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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 5104 | $45.5B | 2.0x | 15.0x |
| Fujitsu | Japan | IT Consulting | JPY 3839 | $42.1B | 1.8x | 14.0x |
| Nomura Research Institute | Japan | IT Consulting, Business Consulting | JPY 5701 | $22.1B | 4.2x | 17.1x |
| OBIC | Japan | ERP Software, IT Consulting | JPY 4693 | $12.2B | 14.4x | 21.5x |
| SCSK | Japan | IT Consulting | JPY 4334 | $10.5B | 2.2x | 14.8x |
| TIS | Japan | IT Consulting | JPY 5113 | $7.2B | 1.9x | 11.9x |
| Otsuka | Japan | Electronic Equipment, IT Consulting | JPY 2939 | $5.9B | 0.7x | 9.5x |
| Biprogy | Japan | IT Consulting, Cloud Infrastructure | JPY 5939 | $3.6B | 1.3x | 9.2x |
| NS Solutions | Japan | IT Consulting | JPY 3751 | $3.6B | 1.6x | 11.2x |
| OBIC Business Consultants | Japan | IT Consulting | JPY 8829 | $3.3B | 10.1x | 21.1x |
| Internet Initiative Japan | Japan | IT Consulting, Network Management, Internet Service Providers | JPY 2704 | $3.2B | 1.4x | 8.2x |
| Dentsu Soken | Japan | IT Consulting | JPY 7140 | $3.0B | 2.8x | 17.4x |
| Rakus Co | Japan | IT Consulting | JPY 1266 | $3.0B | 8.1x | 30.1x |
| Shift | Japan | IT Consulting | JPY 1040 | $1.7B | 2.0x | 13.3x |
| NSD Co, | Japan | IT Consulting | JPY 3196 | $1.4B | 1.9x | N/A |
| DTS | Japan | IT Consulting | JPY 1250 | $1.1B | 1.3x | 10.3x |
| Future Corporation | Japan | IT Consulting | JPY 2105 | $1.1B | 2.3x | 9.1x |
| TKC | Japan | IT Consulting, BPO Services | JPY 3980 | $1.1B | N/A | N/A |
| Systena | Japan | IT Consulting, Cloud Infrastructure | JPY 503 | $1.1B | 1.8x | N/A |
| Plus Alpha Consulting | Japan | BI & Analytics Software, Cloud Infrastructure, IT Consulting | JPY 2361 | $594M | 5.2x | 13.7x |
| Baudroie | Japan | IT Consulting, Cloud Infrastructure, Cybersecurity | JPY 2896 | $588M | 5.7x | 26.0x |
| Japan Business Systems | Japan | IT Consulting | JPY 1448 | $552M | 0.5x | N/A |
| Change Holdings | Japan | IT Consulting | JPY 1118 | $546M | 1.8x | N/A |
| Argo Graphics | Japan | IT Consulting | JPY 1360 | $489M | 1.1x | N/A |
| transcosmos | Japan | IT Consulting, BPO Services | JPY 3510 | $486M | 0.2x | 3.5x |
| JBCC Holdings | Japan | IT Consulting | JPY 1189 | $442M | 0.9x | N/A |
| Toukei Computer | Japan | IT Consulting | JPY 3810 | $438M | 3.4x | N/A |
| Techmatrix | Japan | IT Consulting | JPY 2087 | $397M | 0.9x | N/A |
| Tasuki Holdings | Japan | IT Consulting | JPY 655 | $391M | N/A | N/A |
| I'LL Japan | Japan | IT Consulting | JPY 2397 | $356M | 2.7x | N/A |
| Base Co. | Japan | IT Consulting | JPY 3455 | $344M | 2.3x | N/A |
| Cresco | Japan | IT Consulting | JPY 1580 | $336M | 0.8x | N/A |
| ExaWizards | Japan | Pure-Play AI Software, IT Consulting | JPY 610 | $328M | 4.6x | N/A |
| TDC Soft | Japan | IT Consulting | JPY 1342 | $322M | 1.0x | N/A |
| Japan System Techniques | Japan | IT Consulting | JPY 2159 | $285M | 1.5x | N/A |
| Mitsubishi Research | Japan | IT Consulting, Market Research | JPY 4870 | $285M | 0.3x | 3.9x |
| Computer Eng & Consulting | Japan | IT Consulting | JPY 2168 | $279M | 0.7x | N/A |
| Digital Information Techs | Japan | IT Consulting | JPY 2430 | $202M | 1.2x | N/A |
| oRo Co. | Japan | ERP Software, IT Consulting | JPY 2454 | $194M | 3.5x | N/A |
| System Research | Japan | IT Consulting | JPY 2084 | $183M | 1.1x | N/A |
| Amiya | Japan | Network Management, IT Consulting | JPY 3555 | $175M | N/A | N/A |
| Digital Hearts Holdings | Japan | IT Consulting, Travel & Hospitality Software | JPY 933 | $124M | 0.5x | 7.9x |
| Computer Institute | Japan | IT Consulting | JPY 470 | $119M | 0.7x | N/A |
| Needs Well | Japan | IT Consulting | JPY 509 | $114M | N/A | N/A |
| Access | Japan | IT Consulting | JPY 562 | $104M | N/A | N/A |
| Technologies | Japan | IT Consulting | JPY 608 | $100M | N/A | N/A |
| ISB Corporation | Japan | IT Consulting | JPY 1756 | $77.3M | 0.3x | N/A |
| Ubicom Holdings | Japan | IT Consulting | JPY 1125 | $60.9M | 1.5x | 6.0x |
Valuation multiples as of last 12 months (LTM). Stock prices as of October 30, 2025. Financial data powered by Morningstar and FactSet.
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