MAMEZO CO., LTD.
202A・Growth Market・Information & Communication
Information services-related business (single segment)
A single-segment business providing DX in-house capability support centered on AI software engineering
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (non-consolidated, 3Q cumulative) | ¥4,529 million | – (no year-on-year comparison available; first year of non-consolidated reporting) | — |
| Operating profit (non-consolidated, 3Q cumulative) | ¥1,942 million | – (no year-on-year comparison available; first year of non-consolidated reporting) | — |
| Operating margin (non-consolidated, 3Q cumulative) | 42.9% | – | — |
| Ordinary profit (non-consolidated, 3Q cumulative) | ¥1,955 million | – | — |
| Quarterly net profit (non-consolidated, 3Q cumulative) | ¥2,942 million | – | — |
| Revenue (reference consolidated, 3Q cumulative) | ¥8,699 million | ¥7,837 million | ↑ |
| Operating profit (reference consolidated, 3Q cumulative) | ¥1,691 million | ¥1,449 million | ↑ |
| Operating margin (reference consolidated, 3Q cumulative) | 19.4% | 18.5% | ↑ |
| Quarterly net profit attributable to owners of parent (reference consolidated, 3Q cumulative) | ¥1,182 million | ¥947 million | ↑ |
| Total assets (non-consolidated, end of 3Q) | ¥4,425 million | ¥1,818 million (end of March 2025) | ↑ |
| Net assets (non-consolidated, end of 3Q) | ¥3,148 million | ¥1,650 million (end of March 2025) | ↑ |
| Equity ratio (non-consolidated, end of 3Q) | 71.1% | 90.7% (end of March 2025) | ↓ |
| Full-year forecast - Revenue (non-consolidated) | ¥7,437 million | – | — |
| Full-year forecast - Operating profit (non-consolidated) | ¥2,393 million | – | — |
| Full-year forecast - Net profit (non-consolidated) | ¥3,207 million | – | — |
Business Details
The business is composed of four service categories: Cloud Consulting, AI Consulting, AI Robotics & Engineering, and Mobility & Automation. Its main clients are leading companies in finance, telecommunications, manufacturing, trading, and other sectors, to which it provides high-value-added consulting services such as cloud migration, ERP implementation, generative AI utilization, robotic automation, and support for in-vehicle software development. The business model centers on promoting clients' in-house capability development (naiseika). Effective October 1, 2025, the company absorbed three wholly owned subsidiaries through merger, transitioning from consolidated to non-consolidated financial reporting.
Recent Overview
Transitioned to non-consolidated reporting following a three-company merger; double-digit growth in both revenue and profit on a reference consolidated basis
Effective October 1, 2025, the company absorbed its wholly owned subsidiaries Zuken Inc., Kowamex Inc., and NT Solutions Inc. through merger, transitioning from consolidated to non-consolidated financial reporting. On a non-consolidated basis, 3Q cumulative results were revenue of ¥4,529 million, operating profit of ¥1,942 million (operating margin of 42.9%), and quarterly net profit of ¥2,942 million (including a gain on extinguishment of shares from the merger of ¥1,178 million recorded as extraordinary income). On a reference consolidated basis, revenue was ¥8,699 million (up 11.0% year on year), operating profit was ¥1,691 million (up 16.7%), and quarterly net profit attributable to owners of parent was ¥1,182 million (up 24.8%), representing double-digit growth across all metrics. The full-year forecast (non-consolidated) remains unchanged. Additionally, on January 23, 2026, a tender offer by Roodhalsgans 1 Co., Ltd. (at ¥3,551 per common share) was announced, with plans for the company to become a wholly owned subsidiary and be delisted.
Key Products
Growth Drivers
- Corporate DX investment shifting from PoC to company-wide implementation and in-house capability building, expanding the scale of consulting projects
- Rapid expansion in demand for generative AI and AI agent development support (AI Consulting category)
- Growing demand for AI-based robotic automation of non-standardized tasks in long-tail markets such as food and logistics (AI Robotics & Engineering category)
- Increase in projects for building in-vehicle software development environments and formulating architectures amid accelerating SDV adoption in the automotive industry (Mobility & Automation category)
- Rising demand for ERP renewal driven by the end of standard maintenance for SAP ERP 6.0 at the end of 2027 (the "2027 cliff")
- Establishment of a stable revenue base through group integration and resource optimization from the three-company merger, along with strategic talent development services
Risks
- Risk of intensifying recruitment competition and rising labor costs due to a severe shortage of advanced AI talent
- Risk of delisting and changes to the management structure following a tender offer by Roodhalsgans 1 Co., Ltd.
- Risk of reduced IT investment by client companies due to changes in U.S. trade policy and prolonged geopolitical risk
- Decline in gross margin in the AI Robotics & Engineering category (down 7.5% year on year on a reference consolidated 3Q cumulative basis)
- Difficulty in making year-on-year comparisons due to the first year of non-consolidated reporting, constraining understanding of performance trends
- Operational risk related to organizational integration and unification of business processes following the absorption merger
Last updated: June 24, 2025