Toukei Computer Co.,Ltd.
4746・Standard Market・Information & Communication
Business
Toukei Computer Co., Ltd. is an independent system integrator founded in 1970, headquartered in Kawasaki City, Kanagawa Prefecture. The company consists of three segments: Information Processing & Software Development (approximately 90% of net sales), Equipment Sales, and Leasing & Other Services. Under an industry-based organizational structure, the company trains SEs who specialize in specific industries such as manufacturing, distribution, and construction, and develops, sells, and operates package systems that incorporate industry-specific business know-how. System Operation Services (outsourcing) utilizing its own data center is driving growth, and the customer base is diversified to the extent that no single customer accounts for 10% or more of sales. The company is listed on the Standard Market of the Tokyo Stock Exchange. Its parent company is Upward Inc.
Business Model
Industry-specialized SEs (systems engineers) develop and implement package systems after deeply understanding customers' operational challenges, then continue to receive outsourced operation and maintenance services at the company's own data centers, building up stable, stock-type recurring revenue. In FY2025, System Operation Services sales grew to ¥11,995 million (up 10.2% year on year), becoming the company's core revenue source. Hardware sales serve as complementary revenue at the time of implementation, while leasing and real estate leasing generate stable, if small-scale, cash flow. Working capital is fully funded through internal resources, and the company maintains debt-free management.
Company Strengths
In FY2025, the Information Processing & Software Development segment achieved an operating margin of 31.0% (net sales of ¥18,703 million, operating income of ¥5,802 million). Through horizontal deployment of in-house developed packages and the shift toward recurring revenue from System Operation Services, the company has achieved a high profit margin that significantly exceeds the industry average.
Net sales grew from ¥16,782 million in FY2021 to ¥20,836 million in FY2025, operating income rose from ¥3,743 million to ¥6,271 million, and net income increased from ¥3,008 million to ¥5,374 million, marking five consecutive periods of increased revenue and profit. Net income in FY2025 accelerated, growing 19.5% year on year.
The order backlog at the end of FY2025 totaled ¥2,086 million (up 116.9% year on year). Of this, Information Processing & Software Development accounted for ¥1,998 million (up 113.6% year on year) and Equipment Sales for ¥88 million (up 335.4% year on year), both showing substantial increases that provide high visibility supporting earnings in the next period.
ENVALITH's Perspective
Performance Trend
In Q1 (January–March) of FY2026 (ending December 2026), net sales were ¥5,483 million (up 4.3% YoY), operating profit was ¥1,695 million (up 6.7% YoY), ordinary profit was ¥1,836 million (up 7.6% YoY), and profit attributable to owners of parent was ¥1,475 million (up 18.0% YoY). High-quality growth continued, with net income growth substantially outpacing revenue growth. A gain on sale of fixed assets of ¥284 million was recorded as extraordinary income, contributing to the boost in net income. By segment, Information Processing & Software Development was driven by steady progress in System Operation Services, while Equipment Sales also performed well, with net sales up 11.3% YoY on increased demand for hardware replacement. Leasing & Other Services saw operating profit decline sharply by 80.7% YoY due to brokerage fees incurred in connection with the partial sale of rental real estate, among other factors. The full-year earnings forecast (net sales of ¥21,884 million, operating profit of ¥6,825 million) remains unchanged from the figures announced in February 2026 (Reiwa 8). Regarding the market environment, increased AI-related demand is supporting IT investment, while there remains uncertainty about the outlook due to rising crude oil prices.
Growth Strategy
Expanding sales of service products leveraging information system assets and enhancing added value through built-in AI functionality
The company is prioritizing the expansion of outsourced System Operation Services by leveraging its proprietary data centers and industry-specific expertise. In the first quarter of FY2026 (ending March 2026), System Operation Services continued to perform steadily, and revenue from Information Processing & Software Development increased 4.0% year on year. The accumulation of recurring revenue is structurally supporting the improvement in profit margins.
The company is commercializing its proprietary information system assets as service products and actively pursuing sales expansion. Management commentary for the first quarter of FY2026 (ending March 2026) also explicitly identified "promoting commercialization and expanding System Operation Services revenue" as a key priority. This strategy aims to capture growing corporate interest in IT adoption and digitalization.
The company is enhancing added value by incorporating AI functionality into each product, aiming to reduce operational burden and improve customer satisfaction. In terms of market conditions, growing demand related to AI is contributing to improved business sentiment in both the manufacturing and non-manufacturing sectors, and integrating AI into the company's products is expected to serve as a key differentiating factor.
Last updated: July 17, 2026