NEOJAPAN Inc.JP:3921Stock Price

Market cap
¥23B
P/E ratio
12.2x
Neo Japan provides groupware software like desknet's NEO, system development services, and operates internationally across Asia through multiple subsidiaries.

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Business Overview

Neo Japan operates three main business segments: Software, System Development Services, and International Operations. These businesses are conducted by Neo Japan and its five consolidated subsidiaries.

In the Software segment, Neo Japan primarily provides groupware products centered on "desknet's NEO." This segment includes cloud service operations, license sales, customization, maintenance, consulting, and DaaS cloud services for enterprises.

The System Development Services segment is handled by Pro-SPIRE Inc. This segment develops and maintains core business systems and information systems for enterprises, as well as embedded systems. Leveraging expertise in cloud integration and system integration, the company also provides engineer training and system engineering services utilizing advanced technologies.

International Operations are conducted through four overseas subsidiaries: DELCUI Inc., NEOREKA ASIA Sdh. Bhd., NEO THAI ASIA Co., Ltd., and NEOPhilippine Tech Inc. This segment handles sales of Neo Japan's products and services, local market research, and partner company identification.

Management Policy

Neo Japan's management philosophy is to contribute to building a prosperous society through IT communication. To realize this vision, the company aims to understand next-generation needs with flexible thinking and provide innovative products and services. The company also maintains a pioneer spirit as a guiding principle for all employees.

By 2030, Neo Japan aims to establish itself as the top brand in the domestic groupware market and achieve the number one market share. The company is particularly focused on expanding cloud services and building a stable revenue model. It is also actively pursuing expansion into overseas markets and launching new revenue-generating businesses.

Neo Japan prioritizes expanding sales of its no-code business application creation tool "AppSuite" and business chat tool "ChatLuck." These products are promoted through bundled plans to increase the user base. The company also aims to acquire new customers and expand transactions with existing customers through strengthened sales capabilities.

Building a stable operational framework for cloud services is also a critical priority. Cloud services represent the majority of the company's revenue and are expected to continue growing. To maintain stable service delivery, the company is working to optimize its operational infrastructure and expand its service platform.

Additionally, Neo Japan creates new customers through the development of new products and services while strengthening existing offerings. The company is particularly focused on product development that addresses advances in AI and IoT technologies to meet customer needs.

Responding to cloud adoption by government agencies and local municipalities is also an important strategic component. Neo Japan is pursuing security evaluation certification to enhance its competitive position in providing cloud services to government agencies, thereby expanding its market share in the public sector.

Securing and developing talent is part of the company's growth strategy. Through recruiting and developing excellent engineers, the company strengthens its technical capabilities. By intensifying recruitment activities domestically and internationally and promoting talent exchange within the group, the company creates synergies.

Finally, Neo Japan is advancing sustainability management and aims to contribute to the development of a sustainable society. Through sustainability activities including ESG, the company enhances corporate value and achieves sustainable growth.