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Employees: 5,301
Size Systena (2317.T) is a Japan Information Technology company (Information Technology Services) with a market value of $1.02B, the 730th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥443 on 6 Nov 2026.
Performance Over six months the shares gained 4.0%, against +9.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 6.5% over the last twelve months (peer median +3.8%); the operating margin is 15.9% (peer median 1.0%).
Valuation It trades at 14.5× forward earnings against a peer median of 18.4× (2nd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 71.0 points above its cost of capital (5.3% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥96.3B | ¥94.4B | ¥83.6B | ¥76.9B | ¥74.5B |
| Revenue growth | — | +13% | +9% | +3% | — |
| Gross profit | ¥25.7B | ¥24.8B | ¥21.0B | ¥18.1B | ¥18.4B |
| EBITDA | ¥15.9B | ¥15.8B | ¥12.5B | ¥10.3B | ¥10.3B |
| Net income | ¥11.2B | ¥11.3B | ¥8.48B | ¥7.23B | ¥7.32B |
| Free cash flow | ¥10.9B | ¥12.9B | ¥7.70B | ¥8.82B | ¥6.52B |
| Capital expenditure | ¥262M | ¥486M | ¥318M | ¥341M | ¥1.16B |
| Total debt | ¥1.59B | ¥1.60B | ¥1.55B | ¥1.55B | ¥1.55B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2317.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.5% | -1.1% | 8th highest of 21 |
| 6-month return | +4.0% | +9.2% | 10th lowest of 21 |
| Distance from 52-week high | -20.2% | -41.2% | 8th highest of 21 |
| Revenue growth (TTM) | +6.5% | +3.8% | 9th highest of 21 |
| Operating margin | 15.9% | 1.0% | 4th highest of 21 |
| Forward P/E | 14.5× | 18.4× | 2nd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -10.9% | 11.3% | least demanding of 14 |
| Growth delivered (Del g) | +9.2% | +10.3% | 7th highest of 13 |
| Hurdle (Req g minus delivered) | -20.1 pp | -0.3 pp | least demanding of 13 |
| ROIC minus cost of capital | +71.0 pp | -4.6 pp | 2nd highest of 20 |
| EV / EBITDA | 8.3× | 10.5× | cheapest of 10 |
| Net debt / EBITDA | -1.9× | -0.6× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Systena 2317.T | Japan | $1.02B | +4% | +6% | 16% | 14.5× | -10.9% | +9.2% |
| China Reform Health Management & Services 000503.SZ | China | $1.03B | -11% | +6% | -45% | n/a | n/a | n/a |
| Shenzhen Das Intellitech 002421.SZ | China | $996M | +5% | -17% | -17% | n/a | 14.8% | -8.8% |
| Rapid7 RPD | United States | $989M | +113% | 0% | 2% | 7.7× | 21.4% | +15.9% |
| Grid Dynamics GDYN | United States | $1.05B | +88% | +7% | 4% | 21.8× | 27.8% | +29.9% |
| Wonders Information 300168.SZ | China | $1.05B | -16% | +3% | -17% | 487.0× | 51.6% | -7.6% |
| Shanghai Ganglian E-Commerce 300226.SZ | China | $979M | -21% | +1% | 0% | 19.9× | 6.1% | +3.9% |
| E2E Networks E2E.NS | India | $1.06B | +49% | +252% | 28% | 60.1× | n/a | n/a |
| Strait Innovation Internet 300300.SZ | China | $964M | -23% | -8% | -66% | n/a | n/a | n/a |
| Nanjing Sciyon Wisdom Technology 002380.SZ | China | $957M | -22% | +7% | 12% | 16.2× | 11.3% | +17.4% |
| 4DMedical 4DX.AX | Australia | $952M | -33% | +21% | -814% | n/a | n/a | n/a |
| Insigma Technology 600797.SS | China | $943M | -28% | -13% | 0% | n/a | 20.0% | -2.9% |
| Asseco South Eastern Europe ASE.WA | Poland | $940M | +20% | +7% | 16% | 16.0× | -0.9% | +11.9% |
| Northsand,Inc 446A.T | Japan | $1.11B | +99% | +60% | 21% | 26.0× | 2.3% | n/a |
| Nagarro NA9.DE | Germany | $1.12B | +78% | +1% | 8% | 16.9× | 3.8% | +18.4% |
| Tanla Platforms TANLA.NS | India | $915M | +14% | +18% | 14% | 14.6× | 15.0% | +13.5% |
| DTS 9682.T | Japan | $1.14B | +14% | 0% | 12% | 15.5× | -9.1% | +8.4% |
| ArcherMind Technology 300598.SZ | China | $906M | -24% | +7% | -5% | n/a | n/a | n/a |
| Chutian Dragon 003040.SZ | China | $869M | -15% | -23% | -7% | 40.5× | n/a | n/a |
| Addnode ANOD-B.ST | Sweden | $859M | +35% | +5% | 10% | 16.0× | 4.5% | +8.8% |
| Shanghai Fengyuzhu Culture Technology 603466.SS | China | $1.21B | +40% | -23% | -4% | 74.3× | n/a | n/a |