Loading…
Japanese maker of ERP and accounting software tailored for small and mid-size businesses.
Japanese maker of ERP and accounting software tailored for small and mid-size businesses.
Sells its Bugyo series accounting, payroll and business-management software to small and mid-size firms, shifting from one-off licences toward cloud subscriptions, which brings steady recurring income. Because finance and payroll run on it, customers rarely switch.
In one line: Japan's Sage Group / NetSuite for SMBs.
Moat: narrow (switching costs, installed base, distribution). Deeply embedded ERP systems in SMB back offices create high switching costs and recurring revenue.
Headquarters: Tokyo, Japan · Founded: 1980 · Employees: 1,065
Size OBIC Business Consultants (4733.T) is a Japan Information Technology company (Packaged Software) with a market value of $4.74B, the 252nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥9,951 on 6 Nov 2026.
Performance Over six months the shares gained 62.5%, against +15.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 19 in its peer set.
Growth Revenue grew 12.1% over the last twelve months (peer median +13.5%); the operating margin is 47.2% (peer median 3.2%).
Valuation It trades at 36.1× forward earnings against a peer median of 22.4× (6th most expensive of 15).
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 +12%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 29.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥55.1B | ¥51.4B | ¥47.0B | ¥42.0B | ¥33.7B |
| Revenue growth | — | +9% | +12% | +24% | — |
| Gross profit | ¥46.7B | ¥43.3B | ¥39.2B | ¥34.2B | ¥27.7B |
| EBITDA | ¥26.8B | ¥24.2B | ¥22.3B | ¥19.2B | ¥15.1B |
| Net income | ¥20.0B | ¥18.1B | ¥16.2B | ¥13.8B | ¥11.0B |
| Free cash flow | ¥21.8B | ¥16.9B | ¥17.3B | ¥23.2B | ¥15.3B |
| Capital expenditure | ¥727M | ¥1.56B | ¥1.18B | ¥864M | ¥315M |
| Total debt | n/a | ¥0 | ¥0 | ¥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 |
|---|---|---|---|---|---|---|
| OBIC Business Consultants 4733.T | $4.74B | +62% | +12% | 47% | 36.1× | 3.2% |
| Money Forward 3994.T | $2.52B | +51% | +35% | 2% | 2,235.1× | n/a |
| freee K.K 4478.T | $1.72B | +100% | +28% | 3% | 79.1× | n/a |
| Sap SAP.DE | $276B | +49% | +8% | 29% | 29.8× | 14.9% |
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 | 4733.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.2% | +6.6% | 4th highest of 21 |
| 6-month return | +62.5% | +15.0% | 3rd highest of 19 |
| Distance from 52-week high | -4.9% | -25.5% | 2nd highest of 21 |
| Revenue growth (TTM) | +12.1% | +13.5% | 9th lowest of 21 |
| Operating margin | 47.2% | 3.2% | highest of 21 |
| Forward P/E | 36.1× | 22.4× | 6th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 3.2% | 28.7% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +11.9% | +14.3% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -8.7 pp | -1.4 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +29.5 pp | -1.6 pp | 2nd highest of 20 |
| EV / EBITDA | 23.4× | 23.4× | 5th cheapest of 10 |
| Net debt / EBITDA | -4.3× | 0.0× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| OBIC Business Consultants 4733.T | Japan | $4.74B | +62% | +12% | 47% | 36.1× | 3.2% | +11.9% |
| Shanghai Stonehill Technology 002195.SZ | China | $4.77B | -34% | +11% | -25% | 284.5× | n/a | n/a |
| Yonyou Network Technology 600588.SS | China | $4.72B | -21% | +4% | -16% | n/a | n/a | n/a |
| Asseco Poland ACP.WA | Poland | $4.85B | +31% | +2% | 11% | 23.5× | 4.0% | +6.6% |
| Beijing DeepZero Technology 2723.HK | Hong Kong | $4.58B | n/a | +31% | 1% | n/a | n/a | n/a |
| Planet Labs PBC PL | United States | $4.57B | -68% | +44% | -26% | n/a | n/a | n/a |
| HeartFlow HTFL | United States | $4.56B | +15% | +40% | -34% | n/a | n/a | n/a |
| RXO RXO | United States | $4.55B | +27% | +10% | 0% | 53.0× | n/a | n/a |
| CCC Intelligent Solutions CCC | United States | $4.54B | +50% | +11% | 18% | 15.1× | 11.2% | +10.8% |
| Beijing HyperStrong Technology 688411.SS | China | $4.99B | -29% | +38% | 12% | 16.7× | n/a | n/a |
| Maase MAAS | United States | $4.51B | +7% | -84% | -16% | n/a | n/a | n/a |
| BILL BILL | United States | $4.50B | +25% | +13% | 1% | 13.7× | 36.5% | +47.3% |
| Kingsoft 3888.HK | Hong Kong | $4.46B | +4% | 0% | 14% | 15.1× | -5.8% | +10.8% |
| Sezzle SEZL | United States | $5.05B | +146% | +43% | 40% | 22.4× | 28.8% | +50.3% |
| Baige Online Digital Technology 2672.HK | Hong Kong | $5.07B | n/a | +34% | -3% | n/a | n/a | n/a |
| Tenable TENB | United States | $4.40B | +93% | +10% | 5% | 17.8× | 30.1% | +17.8% |
| HUB24 HUB.AX | Australia | $4.39B | -4% | +23% | 29% | 42.6× | 35.6% | +35.7% |
| iSoftStone Information Technology (Group) 301236.SZ | China | $5.13B | -16% | +13% | 0% | 105.2× | n/a | n/a |
| Lumine LMN.V | Canada | $5.14B | +38% | +15% | 21% | 18.1× | 15.6% | +36.8% |
| Mphasis MPHASIS.NS | India | $5.15B | +15% | +14% | 15% | 22.4× | 28.7% | +10.6% |
| BlackBerry BB.TO | Canada | $5.16B | +48% | +14% | 16% | 40.8× | 33.6% | -8.6% |