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FINDEX Inc. (3649.T)

JPY882.00 -3.00 (-0.34%)
JP JPX Healthcare Medical - Healthcare Information Services
Address Asahiseimei-Otemachi Building 100-0004
Tokyo, JP
CEO Teruo Aibara
IPO 2011-03-23
ISIN JP3801450002

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Description

FINDEX Inc., a company established in Tokyo in 1985, focuses on the creation, production, and distribution of medical technology systems across Japan. Their portfolio features Claio, a comprehensive medical imaging database management system utilized by hospitals of all sizes, and C-Note, a dedicated platform for managing patient progress notes. They also offer DocuMaker, a sophisticated document and data management solution engineered with various input tools to boost efficiency, and the GAP/GAP-screener, which is an advanced gaze analyzing perimeter. Additionally, FINDEX Inc. develops mobile applications for smartphones. Their services cater to a wide range of medical clients, including hospitals, clinics, and other healthcare institutions. The organization adopted its current name, FINDEX Inc., in November 2014, having previously operated as PSC Inc.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY882.00 -3.00 (-0.34%)
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Volume Profile
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Liquidity & share structure
Average Volume
86.5K
Beta
0.34
Float Shares
10.76M
Free Float %
44.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.84% -1.53% -5.49% -12.84% -14.10% -15.41% +8.86% +24.44% -28.40% -53.57% +807.07%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
882.00
DCF (Unlevered) 3,453.18 +291.5%
DCF (Levered) 4,743.15 +437.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
12.49
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Healthcare Information Services: +14.2%
    +4.6% Q1'26: +2.0% (vs Q1'25)
  • EPS growth Medical - Healthcare Information Services: +43.1%
    +10.5% Q1'26: +2.4% (vs Q1'25)
  • FCF margin FCF growth · Medical - Healthcare Information Services: +49.2%
    +25.0% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Medical - Healthcare Information Services: +8.8%
    +29.3% Q1'26: +40.4% (vs Q1'25)
  • ROIC Medical - Healthcare Information Services: +5.2%
    +33.9% Q1'26: +52.1% (vs Q1'25)
  • Share dilution Medical - Healthcare Information Services: -0.1%
    -2.2% Q1'26: -4.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Healthcare Information Services: -0.74×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.32) × ERP
WACC = 100% × Ke + 0% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,258.04 Current price: 882.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
2.95B
est: 2.90B (+1.8%)
3.29B
est: 3.24B (+1.5%)
3.31B
est: 3.50B (-5.4%)
3.60B
est: 3.50B (+3.0%)
4.28B
est: 4.10B (+4.4%)
4.00B
est: 4.00B (+0.1%)
4.97B
est: 4.90B (+1.4%)
4.54B
est: 4.60B (-1.3%)
5.19B
est: 5.00B (+3.8%)
5.84B
est: 5.90B (-1.0%)
6.11B
est: 6.15B (-0.7%)
6.25B
6.25B – 6.25B
+1.6% YoY
7.07B
7.07B – 7.07B
+13.1% YoY
7.70B
7.70B – 7.70B
+8.9% YoY
EBITDA
976.42M
est: 817.47M (+19.4%)
1.07B
est: 913.31M (+17.5%)
923.80M
est: 986.60M (-6.4%)
1.00B
est: 986.60M (+1.4%)
1.17B
est: 1.16B (+1.1%)
1.02B
est: 1.13B (-9.8%)
1.23B
est: 1.38B (-11.0%)
1.28B
est: 1.30B (-1.0%)
1.75B
est: 1.41B (+24.5%)
1.82B
est: 2.59B (-29.8%)
2.10B
est: 2.70B (-22.2%)
2.74B
2.74B – 2.74B
+1.6% YoY
3.10B
3.10B – 3.10B
+13.1% YoY
3.38B
3.38B – 3.38B
+8.9% YoY
EBIT
670.29M
est: 660.84M (+1.4%)
724.66M
est: 738.32M (-1.8%)
546.24M
est: 797.57M (-31.5%)
592.97M
est: 797.57M (-25.7%)
743.01M
est: 934.29M (-20.5%)
636.28M
est: 911.51M (-30.2%)
920.36M
est: 1.12B (-17.6%)
1.03B
est: 1.05B (-1.9%)
1.50B
est: 1.14B (+31.3%)
1.53B
est: 2.36B (-35.4%)
1.79B
est: 2.46B (-27.3%)
2.50B
2.50B – 2.50B
+1.6% YoY
2.83B
2.83B – 2.83B
+13.1% YoY
3.08B
3.08B – 3.08B
+8.9% YoY
Net Income
441.40M
est: 325.90M (+35.4%)
499.92M
est: 451.64M (+10.7%)
366.63M
est: 546.59M (-32.9%)
398.02M
est: 379.79M (+4.8%)
499.25M
est: 487.56M (+2.4%)
430.46M
est: 438.81M (-1.9%)
636.03M
est: 721.08M (-11.8%)
722.78M
est: 569.68M (+26.9%)
1.06B
est: 921.24M (+15.0%)
1.16B
est: 1.08B (+7.9%)
1.26B
est: 1.24B (+1.4%)
1.36B
1.36B – 1.36B
+9.5% YoY
1.54B
1.54B – 1.54B
+13.7% YoY
1.90B
1.90B – 1.90B
+23.3% YoY
SGA
924.95M
est: 1.00B (-7.9%)
1.15B
est: 1.12B (+2.6%)
1.33B
est: 1.21B (+10.1%)
1.31B
est: 1.21B (+7.8%)
1.51B
est: 1.42B (+6.2%)
1.41B
est: 1.38B (+1.9%)
1.61B
est: 1.70B (-5.1%)
1.66B
est: 1.59B (+4.0%)
1.78B
est: 1.73B (+2.8%)
1.99B
est: 2.04B (-2.7%)
2.19B
est: 2.13B (+3.1%)
2.16B
2.16B – 2.16B
+1.6% YoY
2.45B
2.45B – 2.45B
+13.1% YoY
2.67B
2.67B – 2.67B
+8.9% YoY
EPS
17.00
est: 12.70 (+33.9%)
19.35
est: 17.60 (+9.9%)
14.21
est: 21.30 (-33.3%)
15.43
est: 14.80 (+4.3%)
19.50
est: 19.00 (+2.6%)
16.81
est: 17.10 (-1.7%)
24.84
est: 28.10 (-11.6%)
28.21
est: 22.20 (+27.1%)
41.31
est: 35.90 (+15.1%)
45.30
est: 42.90 (+5.6%)
50.07
est: 49.40 (+1.4%)
54.10
54.10 – 54.10
+9.5% YoY
61.50
61.50 – 61.50
+13.7% YoY
75.80
75.80 – 75.80
+23.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-05-14 B+ 3/5 4/5 5/5 5/5 1/5 2/5 2/5
2026-05-13 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-12 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-11 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-08 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-07 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-05-01 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-28 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 A- 4/5 4/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
12.43M
OE per share TTM
0.49
Owner's Yield
0.07%
Maintenance CapEx ratio
0.94%
Maint CapEx / Avg PPE
1.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 9 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amundi Japan TOPIX II UCITS ETF EUR Dist JPNU.L 0.00% 25.5K 0.45%
2 State Street SPDR Portfolio Developed World ex-US ETF SPDW 0.00% 1.06M 0.03%
3 Dimensional - International Small Cap ETF DFIS 0.00% 125.4K 0.39%
4 iShares Core TOPIX ETF 1475.T 0.00% 212.1K 0.05%
5 Dimensional - International Core Equity 2 ETF DFIC 0.00% 100.6K 0.22%
6 Avantis International Small Cap Equity ETF AVDS 0.00% 1.7K 0.30%
7 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 58.9K 0.28%
8 Avantis International Equity ETF AVDE 0.00% 16.8K 0.23%
9 Dimensional - International Core Equity Market ETF DFAI 0.00% 0.18%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.76M
Shares Outstanding
24.41M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chikara Miyagawa Head of Information Security & Director male
Hiroaki Hasegawa Director of Consulting & Director male
Keisuke Kakiuchi Head of Hospital Solutions & Director
Koji Kondo Medical Solutions Manager & Director male
Takahiro Yazawa Finance & Investor Relations Officer and Director
Teruo Aibara Chief Executive Officer, President & Representative Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits