SiriusVision CO., LTD.
6276・Standard Market・Electric Appliances
Business
SiriusVision CO., LTD. is a company listed on the TSE Standard Market, founded in 1966. Under its vision of "zero visual inspection at manufacturing sites," the company develops and sells a diverse range of image inspection systems, including its print quality inspection software "AsmilVision," gravure cylinder plate inspection system "GRACE," and print proofing/plate-checking system "S-Scan-LNC." Its main customers are label printing, gravure printing, and paper container packaging printing manufacturers, and in recent years it has expanded into the semiconductor and electronic substrate industries as well. With five consolidated subsidiaries (UniARTS Co., Ltd., Web Impact Co., Ltd., SiriusVision Shanghai, SiriusVision THAILAND, and SiriusVision VIETNAM), the company provides inspection solutions combining AI and cloud services both domestically and internationally.
Business Model
The core revenue source is the sale of image inspection systems (hardware) and inspection software (AsmilVision, PolarVision, etc.). In addition, subsidiary UniARTS provides AI print inspection and cloud services, while WebImpact provides SaaS-type products (WEB-Kyu, Sync, etc.) as well as contract development and systems for government agencies, supplementing recurring revenue. In FY2025 (ending December 2025), net sales were ¥2,065 million, and the order backlog was ¥674 million.
Company Strengths
In September 2018, cumulative sales of image inspection systems exceeded 1,000 units. The company supplies products to a diverse range of printing markets, including label printing, gravure, and paper packaging, and its mainstay product S-Scan-LNC continues to be adopted in multiple units by major printing companies, with the depth of its existing customer base underpinning order intake.
Total R&D expenses (including personnel costs) over the past five years have exceeded ¥1.5 billion. As a result of this investment, the company has launched multiple new products and technologies to the market, including the compact desktop inspection system "S-Comet" (released October 2025), the new learning-free AI "Regulus" (announced November 2025), and an AI print inspection system (released June 2024).
Subsidiary WebImpact has seen steady sales from SaaS-type product sales such as "WEB-Kyu," "Sync," and "QUICK GATE," as well as system operation services, contract development, and cloud-based application review systems for government agencies, functioning as a recurring revenue source that mitigates, to a certain extent, the volatility risk of the image inspection business.
ENVALITH's Perspective
Performance Trend
Revenue peaked at ¥4,138 million in FY2021 and continued to decline, shrinking to ¥2,065 million in FY2025. However, in Q1 of FY2026 (ending December 2026) (January–March 2026), revenue turned to a recovery trend, reaching ¥568 million (up 35.4% year-on-year). Revenue from the domestic Image Inspection business increased approximately 78.8% year-on-year, and the synergy between improved sales composition and reduced SG&A expenses (from ¥295 million to ¥218 million) resulted in an operating profit of ¥85 million (compared to an operating loss of ¥36 million in the same period last year). Quarterly net income attributable to owners of the parent was ¥365 million, of which ¥298 million was a gain on sale of Web Impact Inc. shares (extraordinary income). As external factors, a recovery in capital investment in the label print inspection market and replacement demand from existing customers for aging inspection equipment supported the revenue recovery. The equity ratio improved to 72.2% (from 66.2% at the end of the previous fiscal year), strengthening the financial base.
Growth Strategy
Focus on the image inspection business and rollout of AI and new products aim to rebuild the earnings base
Implemented a reduction of approximately 25% in officer and employee headcount, reorganization of technology development sites, reduction of office costs, and a freeze on R&D investment. In Q1 of FY2026 (ending March 2026)... [note: fiscal period below], SG&A expenses were reduced to ¥218 million (vs. ¥295 million in the same period of the prior year), achieving an operating profit. The company targets full-year operating profit of ¥150 million.
The compact tabletop inspection system S-Comet, weighing 10kg and released on October 29, 2025, is being rolled out to a wide range of industries including cosmetics, pharmaceuticals, semiconductors, and electronic substrates. Inquiries from each industry are increasing, and the product is expected to drive new market development.
Regulus, a new product that resolves the challenges of conventional AI Print Inspection systems (the heavy deep-learning burden from massive volumes of defective products), is being evaluated at multiple printing sites. Through its adoption, the company aims to achieve zero visual inspection at printing sites, replacing existing AI products and acquiring new customers.
Through strengthened collaboration with Chinese machinery manufacturers, the company is expanding sales of China-made inspection systems equipped with its proprietary software to China, Japan, and ASEAN markets. In Q1 of FY2026 (fiscal year ending December 2026), the China image inspection business turned to an operating profit. The ASEAN business is also seeing improved profitability through fixed cost reductions and operational efficiency gains.
As part of a review of the business portfolio, the company transferred all shares of Web Impact Inc. on March 31, 2026, recording a gain on sale of affiliate shares of ¥298 million. This has enabled a focus on the image inspection business and secured investment funds for future growth areas.
Last updated: July 17, 2026