MIROKU JYOHO SERVICE CO.,LTD.
9928・Prime Market・Information & Communication
Business
MIROKU Information Services Co., Ltd. is a specialist company founded in 1977 that develops, sells, and provides maintenance services for business application software—including financial accounting, payroll, personnel, and sales management systems—targeting accounting firms (tax accountant and certified public accountant offices) and their client companies, as well as small and medium-sized enterprises. The company delivers one-stop services through a direct sales network of 33 locations nationwide, offering a broad range of services from hardware sales and software implementation support to cloud services, DX consulting, and M&A support. It has 8 consolidated subsidiaries and 2 equity-method affiliates, and in October 2025 it made Singapore-based cloud ERP company Synergix Technologies Pte Ltd. a subsidiary, thereby expanding into the ASEAN market. Consolidated net sales for FY2026 (ending March 2026) were ¥48,926 million.
Business Model
Revenue is structured around two pillars: system installation contract sales (hardware, software, and userware) and service income (TVS, software usage fees, software operation support services, etc.). In FY2026 (ending March 2026), service income reached ¥21,164 million (43.3% of net sales), of which subscription-type software usage fee income expanded rapidly to ¥10,100 million (up 33.8% year on year). The business model aims to maximize customer LTV by selling and supporting in-house developed products through a direct sales network of 33 locations nationwide, thereby maintaining a high customer retention rate.
Company Strengths
The company owns 33 sales and support locations in major cities nationwide, building a system that primarily sells and supports its own in-house developed products directly. Through community-based sales activities and 24/7 telephone inquiry support, it maintains long-term customer relationships with accounting firms and small-to-medium enterprises, creating a sales infrastructure that is difficult for competitors to replicate in a short period.
Since its founding in 1977, the company has consistently provided products and services specialized for accounting firms and their client companies, developing in-house its core ERP product lines such as the ACELINK NX-Pro series and Galileopt DX series. TVS (comprehensive maintenance service) revenue for accounting firms has remained stable at ¥2,653 million, with a high retention rate backed by long-standing customer relationships supporting the revenue base.
As a result of accelerating the shift to subscription-based delivery of various ERP products, software usage fee revenue surged to ¥10,100 million in FY2026 (ending March 2026), up 33.8% year on year, raising the proportion of service revenue in total sales to 43.3%. The expansion of recurring revenue has increased the stability and predictability of earnings, while continuous functional enhancement of in-house developed products has raised customer switching costs.
ENVALITH's Perspective
Performance Trend
Revenue increased for five consecutive fiscal years, from ¥36,597 million in FY2022 (ended March 2022) to ¥48,926 million in FY2026 (ending March 2026), up 6.0% year on year in FY2026. Operating income had remained largely flat since FY2023, but improved in FY2026 to ¥6,677 million, up 6.2% year on year. Profit attributable to owners of parent rose sharply to ¥5,406 million, up 23.4% year on year, and ROE increased to 17.3% (from 15.6% in the prior period). The main drivers of the profit increase were the recognition of a gain on sale of investment securities of ¥463 million and a decrease in income taxes and other levies. In terms of the external environment, rising corporate demand for DX and AI investment, along with continued subsidies for digitalization and AI adoption, underpinned demand for IT investment. It should be noted that rising personnel expenses (salaries and allowances up 5.6% year on year) continue to constrain margin improvement.
Growth Strategy
Aiming to achieve Vision2028 targets through the transition to a cloud/subscription-based business model, along with DX consulting and global expansion.
Accelerating the migration of on-premise products to a subscription-based model, driving expansion of software usage fee revenue. Launched a new SaaS-based cloud ERP product for small and medium-sized enterprises, "LucaTech GX Lite," in November 2025, initiating a full-scale SaaS business. Software usage fee revenue for FY2026 (ending March 2026) is rapidly expanding, up 33.8% year on year to ¥10,100 million.
Launched "MJS DX Consulting," which supports the DX efforts of small and medium-sized enterprises through hands-on support centered on qualified IT coordinators, on a pilot basis from April 2025, with full-scale provision to begin from FY2026. Aims to build an advanced DX consulting system utilizing AI and promote its commercialization.
Subsidiary Tribeck Co., Ltd. is equipping its "Hirameki 7" platform with "AI Site," an AI-powered automatic web page generation feature (launch scheduled for March 2026), and is working to strengthen sales of various digital marketing services and develop new services. Aims to establish an early growth trajectory.
Made Synergix Technologies Pte Ltd., a Singapore-based cloud ERP company, a consolidated subsidiary (investment of ¥2,330 million), incorporating it into consolidated results from the fourth quarter. Aims to strengthen global management capabilities through business expansion in Singapore and entry into the ASEAN market. Recorded goodwill of ¥2,726 million.
Promoting upselling and cross-selling to existing customers through improvements in customer experience and the establishment of a customer success system. Aims to maximize customer LTV (lifetime value). Continuing to strengthen community-based support leveraging a direct sales network of 33 locations nationwide.
Last updated: July 19, 2026