Simplex Holdings, Inc.
4373・Prime Market・Information & Communication
Business
Simplex Holdings, Inc. was founded in 1997. Starting from IT solutions for financial institutions such as major banks, integrated securities firms, and online securities firms, the company also extends DX support utilizing advanced technologies such as AI, UI/UX, cloud, and web3 into non-financial areas including government agencies, telecommunications, manufacturing, and entertainment. Xspear Consulting Co., Ltd. (Strategy/DX Consulting) and Simplex Inc. (system development and operations/maintenance), the operating companies, work as one to provide End-to-End services from strategy planning through implementation, operations/maintenance, and continuous improvement, forming a Single Segment enterprise. Revenue for FY2026 (ending March 2026) was ¥58,682 million.
Business Model
Xspear Consulting, Inc. is responsible for Strategy/DX Consulting and business process design, while Simplex, Inc. handles system development and operations/maintenance, forming a two-company integrated model. By securing orders spanning from upstream strategy formulation to downstream operations and maintenance in a single continuous flow, the company achieves customer lock-in, and Operations Services (¥14,093 million in revenue for FY2026 (ending March 2026), approximately 24.0% of the total) forms a stable recurring revenue base.
Company Strengths
Since its founding in 1997, the company has continuously provided trading and risk management platforms as well as trading systems for retail investors to financial institutions such as major banks, integrated securities firms, online securities firms, and crypto asset exchange operators. Its One Platform for Capital Markets, which spans multiple financial products, and its shared-use type services have earned reliability backed by an extensive implementation track record, and transactions with financial institutions oriented toward in-house system development are also on an expanding trend.
Simplex Library is utilized in approximately 50-70% of contracted development projects, achieving shortened development periods, secured system stability, and concentration of resources on competitively advantageous functions. In FY2026 (ending March 2026), research and development expenses amounted to ¥1,572 million, and the company continues to promote the introduction and standardization of AI-driven development using generative AI as well as the expansion of its library.
Through a structure that provides 24/7/365 operation and maintenance as well as shared-use type services to nearly all customers for whom system development support has been provided, revenue from Operations Services in FY2026 (ending March 2026) amounted to ¥14,093 million (approximately 24.0% of the total). The order backlog has also steadily accumulated to ¥12,100 million (105.7% year-on-year), indicating high revenue predictability.
ENVALITH's Perspective
Performance Trend
Revenue expanded roughly 1.9-fold over five fiscal periods, from ¥30,579 million in FY2022 (ended March 2022) to ¥58,682 million in FY2026 (ending March 2026). The growth rate reached 23.8% in FY2026, the highest in the past five fiscal periods, indicating an acceleration phase. Operating margin also improved to 24.6% (up from 22.8% in the prior period), and together with a gross margin of 43.7% (up from 41.4% in the prior period), both marked record highs. Externally, robust domestic DX investment demand has been a tailwind, with System Integration (revenue of ¥33,758 million, up 28.3% year on year) and Strategy/DX Consulting (revenue of ¥10,816 million, up 44.0% year on year) driving growth. For FY2027 (ending March 2027), the company has disclosed a forecast of revenue of ¥70,000 million (up 19.3% year on year) and operating profit of ¥17,200 million (up 19.3% year on year).
Growth Strategy
Launched Mid-term Management Plan 2030 aiming for Vision 1000 (¥100 billion in revenue), driving DX demand capture, AI utilization, and human capital strengthening
Developed "Mid-term Management Plan 2030 -Vision1000-" covering the four-year period from FY2027 (ending March 2027) to FY2030 (ending March 2030), as an evolutionary revision of the "Mid-term Management Plan 2027." The company clarified the timing for achieving ¥100.0 billion in revenue by FY2030 (ending March 2030) and redefined its growth strategy and numerical targets.
The company is capturing DX demand across both financial and non-financial sectors, and expanding orders for large-scale System Integration and Strategy/DX Consulting projects through group synergies between Xspear Consulting and Simplex. In FY2026 (ending March 2026), System Integration revenue reached ¥33,758 million (up 28.3% year on year).
The company is promoting a phased transition to a business operation structure premised on the use of generative AI, aiming to enhance the value it provides and its competitiveness. Research and development expenses continued to expand, reaching ¥1,572 million (up 6.6% year on year), as the company aims to improve productivity and differentiate itself through AI utilization.
The company is expanding its pool of hybrid talent through increased new graduate hiring and enhanced training and mid-career recruitment initiatives. Selling, general and administrative expenses continued to see active investment, reaching ¥9,594 million (up 31.3% year on year), building the foundation for medium- to long-term revenue growth.
Last updated: July 19, 2026