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← CockpitCompetitor Analysis › 593A.T Tier IV, Inc.Open in the cockpit ↗

Tier IV, Inc.593A.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Packaged Software
Mkt cap
$913M
US dollars, full cap
Free float
48%
of shares outstanding
$/day
$162M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 19.4%
Hurdle
n/a
no reverse DCF
Close · JPY¥2,266
1D-3.0%
1W-4.2%
1M+8.1%
3M+129.6%
6Mn/a
YTDn/a
1Yn/a
ATR %13.2%
52w lowhigh40.2% off high

What Tier IV does

Employees: 392

Tier IV at a glance

Size Tier IV (593A.T) is a Japan Information Technology company (Packaged Software) with a market value of $913M, the 772nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,266 on 6 Nov 2026.

Growth Revenue grew 65.6% over the last twelve months (peer median +12.0%); the operating margin is -163.9% (peer median 4.5%).

Valuation It trades at 21.4× enterprise value to sales against a peer median of 3.1× (2nd most expensive of 21).

Tier IV financials

Reported figures in JPY; fiscal year ends 2025-09-30. TTM = trailing twelve months.
TTMFY2025FY2024
Revenuen/a¥6.41B¥3.87B
Revenue growth—+66%—
Gross profitn/a¥1.65B¥1.43B
EBITDAn/a-¥10.5B-¥7.23B
Net incomen/a-¥4.80B-¥4.83B
Free cash flown/a-¥8.52B-¥5.21B
Capital expendituren/a¥1.24B¥641M
Total debt¥2.83B¥2.02B¥1.33B

Quarterly statements and history in the cockpit →

Tier IV competitor charts

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.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%0×10×20×NABLRATEGAIN6882252586603082688365PLTKODD3011536636QTCOM215A002123300520BKSYFQT300043593A.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tier IV is the large dot.

Tier IV competitors and peer comparison

How Tier IV compares with its peers

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.

Tier IV against its 20 peers (data as of 6 Nov 2026)
Measure593A.TPeer medianRank in peer set
1-month return+8.1%+0.5%3rd highest of 21
Distance from 52-week high-40.2%-43.4%9th highest of 21
Revenue growth (TTM)+65.6%+12.0%2nd highest of 21
Operating margin-163.9%4.5%lowest of 21
EV / Sales21.4×3.1×2nd most expensive of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Tier IV 593A.TJapan$913Mn/a+66%-164%21.4×n/an/a
N-able NABLUnited States$914M-1%+10%3%2.3×26.5%+10.9%
RateGain Travel Technologies RATEGAIN.NSIndia$910M+15%+114%15%3.7×32.4%+48.7%
Asiainfo Security Technologies 688225.SSChina$917M-4%-4%-7%1.6×n/an/a
Dmall 2586.HKHong Kong$922M+8%+19%7%2.7×6.6%+34.6%
BZS (Beijing) Technology Development 603082.SSChina$925M+9%+22%6%2.2×19.0%+13.7%
Hangzhou Raycloud Technology 688365.SSChina$926M-27%+14%-1%10.2×n/an/a
Playtika PLTKUnited States$931M-33%+6%17%1.1×-16.4%+3.0%
ODDITY Tech ODDUnited States$931M+36%-10%-1%1.9×n/an/a
Guotai Epoint Software 688232.SSChina$932M-13%-9%0%1.7×29.4%-3.0%
Beijing CTJ Information Technology 301153.SZChina$939M-15%+23%15%5.3×17.7%+7.0%
Shandong Extreme Vision Technology 6636.HKHong Kong$939M-34%+14%-19%21.5×n/an/a
Qt Group Plc QTCOM.HEFinland$887M+62%+17%16%3.6×16.4%+22.2%
HealthStream HSTMUnited States$884M+21%+10%8%2.4×14.6%+4.4%
Timee 215A.TJapan$878M+9%+56%18%3.2×0.0%+89.1%
Beijing Shenzhou Aerospace Software Technology 688562.SSChina$878M-21%+24%-5%3.5×n/an/a
Montnets Cloud Technology 002123.SZChina$875M-21%-30%-11%2.9×n/an/a
GuoChuang Software 300520.SZChina$955M-40%-14%-12%5.1×n/an/a
BlackSky Technology BKSYUnited States$873M-46%+4%-43%7.8×n/an/a
Frequentis FQT.DEGermany$870M-15%+34%9%1.1×-7.6%+14.1%
Rastar 300043.SZChina$870M-20%-43%20%5.5×10.6%+3.7%

Questions

Which companies are Tier IV's closest peers?
The cockpit's peer set: N-able (NABL), RateGain Travel Technologies (RATEGAIN.NS), Asiainfo Security Technologies (688225.SS), Dmall (2586.HK), BZS (Beijing) Technology Development (603082.SS), Hangzhou Raycloud Technology (688365.SS), Playtika (PLTK), ODDITY Tech (ODD).
Is Tier IV expensive compared with its peers?
On ev / sales it trades at 21.4× against a peer median of 3.1×, 2nd most expensive of 21 in its peer set.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.