EM SYSTEMS CO.,LTD.

4820・Prime Market・Information & Communication

Official website

EM SYSTEMS CO.,LTD.

4820・Prime Market・Information & Communication

Official website

EM SYSTEMS CO.,LTD.4820

Reference Indicators

Market Cap

367¥100M

P/E (Forecast)

—

P/B

1.8x

Dividend Yield (Forecast)

4.42%

ROE

12.0%

EV/EBITDA

5.9x

Financial Summary

Unit: ¥M

Item	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net Sales	14,436	16,919	20,355	24,837	23,658
Cost of Sales	7,345	8,644	10,433	11,275	11,779
Gross Profit	7,090	8,275	9,921	13,561	11,879
SG&A Expenses	5,219	5,879	7,591	9,097	8,202
Operating Income	1,870	2,395	2,330	4,464	3,676
Non-operating Income	1,219	1,083	1,012	1,150	1,106
Non-operating Expenses	482	687	473	430	470
Ordinary Income	2,607	2,791	2,869	5,184	4,313
Extraordinary Income	0	—	33	—	0
Extraordinary Losses	8	2	152	1,489	689
Pre-tax Income	2,599	2,789	2,750	3,694	3,624
Income Taxes	787	914	766	1,246	1,160
Net Income	1,829	1,893	1,962	2,425	2,452
EBITDA	2,843	3,365	3,788	6,028	4,971
Gross Margin	49.1%	48.9%	48.7%	54.6%	50.2%
Operating Margin	13.0%	14.2%	11.4%	18.0%	15.5%
ROA	7.4%	7.2%	6.7%	7.7%	8.9%
ROE	10.1%	9.9%	9.8%	11.8%	12.0%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
調剤システム事業	19,218	3,967	20.6%
医科システム事業	2,879	32	1.1%
介護／福祉システム事業	566	-378	-66.8%
その他	994	28	2.8%