37712026 Q3PrimeJGAAP

SYSTEM RESEARCH (3771) FY2026 Q3 Earnings Report

For FY2026 Q3, revenue came to ¥21.4B (+11.4% year on year) and operating income ¥2.4B (+16.7%). The segment drivers and cash flow follow.

SYSTEM RESEARCH CO.,LTD.

January 29, 2026

IT & Services, Others/Information & Communication

Theoretical share value trend (reference)

JPY per share

Base scenarioBear–bull range

These are mechanically computed values based on a residual income model. They are not a forecast of market prices or a recommendation of any investment action, and do not predict or guarantee future share prices. Historical values are computed retrospectively using current guidance-achievement statistics.

Table of Contents

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Metric	Current	Prior	YoY
Revenue	¥214.2B	¥192.1B	+11.4%
Operating Income	¥24.0B	¥20.6B	+16.7%
Ordinary Income	¥24.4B	¥21.2B	+14.8%
Net Income	¥17.9B	¥15.6B	+14.9%
ROE	14.1%	13.2%	-

SYSTEM RESEARCH (3771) FY2026 Q3 Earnings Report

Theoretical share value trend (reference)

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Executive Summary

Key Metrics

Cash Flow Analysis

Earnings Quality

Risk Factors

Industry Benchmark (Reference - Proprietary Data)

Key Takeaways from Earnings

Theoretical share value trend (reference)