ASTERIA Corporation
3853・Prime Market・Information & Communication
Software Business
No-code software business supporting Asteria's revenue base
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (full year) | ¥3,389 million | ¥3,171 million | ↑ |
| Segment profit (full year) | ¥583 million | ¥794 million | ↓ |
| Depreciation and amortization (full year) | ¥310 million | ¥237 million | ↑ |
| ASTERIA Warp revenue (full year) | ¥2,889 million | up 5.3% year on year | ↑ |
| Platio subscription revenue growth rate (full year) | up 28.1% year on year | up 36% year on year (reference) | ↑ |
| ASTERIA Warp subscription revenue growth rate (full year) | up 34.2% year on year | up 14% year on year (reference) | ↑ |
| Recurring revenue ratio (full year) | over approximately 70% | - | ↑ |
Business Details
Core segment engaged in the development and sale of no-code software for enterprises. Centered on the data integration middleware "ASTERIA Warp" as its flagship product, the segment also offers the mobile app creation tool "Platio," the content management solution "Handbook X," the AI/IoT platform "Gravio," and the continuous simulation platform "Artefacts," among others. The segment develops both package-type and cloud service-type products, building a stable growth foundation through the expansion of subscription revenue. Major customers include SCSK Corporation (13.95% of revenue) and Panasonic Information Systems Co., Ltd. (10.01% of revenue).
Recent Overview
Revenue growth driven by subscriptions, but segment profit declined due to expanded upfront investment
Revenue for the Software Business in FY2026 (ending March 2026) achieved steady growth, reaching ¥3,389 million (up 6.9% year on year). ASTERIA Warp subscription revenue grew 34.2% year on year and Platio grew 28.1% year on year, continuing their high growth, with the recurring revenue ratio expanding to over approximately 70%. On the other hand, segment profit declined to ¥583 million (from ¥794 million in the prior period), pressured by an increase in selling, general and administrative expenses (from ¥2,106 million to ¥2,433 million). The increase in expenses is attributable to the expansion of generative AI integration features, the launch of new products such as Platio Canvas, and upfront investment in the robotics and space domains.
Key Products
Growth Drivers
- Continued demand for system renewal amid corporate cloud shift and expansion of ASTERIA Warp subscriptions (up 34.2% year on year)
- Capturing corporate AI utilization demand through the provision of integration adapters with generative AI services (ChatGPT, Gemini, Claude)
- Expanded adoption of Platio across multiple industries and business types (up 28.1% year on year) and accelerated rollout of the enterprise-oriented new product "Platio Canvas"
- Expansion of the no-code app creation user base and reach to a broader customer segment through the implementation of the AI Assist function
- Increased inquiries for Handbook X from the railway and infrastructure industries and strengthened edge solution functionality for Gravio
- Business expansion into the robotics and space development domains (including physical AI) through Artefacts
- Sustainable growth centered on a stable revenue base with a recurring revenue ratio of over approximately 70%
Risks
- Customer concentration risk, with SCSK and Panasonic IS together accounting for approximately 24% of revenue
- Timing gaps in short-term revenue recognition during the transition period from license (one-time sale) to subscription models
- Intensifying competition with domestic and overseas competitors in the no-code and data integration market
- Risk that increased selling, general and administrative expenses due to expanded upfront investment (new product development, AI feature implementation, robotics domain, etc.) may pressure segment profit
- Risk of increased local market development costs in overseas expansion (Gravio, Handbook X, Artefacts, etc.)
- Risk that market penetration of new products (Platio Canvas, AI Assist function, Artefacts) may take time
- Uncertainty regarding commercialization in upfront investment areas such as stablecoins, physical AI, and robotics
Last updated: June 22, 2026