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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| NEC | Japan | IT Consulting, Electronic Equipment, Electronic Components, Consumer Electronics | JPY 5526 | $47.7B | 2.1x | 15.4x |
| Fujitsu | Japan | IT Consulting | JPY 4216 | $44.9B | 2.0x | 14.8x |
| Nomura Research Institute | Japan | IT Consulting, Business Consulting | JPY 6175 | $23.2B | 4.5x | 18.2x |
| SCSK | Japan | IT Consulting | JPY 5665 | $12.9B | 2.7x | 18.3x |
| OBIC | Japan | ERP Software, IT Consulting | JPY 4931 | $12.5B | 15.0x | 22.3x |
| TIS | Japan | IT Consulting | JPY 5140 | $7.0B | 1.8x | 11.7x |
| Otsuka | Japan | Electronic Equipment, IT Consulting | JPY 3309 | $6.7B | 0.8x | 10.8x |
| NS Solutions | Japan | IT Consulting | JPY 4332 | $4.5B | 1.9x | 14.2x |
| Biprogy | Japan | IT Consulting, Cloud Infrastructure | JPY 5446 | $3.3B | 1.2x | 8.5x |
| Dentsu Soken | Japan | IT Consulting | JPY 7890 | $3.3B | 3.1x | 18.9x |
| Internet Initiative Japan | Japan | IT Consulting, Network Management, Internet Service Providers | JPY 2821 | $3.2B | 1.5x | 8.2x |
| OBIC Business Consultants | Japan | IT Consulting | JPY 8600 | $3.1B | 9.6x | 20.1x |
| Rakus Co | Japan | IT Consulting | JPY 1050 | $2.3B | 6.4x | 23.0x |
| NSD Co, | Japan | IT Consulting | JPY 3502 | $1.5B | 2.1x | N/A |
| Shift | Japan | IT Consulting | JPY 925 | $1.5B | 1.7x | 11.7x |
| TKC | Japan | IT Consulting, BPO Services | JPY 4130 | $1.1B | 2.1x | N/A |
| Systena | Japan | IT Consulting, Cloud Infrastructure | JPY 538 | $1.1B | 1.9x | N/A |
| DTS | Japan | IT Consulting | JPY 1209 | $1.1B | 1.2x | 9.8x |
| Future Corporation | Japan | IT Consulting | JPY 1956 | $1.0B | 2.1x | 8.7x |
| JBCC Holdings | Japan | IT Consulting | JPY 1623 | $621M | 1.3x | N/A |
| Japan Business Systems | Japan | IT Consulting | JPY 1616 | $583M | 0.5x | N/A |
| Argo Graphics | Japan | IT Consulting | JPY 1640 | $581M | 1.3x | N/A |
| Plus Alpha Consulting | Japan | BI & Analytics Software, Cloud Infrastructure, IT Consulting | JPY 2280 | $521M | 4.6x | N/A |
| transcosmos | Japan | IT Consulting, BPO Services | JPY 3725 | $514M | 0.2x | 3.8x |
| Change Holdings | Japan | IT Consulting | JPY 984 | $478M | 1.6x | N/A |
| Tasuki Holdings | Japan | IT Consulting | JPY 773 | $458M | N/A | N/A |
| Toukei Computer | Japan | IT Consulting | JPY 4025 | $452M | 3.6x | N/A |
| Baudroie | Japan | IT Consulting, Cloud Infrastructure, Cybersecurity | JPY 2285 | $448M | 4.3x | 19.7x |
| Techmatrix | Japan | IT Consulting | JPY 2274 | $420M | 0.9x | N/A |
| Cresco | Japan | IT Consulting | JPY 1775 | $367M | 1.0x | N/A |
| I'LL Japan | Japan | IT Consulting | JPY 2411 | $347M | 2.7x | N/A |
| TDC Soft | Japan | IT Consulting | JPY 1366 | $319M | 1.0x | N/A |
| Japan System Techniques | Japan | IT Consulting | JPY 2372 | $318M | 1.7x | N/A |
| ExaWizards | Japan | Pure-Play AI Software, IT Consulting | JPY 595 | $317M | 4.4x | N/A |
| Computer Eng & Consulting | Japan | IT Consulting | JPY 2348 | $315M | 0.8x | N/A |
| Mitsubishi Research | Japan | IT Consulting, Market Research | JPY 4855 | $303M | 0.4x | 4.1x |
| Base Co. | Japan | IT Consulting | JPY 3185 | $297M | 2.1x | N/A |
| Digital Information Techs | Japan | IT Consulting | JPY 2696 | $221M | 1.4x | N/A |
| System Research | Japan | IT Consulting | JPY 1965 | $172M | 1.0x | N/A |
| oRo Co. | Japan | ERP Software, IT Consulting | JPY 2077 | $150M | 2.8x | N/A |
| Computer Institute | Japan | IT Consulting | JPY 522 | $136M | 0.8x | N/A |
| Amiya | Japan | Network Management, IT Consulting | JPY 2798 | $129M | N/A | N/A |
| Digital Hearts Holdings | Japan | IT Consulting, Travel & Hospitality Software | JPY 929 | $117M | 0.5x | 5.3x |
| Needs Well | Japan | IT Consulting | JPY 519 | $113M | 1.8x | N/A |
| Technologies | Japan | IT Consulting | JPY 541 | $89.8M | N/A | N/A |
| Access | Japan | IT Consulting | JPY 510 | $88.1M | N/A | N/A |
| ISB Corporation | Japan | IT Consulting | JPY 1675 | $69.7M | 0.3x | N/A |
| Ubicom Holdings | Japan | IT Consulting | JPY 1046 | $51.9M | 1.3x | 5.3x |
Valuation multiples as of last 12 months (LTM). Stock prices as of December 15, 2025. Financial data powered by Morningstar and FactSet.
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