October 2026
Largest Business Services Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
HAZAMA ANDO, Open Up Group, Startia Holdings, System Support Holdings and Kompeito.
 | HAZAMA ANDO Corp is a Japanese company which is mainly engaged in construction and construction-related business. The company has three reportable segments namely Civil Engineering, Building Construction and Consolidated Subsidiaries. The Civil Engineering services include surveys, measurements, planning, designing, execution, supervising, technical guidance commissioning, and consulting work. It also provides collection, handling, and disposal of waste, and consulting work relating to such business as well as an area development, urban development, and environmental improvements. The majority of the company's revenue comes from the domestic business in Japan. | $11 | -- | $1.7B | $1.5B | 0.5x | 4.9x | ||
| Open Up Group Inc provides human resource services and outsourcing or contracting services for manufacturing companies in Japan and overseas. The business segments of the company include: Mechatronics/IT field: it includes workers dispatching, contracting, consignment business such as development design engineers. Construction area segment includes construction management engineer business / CAD operator dispatch business for customers in construction industry. Manufacturing Area segment includes manufacturing site contracting and dispatch business for customers in manufacturing industry Temporary staffing, outsourcing and referral business for technology and manufacturing fields. | $13 | +12% | $1.1B | $972M | 0.9x | 8.0x | ||
| Startia Holdings Inc is engaged in the provision of information technology services in Japan. It operates through the following business divisions: the web solution-related division, the network solution-related divisions, and the business solution-related divisions. | $20 | +12% | $187M | $160M | 1.1x | 6.5x | ||
| System Support Holdings Inc is engaged in providing systems solutions which include system integration, transition to cloud-based infrastructure, ERP integration, data center running, and package-based software development. | $9 | -10% | $184M | $157M | 0.8x | 7.6x | ||
| Kompeito Inc provides employee welfare and workplace services focused on employee health and office-based promotional activities. Its business activities include operating the "OFFICE DE YASAI" employee welfare service, managing "OFFICE DE MEDIA" promotional sampling services, and operating "SALAD STAND" salad vending machines. | $13 | -- | $126M | $124M | 3.4x | (100.1x) | ||
| E-Guardian Inc provides community site planning services, temporary staffing service, user support services, and other services. | $10 | -10% | $120M | $53M | 0.7x | 4.9x | ||
| Tobila Systems Inc develops telecommunication-related systems. It develops and provides nuisance information filter systems for mobile, Fixed-line Telephone, and other businesses. Geographically, the activities are carried out in Japan. The Company operates a single segment, the nuisance information filtering business. | $10 | +65% | $103M | $75M | 4.2x | 12.2x | ||
| HONYAKU Center Inc is a technical translation firm. It provides translation services in the medical and pharmaceutical, patent, industrial, financial, and legal fields. It also provides interpreting, medical writing services, and foreign patent applications. | $14 | +10% | $48M | $18M | 0.3x | 3.7x | ||
| Median | $12 | +11% | $155M | $140M | 0.9x | 5.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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