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Employees: 2,500
Size BELLSYSTEM24 (6183.T) is a Japan Industrials company (Miscellaneous Commercial Services) with a market value of $637M, the 944th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,351 on 6 Nov 2026.
Performance Over six months the shares fell 9.8%, against -13.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 0.8% over the last twelve months (peer median +7.2%); the operating margin is 8.3% (peer median 8.0%).
Valuation It trades at 11.3× forward earnings against a peer median of 14.7× (2nd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥146B | ¥146B | ¥144B | ¥149B | ¥156B |
| Revenue growth | — | +2% | -3% | -5% | — |
| Gross profit | ¥27.5B | ¥25.3B | ¥22.8B | ¥24.9B | ¥29.9B |
| EBITDA | ¥20.9B | ¥20.9B | ¥18.8B | ¥19.7B | ¥23.2B |
| Net income | ¥8.64B | ¥8.18B | ¥8.00B | ¥7.54B | ¥9.33B |
| Free cash flow | ¥14.2B | ¥15.9B | ¥16.2B | ¥12.2B | ¥16.8B |
| Capital expenditure | ¥1.61B | ¥1.02B | ¥1.68B | ¥2.20B | ¥1.77B |
| Total debt | ¥45.6B | ¥62.5B | ¥78.5B | ¥84.5B | ¥83.8B |
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 | 6183.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.1% | -4.9% | 8th highest of 21 |
| 6-month return | -9.8% | -13.7% | 10th highest of 21 |
| Distance from 52-week high | -13.1% | -39.5% | 3rd highest of 21 |
| Revenue growth (TTM) | +0.8% | +7.2% | 9th lowest of 21 |
| Operating margin | 8.3% | 8.0% | 11th highest of 21 |
| Forward P/E | 11.3× | 14.7× | 2nd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -5.7% | 8.1% | 4th least demanding of 16 |
| Growth delivered (Del g) | +1.4% | +7.7% | 7th lowest of 16 |
| Hurdle (Req g minus delivered) | -7.2 pp | -2.7 pp | 7th least demanding of 16 |
| ROIC minus cost of capital | +2.2 pp | -2.8 pp | 4th highest of 19 |
| EV / EBITDA | 6.7× | 9.7× | 3rd cheapest of 11 |
| Net debt / EBITDA | 1.9× | 0.5× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BELLSYSTEM24 6183.T | Japan | $637M | -10% | +1% | 8% | 11.3× | -5.7% | +1.4% |
| Framery FRAMERY.HE | Finland | $632M | 0% | +37% | 20% | 14.7× | 5.9% | +13.4% |
| Intrum INTRUM.ST | Sweden | $645M | -53% | -4% | 28% | n/a | -8.9% | +0.2% |
| ChemPartner PharmaTech 300149.SZ | China | $645M | -14% | +18% | 2% | n/a | 25.6% | -5.2% |
| LEPU ScienTech Medical Technology (Shanghai) 2291.HK | Hong Kong | $624M | +25% | -4% | 42% | 11.8× | -8.4% | +28.0% |
| Medlive Technology 2192.HK | Hong Kong | $621M | -25% | +6% | 29% | 12.6× | -0.3% | +23.8% |
| Pourin Special Welding Technology 301468.SZ | China | $621M | -40% | -4% | 5% | 66.1× | n/a | n/a |
| Strike 6196.T | Japan | $618M | +29% | +33% | 38% | 14.4× | n/a | n/a |
| Yokorei 2874.T | Japan | $617M | 0% | +1% | 5% | 15.1× | n/a | n/a |
| China Design 603018.SS | China | $616M | -20% | -8% | 7% | 15.5× | -8.0% | -5.1% |
| Matrix Design 301365.SZ | China | $660M | -31% | +9% | 4% | n/a | 29.3% | +3.6% |
| IBEX IBEX | United States | $661M | +53% | +15% | 9% | 13.1× | 0.3% | +7.7% |
| Guangzhou Doppler Electronic Technologies 301528.SZ | China | $663M | -5% | +35% | 22% | n/a | 42.2% | +11.8% |
| FS Development Investment 300071.SZ | China | $612M | -13% | -41% | -18% | n/a | 34.6% | +1.0% |
| M-Grass Ecology And Environment (Group) 300355.SZ | China | $611M | -30% | -23% | -13% | n/a | 11.6% | +0.5% |
| Hangzhou MDK Opto Electronic 688079.SS | China | $666M | -28% | +30% | -26% | n/a | n/a | n/a |
| Suzhou Electrical Apparatus Science Academy 300215.SZ | China | $605M | -36% | +8% | 9% | n/a | 8.1% | -4.9% |
| Plus Alpha Consulting 4071.T | Japan | $602M | +3% | +13% | 39% | 17.9× | 2.9% | +29.3% |
| China Testing & Certification International 603060.SS | China | $602M | -25% | -6% | 4% | 31.2× | 12.0% | +12.1% |
| Jiangxi First Hydraulic 301446.SZ | China | $601M | -5% | +33% | 10% | n/a | n/a | n/a |
| RWS RWS.L | United Kingdom | $677M | +46% | -1% | 4% | 10.3× | 11.5% | +14.2% |