SYSTEM RESEARCH CO.,LTD.

3771・Prime Market・Information & Communication

Official website

SYSTEM RESEARCH CO.,LTD.

3771・Prime Market・Information & Communication

Official website

SYSTEM RESEARCH CO.,LTD.3771

Reference Indicators

Market Cap

305¥100M

P/E (Forecast)

—

P/B

2.2x

Dividend Yield (Forecast)

3.84%

ROE

20.6%

EV/EBITDA

6.2x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	18,405	21,556	23,320	25,931	29,083
Cost of Sales	14,287	16,740	17,962	19,903	22,319
Gross Profit	4,118	4,815	5,357	6,028	6,763
SG&A Expenses	2,039	2,314	2,653	3,030	3,293
Operating Income	2,078	2,501	2,703	2,997	3,470
Non-operating Income	45	22	73	81	94
Non-operating Expenses	10	8	8	12	13
Ordinary Income	2,113	2,515	2,768	3,066	3,551
Extraordinary Income	—	2	—	7	—
Extraordinary Losses	0	365	92	0	45
Pre-tax Income	2,113	2,152	2,676	3,073	3,505
Income Taxes	619	548	704	875	891
Net Income	1,492	1,601	1,969	2,194	2,610
EBITDA	2,197	2,663	2,881	3,203	3,739
Gross Margin	22.4%	22.3%	23.0%	23.2%	23.3%
Operating Margin	11.3%	11.6%	11.6%	11.6%	11.9%
ROA	11.6%	11.3%	12.2%	12.5%	13.4%
ROE	19.5%	18.5%	20.0%	19.6%	20.6%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
ソフトウエア関連	0	0	0.0%