Employees: 362
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | ¥6.98B | ¥5.11B | ¥2.82B | ¥1.45B |
| Capital expenditure | n/a | ¥209M | ¥482M | ¥180M | ¥640M |
| Total debt | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
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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 | 3661.T | Peer median | Rank 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 margin | 15.7% | 6.3% | 3rd highest of 21 |
| Forward P/E | 19.3× | 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 pp | 2nd least demanding of 11 |
| EV / EBITDA | 9.5× | 7.4× | 3rd most expensive of 9 |
| Net debt / EBITDA | -2.8× | -0.5× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| m-up 3661.T | Japan | $413M | +24% | +22% | 16% | 19.3× | -7.5% | +20.8% |
| Beijing Haohan Data Technology 688292.SS | China | $408M | -23% | +6% | -12% | n/a | n/a | n/a |
| Computer Engineering & Consulting 9692.T | Japan | $420M | +5% | +18% | 11% | 10.6× | -18.5% | +6.5% |
| Smaregi 4431.T | Japan | $421M | +42% | +21% | 26% | 22.4× | -3.2% | +32.0% |
| init innovation in traffic systems IXX.DE | Germany | $404M | -37% | +33% | 10% | 16.3× | 1.1% | +12.8% |
| Comp CMP.WA | Poland | $427M | +64% | +7% | 11% | 22.5× | 6.0% | +3.3% |
| Lians Technology 300051.SZ | China | $399M | -57% | -50% | -114% | 7.6× | n/a | n/a |
| Carlsmed CARL | United States | $396M | +48% | +65% | -61% | n/a | n/a | n/a |
| Weihai Huadong Automation 002248.SZ | China | $396M | -34% | +1% | 8% | n/a | 36.8% | +10.1% |
| Tsuzuki Denki 8157.T | Japan | $395M | +9% | +8% | 7% | n/a | -9.2% | -2.9% |
| CI&T CINT | United States | $394M | -21% | +20% | 11% | 7.6× | -4.4% | +21.4% |
| Yidu Tech 2158.HK | Hong Kong | $392M | -53% | +17% | -11% | 30.6× | 2.9% | -1.9% |
| HCR 688500.SS | China | $391M | -28% | +5% | -17% | n/a | n/a | n/a |
| Altia Consultores ALC.MC | Spain | $444M | -17% | +23% | 8% | n/a | n/a | n/a |
| Shanghai Newtouch Software 688590.SS | China | $454M | -28% | +5% | -7% | 134.5× | n/a | n/a |
| BizConf Technology 300578.SZ | China | $373M | -41% | -3% | -13% | 97.8× | n/a | n/a |
| Beijing Jingyeda Technology 003005.SZ | China | $458M | -26% | +26% | -21% | n/a | n/a | n/a |
| ChinaEtek Service and Technology 301208.SZ | China | $369M | -25% | +47% | 3% | n/a | n/a | n/a |
| JFE Systems 4832.T | Japan | $369M | -2% | -14% | 11% | n/a | -19.0% | +4.3% |
| Business Engineering 4828.T | Japan | $463M | +1% | +16% | 26% | 15.6× | -6.5% | +6.7% |
| CSE Global 544.SI | Singapore | $467M | -45% | +25% | 5% | 13.5× | n/a | n/a |