System D Inc. risk profile
35 Normal where most of the sector sits
Measured 21 October 2026 from 3804.T's filed statements. Recomputed nightly.
35 (Normal), driven by Market expectation at 60, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 60 | Stretched | Stable | Drawdown from the 52-week high — 35.9% |
| Operating pressure | 41 | Elevated | Stable | Operating-margin drift — -2.6 percentage points |
| Cash conversion | 22 | Normal | Worsening | Capital spending against operating cash — 0.33x |
| Leverage and coverage | 8 | Contained | Stable | Current ratio — 1.87x |
| Competitive position | 34 | Normal | Stable | Revenue-growth gap against peers — -2.1 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.