Information & Communication · Fiscal year end Dec 31

EM SYSTEMS CO.,LTD.

4820

株式会社イーエムシステムズ（商号　株式会社ＥＭシステムズ）

FIGI BBG000DNDTJ64820.T4820 JPCorp. no. 8120001053779

Latest half-year results

First half · fiscal year to 2026-12 · filed 2026-08-10

For the first half of the fiscal year to 2026-12: Revenue ¥10.4 billion (-14.1% YoY), Ordinary income ¥1.3 billion (-46.7% YoY), Net income ¥0.7 billion (-58.6% YoY).

	This period	Year on year
Revenue	¥10.4bn	-14.1%
Ordinary profit	¥1.3bn	-46.7%
Net profit to owners	¥663m	-58.6%

From the securities report on EDINET, which states no forecast. History via /v1/companies/4820/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2025-12-31

Revenue: ¥23.7bn
Net income: ¥2.5bn
ROE: 12.0%
Equity ratio: 73.9%
Dividend / share: ¥39
Employees: 858

Revenue · ¥bn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2025-12-31	¥23.7bn	¥2.5bn	¥27.5bn	¥20.4bn	12.0%	¥35.44	¥2.0bn
2024-12-31	¥24.8bn	¥2.4bn	¥31.7bn	¥20.6bn	11.8%	¥34.54	¥5.8bn
2023-12-31	¥20.4bn	¥2.0bn	¥29.4bn	¥20.6bn	9.8%	¥27.76	¥1.6bn
2022-12-31	¥16.9bn	¥1.9bn	¥26.3bn	¥19.5bn	9.9%	¥26.75	¥2.5bn
2021-12-31	¥14.4bn	¥1.8bn	¥24.8bn	¥18.8bn	10.1%	¥25.72	¥1.7bn

Indicators

Computed by us from filings · fiscal year to 2025-12-31

Metric	Value	Percentile among listed companies
ROE, %	12	67.7
Ordinary margin	0.1823	87.9
Equity ratio, %	73.9	80.9
Revenue growth	-0.0475	12.4
Net income growth	0.0111	36.9
Operating cash flow / assets	0.073	56.6

Policy-uncertainty measure1.27 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Fiscal & tax 1 Politics & geopolitics 1

Ownership activity 0 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change 0.00pt in 90 days; 0.0% held by other listed companies.

Results wording balance: +1.00. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥582m of reported debt repriced by 50 basis points, a year's interest would rise by ¥3m, 0.1% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/4820/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Internal control, 2026-03-26: see filing 上記の評価の結果、当事業年度末日時点において、当社グループの財務報告に係る内部統制は有効であると判断いたしました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Pharmacy Receipt Computer, Medecl Computer, Care Welfare IT Systems Business, Other. /v1/companies/4820/segments

Latest voting result: 2026-03-27 · 剰余金の処分の件 · passed. /v1/companies/4820/voting

Ownership changes

All companies →

2025-05-26

Amendment+2.21pt

individual filer filed a correction to a 5% report on EM SYSTEMS CO.,LTD. (4820).

S100VTEZOriginal filing (PDF, Japanese)
2025-05-12

Increase+2.21pt

individual filer raised holdings in EM SYSTEMS CO.,LTD. (4820) to 40.04% from 37.83%.

S100VPYFOriginal filing (PDF, Japanese)
2024-05-29

Increase+1.03pt

VARECS Partners Limited raised holdings in EM SYSTEMS CO.,LTD. (4820) to 11.53% from 10.50%.

S100THM1Filer profile Original filing (PDF, Japanese)
2024-01-11

Below 5%−5.00pt

United Managers Japan Inc. cut holdings in EM SYSTEMS CO.,LTD. (4820) to 0.00% from 5.00%, below the 5% threshold.

S100SKWEFiler profile Original filing (PDF, Japanese)
2024-01-11

Increase+5.48pt

VARECS Partners Limited raised holdings in EM SYSTEMS CO.,LTD. (4820) to 10.50% from 5.02%.

S100SL35Filer profile Original filing (PDF, Japanese)
2024-01-11

Threshold

Holdings of VARECS Partners Limited in EM SYSTEMS CO.,LTD. (4820) moved above 10% (5.02% -> 10.50%).

S100SL35Filer profile Original filing (PDF, Japanese)
2023-11-16

Decrease−0.50pt

MEDIPAL HOLDINGS CORPORATION reduced holdings in EM SYSTEMS CO.,LTD. (4820) to 9.48% from 9.98%.

S100SBCTFiler profile Original filing (PDF, Japanese)
2023-08-25

Stated it may make proposals

VARECS Partners Limited states it may make proposals to the management of EM SYSTEMS CO.,LTD. (4820) (first filing).

S100RR0FFiler profile Original filing (PDF, Japanese)
2023-08-25

New 5% stake

VARECS Partners Limited disclosed a 5.02% stake in EM SYSTEMS CO.,LTD. (4820), crossing the 5% reporting threshold.

S100RR0FFiler profile Original filing (PDF, Japanese)
2023-01-12

New 5% stake

United Managers Japan Inc. disclosed a 5.00% stake in EM SYSTEMS CO.,LTD. (4820), crossing the 5% reporting threshold.

S100PWTIFiler profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
株式会社ヴァレックス・パートナーズ	2023-08-16 – 2024-05-22	+637,900	+0.86pt	—	—
ユナイテッド・マネージャーズ・ジャパン株式会社	2022-01-31 – 2023-12-29	+219,100	+0.26pt	—	—

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/4820/trades.

5% filings

Large shareholding reports on 4820

Filed	Filer	Stake	Change	Stated purpose
2025-05-26	individual filer	40.04%	+2.21pt	management participation
2025-05-12	individual filer	40.04%	+2.21pt	management participation
2024-05-29	VARECS Partners Limited	11.53%	+1.03pt	may make proposals pure investment
2024-01-11	United Managers Japan Inc.	0.00%	−5.00pt	—
2024-01-11	VARECS Partners Limited	10.50%	+5.48pt	may make proposals pure investment
2023-11-16	MEDIPAL HOLDINGS CORPORATION	9.48%	−0.50pt	strategic holding
2023-08-25	VARECS Partners Limited	5.02%	—	may make proposals pure investment
2023-01-12	United Managers Japan Inc.	5.00%	—	may make proposals pure investment
2022-11-21	United Managers Japan Inc.	4.99%	−0.01pt	may make proposals pure investment
2022-04-07	United Managers Japan Inc.	5.00%	—	may make proposals pure investment

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: — issues
Book value: —
Sold in the year: — — issues
Bought in the year: — — issues
Mutual, both reports: 0
Held by listed cos.: 0

Purposes, all holdings and mutual flags via /v1/companies/4820/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2025-12-31

Shareholder	Shares	Ratio
株式会社コッコウ	26,009,000	37.57%
株式会社メディパルホールディングス	7,063,000	10.20%
individual holder	3,645,000	5.27%
ゴールドマン・サックス・アンド・カンパニー　レギュラーアカウント	3,461,000	5.00%
日本マスタートラスト信託銀行株式会社（信託口）	2,687,000	3.88%
individual holder	2,046,000	2.96%
エプソン販売株式会社	1,959,000	2.83%
individual holder	1,432,000	2.07%
ＥＭシステムズ従業員持株会	925,000	1.34%
アルフレッサホールディングス株式会社	600,000	0.87%

U.S. funds holding 4820

SEC Form N-PORT, reports to 2026-07-31

28 U.S. funds held 1,645,540 shares worth $5.5m.

Fund	Shares	Value	% of fund	As of
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	453,291	$1.6m	0.000%	2026-07-31
VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS	317,049	$1.0m	0.000%	2026-06-30
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	160,500	$0.6m	0.004%	2026-07-31
INTERNATIONAL CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC	145,500	$0.5m	0.001%	2026-07-31
WisdomTree International SmallCap Dividend Fund WisdomTree Trust	71,000	$0.2m	0.021%	2026-06-30

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/4820
GET /v1/companies/4820/financials
GET /v1/companies/4820/details
GET /v1/companies/4820/segments
GET /v1/companies/4820/voting
GET /v1/companies/4820/tender-offers
GET /v1/companies/4820/indicators
GET /v1/companies/4820/earnings-releases
GET /v1/events?ticker=4820
GET /v1/companies/4820/trades         
GET /v1/companies/4820/cross-holdings 
GET /v1/companies/4820/brief

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