Added to YB: 2025-11-25
Pitch date: 2025-09-26
9928.T [bullish]
Miroku Jyoho Service Co., Ltd.
-3.26%
current return
Author Info
No bio for this author
Company Info
Miroku Jyoho Service Co., Ltd. provides systems and solutions to tax accounting and CPA firms, and their client companies, and small/mid-sized companies in Japan.
Market Cap
JPY 55.7B
Pitch Price
JPY 1.9K
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.75
P/E
11.50
EV/Sales
1.01
Sector
Software
Category
value
Miroku Jyoho Service Co., Ltd. - $9928.T
9928.T: Japanese accounting software co w/ 30% mkt share in accounting firm ERP. Transitioning on-premise to cloud (ARR +35% LFY) temporarily depressing margins to 13% vs 16.5% historical. Trades 8x LTM EBIT, 14x PE vs mgmt targets 20% op margins by 2028. Defensive biz, 99% renewal rates, capital light. Mid-teens IRR potential on margin recovery + modest growth.
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