Why is Business Engineering Corp. ?
1
High Management Efficiency with a high ROE of 23.55%
2
Company has very low debt and has enough cash to service the debt requirements
3
With a growth in Operating Profit of 8.47%, the company declared Very Positive results in Dec 25
- The company has declared positive results in Jan 70 after 2 consecutive negative quarters
- ROCE(HY) Highest at 33.08%
- NET SALES(Q) Highest at JPY 6,299.18 MM
- INTEREST COVERAGE RATIO(Q) The company hardly has any interest cost
4
With ROE of 24.89%, it has a very attractive valuation with a 4.30 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 61.60%, its profits have risen by 26.9% ; the PEG ratio of the company is 0.6
5
Market Beating Performance
- The stock has generated a return of 61.60% in the last 1 year, much higher than market (Japan Nikkei 225) returns of 36.73%
How much should you buy?
- Overall Portfolio exposure to Business Engineering Corp. should be less than 10%
- Overall Portfolio exposure to Computers - Software & Consulting should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Business Engineering Corp. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Business Engineering Corp.
61.6%
-0.72
90.55%
Japan Nikkei 225
36.73%
1.30
28.24%
Quality key factors
Factor
Value
Sales Growth (5y)
3.22%
EBIT Growth (5y)
24.34%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.69
Sales to Capital Employed (avg)
1.72
Tax Ratio
28.83%
Dividend Payout Ratio
35.95%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
111.95%
ROE (avg)
23.55%
Valuation Key Factors 
Factor
Value
P/E Ratio
17
Industry P/E
Price to Book Value
4.30
EV to EBIT
10.33
EV to EBITDA
8.78
EV to Capital Employed
11.67
EV to Sales
2.32
PEG Ratio
0.64
Dividend Yield
NA
ROCE (Latest)
113.03%
ROE (Latest)
24.89%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
No Trend
Technical Movement
14What is working for the Company
ROCE(HY)
Highest at 33.08%
NET SALES(Q)
Highest at JPY 6,299.18 MM
INTEREST COVERAGE RATIO(Q)
The company hardly has any interest cost
RAW MATERIAL COST(Y)
Fallen by -3.55% (YoY
NET PROFIT(9M)
Higher at JPY 3,699.52 MM
CASH AND EQV(HY)
Highest at JPY 22,010.16 MM
OPERATING PROFIT(Q)
Highest at JPY 2,009.28 MM
-8What is not working for the Company
INTEREST(HY)
At JPY 1.73 MM has Grown at 16.39%
DEBTORS TURNOVER RATIO(HY)
Lowest at 5.45 times
Here's what is working for Business Engineering Corp.
Net Sales
Highest at JPY 6,299.18 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 2,009.28 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Cash and Eqv
Highest at JPY 22,010.16 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Net Profit
Higher at JPY 3,699.52 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (JPY MM)
Raw Material Cost
Fallen by -3.55% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at JPY 242.53 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (JPY MM)
Here's what is not working for Business Engineering Corp.
Interest
At JPY 1.73 MM has Grown at 16.39%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debtors Turnover Ratio
Lowest at 5.45 times and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio






