ENVALITH
データセクション株式会社 logo

Datasection Inc.

3905・Growth Market・Information & Communication

Official website
データセクション株式会社 logo
Datasection Inc.3905

Business

Data Section Inc. originated as a data analytics specialist founded in 2000, and now forms a group comprising 11 consolidated subsidiaries in Japan and overseas. Its business consists of four pillars: the AI Infrastructure Business (GPU cloud and AI data center operations), the Data Science Business (DX and AI education consulting), the Systems Integration Business (contracted development in payments/finance and MSP), and the Marketing Solutions Business (the in-store analytics AI camera service "FollowUP"). Major clients range from large enterprises, including some of the world's largest cloud service providers, to South American retailers, and the company operates under two segments: Domestic Business and Overseas Business (mainly South America). It is listed on the Tokyo Stock Exchange Growth Market.

Business Model

In the core AI Infrastructure business, the company procures and operates its own NVIDIA GPU-equipped servers, providing AI data center services to some of the world's largest cloud service providers via its proprietary AI Cloud Stack "TAIZA," thereby recording large-scale revenue. Meanwhile, "FollowUP" in the Marketing Solutions business, a stock-type service combining AI camera and POS data analysis, accumulates recurring revenue primarily in South America. The Data Science & SI business serves as a stable revenue base through contracted development, SES (system engineering services), and MSP (managed service provider) operations.

Company Strengths

Through its business partner Now Now Japan Inc., the company has signed three large-scale AI data center service usage agreements with one of the world's largest cloud service providers. Service provision under one of these agreements commenced in September 2025, and the company achieved revenue of ¥33,605 million (approximately 11x year-on-year) and turned profitable with operating income of ¥3,544 million in FY2026 (ending March 2026).

In July 2025, the company signed a fixed asset acquisition agreement with GIGA COMPUTING for 625 GPU servers equipped with NVIDIA B200 chips (5,000 units), and in December 2025 signed an agreement with INVENTEC for 1,250 GPU servers equipped with B300 chips (10,000 units). The company has secured large-scale procurement agreements for NVIDIA's cutting-edge GPUs amid continued supply tightness, building an equipment foundation for data center project operations from the next fiscal period onward.

The company officially launched its proprietary algorithm system for optimizing large-scale GPU cluster operations, AI Cloud Stack "TAIZA," in March 2025. Capital alliance discussions with CUDO, an NVIDIA Cloud Partner-certified company, are also underway. In parallel, FollowUP (South America) has been building up recurring revenue centered on Chile and Colombia, functioning as a stable revenue source that recorded Overseas Business revenue of ¥1,136 million and segment income of ¥149 million in FY2026 (ending March 2026).

ENVALITH's Perspective

In FY2026 (ending March 2026), net sales were ¥33,605 million (approximately 11 times the prior period), operating profit was ¥3,545 million, and profit attributable to owners of parent was ¥2,802 million, with performance improving dramatically due to the full-scale operation of the AI data center business. While the material events related to the going concern assumption appear to be moving toward resolution, whether the FY2027 (ending March 2027) forecast net sales of ¥162,193 million (up 382.6% year on year) can be achieved will be the next focal point.

The company forecasts for FY2027 (ending March 2027) net sales of ¥162,193 million (up 382.6% year on year), operating profit of ¥24,815 million (up 600.1% year on year), ordinary profit of ¥12,542 million (up 245.8% year on year), and profit attributable to owners of parent of ¥8,704 million (up 210.7% year on year). Adjusted EBITDA is projected at ¥58,191 million. However, earnings per share is expected to range from ¥179.31 to ¥231.45 depending on the exercise status of the 23rd series of stock acquisition rights, and continued attention to dilution risk is warranted.

Following the financial results report announced on May 15, 2026, corrections were made on the 28th of the same month to figures including the number of treasury shares at period-end (90,952 shares → 137,615 shares), net assets per share (¥624.42 → ¥625.40), and profit attributable to non-controlling interests (¥5,379 thousand → ¥5,397 thousand). While the substantive changes to the performance figures are minor, continued monitoring is needed regarding the state of disclosure accuracy and internal control system development amid the rapid business expansion phase.

Growth Strategy

Dual-axis high-growth strategy combining rapid expansion of the AI data center business with continued growth in existing operations

Building on three major contracts with the world's largest cloud service providers, the company is expanding supply capacity through large-scale procurement of GPU servers equipped with NVIDIA B200/B300 chips. The plan is to establish this business as the primary driver of revenue and profit in FY2027 (ending March 2027).

The company continues to see strong performance in the Data Science and SI businesses driven by DSS Inc., and continues to expand sales scale through MSS Inc., which became a consolidated subsidiary in July 2024. It aims to capture growth in the domestic AI business market (an external factor projected to expand to 1.7 times the FY2021 market size by FY2027).

The company continues to expand consolidated subsidiaries centered on Chile and Colombia, with further expansion into Panama, Spain, and other countries, building up recurring revenue through a stock-type service model. It aims to function as a stable revenue source while capturing growth in the South American smart retail device market.

Last updated: July 19, 2026