Computer Institute of Japan, Ltd.
4826・Prime Market・Information & Communication
Business
CIJ Inc. is an independent IT system development company founded in 1976. It operates as a single-segment company offering four sales categories: System Development, Consultation and Research, System/Package Integration Services, and Other (Computer Product Sales, Operation & Maintenance, etc.). Its primary customer base spans the manufacturing, public, and energy sectors, providing one-stop services ranging from system design, development, and operation/maintenance to consulting for SIers, general corporations, and public institutions. Revenue for FY2025 (ended June 2025) was ¥26,899 million. The company is listed on the Prime Market of the Tokyo Stock Exchange. It continues to expand its business through group companies, and in October 2024 it made Advance Soft Corporation, which has strengths in system development for power companies, a wholly owned subsidiary.
Business Model
The main revenue source is System Development (net sales of ¥23,300 million in FY2025 (ended June 2025), 86.6% of total), providing integrated design, manufacturing, and operation & maintenance services to clients in the manufacturing, public, and energy sectors. The company combines orders routed through SIers (SCSK Corporation accounted for 10.9% of net sales) with prime contracts such as comprehensive welfare systems for local governments, building a recurring order model based on long-term relationships of trust. The company is also advancing the development of new solutions such as generative AI services, with R&D expenses of ¥162 million invested, aiming to diversify its revenue streams.
Company Strengths
Revenue grew for five consecutive fiscal years, from ¥20,392 million in FY2021 (ended June 2021) to ¥26,899 million in FY2025 (ended June 2025). Operating income expanded from ¥1,387 million to ¥2,170 million over the same period, with the operating margin improving from 6.8% to 8.1%. In FY2025 (ended June 2025), net income attributable to owners of parent achieved substantial growth, reaching ¥1,495 million (up 57.7% year on year).
The equity ratio remained at a high level of 77.7% at the end of FY2025 (ended June 2025). Cash and cash equivalents stood at ¥8,214 million, ensuring sufficient liquidity. Interest-bearing debt is minimal, with a cash flow to interest-bearing debt ratio of 0.4x and an interest coverage ratio of 351.0x, indicating extremely high financial soundness.
In October 2024, the company made Advance Soft Co., Ltd., which has extensive experience in system development for electric power companies, a wholly owned subsidiary, strengthening its energy sector operations. In December 2025, it consolidated Infotech Solution Co., Ltd. to expand its public sector business. Orders received increased 8.9% year on year to ¥27,074 million, and the order backlog grew to ¥5,005 million (up 3.6% year on year).
ENVALITH's Perspective
Performance Trend
Revenue grew for five consecutive periods, from ¥20,392 million in FY2021 to ¥26,900 million in FY2025. In the nine months through Q3 of FY2026 (ending June 2026), cumulative revenue reached ¥21,935 million (up 9.0% year-on-year), showing an accelerating trend, putting the full-year forecast of ¥28,500 million (up 5.9% year-on-year) within reach. Operating profit surged, with cumulative Q3 operating profit at ¥2,162 million (up 27.5% year-on-year). This was driven by the fading impact of cost overruns on certain projects in the same period of the prior year, as well as tailwinds from expanding IT investment in the public and energy sectors. The operating profit margin approached a record-high level of 9.9%. On the financial front, total assets stood at ¥19,633 million (up ¥956 million from the end of the previous fiscal year), and the equity ratio remained healthy at 75.8%.
Growth Strategy
Aiming for revenue of ¥30.0 billion and operating profit of ¥2.4 billion in FY2027 (ending June 2027) through M&A, generative AI utilization, and expansion of prime contracting business
Infotech Solution Corporation, which has extensive transaction experience in system development for government agencies and social infrastructure, was made a consolidated subsidiary on December 1, 2025. This strengthened the order intake base in the public sector, and the contribution became evident as System/Package Integration Services revenue for the cumulative nine months of the third quarter increased 39.0% year on year.
The Global Business & Digital Solutions R&D Promotion Division is leading the application of generative AI to development processes. Hands-on training specialized in RAG (Retrieval-Augmented Generation) technology is being conducted to promote engineer development. The company aims to improve added value and unit prices by deploying generative AI solutions to customers.
A three-year plan spanning FY2025 (ending June 2025) to FY2027 (ending June 2027). The company aims to demonstrate specialized partnerships tailored to a wide range of customers, including IT companies, general corporations, and the public sector, targeting revenue of ¥30.0 billion and operating profit of ¥2.4 billion in FY2027 (ending June 2027). The operating profit progress rate for the cumulative nine months of the third quarter of FY2026 (ending June 2026) reached 96.1%, continuing the steady progress seen in the first year.
Last updated: July 17, 2026