System D (TSE:3804) Beginning Cash Position: 円2,101 Mil (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3804 System D Inc TSE:3804
80 GF Score
Price 円457.00
GF Value 円555.27
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is System D Beginning Cash Position?

System D TSE:3804 -1.51% 80 Beginning Cash Position is 円2,101 Mil as of Apr. 2026. GuruFocus rates TSE:3804 with a GF Score™ of 80/100 and a GF Value™ of 円555.27 (Modestly Undervalued). The stock has 3 warning signs investors should review.

System D's Beginning Cash Position for the quarter that ended in Apr. 2026 was 円2,101 Mil.

System D's quarterly Beginning Cash Position increased from Apr. 2025 (円2,026 Mil) to Oct. 2025 (円2,275 Mil) but then declined from Oct. 2025 (円2,275 Mil) to Apr. 2026 (円2,101 Mil).

System D's annual Beginning Cash Position declined from Oct. 2023 (円1,225 Mil) to Oct. 2024 (円1,187 Mil) but then increased from Oct. 2024 (円1,187 Mil) to Oct. 2025 (円2,026 Mil).

System D Beginning Cash Position Related Terms

System D Beginning Cash Position Historical Data

* Premium members only.

The historical data trend for System D's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

System D Beginning Cash Position Chart

System D Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,087.28 1,135.14 1,225.45 1,187.48 2,025.74

System D Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,187.48 -0.00 2,025.74 2,275.13 2,100.89
TSE:3804
80GF Score
System D Inc TSE:3804
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

System D Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of 円2,101 Mil mean?
System D (TSE:3804) has a Beginning Cash Position of 円2,101 Mil as of Apr. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on System D and its competitors.
Is System D's Beginning Cash Position too high?
System D's current Beginning Cash Position is 円2,101 Mil. Overall, System D has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does System D's Beginning Cash Position compare to QH and SHOP?
System D's Beginning Cash Position of 円2,101 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Software company?
A good Beginning Cash Position depends on the Software industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on System D and its competitors. System D's current Beginning Cash Position is 円2,101 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System D stock overvalued right now?
Based on GuruFocus' analysis, System D (TSE:3804) is currently considered Modestly Undervalued. The stock's GF Value™ is 円555.27, compared to a current price of 円457.00 — trading 17.7% below its estimated fair value. The current Beginning Cash Position is 円2,101 Mil. System D's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For System D (TSE:3804), the current Beginning Cash Position is 円2,101 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is System D (TSE:3804) Overvalued in 2026?

Based on GuruFocus' analysis, System D stock appears to be undervalued. The current stock price of 円457.00 is trading 17.7% below its estimated GF Value™ of 円555.27. GuruFocus considers System D to be Modestly Undervalued.

Key valuation signals for TSE:3804:

  • Beginning Cash Position: 円2,101 Mil
  • GF Value™: 円555.27 vs. price of 円457.00 (17.7% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the TSE:3804 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

System D Business Description

Address 603 Karasuma-dori Sanjo Agarubanocho, Nakagyo Ward, Kyoto, JPN, 604-8172
System D Inc creates industry-specialized package software. The software development serves the schools, fitness clubs, distributors and other institutions. Its products and services include: Campus Plan, School Engine, PPP, Public Property Management System, Common Financial Accounting System, Smart Hello/Hello EX, Smart Hello Ticket/Hello Fun, Regulations Management System, and Contract creation and management system.
80GF Score

Get the complete analysis for TSE:3804

Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円457.00
Price
円555.27
GF Value