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← CockpitCompetitor Analysis › 7803.T Bushiroad, Inc.Open in the cockpit ↗

Bushiroad, Inc.7803.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Packaged Software
Momentum leader 99
Mkt cap
$441M
US dollars, full cap
Free float
37%
of shares outstanding
$/day
$4.36M
20-day average traded
Fwd P/E
15.3×
forward earnings
ROIC−WACC
+11.4 pp
WACC 5.0%
Hurdle
-14 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · JPY¥506
1D-5.1%
1W-2.9%
1M+8.1%
3M+37.1%
6M+101.6%
YTD+71.0%
1Y+65.4%
ATR %4.7%
52w lowhigh10.4% off high

What Bushiroad does

Employees: 850

Bushiroad at a glance

Size Bushiroad (7803.T) is a Japan Information Technology company (Packaged Software) with a market value of $441M, the 1139th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥506 on 6 Nov 2026.

Performance Over six months the shares gained 101.6%, against -11.4% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 20 in its peer set.

Growth Revenue grew 2.9% over the last twelve months (peer median +7.9%); the operating margin is 8.2% (peer median 5.2%).

Valuation It trades at 15.3× forward earnings against a peer median of 23.4× (4th cheapest of 14).

Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 11.4 points above its cost of capital (5.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 20267803.T 201Peer median 89
Six months, rebased to 100: Bushiroad against the median of its 20 peers (local-currency closes).

Bushiroad financials

Reported figures in JPY; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
Revenue¥57.8B¥57.8B¥56.2B¥46.3B¥48.8B
Revenue growth—+3%+21%-5%—
Gross profit¥20.4B¥20.4B¥20.0B¥15.4B¥16.9B
EBITDA¥5.49B¥5.49B¥5.59B¥1.68B¥4.12B
Net income¥4.57B¥4.57B¥3.42B¥805M¥2.05B
Free cash flown/a¥1.02B¥5.31B-¥1.13B¥493M
Capital expendituren/a¥1.04B¥509M¥770M¥1.49B
Total debt¥19.0B¥19.0B¥11.8B¥15.4B¥13.6B

Quarterly statements and history in the cockpit →

Bushiroad 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.

Performance: 6-month against 1-month return

-50%0%+50%+100%-40%-20%0%664330082630084530007830094163MOONSDTOLCOFFEE-BBRAIOCLMTLS688579NXL033790CAPILLARYPLW7803.T6-month return →1-month return →
Up and to the right = strong over both horizons. Bushiroad is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×6643DTOLCOFFEE-BOCLUGSMTLS6885790799NXLDATAMATICSCAPILLARY225570PLW7803.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Bushiroad is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%25%50%300826DTOLCOFFEE-BOCLMTLS688579NXLDATAMATICS033790CAPILLARYPLW7803.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Bushiroad is the large dot.

Bushiroad competitors and peer comparison

How Bushiroad 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.

Bushiroad against its 20 peers (data as of 6 Nov 2026)
Measure7803.TPeer medianRank in peer set
1-month return+8.1%-3.8%5th highest of 21
6-month return+101.6%-11.4%highest of 20
Distance from 52-week high-10.4%-33.5%2nd highest of 21
Revenue growth (TTM)+2.9%+7.9%7th lowest of 20
Operating margin8.2%5.2%8th highest of 20
Forward P/E15.3×23.4×4th cheapest of 14
Growth the price implies (Req g, 7 yrs)-3.9%15.4%least demanding of 12
Growth delivered (Del g)+10.2%+9.2%6th highest of 12
Hurdle (Req g minus delivered)-14.1 pp+14.6 pp3rd least demanding of 12
ROIC minus cost of capital+11.4 pp-7.1 pp5th highest of 19
EV / EBITDA10.9×10.1×5th most expensive of 12
Net debt / EBITDA-1.8×-2.5×5th most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Bushiroad 7803.TJapan$441M+102%+3%8%15.3×-3.9%+10.2%
M31 Technology 6643.TWOTaiwan$443M-46%+19%-8%32.0×n/an/a
NanJing Institute of Surveying Mapping and Geotechnical Investigation 300826.SZChina$444M-1%+8%1%n/a45.8%+8.8%
Zhengzhou Jiean Hi-tech 300845.SZChina$444M+5%+6%7%n/an/an/a
Hangzhou Century 300078.SZChina$438M-33%-46%-2%n/an/an/a
Chase Science 300941.SZChina$437M-20%+29%1%n/an/an/a
63 Moons Technologies 63MOONS.NSIndia$437M+21%+238%-104%n/an/an/a
D2L DTOL.TOCanada$436M+19%+3%5%20.8×15.4%+12.4%
Coffee Stain COFFEE-B.STSweden$435M-11%-12%10%15.8×5.6%-11.8%
Braiin BRAIUnited States$447M-70%n/an/an/an/an/a
Objective OCL.AXAustralia$434M-39%+7%32%23.4×8.1%+6.8%
UltraGreen.ai UGS.SISingapore$433Mn/a+25%57%6.2×n/an/a
Materialise NV Sponsored ADR MTLSUnited States$432M+25%+10%2%42.6×26.0%+9.2%
Dareway Intelligent Technology 688579.SSChina$450M-26%-21%-2%44.1×18.9%+0.9%
IGG 0799.HKHong Kong$431M-11%-1%12%6.0×n/an/a
Nuix NXL.AXAustralia$452M+37%+19%12%25.6×23.0%+8.4%
Datamatics Global Services DATAMATICS.NSIndia$453M-12%+11%16%15.5×10.8%+11.6%
Fino 033790.KSSouth Korea$428M-53%+195%5%n/a6.6%+60.2%
Capillary Technologies India CAPILLARY.NSIndia$427M-8%+23%3%46.9×49.7%+33.9%
NEXON Games 225570.KSSouth Korea$457M-18%-31%-26%24.8×n/an/a
PlayWay Spolka Akcyjna PLW.WAPoland$425M+5%+8%45%11.0×-3.4%+12.7%

Questions

Which companies are Bushiroad's closest peers?
The cockpit's peer set: M31 Technology (6643.TWO), NanJing Institute of Surveying Mapping and Geotechnical Investigation (300826.SZ), Zhengzhou Jiean Hi-tech (300845.SZ), Hangzhou Century (300078.SZ), Chase Science (300941.SZ), 63 Moons Technologies (63MOONS.NS), D2L (DTOL.TO), Coffee Stain (COFFEE-B.ST).
Is Bushiroad expensive compared with its peers?
On forward p/e it trades at 15.3× against a peer median of 23.4×, 4th cheapest of 14 in its peer set. For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has Bushiroad stock performed?
Over six months to 6 Nov 2026 the shares returned +101.6% against -11.4% for the median peer; over one year +65.4%.

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.