|
OBIC
|
Japan |
ERP Software,
IT Consulting
|
JPY 5030
|
$12.8B |
15.4x |
22.9x |
|
Oracle Corp Japan
|
Japan |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers
|
JPY 13245
|
$10.5B |
6.0x |
18.2x |
|
M3 Inc.
|
Japan |
Healthcare Software,
Online Content & News
|
JPY 2399
|
$9.6B |
4.4x |
17.5x |
|
Trend Micro
|
Japan |
Cybersecurity
|
JPY 7697
|
$5.1B |
2.9x |
9.9x |
|
CyberAgent
|
Japan |
Advertising & Marketing,
AdTech Software
|
JPY 1361
|
$3.4B |
0.6x |
6.8x |
|
Biprogy
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 5635
|
$3.4B |
1.3x |
8.9x |
|
Internet Initiative Japan
|
Japan |
IT Consulting,
Network Management,
Internet Service Providers
|
JPY 2871
|
$3.2B |
1.5x |
8.4x |
|
PHC Holdings
|
Japan |
Medical Devices,
Healthcare Software
|
JPY 1034
|
$2.2B |
0.9x |
6.9x |
|
Money Forward
|
Japan |
Financial Management Software
|
JPY 4163
|
$1.4B |
4.6x |
50.9x |
|
Justsystems
|
Japan |
Content Management Software,
Developer Tools
|
JPY 5030
|
$1.4B |
4.8x |
N/A |
|
Sansan
|
Japan |
Sales & Marketing Automation Software
|
JPY 1642
|
$1.2B |
3.8x |
30.2x |
|
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 509
|
$1.0B |
1.8x |
N/A |
|
Freee
|
Japan |
Financial Management Software,
Human Capital Management Software,
ERP Software
|
JPY 2964
|
$981M |
4.1x |
80.2x |
|
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 3085
|
$914M |
4.2x |
18.7x |
|
Cybozu
|
Japan |
Communication & Collaboration Software,
Productivity Software
|
JPY 3015
|
$835M |
3.5x |
10.7x |
|
Appier Group
|
Japan |
Pure-Play AI Software,
Sales & Marketing Automation Software
|
JPY 1106
|
$666M |
2.4x |
14.4x |
|
PKSHA Technology
|
Japan |
Pure-Play AI Software
|
JPY 3340
|
$610M |
4.0x |
16.8x |
|
Tsuburaya Fields Holdings
|
Japan |
Casinos & Gambling,
Online Betting,
Travel & Hospitality Software
|
JPY 1875
|
$579M |
0.6x |
4.9x |
|
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2314
|
$530M |
4.7x |
12.5x |
|
Medley Inc.
|
Japan |
Healthcare Software,
Telemedicine & Virtual Care
|
JPY 2405
|
$527M |
2.2x |
17.2x |
|
Infomart
|
Japan |
E-commerce Software,
Supply Chain Management Software
|
JPY 361
|
$509M |
4.2x |
18.0x |
|
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 2504
|
$492M |
4.8x |
21.8x |
|
Digital Arts
|
Japan |
Cybersecurity,
Public Sector & Non-Profit Software
|
JPY 6860
|
$468M |
6.5x |
N/A |
|
Septeni Holdings
|
Japan |
AdTech Software
|
JPY 415
|
$434M |
2.2x |
14.4x |
|
Broadleaf
|
Japan |
Automotive Software
|
JPY 716
|
$427M |
3.3x |
N/A |
|
ZUKEN
|
Japan |
Design & Engineering Software,
Industrial Software
|
JPY 4600
|
$405M |
1.6x |
N/A |
|
Software Service
|
Japan |
Healthcare Software,
EHR & Practice Management
|
JPY 14080
|
$403M |
1.5x |
9.6x |
|
Bengo4.com
|
Japan |
Legal Services,
Tax & Accounting,
Governance, Risk & Compliance Software,
Lead Generation,
Vertical Marketplaces,
Consumer Marketplaces
|
JPY 2923
|
$402M |
4.0x |
21.9x |
|
ExaWizards
|
Japan |
Pure-Play AI Software,
IT Consulting
|
JPY 714
|
$381M |
5.3x |
N/A |
|
Avant Group
|
Japan |
Financial Management Software,
Business Consulting
|
JPY 1780
|
$320M |
1.7x |
9.8x |
|
EM Systems Co.
|
Japan |
Healthcare Software,
EHR & Practice Management
|
JPY 801
|
$307M |
2.1x |
11.4x |
|
Value HR
|
Japan |
Healthcare Software,
Health Benefits & Financial Solutions
|
JPY 1682
|
$302M |
5.6x |
N/A |
|
Miroku Jyoho Service
|
Japan |
Financial Management Software,
Tax & Accounting
|
JPY 1825
|
$301M |
1.0x |
N/A |
|
Fixstars
|
Japan |
IoT,
AI Chips & Hardware
|
JPY 1584
|
$295M |
4.8x |
N/A |
|
Fukui Computer Group
|
Japan |
Design & Engineering Software
|
JPY 3010
|
$264M |
2.7x |
6.0x |
|
eWeLL Co
|
Japan |
Healthcare Software
|
JPY 2651
|
$245M |
11.5x |
23.6x |
|
Safie
|
Japan |
Video & Streaming Software
|
JPY 793
|
$245M |
2.0x |
N/A |
|
Vrain Solution
|
Japan |
Pure-Play AI Software,
Industrial Software
|
JPY 3665
|
$241M |
17.5x |
N/A |
|
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1558
|
$225M |
0.6x |
N/A |
|
AnyMind Group
|
Japan |
Sales & Marketing Automation Software,
AdTech Software,
BI & Analytics Software
|
JPY 550
|
$218M |
0.7x |
8.6x |
|
Hennge
|
Japan |
Cybersecurity
|
JPY 1283
|
$216M |
3.1x |
N/A |
|
Alpha Systems
|
Japan |
Network Management
|
JPY 4040
|
$212M |
0.9x |
N/A |
|
Plaid
|
Japan |
Sales & Marketing Automation Software
|
JPY 764
|
$169M |
1.9x |
N/A |
|
Kusurinomadoguchi
|
Japan |
Healthcare Software
|
JPY 2522
|
$168M |
2.3x |
N/A |
|
MTI Ltd.
|
Japan |
Healthcare Software,
Health & Beauty
|
JPY 743
|
$161M |
0.8x |
N/A |
|
Systems Engineering
|
Japan |
Industrial Software,
Robotics,
Satellite Communications
|
JPY 2787
|
$154M |
2.3x |
N/A |
|
Amiya
|
Japan |
Network Management,
IT Consulting
|
JPY 3180
|
$149M |
N/A |
N/A |
|
Abeja
|
Japan |
Pure-Play AI Software
|
JPY 2623
|
$148M |
6.4x |
N/A |
|
Kanamic Network
|
Japan |
Healthcare Software,
EHR & Practice Management
|
JPY 540
|
$147M |
4.1x |
11.2x |
|
oRo Co.
|
Japan |
ERP Software,
IT Consulting
|
JPY 2028
|
$145M |
2.7x |
N/A |
|
User Local
|
Japan |
BI & Analytics Software,
Pure-Play AI Software
|
JPY 1925
|
$142M |
4.8x |
N/A |
|
Fan Communications
|
Japan |
AdTech Software
|
JPY 532
|
$133M |
3.0x |
N/A |
|
Geniee
|
Japan |
AdTech Software
|
JPY 1031
|
$132M |
1.8x |
N/A |
|
Findex
|
Japan |
Healthcare Software,
EHR & Practice Management
|
JPY 918
|
$129M |
3.3x |
10.4x |
|
NeoJapan
|
Japan |
Communication & Collaboration Software,
Sales & Marketing Automation Software,
Productivity Software
|
JPY 1778
|
$124M |
2.7x |
N/A |
|
Digital Hearts Holdings
|
Japan |
IT Consulting,
Travel & Hospitality Software
|
JPY 941
|
$118M |
0.5x |
5.4x |
|
Intelligent Wave
|
Japan |
Financial Services Software,
Payments Infrastructure
|
JPY 942
|
$117M |
1.2x |
N/A |
|
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2825
|
$110M |
5.0x |
N/A |
|
PCA Corp.
|
Japan |
Financial Management Software
|
JPY 1769
|
$103M |
1.0x |
N/A |
|
Medical Data Vision
|
Japan |
Healthcare Software,
Health Data & Analytics
|
JPY 466
|
$101M |
2.3x |
27.6x |
|
BASE
|
Japan |
E-commerce Software
|
JPY 317
|
$97.0M |
0.9x |
18.8x |
|
Cyber Security Cloud
|
Japan |
Cybersecurity
|
JPY 1760
|
$96.2M |
3.9x |
N/A |
|
OpenWork
|
Japan |
Human Capital Management Software,
Online Jobs & Recruitment,
Consumer Marketplaces,
Vertical Marketplaces
|
JPY 1012
|
$90.8M |
4.0x |
N/A |
|
eBASE
|
Japan |
Content Management Software
|
JPY 421
|
$88.5M |
2.5x |
N/A |
|
CE Holdings
|
Japan |
Healthcare Software,
EHR & Practice Management
|
JPY 996
|
$87.4M |
0.9x |
N/A |
|
Heroz
|
Japan |
Vertical AI Applications
|
JPY 863
|
$86.1M |
2.1x |
16.9x |
|
Kubell
|
Japan |
Communication & Collaboration Software
|
JPY 365
|
$83.7M |
1.5x |
15.2x |
|
Elements
|
Japan |
Cybersecurity
|
JPY 528
|
$83.1M |
N/A |
N/A |
|
Kudan
|
Japan |
Autonomous AI & Robotics,
Robotics,
Autonomous Tech,
VR & AR
|
JPY 1250
|
$77.7M |
17.9x |
N/A |
|
Laboro AI
|
Japan |
Pure-Play AI Software
|
JPY 844
|
$73.7M |
6.0x |
N/A |
|
Susmed
|
Japan |
Healthcare Software,
Medical Devices
|
JPY 912
|
$70.2M |
23.7x |
N/A |
|
Fast Accounting
|
Japan |
Financial Management Software
|
JPY 1040
|
$63.6M |
5.8x |
N/A |
|
Data Horizon
|
Japan |
Healthcare Software,
Health Data & Analytics
|
JPY 520
|
$61.3M |
N/A |
N/A |
|
i-mobile Co.
|
Japan |
AdTech Software
|
JPY 533
|
$60.2M |
0.4x |
N/A |
|
SpiderPlus
|
Japan |
Industrial Software
|
JPY 296
|
$56.3M |
1.6x |
N/A |
|
Enechange
|
Japan |
Energy & Utilities Software,
Industrial Software,
Price Comparison,
Lead Generation,
Consumer Marketplaces,
Vertical Marketplaces
|
JPY 275
|
$53.8M |
1.6x |
N/A |
|
Unerry
|
Japan |
AdTech Software
|
JPY 2580
|
$51.3M |
1.9x |
N/A |
|
Jig.jp
|
Japan |
Consumer Apps,
Productivity Software,
Streaming
|
JPY 236
|
$36.9M |
0.4x |
N/A |
|
SOFTMAX
|
Japan |
Healthcare Software,
EHR & Practice Management
|
JPY 326
|
$36.8M |
1.1x |
N/A |
|
Unirita
|
Japan |
IT Operations Management,
Network Management
|
JPY 1940
|
$31.3M |
0.4x |
N/A |
|
All About
|
Japan |
AdTech Software,
Online Content & News
|
JPY 381
|
$24.7M |
0.2x |
N/A |
|
Towa Hi System
|
Japan |
Healthcare Software,
EHR & Practice Management
|
JPY 2374
|
$24.2M |
1.6x |
N/A |
|
ValueCommerce Co
|
Japan |
AdTech Software
|
JPY 681
|
$21.3M |
0.1x |
0.7x |
|
RareJob
|
Japan |
Education & Training,
Learning Platforms,
Education Software
|
JPY 303
|
$16.1M |
0.3x |
3.4x |
|
GVA Tech
|
Japan |
Professional Services Software
|
JPY 495
|
$15.1M |
N/A |
N/A |
|
Welby
|
Japan |
Digital Therapeutics,
Healthcare Software
|
JPY 285
|
$13.0M |
3.8x |
N/A |
|
visumo
|
Japan |
AdTech Software
|
JPY 1322
|
$11.8M |
2.2x |
N/A |
|
MRSO
|
Japan |
Healthcare Software,
Health Data & Analytics
|
JPY 978
|
$10.4M |
1.2x |
N/A |
|
Adways
|
Japan |
AdTech Software
|
JPY 259
|
$8.2M |
0.1x |
N/A |
|
tripla
|
Japan |
Vertical AI Applications,
Travel & Hospitality Software
|
JPY 1606
|
-$11.8M |
N/A |
N/A |