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Stock Analysis & ValuationJust Planning Inc. (4287.T)

Professional Stock Screener
Previous Close
¥468.00
Sector Valuation Confidence Level
Low
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)363.56-22
Intrinsic value (DCF)797.8770
Graham-Dodd Method324.39-31
Graham Formula421.14-10

Strategic Investment Analysis

Company Overview

Just Planning Inc. is a Japan-based technology company specializing in software solutions for the food and beverage industry. Founded in 1994 and headquartered in Ota, Japan, the company develops and sells ASP store management and POS (Point of Sale) order entry systems tailored for restaurants. Its comprehensive suite of services includes sales management, attendance management, purchase management, and ordering systems, along with consulting and operational support for both store and headquarters systems. Additionally, Just Planning Inc. supplies various consumables to its clients. Operating in the competitive Computer Hardware sector under the broader Technology industry, the company has established a niche in Japan's restaurant management software market. With a market capitalization of approximately ¥4.59 billion, Just Planning Inc. continues to leverage its expertise to enhance operational efficiency for food service businesses, positioning itself as a key player in Japan's digital transformation of the F&B sector.

Investment Summary

Just Planning Inc. presents a stable investment opportunity with its focus on the niche restaurant management software market in Japan. The company boasts a solid financial position, with no debt and a healthy cash reserve of ¥1.37 billion. Its diluted EPS of ¥29.55 and a dividend per share of ¥10 indicate shareholder-friendly policies. However, the company operates in a highly competitive sector with potential risks from larger tech firms expanding into POS solutions. The low beta of 0.342 suggests lower volatility compared to the market, which might appeal to conservative investors. Revenue growth and market expansion will be critical factors to monitor, given the company's current reliance on the Japanese market.

Competitive Analysis

Just Planning Inc. competes in the specialized market of restaurant management and POS systems in Japan. Its competitive advantage lies in its deep understanding of the local F&B industry, offering tailored ASP and POS solutions that cater specifically to Japanese restaurant operations. The company's integrated systems for sales, attendance, and purchase management provide a comprehensive solution that enhances operational efficiency for its clients. However, its market is increasingly contested by larger global and domestic tech firms that offer broader, more scalable solutions. Just Planning's strength is its localized service and support, which larger competitors may lack. Yet, its relatively small scale (¥2.20 billion revenue) limits its ability to compete on price or innovation with giants like Oracle or Square. The company's zero debt and strong cash position provide financial flexibility, but its growth potential may be constrained without significant investment in R&D or international expansion.

Major Competitors

  • SoftBank Group Corp. (9984.T): SoftBank, through its various subsidiaries and investments, has a broad presence in technology and POS solutions. Its scale and resources far exceed Just Planning's, but its focus is more diversified, potentially leaving room for niche players like Just Planning in specialized markets.
  • Block, Inc. (SQ): Block (formerly Square) is a global leader in POS systems with a strong presence in payment processing. Its Square for Restaurants product directly competes with Just Planning's offerings. Block's superior technology and global reach pose a significant threat, though Just Planning's localized service may retain some clients.
  • Oracle Corporation (ORCL): Oracle provides enterprise-level POS and restaurant management solutions through its MICROS brand. Its solutions are more scalable and feature-rich, targeting larger chains, which could pressure Just Planning's market share among mid-sized restaurants in Japan.
  • SCSK Corporation (9719.T): SCSK offers IT solutions including POS systems in Japan. Its broader IT service portfolio and larger size give it an advantage in cross-selling, but Just Planning's specialized focus on the F&B sector allows for deeper industry expertise.
  • SB Technology Inc. (4726.T): SB Technology provides cloud and IT solutions, including some POS services. While not as focused on the F&B sector as Just Planning, its technological capabilities and resources could enable it to encroach on Just Planning's market if demand for more advanced solutions grows.
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