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Stock Analysis & ValuationWriteup Co.,Ltd. (6580.T)

Professional Stock Screener
Previous Close
¥2,620.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)1812.65-31
Intrinsic value (DCF)12055.01360
Graham-Dodd Method1061.37-59
Graham Formula4751.5681

Strategic Investment Analysis

Company Overview

Writeup Co., Ltd. is a Japan-based company specializing in consulting, training services, IT tool wholesale, and web content production. Founded in 2002 and headquartered in Tokyo, the company operates in the Specialty Business Services sector under the Industrials industry. Writeup Co., Ltd. leverages its expertise to provide tailored solutions for businesses seeking digital transformation and workforce training. With a market capitalization of approximately ¥8.29 billion, the company has established itself as a niche player in Japan's growing IT and professional services market. Its diversified service offerings, including IT tool distribution and content creation, position it well to capitalize on Japan's increasing demand for digital solutions. The company's strong cash position (¥2.43 billion) and minimal debt (¥7.52 million) provide financial stability in a competitive landscape.

Investment Summary

Writeup Co., Ltd. presents an interesting small-cap opportunity in Japan's IT services sector, with a beta of 1.41 indicating higher volatility than the market. The company maintains healthy fundamentals with ¥2.78 billion in revenue and ¥230.6 million net income for FY2024, translating to a diluted EPS of ¥44.51. Its strong cash position and negligible debt provide financial flexibility, while the ¥40 dividend per share offers a modest yield. However, investors should note the company's relatively small scale in a competitive industry and its high beta suggesting sensitivity to market fluctuations. The positive operating cash flow (¥350 million) and manageable capital expenditures (-¥72.6 million) indicate sustainable operations, but growth prospects may be limited by the company's niche focus and domestic market concentration.

Competitive Analysis

Writeup Co., Ltd. operates in a highly competitive segment of Japan's IT services and business consulting market. The company's competitive advantage lies in its diversified service portfolio combining consulting, training, IT tools distribution, and web content production - a combination that allows for cross-selling opportunities. Its relatively strong cash position enables investment in service development and talent retention. However, the company faces significant competition from larger IT service providers with greater resources and international reach. Writeup's niche focus on the Japanese market provides deep local expertise but limits growth potential compared to global competitors. The company's small scale (¥2.78 billion revenue) means it may struggle to compete for large corporate contracts against industry giants. Its strength in training services could be leveraged to differentiate itself in Japan's growing digital skills market. The wholesale IT tools business provides steady revenue but operates in a highly competitive, low-margin segment. Writeup's challenge will be to scale its higher-margin consulting and content production services while maintaining its financial discipline.

Major Competitors

  • SCSK Corporation (9719.T): SCSK is a major Japanese IT services provider with significantly larger scale (¥500+ billion revenue) and comprehensive service offerings. While Writeup focuses on niche consulting and training, SCSK provides full-spectrum IT solutions including systems integration and outsourcing. SCSK's size gives it advantages in resources and client base, but Writeup may be more agile in specialized services.
  • OBIC Co., Ltd. (4684.T): OBIC specializes in business software and IT consulting, competing directly with Writeup's consulting segment. With ¥100+ billion market cap, OBIC has greater financial resources but focuses more on software solutions than Writeup's training and content services. Writeup's wholesale IT tools business provides diversification OBIC lacks.
  • Nomura Research Institute, Ltd. (4307.T): NRI is a premier Japanese consulting and IT services firm with ¥600+ billion revenue, competing in Writeup's consulting space. NRI's global reach and research capabilities far exceed Writeup's, but Writeup's training services and local SME focus provide differentiation. NRI's scale makes it formidable for large projects.
  • CyberAgent, Inc. (4751.T): CyberAgent competes in web content production, overlapping with Writeup's services. With ¥500+ billion market cap, CyberAgent dominates digital advertising and media, making it a strong competitor for premium content projects. Writeup's smaller scale may allow for more personalized service in niche segments.
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