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Miroku Jyoho Service Co., Ltd. (9928) AI Stock Analysis

JP:9928

Miroku Jyoho Service Co., Ltd.

(TSE/TYO:9928)

Select Model
Rating:79Outperform
Price Target:JPY 2,532.00â–²(16.20% Upside)
Action:upgraded
Date:08/17/26

The overall score of 79 reflects Miroku Jyoho Service's strong financial foundation, bullish technical trend, and compelling valuation. The company's robust balance sheet and consistent profitability are key strengths, while the stock's upward momentum and low P/E ratio suggest potential upside. Modest revenue growth and overbought technical indicators present mild headwinds, but the overall profile remains positive.

Positive Factors
Consistent revenue growth and improving profitabilityConsistent revenue expansion indicates durable demand for the company’s financial-sector IT solutions, while the higher net margin suggests improved cost control. Together, these trends support stronger earnings quality and provide a foundation for reinvestment over the next several quarters.
Negative Factors
Moderate revenue growth limits near-term operating leverageAlthough revenue growth is steady, its roughly mid-single-digit pace may limit the speed of earnings expansion unless profitability continues improving. A moderate growth profile also leaves less room for operating leverage and makes sustained execution important to maintaining momentum.

Miroku Jyoho Service Co., Ltd. (9928) vs. iShares MSCI Japan ETF (EWJ)

-10%0%10%20%30%40%JP:9928+22.24%EWJ+16.91%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 61.97B
Dividend Yield
2.75%
Average Volume (3M)
44.02K
Price to Earnings (P/E)
12.4
Beta (1Y)
0.37
Revenue Growth
6.09%
EPS Growth
5.50%
Country
Japan
Employees
2,342
Sector
Technology
Sector Strength
61
Industry
Software - Application

Miroku Jyoho Service Co., Ltd. Business Overview & Revenue Model

Company Description

Miroku Jyoho Service Co., Ltd. provides extensive IT and digital business solutions to a diverse clientele, encompassing tax accounting and CPA firms, their client companies, and small to medium-sized enterprises throughout Japan. Its core offerings...

Miroku Jyoho Service Co., Ltd. Financial Statement Overview

Summary

Miroku Jyoho Service demonstrates steady revenue growth (5-7.5% annually) and improving net margins (11.1% in FY2026). The balance sheet is exceptionally strong with low debt (D/E 0.16) and high ROE (>14%). Cash flows are consistently positive, though free cash flow conversion shows some volatility. Overall, financials are solid but growth is modest for a software company.

Income Statement

72Positive

Balance Sheet

88Very Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue49.87B48.93B46.16B43.97B41.46B36.60B
Gross Profit30.61B29.65B27.88B26.80B25.60B22.61B
EBITDA8.94B8.52B8.44B8.77B9.55B7.09B
Net Income5.53B5.41B4.38B4.24B3.77B4.52B
Balance Sheet
Total Assets48.14B48.76B45.49B46.30B46.29B44.11B
Cash, Cash Equivalents and Short-Term Investments12.66B14.38B16.72B18.99B19.85B17.26B
Total Debt5.04B5.45B6.38B9.33B12.03B10.71B
Total Liabilities15.54B15.38B15.85B19.11B21.51B21.48B
Stockholders Equity32.40B33.14B29.28B26.71B24.28B22.19B
Cash Flow
Free Cash Flow05.70B5.86B6.15B6.88B5.94B
Operating Cash Flow06.55B6.33B6.54B7.18B6.23B
Investing Cash Flow0-5.71B-4.41B-3.63B-2.88B-1.53B
Financing Cash Flow0-2.58B-4.44B-4.10B-1.77B-5.67B

Miroku Jyoho Service Co., Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price2179.00

Price Trends

50DMA2111.06Positive
100DMA1951.53Positive
200DMA1856.17Positive

Market Momentum

MACD35.07Positive
RSI48.46Neutral
STOCH26.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9928, the sentiment is Neutral. The current price of 2179.00 is below the 20-day moving average (MA) of 2226.75, above the 50-day MA of 2111.06, and above the 200-day MA of 1856.17, indicating a neutral trend. The MACD of 35.07 indicates Positive momentum. The RSI at 48.46 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9928.

Miroku Jyoho Service Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:9928 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9629JP:962983OutperformJPY 29.94B15.37―6.00%8.61%30.21%
JP:4828JP:482882OutperformJPY 77.08B15.7930.58%3.71%15.67%23.19%
JP:9928JP:992879OutperformJPY 61.32B12.42―2.75%6.09%5.50%
JP:4323JP:432376OutperformJPY 43.23B17.52―2.86%9.28%-6.81%
JP:9790JP:979074OutperformJPY 62.75B14.5214.95%2.38%10.47%-0.07%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:4397JP:439761NeutralJPY 6.01B15.80――23.50%2.72%

* Technology Sector Average

Performance Comparison

-20%0%20%40%JP:9928JP:9790JP:4828JP:4323JP:4397JP:9629Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:9928 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9928Miroku Jyoho Service Co., Ltd.2179.00343.3418.70%
JP:9790Fukui Computer Holdings 3065.0050.601.68%
JP:4828Business Engineering Corporation1267.0057.804.78%
JP:4323Japan System Techniques Co., Ltd.1711.00-369.51-17.76%
JP:4397TeamSpirit, Inc.357.00-150.00-29.59%
JP:9629PCA Corporation1583.00-104.60-6.20%

Miroku Jyoho Service Co., Ltd. Corporate Events

Miroku Jyoho Service Launches Trust-Based Employee Stock Ownership Plan

Oct 30, 2026

Miroku Jyoho Service Co., Ltd. has approved the introduction of an employee stock ownership plan based on a trust scheme, under which eligible staff will receive company shares or equivalent cash according to points awarded by position and other crit...

Miroku Jyoho Service Posts Higher Sales and Profit But Guides Lower Earnings, Raises Dividend

Oct 30, 2026

Miroku Jyoho Service Co., Ltd., a Japan-based information services and enterprise systems provider listed on the Tokyo Prime Market, reported steady growth in net sales for the six months ended September 30, 2026, alongside improved operating and ord...

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: Aug 17, 2026