May 2026
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Largest IT Consulting Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Fujitsu, NEC, Nomura Research Institute, SCSK and OBIC.
 | Fujitsu Ltd delivers total solutions in the field of information and communication technology. The company provides solutions/system integration services focused on information system consulting and construction, and infrastructure services centered on outsourcing services. The company operates in three segments. The Hardware Solution segment covers system products such as servers, storage systems, and network equipment, including mobile base stations and optical transmission systems. Service Solution consists of global services centered on Fujitsu Uvance, along with Japan and overseas region-specific businesses. Ubiquitous Solution focuses on client computing devices such as personal computers. It generates the majority of its revenue from the Service Solution segment. | $20 | -3% | $35B | $33B | 1.5x | 11.8x | ||
| NEC Corp is engaged in IT services, networks, social infrastructure, and solutions. The company operates through three segments: IT Services, Social Infrastructure, and Others. The IT Services segment provides system integration, consulting, maintenance, outsourcing, cloud services, system equipment, and software services. The Social Infrastructure segment offers network infrastructure, including core networks, mobile base stations, optical transmission systems, and marine systems, along with telecom software, OSS/BSS solutions, aerospace and defense system integration, and maintenance. The Others segment covers the development, manufacturing, and sales of system equipment. It generates the majority of its revenue from the IT Services segment. | $25 | +6% | $34B | $32B | 1.5x | 12.3x | ||
| NRI was formed in 1988 through the merger of the original Nomura Research Institute and Nomura Computer Systems. Its core financial IT solutions segment (roughly half of revenue) acts as a de facto utility for Japan’s capital markets, running shared back-office platforms for major brokerages and banks. The industrial IT solutions segment builds supply chain and enterprise resource planning systems for retailers and manufacturers. These are supported by IT platform services (data centers) and a consulting business that originates digital transformation projects. Nomura Holdings, the parent of Nomura Securities, remains NRI’s largest shareholder with a 20% stake. | $27 | -22% | $16B | $16B | 3.3x | 13.4x | ||
| SCSK Corp is engaged in providing comprehensive IT services and solutions across various industries. The company operates through six reportable segments: Industrial IT, Financial IT, IT Solutions, IT Platform, IT Management, and Other. It offers system development, maintenance, and operation services, including core systems, SCM, CRM, and information systems, as well as embedded software development for automotive electronics, middleware solutions, software inspection, and process improvement. It generates the majority of its revenue from the Industrial IT segment. | $37 | +32% | $11B | $194B | — | — | ||
| 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%. | $25 | -23% | $11B | $10B | 12.7x | 18.9x | ||
| Otsuka is Japan’s leading one-stop provider of IT solutions and office supplies, primarily targeting small and midsize enterprises. The System Integration business sells and integrates everything from PCs and servers to the proprietary “Smile” ERP system. This is complemented by the Service & Support business, featuring the “Tanomail” office-supply mail-order service and “Tayoreru” maintenance contracts. Operating through a dense nationwide network, Otsuka functions as the outsourced IT department for companies that lack one, providing a single, trusted point of contact for all technology and office needs. | $18 | -2% | $7B | $5B | 0.6x | 8.6x | ||
| TIS Inc is a Japan-based company engaged in providing information technology (IT) related services. The company operates through five segments. The BPM segment delivers process improvement and outsourcing solutions using IT, business expertise, and human resources. The Financial IT and Industrial IT segments develop and promote business and IT strategies tailored to the financial sector and other industries, respectively. The Offering Service segment provides knowledge-based IT services built on the Group’s expertise and investments. The Wide Area IT Solution segment offers professional IT services across regions and customer sites to support problem-solving and business growth. The Others segment covers various IT services outside the core reporting categories. | $22 | -27% | $5B | $4B | 1.2x | 7.1x | ||
| NS Solutions Corp is a Japan-based provider of information technology solutions. The firm's operations are organized in two segments: business solutions and service solutions. Business solutions includes products geared toward manufacturing, retail, service, financial services, and government- and public-sector end markets. Services solutions relates to the firm's offerings in the cloud. The firm generates revenue in Japan and the rest of the Asia-Pacific region, the United States, Europe, and other parts of the world. | $22 | -10% | $4B | $3B | 1.6x | 13.7x | ||
| Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan. | $19 | +9% | $3B | $3B | 1.5x | 7.7x | ||
| OBIC Business Consultants Co Ltd Is engaged in providing services such as maintenance and introduction guidance for development and sales of products of business solution technology, and IT solution technology. The company focuses on medium-sized enterprises and, medium and small-sized companies. | $38 | -26% | $3B | $2B | 7.2x | 15.2x | ||
| Biprogy Inc is engaged in the service business, such as cloud and outsourcing, sales/rental of computer systems and network systems, software development/sales, and various system services. The company operates through five segments. The Hardware segment supplies equipment through sales contracts and lease agreements. The Outsourcing segment handles information system operation consignment. The Software segment provides licensed software. The Support Service segment offers software and hardware maintenance, implementation support, and related services. The System Service segment covers contract software development, SE services, and consulting, and the Others segment includes line services and equipment construction. | $29 | -21% | $3B | $3B | 1.2x | 8.2x | ||
| Dentsu Soken Inc provides a range of information technology, or IT, and consulting services. The company organizes itself into four segments based on service type. The financial solutions segment, which generates more revenue than any other segment, builds algorithmic trading systems and provides cash management, banking, and corporate finance services. The manufacturing solutions segment provides IT solutions for the entire product lifecycle, from product development and production, to sales and maintenance in the manufacturing industry. The communication IT solutions segment provides e-commerce and customer relationship management services. The business solutions segment provides consulting and IT services. | $13 | -7% | $3B | $3B | 2.4x | 14.4x | ||
| Rakus Co Ltd provides information technology services in Japan. The Company's services include cloud services and email management software. The cloud services include the development and sales of transportation expenses, mail sharing and unified management system, mail delivery system and others. The dispatch of IT engineers services mainly provides employee dispatching services specializing in IT engineer, providing services includes Java system development, infrastructure construction and operation, and others. | $5 | -27% | $2B | $2B | 5.6x | 24.1x | ||
| NSD Co Ltd is a Japan-based software company. It is engaged in the development of software, as well as the operation and management of computer labs and the provision of information processing services. The company's major service includes System Analysis and Design, Customized Development of Software Programs Administration of Facilities Management, Sales of Packaged Software and Solutions. NSD provides the IT systems support that is essential to its customers' development and growth. The company is active across such wide-ranging fields as financing, manufacturing, telecommunications, distribution and the public sector. | $16 | -27% | $1B | $1B | 1.5x | 8.2x | ||
| TKC Corp provides a variety of information technology, or IT, services. The firm's computer services include batch processing and printing, data storage, and download management. TKC's Internet services include Internet management, cloud computing, database management, data storage, data backup, and data security. The company's other services include software development, system device sales, systems consulting services, and general education and training services. TKC generates the majority of its sales revenue from accounting firms and local governments. | $22 | -17% | $1B | $870M | 1.6x | 6.5x | ||
| DTS Corp provides and sells a variety of information technology, or IT, and human resources products and services. The company organizes itself into two segments based on product and service type. The information service segment, which generates the majority of revenue, provides services that include systems integration, system development, and operations management, and sells IT-related products. The human resources segment provides human resource management services. The majority of the firm's customers operate in the financial services sector. | $6 | -17% | $1B | $836M | 1.1x | 8.2x | ||
| Shift Inc provides software testing services. The company’s solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services. | $4 | -62% | $1B | $985M | 1.1x | 8.1x | ||
| Systena Corp is a software application and services provider that offers a range of support for planning, designing, developing and operating online businesses for smart devices. It also operates a Framework Design Business, which develops backbone and peripheral systems for financial institutions and designs and builds application platforms. The company provides outsourcing services for help desk and systems operations; and develops and offers gaming content for smartphones. It also offers cloud services; and sells and supports the introduction of Google Apps for Business and Microsoft Office 365, public SaaS-based services, and cloud step. | $3 | +4% | $928M | $751M | 1.4x | 9.7x | ||
| transcosmos inc is a Japan-based company that provides business process outsourcing services. Offerings of the company are generally categorized into four types, namely outsourcing services, digital marketing, contact center, and e-commerce one-stop services. The outsourcing services support clients’ noncore operations, including back-office operations, accounting, human resources, IT operation and maintenance, and others. The digital market services support clients’ marketing activities by internet infrastructure. The contact center services help customers deal with customer inquiries and complaints. The e-commerce one-stop services cover e-commerce sit construction, customer care, Internet promotion and analytics. | $25 | +16% | $918M | $502M | 0.2x | 3.6x | ||
| Future Corp is a Japan based company engaged in providing business and IT consulting services and system implementation services. The company also offers services in the fields of digital marketing, IT education, EC and others. | $10 | -28% | $870M | $783M | 1.6x | 6.0x | ||
| Plus Alpha Consulting Co Ltd is engaged in providing cloud services for data analysis platform. | $14 | +11% | $613M | $528M | 4.8x | 12.0x | ||
| Argo Graphics Inc provides technical solutions such as HPC solutions and IT solutions including PLM solutions. | $9 | +9% | $594M | $369M | 0.8x | 5.6x | ||
| ExaWizards Inc is engaged in Industrial innovation and solving social issues through service development using AI. | $6 | +106% | $572M | $561M | 9.1x | (55.5x) | ||
| Japan Business Systems Inc operates in the information technology sector. The company works with cloud companies, various hardware and software manufacturers, research institutes and universities, etc., to provide cloud services to its clients. It is a cloud services integrator that provides consulting and IT services that can maximize customer performance by utilizing cloud services centered on Microsoft. The various services offered by the company include digital transformation, cloud infrastructure solutions, SAP system solutions, Microsoft 365 and Power platform-related solutions, and others. Its reportable segments are; Cloud Integration, which derives key revenue, and Cloud Services. Geographically, the company operates in Japan. | $11 | +22% | $489M | $620M | 0.6x | 11.3x | ||
| Toukei Computer Co Ltd is engaged in the system design, development, and operation of solutions for various industries and businesses in Japan. It is engaged in outsourcing of information processing service such as data entries and system operation. It provides software solutions specializing in businesses and manufacturing units such as distribution industry, construction, retail, logistics, public works, field machine control, telecommunications, broadcasting and restaurant industry. | $25 | +2% | $456M | $446M | 3.3x | 8.5x | ||
| JBCC Holdings Inc provides various information technology (IT) related services. Its services include consulting, application development, system integration, operation, maintenance, monitoring, outsourcing and among others. The company develops and markets own software solutions, printing systems, and security-related solutions, and it also provides optimally customized hardware. | $8 | -14% | $455M | $382M | 0.9x | 8.8x | ||
| Mitsubishi Research Institute Inc is an international research and consulting firm. The company assists its clients in developing comprehensive solutions to meet their diverse needs by integrating think-tank, consulting and IT solution services. The Think Tank and Consulting segment offers research, survey analysis, project appraisal, strategic planning, and other organizational development services. The IT Solutions segment provides IT support and consulting, software development, data processing, system machinery, core system outsourcing, and business process outsourcing services. The business activity is primarily functioned through the regions of Japan. | $29 | -1% | $455M | $359M | 0.5x | 4.2x | ||
| Techmatrix Corp is engaged in the information technology business and consulting business. Its business activities are divided into two operating divisions including Information Infrastructure Business that provides network security solutions and maintenance, operation and monitoring services combining its own technologies with overseas advanced technologies and products. Application service business provides its own package products development and cloud services in medical, customer-relationship management (CRM) and internet service fields. In addition, the company also offers products and solutions for outsourcing development of systems such as WEB and finance fields. | $11 | -15% | $454M | $255M | 0.6x | 4.4x | ||
| Change Holdings Inc provides mobility, IoT (Internet of Things)Â data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation. | $6 | -22% | $406M | $424M | 1.5x | 4.2x | ||
| Baudroie Inc is a professional operator specializing in IT infrastructure services for businesses. It caters to the needs of clients with optimal IT solutions in the network, server, security, and cloud areas. The company focuses on providing services in high-technology areas, such as cloud adoption support and network virtualization. Tailored to clients’ needs and issues, Baudroie also offers design, construction, operation, and maintenance services for customized IT infrastructure. | $13 | -41% | $394M | $381M | 5.2x | 22.3x | ||
| Cresco Ltd is engaged in the information technology (IT) service business. Its business activities are divided into four divisions including Consulting and solution service operations, Design and development work, Operation management, Research, analysis, evaluation and technical support work. Services and solutions offered by the company include KEYAKI a platform that supports from development to operation of applications using sensors, beacons, and micro servers, Minervae (Minerva) a service brand that provides artificial intelligence (AI) know-how of utilization, Creage (Claire) a service that provides total support from cloud introduction consulting, integration, operation and monitoring. It also conducts seminars using technology useful for a digital change. | $10 | -7% | $391M | $297M | 0.8x | 6.9x | ||
| Computer Engineering & Consulting Ltd. is a Japan-based company engaged in software development, information technology (IT) management, and verification services. It offers comprehensive ICT services, and operates in the business divisions of Digital Industry Business and Service Integration Business. | $12 | -16% | $383M | $226M | 0.5x | 4.4x | ||
| SRA Holdings Inc is an information technology services provider. The company operates through three business areas: systems development, operation/administration services and product solutions marketing. The systems development includes financial IT services, embedded IT services, academic IT services, business systems development and infrastructure development. The operation/administration services include outsourcing services, infrastructure operation services and system operation services. The product solutions marketing includes cloud security, open source software, and development support. The company has an operational presence across Europe, India, China, and Singapore. | $30 | -- | $377M | $260M | 0.8x | 6.3x | ||
| I'll Inc is engaged in the provision of system integration services for medium and small size companies. The company is engaged in two divisions namely System solution business, and Web solution business. The system solution provides customers with basic system construction, hardware maintenance, system operation support, network construction, and security management, and the Web solution offers website creation and operation, customer business analysis, and others. It is also develops unified management software, point unified management software and other operations. | $15 | -11% | $369M | $330M | 2.5x | 10.1x | ||
| Base Co Ltd is engaged in providing computer software development and related activities. The company's activities include System development, System operation and maintenance, SAP implementation and maintenance support, e-KYC / Online identity verification service, BPO support using ICT, among others. | $20 | -9% | $358M | $285M | 2.0x | 7.8x | ||
| Tasuki Holdings Inc is a company which has Business formulation and management of group companies engaged in Life Platform Business includes Planning and sales of IoT residential properties Purchasing and sales of refining properties, Planning and sales of logistics facilities, etc. Asset consulting for real estate owners Real estate crowdfunding, formation and management of real estate fun, SaaS Business: Development and sales of DX products for the real estate industry, Finance Consulting Business: Providing real estate secured loans. | $5 | +36% | $332M | $463M | 1.0x | 8.2x | ||
| Fixstars Corp is a Japan based software company. It offers multicore processors and application acceleration for the next generation of memory technology that delivers high speed IO as well as power savings. The solutions offered by the company are quantum computing, IoT, machine learning and FPGA. It operates in the business areas of Automotive, Flash storage, Industrial equipment, Finance, Healthcare and HPC. The company's products are M-cubed, Geometric Performance Primitives, FlashAir and Yellow Dog Appliance Server. | IoT+2 | $10 | -29% | $316M | $286M | 4.6x | 16.5x | |
| TDC Soft Inc is engaged in development, sale, rental, import, and export of computer software. It also provides sales and education training related to information science and information processing systems. The company's products and services include Cloud platform, Amazon web service, HuTaCT, Health management support solution, BP-LINKS, Meeepa, and others. | $6 | -28% | $285M | $198M | 0.7x | 6.2x | ||
| Japan System Techniques Co Ltd is engaged in the Software business in Japan. It provides business software applications such as engineering and event applications. It also provides package business and system sales. Its services include system consultation, system integration services, software development, system management, development and sales, package software and database services. | $11 | -7% | $274M | $217M | 1.2x | 9.7x | ||
| Softcreate Holdings Corp is engaged in the provision of comprehensive information technology related services. The company is focusing on the system integration business and cloud integration business. System Integration Business offers comprehensive solutions from system proposal to design and development, infrastructure environment construction. Cloud Integration Business offers various cloud services of IaaS/PaaS/SaaS based on its cloud service SCCloud. In addition, the company also dealing with servers, client PCs, various software from the customer's IT assets to peripheral supplies and supplies. | $10 | -- | $254M | $158M | 0.8x | 3.7x | ||
| CAC Holdings Corp is a Japan-based Information technology (IT) services, provider. The company is mainly engaged in systems development and systems operation. The company also provides outsourcing services, mainly in the field of Contract Research Organization (CRO) services. Other services offered by the company include systems consulting services, systems integration services, systems development services, systems maintenance services, Business process outsourcing (BPO) services, systems operation services, data center services, help desk services, desktop services, information processing services and software/hardware marketing. | $11 | -- | $198M | $148M | 0.4x | 3.5x | ||
| 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 | -26% | $191M | $127M | 2.4x | 6.7x | ||
| Core Corp is an independent information technology services company. It is organized into two business segments - System Integration business and product solutions business. The system integration segment focuses on embedded contract development in smartphones, automotive-related and equipment control fields. Its product solutions segment operates in the fields of security, cloud big data utilization cloud service, and global navigation satellite system. It primarily serves medical/healthcare, automobiles and agriculture markets. | $13 | -- | $186M | $144M | 0.9x | 6.5x | ||
| System Research Co Ltd is a software application service provider in Japan. The business of the company includes SI service operations, outsourcing business, web-related business, software development work, software product business, and product sales. | $11 | -4% | $181M | $144M | 0.9x | 7.0x | ||
| Computer Institute of Japan Ltd provides system development services. | $3 | -1% | $174M | $125M | 0.7x | 7.9x | ||
| Digital Information Technologies Corp is a Japan-based information service company mainly engaged in the operation of software development business and computer sales business. The company operates through two main business segments. The Software Development segment focuses on business solutions, including the development of business systems and operational support services; embedded solutions, such as embedded system development and built-in verification; and product offerings that include cybersecurity and business automation tools. The System Sales segment handles the sale of the Rakuichi core management support system, targeting small and medium-sized enterprises. | $6 | -28% | $166M | $130M | 0.8x | 6.3x | ||
| Isb Corp develops software for mobile phones, embedded software for medical, consumer electronics and automobile use, mobile infrastructure devices, software for government, public and autonomous community use, mission-critical systems and software for bank, security and private company use, and provides Internet protocol (IP) solutions and others. It is also engaged in the sale of equipment related to software development, and provision of information processing service. | $14 | +68% | $164M | $115M | 0.5x | 6.4x | ||
| 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. | $17 | -- | $159M | $136M | 1.0x | 6.5x | ||
| Amiya Corp is engaged in Development, manufacturing and sales of cyber security products and services, and cloud services for ICT infrastructure. | $18 | +1% | $145M | $122M | 3.1x | 16.9x | ||
| 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. | $7 | -- | $135M | $119M | 0.6x | 7.4x | ||
| Access Co Ltd is a Japan-based company. It is a provider of software technologies to the mobile and beyond-personal computer markets. The company provides products that are browser solutions, solutions for internet appliances, digital publishing solutions, smartphone solutions, cloud solutions, and network solutions. The company offers its services to Europe, Asia, and North America market regions. | $3 | -40% | $120M | $92M | 0.8x | (8.5x) | ||
| Digital Hearts Holdings Co Ltd is a Japan-based company engaged in Entertainment Business and Enterprise Business. Its Entertainment business is involved in Debugging Business, Media Business and Creative Business. Its Enterprise Business is involved in Testing and Monitoring, Security and System Development. | $5 | -18% | $107M | $96M | 0.4x | 5.6x | ||
| Needs Well Inc provides application development, cloud solutions, IT related products and services, system infrastructure service and IT outsourcing services. Its services support to the development of BtoC / BtoB systems, digital marketing related system, business system, and CMS using web technology. | $3 | -19% | $103M | $85M | 1.3x | 9.3x | ||
| Ubicom Holdings Inc provides information technology services. The Company offers business application system development, embedded software development, quality assurance, system maintenance, and other services. The company operates through Global, Medical, and Enterprise Solutions divisions. The Global division offers software engineering services, including prototyping, design, development, testing, deployment, and maintenance; and automated software testing and mobile technology related services and solutions. The Medical division focuses on providing IT solutions and services to the medical industry. It offers Mighty Checker; Mighty Qube; Mighty SPD; and Mighty Trace. The Enterprise Solutions division offers mission-critical systems for Japanese banking and financial institutions. | $6 | 0% | $78M | $49M | 1.2x | 5.0x | ||
| Technologies Inc is engaged in the production of video software, development of systems related to AI and other digital technologies, and provision of business management systems for staffing agencies. | $3 | -28% | $55M | $101M | 1.6x | 7.6x | ||
| NIX Inc is engaged in planning, development, manufacture, and sale of parts like industrial plastic parts and plastic fasteners, mechanism parts, magazine racks storing, and label plastic machines. | $5 | -- | $13M | $532K | 0.0x | 0.2x | ||
| DigitalCube Co Ltd is engaged in managing website hosting, design, maintenance, production and maintenance of AI, machine learning systems in cloud transition. | $5 | -- | $2M | $2M | 0.7x | (3.5x) | ||
| 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 | $11 | -11% | $400M | $364M | 1.2x | 7.6x |
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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