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Miroku Jyoho Service Co., Ltd.
(9928)
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Rating:79Outperform
Price Target:
¥2,202.00
▲(23.64% Upside)
Action:Upgraded
Date:08/17/26
The score is driven primarily by strong financial fundamentals—steady growth, improving profitability, and a conservatively leveraged balance sheet—alongside attractive valuation (low P/E and solid dividend yield). Technicals are supportive with price above key moving averages and positive MACD, though momentum is approaching overbought levels, which modestly reduces the overall score.
Positive Factors
Steady revenue growth and improving profitability
Consistent revenue expansion indicates durable demand for the company’s financial-sector IT services. The simultaneous improvement in net margin suggests operating discipline is converting growth into stronger earnings, supporting reinvestment and resilience over the next several quarters.
Negative Factors
Volatile free cash flow and weak coverage
Although cash generation is positive, its volatility introduces uncertainty around the timing and reliability of internally generated funds. Coverage below 1.0 suggests cash generation is not especially strong relative to the referenced base, potentially limiting flexibility during working-capital swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth and improving profitability
Consistent revenue expansion indicates durable demand for the company’s financial-sector IT services. The simultaneous improvement in net margin suggests operating discipline is converting growth into stronger earnings, supporting reinvestment and resilience over the next several quarters.
Read all positive factors
Miroku Jyoho Service Co., Ltd. (9928) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥59.15B
Dividend Yield2.83%
Average Volume (3M)42.59K
Price to Earnings (P/E)11.5
Beta (1Y)0.40
Revenue Growth7.09%
EPS Growth32.95%
CountryJP
Employees2,342
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)184.70
Shares Outstanding32,306,286
10 Day Avg. Volume44,290
30 Day Avg. Volume42,590
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)1.56
Price to Sales (P/S)1.06
P/FCF Ratio9.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)162
Revenue Forecast (FY)¥53.40B
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 offerin...
How the Company Makes Money
The company makes money mainly by providing IT products and services to financial institutions, with revenue typically generated across several linked streams: (1) System development and integration: fees earned from building and implementing miss...
Miroku Jyoho Service Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.87B | 48.93B | 46.16B | 43.97B | 41.46B | 36.60B |
| Gross Profit | 30.61B | 29.65B | 27.88B | 26.80B | 25.60B | 22.61B |
| EBITDA | 8.94B | 8.52B | 8.44B | 8.77B | 9.55B | 7.09B |
| Net Income | 5.53B | 5.41B | 4.38B | 4.24B | 3.77B | 4.52B |
Balance Sheet | ||||||
| Total Assets | 48.14B | 48.76B | 45.49B | 46.30B | 46.29B | 44.11B |
| Cash, Cash Equivalents and Short-Term Investments | 12.66B | 14.38B | 16.72B | 18.99B | 19.85B | 17.26B |
| Total Debt | 5.04B | 5.45B | 6.38B | 9.33B | 12.03B | 10.71B |
| Total Liabilities | 15.54B | 15.38B | 15.85B | 19.11B | 21.51B | 21.48B |
| Stockholders Equity | 32.40B | 33.14B | 29.28B | 26.71B | 24.28B | 22.19B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.70B | 5.86B | 6.15B | 6.88B | 5.94B |
| Operating Cash Flow | 0.00 | 6.55B | 6.33B | 6.54B | 7.18B | 6.23B |
| Investing Cash Flow | 0.00 | -5.71B | -4.41B | -3.63B | -2.88B | -1.53B |
| Financing Cash Flow | 0.00 | -2.58B | -4.44B | -4.10B | -1.77B | -5.67B |
Miroku Jyoho Service Co., Ltd. Technical Analysis
Positive
1781.00
Price Trends
1956.26
Positive
1850.72
Positive
1818.75
Positive
Market Momentum
45.15
Negative
66.45
Neutral
87.27
Negative
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 1781 is below the 20-day moving average (MA) of 2053.75, below the 50-day MA of 1956.26, and below the 200-day MA of 1818.75, indicating a bullish trend. The MACD of 45.15 indicates Negative momentum. The RSI at 66.45 is Neutral, neither overbought nor oversold. The STOCH value of 87.27 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥29.29B | 13.99 | ― | 6.15% | 8.18% | 35.49% | |
82 Outperform | ¥81.04B | 16.25 | 30.58% | 3.60% | 15.67% | 23.19% | |
79 Outperform | ¥59.15B | 11.49 | ― | 2.83% | 7.09% | 32.95% | |
76 Outperform | ¥61.82B | 14.05 | 14.95% | 2.46% | 10.47% | -0.07% | |
76 Outperform | ¥47.10B | 19.43 | ― | 2.58% | 9.28% | -6.81% | |
68 Neutral | ¥6.19B | 13.54 | ― | ― | 23.42% | 457.78% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:9928
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Miroku Jyoho Service Co., Ltd. Corporate Events
Miroku Jyoho Service Posts Strong Q1 Growth, Affirms 2027 Outlook and Higher Dividend
Jul 31, 2026
Miroku Jyoho Service reported consolidated net sales of ¥12,514 million for the three months ended June 30, 2026, up 8.2% year on year, with operating profit jumping 25.2% to ¥1,557 million and profit attributable to owners of parent ris...
Miroku Jyoho Service Completes Restricted Stock Compensation Disposal
Jul 24, 2026
Miroku Jyoho Service Co., Ltd. has completed the payment procedures for the disposal of its treasury shares used as restricted stock compensation for directors. The move follows a June 26, 2026 board resolution and involves issuing 12,000 shares o...
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.