AIREX INC. (E01972) Stock Price

IREX is a comprehensive IT services company centered on system development. The company operates across six business divisions: application development for large enterprises, system development for government agencies and social infrastructure, embedded systems development, telecommunications systems development, IT infrastructure design/construction/operation, and evaluation/testing services. A key strength is providing end-to-end services—from software development through evaluation and testing to operation and maintenance—through a single point of contact.

The company serves a diverse customer base spanning large corporations to government agencies across multiple sectors. For major companies in logistics, manufacturing, and distribution, IREX provides order management and production control systems. For local governments, it delivers resident registry management and disaster prevention systems. Evaluation and testing services for electronics manufacturers and telecommunications carriers represent an important revenue stream, including quality verification for mobile phones and digital cameras.

While the business is organized under a single "Systems Business" segment, its product and service offerings are highly diverse. In embedded systems, the company develops medical devices, autonomous driving systems, and car navigation. In telecommunications, it handles next-generation mobile communications and IoT-related systems. In IT infrastructure, IREX supports server construction for manufacturers, network deployment for retailers, and operation management for e-commerce platforms, providing comprehensive digital transformation support to enterprises.

Airex has set a medium-term growth target of 4.5 billion yen in revenue and 400 million yen in operating profit for the fiscal year ending March 2023. Under its core principle of "refining people and technology to deliver the best service," the company continues to pursue new value creation and a more prosperous society as an IT software enterprise. However, due to the impact of COVID-19, the business environment has become uncertain. The company is currently reviewing its medium-term management plan and will promptly disclose information once forecasts become clearer.

The company's priority investment areas are concentrated in automotive development within the embedded systems domain and cloud-related development within the telecommunications domain. In particular, to acquire cutting-edge technologies demanded by the IoT era, the company is strengthening educational investment in technical talent and actively promoting the transition from existing technologies. As a differentiation strategy, the company positions itself as a "proposal-driven enterprise capable of providing one-stop solutions from system design and development through evaluation, verification, and operation and maintenance," thereby building a comprehensive service delivery framework for customers.

In developing new markets, the company identifies market trends in industries expected to expand and pursues systematic and continuous proposal-based sales activities. Through selective focus on customers, the company aims to transition toward higher-value and larger-budget projects. To address social changes resulting from COVID-19, the company is also considering allocating management resources to emerging business sectors and industries. Additionally, by strengthening the company-wide network structure, the company is reducing regional project burdens and enhancing mutual support systems.

Regarding technological innovation, the company aims to become a highly profitable enterprise with advanced technical capabilities by accurately capturing the rapid convergence of IT technology with various industries. The company is promoting thorough operational efficiency through work style reforms and IT tools, achieving certain results through staggered work hours, remote work, and web conferencing. The company is working to secure competitive advantages in talent recruitment and sales contracts through enhanced technical credibility and increased brand recognition via investor relations and public relations activities.