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2303.T — Tokyo Stock Exchange Software

2303.T

¥1 228,00
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Mcap
3,7B JPY
P/E
—
EV / Rev
—
Div yield
0,84 %
Op margin
34,9 %
ROE
15,2 %
Net margin
25,4 %
Debt / equity
0,00
Beta
—
52w range
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Volume
—
Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

The company provides software solutions and related IT services, generating revenue primarily through the sale and licensing of its software products and services.

Business. The company provides software solutions and related IT services, generating revenue primarily through the sale and licensing of its software products and services.

Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustrySoftware
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score→
84
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
15,2 %
return on equity
Quality→
58
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 2303.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,1 %+0,7 %+2,5 %
    Energy+1,1 %+5,5 %+1,5 %
    Health Care+0,6 %−0,4 %+1,0 %
    Consumer Discretionary+0,4 %+5,7 %+0,8 %
    Information Technology · THIS SECTOR−0,3 %+4,8 %+0,1 %
    Financials−0,5 %−3,5 %−0,1 %
    Real Estate−0,7 %+10,8 %−0,3 %
    Consumer Staples−0,8 %+4,5 %−0,4 %
    Utilities−1,5 %−21,2 %−1,1 %
    Industrials−1,7 %−2,4 %−1,3 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to 2303.T. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-06-25 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-06-25 · SE
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score84 / 100
    Composite score 0-100 · Data quality 0,58
    Data quality0,58 / 1.00

    Synthesis

    Business

    The company provides software solutions and related IT services, generating revenue primarily through the sale and licensing of its software products and services.

    Classification92 %
    SectorTechnology
    Business sectorSoftware & IT Services
    IndustrySoftware
    AI synthesis
    GENERATED

    The company maintains a strong liquidity position, with a current ratio of 7.52 and a cash and equivalents balance of ¥1.73 billion, which is significantly higher than the industry median. The absence of long-term debt and a debt-to-equity ratio of 0.0 further reinforce its financial stability. The price-to-book ratio of 3.05 and price-to-tangible-book ratio of 3.05 suggest that the company is trading at a premium to its book value, which is consistent with the valuation norms for the software industry.

    The company's profitability metrics are robust, with a return on equity (ROE) of 15.23% and a return on assets (ROA) of 13.62%, both of which exceed the industry median. The operating margin of 34.86% (calculated as operating income of ¥574.14 million divided by revenue of ¥1.65 billion) is also above the industry average, indicating efficient cost management and strong pricing power.

    The company's revenue is concentrated in a single business segment, as disclosed in its latest financial report, with no material geographic diversification provided in the available data. This lack of segment and geographic diversification could expose the company to higher concentration risk, particularly if demand in its primary market fluctuates.

    The company's revenue growth is expected to remain stable, with the current fiscal year (FY) outlook projecting a modest increase in revenue. The free cash flow of ¥361.34 million and operating cash flow of ¥302.57 million support the company's ability to fund operations and invest in growth opportunities without relying on external financing.

    The risk assessment indicates a low probability of dilution and no immediate liquidity concerns. The absence of long-term debt and the high cash reserves reduce the likelihood of equity dilution through secondary offerings or convertible instruments. The company's financial structure is conservative, with no dilution flags detected in recent filings.

    Recent financial filings and transcripts do not indicate any material events or strategic shifts that would significantly alter the company's business model or financial performance. The company continues to operate within its established software and IT services framework, with no disclosed major investments or divestitures in the latest reporting period.

    Key takeaways
    • The company has a strong liquidity position with a current ratio of 7.52 and no long-term debt.
    • The company's profitability metrics, including ROE of 15.23% and ROA of 13.62%, are above the industry median.
    • The company's revenue is concentrated in a single business segment, which may increase its exposure to market-specific risks.
    • The company is expected to maintain stable revenue growth, supported by strong free and operating cash flows.
    • The company has a low risk of dilution and no immediate liquidity concerns.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    ¥1 228,00
    Market cap
    ¥8.38B
    Enterprise valueⓘ
    ¥6.65B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    22.0x
    P / Bⓘ
    3.0x
    P / Tangible bookⓘ
    3.0x
    Tangible book
    ¥2.75B
    Net cashⓘ
    ¥1.73B
    Current ratioⓘ
    7.5
    Debt / equityⓘ
    0.0
    ROAⓘ
    13.6%
    ROEⓘ
    15.2%
    Cash conversionⓘ
    72.0%
    CapEx / revenueⓘ
    -0.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Forward curve

    — missing data

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    — missing data

    Benchmarks vs cohort

    Op Margin34,9 %Best in class
    Net Margin25,4 %Above P75
    ROE15,2 %Above P75
    Capex / Rev-0,1 %Above P75
    D/E0,00Above median
    Cash Conv0,72Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • 2303.T Market data — financials · 2026-05-26
    • Dawn Corp Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2303.TCanonical
    Tokyo Stock Exchange · JPY

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.
    Relationship graph
    2303MSFTCRMNOWSoftware
    This companyPeerSector

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-06-25 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage