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

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JP:9928

Miroku Jyoho Service Co., Ltd.

(TSE/TYO:9928)

Select Model
Rating:87Outperform
Price Target:JPY 2,710.00â–²(18.50% Upside)
Action:reiterated
Date:08/17/26

The stock achieves a strong overall score driven primarily by its highly attractive valuation and robust financial fundamentals. A low P/E ratio and solid dividend yield offer significant value in the software sector, distinguishing it from typically overvalued peers. This is supported by excellent financial health, characterized by consistent top-line growth, successful debt reduction, and strong cash generation capabilities. Furthermore, technical indicators point to sustained bullish momentum, with the stock trading comfortably above all key moving averages.

Positive Factors
Conservative Balance SheetDebt-to-equity fell to about 0.16 in 2026 from 0.50 in 2023 and 0.80 in 2021, while equity grew with assets. This conservative structure preserves financial flexibility and reduces balance-sheet pressure when funding operations or pursuing growth.
Negative Factors
Volatile Cash Flow and Low CoverageAlthough cash flow is positive, declines in 2024 and 2025 and coverage below 1.0 across the reported years show that cash generation is not consistently strong relative to the referenced base. This can reduce flexibility during working-capital swings or higher investment needs.

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

-10%0%10%20%30%40%JP:9928+28.79%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 68.48B
Dividend Yield
2.62%
Average Volume (3M)
42.69K
Price to Earnings (P/E)
13.0
Beta (1Y)
0.39
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

The company demonstrates a highly stable financial profile with steady revenue growth, a strong de-leveraging trend resulting in a robust balance sheet, and excellent cash conversion.

Income Statement

85Very Positive

Balance Sheet

90Very Positive

Cash Flow

80Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue50.48B48.93B46.16B43.97B41.46B36.60B
Gross Profit31.45B29.65B27.88B26.80B25.60B22.61B
EBITDA9.12B8.52B8.44B8.77B9.55B7.09B
Net Income5.25B5.41B4.38B4.24B3.77B4.52B
Balance Sheet
Total Assets50.10B48.76B45.49B46.30B46.29B44.11B
Cash, Cash Equivalents and Short-Term Investments12.92B14.38B16.72B18.99B19.85B17.26B
Total Debt4.91B5.45B6.38B9.33B12.03B10.71B
Total Liabilities15.64B15.38B15.85B19.11B21.51B21.48B
Stockholders Equity34.01B33.14B29.28B26.71B24.28B22.19B
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 SentimentPositive
Last Price2287.00

Price Trends

50DMA2151.94Positive
100DMA1991.30Positive
200DMA1867.94Positive

Market Momentum

MACD25.07Positive
RSI58.47Neutral
STOCH75.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9928, the sentiment is Positive. The current price of 2287.00 is above the 20-day moving average (MA) of 2242.55, above the 50-day MA of 2151.94, and above the 200-day MA of 1867.94, indicating a bullish trend. The MACD of 25.07 indicates Positive momentum. The RSI at 58.47 is Neutral, neither overbought nor oversold. The STOCH value of 75.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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:9928JP:992887OutperformJPY 62.76B13.04―2.62%6.09%5.50%
JP:4828JP:482882OutperformJPY 74.98B14.8830.58%3.82%11.71%19.03%
JP:9629JP:962981OutperformJPY 30.05B15.49―5.95%8.61%30.21%
JP:9790JP:979079OutperformJPY 64.30B14.2314.95%2.43%6.17%32.06%
JP:4323JP:432366NeutralJPY 42.07B19.25―2.78%6.05%-21.43%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:4397JP:439760NeutralJPY 5.75B15.40――23.50%2.72%

* Technology Sector Average

Performance Comparison

-20%0%20%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.2287.00479.3526.52%
JP:9790Fukui Computer Holdings 3005.0073.652.51%
JP:4828Business Engineering Corporation1231.00-186.49-13.16%
JP:4323Japan System Techniques Co., Ltd.1763.00-501.95-22.16%
JP:4397TeamSpirit, Inc.348.00-162.00-31.76%
JP:9629PCA Corporation1596.00-91.60-5.43%

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