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Stock Analysis & ValuationDouble Standard Inc. (3925.T)

Professional Stock Screener
Previous Close
¥1,683.00
Sector Valuation Confidence Level
Low
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)2059.8522
Intrinsic value (DCF)993.10-41
Graham-Dodd Method287.77-83
Graham Formula2585.7454

Strategic Investment Analysis

Company Overview

Double Standard Inc. (3925.T) is a Tokyo-based business support company specializing in big data solutions and technology-driven service planning for enterprises. Founded in 2012, the company leverages advanced data generation techniques, including HTML and image information processing, database management, and analog media conversion, to deliver actionable insights for businesses. Its core offerings include real-time data acquisition, web change detection, and data analysis support, enabling clients to optimize decision-making and operational efficiency. Operating in Japan's competitive Information Technology Services sector, Double Standard Inc. stands out for its innovative approach to data utilization and system development. With a market capitalization of approximately ¥20.85 billion, the company serves a growing demand for data-driven enterprise solutions in the Technology sector. Its strong cash position (¥4.46 billion) and debt-free balance sheet underscore financial stability, while its dividend payout (¥60 per share) reflects shareholder-friendly policies.

Investment Summary

Double Standard Inc. presents a compelling investment case with its niche focus on big data solutions and strong financial metrics. The company boasts a robust net income of ¥1.65 billion, a healthy diluted EPS of ¥122.03, and positive operating cash flow (¥1.44 billion), indicating profitability and efficient operations. Its zero debt and substantial cash reserves (¥4.46 billion) provide a cushion against market volatility, while a low beta (0.243) suggests lower systemic risk compared to the broader market. However, investors should note the company's relatively small market cap (¥20.85 billion), which may limit liquidity, and its concentrated operations in Japan, exposing it to regional economic fluctuations. The dividend yield (~2.9% based on current share price assumptions) adds income appeal, but growth prospects depend on its ability to scale data services internationally and compete with larger global IT service providers.

Competitive Analysis

Double Standard Inc. competes in Japan's IT services market by differentiating itself through specialized big data generation and real-time analytics capabilities. Its competitive advantage lies in proprietary technologies for web change detection and analog media conversion, which are less common among generalist IT service firms. The company's end-to-end service model—combining data collection, analysis, and system development—creates stickiness with clients seeking integrated solutions. However, its small scale (¥7.15 billion revenue) limits R&D budgets compared to multinational peers, potentially hindering innovation pace. While its debt-free status and high cash reserves provide flexibility, Double Standard lacks the global delivery networks of larger competitors, restricting its ability to serve multinational clients. Its focus on the Japanese market is both a strength (deep local expertise) and a weakness (limited diversification). To sustain growth, the company must expand its data-as-a-service offerings and forge partnerships to enhance technological capabilities without overextending its balance sheet.

Major Competitors

  • Rakuten Symphony Inc. (4755.T): Rakuten Symphony provides cloud-native telecom and IT services, competing indirectly in data solutions. Its strengths include vast infrastructure and Rakuten Group's ecosystem, but it lacks Double Standard's niche focus on web data extraction. Weaknesses include recent profitability struggles due to heavy 5G investments.
  • GungHo Online Entertainment Inc. (3765.T): GungHo excels in online gaming data analytics but overlaps with Double Standard in real-time data processing. Its strength lies in gaming industry expertise, while its weakness is limited diversification beyond entertainment verticals compared to Double Standard's broader enterprise focus.
  • GMO Internet Inc. (3903.T): GMO Internet offers competing cloud and big data services with stronger brand recognition. Its advantage is diversified revenue streams (including domain services), but it carries higher debt levels than Double Standard's zero-leverage position.
  • SCSK Corporation (9719.T): SCSK provides enterprise IT services including data analytics, competing directly with Double Standard. Its strengths include larger scale and Sumitomo Group backing, but it lacks Double Standard's agility in niche web data extraction technologies.
  • Nomura Research Institute Ltd. (4307.T): NRI is a dominant player in Japan's IT consulting with advanced analytics capabilities. While it outperforms Double Standard in revenue scale and consulting expertise, its solutions are often more expensive and less tailored for mid-market clients.
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