AMIYA Corporation

Business Details

Provides development, sales, and maintenance of log management software and cloud services (ALog Series), cyber security response support services (SecuSapo), and information security consulting, audit, and operation support services. With a cumulative track record of over 6,000 contracts, mainly in the manufacturing and information/communications industries, the business's strength lies in its patented "automatic log conversion technology." It is a high-profitability segment that is promoting a shift to a subscription model and aiming to expand ARR (annual recurring revenue).

Recent Overview

Sharp increase in both revenue and profit driven by strong ALog Series performance and growth in support services

In FY2025 (ending December 2025), demand for the ALog Series remained solid, mainly in the manufacturing and information/communications industries, against the backdrop of the growing social impact of ransomware attacks. In addition, various support services such as emergency incident response and security consulting grew beyond forecasts. Revenue from external customers reached ¥2,480 million (up 29.5% year on year), and segment profit reached ¥1,024 million (up 44.5% year on year), achieving substantial increases in both revenue and profit. Contract liabilities also increased significantly due to the progress of ALog's shift to a subscription model, advancing the stabilization of the revenue base.

Key Products

Growth Drivers

• Rapid expansion of corporate security investment demand due to frequent ransomware attacks on major beverage manufacturers and mail-order companies
• Stabilization of revenue and expansion of ARR through the shift of the ALog Series to a subscription model
• Growth exceeding forecasts in various support services such as emergency incident response and security consulting
• Expansion of ALog adoption due to rising demand for compliance with cybersecurity guidelines
• Expansion of the sales area to semi-major and mid-sized/small-to-medium enterprises through ALog Cloud

Risks

• Risk of temporary fluctuations in revenue recognition timing due to the shift to subscriptions
• Constraints on business expansion due to difficulty in hiring security engineers and consultants and personnel shortages
• Impact on depreciation expenses due to changes in estimates of expected sales revenue and effective periods for software intended for market sale
• Risk of decline in market share of the ALog Series due to the emergence of similar products and services from competitors
• Uncertainty in new business development, as seen in the revision of plans for the security training business

Business Details

Centered on "Network All Cloud," a SaaS service that outsources the operation of corporate LAN/WAN from the cloud, the company also offers "Verona SASE," which supports zero trust networks, the cloud wireless LAN "Hypersonix," and the operation outsourcing service "Running Supporter." The company also handles the Integration Business, which involves custom network design and construction tailored to individual customer needs. Its main customers are in the construction industry, multi-store chains, and medical institutions, with a track record of over 5,000 contracts.

Recent Overview

Profit nearly doubled due to steady subscription revenue and improved integration profit margin

In FY2025 (ending December 2025), subscription revenue from the "Network All Cloud Series" remained solid against the backdrop of demand for ransomware and phishing countermeasures, and orders for the new service "Verona SASE" also grew steadily. In network integration, which had previously been an area of concern, an increase in high-profitability product sales and service projects contributed to an improvement in profit margin. As a result, revenue increased 21.2% year on year to ¥3,456 million, and segment profit increased 51.1% year on year to ¥1,008 million, achieving a substantial profit increase. Goodwill amortization of ¥1,718 thousand was recorded starting this period, due to the consolidation of AS Network Security Co., Ltd.

Key Products

Growth Drivers

• Expansion of subscription demand for the "Network All Cloud Series" against the backdrop of increasing ransomware and phishing attacks
• Increase in orders for "Verona SASE," capturing demand for the shift to zero trust security
• Shift in demand toward cloud-based and managed network services against the backdrop of a shortage of IT engineers
• Improved profit margin due to an increase in high-profitability product sales and service projects in network integration
• Expansion of business areas through the consolidation of AS Network Security Co., Ltd.

Risks

• Risk of a mix of low gross margin projects in the network integration business (improvement in progress)
• Constraints on business expansion due to difficulty in hiring IT and network engineers and personnel shortages
• Intensifying competition with major vendors in the cloud services market
• Short-term fluctuations in revenue recognition timing due to the shift to a subscription-based revenue model
• Risk of impairment of goodwill (¥46 million) related to the newly consolidated subsidiary (AS Network Security)