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Stock Analysis & ValuationSystem Information Co.,Ltd. (3677.T)

Professional Stock Screener
Previous Close
¥927.00
Sector Valuation Confidence Level
Low
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)n/an/a
Intrinsic value (DCF)n/a
Graham-Dodd Method233.94-75
Graham Formula632.46-32

Strategic Investment Analysis

Company Overview

System Information Co., Ltd. is a leading Japanese IT services provider specializing in system planning, design, software development, and maintenance solutions. Founded in 1980 and headquartered in Tokyo, the company offers comprehensive technical services, including business application development, information security, embedded systems, and IT infrastructure solutions. System Information Co., Ltd. also provides consulting services such as CMMI (Capability Maturity Model Integration) and agile methodologies to enhance organizational capabilities. With a strong focus on cognitive, cloud, and robotic process automation (RPA) services, the company serves a diverse clientele across Japan. Operating in the competitive Software - Infrastructure sector, System Information Co., Ltd. leverages its deep industry expertise and long-standing market presence to deliver high-value IT solutions. The company’s robust financial performance, with a market capitalization of ¥21.36 billion and revenue of ¥15.33 billion in FY2023, underscores its stability and growth potential in Japan’s evolving technology landscape.

Investment Summary

System Information Co., Ltd. presents a stable investment opportunity within Japan’s IT services sector, supported by consistent revenue growth and a strong balance sheet. The company reported ¥1.16 billion in net income and ¥1.17 billion in operating cash flow for FY2023, reflecting efficient operations and profitability. With a low beta of 0.605, the stock exhibits lower volatility compared to the broader market, making it an attractive option for risk-averse investors. The company’s dividend payout of ¥36 per share further enhances its appeal. However, investors should consider the competitive pressures in Japan’s IT services industry and the company’s limited international presence, which may constrain growth opportunities outside its domestic market.

Competitive Analysis

System Information Co., Ltd. competes in Japan’s highly fragmented IT services market, where differentiation is driven by technical expertise, service quality, and client relationships. The company’s competitive advantage lies in its end-to-end IT solutions, spanning system design, software development, and maintenance, which fosters long-term client engagements. Its specialization in CMMI and agile consulting further strengthens its positioning as a trusted partner for organizational capability improvement. However, the company faces intense competition from larger domestic and global IT service providers with broader geographic reach and greater financial resources. While System Information Co., Ltd. benefits from deep local market knowledge, its lack of significant international operations limits its ability to compete on a global scale. The company’s focus on high-value consulting and automation services (RPA, cloud, cognitive solutions) provides a niche edge, but scalability remains a challenge compared to multinational competitors with diversified service portfolios.

Major Competitors

  • OBIC Co., Ltd. (4684.T): OBIC Co., Ltd. is a major Japanese IT services provider specializing in enterprise software and system integration. It has a strong reputation for financial and accounting systems, giving it an edge in corporate IT solutions. However, its focus on specific verticals may limit its flexibility compared to System Information’s broader service offerings.
  • SCSK Corporation (9719.T): SCSK Corporation is a leading systems integrator with a strong presence in infrastructure and cloud services. Its larger scale and diversified client base provide stability, but its bureaucratic structure may slow innovation compared to mid-sized firms like System Information.
  • Nomura Research Institute, Ltd. (4307.T): Nomura Research Institute (NRI) is a top-tier Japanese IT consulting and solutions firm with global reach. Its strengths lie in financial services and strategic consulting, but its premium pricing may make System Information a more cost-effective alternative for mid-market clients.
  • CyberAgent, Inc. (4751.T): CyberAgent focuses on digital advertising and internet services, overlapping with System Information in cloud and automation solutions. Its strength in media and marketing tech differentiates it, but it lacks System Information’s depth in enterprise system integration.
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