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System D Inc. logo

System D Inc.

3804.T

JPXTechnologySoftware - Application

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Latest quote

¥449

+¥3.00 · +0.67%

Aug 24, 3:20 PM JST

3804.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

System D Inc. is a Japanese enterprise specializing in the creation and distribution of tailored software solutions for diverse industrial sectors. Their product range features offerings for educational institutions, wellness programs, public sector learning environments, and government accounting. Beyond these core packages, the company also furnishes a suite of software engineering services and solutions. These encompass systems for managing regulatory compliance and manuals, facilitating contract generation and administration, organizing documentation, overseeing human resources and labor regulations, providing cloud-based services, streamlining web-based approval processes, and handling notifications. Established in 1982, the firm was initially known as Gendai Kobosha Co., Ltd. before adopting its current name, System D Inc., in June 1984. The company's principal offices are situated in Kyoto, Japan.

Industry
Software - Application
Sector
Technology
Headquarters
JP
CEO
Ryo Doyama
Listed since
Apr 27, 2006
Employees
290

Market position

Day range

Current ¥449

52-week range

Current ¥449

Open
¥445
Previous close
¥446
Volume
11.4K
2.63× average
Average volume
4.33K
Average daily volume
Market cap
8.65B JPY
Beta
0.23
Market reference 1
50-day average
¥439.82
+2.09% above average
200-day average
¥532.67
-15.71% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.6B JPY
P/E (TTM)
7.2×
P/B (TTM)
0.55×
P/S (TTM)
1.64×
EV / EBITDA
7.44×
Earnings yield
5.02%
Free cash flow yield
8.53%
Dividend yield
2.08%

Profitability & efficiency

Gross margin
43.27%
Operating margin
17.83%
Net margin
11.25%
Return on equity
12.54%
Return on assets
8.52%
Return on invested capital
11.58%

Financial health

Debt / equity
0.03×
Current ratio
1.87×
Altman Z-score
4.4
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%37%23%8%Gross margin, FY2021: 47.31%Gross margin, FY2022: 46.15%Gross margin, FY2023: 43.64%Gross margin, FY2024: 43.27%Gross margin, FY2025: 43.33%Operating margin, FY2021: 21.04%Operating margin, FY2022: 21.21%Operating margin, FY2023: 19.29%Operating margin, FY2024: 17.89%Operating margin, FY2025: 18.64%Net margin, FY2021: 14.93%Net margin, FY2022: 13.98%Net margin, FY2023: 13.36%Net margin, FY2024: 12.00%Net margin, FY2025: 12.48%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 47.31%. Gross margin FY2022 46.15%. Gross margin FY2023 43.64%. Gross margin FY2024 43.27%. Gross margin FY2025 43.33%. Operating margin FY2021 21.04%. Operating margin FY2022 21.21%. Operating margin FY2023 19.29%. Operating margin FY2024 17.89%. Operating margin FY2025 18.64%. Net margin FY2021 14.93%. Net margin FY2022 13.98%. Net margin FY2023 13.36%. Net margin FY2024 12.00%. Net margin FY2025 12.48%.

Income trends

Revenue

5.03B JPY+8.65%

Operating income

938.16M JPY+13.21%

Net income

627.89M JPY+12.94%
Income trends across reported periods5.48B JPY3.69B JPY1.9B JPY108.31M JPYRevenue, FY2021: 3.84B JPYRevenue, FY2022: 4.23B JPYRevenue, FY2023: 4.74B JPYRevenue, FY2024: 4.63B JPYRevenue, FY2025: 5.03B JPYOperating income, FY2021: 808.19M JPYOperating income, FY2022: 897.7M JPYOperating income, FY2023: 913.93M JPYOperating income, FY2024: 828.66M JPYOperating income, FY2025: 938.16M JPYNet income, FY2021: 573.6M JPYNet income, FY2022: 591.58M JPYNet income, FY2023: 632.7M JPYNet income, FY2024: 555.95M JPYNet income, FY2025: 627.89M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.84B JPY. Revenue FY2022 4.23B JPY. Revenue FY2023 4.74B JPY. Revenue FY2024 4.63B JPY. Revenue FY2025 5.03B JPY. Operating income FY2021 808.19M JPY. Operating income FY2022 897.7M JPY. Operating income FY2023 913.93M JPY. Operating income FY2024 828.66M JPY. Operating income FY2025 938.16M JPY. Net income FY2021 573.6M JPY. Net income FY2022 591.58M JPY. Net income FY2023 632.7M JPY. Net income FY2024 555.95M JPY. Net income FY2025 627.89M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue5.03B JPY4.63B JPY4.74B JPY4.23B JPY3.84B JPY
Cost of goods sold2.85B JPY2.63B JPY2.67B JPY2.28B JPY2.02B JPY
Gross profit2.18B JPY2B JPY2.07B JPY1.95B JPY1.82B JPY
Research and development4.18M JPY————
Selling, general, and administrative1.24B JPY1.18B JPY1.15B JPY1.06B JPY1.01B JPY
Operating expenses1.24B JPY1.18B JPY1.15B JPY1.06B JPY1.01B JPY
Interest income1.57M JPY928K JPY754K JPY701K JPY325K JPY
Interest expense1.86M JPY1.78M JPY2.02M JPY976K JPY621K JPY
Depreciation and amortization509.8M JPY526.83M JPY472.29M JPY487.26M JPY399.63M JPY
Operating income938.16M JPY828.66M JPY913.93M JPY897.7M JPY808.19M JPY
Net income627.89M JPY555.95M JPY632.7M JPY591.58M JPY573.6M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
15.78

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates19.5713.156.730.31Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Sep 17, 2024: actual 0.37, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 16, 2024: actual 10.98, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 17, 2025: actual 5.05, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 16, 2025: actual 18.15, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 16, 2025: actual 2.25, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 15, 2025: actual 7.18, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual 5.53, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 15, 2026: actual 15.78, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.06B1.61B1.16B716.6MQ3 '24BeatQ4 '24No estimateQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimate
Q3 2024, reported Sep 17, 2024: actual 892M JPY, estimate 809M JPY, surprise +10.26%, Beat. Q4 2024, reported Dec 16, 2024: actual 1.35B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 17, 2025: actual 1B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 16, 2025: actual 1.8B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 16, 2025: actual 946M JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 15, 2025: actual 1.29B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual 1.06B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 15, 2026: actual 1.96B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥9.3333

2025 complete year+56.8% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Oct 29, 2026

¥11.00

Annual

Record Oct 31, 2026 · Payment Oct 29, 2026

Dividend

Ex-dividend Oct 30, 2025

¥28.00

Annual

Record Oct 31, 2025 · Payment Jan 30, 2026

Dividend

Ex-dividend Oct 30, 2024

¥24.00

Annual

Record Oct 31, 2024 · Payment Jan 31, 2025

Dividend

Ex-dividend Oct 30, 2023

¥23.00

Annual

Record Oct 31, 2023 · Payment Jan 31, 2024

Dividend

Ex-dividend Oct 28, 2022

¥20.00

Annual

Record Oct 31, 2022 · Payment Jan 30, 2023

Dividend

Ex-dividend Oct 28, 2021

¥17.859

Annual

Record Oct 31, 2021 · Payment Jan 31, 2022

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