May 2026
📣 VC round data is live. Check it out!
Largest Business Consulting Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Nomura Research Institute, BayCurrent, SMS, SRA Holdings and Softcreate Holdings.
 | NRI was formed in 1988 through the merger of the original Nomura Research Institute and Nomura Computer Systems. Its core financial IT solutions segment (roughly half of revenue) acts as a de facto utility for Japan’s capital markets, running shared back-office platforms for major brokerages and banks. The industrial IT solutions segment builds supply chain and enterprise resource planning systems for retailers and manufacturers. These are supported by IT platform services (data centers) and a consulting business that originates digital transformation projects. Nomura Holdings, the parent of Nomura Securities, remains NRI’s largest shareholder with a 20% stake. | $32 | -13% | $18B | $18B | 3.8x | 15.6x | ||
| BayCurrent Inc offers comprehensive consulting services in a wide variety of industries. It offers strategy Business Process Consulting, Information Technology (IT) Consulting, and System Integration. The strategy Business Process Consulting covers company or business strategy, M&A alliances, digital strategy, turn-around, globalization, innovation, and marketing or sales strategy. The IT Consulting includes IT strategy, governance, organizational improvement, cost optimization, architecture, asset evaluation, talent development, and Request for Proposal (RFP) creation. The System Integration handles system design, development, and infrastructure operation and maintenance. | $38 | -19% | $6B | $5B | 5.6x | 16.0x | ||
| SMS Co Ltd is a Japanese company involved in providing various services targeting information infrastructure for the aging society. The company divides its search service by the following segments: nursing care, medical care, career, healthcare/senior life, and global. | $13 | +40% | $1B | $1B | 2.7x | 13.5x | ||
| SRA Holdings Inc is an information technology services provider. The company operates through three business areas: systems development, operation/administration services and product solutions marketing. The systems development includes financial IT services, embedded IT services, academic IT services, business systems development and infrastructure development. The operation/administration services include outsourcing services, infrastructure operation services and system operation services. The product solutions marketing includes cloud security, open source software, and development support. The company has an operational presence across Europe, India, China, and Singapore. | $29 | -- | $361M | $230M | 0.7x | 5.6x | ||
| Softcreate Holdings Corp is engaged in the provision of comprehensive information technology related services. The company is focusing on the system integration business and cloud integration business. System Integration Business offers comprehensive solutions from system proposal to design and development, infrastructure environment construction. Cloud Integration Business offers various cloud services of IaaS/PaaS/SaaS based on its cloud service SCCloud. In addition, the company also dealing with servers, client PCs, various software from the customer's IT assets to peripheral supplies and supplies. | $10 | -- | $262M | $168M | 0.9x | 4.0x | ||
| Avant Group Corp Develops, sells, and maintains software to help customers make timely and appropriate management decisions and promote management reforms based on a variety of information, both financial and non-financial, and provides software-based consulting and BPO services, thereby contributing to DX of Management. | $7 | -27% | $242M | $173M | 0.9x | 5.0x | ||
| Polaris Holdings Co Ltd is a Japan-based company. It has two business segments. The Real Estate segment is involved in the leasing, buying, selling, and development of real estate; The Hotel segment deals with hotel management, consulting, and franchising. Some of its hotels include Best Western Hotels, Value The Hotel, Kinuura Grand Hotel, and KOKO Hotels. | $1 | -- | $236M | $374M | 2.1x | 14.6x | ||
| CAC Holdings Corp is a Japan-based Information technology (IT) services, provider. The company is mainly engaged in systems development and systems operation. The company also provides outsourcing services, mainly in the field of Contract Research Organization (CRO) services. Other services offered by the company include systems consulting services, systems integration services, systems development services, systems maintenance services, Business process outsourcing (BPO) services, systems operation services, data center services, help desk services, desktop services, information processing services and software/hardware marketing. | $11 | -- | $194M | $144M | 0.4x | 3.4x | ||
| Robot Consulting Co Ltd is a platform service provider focusing on human resource solutions intending to expand into legal technology and the metaverse. Its current Main product is Labor Robot, a cloud-based human resource management system. Labor Robot helps users track employee attendance and sales orders and journalize accounting items. Additionally, the company provides information about grant applications with MHLW, which will provide grants to small and medium-sized businesses to enhance their working conditions and employee welfare. In addition, It connects users interested in applying for grants with Certified Consultants. | $4 | -- | $172M | $172M | 40.7x | (51.7x) | ||
| Tanabe Consulting Group Co Ltd is a management consulting firm that provides strategic consulting and management consulting. | $4 | -- | $142M | $103M | 1.1x | 9.0x | ||
| FCE Inc is engaged in the managing a group of companies that offer services in industries such as education, training, digital transformation, and related operations. It has business segments such as DX Promotion Business, Education and Training Business, and Publishing Business. | $3 | -- | $61M | $44M | 1.1x | 6.9x | ||
| VisasQ Inc manages a professional knowledge-sharing platform, Visask. The company, through its platform, provides consulting services for new business development and organizational development. Its clients include top enterprises, consulting firms, and financial institutions. | $4 | -20% | $38M | $22M | 0.4x | 2.8x | ||
| Scala Inc is engaged in development, sales, and maintenance of SaaS and ASP related business software products. The company offers web services that supports corporate sites and EC sites using automatic voice response technologies. | $2 | -- | $36M | $37M | 0.7x | 5.5x | ||
| Avilen Inc is engaged in the AI solution business including the provision of AI software and build-up packages. It is also a Provider of artificial intelligence technology services intended to support businesses through development and education. | $5 | -- | $31M | $30M | 2.8x | 14.6x | ||
| Castrico Co Ltd is engaged in offering designing services for electronics products including for system LSI, ASIC & FPGA, for Analog circuit, DSP circuit, and other electronic circuit, and for firmware and device drivers. | $1 | -- | $2M | $1M | 0.0x | 1.1x | ||
| Median | $5 | -19% | $194M | $168M | 1.1x | 5.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.