SI Research Memo (7): Dividends are performance-based with a payout ratio of 30%, and shareholders will receive Niigata prefecture's new harvest Koshihikari rice as a benefit.

■Shareholder Return Policy and Commitment to SDGs 1. Stem inc <3826> aims to improve TSR (stock price increase + dividends) through stable and continuous shareholder returns. It aims to achieve stock price appreciation through profit growth and has a policy to implement dividends with a payout ratio of 30%. For the fiscal year ending February 2024, the dividend per share will increase by 4.0 yen compared to the previous period, to 12.0 yen (payout ratio 13.9%). Payout ratio

Fisco JapanNov 15 10:07

SI Research Memo (6): Concentrate resources on ERP, AI, and development support tools, actively investing in the development of new businesses.

■ The future outlook of the system integrator <3826> 2. Two-year management plan (1) Performance targets and basic policies. The company announced a two-year management plan at the beginning of the term. For the second year of the plan, the performance target for the fiscal year ending February 2026 is set at a revenue of 5,000 million yen and an operating profit of 336 million yen, aiming to exceed the performance level that included E-Commerce business for the fiscal year ending February 2024. The plan is to place each business on a growth trajectory through strengthening sales and development functions.

Fisco JapanNov 15 10:06

SI Research Memo (5): The plan for the period ending February 2025 remains unchanged at the start, but there is room for upward adjustment.

■ The future outlook for Stem Inc. (3826) 1. Performance forecast for the fiscal year ending February 2025 The consolidated performance forecast for the fiscal year ending February 2025 is revenue of 4,508 million yen, operating profit of 160 million yen, ordinary profit of 178 million yen, and net income attributable to shareholders of the parent company of 109 million yen, maintaining the initial plan. Compared to the previous fiscal year's individual results based on existing businesses, revenue is expected to increase by 9.4% and operating profit by 2.5%. The progression rate up to the second quarter is 49.4% in terms of revenue.

Fisco JapanNov 15 10:05

SI Research Memo (3): Providing appearance inspection systems using AI and programming skill assessment services.

■ Business overview of the system integrator <3826> 3. AI Business In the AI business, the deep learning appearance inspection system "AISIA-AD" utilizing the latest image recognition technology was released in October 2018. By automating the appearance inspection process of manufacturing lines with deep learning technology, this system achieves significant labor savings. The deep learning technology of "AISIA-AD" is from Microsoft.

Fisco JapanNov 15 10:03

SI Research Memo (2): "Continuing to create software that gives time" Independent software development company.

System Integrator <3826> Business Overview The company, founded in 1995, is an independent software development company that sells and maintains its own software packages, as well as providing cloud services (saas). They are primarily focused on business expansion in the saas model for new products. Their current main products include the database development support tool "SI Object Browser" and the integrated project management tool "OBPM".

Fisco JapanNov 15 10:02

SI Research Memo (1): With the ERP business as the driving force, performance is expected to return to a growth trajectory after the fiscal year ending in February 2026.

■Summary: The system integrator <3826> is an independent software development company with the corporate slogan "Creating software that gives time rather than takes time" and is engaged in the development and sales of software that contributes to improving corporate productivity. In addition to the Object Browser business, which includes database development support tools like "SI Object Browser" and integrated project management tools like "OBPM neo",

Fisco JapanNov 15 10:01