Computer Management Co.,Ltd.
4491・Standard Market・Information & Communication
Business
Computer Management Co.,Ltd. is an independent IT total solution provider established in 1981, offering optimal system solutions for clients' management challenges from a neutral standpoint unaffiliated with any specific manufacturer or corporate group. The business consists of three lines: General Solution Service (contracted development and operation/maintenance), Infrastructure Solution Service (cloud and network infrastructure construction), and ERP Solution Service (support for SAP and mcframe implementation). The company serves a wide range of industries including finance, industry, distribution, public sector, healthcare, and education, providing services through nationwide locations in Osaka, Tokyo, Shikoku, Sendai, Hiroshima, and Fukuoka. The consolidated subsidiary Knox Co., Ltd. handles the sales and implementation support of the Bugyo series.
Business Model
Stable recurring revenue from continuing projects, operation and maintenance, etc. accounts for roughly 40% of sales, giving the company a revenue structure that mitigates the impact of economic fluctuations. The remainder consists of project-based revenue from newly contracted development, ERP implementation, infrastructure construction, and similar work. The company combines direct orders from customers (end-user business) with orders received via domestic IT manufacturers and major SIers, and its earnings base rests on its ability to mobilize engineers, primarily its own regular employees. It has adopted a policy of increasing unit prices by expanding participation in upstream processes (requirements definition, design).
Company Strengths
According to the company's securities report, approximately 70% of net sales come from customers with transaction histories of 10 years or more, giving the company a long-term, stable customer base that is relatively insensitive to external factors such as industry-specific booms and slumps or shifts in technology trends. The order backlog for FY2026 (ending March 2026) stood at ¥3,069,066 thousand (up 22.3% year on year), providing high visibility into sales for the following period and beyond.
As an independent company not affiliated with any specific manufacturer or corporate group, the company can neutrally select and propose the optimal products and technologies for each customer's needs, including cloud services such as AWS, Azure, and OCI, ERP packages such as SAP, mcframe, and the Bugyo series, and no-code/low-code tools. This flexibility enables the company to acquire customers across a wide range of industries and company sizes.
The company holds three certifications—ISO27001 (information security management), ISO9001 (quality management), and the Privacy Mark (personal information protection)—demonstrating high external credibility as an IT services company that handles customers' information assets. This underpins its order base in fields with strict security requirements, such as finance, public sector, and healthcare.
ENVALITH's Perspective
Performance Trend
Revenue expanded 26.9% over five periods, from ¥6,491 million in FY2022 to ¥8,235 million in FY2026. Operating profit bottomed out at ¥427 million in FY2024 before recovering to ¥629 million in FY2026 (operating margin of 7.6%), renewing its record-high level. As an external factor, steady demand for corporate AI utilization, DX promotion, and cloud adoption, along with the upward trend in software investment, served as a tailwind. Internally, the expansion of upstream-process projects such as requirements definition and in-house (self-managed) projects contributed to the improvement in profit margin. For the next fiscal year (FY2027, ending March 2027), revenue is projected at ¥9,020 million (+9.5%) and operating profit at ¥675 million (+7.3%), while net profit is expected to remain flat at ¥512 million (±0.0%).
Growth Strategy
Pursuing sustained growth through three axes: strengthening mobilization capability, shifting toward upstream processes, and expanding into new growth areas
In April 2026, the Company newly established the Partner Promotion Department to strengthen its ability to respond to resource demand arising from the expansion of existing and new businesses. By establishing a collaborative framework with new business partners, the Company aims to enhance mobilization capability, expand order-taking opportunities, and broaden the range of projects it can handle.
Orders have been increasing for cloud environment construction projects involving AWS, Azure, OCI, and other platforms. The Company continues to develop engineer training and learning environments centered on AWS, and aims to improve profitability by promoting a shift toward higher-margin upstream-process projects such as requirements definition and design.
In addition to new SAP S/4HANA implementation, upgrade, and maintenance projects, the Company is expanding orders for SAP Cloud ERP for mid-sized and small-to-medium enterprises and mcframe implementation support for manufacturers. The Company has newly launched the "CMK AMO Service for SAP" to build a recurring revenue source from SAP maintenance and operations.
The Company is promoting the training of engineers who can handle DX projects utilizing SmartDB and webMethods, aiming to expand orders in the no-code and low-code development fields. In parallel, the Company is also working to enhance corporate awareness through its IT information media "cmkPLUS" and participation in Japan IT Week.
Last updated: July 19, 2026