JBCC Holdings Inc.
9889・Prime Market・Information & Communication
Business
JBCC Holdings, founded in 1964, is a pure holding company that, through its 8 consolidated subsidiaries, operates as a comprehensive IT services group primarily serving domestic mid-sized and large enterprises (with annual sales of ¥50 billion to ¥200 billion). It provides end-to-end services ranging from consulting to planning, construction, implementation, operation, and maintenance, and has served over 20,000 clients since its founding. The business consists of two segments: Information Solutions (revenue of ¥73,879 million) and Product Development & Manufacturing (revenue of ¥2,140 million). The company is advancing its medium-term management plan "CHALLENGE 2026," with cloud, security, and rapid application development designated as priority business areas.
Business Model
Leveraging one-stop proposals covering the customer's entire IT environment as a core strength, the company develops cloud operations (EcoOne), managed security, and ultra-rapid development (JB Agile) as core services. In addition to flow-based business (SI orders), it is promoting expansion of stock-type revenue through operations, maintenance, and managed services. Comprehensive proposals combining multi-cloud and security have enabled larger-scale projects, improving the gross profit margin from 30.0% to 31.8%.
Company Strengths
In FY2026 (ending March 2026), cloud revenue grew 38.2% year on year and security revenue grew 32.2% year on year, both substantially exceeding average market growth. EcoOne, which offers integrated multi-cloud and security proposals, along with managed services such as EDR/XDR and SASE/CASB, have been well received by customers, leading to multiple large-scale order wins.
Revenue from ultra-rapid development grew 19.3% year on year, and the gross profit margin on SI (systems integration) revenue improved substantially from 30.9% to 37.4%. Large-scale core system rebuilding projects are progressing steadily, and orders for migrations from mainframes and similar legacy systems continue to be won. The proprietary development methodology, backed by more than 10 years of track record, makes short-term imitation by competitors difficult.
Since its founding in 1964, the company has built a customer base of more than 20,000 client companies and operates nationwide, centered on Tokyo, Osaka, and Nagoya. Built on long-term relationships with customers across a wide range of industries, the company has a structure that continuously generates additional proposal opportunities, such as cloud migration, security enhancement, and AI adoption.
ENVALITH's Perspective
Performance Trend
In FY2026 (ending March 2026), the company achieved net sales of ¥76,019 million (up 8.8% year on year), operating profit of ¥7,308 million (up 18.7% year on year), and net income of ¥5,353 million (up 16.3% year on year), marking four consecutive periods of increased revenue and profit and five consecutive periods of record profit. Net sales over the past five periods have continued to grow steadily, from ¥55,934 million to ¥58,144 million to ¥65,194 million to ¥69,868 million to ¥76,019 million. Operating profit has expanded at an accelerating pace, from ¥3,083 million to ¥3,764 million to ¥4,422 million to ¥6,155 million to ¥7,308 million, while the gross profit margin improved from 30.0% to 31.8%. External factors—including accelerated cloud migration driven by VMware product licensing changes and semiconductor supply-demand tightness, as well as expanding security demand amid intensifying cyberattacks—supported earnings. For FY2027 (ending March 2027), the company forecasts net sales of ¥79,500 million and operating profit of ¥8,745 million (operating margin of 11.0%).
Growth Strategy
Strengthening medium- to long-term earning power through deepening of cloud, security, and ultra-rapid development capabilities, together with investment in generative AI
Capturing growing demand for multi-cloud operation services centered on EcoOne and managed security services, while continuing to secure large-scale orders. In FY2026 (ending March 2026), cloud grew 38.2% year on year and security grew 32.2% year on year; strong growth is expected to continue in FY2027 (ending March 2027).
Strategic investment is being made to further advance JB Agile, which incorporates AI-driven development methods, and to develop the talent that will drive it. As the industry as a whole shifts toward agile-style development, the company is leveraging over 10 years of track record as a competitive advantage. The SI segment plans temporary declines in revenue and profit due to this strategic investment.
Building on the foundation of cloud and security, the company aims to establish an "AI Orchestration Platform" combining AI agents, data transformation, and analytics functions, targeting a recurring revenue model in which revenue continues to expand in line with the number of AI agents and the scope of their application. Formation and expansion of the Customer Innovation Team is also being promoted in parallel.
Against a backdrop of growing needs for governance strengthening in the kintone domain, growth in the software field, centered on "ATTAZoo Governance" (launched in April 2026) and "Qanat Universe," is expected to drive increased revenue and profit in the Product Development and Manufacturing business. The company aims to improve profitability by increasing the software ratio and reducing dependence on hardware such as printers.
The company flexibly implements capital policies such as share buybacks while maintaining a payout ratio of 45% or higher. In FY2026 (ending March 2026), it conducted share buybacks of ¥3,000 million and paid dividends of ¥2,665 million (annual dividend of ¥42, marking the fifth consecutive year of dividend increases). For FY2027 (ending March 2027), an annual dividend of ¥50 (payout ratio forecast at 50.2%) is planned.
Last updated: July 19, 2026