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Computer Engineering & Consulting Ltd. (9692) AI Stock Analysis

JP:9692

Computer Engineering & Consulting Ltd.

(TSE/TYO:9692)

Select Model
Rating:80Outperform
Price Target:JPY 2,668.00â–²(22.39% Upside)
Action:reiterated
Date:09/12/26

The overall score is anchored by the company's outstanding fundamental health and highly attractive valuation, characterized by a pristine balance sheet and an 11.5x P/E ratio. While technical indicators highlight a bearish price trend, the deeply oversold signals combined with strong dividend support suggest significant underlying value.

Positive Factors
Accelerating Revenue GrowthImproving revenue growth indicates stronger business momentum and expanding demand for the company’s offerings. The acceleration from low-single-digit growth provides a durable base for earnings expansion, investment, and continued competitive relevance over the next several quarters.
Negative Factors
Margin CompressionLower net and EBIT margins indicate that revenue growth is not converting into profitability as efficiently as it did at the 2023 peak. If this pattern persists, higher costs or pricing pressure could limit earnings growth and weaken operating leverage over time.

Computer Engineering & Consulting Ltd. (9692) vs. iShares MSCI Japan ETF (EWJ)

-15%-10%-5%0%5%10%15%20%25%JP:9692+4.65%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 66.84B
Dividend Yield
3.67%
Average Volume (3M)
133.00K
Price to Earnings (P/E)
11.9
Beta (1Y)
0.76
Revenue Growth
17.89%
EPS Growth
38.85%
Country
Japan
Employees
2,401
Sector
General
Sector Strength
55
Industry
Software - Application

Computer Engineering & Consulting Ltd. Business Overview & Revenue Model

Company Description

Computer Engineering & Consulting, Ltd. (CEC), established in Tokyo, Japan, in 1968, is a prominent player in the nation's digital industry and system integration landscape. The company specializes in delivering a broad spectrum of information and co...

Computer Engineering & Consulting Ltd. Financial Statement Overview

Summary

Financial performance is exceptional, driven by a fortress balance sheet with near-zero debt, accelerating revenue growth, and highly robust cash conversion rates that comfortably self-fund operations.

Income Statement

82Very Positive

Balance Sheet

95Very Positive

Cash Flow

85Very Positive
Financial statement breakdown
BreakdownTTMJan 2025Jan 2024Jan 2023Jan 2022Jan 2021
Income Statement
Total Revenue70.12B65.88B56.21B53.12B48.21B48.00B
Gross Profit18.09B16.86B15.35B14.10B11.31B11.49B
EBITDA8.86B8.16B6.62B7.07B7.44B5.74B
Net Income5.70B5.20B4.04B4.54B5.18B4.04B
Balance Sheet
Total Assets62.16B62.21B52.64B51.39B46.33B43.79B
Cash, Cash Equivalents and Short-Term Investments26.41B25.20B25.47B26.71B23.30B21.02B
Total Debt372.00M389.00M350.00M363.80M377.40M404.60M
Total Liabilities19.12B19.60B12.23B10.60B8.95B9.41B
Stockholders Equity43.03B42.60B40.40B40.79B37.38B34.38B
Cash Flow
Free Cash Flow05.01B4.50B5.25B1.65B4.89B
Operating Cash Flow05.83B5.27B5.68B2.49B5.35B
Investing Cash Flow0-2.18B-1.67B-747.91M1.93B-470.60M
Financing Cash Flow0-3.91B-4.85B-1.53B-3.56B-1.41B

Computer Engineering & Consulting Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price2180.00

Price Trends

50DMA2310.48Negative
100DMA2224.11Negative
200DMA2120.97Positive

Market Momentum

MACD-11.22Positive
RSI38.56Neutral
STOCH4.66Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9692, the sentiment is Negative. The current price of 2180.00 is below the 20-day moving average (MA) of 2267.60, below the 50-day MA of 2310.48, and above the 200-day MA of 2120.97, indicating a neutral trend. The MACD of -11.22 indicates Positive momentum. The RSI at 38.56 is Neutral, neither overbought nor oversold. The STOCH value of 4.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9692.

Computer Engineering & Consulting Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:9692 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9928JP:992887OutperformJPY 61.32B12.61―2.71%6.09%5.50%
JP:4776JP:477683OutperformJPY 134.47B17.61―1.36%20.38%45.30%
JP:4432JP:443282OutperformJPY 124.76B17.00―2.94%14.67%39.11%
JP:4828JP:482882OutperformJPY 77.08B16.0230.58%3.66%15.67%23.19%
JP:9692JP:969280OutperformJPY 70.98B11.92―3.67%17.89%38.85%
JP:4323JP:432376OutperformJPY 43.23B17.86―2.81%9.28%-6.81%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-20%0%20%JP:9692JP:4828JP:4323JP:4432JP:4776JP:9928Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:9692 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9692Computer Engineering & Consulting Ltd.2180.0091.114.36%
JP:4828Business Engineering Corporation1285.0066.155.43%
JP:4323Japan System Techniques Co., Ltd.1744.00-345.29-16.53%
JP:4432WingArc1st Inc.3605.00365.2411.27%
JP:4776Cybozu, Inc.2931.00-72.13-2.40%
JP:9928Miroku Jyoho Service Co., Ltd.2211.00506.7329.73%

Computer Engineering & Consulting Ltd. Corporate Events

Computer Engineering & Consulting Delivers Strong First-Half Earnings and Lifts Dividend

Sep 10, 2026

Computer Engineering & Consulting reported strong results for the first half of the fiscal year ending January 31, 2027, with net sales rising 13.7% year-on-year to ¥35.08 billion and operating income climbing 20.5% to ¥4.16 billion. Ne...

Computer Engineering & Consulting Completes Share Buyback and Plans Treasury Share Retirement

Sep 2, 2026

Computer Engineering & Consulting Ltd. has completed a planned acquisition of treasury shares, buying 347,500 common shares on the Tokyo Stock Exchange between August 1 and August 31, 2026, for a total of ¥823,228,200. This brings cumulative...

Computer Engineering & Consulting Raises Full-Year Earnings Outlook on Strong Public Sector Demand

Aug 21, 2026

Computer Engineering & Consulting Ltd. has raised its full-year consolidated earnings forecast for the fiscal year ending January 2027, citing stronger-than-expected performance in projects for government and public offices. The company now expec...

Computer Engineering & Consulting Accelerates Share Buyback on TSE Prime

Aug 4, 2026

Computer Engineering & Consulting Ltd., listed on the TSE Prime and operating in the technology and engineering services field, provides computer-related consulting and systems solutions to corporate and industrial clients in Japan. The company&#...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 12, 2026