System D (TSE:3804) Goodwill: 円136 Mil (As of Apr. 2026)


TSE:3804 System D Inc TSE:3804
80 GF Score
Price 円431.00
GF Value 円550.76
Valuation Modestly Undervalued
! 3 Warning Signs
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What is System D Goodwill?

System D TSE:3804 -0.46% 80 Goodwill is 円136 Mil as of Apr. 2026. GuruFocus rates TSE:3804 with a GF Score™ of 80/100 and a GF Value™ of 円550.76 (Modestly Undervalued). The stock has 3 warning signs investors should review.

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. System D's goodwill for the quarter that ended in Apr. 2026 was 円136 Mil.


System D  (TSE:3804) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

System D's Goodwill-to-Asset Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Goodwill-to-Asset (A: Oct. 2025 )=Goodwill/Total Assets
=148.482/7360.691
=0.02

System D's Goodwill-to-Asset Ratio for the quarter that ended in Apr. 2026 is calculated as

Goodwill-to-Asset (Q: Apr. 2026 )=Goodwill/Total Assets
=136.07/7607.378
=0.02

* 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.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


System D Goodwill Related Terms


System D Goodwill Historical Data

* Premium members only.

The historical data trend for System D's Goodwill 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 Goodwill Chart

System D Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.75 70.21 198.13 173.31 148.48

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
Goodwill 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 185.72 173.31 160.90 148.48 136.07
TSE:3804
80GF Score
System D Inc TSE:3804
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
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System D Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

Frequently Asked Questions Learn more about Goodwill →
What does a Goodwill of 円136 Mil mean?
System D (TSE:3804) has a Goodwill of 円136 Mil as of Apr. 2026. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on System D and its competitors.
Is System D's Goodwill too high?
System D's current Goodwill is 円136 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 Goodwill compare to UBER and SHOP?
System D's Goodwill of 円136 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 Goodwill for a Software company?
A good Goodwill depends on the Software industry context. However, Goodwill 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 Goodwill mean?
A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on System D and its competitors. System D's current Goodwill is 円136 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550.76, compared to a current price of 円431.00 — trading 21.7% below its estimated fair value. The current Goodwill is 円136 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 Goodwill calculated?
Goodwill is calculated from a company's financial statements. For System D (TSE:3804), the current Goodwill is 円136 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431.00 is trading 21.7% below its estimated GF Value™ of 円550.76. GuruFocus considers System D to be Modestly Undervalued.

Key valuation signals for TSE:3804:

  • Goodwill: 円136 Mil
  • GF Value™: 円550.76 vs. price of 円431.00 (21.7% 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

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

円431.00
Price
円550.76
GF Value