NTT DATA INTRAMART CORPORATION

Business Details

Handles sales (including provision of Annual Usage-based Licenses) and maintenance of the enterprise low-code platform product "intra-mart," as well as provision of the cloud service "Accel-Mart." Combines indirect sales through over 200 authorized dealer partners in Japan and overseas with direct sales to support DX promotion at enterprise companies. The shift toward subscription-type licenses and cloud-based services as the primary offering has steadily progressed, and the accumulation of recurring stock-type revenue continues to advance.

Recent Overview

Progress in subscription and cloud conversion drove a significant improvement, with revenue up 19.7% and segment profit up 63%

In FY2026 (ending March 2026), Software Business revenue was ¥6,283 million (up 19.7% year on year), and segment profit was ¥1,666 million (up 63.0% from ¥1,022 million in the prior year), a substantial improvement. The main driver was the steady progress of the shift toward offerings centered on subscription-type licenses and cloud-based services in new sales. Joint development began with iGrafx in the area of autonomous business processes where AI and people collaborate, and system integration between intra-mart Procurement Cloud and Amazon Business also commenced. The impairment loss (¥82 million) on internally used software for cloud-based solutions recorded in the prior period (FY2025, ending March 2025) did not recur in the current period.

Key Products

Growth Drivers

• Construction of a stable recurring stock-type revenue base through progress in the shift to subscription-type licenses (Customer Success License)
• Accumulation of SaaS revenue through expanded adoption of the cloud-based service "Accel-Mart"
• Deployment of AI-native next-generation process transformation solutions through joint development with iGrafx in the area of autonomous operations
• Expansion of the business application market in the procurement area through the integration of intra-mart Procurement Cloud and Amazon Business
• Improved development productivity and reduced costs through the establishment of a low-code application development environment leveraging generative AI
• Increased demand for low-code development tools driven by the continued expansion of DX demand and needs for labor and workforce reduction

Risks

• Risk of delays in acquiring new customers during the transition to subscription-type licenses (occurred in FY2024, ending March 2024)
• Risk of delayed response to rapid technological innovation in the web system development field (failure to meet product development and sales timing plans)
• Risk of declining product competitiveness due to difficulty securing and developing skilled development talent
• Risk of fluctuation in short-term revenue recognition timing associated with the shift from one-time sales to annual usage-based licensing
• Risk related to high dependence on the indirect sales channel via authorized dealer partners (over 200 companies in Japan and overseas)
• Impairment risk associated with declining profitability of internally used software for cloud-based solutions (an impairment loss of ¥82 million was recorded in the prior period)