ENVALITH
株式会社マネジメントソリューションズ logo

Management Solutions Co.,Ltd.

7033・Prime Market・Services

Official website
株式会社マネジメントソリューションズ logo
Management Solutions Co.,Ltd.7033

Business

Management Solutions Co., Ltd. is a consulting firm founded in 2005, specializing in project management (PMO) execution support. It is listed on the TSE Prime Market. Its main clients are major listed companies both in Japan and overseas, and it provides company-wide project management execution support across a wide range of industries, including mobility, energy, high-tech, and finance. In addition to its domestic operations, the company has bases in China (Shanghai) and the United States, operating as a group of five companies. It employs 849 PMO consultants and has a consolidated workforce of over 1,600, and also develops and provides the project management software "PROEVER."

Business Model

The primary revenue source is project management execution support services provided by PMO consultants, with consulting and other services accounting for ¥20,337 million of total net sales of ¥23,067 million. The company manages three KPIs—number of PMO consultants (849), utilization rate (86.3%), and average unit price (¥1,760 thousand)—as key indicators, building up revenue through expanded hiring and stronger sales efforts. In addition, revenue diversification is underway through license sales of the "PROEVER" software (adopted by 29 companies, over 2,000 licenses).

Company Strengths

Since its founding in 2005, the company has consistently specialized in PMO (Project Management Execution Support) support, building a major client base centered on companies listed on the Tokyo Stock Exchange Prime Market. It recorded consulting and other revenue of ¥20,337 million and other service revenue of ¥2,729 million, achieving net sales of ¥23,067 million and an operating margin of 11.9% in its single segment. Sales dependency on any specific customer is diversified at less than 10%.

In the fiscal year ended December 2025, the company achieved a PMO consultant utilization rate of 86.3% and an average unit price of ¥1,760 thousand, both exceeding the levels of the previous consolidated fiscal year. This is a result of the sales organization newly established in the prior period successfully deepening relationships with existing clients and acquiring new clients, achieving simultaneous improvement in both quantity (headcount of 849) and quality (utilization rate and unit price).

In the fiscal year ended December 2025, the company secured an equity ratio of 67.7% and operating cash flow of ¥2,257 million. Interest-bearing debt is limited relative to net assets of ¥6,048 million, and liquidity is also secured through a commitment line arrangement with financial institutions. Despite dividend payments of ¥489 million and treasury stock repurchases of ¥947 million, the company maintained a cash balance of ¥2,983 million.

ENVALITH's Perspective

For Q1 of FY2026 (ending December 2026), net sales of ¥6,224 million (up 11.1% year on year) and operating profit of ¥955 million (up 13.9% year on year) represent progress rates of approximately 24% and 32%, respectively, against the full-year forecast (net sales of ¥26,000 million and operating profit of ¥3,000 million). The utilization rate declined to 83.8% (down 2.9 points year on year) due to intensified hiring, and the pace of recovery in the utilization rate toward the second half will be the key variable for achieving the full-year target.

Both headcount and unit price expanded, with the number of consultants reaching 920 and the average unit price at ¥1,799 thousand, maintaining the quality of growth. On the other hand, the cost of sales ratio rose from 57.6% in the same period of the previous fiscal year to 59.3% in the current period, continuing a pattern in which rising hiring costs pressure gross margin. Productivity improvements through technology utilization (such as PROEVER) are key to improving profitability, but their contribution cannot currently be quantitatively confirmed.

The annual dividend forecast for FY2026 (ending December 2026) is ¥50 (a 56% increase from ¥32 in the previous fiscal year), representing a substantial increase. The equity ratio stands at 68.5%, indicating a sound financial base; however, short-term borrowings increased from ¥200 million to ¥500 million, and the trend in funding needs during this phase of expanded hiring and investment continues to warrant close monitoring. As for the external environment, risks remain that geopolitical risks and soaring raw material and energy prices could suppress client companies' investment, thereby affecting demand.

Growth Strategy

Under "Beyond1000," the company is pursuing multiple growth axes in parallel: workforce expansion, higher value-added services, technology integration, and overseas expansion.

Recruitment activities have been strengthened, achieving 920 consultants (up 205 year-on-year) as of the first quarter of FY2026 (ending December 2026). Given the structure in which revenue accumulates with tenure, expanded earnings contribution is expected from the second half onward.

Despite a shift in workforce composition due to stronger new graduate hiring, the average unit price was raised to ¥1,799 thousand (up ¥43 thousand year-on-year) through the provision of higher value-added services. The company continues to focus resources on growth industries such as mobility, finance, retail, space, and defense.

A new version of the project management tool PROEVER was released in January 2026. The company aims to transition to an AI-driven business and diversify revenue, seeking to establish revenue sources that complement the structural limitations of the human resources-based model.

With consolidated net sales of ¥100.0 billion set as a long-term target, the company is promoting overseas business expansion and strengthening collaboration among group companies. It practices the MSOL management system (the interworking of strategy, process, organization, and IT) with the aim of achieving sustained enhancement of corporate value.

Last updated: July 17, 2026