Ridge-i Inc.
5572・Growth Market・Information & Communication
Business
Ridge-i, Inc. is an AI-focused technology company founded in 2016 that develops its Custom AI Solutions Business as its core operations, leveraging advanced technologies such as deep learning to solve corporate and social challenges. The company provides end-to-end services from strategy formulation, data assessment, and development through maintenance and operation, with major corporations, primarily in the manufacturing industry, as its main customer base. At the end of FY2024 (ending July 2024), the company made Star Music Entertainment Co., Ltd. a subsidiary, adding a Digital Marketing Business centered on video advertising and music production, and transitioned to a two-segment structure from FY2025 (ending July 2025). The company listed on the Tokyo Stock Exchange Growth Market in April 2023. In September 2025, it concluded a capital and business alliance with SBI Holdings.
Business Model
In the Custom AI Solutions Business, AI Utilization Consulting & AI Development Service (approximately 70% of revenue) forms the core of flow-type revenue. The structure is designed to transition into stock-type revenue via AI Maintenance & Operation Service and AI license provision after development is completed. In the Digital Marketing Business, in addition to flow-type revenue from SNS advertising production and management, IP-accumulating stock-type revenue is added through royalties and copyright usage fees from owned music tracks. For FY2025 (ended July 2025), gross profit margin was 51.1% and operating profit margin was 10.9%.
Company Strengths
Professionals across the three domains of AI, engineering, and business work as a single team, building a system that provides seamless support from strategy formulation to on-site operations. The company has numerous track records of practical implementation, primarily in manufacturing, including joint development of AI-based waste identification with Ebara Environmental Plant Co., Ltd. (operations began in 2019).
The company launched its satellite data analysis service in 2018 and has received the Cabinet Office's "Space Development and Utilization Award" three times, in 2020, 2022, and 2024. In FY2025 (ending July 2025), sales from the Satellite Data AI Analysis Service totaled ¥280,996 thousand, accounting for approximately 22% of Custom AI Solutions Business sales. The company continues to pursue both public and private sector approaches amid market expansion driven by factors such as the JAXA Space Strategy Fund.
The company obtained ISO/IEC27001:2013 and JISQ27001:2014 certification in April 2020. In AI development and operations that handle clients' confidential and personal information, the company continues to establish basic information security regulations and conduct employee training, forming the foundation for continuing long-term projects with major corporations.
ENVALITH's Perspective
Performance Trend
For the nine months ended Q3 FY2026 (ending July 2026) (August 2025 - April 2026), revenue was ¥2,078 million (up 1.5% year on year), operating profit was ¥401 million (up 51.2% year on year), and net income attributable to owners of the parent was ¥249 million (up 88.2% year on year). While revenue growth was modest, cost of sales reduction (down 10.1% year on year) drove a substantial improvement in gross margin, from 51.2% to 56.8%. The Custom AI Solutions Business expanded rapidly, with segment profit of ¥349 million (up 142.1% year on year), absorbing the profit decline in the Digital Marketing Business (segment profit of ¥52 million, down 57.1% year on year). Market conditions provided tailwinds in the form of expanding demand for generative AI and continued corporate DX investment, and a portion of a large-scale order (approximately ¥400 million) received from the SBI Group also contributed to revenue recognition. The full-year forecast has already been revised upward to revenue of ¥2,900 million and operating profit of ¥500 million (up 76.6% year on year). On the financial front, a third-party allotment capital increase established a solid financial foundation, with total assets of ¥4,362 million and an equity ratio of 81.0%.
Growth Strategy
Focus on custom AI, building an AX delivery framework, and securing large-scale projects through SBI collaboration to expand revenue
Building on the capital and business alliance formed in September 2025, the company has secured a large-scale AI project leveraging SBI's financial data and corporate network. In March 2026, it received an order for a project worth approximately ¥400 million, part of which has already been recorded as revenue in the cumulative third quarter. Further expansion of orders from the same group is expected going forward.
In May 2026, the company will make Soken Joho Co., Ltd. (net sales of ¥975 million, 80 employees) a subsidiary for ¥200 million. By incorporating approximately 10 project managers and approximately 60 on-site engineers, the company will build an AX delivery framework capable of completing everything from AI concept development to production operation and continuous improvement within its own group. This will fundamentally strengthen its capability to secure and execute large-scale AX projects.
Star Music Entertainment will be transferred to SBI Holdings for ¥921 million (scheduled for July 16, 2026). A gain on sale of approximately ¥79 million (estimated) is expected to be recorded as extraordinary income. Management and AI talent will be concentrated on the Custom AI Solutions Business to improve capital efficiency and enhance sustainable corporate value.
By transitioning to the maintenance and operation phase after the completion of large-scale AI projects, the company is building up continuous recurring revenue. Since March 2026, maintenance and operation work for SBI Group projects has been expanding, with cumulative third-quarter AI Maintenance & Operation Service revenue reaching ¥124 million. Combining this with flow-based development contracting will enhance the stability of earnings.
Last updated: July 17, 2026