Company profile

SYSTEM RESEARCH CO.,LTD.

EDINET
E05487
Securities
3771
Industry
Information & Communication
Latest annual securities report
2026-06-24 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-06-25 Extraordinary Report PDF HTML
Compare this company

Industry position

Information & Communication

View details
Profitability Strong Current Top 28% 5-year trend Broadly stable
Financial strength Above average Based on Equity ratio Current Top 44% 5-year trend Improving
Growth Above average Current Top 36% 5-year trend Broadly stable
Cash generation Average Current Top 46% 5-year trend Broadly stable

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥29.08 billion, up 12.2% year over year. Operating income was ¥3.47 billion, up 15.8% year over year. Operating margin was 11.9%. Net income was ¥2.61 billion, up 19.0% year over year. ROE was 19.4%; equity ratio was 69.1%; free cash flow was ¥1.56 billion.

Revenue ¥29.08B up 12.2% year over year
Operating income ¥3.47B up 15.8% year over year
Net income ¥2.61B up 19.0% year over year
Total assets¥19.46B
Total equity—
Operating cash flow¥2.5B
Free cash flow¥1.56B

Industry position details

Information & Communication

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Strong

Operating margin Top 38% / ROE Top 19%

Financial strength Above average
Based on Equity ratio

Equity ratio Top 44%

Growth Above average

Revenue growth Top 36% / 3-year revenue CAGR Top 36%

Cash generation Average

Operating cash flow margin Top 48% / Free cash flow margin Top 45%

Profitability Industry position history Broadly stable
2026 Top 28% 2025 Top 30% 2024 Top 27% 2023 Top 28% 2022 Top 29%
Financial strength Industry position history Improving
2026 Top 44% 2025 Top 43% 2024 Top 47% 2023 Bottom 50% 2022 Bottom 46%
Growth Industry position history Broadly stable
2026 Top 36% 2025 Top 37% 2024 Top 42% 2023 Top 31% 2022 Top 33%
Cash generation Industry position history Broadly stable
2026 Top 46% 2025 Bottom 49% 2024 Top 40% 2023 Top 40% 2022 Bottom 48%
Profitability Operating margin 11.9% Industry median 8.9% Top 38% Comparison sample 344
Profitability ROE 19.4% Industry median 11.4% Top 19% Comparison sample 347
Financial strength Equity ratio 69.1% Industry median 66.2% Top 44% Comparison sample 347
Growth Revenue growth +12.2% Industry median +8.7% Top 36% Comparison sample 329
Growth 3-year revenue CAGR +10.5% Industry median +7.9% Top 36% Comparison sample 278
Cash generation Operating cash flow margin 8.6% Industry median 8.2% Top 48% Comparison sample 344
Cash generation Free cash flow margin 5.4% Industry median 4.1% Top 45% Comparison sample 344

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Consolidated Japanese GAAP 29083482000 3470309000 3551517000 2610952000 2610952000 2614121000 19458796000 5973717000 13485078000 13457292000 13485078000 2502740000 -942318000 -1334272000 1560422000 8429775000 157.49 10.6 1669.394 27912267680.000 811.75 16720000 0.6930068027 0.691 0.1936178641 0.134178497 0.1193223356 0.1221145735 0.089774395 0.0860536575 0.0536532042 0.1215508775 0.1577120443 0.1583310068 0.1897165771 0.1102578194 0.1399950647 0.2166983553 0.1730483682 -0.2888565613 0.7007602304 0.0275669564 0.1904905889 0.0 0.057277628 1569
FY2025 Consolidated Japanese GAAP 25931487000 2997558000 3066064000 2194600000 2194600000 2195651000 17526376000 5697309000 11829067000 11804450000 11829067000 2056993000 -1139508000 -1035237000 917485000 8203626000 132.29 11.7 1547.793 25879098960.000 712.94 16720000 0.6749294321 0.673 0.1855260436 0.1252169872 0.1155952993 0.1182371069 0.084630704 0.0793241437 0.0353811179 0.1119653605 0.1086713621 0.1072876497 0.1143597332 0.0855109202 0.1239813057 -0.1632396121 -0.2296340259 -0.8943210825 -0.4009540493 -0.0141505409 0.12290977 1.0 0.0291262136 1484
FY2024 Consolidated Japanese GAAP 23320409000 2703739000 2768986000 1969382000 1969382000 1974042000 16145739000 5621483000 10524256000 10500689000 10524256000 2458282000 -926705000 -546495000 1531577000 8321378000 117.81 13.8 1625.778 13591504080.000 628.67 8360000 0.6518286961 0.65 0.1871279072 0.1219753397 0.115938747 0.1187365968 0.0844488619 0.1054133313 0.0656753919 0.0818479718 0.0808453634 0.1006326782 0.2296655946 0.1384863471 0.1520059127 0.3680980332 -2.3908596937 -0.0893863101 0.0052580591 0.1342749619 -0.3851573509 0.0 0.0525547445 1442
FY2023 Consolidated Japanese GAAP 21556087000 2501504000 2515813000 1601559000 1601559000 1502937000 14181759000 5046167000 9135592000 9116686000 9135592000 1796861000 -273295000 -501654000 1523566000 7336297000 191.61 10.9 2088.549 17460269640.000 1091.55 8360000 0.6441790472 0.643 0.1753098212 0.1129309136 0.1160462936 0.1167100968 0.0742972971 0.0833574758 0.0706791543 0.171178551 0.2036443685 0.1903313872 0.0733396018 0.1006702778 0.1230953181 0.3959606459 -0.0732181425 0.0476449024 0.4755572687 0.1618385382 0.0733251176 0.0 0.0522273425 1370
FY2022 Consolidated Japanese GAAP 18405466000 2078275000 2113540000 1492127000 1492127000 1471453000 12884657000 4750359000 8134298000 8016769000 8134298000 1287186000 -254650000 -526751000 1032536000 6314386000 178.52 10.4 1856.608 15521242880.000 972.05 8360000 0.6313166117 0.63 0.1834364809 0.1158064976 0.1129161848 0.1148321917 0.0810697757 0.0699349856 0.0560994218 0.1390839163 0.3261671502 0.329522966 0.3698903171 0.1503990612 0.1383982034 0.1846247436 -0.7670406839 -0.130005642 0.0955684343 0.0870749967 0.3698588091 0.0 0.2066728452 1302
FY2021 Consolidated Japanese GAAP 16158130000 1567129000 1589698000 1089231000 1089231000 1268961000 11200163000 4054774000 7145389000 7007186000 7145389000 1086577000 -144111000 -466149000 942466000 5808602000 130.32 15.9 2072.088 17322655680.000 853.96 8360000 0.6379718759 0.637 0.1524383067 0.0972513525 0.0969870276 0.0983837857 0.067410709 0.0672464574 0.0583276654 -0.0057130733 -0.0904907521 -0.0849626778 -0.1198602741 0.0474675456 0.1352104195 -0.1699144534 -1.8285344168 -0.4911471445 -0.2508487375 0.0893269958 -0.1198162907 0.0 0.079 1079
FY2020 Consolidated Japanese GAAP 16250973000 1723049000 1737304000 1237566000 1237566000 1167427000 10692611000 4398280000 6294330000 6335858000 6294330000 1308994000 -50949000 -312611000 1258045000 5332285000 148.06 9.3 1376.958 11511368880.000 752.39 8360000 0.5886616468 0.588 0.196616002 0.1157402995 0.106027436 0.1069046143 0.0761533479 0.0805486539 0.0774135186 0.1483422358 0.334097017 0.3353984702 0.3446747202 0.1199812425 0.1704179813 0.185691563 0.2850166295 -0.6959220099 0.2181706211 0.2155148577 -0.3276723277 1.0 0.0604453871 1000
FY2019 Consolidated Japanese GAAP 14151681000 1291547000 1300963000 920346000 920346000 919771000 9547134000 4169286000 5377848000 5349236000 5377848000 1103992000 -71259000 -184331000 1032733000 4386853000 220.22 13.3 2928.926 12242910680.000 1285.82 4180000 0.5632944924 0.562 0.1711364843 0.0964002391 0.0912645643 0.0919299269 0.0650343941 0.0780113684 0.0729759949 0.1128956307 0.3127452096 0.3155897266 0.3808890783 0.1085135596 0.1522497466 -0.0387983499 -0.0457427137 0.3763246221 -0.0441303873 0.2397664967 0.3809493949 0.0595505618 943
FY2018 Consolidated Japanese GAAP 12716090000 983852000 988882000 666488000 666488000 715323000 8612555000 3945295000 4667259000 4638072000 4667259000 1148554000 -68142000 -295556000 1080412000 3538451000 159.47 13.8 2200.686 1116.06 0.5419134043 0.541 0.1428007316 0.0773856306 0.0773706383 0.0777662001 0.0524129666 0.0903228901 0.0849641674 0.1019731298 0.0483004642 0.0691772083 0.0396833939 0.1253721218 0.1273104113 4.8493748568 0.4828324226 -1.2133223499 15.7259385401 0.2850295704 0.0397053071 0.0633213859 890
FY2017 Consolidated Japanese GAAP 11539383000 938521000 924900000 641049000 641049000 662205000 7653073000 3512900000 4140172000 4159821000 4140172000 196355000 -131760000 -133535000 64595000 2753595000 153.38 13.5 2070.630 989.98 0.5409816423 0.54 0.1548363208 0.0837636071 0.0813319915 0.0801515991 0.0555531435 0.0170160744 0.0055977863 0.1025804342 0.0864397754 0.0913725051 0.1393509928 0.0773478547 0.1489805026 -0.7852076547 -1.017578783 -0.1974514868 -0.9239034654 -0.0244248521 0.1393552221 0.0244798042 837

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp