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Employees: 477
Size Smaregi (4431.T) is a Japan Information Technology company (Information Technology Services) with a market value of $421M, the 1158th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,395 on 6 Nov 2026.
Performance Over six months the shares gained 42.0%, against -20.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 20.7% over the last twelve months (peer median +16.3%); the operating margin is 26.2% (peer median 6.3%).
Valuation It trades at 22.4× forward earnings against a peer median of 15.6× (4th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is -35 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 106.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 15 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥13.9B | ¥13.3B | ¥11.1B | ¥8.39B | ¥5.91B |
| Revenue growth | — | +21% | +32% | +42% | — |
| Gross profit | ¥9.27B | ¥8.77B | ¥6.76B | ¥5.14B | ¥3.51B |
| EBITDA | ¥4.42B | ¥3.81B | ¥2.74B | ¥1.96B | ¥1.05B |
| Net income | ¥2.54B | ¥2.23B | ¥1.65B | ¥1.21B | ¥888M |
| Free cash flow | n/a | ¥2.74B | ¥1.95B | ¥1.43B | ¥917M |
| Capital expenditure | n/a | ¥697M | ¥675M | ¥365M | ¥180M |
| Total debt | ¥100M | ¥100M | ¥100M | ¥0 | ¥0 |
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 | 4431.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.2% | -6.3% | 8th lowest of 21 |
| 6-month return | +42.0% | -20.1% | 3rd highest of 21 |
| Distance from 52-week high | -18.0% | -41.9% | 5th highest of 21 |
| Revenue growth (TTM) | +20.7% | +16.3% | 8th highest of 21 |
| Operating margin | 26.2% | 6.3% | highest of 21 |
| Forward P/E | 22.4× | 15.6× | 4th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | -3.2% | -1.6% | 6th least demanding of 12 |
| Growth delivered (Del g) | +32.0% | +6.7% | highest of 12 |
| Hurdle (Req g minus delivered) | -35.2 pp | -11.7 pp | least demanding of 12 |
| ROIC minus cost of capital | +106.5 pp | -0.8 pp | 2nd highest of 19 |
| EV / EBITDA | 13.3× | 8.0× | most expensive of 10 |
| Net debt / EBITDA | -1.7× | -1.1× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Smaregi 4431.T | Japan | $421M | +42% | +21% | 26% | 22.4× | -3.2% | +32.0% |
| Computer Engineering & Consulting 9692.T | Japan | $420M | +5% | +18% | 11% | 10.6× | -18.5% | +6.5% |
| Comp CMP.WA | Poland | $427M | +64% | +7% | 11% | 22.5× | 6.0% | +3.3% |
| 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 |
| init innovation in traffic systems IXX.DE | Germany | $404M | -37% | +33% | 10% | 16.3× | 1.1% | +12.8% |
| Altia Consultores ALC.MC | Spain | $444M | -17% | +23% | 8% | n/a | n/a | n/a |
| 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% |
| Shanghai Newtouch Software 688590.SS | China | $454M | -28% | +5% | -7% | 134.5× | n/a | n/a |
| HCR 688500.SS | China | $391M | -28% | +5% | -17% | n/a | n/a | n/a |
| Beijing Jingyeda Technology 003005.SZ | China | $458M | -26% | +26% | -21% | n/a | n/a | n/a |
| 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 |
| CRESCO 4674.T | Japan | $471M | +36% | +10% | 10% | 13.7× | -1.6% | +10.2% |
| Guangdong TianYiMa Information Industry 301178.SZ | China | $472M | -13% | +100% | 1% | n/a | 37.4% | +5.5% |
| Troy Information Technology 300366.SZ | China | $474M | -19% | -56% | -80% | n/a | n/a | n/a |