ENVALITH
株式会社構造計画研究所ホールディングス logo

KOZO KEIKAKU ENGINEERING HOLDINGS Inc.

208A・Standard Market・Information & Communication

株式会社構造計画研究所ホールディングス logo
KOZO KEIKAKU ENGINEERING HOLDINGS Inc.208A

Business

Kozo Keikaku Engineering Holdings, Inc. is the holding company (established July 2024; listed on the TSE Standard Market) of an independent engineering group founded in 1959. Building on its origins in architectural structural design, the company operates on two pillars: multi-domain engineering consulting spanning structural analysis, disaster prevention, telecommunications, manufacturing, and decision support; and the sale of engineering-related software and cloud services, including CAE & Analysis Software Packages, radio wave analysis, RemoteLOCK, NavVis, and Twilio SendGrid. Its main customers span a wide range of industries, including construction, manufacturing, information & communications, and public institutions, and the company creates added value through collaboration with domestic and overseas partner companies, universities, and research institutions. Consolidated net sales for FY2025 (ended June 2025) were ¥20,137 million, with a consolidated order backlog of ¥8,587 million.

Business Model

The Engineering Consulting segment (net sales of ¥11,969 million, gross margin of 60.8%) operates a contract-based model that executes high-value-added projects while building up an order backlog. The Products & Services segment (net sales of ¥7,597 million, gross margin of 40.1%) is nurturing subscription-type revenue, expanding cloud service ARR from RemoteLOCK, NavVis, and other offerings by 20.1% year-on-year, in addition to engineering software sales. The combination of these two models has achieved an operating margin of 15.3%.

Company Strengths

In the Engineering Consulting segment for FY2025 (ended June 2025), gross profit margin was maintained at 60.8% (versus 60.0% in the prior reference period). Order intake of ¥12,752 million and an order backlog of ¥6,306 million provide high visibility into next-period revenue. Thorough quality control systems underpin the sustained high profit margin.

The cloud service-based business within Products & Services progressed as planned with growth exceeding 30%, achieving ARR growth of 20.1% year-on-year. Expansion of RemoteLOCK into the accommodation market and local government sector, along with increased subscription revenue through NavVis's partner collaborations, is also contributing to margin improvement.

Total value added (operating profit plus personnel expenses plus welfare expenses) for FY2025 (ended June 2025) came to ¥12,088 million, exceeding the planned figure of ¥11,277 million by approximately 7.2%. This was achieved while hiring 23 new graduates and 10 career-track employees, demonstrating that investment in human capital and earnings growth are being achieved simultaneously.

ENVALITH's Perspective

The progress rate of cumulative sales for the first three quarters of FY2026 (ending June 2026) against the full-year forecast stood at 73.1% (compared with 70.9% relative to the previous fiscal year's full-year actual results), tracking at a pace exceeding the prior year, and the likelihood of achieving the full-year forecast (net sales of ¥22,500 million, operating profit of ¥3,400 million) is high. The structure whereby the order backlog of ¥9,110 million (up 2.8% year on year) underpins sales in the fourth quarter is also being maintained, and there has been no revision to the earnings forecast. The substantial increase in operating profit of +46.6% year on year is primarily attributable to a leverage effect, as the increase in SG&A expenses was limited (up 4.1% year on year) relative to the increase in sales.

The gross profit margin for Engineering Consulting declined from 55.3% in the same period of the previous year to 53.5%. This was due to an increase in the proportion of projects to which the cost-recovery method is applied, and the company explains that profit is expected to be recognized upon completion and delivery. There is a possibility that project completions will be concentrated in the fourth quarter, and while a recovery in the full-year profit margin level is expected, continued attention to the risk of delays in project execution is warranted.

The order backlog for Products & Services decreased to ¥2,009 million, down 8.8% year on year, primarily due to a decline in the order backlog for maintenance services on legacy products, reflecting the maturing of the software package sales-type business. Cloud services have a characteristic whereby orders and sales are recorded almost simultaneously, making them difficult to reflect in the order backlog, and the growth in ARR of ¥4,034 million (up 20.5% year on year) indicates the actual underlying trend. As an external factor, growing needs for DX promotion and labor-saving are boosting demand for cloud services, but close attention is needed regarding changes in the sales composition during the transition period until the replacement of mature products is complete.

Growth Strategy

A three-pronged strategy of maintaining and expanding highly profitable consulting operations, growing cloud service ARR, and fostering new businesses

Steady execution of projects carried over from the previous fiscal year and orders acquired during the current fiscal year resulted in net sales of ¥9,544 million (up 15.7% year on year). The order backlog was maintained at ¥7,057 million (up 6.4% year on year), and continued efforts to acquire high-value-added projects are enhancing visibility into results for the following fiscal year.

Total cloud service ARR reached ¥4,034 million (up 20.5% year on year). With the full-scale launch of RemoteLOCK Japan Inc., RemoteLOCK expanded adoption among accommodation facilities, local governments, and other users. The start of the fully cloud-based CAE platform offering for SimScale is also driving development of new customer segments.

Following the transition to a holding company structure in March 2025, RemoteLOCK Japan Inc. began full-scale operations, functioning as an independent business entity. Intra-group sales of ¥3,402 million indicate that collaboration effects are beginning to materialize. Order intake in the "Other" segment expanded significantly, up 45.9% year on year, reflecting progress in realizing group synergies.

Last updated: July 17, 2026