April 2026
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Largest ERP Software Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
OBIC, Oracle Corp Japan, Freee, Business Engineering and oRo Co..
 | Obic is one of Japan’s largest enterprise resource planning service providers with a dominant share of the Japanese midsize corporate market. Obic has three main business lines: system integration, system support, and office automation, and, thus, offers one-stop construction and operation of information systems centered on its proprietary ERP suite. The company, which has a 57-year history, reported fiscal March 2025 revenue of JPY 121.2 billion, with system integration contributing 41.5%, system support 52%, and office automation 6.5%. | $26 | -22% | $11B | $10B | 13.1x | 19.7x | ||
| Oracle Corp Japan is an information technology company. Its products cover database management, enterprise resource planning, supply chain management, data warehousing, customer relationship management, middleware, business intelligence, and application products. The firm provides cloud solutions, business solutions, industry solutions, mobile solutions, technology solutions and consulting, financing, training, cloud, and others. The company operates through three reportable segments: Cloud & License, Hardware Systems, and Services. | $54 | -49% | $7B | $7B | 3.7x | 11.0x | ||
| Freee KK is a developer of cloud-based software. Its software products include Cloud Accounting software, Cloud HR Labor software, Cloud ERP for Midsize companies, among others. | $14 | -38% | $838M | $706M | 3.1x | 79.1x | ||
| Business Engineering Corp is a Japan-based company engaged in providing enterprise software solutions. The solutions offered by the company include Wide line up solutions, Oracle, Mcframe, Mcframe cloud, Global MES, SAP, Mcframe motion VR learning. | $8 | +24% | $450M | $382M | 2.7x | 11.1x | ||
| oRo Co Ltd is a software application service provider. The solutions offered by the company include development and provision of cloud ERP, cloud PSA, enterprise system solution, IT infrastructure solution, and business process outsourcing. | $12 | -25% | $194M | $131M | 2.4x | 7.0x | ||
| Ntt Data Intramart Corp provides information technology products & services. It offers intra-mart package software, an application framework for web system integration, as well as provides maintenance, training, and administration services. | $17 | -38% | $81M | $65M | 0.8x | 7.3x | ||
| Coel Inc provides services and software solutions aimed at streamlining back-office operations, including accounting, human resources, workflow management, and data utilization. Its offerings include enterprise software products and cloud-based solutions such as workflow management, ERP systems (Magistrate Series), data integration tools, and custom cloud application development on platforms like Salesforce and kintone. | $19 | -- | $11M | $5M | 0.4x | 3.1x | ||
| Median | $17 | -32% | $450M | $382M | 2.7x | 11.0x |
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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