For the six months ended March 2027, consolidated revenue was 15,169 million yen, up 6.8% year-over-year. Operating income was 1,464 million yen, down -3.6% year-over-year; ordinary income was 1,466 million yen, down -4.2%; and net income attributable to owners of parent for the interim period was 1,014 million yen, down -9.5%. Full-year forecasts were maintained: revenue 32,276 million yen, operating income 3,850 million yen, ordinary income 3,907 million yen, and net income 2,836 million yen (year-over-year +8.6%). Treasury shares at the end of the period were 109,797 shares, shareholders’ equity was 13,356 million yen, and equity ratio was 72.3%.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3771","jir_company_name":"System Research Co.,Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-28","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/3771-20261028-01.pdf","jir_short_summary":"For the six months ended March 2027, consolidated revenue was 15,169 million yen, up 6.8% year-over-year. Operating income was 1,464 million yen, down -3.6% year-over-year; ordinary income was 1,466 million yen, down -4.2%; and net income attributable to owners of parent for the interim period was 1,014 million yen, down -9.5%. Full-year forecasts were maintained: revenue 32,276 million yen, operating income 3,850 million yen, ordinary income 3,907 million yen, and net income 2,836 million yen (year-over-year +8.6%). Treasury shares at the end of the period were 109,797 shares, shareholders' equity was 13,356 million yen, and equity ratio was 72.3%.","jir_summary":"### Overview of Results\nInterim revenue showed an increasing trend, supported by continued digital investment demand and contributions from SI services and software development. Operating income decreased year-over-year, but the full-year outlook remains solid. By segment, SI services and software development are the core businesses. During the period, a loss on disposal of fixed assets was recorded, which negatively impacted profits.\n\n### Impact on Shareholders and Future Outlook\nFull-year earnings forecasts are unchanged. Holdings of treasury shares fluctuated during the period; outstanding shares at period-end were 16,720 thousand shares, and treasury shares during the period were 109,797 shares. The equity ratio remains high at 72.3%. Going forward, trends in DX-related investment and progress on large projects are expected to affect performance.","jir_financial_highlights":"Revenue: 15,169,034 (Year-over-Year +6.8%)\nOperating Income: 1,464,408 (Year-over-Year -3.6%)\nOrdinary Income: 1,466,163 (Year-over-Year -4.2%)\nNet Income Attributable to Owners of Parent (interim): 1,014,051 (Year-over-Year -9.5%)\nFull-year Revenue: 32,276 (Year-over-Year +10.9%)\nFull-year Operating Income: 3,850 (Year-over-Year +10.9%)\nFull-year Net Income: 2,836 (Year-over-Year +8.6%)\nEquity Ratio: 72.3 (Increase from prior year)","jir_category":"","jir_hashtags":"#SystemResearchIR, #Earnings, #InterimResults","jir_key_figures":"Revenue (interim): 15,169 million yen\nOperating Income (interim): 1,464 million yen\nNet Income Attributable to Owners of Parent (interim): 1,014 million yen\nFull-year Revenue: 32,276 million yen\nFull-year Net Income: 2,836 million yen\nEquity Ratio: 72.3%","jir_meta_title":"System Research Co.,Ltd. Financial Summary Q2 Interim \u2014 Revenue Up While Profits Softened, Full-Year Forecast Maintained","jir_meta_description":"Financial summary for System Research Co.,Ltd. for the six months ended March 2027. Revenue rose 6.8% year-over-year to 15,169 million yen; operating income was 1,464 million yen and net income was 1,014 million yen. Full-year forecasts: revenue 32,276 million yen and net income 2,836 million yen. Equity ratio 72.3% and share information included.","jir_og_title":"System Research Co.,Ltd. \u2014 Q2 Interim Results, Full-Year Forecast Maintained","jir_og_description":"Interim results for System Research Co.,Ltd.: revenue increased while profits declined. Full-year forecasts are unchanged. Equity ratio 72.3%, shareholders' equity 13,356 million yen, treasury shares approx. 109,797 shares.","jir_og_image_url":"","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Revenue Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Q1\\\",\\\"Q2\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue\\\",\\\"data\\\":[15169,15169]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Q1\\\",\\\"Q2\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[1519,1464]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"net_income_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Q1\\\",\\\"Q2\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Interim Net Income\\\",\\\"data\\\":[1121,1014]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Margin Analysis\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Q1\\\",\\\"Q2\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Margin\\\",\\\"data\\\":[10.74,9.66]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Revenue by Segment\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"SI Services\\\",\\\"Software Development\\\",\\\"Software Products\\\",\\\"Merchandise Sales\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue\\\",\\\"data\\\":[5129,9160,180,533]}]},\\\"options\\\":{}}\"}]","ir_related_company":57155,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-135702","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n