Company profile

System D Inc.

EDINET
E05516
Securities
3804
Industry
Information & Communication
Latest annual securities report
2026-01-28 Annual Securities Report PDF HTML
Latest financial report
2026-06-15 Semiannual Securities Report PDF HTML
Latest filing
—
Compare this company

Industry position

Information & Communication

View details
Profitability Above average Current Top 32% 5-year trend Deteriorating
Financial strength Above average Based on Equity ratio Current Top 36% 5-year trend Broadly stable
Growth Below average Current Bottom 39% 5-year trend Broadly stable
Cash generation Above average Current Top 31% 5-year trend Broadly stable

Latest half-year results

H1 FY2026

2025/11/01 - 2026/04/30

Standalone · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥3.03 billion, up 8.2% year over year. Operating income was ¥652.09 million, up 0.0% year over year. Net income was ¥410.19 million, down 8.1% year over year.

Revenue ¥3.03B up 8.2% year over year
Operating income ¥652.09M up 0.0% year over year
Net income ¥410.19M down 8.1% year over year
Operating cash flow ¥830.6M
Free cash flow ¥25.13M
Total assets ¥7.61B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Standalone · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Standalone Japanese GAAP

Revenue reached ¥4.83 billion, up 8.4% year over year. Operating income was ¥879.74 million, up 9.1% year over year. Operating margin was 18.2%. Net income was ¥627.89 million, up 12.9% year over year. ROE was 12.5%; equity ratio was 68.6%; free cash flow was ¥336.83 million.

Revenue ¥4.83B up 8.4% year over year
Operating income ¥879.74M up 9.1% year over year
Net income ¥627.89M up 12.9% year over year
Total assets¥7.32B
Total equity—
Operating cash flow¥1.08B
Free cash flow¥336.83M

Industry position details

Information & Communication

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Above average

Operating margin Top 21% / ROE Top 44%

Financial strength Above average
Based on Equity ratio

Equity ratio Top 36%

Growth Below average

Revenue growth Bottom 58% / 3-year revenue CAGR Bottom 66%

Cash generation Above average

Operating cash flow margin Top 20% / Free cash flow margin Top 42%

Profitability Industry position history Deteriorating
2025 Top 32% 2024 Top 30% 2023 Top 22% 2022 Top 19% 2021 Top 17%
Financial strength Industry position history Broadly stable
2025 Top 42% 2024 Top 47% 2023 Top 47% 2022 Bottom 42% 2021 Top 45%
Growth Industry position history Broadly stable
2025 Bottom 43% 2024 Bottom 29% 2023 Top 46% 2022 Top 47% 2021 Bottom 43%
Cash generation Industry position history Broadly stable
2025 Top 27% 2024 Top 6% 2023 Top 31% 2022 Top 44% 2021 Top 22%
Profitability Operating margin 18.2% Industry median 8.5% Top 21% Comparison sample 262
Profitability ROE 12.5% Industry median 11.1% Top 44% Comparison sample 262
Financial strength Equity ratio 68.6% Industry median 60.4% Top 36% Comparison sample 262
Growth Revenue growth +8.4% Industry median +10.0% Bottom 58% Comparison sample 245
Growth 3-year revenue CAGR +5.3% Industry median +9.3% Bottom 66% Comparison sample 196
Cash generation Operating cash flow margin 22.3% Industry median 9.2% Top 20% Comparison sample 262
Cash generation Free cash flow margin 7.0% Industry median 3.8% Top 42% Comparison sample 262

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
FY2025 Standalone Japanese GAAP 4829304000 879735000 883217000 627894000 627894000 647703000 7315891000 2300364000 5015527000 4992027000 5015527000 1077824000 -740995000 -261671000 336829000 2100894000 96.47 20.22 1950.6234 12675150853.2000 782.04 28.0 6498000 0.685566119 0.6856 0.1251900349 0.0858260463 0.1821660016 0.1828870164 0.1300174932 0.2231841276 0.0697469035 0.2902456722 0.0842702696 0.0911076466 0.0936385193 0.1294154468 0.0560631211 0.1088470507 -0.2831419737 -0.8592551889 0.0189961685 -0.6951759963 0.0371010649 0.1396337862 0.1666666667 0.0 0.036900369 0.007301749 281 5932000
FY2024 Standalone Japanese GAAP 4453967000 806277000 807595000 555946000 555946000 551476000 6927513000 2404322000 4523191000 4519500000 4523191000 1503539000 -398544000 -266738000 1104995000 2025737000 84.65 15.72 1330.6980 8646875604.0000 705.77 24.0 6498000 0.6529314344 0.6529 0.1229101314 0.0802518884 0.1810244665 0.1813203825 0.1248204129 0.3375729995 0.2480923186 0.283520378 -0.0285059493 -0.1193080533 -0.1189693317 -0.1213118382 0.1164550254 0.0966063854 0.6699809959 0.4160270781 -0.0426295381 4.0719718355 0.7059110841 -0.1660098522 0.0434782609 0.0 0.0423076923 0.0179775281 271 5889000
FY2023 Standalone Japanese GAAP 4584657000 915504000 916648000 632700000 632700000 642197000 6204919000 2080201000 4124717000 4116556000 4124717000 900333000 -682470000 -255832000 217863000 1187481000 101.5 12.86 1305.290 8481774420.000 644.21 23.0 6498000 0.6647495318 0.6647 0.1533923418 0.1019674874 0.1996886572 0.1999381851 0.1380037809 0.1963795765 0.0475200217 0.2266009852 0.1092224289 0.0263486252 0.0254445952 0.0695015416 0.0567428054 0.1478559363 -0.2306490066 0.5408728576 -1.629329791 1.6890016161 -0.0309837203 0.113671275 0.15 0.0 0.0526315789 0.0595238095 260 5785000
FY2022 Standalone Japanese GAAP 4133217000 892001000 893903000 591584000 591584000 595682000 5871740000 2278330000 3593410000 3594747000 3593410000 1170250000 -1486451000 406515000 -316201000 1225450000 91.14 16.34 1489.2276 9677000944.8000 561.23 20.0 6498000 0.6119838412 0.612 0.1646302537 0.1007510551 0.2158127676 0.2162729419 0.1431291897 0.2831329688 -0.0765023951 0.2194426158 0.0941455828 0.1128853767 0.1136702281 0.0313492631 0.2539663353 0.1513192042 0.3481506058 -2.1094439006 2.1881366087 -1.8107780316 0.0795622727 0.0294815317 0.1111111111 0.0 0.0881057269 0.012987013 247 5460000
FY2021 Standalone Japanese GAAP 3777575000 801521000 802664000 573602000 573602000 571209000 4682534000 1561409000 3121124000 3126559000 3121124000 868041000 -478044000 -342145000 389997000 1135136000 88.53 15.45 1367.7885 8887889673.0000 487.46 18.0 6498000 0.6665459343 0.6665 0.1837805867 0.1224982029 0.2121787125 0.2124812876 0.151843974 0.229787893 0.1032400416 0.2033209082 -0.0025022108 0.109277971 0.1071746813 0.1231989912 0.0251552554 0.0379669294 -0.2275889009 0.132565537 -0.7245037852 -0.3190275639 0.0440096203 0.1334016131 0.2857142857 0.0 0.0460829493 -0.0178571429 227 5390000
FY2020 Standalone Japanese GAAP 3787051000 722561000 724966000 510686000 510686000 508600000 4567634000 1560675000 3006959000 3010000000 3006959000 1123807000 -551101000 -198402000 572706000 1087285000 78.11 20.88 1630.9368 10597827326.4000 463.12 14.0 6498000 0.6583187269 0.6583 0.1698347068 0.1118053679 0.1907978002 0.191432859 0.1348505737 0.2967498985 0.1512274326 0.179234413 0.083862402 0.344885029 0.3439706648 0.3334047009 0.1078262262 0.1714286716 0.4490096948 0.0500911814 0.076405279 1.930836664 0.5249823979 0.3016163973 0.4 0.0 0.0533980583 0.035276363 217 5488000
FY2019 Standalone Japanese GAAP 3494033000 537266000 539421000 382994000 382994000 383019000 4123060000 1556143000 2566916000 2567871000 2566916000 775569000 -580162000 -214815000 195407000 712982000 60.01 12.1 726.121 4718334258.000 395.34 10.0 6498000 0.6225754658 0.6226 0.1492039475 0.0928907171 0.1537667217 0.1543834875 0.1096137329 0.2219695693 0.0559259171 0.1666388935 0.0496657864 0.3468992782 0.3591539004 0.4808281942 0.0663937483 0.1548488367 -0.3074596612 0.1026942588 0.1775369949 -0.5871654026 -0.0265008718 0.4491668679 0.4285714286 0.0198019802 206 5301000
FY2018 Standalone Japanese GAAP 3328710000 398891000 396880000 258635000 258635000 255738000 3866358000 1643629000 2222729000 2223710000 2222729000 1119890000 -646560000 -261185000 473330000 732391000 41.41 17.12 708.9392 342.33 7.0 0.5748895989 0.5749 0.1163592143 0.066893702 0.1198335091 0.1192293711 0.0776982675 0.3364336334 0.1421962262 0.1690412944 -0.1086275712 0.1510942712 0.1619049292 0.0844734977 0.0634112317 0.1173821616 0.0503642871 -1.5588500689 0.538863406 -0.4181675591 0.4077755374 -0.46213794 -0.3 0.0306122449 202
FY2017 Standalone Japanese GAAP 3734365000 346532000 341577000 238489000 238489000 240768000 3635807000 1646577000 1989229000 1987313000 1989229000 1066192000 -252676000 -566394000 813516000 520247000 76.99 15.86 1221.0614 612.74 10.0 0.5471217257 0.5471 0.1198901685 0.0655945159 0.0927954284 0.0914685629 0.0638633342 0.2855082457 0.2178458721 0.1298869983 0.2748579836 1.0085318495 1.0598022071 0.778932293 -0.0282628555 0.1345977689 4.2899365421 0.3851582024 -6.8417632741 4.8848001528 0.904787534 1.08531961 1.0 0.0103092784 196
FY2016 Standalone Japanese GAAP 2929240000 172530000 165830000 134063000 134063000 132067000 3741554000 1988308000 1753246000 1753609000 1753246000 201551000 -410961000 96956000 -209410000 273126000 36.92 20.37 752.0604 540.05 5.0 0.468587651 0.4686 0.0764655958 0.0358308339 0.0588992367 0.056611954 0.0457671614 0.0688065846 -0.0714895331 0.1354279523 194

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