| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 2745.93 | -7 |
| Intrinsic value (DCF) | 1945.89 | -34 |
| Graham-Dodd Method | 2135.25 | -28 |
| Graham Formula | 3420.88 | 15 |
Computer Management Co., Ltd. (4491.T) is a Japan-based IT services provider specializing in system support solutions for enterprises across various industries. Founded in 1981 and headquartered in Osaka, the company offers comprehensive services including system development, financial and medical IT solutions, and helpdesk business process outsourcing (BPO). Additionally, it provides infrastructure consulting, design, implementation, and maintenance services. A key strength lies in its ERP solutions, catering to businesses of all sizes—SAP S4 HANA for large enterprises, SAP Business ByDesign for mid-sized firms, and SAP Business One for SMEs. Operating in the competitive Software - Application sector, Computer Management Co. leverages its deep expertise in SAP implementations and IT infrastructure to serve Japanese enterprises. With a market cap of approximately ¥5.05 billion, the company maintains a strong balance sheet, zero debt, and solid cash reserves, positioning it as a stable player in Japan's IT services landscape.
Computer Management Co. presents a niche investment opportunity in Japan's IT services sector, with a focus on SAP ERP solutions and system infrastructure support. The company's zero-debt balance sheet and ¥2.91 billion in cash equivalents provide financial stability, while its modest beta (0.025) suggests low volatility relative to the market. However, its small market cap and limited international presence may constrain growth potential compared to global peers. Revenue of ¥7.19 billion and net income of ¥327 million reflect steady but unspectacular performance. The dividend yield, based on a ¥50 per share payout, is a positive for income-focused investors, but growth prospects depend heavily on Japan's corporate IT spending trends. Investors should weigh its stable domestic positioning against potential scalability challenges.
Computer Management Co. competes in Japan's fragmented IT services market by specializing in SAP implementations and system infrastructure support—a niche that provides some insulation from broader competition. Its deep expertise in SAP ERP solutions (S4 HANA, Business ByDesign, and Business One) differentiates it from generalist IT service providers. The company's focus on mid-market and enterprise clients in Japan allows for tailored solutions, though this also limits its addressable market. Unlike global IT consultancies, Computer Management Co. lacks significant international exposure, which may hinder growth but reduces exposure to foreign exchange and geopolitical risks. Its zero-debt financial structure and strong cash position (¥2.91 billion) provide flexibility, but its small scale makes it vulnerable to pricing pressure from larger competitors. The company's competitive edge lies in its long-standing relationships with Japanese enterprises and SAP specialization, though it faces stiff competition from both domestic IT firms and global players expanding in Japan.