Mitsubishi Research Institute, Inc. (3636) Stock Price

Mitsubishi Research Institute is a comprehensive business company that provides integrated services combining research and analysis of policy and social issues, consulting to support corporate management challenges, and IT services including software development and system operations. The company's core strengths are insights gained through research and consulting, along with business transformation services leveraging IT.

Its primary customers include public institutions such as central government ministries and local governments, as well as a broad range of private enterprises in finance, manufacturing, distribution, services, and education. The company secures stable revenue from project-based contract income as well as ongoing contracts for system construction and operations, and outsourcing services.

The business is divided into two main segments: "Think Tank & Consulting" and "IT Services." The former provides support for policy formulation, management strategy, and recommendations on human resources systems and sustainability management, while the latter offers operational services including business system development and maintenance, information processing, and outsourcing of payroll and human resources functions.

The company is pursuing sustainable growth under its "Medium-Term Management Plan 2026" by simultaneously expanding financial, non-financial, and social value. The plan's final-year targets were initially set at revenue of 135 billion yen, operating profit of 14 billion yen, and ROE of 12%. However, a recent revision adjusted these to revenue of 122 billion yen, operating profit of 9 billion yen, and ROE of 8%. The company aims to achieve these targets through expanding its digitalization business, improving profitability in core operations, and nurturing next-generation businesses. It plans to conduct a strategic review by the end of 2026 and reflect findings in its next medium-term plan starting in 2027.

The company has identified power and energy, healthcare and nursing care, and data analytics and AI as priority investment areas where it seeks competitive differentiation. As specific measures, it will strengthen its "value chain" from research and proposals through demonstration and social implementation, combining advanced expertise for government clients with IT services to create distinctive competitive advantages. The company will concentrate resources on strengthening its human foundation and cross-group collaboration, advancing proactive investment in talent acquisition, development, and R&D. It also aims to establish itself as a DX partner to major megabanks in the financial sector.

For new market development, the company will increase its focus on private-sector business and expand service-delivery models that reduce dependence on human resources. Beyond enhancing existing flagship services such as PROSRV and miraicompass, it plans new service development through investments and business partnerships, as well as geographic expansion. This shift from project-based contracting to system operations, outsourcing, and recurring service revenue will stabilize and grow the revenue base.

Regarding technological innovation, the company will actively leverage generative AI and cloud technology both internally and externally. It will progressively expand generative AI applications from project planning and execution through project management to back-office operations to improve productivity, while simultaneously advancing risk mitigation through enhanced information security, advanced project management systems, and early warning management via KRI. The company is also strengthening research, proposals, and patent filings, and incorporating non-financial indicators such as renewable energy ratios into management metrics to accelerate implementation across both technological and social value dimensions.