MIT Holdings CO.,LTD.
4016・Standard Market・Information & Communication
Business
MIT Holdings Co., Ltd. is a holding company centered on an independent system integrator founded in 1990. It comprises four consolidated subsidiaries (System IO, Vgal, APS, and Netwinx), with its core business focused on the development and operation of core systems in social infrastructure fields such as public sector, finance, telecommunications, energy, and transportation/logistics. In addition, the company develops DX solution services centered on its proprietary products, Wisebook (Digital Marketing) and the DynaCAD Series (Drawing DX Solution). Net sales for the fiscal year ended November 2025 were ¥5,118 million, with the System Integration Service accounting for approximately 86% of sales. The company is listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
System Integration Service, accounting for approximately 86% of sales, secures stable man-hour-based revenue through long-term continuous transactions with major clients in the public, financial, and energy sectors (led by Hitachi Social Information Services, which accounts for 15.3% of sales). In the remaining approximately 14%, the DX Solution Service, the structure aims to raise profit margins by combining stock-type revenue such as maintenance contracts for Wisebook (Digital Marketing) and DynaCAD Series (Drawing DX Solution) with project-type revenue such as CAD drafting services.
Company Strengths
Since its founding in 1990, the company has been engaged in the development of core systems in the public, financial, telecommunications, energy, and transportation/logistics sectors for over 35 years. Transactions with its top client, Hitachi Social Information Services, have maintained a share exceeding 15% of sales for two consecutive periods, establishing a stable order base built on long-term, continuous transactions.
Sales from stock-type businesses, such as the cloud services Wisebook-Cloud and Wisebook-ONE, and DynaCAD maintenance contracts, have remained stable. The Drawing DX Solution recorded ¥386,414 thousand in FY2025 (ending November 2025), up 1.5% year on year, and the company is expanding its growth foundation through market expansion (Kansai and Kyushu regions) and the new launch of a 3D CAD data provision service.
System IO has obtained ISO9001, ISO27001, and Privacy Mark certifications. Vegal APS has also obtained Privacy Mark certification, establishing an information security management framework across the group. This serves as a foundation of trust that enables the company to win orders for highly confidential projects in the social infrastructure sector.
ENVALITH's Perspective
Performance Trend
Revenue grew from ¥3,865 million in FY2021 to ¥5,240 million in FY2024, achieving growth of over 35% over three years, but reversed course in FY2025, falling to ¥5,118 million (down 2.3% year on year). In the first half of FY2026 (ending November 2026), revenue continued to decline, coming to ¥2,472 million (down 5.5% year on year). On the profit side, following operating profit of ¥169 million in FY2025 (down 14% from ¥197 million in FY2024), H1 FY2026 also deteriorated, with operating profit of ¥108 million (down 15.3% year on year). Rising personnel expenses associated with investment in securing and developing human resources and improving treatment are pressuring profits. On the external environment front, DX investment demand has remained firm, but the impact of engineer shortages and organizational restructuring is being reflected in performance. The full-year forecast (revenue of ¥5,700 million, operating profit of ¥285 million) anticipates a year-on-year increase in both revenue and profit, but the first-half progress rate remains at a low level.
Growth Strategy
Sustainable growth through expansion of prime-contractor projects, accumulation of stock-type revenue from proprietary products, and M&A utilization
Promoting expansion of orders from prime contractors handling upstream processes such as planning and requirements definition. Aiming to improve profit margins through unit price increases driven by engineer skill enhancement and optimal deployment. Order expansion in the energy and public sectors is underway.
Promoting the accumulation of stock-type revenue centered on cloud services and maintenance contracts for Wisebook (Digital Marketing) and the DynaCAD Series (Drawing DX Solution). Upselling to existing customers through the release of Wisebook Ver.8.1 and acquisition of new projects in the Ed-Tech field are underway.
Anticipating expansion of orders and sales from the third quarter onward, driven by increased inquiries for "The Meal" (a reservation management system for school and company cafeterias) and the sequential acquisition of FY2026 GIGA School Program bidding projects for GIGA School support services.
Promoting the streamlining of development processes with a view toward utilizing new technologies such as AI, along with strengthening proposal capabilities to customers. Aims to capture DX demand and maintain competitiveness.
Has a track record of group participation, including APS Co., Ltd. in January 2022 and Netwinx Co., Ltd. in February 2023. Positions the expansion of business domains and human resource base through M&A as a continuous growth measure.
Last updated: July 17, 2026