ENVALITH
ブリッジインターナショナル株式会社 logo

BRIDGE International Corp.

7039Growth MarketServices

ブリッジインターナショナル株式会社 logo
BRIDGE International Corp.7039

Business

Bridge International Group Co., Ltd. is a holding company (transitioned to holding company structure in October 2025) that provides End-to-End services supporting revenue growth transformation for B2B companies. Its core Inside Sales Outsourcing Business (revenue of ¥4,630 million) has held a pioneering position since the company's founding in 2002, with a workforce of over 500 specialized professionals. Together with the Process Technology Business (¥1,552 million), which supports AI-driven sales and marketing DX, and the Training Business (¥2,381 million), which provides corporate training for IT companies, the group's three businesses comprehensively support corporate sales organization transformation, riding structural tailwinds such as the declining working-age population and the spread of generative AI. Its main customers are corporate clients in the foreign-affiliated IT, domestic IT, telecommunications, and financial industries. The company is listed on the Tokyo Stock Exchange Growth Market.

Business Model

The Inside Sales Outsourcing Business operates on a monthly fixed-fee business commission contract model, and is a stable recurring revenue business with existing customers accounting for over 90% of sales. The Process Technology Business combines Consulting Service (flow-type) with System Solution Service/operational support (stock-type), and is shifting toward a higher stock ratio. The Training Business uses New Hire and Pre-Employment Training (approximately 40% of sales) as a starting point, expanding customer unit prices through cross-selling to hierarchical and skill-based training. The company aims to establish one-stop proposal capability as a competitive advantage through the collaboration of these three businesses.

Company Strengths

The company began offering its service in 2002, before the concept of division of labor in corporate sales processes had become widespread. It established a standard model by adapting the most advanced methods of major U.S. global IT companies to Japanese sales practices, accumulating over 20 years of track record. The company prides itself on being unmatched in having over 500 specialized inside sales personnel with broad IT knowledge.

In the Inside Sales Outsourcing Business, existing customers account for over 90% of sales, and most contracts continue over several years. The flat monthly fee model provides high revenue predictability, and the company maintains service pricing at a premium level within the industry. Sales in this business for FY2025 (ending December 2025) continued to grow steadily, reaching ¥4,630 million (up 2.3% year on year).

I Learning Co., Ltd. has over 30 years of track record in corporate training, and in FY2025 (ending December 2025), achieved sales of ¥1,000 million (¥1 billion) for New Hire and Pre-Employment Training for the first time. The company offers a wide range of courses, from IT skills—including the country's leading IBM product training—to DX promotion and business skills, and has built a system enabling cross-selling based on its IT company customer base.

ENVALITH's Perspective

For the first quarter of the fiscal year ending December 2026, revenue was ¥1,580 million (down 17.9% year on year) and operating profit was ¥35 million (down 82.7% year on year), representing a significant decline in both revenue and profit. The main causes were: (1) the deconsolidation of Total Support Corporation in the Process Technology Business (the loss of ¥251 million in revenue recorded in the same period the previous year); (2) the termination of certain foreign-affiliated IT projects in the Inside Sales Outsourcing Business; and (3) upfront investments (enhanced recruitment and accelerated pay raises) aimed at optimizing the business model. The company has left its full-year earnings forecast unchanged (revenue of ¥8,288 million to ¥9,160 million, operating profit of ¥983 million to ¥1,086 million), explaining that progress is consistent with a plan structure weighted toward the second half of the fiscal year.

First-quarter revenue of ¥1,580 million represents only about 19% of the low end of the full-year forecast of ¥8,288 million, and operating profit of ¥35 million represents just about 3.6% of the low end of the full-year forecast of ¥983 million. Even accounting for seasonality—with the Training Business weighted toward the second quarter and the Process Technology Business weighted toward the second half—achieving the full-year target presupposes a substantial recovery in performance over the remaining three quarters. Notably, selling, general and administrative expenses increased to ¥517 million year on year (versus ¥475 million in the same period the previous year), and continued attention should be paid to changes in the cost structure.

With the transition to a holding company structure in October 2025 and the sale of Total Support Corporation in the same year, the concentration of the business portfolio and improvement of the earnings structure are progressing. As an external factor, the growing need among companies to improve sales organization productivity amid a declining working-age population represents a medium- to long-term tailwind. On the other hand, concrete progress in the development and monetization of new AI-driven services, which each business segment is focusing on, remains difficult to observe, and disclosures from the second quarter onward will be an important factor in assessing the likelihood of a second-half earnings recovery.

Growth Strategy

Aiming for sustainable growth through AI-driven advancement across three businesses, selection and concentration on large-scale projects, and one-stop collaboration

Accelerating focus on large-scale projects centered on the three priority areas of foreign IT, domestic IT, and financial services. Promoting the advancement of high-value-added inside sales services through AI utilization, aiming to maintain high unit prices and improve profitability. In Q1 FY2026 (ending March 2026), despite the termination of some foreign IT projects, performance progressed largely within plan.

In addition to strengthening the foundation of the existing System Solution Service business, focusing on developing new services utilizing AI. Performance is planned to be weighted toward the second half, with Q1 FY2026 (ending March 2026) being in the development preparation stage. Aiming to improve the profit structure through business portfolio concentration following the sale of Total Support Corporation.

While continuing to expand New Hire and Pre-Employment Training, which serves as the earnings base, expanding sales of PM Training and Sales Training as a second pillar. In Q1 FY2026 (ending March 2026), strong performance in pre-employment training led to revenue growth, with sales of ¥312 million (up 6.6% year on year). Addressing rising costs associated with an increase in in-person training remains a challenge.

Utilizing the transition to a holding company structure in October 2025 to optimize the allocation of management resources across the group. The annual dividend forecast for FY2026 (ending December 2026) has been set at ¥95.00 per share (an increase of ¥10.00 year on year). Also implementing share buybacks (48,900 shares acquired in Q1 FY2026 (ending March 2026)) to promote improved capital efficiency.

Last updated: July 17, 2026