ABIST Co.,Ltd.
6087・Standard Market・Services
Business
Abist Co., Ltd. is a design and development outsourcing company that performs mechanical and machine parts design and development as well as software development, using high-end 3D computer-aided design (3D-CAD) as its primary tool. Founded in 2006, the company listed on the TSE Prime Market in 2022 (transitioning to the Standard Market in October 2023). Its core Design & Development Outsourcing Business accounts for approximately 99% of net sales, providing engineers to a diverse range of clients—centered on automobile manufacturers and parts manufacturers, and extending to home appliances, precision equipment, and information processing—through staffing and contracted service arrangements. As of the end of the 20th fiscal year, the company employed 1,200 engineers and operates nationwide from its headquarters in Mitaka City. In April 2025, it established an overseas subsidiary, VIETNAM ABIST CO., LTD., in Hanoi, Vietnam, beginning global expansion including offshore development. The company also operates a Beauty & Health Products Manufacturing and Sales Business (hydrogen water) and a Real Estate Leasing Business, though these remain limited in scale.
Business Model
The company employs engineers on a permanent basis and generates revenue by providing them to client companies either through Staffing Services (under the client's direction) or Contracted Services (Outsourced-type / On-site-type). Under a policy of maintaining the ratio of higher-value-added contracted services at 50% or above, the company achieved a contracted services revenue ratio of 58.6% in the 20th fiscal period (contracted services: ¥6,127 million, staffing services: ¥4,326 million). By continuously promoting unit price improvements according to technical capability and difficulty level, the company expands earnings through the dual drivers of increasing engineer headcount and rising unit prices. Capital expenditure is mainly limited to items such as CAD terminals, and the company maintains financial discipline by funding this in principle from its own resources.
Company Strengths
In the 20th fiscal year, the contracted services revenue ratio remained at a high level of 58.6% (¥6,127 million), significantly exceeding the management target of 50% or more. Continued progress in unit price improvement has supported the Design & Development Outsourcing Business segment profit margin of 17.5% (¥1,839 million), achieving profit growth of 4.7% compared to the 19th fiscal year.
The number of engineers at the end of the 20th fiscal year stood at 1,200 (up 46 from the previous period). The annual average utilization rate remained at a high level of 95.4%, maintaining a stable track record, including the progression from 94.1% in the 16th fiscal year to 97.9% in the 18th fiscal year. Quality and security management systems, including ISO/IEC 27001 certification, have also been established.
At the end of the 20th fiscal year, net assets stood at ¥7,405 million against total assets of ¥9,769 million (net asset ratio of approximately 75.8%). The company maintains a policy of funding working capital and capital expenditures principally with internal funds, resulting in low reliance on interest-bearing debt. With a dividend payout ratio target of 35% or more as a principle, the company continues shareholder returns, with dividend payments of ¥405 million in the 20th fiscal year.
ENVALITH's Perspective
Performance Trend
Revenue over the past five fiscal years has continued to grow steadily, from ¥9,022 million (FY2021) to ¥10,627 million (FY2025). For the interim period of FY2026 (ending September 2026), revenue reached ¥5,610 million (+7.7% YoY) and operating profit reached ¥572 million (+13.6% YoY), showing strong performance. The main drivers were an increase in operational headcount and unit price improvements. Interim net profit rose sharply by +37.0% YoY, due to the absence of the extraordinary loss recorded in the same period of the previous year (¥75 million in costs related to the correction of prior-period financial statements). The full-year forecast calls for revenue of ¥11,200 million (+5.4% YoY) and operating profit of ¥850 million (-11.8% YoY), indicating an outlook of higher revenue but lower profit. As an external factor, continued R&D investment by the automotive industry toward decarbonization and next-generation technology development is supporting the order environment, but uncertainty in the international situation remains a downside risk.
Growth Strategy
Transformation into a digital solutions company and achievement of ¥12,500 million in sales for the 22nd fiscal period
In the core business, the company is promoting a continuous increase in the number of engineers and unit price improvement in line with technical capability and difficulty level. Progress has been steady, with segment sales of ¥5,556 million (up 7.8% year on year) and a segment profit margin of 19.0% for the first half of FY2026 (ending September 2026).
Through the Vietnamese subsidiary, which commenced operations in April 2025, the company is building a global design and development outsourcing framework, aiming to strengthen cost competitiveness and acquire overseas customers. Currently in the launch phase.
An increase in OEM business orders has been confirmed, but due to a decline in mail-order business orders and the incurrence of consumables expenses, the segment recorded a loss of ¥14 million in the first half of FY2026 (ending September 2026), continuing to post a deficit. Turning the mail-order business around and improving the cost structure remain challenges for profitability.
A medium-term policy aiming to become a solutions-proposal-oriented company offering high added value, beyond the existing Design & Development Outsourcing Business. The strategy is to capture the diversification and expansion of corporate demand for design and development outsourcing driven by the progress of DX. The company has set a medium-term target of ¥12,500 million in sales for the 22nd fiscal period.
Last updated: July 17, 2026