Overview
Information & Communication

Japan System Techniques Co.,Ltd.

Japan System Techniques Co., Ltd. (JAST) is a fully independent software company providing diverse IT systems and services across four business segments: DX & System Integration (SI), Package Solutions, Medical Big Data, and Global. Its proprietary package products include the GAKUEN strategic university management system (deployed at over 400 universities and junior colleges nationwide), BankNeo integrated information system for financial institutions, and JMICS/REZULT medical big data services supporting health insurers and pharmaceutical research. The company also delivers ERP and HRM solutions to overseas markets through subsidiaries across Thailand, Malaysia, Singapore, India, UAE, and China.

Market Cap
¥46.6B
US$297M
EV
¥33.5B
US$213M
Stock¥1,887▲+0.37%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
8.1
x
LTM EV/EBIT
8.8
x
LTM PER
19.3
x
LTM PBR
2.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-40.9%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Dec 18, 25MIRI Capital Management LLC changed stake (27.27%→28.28%)
2Feb 12, 26MIRI Capital Management LLC changed stake (28.28%→29.31%)
3Jun 29, 26Board approved share buyback
MC → EV Bridge
46.6BUS$297MMarket Cap0.21BUS$1.31M+ Debt11.7BUS$74.7M− Cash1.75BUS$11.1M− Inv. Sec.0.11BUS$0.67M+ NCI33.5BUS$213MEV
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Performance & Balance
Revenue 5Y (¥B)
21.4US$136M'22/323.5US$150M'23/326.2US$167M'24/329.3US$187M'25/332.5US$207M'26/3
EBITDA 5Y (¥B)
2.11US$13.5M'22/32.50US$15.9M'23/32.94US$18.7M'24/33.36US$21.4M'25/34.12US$26.2M'26/3
Net Income 5Y (¥B)
1.33US$8.47M'22/31.77US$11.3M'23/32.09US$13.3M'24/32.44US$15.6M'25/32.62US$16.7M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.01US$44.6M0.01US$0.05M'22/37.82US$49.8M'23/38.62US$54.9M0.08US$0.50M'24/38.78US$55.9M0.23US$1.48M'25/310.8US$68.9M0.21US$1.33M'26/3
Shareholders
Top 10 hold 74.1%
1
US BANK NATIONAL ASSOCIATION JP ACCTS TS (Standing Proxy: MUFG Bank, Ltd.)
23.64%
2
JUST Co., Ltd.
23.36%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.60%
4
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
6.56%
5
Japan System Techniques Co.,Ltd. Employee Stock Ownership Association
5.80%
6
Takashi HIRABAYASHI
2.26%
7
Takeaki HIRABAYASHI
1.98%
8
Custody Bank of Japan, Ltd. (Trust Account)
1.04%
9
Dai HIRABAYASHI
0.97%
10
TerraSky Co.,Ltd
0.92%
Management
9 officers
Takashi HIRABAYASHI
Representative Director
Apr 1992 Joined Fujitsu Limited Apr 1998 Joined the Company Apr 2017 General Manager, Finance and Accounting Department, the Company Apr 2021 General Manager, Tokyo Business Management Department, Tokyo Administration Division, the Company Apr 2023 Executive Officer in charge of Business Planning and Business Management; General Manager, Business Planning Office, the Company Jun 2023 Director and Executive Officer in charge of Business Planning and Business Management; General Manager, Business Planning Office, the Company Apr 2024 Director and Senior Executive Officer in charge of Finance and IR, the Company Jun 2025 Representative Director, President and Executive Officer, the Company (current)
1969-06-07
Chiharu MUGURUMA
Director
Apr 1988 Joined the Company Apr 2014 Executive Officer; General Manager, East Japan Software Business Division, the Company Apr 2018 Executive Officer in charge of East Japan SI Business, the Company Jun 2019 Director and Executive Officer in charge of East Japan SI Business, the Company Jan 2020 Director and Executive Officer in charge of East Japan SI Business; Deputy General Manager, Overseas Business Division, the Company Jan 2021 Director and Executive Officer in charge of East Japan SI Business; General Manager, ASEAN Business Division, the Company Apr 2023 Director and Executive Officer in charge of East Japan SI Business and DX Promotion; General Manager, ASEAN Business Division, the Company Apr 2024 Director and Managing Executive Officer in charge of Corporate Affairs; General Manager, Business Planning Office, the Company Apr 2026 Director and Senior Managing Executive Officer; General Manager, Corporate Division, the Company (current)
1964-10-22
Yuji TSUCHIYA
Director
Mar 1983 Joined the Company Apr 2012 Executive Officer; General Manager, GAKUEN Business Division, the Company Apr 2014 Executive Officer in charge of GAKUEN Business, the Company Jun 2016 Director and Executive Officer in charge of GAKUEN Business, the Company Apr 2017 Director and Executive Officer in charge of GAKUEN Business and New Business Promotion, the Company Apr 2019 Director and Executive Officer in charge of GAKUEN Business, New Business Promotion and BankNeo Business, the Company Apr 2021 Director and Executive Officer in charge of GAKUEN Business, New Business Promotion, BankNeo Business and Western Japan SI Business, the Company Jun 2021 Director and Executive Officer in charge of Osaka Head Office Business, GAKUEN Business, New Business Promotion and BankNeo Business, the Company Apr 2022 Director and Executive Officer in charge of GAKUEN Business, New Business Promotion, BankNeo Business and Western Japan SI Business, the Company Apr 2024 Director and Managing Executive Officer in charge of GAKUEN Business, New Business Promotion, BankNeo Business and Western Japan SI Business, the Company Apr 2025 Director and Managing Executive Officer in charge of BankNeo Business, the Company Apr 2026 Director and Managing Executive Officer, the Company (current)
1962-06-08
Satoshi OCHIAI
Director
Dec 2001 Joined the Company Apr 2022 Executive Officer in charge of GAKUEN Business, the Company Apr 2025 Senior Executive Officer in charge of GAKUEN Business; General Manager, GAKUEN Business Division, the Company Apr 2026 Senior Executive Officer; General Manager, Business Planning Office, Corporate Division, the Company Jun 2026 Director and Senior Executive Officer; General Manager, Business Planning Office, Corporate Division, the Company (current)
1975-07-06
Masami YABUSHITA
Director, Audit and Supervisory Committee Member
Apr 1989 Joined the Company Apr 2014 General Manager, Distribution Business Division, the Company Apr 2015 General Manager, Western Japan SI Second Business Division, the Company Jun 2023 Full-time Audit & Supervisory Board Member, the Company Jun 2024 Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1965-06-03
Yongdong GAO
Outside Director
Aug 1998 Co-founder and Director and Vice President, BNIS Co., Ltd. Dec 2002 Vice Chairman and General Manager, Wuxi Huaxia Computer Technology Co., Ltd. Apr 2011 Vice Chairman and General Manager, Wuxi NTT DATA Co., Ltd. Jan 2013 Chairman, Wuxi NTT DATA Co., Ltd. Apr 2014 Director (non-executive), NTT DATA (China) Co., Ltd. (current) Jan 2015 President, NTT DATA (China) Information Technology Co., Ltd.; Director (non-executive), NTT DATA (China) Investment Co., Ltd. (current) Jun 2017 Chairman and President, NTT DATA (China) Information Technology Co., Ltd. (current) Jun 2024 Outside Director, the Company (current) Jul 2024 Representative Director, NTT DATA Information Technology Corporation (current)
1964-11-14
Jiro AN
Outside Director
May 2001 Senior Vice President, First Eagle Investment Management, LLC Apr 2005 Director in charge of Business Development, Juji-ya Securities Co., Ltd. May 2006 Founded Valex Partners Inc.; Representative Director (current) Apr 2012 Director, Juji-ya Holdings Co., Ltd. Dec 2013 Director, Fujii Sake Brewery Co., Ltd. (current) Sep 2018 Director, JWC Co., Ltd. (current) Jun 2022 Representative Director, Juji-ya Holdings Co., Ltd. (current) Jun 2025 Outside Director, the Company (current)
1973-04-20
Jiro MOGAMI
Outside Director, Audit and Supervisory Committee Member
Nov 2007 Joined Honryu Law Corporation Feb 2011 Joined Yamashita Kawazoe Law Office Jul 2013 Joined Canon Law Corporation (current) Jun 2014 Outside Audit & Supervisory Board Member, the Company Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1978-08-02
Misa MACHIDA
Outside Director, Audit and Supervisory Committee Member
Oct 2003 Joined Tohmatsu & Co. (currently Tohmatsu LLC) Jun 2007 Opened Machida Certified Public Accountant Office (current) Nov 2019 Outside Director, ING Co., Ltd. (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jan 2025 Outside Director, Audit and Supervisory Committee Member, Kobe Bussan Co., Ltd. (current)
1978-10-11
Large Shareholding Reports
Just Co., Ltd.
2026-05-29
23.35%→23.35%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 23.36%
Dai HIRABAYASHI
2026-05-29
28.34%→28.77%
Annual report (as of 2026-03-31): 0.97%
Just Co., Ltd.
2026-05-29
25.84%→23.35%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 23.36%
Just Co., Ltd.
2026-04-22
23.35%→23.35%
Annual report (as of 2026-03-31): 23.36%
Just Co., Ltd.
2026-04-22
23.35%→23.35%
Annual report (as of 2026-03-31): 23.36%
Just Co., Ltd.
2026-04-22
25.84%→23.35%
Annual report (as of 2026-03-31): 23.36%
MIRI Capital Management LLC
2026-02-12
28.28%→29.31%
MIRI Capital Management LLC
2025-12-18
27.27%→28.28%
MIRI Capital Management LLC
2025-09-25
26.25%→27.27%
MIRI Capital Management LLC
2024-12-02
25.23%→26.25%
MIRI Capital Management LLC
2024-09-26
24.18%→25.23%
MIRI Capital Management LLC
2024-01-12
23.17%→24.18%
MIRI Capital Management LLC
2023-08-30
22.16%→23.17%
MIRI Capital Management LLC
2023-04-18
21.15%→22.16%
MIRI Capital Management LLC
2023-01-24
20.12%→21.15%
MIRI Capital Management LLC
2022-12-28
19.11%→20.12%
MIRI Capital Management LLC
2022-11-16
18.07%→19.11%
MIRI Capital Management LLC
2022-10-26
17.06%→18.07%
MIRI Capital Management LLC
2022-10-18
15.81%→17.06%
MIRI Capital Management LLC
2022-09-20
14.70%→15.81%
MIRI Capital Management LLC
2022-08-15
13.66%→14.70%
MIRI Capital Management LLC
2022-07-06
12.57%→13.66%
MIRI Capital Management LLC
2022-06-08
11.56%→12.57%
MIRI Capital Management LLC
2022-05-17
10.52%→11.56%
MIRI Capital Management LLC
2022-03-14
9.44%→10.52%
MIRI Capital Management LLC
2021-12-09
8.41%→9.44%
MIRI Capital Management LLC
2021-11-01
7.38%→8.41%
MIRI Capital Management LLC
2021-10-28
7.38%→8.47%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-07-03
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-05-29
Change Report
EDINETAmended
2026-05-29
Change Report
EDINETAmended
2026-05-29
Change Report
EDINET
2026-04-22
Large Shareholding Report
EDINET
2026-04-22
Large Shareholding Report
EDINET
2026-04-22
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-12
Large Shareholding Report
EDINET
2025-12-18
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-25
Large Shareholding Report
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-02
Large Shareholding Report
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2024-09-26
Large Shareholding Report
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2024-01-12
Large Shareholding Report
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-30
Large Shareholding Report
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-04-18
Large Shareholding Report
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
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