TDSE Inc.
7046・Growth Market・Services
Business
TDSE Inc. is a company specializing in Big Data & AI Solutions, founded in 2013. Data scientists and engineers make up more than 80% of its employees, and the company operates two business pillars: "Consulting Services," which provides end-to-end support ranging from DX/AI assessment to data analysis, AI model construction, system implementation, and training, and "Product Services," which offers QUID products, Cognigy, Dify, and its proprietary TDSE series, among others. With a customer base of over 500 companies, it supports businesses across a wide range of industries including manufacturing, finance, distribution, and services. In recent years, the company has shifted its business focus toward the generative AI and AI agent domain, and net sales for FY2026 (ending March 2026) reached ¥3,005 million.
Business Model
Consulting Services is centered on project-based flow revenue, aiming to expand customer unit prices through a "large-scale × long-term" strategy. Product Services handles stock-type revenue based on continuous usage contracts for QUID, Cognigy, Dify, and other offerings. Insights on generative AI agent utilization gained through consulting are reflected in product development, building a virtuous cycle in which products support the sophistication of consulting. The new medium-term plan SHIFT2028 sets a target of achieving a 30% stock revenue ratio.
Company Strengths
Over 80% of employees are data scientists and engineers. 90% of data scientist staff hold a master's degree or higher in a science field, of which 50% have advanced to doctoral programs or hold a doctoral degree. The company has a diverse pool of talent who acquired analytical skills and knowledge at research institutes in advanced countries, and it continues to strengthen its talent development system through a skill- and performance-linked personnel evaluation system and educational curriculum.
Since its founding, the company has supported more than 500 companies, accumulating project track records, AI technology, and know-how across a wide range of industries as intellectual property. It has an ongoing track record of transactions with major companies such as Fast Retailing and Recruit, and by leveraging its accumulated library to improve project efficiency and develop young talent, it has built execution capabilities that are difficult for competitors to replicate in a short period of time.
The company has entered into sales agency agreements for products from US-based QUID (Quid Monitor, etc.), Germany-based Cognigy GmbH, and LangGenius's Dify, expanding its lineup of generative AI agent-related products. It also offers its own TDSE series of proprietary products (TDSE KAIZODE, QA Generator, and TDSE Eye), establishing a framework capable of providing differentiated solutions that combine consulting with products.
ENVALITH's Perspective
Performance Trend
Revenue grew for five consecutive periods, from ¥1,724 million in FY2022 to ¥3,005 million in FY2026. The FY2026 revenue growth rate of 11.4% accelerated from 7.0% in the prior period. As an external factor, rising corporate appetite for DX and generative AI investment supported expansion of Product Services and the AI Agent Service (Dify/Cognigy). On the profit side, FY2026 saw operating profit of ¥214 million and net income of ¥174 million, recovering from the decline in FY2025, but the FY2027 forecast calls for operating profit of ¥130 million and net income of ¥85 million, again a substantial profit decline. This is mainly attributable to the concentrated execution of strategic investments toward SHIFT2028, and the profitability trend is deteriorating. Operating cash flow was stably generated at ¥193 million, so the impact on cash is limited.
Growth Strategy
Under SHIFT2028, the company is pursuing a triple transformation toward a generative AI-centered focus, stock-type revenue, and a consolidated organizational structure
The company newly established an AI Agent Service centered on Dify, Cognigy, and Copilot Studio, and, in collaboration with G-dep Advance Inc., launched a generative AI development service on an NVIDIA DGX B200 private cloud. In the Consulting Services domain, the company is also promoting the expansion of generative AI utilization projects.
The company aims to shift from flow-dependent revenue to a stock-type revenue base by expanding service usage fees and operation/maintenance fees for product services, as well as subscription-type revenue from AI agents. Signs of this shift can be seen in the increase in advance payments received (from ¥169 million to ¥222 million).
Under the newly established Sales Division and Technology Division, the company is promoting stronger proposals of generative AI and AI agents to customers, strengthening account management for existing customers, and reinforcing relationships with alliance partners. In FY2026 (ending March 2026), a dedicated pre-sales organization was newly established, completing a qualitative strengthening of the sales organization.
The company continues to strengthen its technical capabilities in the data management domain through the use of Databricks, along with reinforcing sales of the highly competitive QUID products. Product services expanded steadily in FY2026 (ending March 2026), and the revenue contribution of the existing product lineup has been confirmed.
Last updated: July 19, 2026