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Overview

Information & Communication

System Integrator Corp.

System Integrator Co., Ltd. develops and sells proprietary software products targeting IT professionals and enterprise clients across three core segments: Object Browser (database development tools and project management), ERP (web-based ERP package 'GRANDIT', SAP S/4HANA Cloud, and manufacturing solutions including production schedulers), and AI (AI-powered anomaly detection systems for factory inspection). The company's flagship products include the SI Object Browser series with over 520,000 user licenses, OBPM Neo project management tool adopted by 300+ companies, and GRANDIT ERP deployed at 1,500+ companies. Its competitive strengths lie in high-margin proprietary software, deep implementation consulting expertise, and a balanced portfolio spanning high-profitability tools, growth-driving ERP implementations, and emerging AI solutions.

Market Cap

US$32.9M

¥5.26B

US$10.2M

¥1.63B

StockUS$3.01(¥480)▼-0.21%

US$1 = ¥159.70 (2026-11-12)

LTM EV/EBITDA

2.1

LTM EV/EBIT

2.5

LTM PER

11.7

LTM PBR

1.2

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.1%pt

Nov 13, 25 – Nov 13, 26StockTOPIX

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Performance & Balance

Revenue 5Y (US$)

EBITDA 5Y (US$)

Net Income 5Y (US$)

Capital Structure

100%

EquityD/E 0.00xDebt

Liquidity vs Debt 5Y (US$)▲ Net Cash

CashInv. Sec.Debt

Business Segments

2026/02 · US$ (¥B)

ERP

Revenue

US$29.1M(¥4.65B)

Segment profit

US$6.18M(¥0.99B)21.2%

Object browser

Revenue

US$5.21M(¥0.83B)

Segment profit

US$2.05M(¥0.33B)39.4%

AI segment

Revenue

US$0.48M(¥0.08B)

Segment profit

-US$0.02M(¥-0.00B)-4.2%

Other

Revenue

—

Segment profit

-US$0.38M(¥-0.06B)

Adjustments

Revenue

—

Segment profit

-US$4.10M(¥-0.66B)

No segment changes in the last 5 years

Shareholders

Top 10 hold 56.2%

as of 2026-08-31 · Source: Annual Securities Report

Mitsuru USUI

19.79%

Hiroyuki UMEDA

11.46%

Kazue UMEDA

9.90%

Hikari Tsushin Inc. Investment Business Limited Partnership

4.35%

System Integrator Corp. Employee Stock Ownership Association

3.44%

Masahiko SHIMIZU

1.89%

Rakuten Securities, Inc. (Joint Account)

1.57%

Yasuhiro OJIKA

1.57%

Satoshi HIKIYASHIKI

1.43%

Tamayo AOI

0.83%

Management

8 officers

Hiroyuki UMEDA

Representative Director, Chairman

Apr 1980 Joined Tokyo Shibaura Electric Co., Ltd. (currently Toshiba Corporation) Aug 1989 Joined Sumisho Computer Service Corporation (currently SCSK Corporation) Mar 1995 Established the Company; Representative Director, President Jun 2009 Executive Officer, Head of Product Planning Division Mar 2020 General Manager, Object Browser Business Division Dec 2021 Outside Director, ITCS Co., Ltd. (currently COEL Co., Ltd.) (current) Mar 2022 Representative Director, Chairman (current); in charge of Product Planning Office Oct 2022 Chairman and Legal Representative, KEYSTONE SOLUTIONS Co., Ltd. (current) Nov 2022 Advisor, SMHC Co., Ltd. (current) May 2025 Representative Director, President, BizSaaS Co., Ltd. (current)

1957-11-24

Satoshi HIKIYASHIKI

Representative Director, President and CEO; General Manager, Incubation Business Division

Apr 1989 Joined Sumisho Computer Service Corporation (currently SCSK Corporation) Apr 2000 Joined Sumitronics Asia Holding Pte Ltd Feb 2002 Joined the Company; Director Mar 2010 Executive Officer, Head of Sales Division Mar 2013 Head of Sales Division Mar 2015 General Manager, ERP Business Division May 2016 Managing Director Feb 2019 General Manager, Object Browser Business Division Mar 2019 General Manager, ERP/AI Business Division Mar 2022 Representative Director, President and CEO (current) Mar 2023 General Manager, Incubation Business Division (current) Dec 2023 Director, DG Commerce Co., Ltd. (currently DG Business Technology Co., Ltd.) Feb 2025 Director, Systems Development Laboratory Co., Ltd. (current)

1965-11-15

Mitsuru USUI

Senior Managing Director, CPMO (Chief Project Management Officer); General Manager, PMO Division

Apr 1985 Joined Tomen Systems Corporation Jul 1989 Joined Sumisho Computer Service Corporation (currently SCSK Corporation) Mar 1995 Established the Company; Senior Managing Director Mar 2010 Executive Officer, Head of Development Division Mar 2013 Head of Development Division Feb 2015 Director Mar 2015 General Manager, EC Omnichannel Business Division May 2016 Senior Managing Director, CPMO (current) Mar 2019 General Manager, E-Commerce Business Division Mar 2021 In charge of Development Management Mar 2022 In charge of Business Process Reform Project Jun 2023 General Manager, Administration Division Mar 2024 General Manager, Management Support Division Apr 2025 Director, DG Business Technology Co., Ltd. (current) Mar 2026 General Manager, PMO Division (current)

1963-07-20

Tomoyuki KOIZUMI

Director, CDO (Chief Development Officer)

Apr 2001 Joined Kyocera Communication Systems Co., Ltd. Jul 2003 Joined the Company Mar 2022 Executive Officer, General Manager, ERP Business Division Mar 2024 General Manager, Enterprise Development Division; General Manager, SAP Solutions Department (current) Feb 2025 Director, Systems Development Laboratory Co., Ltd. (current) Mar 2025 General Manager, Object Browser Department (current) May 2025 Director, CDO (current)

1977-07-14

Ryoko HIRABAYASHI

Director

Apr 1998 Joined Ota Showa & Co. (currently EY ShinNihon LLC) Apr 2000 Registered as Certified Public Accountant; established Hirabayashi CPA Office, Representative (current) Jan 2006 Established R Co., Ltd., Director (current) Jun 2016 Outside Statutory Auditor, Leon Automatic Co., Ltd. Aug 2018 Director, Lumiere Co., Ltd. (current) May 2019 Outside Director, AEON PET Co., Ltd. (current) May 2022 Outside Director, the Company (current)

1975-04-02

Kunihiko YOSHIDA

Full-time Statutory Auditor

Apr 1986 Joined Oki Electric Industry Co., Ltd. Apr 1999 Seconded to Oki Thailand; General Manager, Accounting Department Apr 2006 Head Office, Corporate Planning Division; Head of IR Office Apr 2013 Seconded to Oki Brasil; CFO Apr 2018 Head Office, Accounting Division; General Manager, Sales Accounting Department Apr 2020 Joined Toyo Roshi Kaisha, Ltd. May 2022 Joined the Company Mar 2023 General Manager, Accounting Division May 2025 Full-time Statutory Auditor (current)

1963-08-31

Shigeru KOIZUMI

Statutory Auditor

Apr 1974 Joined Mitsubishi Corporation May 1980 Head Office, Finance Department Dec 1985 Stationed in Hong Kong, Mitsubishi Corporation (Hong Kong) Ltd. Oct 1991 Head Office, International Finance Department Jan 1997 Stationed in India, Mitsubishi Corporation (India) Pvt. Ltd.; Assistant to President Feb 2000 Head Office, Information & Industrial Systems Management Department Mar 2002 Managing Director, M.C. Medical Co., Ltd.; General Manager, Administration Division Aug 2005 Managing Director, Japan Hospital Service Co., Ltd.; General Manager, Administration Division Apr 2010 Full-time Statutory Auditor, M.C. Healthcare Co., Ltd. Sep 2011 Retired from Mitsubishi Corporation Jul 2013 Full-time Statutory Auditor, Cube System Co., Ltd. Jul 2017 Shinryo Corporation, Office of the President; General Manager, Management Department; Assistant to the President Apr 2021 Member, Committee for Auditor Practical Manual, Kansa Konwakai (General Incorporated Association) May 2022 Statutory Auditor, the Company (current)

1951-09-01

Akihiko UGAMURA

Statutory Auditor

Oct 1998 Joined Chuo Audit Corporation Apr 2002 Registered as Certified Public Accountant Sep 2009 Registered as Attorney at Law; joined Torikai Sogo Law Office Jan 2016 Partner, Wadakuramon Law Office Aug 2017 Established Ugamura Law Office, Representative (current) May 2026 Statutory Auditor, the Company (current)

1974-09-04

Large Shareholding Reports

Koutsushin Co., Ltd.

2026-09-17

4.50%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-10-15

Q2 Earnings Flash

FY ending Feb 2027

System Integrator Corp.

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