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System D 3804.T · JPY

Information Technology · Tokyo Stock Exchange · 🇯🇵 Japan

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+0.23%

Close of 9 Nov 2026, in JPY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in JPY, from our data supplier.

FY2025

Revenue

¥5.03bn

FY2016FY2025

Net income

¥627.9m

FY2016FY2025

Free cash flow

¥1.07bn

FY2016FY2025

Shareholders' equity

¥5.01bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue¥5.03bn¥4.63bn¥4.74bn¥4.23bn¥3.84bn¥3.85bn¥3.57bn¥3.40bn¥3.81bn¥3.11bn
Gross profit¥2.18bn¥2.00bn¥2.07bn¥1.95bn¥1.82bn¥1.76bn¥1.62bn¥1.46bn¥1.30bn¥1.11bn
Research and development¥4.2m—————————
Operating income¥938.2m¥828.7m¥913.9m¥897.7m¥808.2m¥727.3m¥535.8m¥391.2m¥351.0m¥193.3m
Net income¥627.9m¥555.9m¥632.7m¥591.6m¥573.6m¥510.7m¥383.0m¥258.6m¥238.5m¥134.1m
Diluted earnings per share32.6328.9232.9430.8029.8626.2219.6613.2812.246.88

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets¥7.37bn¥6.96bn¥6.25bn¥5.90bn¥4.70bn¥4.58bn¥4.12bn¥3.87bn¥3.66bn¥3.78bn
Cash and short-term investments¥2.50bn¥2.03bn¥1.19bn¥1.23bn¥1.14bn¥1.09bn¥713.0m¥732.4m¥520.2m¥273.1m
Total liabilities¥2.36bn¥2.46bn¥2.15bn¥2.32bn¥1.60bn¥1.59bn¥1.59bn¥1.67bn¥1.68bn¥2.03bn
Debt¥193.4m¥313.4m¥433.4m¥561.7m¥40.3m¥148.6m¥282.0m¥452.0m¥680.9m¥1.23bn
Shareholders' equity¥5.01bn¥4.51bn¥4.09bn¥3.58bn¥3.10bn¥2.98bn¥2.54bn¥2.20bn¥1.98bn¥1.75bn
Shares outstanding19m19m19m19m19m19m19m19m19m19m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations¥1.08bn¥1.50bn¥900.3m¥1.17bn¥868.0m¥1.12bn¥775.6m¥1.12bn¥1.07bn¥201.6m
Capital spending−¥10.2m−¥17.7m−¥197.8m−¥1.10bn−¥25.1m−¥14.9m−¥9.8m−¥215.9m−¥10.7m−¥10.5m
Free cash flow¥1.07bn¥1.49bn¥702.5m¥68.5m¥842.9m¥1.11bn¥765.8m¥904.0m¥1.06bn¥191.0m
Dividends paid−¥141.6m−¥146.8m−¥127.5m−¥114.8m−¥90.6m−¥65.0m−¥44.8m−¥32.2m−¥16.1m−¥9.7m

Latest quarters

By quarter end

Jul 2026Apr 2026Jan 2026Oct 2025Jul 2025Apr 2025Jan 2025Oct 2024
Revenue¥1.15bn¥1.96bn¥1.06bn¥1.29bn¥946.4m¥1.79bn¥1.00bn¥1.35bn
Gross profit¥418.4m¥864.0m¥475.1m¥587.1m¥350.9m¥816.8m¥425.9m¥612.6m
Operating income¥54.2m¥495.0m¥157.1m¥244.9m¥41.2m¥508.4m¥143.6m¥309.4m
Net income¥33.8m¥303.8m¥106.3m¥138.2m¥43.4m¥349.1m¥97.2m¥211.1m
Diluted earnings per share1.7515.785.527.182.2618.155.0510.98
Cash from operations———¥1.08bn————
Capital spending———−¥10.0m————
Free cash flow———¥1.07bn————
Total assets¥7.62bn¥7.61bn¥6.83bn¥7.37bn¥7.21bn¥7.13bn¥6.41bn¥6.96bn
Cash and short-term investments¥3.10bn¥2.90bn¥1.83bn¥2.50bn¥2.78bn¥2.29bn¥1.53bn¥2.03bn
Debt¥103.4m¥133.4m¥120.0m¥193.4m¥120.0m¥253.4m¥120.0m¥120.0m
Shareholders' equity¥5.32bn¥5.27bn¥4.95bn¥5.01bn¥4.87bn¥4.82bn¥4.46bn¥4.51bn

Financial ratios

Data as of 6 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin43.3%43.3%43.6%46.2%47.3%45.6%
Operating margin18.2%17.6%19.2%19.9%20.8%18.9%
Net margin12.5%12.0%13.4%14.0%14.9%13.2%
Return on equity12.5%12.3%15.5%16.5%18.5%17.1%
Return on assets8.5%8.0%10.1%10.0%12.2%11.2%
Free cash flow yield12.5%17.5%12.7%26.2%10.3%13.0%
Revenue growth8.7%-2.2%11.9%10.2%-0.3%8.1%
Earnings growth12.9%-12.1%7.0%3.1%12.3%33.3%
Current ratio1.87x1.60x1.46x1.33x1.55x1.55x
Debt to equity0.04x0.07x0.11x0.16x0.01x0.05x
Equity ratio67.9%64.7%65.5%60.7%66.0%65.2%
Interest coverage492.85x457.67x450.65x863.47x1285.57x464.74x
R&D as a share of sales0.1%—————
Buybacks as a share of market value-0.1%-0.1%0.0%0.0%1.4%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.9%5.5%6.5%
Operating income1.5%5.2%19.6%
Net income2.0%4.2%15.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin43.3%44.0%44.7%42.6%
Operating margin18.3%19.2%19.4%15.7%
Net margin12.3%12.9%13.3%10.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings17.816.713.515.714.819.919.913.013.314.8
Price to sales2.22.01.82.22.22.62.11.00.80.6

Dividends and splits

Per share, in the currency the company pays

Paid for 20 years. Last went ex-dividend on 30 Oct 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year51.0023.0020.0018.0014.0010.007.005.00
  • 2-for-1 split · 25 Apr 2018
  • 1-to-1 reverse split · 1 May 2001

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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