Company Overview
Japanese IT solutions company providing software development, system integration, and agriculture-tech (i-Agriculture) services. Listed on TSE Standard Market under ticker 3816.
Source (kabutan): ソフト開発2次受け会社。基幹業務などに強み。顧客に大塚商会、SCSK。
- Revenue flat (-1.8%) but operating profit -78.4% — gross margin collapsed 34.4%→21.2% due to DCX2030 strategic investment costs hitting cost of sales
- Classic invest-before-harvest pattern; monitor gross margin recovery over next 2-3 quarters
- 2次受け (subcontractor) model with Otsukashokai/SCSK as clients limits pricing power
- Watch: whether DCX2030 investments (cloud, smart agriculture) generate recurring revenue or remain cost drag