OBIC Co.,Ltd.
4684・Prime Market・Information & Communication
Business
OBIC Co., Ltd. is an information services company founded in 1968 that develops in-house its flagship integrated enterprise resource planning system, the "OBIC7 Series," and sells it directly to large and mid-sized enterprises across a wide range of industries, including manufacturing, distribution, services, and finance. The business consists of three segments: the System Integration Business (ERP implementation), the System Support Business (cloud operation support and maintenance), and the Office Automation Business (OA equipment sales). The group operates with one consolidated subsidiary and two equity-method affiliates (OBIC Business Consultants Co., Ltd. and OBIC System Co., Ltd.), and is listed on the Prime Market of the Tokyo Stock Exchange.
Business Model
By developing and directly selling the OBIC7 Series in-house, the company eliminates intermediary margins, achieving strong proposal capabilities and high customer satisfaction. It is characterized by a two-stage structure in which system development (flow revenue) builds up the customer base, which subsequently converts into cloud Operation Support & Maintenance Service contracts (stock revenue). In FY2026 (ending March 2026), the System Support Business operating margin reached 74.0%, with the accumulation of stock revenue lifting overall company profitability.
Company Strengths
The FY2026 (ending March 2026) consolidated operating margin stood at 65.7%. The in-house development and direct sales system eliminates outsourcing costs and sales agent margins, with the System Support Business's operating margin of 74.0% (operating profit of ¥52,896 million) driving overall group profitability. The company has achieved double-digit growth in both revenue and operating profit for four consecutive periods, confirming a structurally high-profitability business model.
The OBIC7 Series is an in-house developed product, provided through a fully integrated group system (One-Stop Solution Service) covering everything from implementation consulting to system development, operation, and information provision. The company is also advancing the registration and filing of business model patents, building an integrated manufacturing-sales-service system that is difficult for competitors to replicate in a short period.
The company has established a system for stable provision of Cloud Solutions by setting up self-operated cloud centers with dual-site redundancy (BCP measures). It has obtained third-party certifications, including a SOC1 Type2 report in 2019 and a SOC2 Type2 report in 2023, demonstrating the reliability and security standards required to be entrusted with core systems by large and mid-sized enterprises.
ENVALITH's Perspective
Performance Trend
From FY2022 (ending March 2022) to FY2026 (ending March 2026), net sales grew from ¥89,476 million to ¥135,209 million (5-year CAGR of approximately 10.9%), while operating income grew from ¥54,135 million to ¥88,823 million (CAGR of approximately 13.2%), with profit growth outpacing revenue growth. The revenue growth rate of 11.5% in FY2026 (ending March 2026) accelerated from 8.6% in the previous fiscal year. The operating margin continued to improve, reaching 65.7% (up from 64.6% in the previous fiscal year). While sustained high demand for corporate DX investment served as a tailwind in the external environment, some caution in investment decisions was observed amid an uncertain economic outlook. Ordinary income rose to ¥104,779 million (up 16.7% year on year), supported by non-operating income including equity in earnings of affiliates of ¥6,630 million and dividends received of ¥5,014 million. The company's forecast for FY2027 (ending March 2027) calls for net sales of ¥148,700 million (up 10.0% year on year) and operating income of ¥98,000 million (up 10.3% year on year).
Growth Strategy
Promoting deeper penetration and new customer acquisition among large and mid-sized enterprises through an integrated development-sales-service structure, enhanced cloud infrastructure, and capturing demand driven by regulatory changes
Capturing ERP implementation demand for the OBIC7 Series across a wide range of industries including manufacturing, distribution, services, and finance. In FY2026 (ending March 2026), orders received for the System Integration Business remained solid at ¥55,213 million (up 9.0% year on year), confirming expansion of the new customer base.
Continuously enhancing facilities at proprietary cloud centers. Capital expenditure on property, plant and equipment was ¥2,219 million in FY2026 (ending March 2026). Sales of the System Support Business, centered on Cloud Solutions, maintained high growth of 13.5% year on year, with the effects of capital investment reflected in business results.
Capturing system update demand arising from regulatory changes such as work style reform, the invoice system, and the Electronic Books Preservation Act. Demand related to regulatory compliance is also contributing to the expansion of recurring revenue in the System Support Business, with orders received for the System Support Business in FY2026 (ending March 2026) recording high growth of ¥81,110 million (up 14.7% year on year).
Continuing to register and file patents related to the proprietary business model of its self-developed ERP, preventing imitation by competitors. Promoting efforts to protect intellectual property under the integrated development-sales-service structure, thereby ensuring the sustainability of its high-profitability structure.
Last updated: July 19, 2026