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← CockpitCompetitor Analysis › 3661.T m-up holdings, Inc.Open in the cockpit ↗

m-up holdings, Inc.3661.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Information Technology Services
Momentum leader 90
Mkt cap
$413M
US dollars, full cap
Free float
82%
of shares outstanding
$/day
$2.55M
20-day average traded
Fwd P/E
19.3×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
-28 pp
Req g minus delivered
Next earnings
7 days
13 Nov 2026
Close · JPY¥897
1D-1.4%
1W+3.6%
1M+7.5%
3M+15.7%
6M+24.4%
YTD-1.2%
1Y-9.3%
ATR %2.8%
52w lowhigh14.8% off high

What m-up does

Employees: 362

m-up at a glance

Size m-up (3661.T) is a Japan Information Technology company (Information Technology Services) with a market value of $413M, the 1168th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥897 on 6 Nov 2026.

Performance Over six months the shares gained 24.4%, against -23.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 21.8% over the last twelve months (peer median +16.3%); the operating margin is 15.7% (peer median 6.3%).

Valuation It trades at 19.3× forward earnings against a peer median of 16.3× (6th most expensive of 12).

Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -28 pp: the price already allows for a slowdown.

Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20263661.T 123Peer median 75
Six months, rebased to 100: m-up against the median of its 20 peers (local-currency closes).

m-up financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥33.3B¥31.7B¥25.8B¥18.6B¥15.9B
Revenue growth—+23%+39%+17%—
Gross profit¥9.34B¥8.87B¥7.82B¥6.05B¥5.03B
EBITDA¥5.43B¥5.20B¥4.43B¥3.35B¥2.57B
Net income¥2.78B¥2.97B¥1.67B¥1.48B¥1.09B
Free cash flown/a¥6.98B¥5.11B¥2.82B¥1.45B
Capital expendituren/a¥209M¥482M¥180M¥640M
Total debt¥0¥0¥0¥0¥0

Quarterly statements and history in the cockpit →

m-up competitor charts

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.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%-10%0%+10%68829296924431IXXCMP300051CARL0022488157CINT2158688500ALC688590300578003005301208483248285443661.T6-month return →1-month return →
Up and to the right = strong over both horizons. m-up is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×50×100×96924431IXXCMP300051CINT215868859030057848285443661.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. m-up is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%96924431IXXCMP0022488157CINT2158483248283661.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. m-up is the large dot.

m-up competitors and peer comparison

How m-up compares with its peers

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.

m-up against its 20 peers (data as of 6 Nov 2026)
Measure3661.TPeer medianRank in peer set
1-month return+7.5%-7.9%2nd highest of 21
6-month return+24.4%-23.7%4th highest of 21
Distance from 52-week high-14.8%-42.3%2nd highest of 21
Revenue growth (TTM)+21.8%+16.3%7th highest of 21
Operating margin15.7%6.3%3rd highest of 21
Forward P/E19.3×16.3×6th most expensive of 12
Growth the price implies (Req g, 7 yrs)-7.5%-3.8%4th least demanding of 11
Growth delivered (Del g)+20.8%+6.6%3rd highest of 11
Hurdle (Req g minus delivered)-28.4 pp-12.4 pp2nd least demanding of 11
EV / EBITDA9.5×7.4×3rd most expensive of 9
Net debt / EBITDA-2.8×-0.5×3rd least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
m-up 3661.TJapan$413M+24%+22%16%19.3×-7.5%+20.8%
Beijing Haohan Data Technology 688292.SSChina$408M-23%+6%-12%n/an/an/a
Computer Engineering & Consulting 9692.TJapan$420M+5%+18%11%10.6×-18.5%+6.5%
Smaregi 4431.TJapan$421M+42%+21%26%22.4×-3.2%+32.0%
init innovation in traffic systems IXX.DEGermany$404M-37%+33%10%16.3×1.1%+12.8%
Comp CMP.WAPoland$427M+64%+7%11%22.5×6.0%+3.3%
Lians Technology 300051.SZChina$399M-57%-50%-114%7.6×n/an/a
Carlsmed CARLUnited States$396M+48%+65%-61%n/an/an/a
Weihai Huadong Automation 002248.SZChina$396M-34%+1%8%n/a36.8%+10.1%
Tsuzuki Denki 8157.TJapan$395M+9%+8%7%n/a-9.2%-2.9%
CI&T CINTUnited States$394M-21%+20%11%7.6×-4.4%+21.4%
Yidu Tech 2158.HKHong Kong$392M-53%+17%-11%30.6×2.9%-1.9%
HCR 688500.SSChina$391M-28%+5%-17%n/an/an/a
Altia Consultores ALC.MCSpain$444M-17%+23%8%n/an/an/a
Shanghai Newtouch Software 688590.SSChina$454M-28%+5%-7%134.5×n/an/a
BizConf Technology 300578.SZChina$373M-41%-3%-13%97.8×n/an/a
Beijing Jingyeda Technology 003005.SZChina$458M-26%+26%-21%n/an/an/a
ChinaEtek Service and Technology 301208.SZChina$369M-25%+47%3%n/an/an/a
JFE Systems 4832.TJapan$369M-2%-14%11%n/a-19.0%+4.3%
Business Engineering 4828.TJapan$463M+1%+16%26%15.6×-6.5%+6.7%
CSE Global 544.SISingapore$467M-45%+25%5%13.5×n/an/a

Questions

Which companies are m-up's closest peers?
The cockpit's peer set: Beijing Haohan Data Technology (688292.SS), Computer Engineering & Consulting (9692.T), Smaregi (4431.T), init innovation in traffic systems (IXX.DE), Comp (CMP.WA), Lians Technology (300051.SZ), Carlsmed (CARL), Weihai Huadong Automation (002248.SZ).
Is m-up expensive compared with its peers?
On forward p/e it trades at 19.3× against a peer median of 16.3×, 6th most expensive of 12 in its peer set. For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -28 pp: the price already allows for a slowdown.
How has m-up stock performed?
Over six months to 6 Nov 2026 the shares returned +24.4% against -23.7% for the median peer; over one year -9.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.