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Japanese IT consulting and systems integration firm serving manufacturing, distribution and public-sector clients.
Japanese IT consulting and systems integration firm serving manufacturing, distribution and public-sector clients.
In one line: A mid-size Japanese IT systems integrator.
Moat: none (process know-how). Competes in a fragmented, price-competitive Japanese IT services market without unique scale.
Headquarters: Tokyo, Japan · Founded: 1970 · Employees: 3,624
Size Future (4722.T) is a Japan Information Technology company (Information Technology Services) with a market value of $1.36B, the 603rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,429 on 6 Nov 2026.
Performance Over six months the shares gained 58.9%, against -19.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 8.1% over the last twelve months (peer median +10.2%); the operating margin is 19.8% (peer median 0.1%).
Valuation It trades at 17.2× forward earnings against a peer median of 44.9× (3rd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 18.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥79.2B | ¥76.0B | ¥69.9B | ¥59.3B | ¥53.7B |
| Revenue growth | — | +9% | +18% | +10% | — |
| Gross profit | ¥35.4B | ¥34.7B | ¥31.7B | ¥28.2B | ¥26.2B |
| EBITDA | ¥19.1B | ¥19.6B | ¥17.4B | ¥15.0B | ¥13.5B |
| Net income | ¥11.6B | ¥11.7B | ¥10.3B | ¥9.22B | ¥9.24B |
| Free cash flow | n/a | ¥7.02B | ¥10.3B | ¥7.40B | ¥10.1B |
| Capital expenditure | n/a | ¥2.03B | ¥1.15B | ¥1.50B | ¥1.77B |
| Total debt | ¥12.9B | ¥15.2B | ¥18.0B | ¥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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Future 4722.T | $1.36B | +59% | +8% | 20% | 17.2× | -5.4% |
| DTS 9682.T | $1.14B | +14% | 0% | 12% | 15.5× | -9.1% |
| NS Solutions 2327.T | $4.43B | +6% | +12% | 12% | 21.3× | -5.1% |
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 | 4722.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.1% | -4.1% | 7th highest of 21 |
| 6-month return | +58.9% | -19.4% | 3rd highest of 20 |
| Distance from 52-week high | -1.7% | -46.3% | highest of 21 |
| Revenue growth (TTM) | +8.1% | +10.2% | 9th lowest of 21 |
| Operating margin | 19.8% | 0.1% | 5th highest of 21 |
| Forward P/E | 17.2× | 44.9× | 3rd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -5.4% | 11.3% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +11.4% | +9.2% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -16.8 pp | +7.0 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +18.8 pp | -7.4 pp | highest of 19 |
| EV / EBITDA | 10.1× | 24.0× | 2nd cheapest of 6 |
| Net debt / EBITDA | -1.1× | 0.1× | 2nd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Future 4722.T | Japan | $1.36B | +59% | +8% | 20% | 17.2× | -5.4% | +11.4% |
| Bytes Technology BYIT.L | United Kingdom | $1.36B | +33% | +10% | 27% | 19.4× | 3.1% | -10.9% |
| Doushen (Beijing) Education & Technology 300010.SZ | China | $1.34B | -15% | +24% | -31% | 31.1× | n/a | n/a |
| ESDS Software Solution ESDS.NS | India | $1.38B | n/a | +31% | 36% | 64.8× | 22.6% | +22.4% |
| Digital China Information Service 000555.SZ | China | $1.39B | -30% | -8% | 0% | 80.2× | n/a | n/a |
| Both Engineering Technology 601133.SS | China | $1.34B | -26% | +14% | 5% | 35.7× | 24.3% | +16.2% |
| Everforth EFOR | United States | $1.41B | +69% | 0% | 6% | 8.3× | -1.5% | +2.6% |
| VSTECS 0856.HK | Hong Kong | $1.42B | -30% | +11% | 2% | 6.4× | -12.2% | +6.9% |
| Bittium BITTI.HE | Finland | $1.31B | -3% | +48% | 22% | 42.4× | 18.4% | +8.8% |
| Quantum Computing QUBT | United States | $1.43B | -34% | +3,635% | -775% | n/a | n/a | n/a |
| Jiangsu Eazytec 688258.SS | China | $1.46B | -33% | 0% | 28% | 47.5× | 40.1% | +11.1% |
| ZW Soft 688083.SS | China | $1.27B | -12% | +2% | -15% | 95.2× | 30.3% | +14.5% |
| Zhejiang Whyis Technology 301218.SZ | China | $1.27B | +147% | +23% | -15% | n/a | n/a | n/a |
| Voyager Technologies VOYG | United States | $1.49B | -19% | +42% | -82% | n/a | n/a | n/a |
| Taiji Computer 002368.SZ | China | $1.24B | -23% | -37% | -27% | n/a | 4.1% | -1.8% |
| Neusoft 600718.SS | China | $1.51B | -3% | -5% | -5% | 37.1× | -6.1% | +9.7% |
| Guangzhou Sie Consulting 300687.SZ | China | $1.52B | 0% | +3% | -3% | 79.8× | n/a | n/a |
| Cetc Potevio Science & Technology 002544.SZ | China | $1.52B | -41% | 0% | 0% | 375.0× | n/a | n/a |
| Shenzhen Forms Syntron Information 300468.SZ | China | $1.52B | -33% | +9% | 9% | n/a | n/a | n/a |
| Black Box BBOX.NS | India | $1.53B | +10% | +12% | 7% | 47.3× | n/a | n/a |
| Shenzhen YSSTech Information Technology 300377.SZ | China | $1.53B | -24% | +14% | -3% | n/a | n/a | n/a |