System D Inc.

3804・Standard Market・Information & Communication

Official website

System D Inc.

3804・Standard Market・Information & Communication

Official website

System D Inc.3804

Reference Indicators

Market Cap

28¥100M

P/E (Forecast)

11.9x

P/B

0.6x

Dividend Yield (Forecast)

2.53%

ROE

13.2%

EV/EBITDA

0.9x

Financial Summary

Unit: ¥M

Item	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025
Net Sales	3,842	4,232	4,736	4,631	5,032
Cost of Sales	2,024	2,279	2,669	2,627	2,851
Gross Profit	1,817	1,953	2,067	2,004	2,180
SG&A Expenses	1,009	1,055	1,153	1,175	1,242
Operating Income	808	897	913	828	938
Non-operating Income	2	2	3	3	7
Non-operating Expenses	1	0	2	1	1
Ordinary Income	809	899	915	830	943
Extraordinary Income	7	—	—	—	12
Extraordinary Losses	19	57	7	15	43
Pre-tax Income	797	841	907	814	913
Income Taxes	224	250	274	258	285
Net Income	573	591	632	555	627
EBITDA	849	941	962	895	1,003
Gross Margin	47.3%	46.2%	43.6%	43.3%	43.3%
Operating Margin	21.0%	21.2%	19.3%	17.9%	18.6%
ROA	12.2%	10.0%	10.1%	8.0%	8.5%
ROE	18.9%	17.7%	16.5%	12.9%	13.2%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
ソフトウェア事業	4,834	1,383	28.6%
その他	197	16	8.1%