ASAHI INTELLIGENCE SERVICE CO.,LTD.
9799・Standard Market・Information & Communication
Business
Asahi Information Service Co., Ltd. was founded in 1962 and is a dedicated information services company listed on the Standard Market of the Tokyo Stock Exchange. Under its vision of "supporting the development of the ICT society through valuable 'services' and 'people'", the company operates in three segments: network services, systems development, and systems operation. Its major clients are leading companies in the automotive-related sector (Toyota Systems, its largest client, accounting for 23.7% of net sales) and the finance and insurance sectors. Centered on its Tokyo head office, the company has locations in Osaka, Nagoya, Yokohama, Toyota, and other cities, providing IT services on a nationwide scale. Net sales for FY2026 (ending March 2026) were ¥16,548 million.
Business Model
Network services segment accounts for approximately 84% of net sales, with on-site resident services such as open-system server and network construction, operation management, and security forming the core of revenue. The company continues to invest in engineer recruitment, training, and wage improvement, aiming to raise unit prices through enhanced client proposal activities and improved contract terms. The cost of sales ratio was 77.4% (an improvement of 0.8 percentage points year on year), with personnel expenses and outsourcing costs as the main cost components.
Company Strengths
From FY2022 (ending March 2022) to FY2026 (ending March 2026), revenue expanded for five consecutive periods, from ¥12,971 million to ¥16,548 million. Operating profit also increased consistently, from ¥1,248 million to ¥1,645 million, while net income for the period grew from ¥863 million to ¥1,276 million over the same period. The company has a track record of maintaining growth in both revenue and profit even amid economic fluctuations.
The equity ratio as of the end of FY2026 (ending March 2026) stood at 79.9%, maintaining a level of approximately 79-80% for five consecutive periods. Interest-bearing debt consisted only of ¥210 million in short-term borrowings, with a cash flow to interest-bearing debt ratio of 0.2 years and an interest coverage ratio of 525.2x. The company held cash and cash equivalents of ¥5,342 million, indicating extremely high financial soundness.
Revenue from Toyota Systems, the largest customer, was ¥3,928 million (23.7% of total revenue), up 5.9% year on year. Expanding orders in the automotive-related, finance, and insurance fields drove a 5.8% year-on-year increase in the Network Services segment. The customer relationships built on years of business dealings and enhanced sales proposal activities have also contributed to improved contract pricing.
ENVALITH's Perspective
Performance Trend
Revenue increased 27.6% over five fiscal periods, from ¥12,971 million in FY2022 (ended March 2022) to ¥16,548 million in FY2026 (ending March 2026). Operating profit rose 31.9% over the same period, from ¥1,248 million to ¥1,646 million, while the operating margin remained roughly flat at 9.9% (versus 10.0% in the prior period). In FY2026 (ending March 2026), cost increases from stronger recruiting, wage improvements, education investment, and office environment upgrades were absorbed by expanded orders and improved contract pricing in the Network Services segment. Externally, growing corporate DX investment demand and rising demand for AI, cloud, and security have supported revenue growth. Revenue growth slowed somewhat, from 7.0% in the prior period to 4.6% in the current period, but profit growth remained solid, with net income up 7.3%.
Growth Strategy
The company aims to capture DX demand and expand its business scale by securing and developing engineers and providing high-value-added services
The company is strengthening sales proposal activities to clients, mainly in the automotive, finance, and insurance fields, to drive project acquisition and unit price improvement. In FY2026 (ending March 2026), Network Services sales reached ¥13,985 million (up 5.8% year on year), accounting for approximately 84% of consolidated sales and driving growth as the company's core segment.
The company is strengthening IT service support for generative AI implementation, cloud services, security measures, RPA, and other DX promotion initiatives. By capturing the trend of increasing corporate IT investment and responding to demand for renewal of legacy systems, it aims to concentrate resources in highly profitable fields.
The company aims to secure and retain engineers through strengthened recruitment, investment in training, wage improvements, and office environment enhancement. By continuing the shift from general-purpose technology to network-related technology, it strengthens the foundation for providing high-quality, high-value-added services, thereby maintaining medium- to long-term competitiveness.
The company is working to create new businesses that respond to the evolution of IT technology, going beyond the scope of its existing information services business. Together with concentrating resources in highly profitable fields, it has set a policy aimed at further expanding its business scale.
Last updated: July 19, 2026