ENVALITH
SCAT株式会社 logo

SCAT Inc.

3974・Standard Market・Information & Communication

Official website
SCAT株式会社 logo
SCAT Inc.3974

Business

SCAT Corporation was founded in 1969, originating in Oyama City, Tochigi Prefecture, and is dually listed on the TSE Standard Market and the Nagoya Stock Exchange Main Market. In its Beauty ICT Business (accounting for approximately 59% of net sales composition), the company provides beauty salons and beauty product distributors nationwide with a one-stop lineup from 7 locations, including the POS/customer management system "Sacla series," the ASP-type "VID system," and the electronic medical record system "cloud karte." In its Nursing Care Services Business (approximately 28%), the company operates fee-based nursing homes with care at 3 facilities in Tochigi, Gunma, and Nagano. In its Business Services (approximately 12%), the company provides BPO and consulting services for SMEs, primarily centered in Tochigi Prefecture. In July 2025, the company achieved a dual listing on the Nagoya Stock Exchange Main Market, aiming to raise its profile.

Business Model

In the Beauty ICT Business, the company is building a structure that accumulates stock-type revenue—such as maintenance contracts, web content, and monthly subscription-based cloud services—starting from system sales (mainly leases). The Nursing Care Services Business secures stable revenue through residential and home-based services based on long-term care insurance. The Business Services segment generates stable revenue through recurring orders such as monthly accounting and BPO services. The combination of these three businesses ensures revenue stability against economic fluctuations.

Company Strengths

The company deploys dedicated sales and maintenance staff at seven locations nationwide (Miyagi, Tochigi, Tokyo, Aichi, Osaka, Hiroshima, and Fukuoka), providing everything from in-house software development to sales, customer acquisition support, and system maintenance on a one-stop basis. It has also established a call center and remote support, building a high-density service structure that supports customers' business continuity.

The company has been certified by the Ministry of Economy, Trade and Industry as both a DX-certified operator and an IT introduction support operator, and its products and content services are eligible for IT introduction subsidies. This reduces the burden of introduction costs for customers, serving as a tailwind for increased inquiries and new user acquisition.

In June 2025, the company absorbed VID Corporation through a merger, fully internalizing the VID cloud system, which provides monthly subscription-based services to more than 500 stores nationwide. By expanding its subscription-based stock business, the company aims to reduce the volatility risk associated with system sales while strengthening its stable revenue base.

ENVALITH's Perspective

In the first half of FY2026 (ending October 2026), Beauty ICT Business revenue increased 2.4% year on year, securing revenue growth, while segment profit declined 5.1% year on year. This appears to reflect upfront development and promotional investment in cloud karte and Halca -connect- aimed at expanding recurring revenue, but it is also affected by the fact that the current period is structurally weak for product sales flow, since the users targeted for lease replacement this period correspond to the sluggish COVID-19 period (FY2020-FY2021). Achieving both a recovery in replacement demand and accumulation of recurring revenue from next fiscal year onward will be key to improving profit margins.

The full-year earnings forecast for FY2026 (ending October 2026) (net sales of ¥2,630 million, operating profit of ¥200 million) remains unchanged from the initial forecast. First-half progress rates were 50.3% for net sales and 49.6% for operating profit, roughly in line with plan. On the other hand, cash flow from operating activities in the first half decreased significantly to ¥119 million from ¥174 million in the same period of the previous year, while cash flow from investing activities showed an outflow of ¥363 million, including an additional ¥320 million placed into time deposits and long-term deposits. While financial capacity remains strong (equity ratio of 69.4%), the deteriorating trend in free cash flow warrants continued monitoring.

Segment profit in the Nursing Care Services Business improved 13.0% year on year in the first half, confirming an increase in prospective residents and a recovery in facility occupancy rates driven by strengthened regional partnerships. However, in addition to rising food material and utility costs (as an external factor), continued active investment in personnel and recruitment costs to maintain high-quality care services led to a slight decline in revenue of 1.4% year on year. The structure in which occupancy rate recovery does not directly translate into revenue growth persists, and balancing cost management with securing human resources remains a medium-term challenge for improving profitability.

Growth Strategy

Advancing the medium-term three-year plan along three axes: expansion of stock-type revenue, promotion of DX, and recovery of nursing care occupancy rates

Promoting a shift away from dependence on system sales by centering on maintenance, web content, and subscription-based cloud services. Through increased orders for cloud karte and the spread of Halca -connect- (launched for sale in March 2026), the company aims to accelerate the accumulation of monthly recurring revenue, thereby stabilizing its revenue base and reducing volatility risk.

Strengthening sales promotion activities following the release of the DX system for beauty salons, "Sacla PREMIUM Plus - DX Partner for Beauty -." Supporting product inventory optimization and operational efficiency for beauty dealers through "DEALERS+ - DX Partner for Beauty -," with the aim of expanding the customer base by driving DX across the industry as a whole.

As a joint project between the Beauty ICT Business and Business Services, the company is rolling out back-office operations (preparation of financial indicators, accounting outsourcing, labor management, subsidy support, etc.) utilizing management information from the POS × CRM × AI system to its existing customer base. This is a hands-on support service aimed at increasing average revenue per customer and maximizing LTV.

Strengthened cooperation with regional medical and nursing care institutions and the resumption of facility tours have led to an increase in prospective residents (those on waiting lists) and a recovery in occupancy rates. While maintaining high utilization rates for home-based nursing care services through the establishment of infectious disease countermeasures (BCP), the company aims to improve profitability by appropriately managing food and utility costs alongside investment in personnel expenses.

Last updated: July 17, 2026