ProjectHoldings, Inc.
9246・Growth Market・Services
Digital Transformation Business
Core DX consulting business accounting for 73.6% of group sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (Q1 FY2026) | ¥1,203 million | ¥1,011 million (Q1 FY2025) | ↑ |
| Segment profit (Q1 FY2026) | ¥320 million | ¥225 million (Q1 FY2025) | ↑ |
| Segment profit margin (Q1 FY2026) | 26.6% | 22.3% (Q1 FY2025) | ↑ |
| Consulting Service sales (Q1 FY2026) | ¥1,173 million | ¥988 million (Q1 FY2025) | ↑ |
| Depreciation and amortization (Q1 FY2026) | ¥2 million | ¥2 million (Q1 FY2025) | — |
Business Details
Provides consulting services centered on execution support for business transformation, organizational transformation, operational reform, data utilization, and AI utilization, targeting middle management (department and section managers) at business corporations, along with digital marketing support (Marketing Service) and UI/UX evaluation (UIscope Service). The main subsidiary is Project Company, Inc. The business primarily provides consultant staffing on a man-month basis, with the number of engaged employees and consultant unit price serving as key management indicators.
Recent Overview
Q1 sales up 19.0%, margin significantly improved to 26.6%, sales growth across all services
In the first quarter of FY2026 (ending December 2026), sales of the Digital Transformation Business were ¥1,203 million (up 19.0% year on year), and segment profit was ¥320 million (up 41.9% year on year), representing substantial growth in both sales and profit. The profit margin improved from 22.3% in the same period of the prior year to 26.6%. Consulting Service led the growth at ¥1,173 million (up 18.8% year on year), and UIscope Service also expanded rapidly to ¥9 million (up 442% year on year). It should be noted that a change in presentation method (reclassifying personnel costs during the training period for new hires from cost of sales to selling, general and administrative expenses) affects the year-on-year comparison.
Key Products
Growth Drivers
- Steady growth in consulting demand accompanying the expansion of business transformation themes among existing clients
- Rising need for support in promoting corporate AI utilization amid the advancement of AI technology implementation, including generative AI (AI Consulting Division newly established in January 2025)
- Improvement in gross profit margin through optimization of in-house consultant utilization and reduction of the outsourcing ratio
- Strengthening of organizational capability through improvement of the turnover rate to below the target level and earlier promotion to managerial positions
- Continued expansion of demand for utilizing external partners against the backdrop of a shortage of DX promotion personnel
Risks
- Risk of difficulty securing top talent due to intensifying competition for consultant recruitment
- Skewed service mix within the segment (increasing dependence on Consulting Service) due to shrinking sales of Marketing Service and UIscope Service
- Risk of delayed response to the rapid advancement of AI and digital technologies (adaptation to technological innovation)
- Risk of sales concentration among major clients (NTT Data Group and SBI Holdings Group), with the top two clients accounting for approximately 34% of consolidated sales
- Scalability constraints due to dependence on the man-month staffing model
Last updated: March 27, 2026