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System Research Co.,Ltd. logo

System Research Co.,Ltd.

3771.T

JPXTechnologySoftware - Application

Open in GoAI

Latest quote

¥1,979

+¥16.00 · +0.82%

Aug 24, 3:30 PM JST

3771.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

System Research Co.,Ltd. provides software development services in Japan. The company designs, develops, implements, operates, maintains, and improves corporate information systems for the car, logistics, distribution, communication and control, and plant/line control industries. It also offers system integration; IT consulting; ICT infrastructure support for cloud implementation and server infrastructure, as well as PC environment planning, construction, and operation; ERP; and low-code development services. In addition, the company provides EC, business package, CRM/CTI, RPA, AI, document, BI and data analysis, data linkage, development platform, assessment services, PMO services, and infrastructure solutions. Further, it is involved in the creation, sale, distribution, and maintenance of programs; sale of personal computers, IT devices, and software products; document PDF + OCR conversion; operation and management of websites; provision of SaaS cloud and data entry services. System Research Co.,Ltd. was incorporated in 1981 and is headquartered in Nagoya, Japan.

Industry
Software - Application
Sector
Technology
Headquarters
JP
CEO
Hiroshi Hirayama
Listed since
Jun 13, 2005
Employees
1,569

Market position

Day range

Current ¥1,979

52-week range

Current ¥1,979

Open
¥1,985
Previous close
¥1,963
Volume
63.2K
1.52× average
Average volume
41.65K
Average daily volume
Market cap
32.82B JPY
Beta
0.3
Market reference 1
50-day average
¥1,813
+9.16% above average
200-day average
¥1,839.75
+7.57% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
20.38B JPY
P/E (TTM)
12.82×
P/B (TTM)
2.59×
P/S (TTM)
1.11×
EV / EBITDA
5.45×
Earnings yield
9.37%
Free cash flow yield
6.04%
Dividend yield
3.54%

Profitability & efficiency

Gross margin
23.15%
Operating margin
11.53%
Net margin
8.65%
Return on equity
19.39%
Return on assets
13.42%
Return on invested capital
17.92%

Financial health

Debt / equity
0.07×
Current ratio
2.64×
Altman Z-score
8.06
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%19%12%6%Gross margin, FY2021: 22.37%Gross margin, FY2022: 22.34%Gross margin, FY2023: 22.97%Gross margin, FY2024: 23.25%Gross margin, FY2025: 23.26%Operating margin, FY2021: 11.29%Operating margin, FY2022: 11.60%Operating margin, FY2023: 11.59%Operating margin, FY2024: 11.56%Operating margin, FY2025: 11.93%Net margin, FY2021: 8.11%Net margin, FY2022: 7.43%Net margin, FY2023: 8.44%Net margin, FY2024: 8.46%Net margin, FY2025: 8.98%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.37%. Gross margin FY2022 22.34%. Gross margin FY2023 22.97%. Gross margin FY2024 23.25%. Gross margin FY2025 23.26%. Operating margin FY2021 11.29%. Operating margin FY2022 11.60%. Operating margin FY2023 11.59%. Operating margin FY2024 11.56%. Operating margin FY2025 11.93%. Net margin FY2021 8.11%. Net margin FY2022 7.43%. Net margin FY2023 8.44%. Net margin FY2024 8.46%. Net margin FY2025 8.98%.

Income trends

Revenue

29.08B JPY+12.16%

Operating income

3.47B JPY+15.77%

Net income

2.61B JPY+18.97%
Income trends across reported periods31.84B JPY20.81B JPY9.77B JPY−1.27B JPYRevenue, FY2021: 18.41B JPYRevenue, FY2022: 21.56B JPYRevenue, FY2023: 23.32B JPYRevenue, FY2024: 25.93B JPYRevenue, FY2025: 29.08B JPYOperating income, FY2021: 2.08B JPYOperating income, FY2022: 2.5B JPYOperating income, FY2023: 2.7B JPYOperating income, FY2024: 3B JPYOperating income, FY2025: 3.47B JPYNet income, FY2021: 1.49B JPYNet income, FY2022: 1.6B JPYNet income, FY2023: 1.97B JPYNet income, FY2024: 2.19B JPYNet income, FY2025: 2.61B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 18.41B JPY. Revenue FY2022 21.56B JPY. Revenue FY2023 23.32B JPY. Revenue FY2024 25.93B JPY. Revenue FY2025 29.08B JPY. Operating income FY2021 2.08B JPY. Operating income FY2022 2.5B JPY. Operating income FY2023 2.7B JPY. Operating income FY2024 3B JPY. Operating income FY2025 3.47B JPY. Net income FY2021 1.49B JPY. Net income FY2022 1.6B JPY. Net income FY2023 1.97B JPY. Net income FY2024 2.19B JPY. Net income FY2025 2.61B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue29.08B JPY25.93B JPY23.32B JPY21.56B JPY18.41B JPY
Cost of goods sold22.32B JPY19.9B JPY17.96B JPY16.74B JPY14.29B JPY
Gross profit6.76B JPY6.03B JPY5.36B JPY4.82B JPY4.12B JPY
Research and development—19.73M JPY—3.88M JPY7.56M JPY
Selling, general, and administrative3.29B JPY3.01B JPY2.65B JPY2.31B JPY2.03B JPY
Operating expenses3.29B JPY3.03B JPY2.65B JPY2.31B JPY2.04B JPY
Interest income2.78M JPY751K JPY17K JPY16K JPY13K JPY
Interest expense11.71M JPY10.68M JPY8.51M JPY7.91M JPY7.91M JPY
Depreciation and amortization268.9M JPY206.35M JPY177.34M JPY162.4M JPY119.7M JPY
Operating income3.47B JPY3B JPY2.7B JPY2.5B JPY2.08B JPY
Net income2.61B JPY2.19B JPY1.97B JPY1.6B JPY1.49B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
23.52

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates51.8741.7231.5721.42Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 28, 2024: actual 33.06, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 39.44, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual 38.64, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 28, 2025: actual 26.66, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 41.02, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 30, 2026: actual 40.04, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 49.77, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 28, 2026: actual 23.52, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates7.97B7.36B6.75B6.14BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 28, 2024: actual 6.45B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 6.58B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual 6.72B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 28, 2025: actual 6.94B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 7.25B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 30, 2026: actual 7.23B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 7.66B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 28, 2026: actual 7.43B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥60.00

2025 complete year+100.0% since 2021

2026 partial: ¥70.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥80.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥70.00

Annual

Record Mar 31, 2026 · Payment Jun 4, 2026

Dividend

Ex-dividend Mar 28, 2025

¥60.00

Annual

Record Mar 31, 2025 · Payment Jun 4, 2025

Dividend

Ex-dividend Mar 28, 2024

¥80.00

Annual

Record Mar 31, 2024 · Payment Jun 4, 2024

Dividend

Ex-dividend Mar 30, 2023

¥70.00

Annual

Record Mar 31, 2023 · Payment Jun 6, 2023

Dividend

Ex-dividend Mar 30, 2022

¥60.00

Annual

Record Mar 31, 2022 · Payment Jun 7, 2022

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ETFs holding 3771.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
71.06M
Weight
0.00%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥417.7-0.07%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
179.06K
Weight
0.00%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.545+0.71%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
179.06K
Weight
0.00%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%
WisdomTree Japan SmallCap Dividend Fund logoWisdomTree Japan SmallCap Dividend FundDFJ
Market value
142.06K
Weight
0.04%
AUM
388.69M USD
Expense ratio
0.58%
Price / 1D
$113.06+0.82%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
107.43K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
104.96K
Weight
0.00%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
WisdomTree Dynamic International Equity Fund logoWisdomTree Dynamic International Equity FundDDWM
Market value
88.79K
Weight
0.01%
AUM
1.49B USD
Expense ratio
0.40%
Price / 1D
$47.395+0.65%
Dimensional International Sustainability Core 1 ETF logoDimensional International Sustainability Core 1 ETFDFSI
Market value
16.05K
Weight
0.00%
AUM
1.19B USD
Expense ratio
0.24%
Price / 1D
$47.365+0.78%

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