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Employees: 1,398
Size SRA (3817.T) is a Japan Information Technology company (Information Technology Services) with a market value of $352M, the 1258th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,500 on 6 Nov 2026.
Performance Over six months the shares gained 0.1%, against -8.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 5.0% over the last twelve months (peer median +10.1%); the operating margin is 15.8% (peer median 5.8%).
Valuation It trades at 10.3× forward earnings against a peer median of 25.1× (2nd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -20% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 35.5 points above its cost of capital (5.1% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥51.4B | ¥53.3B | ¥51.6B | ¥47.1B | ¥42.9B |
| Revenue growth | — | +3% | +10% | +10% | — |
| Gross profit | ¥13.7B | ¥13.7B | ¥13.2B | ¥12.0B | ¥10.8B |
| EBITDA | ¥8.34B | ¥8.46B | ¥8.13B | ¥7.08B | ¥6.16B |
| Net income | ¥5.69B | ¥5.60B | ¥3.38B | ¥4.58B | ¥879M |
| Free cash flow | n/a | ¥4.63B | ¥5.74B | ¥4.05B | ¥5.11B |
| Capital expenditure | n/a | ¥280M | ¥267M | ¥388M | ¥201M |
| Total debt | ¥70.0M | ¥70.0M | ¥70.0M | ¥90.0M | ¥386M |
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 | 3817.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | +0.4% | 10th lowest of 21 |
| 6-month return | +0.1% | -8.5% | 9th highest of 21 |
| Distance from 52-week high | -23.3% | -41.7% | 7th highest of 21 |
| Revenue growth (TTM) | -5.0% | +10.1% | 4th lowest of 21 |
| Operating margin | 15.8% | 5.8% | 6th highest of 21 |
| Forward P/E | 10.3× | 25.1× | 2nd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -20.2% | 0.8% | least demanding of 15 |
| Growth delivered (Del g) | +6.2% | +4.4% | 7th highest of 15 |
| Hurdle (Req g minus delivered) | -26.4 pp | -2.1 pp | least demanding of 15 |
| ROIC minus cost of capital | +35.5 pp | -5.6 pp | 4th highest of 19 |
| EV / EBITDA | 4.1× | 9.0× | cheapest of 12 |
| Net debt / EBITDA | -2.6× | -0.7× | 3rd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SRA 3817.T | Japan | $352M | 0% | -5% | 16% | 10.3× | -20.2% | +6.2% |
| Nanjing TDH Technology 301378.SZ | China | $347M | -26% | -2% | -39% | n/a | n/a | n/a |
| I'LL 3854.T | Japan | $357M | -6% | +8% | 27% | 15.5× | -11.5% | +9.6% |
| Alight ALIT | United States | $347M | -31% | -4% | 0% | 3.4× | 29.4% | -3.7% |
| Sword SWP.PA | France | $360M | +4% | +8% | 9% | 12.0× | -0.1% | +11.0% |
| Telos TLS | United States | $360M | +8% | +66% | -2% | 38.1× | -2.3% | -1.7% |
| Andes Technology 6533.TW | Taiwan | $343M | -12% | +26% | -21% | 61.3× | 24.6% | +20.5% |
| Aurionpro Solutions AURIONPRO.NS | India | $338M | -33% | +12% | 15% | 13.8× | n/a | n/a |
| JFE Systems 4832.T | Japan | $369M | -2% | -14% | 11% | n/a | -19.0% | +4.3% |
| R Systems International RSYSTEMS.NS | India | $336M | -11% | +24% | 13% | 13.6× | 14.7% | +17.3% |
| ChinaEtek Service and Technology 301208.SZ | China | $369M | -25% | +47% | 3% | n/a | n/a | n/a |
| BizConf Technology 300578.SZ | China | $373M | -41% | -3% | -13% | 97.8× | n/a | n/a |
| Softcreate 3371.T | Japan | $328M | +9% | +12% | 18% | n/a | -12.5% | +7.2% |
| NCC NCC.L | United Kingdom | $324M | +18% | -38% | -10% | 28.9× | -4.1% | -2.0% |
| Piesat Information Technology 688066.SS | China | $323M | -55% | -81% | -1,364% | n/a | 52.9% | -12.0% |
| Infotel INF.PA | France | $321M | +3% | +5% | 9% | 12.1× | -14.4% | +4.6% |
| Fixstars 3687.T | Japan | $321M | +23% | +13% | 26% | 25.1× | 26.6% | +10.8% |
| Turn Cloud Technology Service 6870.TWO | Taiwan | $318M | +159% | +35% | 24% | 49.0× | n/a | n/a |
| HCR 688500.SS | China | $391M | -28% | +5% | -17% | n/a | n/a | n/a |
| Yidu Tech 2158.HK | Hong Kong | $392M | -53% | +17% | -11% | 30.6× | 2.9% | -1.9% |
| Soliton Systems K.K 3040.T | Japan | $316M | +51% | +12% | 18% | n/a | 1.8% | +3.7% |