Added to YB: 2026-10-13
Pitch date: 2026-10-09
3671.T [bullish]
Softmax Co., Ltd
-2.85%
current return
Author Info
JII Compounders writes about Japanese compounders, IR, capital allocation, and the gap between how companies explain themselves and how investors actually hear them. Sign up for the newsletter.
Company Info
Softmax Co., Ltd engages in the development, sale, implementation, and maintenance of comprehensive medical information systems and systems for businesses in Japan.
Market Cap
JPY 7.6B
Pitch Price
JPY 316.00
Price Target
465.00 (+51%)
Dividend
N/A
EV/EBITDA
10.32
P/E
20.20
EV/Sales
1.04
Sector
Health Care Technology
Category
growth
Japan’s Hospital Software Is Becoming a Service Business - Softmax Co., Ltd
3671.T: Softmax’s rising hospital-software backlog should convert into installations and recurring support revenue, creating a repeatable delivery-to-service growth model; 1H FY12/26 software orders rose 82.9%, backlog 22.2% and service sales 12.5%. At ¥316, shares trade at 10.2x P/E and 7.0x FY12/27E EV/EBIT; 15x modeled EPS of ¥31 supports a ¥465 October 2027 target, or 47.2% upside. Delivery delays, overhead and weak cash conversion are key risks.
Read full article (3 min)