JUSTSYSTEMS CORPORATION
4686・Prime Market・Information & Communication
JUSTSYSTEMS CORPORATION (Single Segment: Software-Related Business)
A single-segment company operating software businesses for individuals and corporations
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (full year) | ¥51,515 million | ¥44,551 million | ↑ |
| Operating income (full year) | ¥22,492 million | ¥18,034 million | ↑ |
| Ordinary income (full year) | ¥23,101 million | ¥18,159 million | ↑ |
| Profit attributable to owners of parent (full year) | ¥15,092 million | ¥12,327 million | ↑ |
| Operating margin (full year) | 43.7% | 40.5% | ↑ |
| Stock business revenue ratio (full year) | 71.4% | 74.8% (prior period) | ↓ |
| Stock business revenue (full year) | ¥36,776 million | — | ↑ |
| Individual-focused business revenue (full year) | ¥33,173 million | — | ↑ |
| Corporate-focused business revenue (full year) | ¥18,342 million | — | ↑ |
| Equity ratio (period-end) | 87.0% | 86.8% | ↑ |
| Earnings per share (full year) | ¥234.99 | ¥191.94 | ↑ |
| Net assets per share (period-end) | ¥1,848.04 | ¥1,635.30 | ↑ |
| Annual dividend per share | ¥27.00 | ¥22.00 | ↑ |
| Cash flow from operating activities (full year) | ¥19,626 million | ¥15,022 million | ↑ |
| Cash and cash equivalents at period-end | ¥64,901 million | ¥60,569 million | ↑ |
Business Details
The Group is a single-segment company that plans, develops, and provides software and related services. For individuals, it offers products such as Smile Zemi, ATOK Passport, and Ichitaro, while for corporations it offers JUST.DB, JUST.SFA, Smile Next, and others. The company has a high proportion of subscription-based stock business, with stock business revenue accounting for 71.4% of total company revenue in FY2026 (ending March 2026). It maintains a strong financial foundation with zero interest-bearing debt.
Recent Overview
In FY2026 (ending March 2026), revenue and profit at every level reached record highs, with the corporate-focused business growing 34.8% year on year
In FY2026 (ending March 2026, full year), the company achieved significant profit growth at every level, with revenue of ¥51,515 million (up 15.6% year on year), operating income of ¥22,492 million (up 24.7%), ordinary income of ¥23,101 million (up 27.2%), and profit attributable to owners of parent of ¥15,092 million (up 22.4%). The individual-focused business grew 7.2% year on year to ¥33,173 million, while the corporate-focused business grew 34.8% to ¥18,342 million, with the corporate business driving overall growth. Stock business revenue was ¥36,776 million (up 10.4%), accounting for 71.4% of total company revenue. Extraordinary losses included a software valuation loss of ¥935 million and head office relocation expenses of ¥328 million. The annual dividend was increased to ¥27 (from ¥22 in the prior period). The earnings forecast for FY2027 (ending March 2027) has not been disclosed, as the company considers it difficult to reasonably calculate.
Key Products
Growth Drivers
- High growth in the corporate-focused business (up 34.8% year on year in FY2026 (ending March 2026)), leading to improved mix and profitability
- Continued expansion of the stock business (subscription) (¥36,776 million in FY2026 (ending March 2026), up 10.4% year on year)
- Expansion of the customer base through the introduction of the AI feature "Coachez" into Smile Zemi and the expansion of grade levels for the US-targeted service
- Capturing no-code DX demand through the integration of generative AI into JUST.DB
- Ample capacity for aggressive development investment backed by a strong financial foundation with zero interest-bearing debt and an equity ratio of 87.0%
- Improved productivity and organizational vitalization through management metrics that emphasize "operating income per employee"
Risks
- Risk of significant short-term fluctuations in the IT industry business environment (the company itself recognizes that reasonable calculation of full-year earnings forecasts is difficult)
- Impact on personal consumption from deterioration in the macroeconomic environment, such as price increases
- Risk of delayed response to intensifying competition and technological changes in the planning and development of new products and services
- Continued cash outflows for software development investment (acquisition of intangible fixed assets) (¥2,954 million in FY2026 (ending March 2026))
- Lack of business diversification effects due to concentration in a single segment
- Risk of impairment of development investments, as seen in the software valuation loss (¥935 million recorded in FY2026 (ending March 2026))
Last updated: June 24, 2026