(5257) Stock Price

Nova System is a software development company that provides two main services: system integration and cloud services. In the fiscal year ending December 2024, system integration accounts for 98.6% of total business.

In system integration, Nova System develops business information processing systems for the financial industry, including life insurance companies, property and casualty insurance companies, and banks. The company particularly focuses on developing individual insurance product systems for life and property insurance, as well as corporate pension systems. This sector is Nova System's core business area, representing 50.6% of revenue.

Beyond the insurance industry, Nova System also develops systems for the logistics industry, energy sector, trading companies, local governments, and public institutions. This approach allows the company to accumulate business expertise and expand its system development capabilities.

In cloud services, Nova System provides three SaaS solutions: "Order Revolution" for restaurant operations support, "Aiuelco" for reception support, and "Aiuelco Toll" for AI facial recognition access control. These are delivered as SaaS, allowing users to access software via the internet.

"Order Revolution" works in conjunction with restaurant POS systems to support operations from customer arrival to payment. It uses iPad as the primary hardware and includes self-ordering and reservation functions. Menu registration and sales data management are handled in the cloud.

"Aiuelco" is a reception support system that uses facial recognition and voice recognition technology. It detects faces via webcam, conducts voice-based question-and-answer interactions, and transfers reception information through chat tools. This reduces labor and enables contactless reception operations.

"Aiuelco Toll" is an access control system using AI facial recognition technology. It utilizes existing IC card readers to establish a facial recognition-based security environment. This enables management of entry and exit records and eliminates the need for IC cards.

Novasystem has established three main pillars as its growth strategy. First, it aims to expand transactions in existing development areas. Leveraging its track record in system development, the company pursues continuous project acquisition. In particular, it is promoting new project wins by utilizing industry expertise in sectors such as insurance and logistics.

Second, the company is expanding into new development areas based on digital transformation technology and solution-oriented activities. Novasystem supports customers in improving operational efficiency through digital technology and creates new system development opportunities. Specifically, it is focusing on data science initiatives for insurance companies and AI-driven business application development for banks.

Third, the company is advancing cloud services. Novasystem offers "Order Revolution" for restaurants, "aiWelcome" reception support system, and "aiWelcome Tall" AI facial recognition access control system. These services are provided on a subscription basis to drive sustained revenue growth.

Through these growth strategies, Novasystem is advancing the development of system engineers, strengthening project management, and establishing work environments that accommodate diverse working styles. This positions the company to achieve sustainable growth and improved profitability.