ENVALITH
アクモス株式会社 logo

ACMOS INC.

6888・Standard Market・Information & Communication

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アクモス株式会社 logo
ACMOS INC.6888

Business

Akmos Inc. was established in 1991 and is listed on the Standard Market of the Tokyo Stock Exchange as an operating holding company. The Group consists of five consolidated subsidiaries and operates three segments: IT Solutions Business (SI, fire and disaster prevention, GIS), IT Infrastructure Business (IT infrastructure and network construction, cloud), and IT Service Business (third-party maintenance, hospital information systems, BPO). Its main customers are government agencies, local public bodies, and medical institutions, with demand for DX promotion in the public sector forming the primary business foundation. Consolidated net sales for FY2025 (ending June 2025) were ¥6,421 million.

Business Model

官公庁・自治体向けに受注型SI・保守・BPOを組み合わせた複合収益モデル

Company Strengths

The company participates in nationwide bidding for fire communication command systems, having won 4 contracts as of the end of FY2025 (ended June 2025), with order backlog up 28.7% year-on-year to ¥1,167 million (IT Solutions Business as a whole). In the first half of FY2026 (ending June 2026), it secured 4 new orders, expanding the order backlog by 62.9% year-on-year to ¥1,731 million, which functions as a leading indicator for growth investment areas.

As of the end of FY2025 (ended June 2025), the equity ratio stood at 62.5%, cash and cash equivalents were ¥2,795 million, and interest-bearing debt remained limited to ¥400 million. The company has a substantial net cash position, giving it the financial flexibility to fund M&A and human capital investment from its own resources. The market-value-based equity ratio was 103.0%, exceeding total assets.

The company is rolling out its Vehicle Inspection Tax Payment Confirmation Support System and the cloud-based attendance management service for teaching staff, "AttRec," to prefectures and municipalities nationwide. In September 2024, it was certified as an AppSuite integrator by Neo Japan, adding no-code business application support services to its menu. The company is building a recurring revenue base through the nationwide rollout of package services for local governments.

ENVALITH's Perspective

For the nine months ended FY2026 (ending March 2026), net sales reached ¥5,698 million (up 17.6% year on year), achieving revenue growth, while operating profit fell significantly to ¥409 million (down 17.2% year on year), well below the prior-year level. The main cause was an increase in operating expenses such as personnel costs, with the cost-of-sales ratio rising from 63.4% in the same period of the previous year to 68.3%. The time lag between headcount growth and revenue contribution is key to a mid-term recovery in profit margins, and attention is focused on whether the shift to planned deployment of new employees will prove effective.

Operating profit for the IT Service Business for the nine months ended fell sharply to ¥50 million (versus ¥112 million in the same period of the previous year, down 55.2% year on year). The Third-Party Maintenance Service is in a structural decline, with new orders falling short of cancellations, and there are limits to how much BPO Services and Hospital Information System Maintenance & Management can offset this. The order backlog showed signs of improvement, rising 19.4% year on year to ¥697 million, but a recovery in profitability for the segment as a whole is expected to take time.

As of April 30, 2026, the full-year earnings forecast was revised, targeting net sales of ¥7,500 million (up 16.8% year on year) and operating profit of ¥450 million (up 22.9% year on year). The progress rate for operating profit for the nine months ended reached approximately 91% of the full-year target, meaning profit accumulation in Q4 is necessary to achieve the full-year goal. In terms of the external environment, robust demand for generative AI and DX-related investment is a tailwind, but there is a risk that rising resource and financing costs, along with uncertainty over the Middle East situation, could affect procurement costs in the Fire & Disaster Prevention business.

Growth Strategy

Aiming for group sales of ¥10 billion in FY2028 (ending June 2028) through fire & disaster prevention, financial SES, and M&A

Rolling out the SYMPROBUS F Series to fire departments nationwide. Cumulative deliveries in Q3 totaled 5 units (4 of which were new), and order backlog reached ¥958 million, up 66.8% year-on-year for the same quarter, with the pipeline continuing to expand.

Promoting M&A in the Greater Tokyo area based on the Medium-Term Management Plan 2028. In January 2026, made SYS Co. (System Engineering Service (SES) for Financial Institutions) a wholly owned subsidiary at an acquisition cost of ¥288 million, expanding the range of industries covered in the financial sector. An absorption-type merger is scheduled for October 2026.

Changed the assignment of new employees for on-the-job training from a uniform, simultaneous assignment to a planned assignment approach, aiming to resolve the time lag between headcount growth and profit contribution. Group employee count at the end of Q3 was 522, up 80 from the same period a year earlier (including 30 from the consolidation of SYS Co. as a subsidiary).

Transactions with AI Solutions vendors, initiated in the previous fiscal year, and GIS Solutions have been progressing steadily. The company aims to capture robust demand for generative AI and DX-related investment, thereby enhancing the added value of the IT Solutions Business.

Introduced a progressive dividend policy for the period of the Medium-Term Management Plan 2028 (July 2024 to June 2028), with a basic policy of maintaining or increasing dividends relative to the previous year's actual level. The forecast annual dividend for FY2026 (ending June 2026) is ¥25 per share (unchanged from the previous fiscal year).

Last updated: July 17, 2026