{
 "as_of": "2026-11-06",
 "cmr": "jp-cm-kg/TSE-STANDARD/548A",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# SystemEXE,Inc. (Standard Market: 548A) — research page\n\nAs of 2026-11-06 · jp-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is SystemEXE,Inc., listed on the Standard Market under ticker 548A. The record holds no ISIN and no LEI; the LEI route is not on the record. Security type is Corporate. Segment is not on the record. Sector is 5250 Information & Communication. Jurisdiction is Japan, as an EDINET domestic filer. Status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 6 filings across 5 filing days in the window 2025-11-06 to 2026-11-06. By type, the record holds 3 prospectus, 1 ad hoc, 1 regulatory filing and 1 results filing. The median gap between filing days is 12.0 days. The latest filing is dated 2026-06-30 and is of type ad hoc, 129 days before the record date of 2026-11-06. The Standard Market median is 7 filings, a median cadence gap of 67.5 days and a median latency of 107 days across 1559 issuers. The 5250 Information & Communication sector median is 8.0 filings, a median cadence gap of 38 days and a median latency of 85.0 days across 644 issuers.\n\n## Auditor\n\nThe auditor of record is 太陽有限責任監査法人. Its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because this register has no lifecycle type map yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nFor the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the record carries no instrument class to place within it. The signal is null. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations pages.\n\n## Open research\n\nThe record holds 2 openly published research notes, both by 一般社団法人 証券リサーチセンター: one dated 2026-06-12 and one dated 2026-04-07.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed. The market's earliest sealed date is not on the record, and the live record began on a date not on the record.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx (identity.exchange)\n- https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip (identity.jurisdiction)\n- https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/548A (the disclosure lines)\n- https://www.jpx.co.jp/markets/equities/suspended/index.html (the halt flag)\n- https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YKKE (the auditor)\n- https://mcp.jp-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://holistic-r.org/adm/wp-content/uploads/2026/06/548A260612.pdf (open research)\n- https://holistic-r.org/adm/wp-content/uploads/2026/04/548A260407_en.pdf (open research)\n- https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/548A (the record)\n",
 "market": "JP",
 "node": "jp-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the JP vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "EDINET XBRL-to-CSV facts (API v2 type=5, 有価証券報告書 docTypeCode 120) — element jpcrp_cor:AuditFirm1Consolidated",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YKKE",
    "state": "sourced",
    "value": "太陽有限責任監査法人"
   },
   "auditor_firm_id": {
    "market": "JP",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "JP",
    "state": "not_on_record"
   },
   "changes": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "jp-cm-kg/TSE-STANDARD/548A",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 1559,
     "median_cadence_gap_days": 67.5,
     "median_filings": 7,
     "median_latency_days": 107,
     "name": "Standard Market"
    },
    "sector": {
     "issuers": 644,
     "median_cadence_gap_days": 38,
     "median_filings": 8,
     "median_latency_days": 85,
     "name": "5250 Information & Communication"
    }
   },
   "by_type": {
    "ad_hoc": 1,
    "prospectus": 3,
    "regulatory_filing": 1,
    "results": 1
   },
   "cadence_median_gap_days": 12,
   "filing_days": 5,
   "filings": 6,
   "latency_days": 129,
   "latest": [
    {
     "category": "臨時報告書 (extraordinary report)",
     "date": "2026-06-30",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YN56",
     "title": "臨時報告書",
     "type": "ad_hoc"
    },
    {
     "category": "135",
     "date": "2026-06-26",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YKL2",
     "title": "確認書",
     "type": "regulatory_filing"
    },
    {
     "category": "有価証券報告書 (annual securities report)",
     "date": "2026-06-26",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YKKE",
     "title": "有価証券報告書－第29期(2025/04/01－2026/03/31)",
     "type": "results"
    },
    {
     "category": "040",
     "date": "2026-03-27",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XV2U",
     "title": "訂正有価証券届出書（新規公開時）",
     "type": "prospectus"
    },
    {
     "category": "040",
     "date": "2026-03-18",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XROV",
     "title": "訂正有価証券届出書（新規公開時）",
     "type": "prospectus"
    }
   ],
   "latest_filing_date": "2026-06-30",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/548A",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Standard Market"
   },
   "isin": {
    "market": "JP",
    "reason": "no LEI, so no GLEIF ISIN route",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "EDINET code list (Edinetcode.zip, filer master with corporate number) (提出者種別)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip",
    "state": "sourced",
    "value": "Japan (EDINET domestic filer)"
   },
   "lei": {
    "market": "JP",
    "reason": "no GLEIF record registered as 0100-01-019680 (RA000412)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "SystemEXE,Inc."
   },
   "sector": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English) (33-sector classification)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "5250 Information & Communication"
   },
   "security_type": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "JP",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "548A"
   },
   "website": {
    "market": "JP",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "JP",
  "node": "jp-cm-kg",
  "numbers_hash": "sha256:a297d42de9ca0d404709f475092a0a5abca0908f51f90e0e8d0754557892bcbc",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2026-06-12",
     "kind": "independent",
     "publisher": "一般社団法人 証券リサーチセンター",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://holistic-r.org/adm/wp-content/uploads/2026/06/548A260612.pdf",
     "state": "sourced",
     "title": "新規上場会社フォローアップ・レポート システムエグゼ（548A 東証スタンダード）"
    },
    {
     "date": "2026-04-07",
     "kind": "independent",
     "publisher": "一般社団法人 証券リサーチセンター",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://holistic-r.org/adm/wp-content/uploads/2026/04/548A260407_en.pdf",
     "state": "sourced",
     "title": "新規上場会社紹介レポート システムエグゼ（548A 東証スタンダード）"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Qualified Institutional Investors"
   ],
   "outcomes": {
    "Qualified Institutional Investors": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.jp-cm-kg.ai/book/aio.json",
    "door": "https://mcp.jp-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/jp/suitability-principle-fiea-article-40/r1",
   "section": "jp.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/548A",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:a297d42de9ca0d404709f475092a0a5abca0908f51f90e0e8d0754557892bcbc",
 "path": "/jp/TSE-STANDARD/548A",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is SystemEXE,Inc., listed on the Standard Market under ticker 548A. The record holds no ISIN and no LEI; the LEI route is not on the record. Security type is Corporate. Segment is not on the record. Sector is 5250 Information & Communication. Jurisdiction is Japan, as an EDINET domestic filer. Status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 6 filings across 5 filing days in the window 2025-11-06 to 2026-11-06. By type, the record holds 3 prospectus, 1 ad hoc, 1 regulatory filing and 1 results filing. The median gap between filing days is 12.0 days. The latest filing is dated 2026-06-30 and is of type ad hoc, 129 days before the record date of 2026-11-06. The Standard Market median is 7 filings, a median cadence gap of 67.5 days and a median latency of 107 days across 1559 issuers. The 5250 Information & Communication sector median is 8.0 filings, a median cadence gap of 38 days and a median latency of 85.0 days across 644 issuers.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is 太陽有限責任監査法人. Its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because this register has no lifecycle type map yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the record carries no instrument class to place within it. The signal is null. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations pages.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 2 openly published research notes, both by 一般社団法人 証券リサーチセンター: one dated 2026-06-12 and one dated 2026-04-07.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed. The market's earliest sealed date is not on the record, and the live record began on a date not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/548A"
  },
  {
   "for": "the halt flag",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html"
  },
  {
   "for": "the auditor",
   "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YKKE"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.jp-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://holistic-r.org/adm/wp-content/uploads/2026/06/548A260612.pdf"
  },
  {
   "for": "open research",
   "source": "https://holistic-r.org/adm/wp-content/uploads/2026/04/548A260407_en.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/548A"
  }
 ],
 "title": "SystemEXE,Inc. (548A) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}