I X Knowledge Incorporated
9753・Standard Market・Information & Communication
Business
IX Knowledge Corporation is an independent system integrator founded in 1979, providing consistent IT services from a neutral position that does not depend on manufacturer or vendor products. Its main services are built on two pillars: Consulting and System Integration Services (approximately 77% of net sales) and System Management Services (approximately 23% of net sales). The company's customers span diverse industries, including financial institutions, telecommunications companies, medical institutions, and security companies, and it operates in four business fields: industry, social and public infrastructure, information and communications, and finance and securities. In addition to its head office in Tokyo, the company has offices in Kansai, Niigata, Mito, and other locations, and operates a single information services segment through a three-company structure including consolidated subsidiaries.
Business Model
By providing an integrated service from consulting and system development through to maintenance and operations, the company builds long-term relationships with clients and secures continuous order intake. The majority of revenue is service-provision-type revenue generated in exchange for engineers' technical capabilities, with outsourcing costs and labor costs as the main cost items. Profit margins are improved through appropriate cost control and restraint of SG&A expenses. Partnership relationships with major SIers such as NTT DATA (17.6% of revenue) also underpin the revenue base.
Company Strengths
A key differentiating factor is the company's independence from reliance on specific manufacturers' or vendors' products, enabling it to propose optimal IT solutions regardless of client industry or business type. The business knowledge and technical capabilities cultivated over many years across four fields—industry, public sector, information and telecommunications, and finance and securities—underpin customer trust. This is corroborated by sales to NTT DATA, which expanded 18.8% year-on-year to ¥4,290 million.
Sales grew for five consecutive periods, from ¥18,542 million in FY2022 (ending March 2022) to ¥24,351 million in FY2026 (ending March 2026). Operating profit also expanded from ¥1,150 million to ¥2,207 million over the same period, with the FY2026 operating profit margin reaching 9.1%, exceeding the plan by more than 0.8 percentage points. The equity ratio stood at a solid 70.9% (66.8% in the previous period), with cash and cash equivalents of ¥7,426 million, reflecting a robust financial base and an extremely low interest-bearing debt ratio.
The company independently offers a "system verification service" that verifies, from a third-party perspective, the feasibility of business requirements, the appropriateness of system quality, and operational suitability such as usability. Its capability to handle everything from development through quality assurance in an integrated manner addresses clients' needs to reduce risk, contributing to differentiation from competitors. This service is combined with a 24/7, 365-day system management service to support clients' overall operations.
ENVALITH's Perspective
Performance Trend
For FY2026 (ending March 2026), the company achieved gains across all metrics: net sales of ¥24,351 million (up 6.7% year on year), operating income of ¥2,207 million (up 18.2%), ordinary income of ¥2,318 million (up 18.9%), and profit attributable to owners of parent of ¥1,714 million (up 29.3%). The operating margin on net sales improved to 9.1% (from 8.2% in the previous fiscal year), and ROE rose to 15.8% (from 14.1%), reflecting an across-the-board improvement in profitability indicators. As an external tailwind, steady IT demand associated with corporate DX promotion and cloud adoption supported expansion in both system development projects for financial institutions and telecommunications companies, and infrastructure construction projects for medical institutions and security companies. Operating cash flow improved substantially to ¥1,558 million (from ¥838 million in the previous fiscal year), and the fiscal year-end cash balance rose to ¥7,426 million.
Growth Strategy
Advancing three pillars: expansion of core SI business, creation of next-generation growth businesses through DX, and strengthening the business foundation through M&A
Expanding order intake centered on system development projects for financial institutions and telecommunications companies, as well as infrastructure construction projects for medical institutions and security companies. The company is addressing diverse customer needs through in-house specialist teams cultivating cloud-native talent, strengthening its sales structure, and enhancing partner collaboration, achieving sales of ¥24,351 million in FY2026 (ended March 2026).
Pursuing business innovation utilizing advanced digital technologies such as AI and cloud through co-creation with customers and partner companies. Promoting ESG management centered on the Sustainability Promotion Committee, and strengthening human capital through investment in human resources (developing professional talent, promoting diversity, and improving engagement).
Continuing to pursue business alliances and M&A with the aim of strengthening the business foundation over the medium to long term. In April 2026, the company resolved to make Style Corporation, which has strengths in the social infrastructure field (railways, transportation, electric power, water and sewage, etc.), a wholly owned subsidiary (acquisition price ¥133,000 thousand; total including various expenses ¥172,200 thousand). The company aims to build a complementary relationship with Style Corporation's development base and business partner network in the Ibaraki area, strengthening its response capability and proposal capability in the social and public sectors.
Last updated: July 19, 2026