Obermatt
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Change

TYO:3962 · JP3507750002
IT ServicesMedium

360

83
Medium confidence — indicative
EV / EBIT82
Price / Owner Earnings76
Owner Earnings Yield94
Dividend Yield1
Price/Sales68
EV / Gross Profit74
Price/Book78
Return on Capital60
Cash Return on Capital88
Return on Equity61
EBIT Margin100
Gross Profitability50
Cash Conversion28
Accruals32
Owner Earnings Margin98
Sales growth13
Profit Growth61
Long-Term EPS Growth20
Owner Earnings Growth54
Reinvestment89
Price momentum38
Debt load30
Refinancing78
Debt Payback58
Liquidity64
Analyst ratings84
Expectations trend50
Market mood9
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Change generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryJapan
IndustryIT Services
SizeMedium
TypePublic Company
ExchangeTSE
Founded2003
Websitechangeholdings.co.jp
ISINJP3507750002
Last UpdateApr 2, 2026
Index & Theme
HRTechBig DataInformation TechnologyInternet

Description

Analysis

Bargain bin

CHANGE Holdings,Inc. is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is attractive. The owner-earnings multiple stands at 6.6×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

Flags to be aware of: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
43
2023202420252026

All-time high

100

Jan 2023

All-time low

38

Mar 2026

Average rank

72

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
68
70
46
44
Price/Earnings
78
89
93
59
Price/Book
78
72
60
62
Dividend Yield
1
75
65
59
Value (overall)
65
91
74
69

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →