JP-listed companies
SYSTEM RESEARCH CO.,LTD.

SYSTEM RESEARCH CO.,LTD.JP:3771

Market cap

¥12.9B

P/E ratio

6.1x

Income statement Balance sheet Cash flow

	Mar 31, 2013	Mar 31, 2014	Mar 31, 2015	Mar 31, 2016	Mar 31, 2017	Mar 31, 2018	Mar 31, 2019	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023
Net sales	7,630	9,103	10,020	10,466	11,539	12,716	14,152	16,251	16,158	18,405	21,556
Cost of sales	6,040	7,215	8,033	8,185	9,143	10,166	11,073	12,577	12,691	14,287	16,740
Gross profit (loss)	1,590	1,889	1,986	2,281	2,397	2,550	3,079	3,674	3,467	4,118	4,816
Selling, general and administrative expenses	1,218	1,318	1,336	1,417	1,458	1,566	1,788	1,951	1,900	2,040	2,314
Operating profit (loss)	372	571	650	864	939	984	1,292	1,723	1,567	2,078	2,502
Interest income	0	0	0	0	0	0	0	0	0	0	0
Dividend income	0	0	0	0	0	0	0	0	0	0	1
Subsidy income	6	15	13	11	6	10	10	17	28	38	15
Insurance claim income	-	-	4	2	-	-	2	-	-	-	-
Dividend income of insurance	2	3	1	0	3	3	2	2	-	1	3
Subsidy income	6	15	13	11	6	10	10	17	28	38	15
Other	1	1	4	3	3	2	1	4	3	7	4
Dividend income of insurance	2	3	1	0	3	3	2	2	-	1	3
Non-operating income	11	20	24	20	13	15	19	24	31	46	22
Commission income	1	1	1	3	1	1	1	1	1	-	-
Other	1	1	4	3	3	2	1	4	3	7	4
Non-operating income	11	20	24	20	13	15	19	24	31	46	22
Interest expenses	17	15	13	12	10	10	9	9	9	8	8
Loss on cancellation of insurance policies	-	-	-	-	-	-	-	-	-	2	-
Non-operating expenses	19	15	14	36	26	10	10	9	9	11	8
Other	1	0	0	0	0	0	1	1	0	1	0
Non-operating expenses	19	15	14	36	26	10	10	9	9	11	8
Ordinary profit (loss)	365	576	661	847	925	989	1,301	1,737	1,590	2,114	2,516
Gain on sale of investment securities	-	-	-	-	-	-	-	-	-	-	2
Gain on sale of non-current assets	-	-	-	-	-	0	-	-	-	-	0
Extraordinary income	-	-	-	-	-	0	0	15	-	-	2
Gain on sale of investment securities	-	-	-	-	-	-	-	-	-	-	2
Extraordinary income	-	-	-	-	-	0	0	15	-	-	2
Loss on retirement of non-current assets	0	0	0	0	0	0	-	5	-	-	1
Loss on termination of retirement benefit plan	-	-	-	-	-	-	-	-	-	-	364
Extraordinary losses	1	2	29	6	9	2	47	21	-	-	365
Profit (loss) before income taxes	364	574	632	842	916	987	1,254	1,732	1,590	2,114	2,153
Income taxes - current	156	218	214	273	272	351	386	516	489	631	710
Income taxes - deferred	-18	-16	9	6	3	-31	-53	-23	10	-12	-162
Income taxes	138	202	222	279	275	320	333	493	498	619	549
Profit (loss)	-	-	410	562	641	667	922	1,239	1,091	1,494	1,604
Profit (loss) attributable to non-controlling interests	-	-	1	-0	-0	0	1	2	2	2	3
Profit (loss) attributable to owners of parent	-	-	409	563	641	666	920	1,238	1,089	1,492	1,602