Hutzper Inc.
478A・Growth Market・Information & Communication
Hutzper Inc.
478A・Growth Market・Information & Communication
Business
Hutzper Corporation operates under the mission of "Turning Cutting-Edge Technology into Reliable Labor," providing AI and IoT-based services to Japan's manufacturing industry, which faces severe labor shortages and delays in digital transformation (DX). Centered on its flagship visual inspection automation AI "Mekikibyte," the company also offers the analytics AI "Custom Hutzper AI," the workforce allocation optimization tool "Skill Puzzle," and the local generative AI "Rakurag." A key feature is its ability to provide seamless, end-to-end services spanning optical design through AI model construction and operational management. The number of client companies for FY2025 (ending December 2025) reached 147 (up from 114 in the previous period). The company listed on the Tokyo Stock Exchange Growth Market in December 2025. Its main customers are manufacturers in sectors such as food, chemical fibers, and automobiles (accounting for 76.2% of sales composition), with expansion also underway into logistics, construction, and other industries.
Business Model
In the image recognition AI service business, the structure combines hardware sales (spot) and AI construction/license usage fees (monthly subscription) in the first year, with license revenue (monthly fee of ¥98,000) accumulating continuously from the second year onward. The subscription churn rate for FY2025 (ending December 2025) was extremely low at 0.23%, and license revenue increased 32.2% year on year to ¥89 million. The analytical AI service business is centered on spot sales. Against revenue of ¥1,257 million, the company achieved an operating margin of 31.6%, with a marked improvement in margin accompanying revenue growth.
Company Strengths
The company provides an integrated, end-to-end service ranging from optical design and hardware selection to production-environment AI model development, exclusion mechanism integration, and cloud operation management. It holds patented technology related to a hybrid configuration combining edge AI and the cloud-based "Hutzper Insight," enabling customers to perform no-code AI re-training themselves. With numerous engineers who have backgrounds in the manufacturing industry, the company maintains high implementation capability with a workforce of 43 employees.
The subscription contract churn rate has remained low since the company's founding, standing at 0.23% in FY2025 (ending December 2025). As a result, revenue from continuing customers expanded sharply, up 212.5% year on year to ¥837 million. Expansion of multiple lines among existing customers has been the primary growth driver, and the deepening of the customer base provides high stability and predictability of revenue.
In FY2025 (ending December 2025), revenue increased 108.4% year on year to ¥1,257 million, and operating profit reached ¥397 million (compared with an operating loss of ¥69 million in the prior period), marking a significant turnaround to profitability. Gross profit margin reached 65.0% and operating profit margin reached 31.6%, as the growth in selling, general and administrative expenses was contained to an increase of 11.3% relative to revenue growth, resulting in a high profit margin.
ENVALITH's Perspective
Performance Trend
In FY2025 (ending December 2025), the company achieved revenue of ¥1,257 million, operating profit of ¥397 million, and net income of ¥304 million. For FY2026 (ending December 2026), full-year revenue is forecast at ¥2,000 million (up 59.3% year on year) and operating profit at ¥480 million (up 21.2% year on year), with Q1 actual results of revenue of ¥296 million, operating profit of ¥56 million, and quarterly net income of ¥41 million. The gross profit margin remained at a high level of 69.8% (gross profit of ¥207 million), and the operating profit margin remained high at 18.9%. As an external factor, the continued DX investment including generative AI in the domestic manufacturing DX market has firmly supported the business environment. Financially, the company maintains soundness with total assets of ¥2,336 million, net assets of ¥2,125 million, and an equity ratio of 91.0%.
Growth Strategy
Multi-layered growth strategy encompassing deepening of existing customer relationships, new customer acquisition, domestic area expansion, and overseas expansion
The company is promoting additional deployments and feature expansion to its existing 115 client companies while maintaining a low cancellation rate (0.23%). It aims to build up recurring-type revenue by accumulating on the ¥29 million in license revenue recorded in Q1.
The company relocated its Kanto branch in line with employee growth, strengthening its sales and follow-up capabilities in the greater Tokyo area. It is also promoting lead generation by exhibiting at multiple trade shows in parallel.
Preparations for expanding into both domestic and overseas areas began in Q1. The company is at the stage of building out its organizational structure with the aim of capturing overseas demand for AI in the manufacturing sector.
The company conducted active hiring activities in Q1 to expand its internal foundation. The number of shares issued stood at 10,162,500 shares at the end of Q1 (versus 10,040,000 shares at the end of the previous fiscal year), reflecting progress in securing talent through the exercise of stock options.
The order backlog stood at ¥531 million at the end of Q1, with large-scale order wins driving business expansion. Preparations for implementation and delivery systems are underway ahead of revenue recognition from the second half onward.
Last updated: July 17, 2026