ENVALITH
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ExaWizards Inc.

4259・Growth Market・Information & Communication

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株式会社エクサウィザーズ logo
ExaWizards Inc.4259

Business

ExaWizards Inc. is an AI-specialist company founded in 2016 under the mission of "realizing a happy society by solving social issues using AI." The company operates two businesses: the "AI Products Business," which combines proprietary AI algorithms with industry expertise to provide AI software that can be immediately utilized by a broad range of customers, and the "AI Solution Services Business," which mainly supports large enterprises in resolving management challenges. Its main products include exaBase DX Assessment & Learning (adopted by 2,534 companies, with approximately 420,000 users) and exaBase Generative AI (adopted by 1,422 companies, with approximately 120,000 users). The company is expanding its business foundation through capital and business alliances with the SMBC Group, NTT Docomo Business, and others. It is listed on the Growth Market of the Tokyo Stock Exchange.

Business Model

The core of the profit structure is the "AI Guruguru Model," which accumulates industry knowledge by solving individual challenges through AI/DX support for large enterprises (AI Solution Services Business), and then elevates that knowledge into general-purpose AI Products (the exaBase series) to offer to a broad range of customers, including SMBs. The AI Products Business has a high-profitability structure with a gross profit margin of 82.8%, while the AI Solution Services Business (gross profit margin of 56.6%) functions as the source of knowledge supply. Through mutual complementarity between the two businesses, the company aims for scalable profit expansion.

Company Strengths

As of March 2026, exaBase DX Assessment & Learning had reached 2,534 client companies and approximately 420,000 users, while exaBase Generative AI had reached 1,422 client companies and approximately 120,000 users. The AI Products Business posted sales of ¥4,916 million, up 60.9% year on year, demonstrating high profitability with a gross profit margin of 82.8%.

Through a unique circulation model that productizes the expertise accumulated for large enterprises in the AI Solution Services Business, the company achieved consolidated operating profit of ¥1,594 million in FY2026 (ending March 2026), up from ¥23 million in the previous period. Operating profit at the AI Solution Services Business also rose 58.7% year on year to ¥2,217 million, establishing a structure in which both businesses contribute to profit simultaneously.

The company has built up capital and business alliances with SOMPO Holdings, Persol Holdings, Aflac Life Insurance, Sumitomo Life Insurance, Idemitsu Kosan, NTT DOCOMO Business (formerly NTT Communications), SMBC Group, and others, establishing barriers to entry and credibility with large enterprise customers. The alliance with SMBC Group, concluded on March 31, 2026, expands opportunities for AI deployment in the financial sector.

ENVALITH's Perspective

For FY2026 (ending March 2026), operating profit came to ¥1,594 million (versus ¥23 million in the prior period) and profit attributable to owners of parent reached ¥1,533 million, marking a dramatic improvement in earnings. The equity ratio recovered from 34.3% to 48.1%, and net assets per share also rose from ¥29.13 to ¥53.18. The fact that a company which posted a net loss of ¥2,576 million in the prior period turned profitable within a single fiscal period deserves recognition, but it should be noted that the judgment regarding the recoverability of deferred tax assets (income taxes-deferred of ¥-464 million) boosted net income.

The AI Products Business maintained high growth with revenue up 60.9% and operating profit up 147.9%, while the AI Solution Services Business's revenue growth rate remained limited at +2.7%. Although corporate appetite for AI investment remains robust as a market condition, the transition in the Solution business's structure—prioritizing project screening and personnel reallocation—constrained revenue growth. Achieving the FY2027 (ending March 2027) forecast (revenue of ¥15,600 million, +30.0%) will require a recovery in the Solution business's revenue.

The third-party allotment to Sumitomo Mitsui Financial Group (9,550,000 shares, total paid-in amount of approximately ¥5,396 million) will increase the number of shares issued by approximately 11%, resulting in dilution for existing shareholders. The funds raised are planned to be allocated to personnel expenses for a dedicated team serving the SMBC Group and to strategic investments such as future M&A and capital participation. The concretization of AI transformation projects in the financial sector, along with the timing and scale of their contribution to earnings, will be an important variable in share price valuation.

Growth Strategy

Evolving into a Corporate Transformation AI Company through the "3P + Frontier" strategy and the SMBC capital alliance

Building a system that provides end-to-end support from technology implementation to operation, through personnel who drive customers' AI Transformation (AX), personnel who support on-site AI implementation, and personnel responsible for operations. Plans to allocate funds raised through the third-party allotment to recruiting and training a dedicated team for the SMBC Group.

Deepening "exaBase" as a platform for AI adoption, operation, data utilization, and business transformation, and linking exaBase Generative AI with exaBase Studio to serve as the command center for AI agents. Also strengthening the security infrastructure for safely utilizing the latest LLMs and in-house-developed AI agents. The number of companies adopting exaBase Generative AI is expanding, reaching 1,422 companies and approximately 120,000 users.

Strongly promoting AI products, SaaS, and business support services that solve issues in specific industries and business operations. Strengthening development to enable AI agent compatibility across various AI products, aiming to realize a world where anyone can easily create and utilize AI agents. Transferring the HR Tech business to Exa Enterprise AI (effective April 1, 2026) to specialize the business and improve development speed.

Actively promoting the agile establishment of business-specific subsidiaries and business alliances/joint ventures with leading companies. Implemented a capital and business alliance with the SMBC Group (concluded March 31, 2026), established Exa Frontier Edge (April 1, 2026) aiming to create an AI-native SI market, and made Exa Home Care a wholly owned subsidiary (April 30, 2026), among other initiatives.

Last updated: July 18, 2026