SOFTCREATE HOLDINGS CORP.
3371・Prime Market・Information & Communication
Business
SoftCreate Holdings is a pure holding company composed of two segments: the EC Solutions Business, centered on "ecbeing," the domestic market's No.1 e-commerce site construction package, and the corporate-focused IT Solutions Business, centered on cloud, security, and DX. The company has 10 consolidated subsidiaries and 4 equity-method affiliates, with mid-tier and large enterprises as its primary customer base. In the EC Solutions Business, it provides an end-to-end total EC solution ranging from ecbeing implementation support to SaaS-type cloud services (visumo, ReviCo, Sechstant, etc.), the EC cloud service "Mercart," and app-based omnichannel strategies (Megri Inc.). In the IT Solutions Business, in addition to proprietary products such as SC Cloud, X-point Cloud, AgileWorks, and L2Blocker, the company develops security and infrastructure construction services as well as the generative AI-compatible service "Safe AI Gateway."
Business Model
In the EC Solutions Business, in addition to initial implementation, customization, and hosting of ecbeing, the company has adopted a structure that accumulates recurring revenue through monthly billing for SaaS-type cloud services. In FY2026 (ending March 2026), recurring-type revenue (goods transferred over a certain period) amounted to ¥16,934 million, accounting for 93.6% of total net sales, reflecting high revenue stability. In the IT Solutions Business as well, SaaS billing from services such as SC Cloud and X-point Cloud continues to accumulate. Combined, these two businesses achieved net sales of ¥34,391 million and operating profit of ¥6,209 million (operating margin of 18.1%).
Company Strengths
ecbeing is established as the No.1 EC site construction platform by domestic market share, backed by a customer base supported by a strong implementation track record. Recurring-type revenue in the EC Solutions Business reached ¥16,934 million in FY2026 (ending March 2026) (93.6% of the segment's sales), with enterprise-oriented packages that carry high switching costs forming a stable revenue base.
The company holds multiple in-house developed products, including ecbeing (EC site construction), X-point Cloud and AgileWorks (workflow), L2Blocker (security), and Safe AI Gateway (generative AI). These represent proprietary technology assets that are difficult for competitors to replicate in the short term, enabling both higher customer unit sales through cross-selling and the accumulation of recurring subscription revenue through SaaS conversion.
The company has continuously pursued business expansion combining M&A and capital measures, including the 2018 consolidation of A2J as a subsidiary, the 2024 consolidation of System Works Japan as a subsidiary, the December 2024 listing of visumo, and the March 2026 consolidation of Meguri Inc. as a subsidiary (acquiring a 75.0% equity stake). The consolidation of Meguri Inc. has strengthened the company's app-based omnichannel strategy.
ENVALITH's Perspective
Performance Trend
From FY2022 (ending March 2022) to FY2026 (ending March 2026), net sales increased 62% over five fiscal years from ¥21,227 million to ¥34,391 million, while operating profit increased 54% from ¥4,030 million to ¥6,209 million. In FY2026 (ending March 2026), net sales rose 11.1% year on year, operating profit rose 12.9%, and profit attributable to owners of parent rose 17.6%, with all profit stages accelerating. External factors—such as growing demand for corporate EC site construction, the rapid expansion of the generative AI market, and increased security investment driven by a rise in ransomware attacks—supported performance. The operating profit margin improved to 18.1% (from 17.8% in the previous fiscal year), and ROE (return on equity) was maintained at 18.2% (from 18.0% in the previous fiscal year). The forecast for FY2027 (ending March 2027) calls for net sales of ¥37,000 million (up 7.6% year on year) and operating profit of ¥6,300 million (up 1.5% year on year), maintaining revenue and profit growth, although profit growth is expected to decelerate due to increased costs such as goodwill amortization related to Meguri.
Growth Strategy
Three pillars: expansion of EC omnichannel capabilities, strengthening of generative AI/security offerings, and accumulation of SaaS-based recurring revenue
In addition to capturing demand for EC site construction centered on ecbeing, the company will build up recurring revenue by expanding contracts for SaaS-type microservices such as visumo, ReviCo, and Sechstant. Following the consolidation of Meguri Inc. as a subsidiary effective March 31, 2026, the company will support customers' EC sales growth by strengthening its app-based omnichannel strategy. EC Solutions Business sales for FY2026 (ending March 2026) are projected at ¥18,091 million (up 8.8% year on year).
The company is promoting the expanded provision of its enterprise generative AI service "Safe AI Gateway," as well as strengthening security solutions against the backdrop of increasing ransomware attacks. IT Solutions Business sales are accelerating, projected at ¥16,300 million for FY2026 (ending March 2026) (up 13.7% year on year), with continued growth driven by both cloud services and security/infrastructure construction.
As exemplified by the consolidation of Meguri Inc. as a subsidiary (acquisition cost of ¥1,982 million), the group will continue to execute M&A that complements its business domains. Goodwill balance for FY2026 (ending March 2026) stood at ¥1,891 million (a significant increase from ¥114 million in the previous fiscal year), and from the following fiscal year onward, goodwill amortization expenses related to Meguri Inc. will be recognized. The company intends to continue strategic investment leveraging its financial base, including investment securities (¥8,531 million).
Last updated: July 19, 2026