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Japanese IT services and systems-integration company, formerly Nihon Unisys, serving finance, retail and public sectors.
Japanese IT services and systems-integration company, formerly Nihon Unisys, serving finance, retail and public sectors.
Earns from building custom systems for clients on a project basis and then running them under multi-year outsourcing contracts, which are steadier than one-off projects. Banks and other financial institutions are among its biggest client groups. It was renamed from Nihon Unisys in 2022.
In one line: A smaller, Japan-focused Unisys/Accenture-style systems integrator.
Moat: narrow (switching costs, installed base). Long-run enterprise system contracts create high switching costs for clients.
Headquarters: Tokyo, Japan · Founded: 1958 · Employees: 8,801
Size BIPROGY (8056.T) is a Japan Information Technology company (Electronics Distributors) with a market value of $2.47B, the 417th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,337 on 6 Nov 2026.
Performance Over six months the shares fell 3.1%, against -10.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 3.8% over the last twelve months (peer median +27.4%); the operating margin is 9.9% (peer median 3.8%).
Valuation It trades at 13.1× forward earnings against a peer median of 15.8× (6th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥428B | ¥434B | ¥404B | ¥370B | ¥340B |
| Revenue growth | — | +7% | +9% | +9% | — |
| Gross profit | ¥117B | ¥116B | ¥106B | ¥97.2B | ¥89.4B |
| EBITDA | ¥60.5B | ¥61.5B | ¥56.4B | ¥51.7B | ¥45.6B |
| Net income | ¥29.9B | ¥31.2B | ¥27.0B | ¥25.2B | ¥20.2B |
| Free cash flow | ¥47.1B | ¥53.6B | ¥41.8B | ¥39.5B | ¥25.7B |
| Capital expenditure | ¥15.1B | ¥17.4B | ¥13.0B | ¥12.8B | ¥14.6B |
| Total debt | ¥73.0B | ¥75.6B | ¥42.6B | ¥35.5B | ¥38.0B |
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 |
|---|---|---|---|---|---|---|
| BIPROGY 8056.T | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% |
| Nec 6701.T | $36.3B | +5% | +7% | 12% | 18.6× | 5.5% |
| Fujitsu 6702.T | $35.4B | +1% | +4% | 10% | 18.0× | 4.1% |
| Accenture ACN | $154B | +44% | +6% | 15% | 17.8× | 3.7% |
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 | 8056.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.7% | -7.9% | 11th highest of 21 |
| 6-month return | -3.1% | -10.8% | 9th highest of 21 |
| Distance from 52-week high | -30.9% | -28.4% | 10th lowest of 21 |
| Revenue growth (TTM) | +3.8% | +27.4% | 6th lowest of 21 |
| Operating margin | 9.9% | 3.8% | 5th highest of 21 |
| Forward P/E | 13.1× | 15.8× | 6th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -9.5% | -0.1% | least demanding of 10 |
| Growth delivered (Del g) | +7.1% | +9.5% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | -16.5 pp | -7.4 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | +9.3 pp | +2.9 pp | 6th highest of 21 |
| EV / EBITDA | 6.9× | 7.3× | 2nd cheapest of 5 |
| Net debt / EBITDA | 0.4× | 0.9× | 4th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
| Shenzhen CECport Technologies 001287.SZ | China | $2.28B | -24% | +138% | 2% | n/a | n/a | n/a |
| ASBISc Enterprises ASB.WA | Poland | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% | +9.5% |
| Xi'an Novastar Tech 301589.SZ | China | $2.12B | -9% | +15% | 17% | 22.0× | 15.9% | +28.7% |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| SINBON Electronics 3023.TW | Taiwan | $1.88B | -11% | +9% | 10% | 15.4× | -0.1% | +7.3% |
| Daiwabo 3107.T | Japan | $1.79B | +4% | +14% | 3% | 10.8× | -7.7% | +5.3% |
| WinWay Technology 6515.TW | Taiwan | $3.63B | -67% | +45% | 24% | 27.9× | 32.8% | +22.0% |
| Shenzhen Yitoa Intelligent Control 300131.SZ | China | $1.68B | -39% | +3% | 0% | n/a | n/a | n/a |
| Wuhan P&S Information Technology 300184.SZ | China | $1.63B | -29% | +48% | 5% | 15.8× | n/a | n/a |
| SeSa SES.MI | Italy | $1.53B | -1% | +11% | 4% | 11.4× | -7.1% | +12.0% |
| Shenzhen Aisidi 002416.SZ | China | $1.44B | -44% | +26% | 1% | 22.1× | n/a | n/a |
| Synnex Technology International 2347.TW | Taiwan | $4.26B | +3% | +36% | 2% | 7.8× | n/a | n/a |
| Kyland Technology 300353.SZ | China | $1.42B | -17% | -6% | -6% | 80.9× | n/a | n/a |
| Telling Telecommunication 000829.SZ | China | $1.41B | -21% | +37% | 0% | 153.2× | n/a | n/a |
| Yubico YUBICO.ST | Sweden | $1.40B | +189% | -9% | 9% | 59.8× | 26.3% | +12.4% |