May 2026
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Largest Industrial Software Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
ZUKEN, Vrain Solution, Systems Engineering, Polaris Holdings and SpiderPlus.
 | ZUKEN Inc is a Japanese based company specializing in software and consulting services for electrical and electronic engineering. It is engaged in research and development of a variety of software solutions that support the optimization of product design and engineering operations for manufacturing industries, and marketing of the software solutions with consulting services. It has market presence in Japan, Europe, Asia, and North America. It offers various products including electronic design, automotive design, electrical and control cable design, design data management and product lifecycle management. | $30 | -12% | $626M | $400M | 1.6x | 7.7x | ||
| Vrain Solution Inc is engaged in providing AI solutions for the manufacturing industry. It provides AI visual inspection, AI vibration inspection, AI abnormal sound inspection, production planning optimization and Safety management. | $27 | +54% | $279M | $279M | 13.5x | 45.9x | ||
| Systems Engineering Consultants Co Ltd provides real-time software solutions. It develops real-time software with four business fields: mobile network, internet, social infrastructure system, and space advanced system. Its software offerings include Rtrilo (Ari Trilo), Rtino (Altino), RTMSafety (RTM Safety), airCube (air cube), airLook (EALOK) and airSmartG (Air Smart G). | $25 | +55% | $259M | $238M | 3.7x | 19.5x | ||
| 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 | -- | $241M | $379M | 2.2x | 14.8x | ||
| SpiderPlus & Co is a Developer and Provider of the construction tech application SPIDERPLUS. SPIDERPLUS is a site communication and drawing/photo management solution developed for construction sites improves the high quality, high safety, and environmental friendliness of the projects. | $2 | -41% | $65M | $55M | 1.7x | 66.5x | ||
| Enechange Ltd is a energy switching platform for consumers, and cloud based SaaS applications namely EMAP (digital marketing), SMAP (AI-based smart meter analytics) for energy companies. | $1 | -38% | $55M | $30M | 0.7x | (7.0x) | ||
| 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 | $2 | -12% | $241M | $238M | 1.7x | 14.8x |
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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