TECMIRA HOLDINGS INC.
3627・Standard Market・Information & Communication
Business
Techmira Holdings Co., Ltd. is an ICT holding company consisting of 9 consolidated subsidiaries and 1 affiliated company. It operates three segments: the "IoT & Devices Business," which handles ODM contract manufacturing of communication devices and sales of proprietary products under the aiwa brand; the "AI & Cloud Business," which provides SaaS such as AI chatbots and cloud-based address books along with Tech Solutions; and the "Life Design Business," which develops digital services centered on early childhood education, health, FinTech, and content. Its major customers span a wide range, including telecom carriers, corporate clients, and consumers, and it is characterized by possessing technology across three fields: hardware, software, and content. Consolidated revenue for FY2025 (ended February 2025) reached a record high of ¥11,166 million.
Business Model
In the IoT & Devices Business, the company balances stable order-based revenue from ODM contract manufacturing with direct sales revenue from its own aiwa branded products. In the AI & Cloud Business, it combines recurring revenue from SaaS offerings such as OfficeBot and SMART Address Book with flow-type revenue from AWS-based Tech Solutions. In the Life Design Business, revenue is generated from both BtoC and BtoB channels through game software, health apps, and FinTech services. The company is advancing its medium-term management plan, which aims to secure stable profits from contract-based businesses while making upfront investments in proprietary products and services.
Company Strengths
The company possesses technologies across three domains: IoT device design and manufacturing (Shenzhen factory, Vietnam outsourcing), AI chatbot and cloud SaaS development, and game software and health app production. In 2021, the company achieved a hardware-software integration project by taking on a group one-stop contract for Mixi's "Mitene Mimamori GPS" device manufacturing and app/server development.
In FY2025 (ended February 2025), orders received in the IoT & Devices Business reached ¥6,207,279 thousand (up 191.2% year on year), and the order backlog reached ¥1,542,355 thousand (up 192.9% year on year), both expanding rapidly. Against a backdrop of expanding IoT demand since the COVID-19 period, driven by AI translation devices, monitoring services, Bluetooth intercom microphones for mobility applications, and other products, segment profit of the ODM business increased 1,104.7% year on year to ¥226,628 thousand.
The AI chatbot "OfficeBot" significantly improved RAG performance through complete migration to Microsoft Azure. The cloud address book "SMART Address Book" saw steady sales growth through collaboration with KDDI Corporation. Both services achieved profitability in the second half of FY2025 (ended February 2025), and AI & Cloud segment profit increased 27.8% year on year to ¥187,208 thousand.
ENVALITH's Perspective
Performance Trend
Revenue over the past five fiscal years moved from ¥9,551 million in FY2022 to ¥11,166 million in FY2025 (an all-time high), then declined to ¥10,405 million in FY2026. In Q1 FY2027 (ending February 2027), revenue continued to decline, falling 4.9% year on year to ¥2,540 million, but the operating loss of ¥68 million and ordinary loss of ¥18 million both improved from the same period a year earlier. The full-year forecast calls for revenue of ¥11,000 million (up 5.7% year on year), ordinary income of ¥300 million, and net income of ¥150 million, projecting a return to profitability. External factors such as the impact of a weaker yen and stronger yuan on order profitability, and a deteriorating semiconductor component procurement environment, pose downside risks. The plan is for the launch of a new game title (in July) and growth of the SaaS business to drive a recovery in performance from the second half of the first half onward.
Growth Strategy
Aiming to return to a growth trajectory by achieving profitability across all upfront investment businesses and expanding profits in the four core businesses
The AI agent "OfficeAI Shain," released in March 2026, has shown a steady rollout, and together with the existing "OfficeBot" it covers companies' wide-ranging AI utilization needs through a two-pronged approach. The company is simultaneously pursuing ARPU improvement and new customer acquisition, and segment profit for the first quarter increased 73.3% year on year.
The new game, scheduled for simultaneous worldwide release on July 16, 2026, is expected to acquire new user segments and drive improvement in the overall Life Design Business's profitability from the second quarter onward. In the first quarter, the segment posted a loss of ¥115 million due to upfront promotional expenses.
Profitability has improved through a sales shift from consumer Android devices to corporate Windows tablets and similar products. The company is strengthening its ability to respond to orders by leveraging its new development site in Changsha, Hunan Province, China. In the first quarter, despite a decline in revenue, segment profit increased 27.6%, reflecting progress in improving the profit structure.
Regarding the medium-term management plan announced in October 2023, after reviewing business progress and the external environment, the company has decided to revise its planned figures, even though the intended direction is progressing in line with the plan. The rolled-over plan is scheduled to be announced after the second-quarter earnings release.
While the upfront investment businesses as a whole achieved profitability in the previous consolidated fiscal year, losses remained in some businesses. In FY2027 (ending March 2027), the company aims to achieve profitability across all upfront investment businesses, while positioning the SaaS business as a new core business to further increase profits.
Last updated: July 17, 2026