Atlas Technologies Corporation
9563・Growth Market・Services
Business
Atlas Technologies Inc. is an independent consulting group specializing in the Fintech domain, providing consulting and project execution support services in the fields of payments, banking, securities, insurance, PMO, IT risk, and security, under its vision of "Unleashing the potential of people and industries." Founded in January 2018, the company listed on the Tokyo Stock Exchange Growth Market in October 2022. In addition to its domestic operations, it has a Singapore branch and two consolidated subsidiaries (Kapronasia Singapore Pte. Ltd. and KAPRONASIA LIMITED), through which it serves global financial institutions, major corporations, and international organizations primarily across the Asia-Pacific region. Its major clients include major telecommunications carriers such as NTT DOCOMO (51.6% of net sales) and financial institutions, among others.
Business Model
The company manages projects end-to-end—from strategy formulation and business planning to requirements definition, system design, business process construction, and operations/maintenance—generating stable revenue by securing continued and additional orders from clients. The cost of sales structure is a labor-intensive model consisting mainly of consultant personnel costs and outsourcing expenses paid to external business partners. Leveraging its independent neutrality and Fintech-focused expertise as competitive strengths, the company expands revenue while building up its client portfolio.
Company Strengths
The company possesses know-how and knowledge accumulated through numerous project support engagements in the payments, banking, securities, and insurance fields. Since FY2025 (ending December 2025), it has launched new services in the banking, insurance, securities, PMO, IT risk, and security fields, and these have steadily begun contributing to revenue. The company has also obtained ISO/IEC 27001 certification.
Leveraging its neutrality as an independent consulting firm not dependent on any specific vendor, the company is able to handle global projects across the Asia-Pacific region using its Singapore base (a branch and two consolidated subsidiaries). For cross-border projects between Japan and overseas, it provides flexible services grounded in an understanding of local business practices, the competitive environment, and consumer behavior.
As of the end of FY2025 (ending December 2025), the company had zero outstanding borrowings from financial institutions. It secured cash and deposits of ¥1,512 million at fiscal year-end, and has also concluded overdraft agreements with three transaction banks for a total credit limit of ¥1,000 million. The company has high financial soundness and a financial base that enables agile use of funds during phases of business expansion.
ENVALITH's Perspective
Performance Trend
Revenue peaked at ¥2,806 million in FY2022, then declined to ¥2,121 million in FY2024, before turning to recovery with ¥2,281 million in FY2025. The full-year forecast for FY2026 (ending December 2026) is ¥2,400 million (up 5.2% year on year). On the profitability side, the company recorded a substantial operating loss of ¥383 million and a net loss of ¥852 million in FY2024, but returned to profitability in FY2025 with operating income of ¥9 million and net income of ¥23 million. In Q1 of FY2026 (ending December 2026), revenue was ¥591 million (up 5.0% year on year) and operating income was ¥34 million (compared with an operating loss of ¥24 million in the same period of the previous year), demonstrating a rapid improvement in profitability. This was mainly driven by a slight decrease in cost of sales and a significant reduction in SG&A expenses (from ¥160 million to ¥133 million year on year). In terms of the external environment, improvements in the employment and income environment as well as resilient inbound demand are supporting domestic demand, while geopolitical risks and rising import prices due to the weaker yen are keeping consumers' cost-conscious mindset intact; meanwhile, demand for DX investment in the financial industry remains solid and continues to grow.
Growth Strategy
Aiming for sustainable growth accompanied by profitability through three pillars: expansion of new services, deepening of existing customer relationships, and strengthening of human resources
Progress has been made in establishing the service delivery framework for new service areas, which gained momentum from the previous fiscal year. In the first quarter of FY2026 (ending December 2026), new orders expanded, contributing steadily to earnings. This has also contributed to improvement in the gross profit margin (from 24.2% in the same period of the previous year to 28.3% in the current period), confirming that both revenue diversification and margin improvement are being achieved simultaneously.
In Fintech-related businesses, the company is accurately identifying customer needs and simultaneously pursuing upselling to existing customers and acquisition of new customers. In the first quarter of FY2026 (ending December 2026), orders remained solid, contributing to a 5.0% year-on-year increase in net sales.
In the first quarter of FY2026 (ending December 2026), SG&A expenses were reduced by approximately 16.6% year on year (from ¥160 million to ¥133 million), achieving an operating profit surplus. Improvements in the cost structure directly contribute to margin improvement, and progress toward achieving a full-year operating profit margin of 2.5% (¥60 million/¥2,400 million) is favorable.
Last updated: July 17, 2026