This article introduces recently IPO-listed companies in Japan while highlighting key challenges, business opportunities, industry trends, and unique business models in the Japanese market.
Information Strategy and Technology Co., Ltd., based in Tokyo, Japan, is a technology company dedicated to supporting large enterprises with in-house digital transformation initiatives. Since its founding in 2009, the company has aimed to eliminate the inefficiencies of Japan’s traditional multi-layered subcontracting model in system development by offering what it calls “Zero-Order DX”—a direct, collaborative approach to system creation that prioritizes speed, transparency, and sustainable engineering talent development.
With a workforce of 321 employees, including 253 engineers as of December 2024, the company emphasizes hiring and nurturing engineers through rigorous selection, tailored training programs, and ongoing support. It operates from its headquarters in the Ebisu Garden Place Tower in Tokyo and a regional branch in Kitakyushu, Fukuoka. In 2024, it also launched a new subsidiary, WhiteBox Inc., to further scale its open platform for engineer sourcing and collaboration, serving both system integrators and enterprise clients.
The company’s proprietary platform WhiteBox connects partner companies and freelance engineers directly with prime contractors, effectively dismantling the multi-tier subcontracting structure common in Japan’s IT industry. This platform enables efficient talent matching, streamlines communication, and supports the company’s own Zero-Order development projects.
Information Strategy and Technology Co., Ltd. primarily serves enterprise clients with annual revenues exceeding ¥100 billion, accounting for over 80% of its revenue base. These clients span across industries such as finance, telecommunications, IT services, manufacturing, and human resources.
For the fiscal year ending December 2024, the company reported revenue of ¥5.847 billion, a 10.4% year-over-year increase, and an operating profit of ¥413 million. Despite increasing cost of sales due to reliance on external engineers, profitability remained strong. In FY2025, the company projects revenue of ¥6.427 billion and expects to further scale its capabilities through strategic hiring, platform expansion, and the integration of newly acquired group companies, including A.K. Plus Co., Ltd.
Looking ahead, the company aims to lead structural reform in Japan’s IT development landscape through strategic M&A, investment in digital innovation, and by advancing the Zero-Order DX model. Its mission is to foster a society where systems and the people who build them contribute meaningfully to a more prosperous and efficient future for everyone.
| Company Name | Information Strategy and Technology Co., Ltd. |
| Headquarters | 3-9-19 Higashi, Shibuya-ku, Tokyo |
| Website | https://www.is-tech.co.jp/ |
| Year of Establishment | 2009/1/23 |
| Listing Date | 2024/3/28 |
| Industry | Information and communication industry |
| Business Overview | Support services for in-house digital transformation initiatives at large enterprises |
| Representative (CEO) | Jun Takai |
| Number of Employees | 283 (as of 2024/1/31) |
| Stock Exchange | Tokyo Stock Exchange Growth |
| Auditor | ES Next |
| Lead Underwriter | Mizuho Securities |
| Market capitalization (at opening price) | 10,179 million yen |
| PER (at opening price) | 30.41 |
| Major shareholders (Top 3) | •Jun Takai (47.42%) •IST Holdings Corporation (37.08%) •Kotaeru Trust Corporation (6.99%) |
This document has been prepared based on information available at the time of the research. While we strive for accuracy, we do not guarantee the completeness or correctness of the information provided. This document is for informational purposes only and does not constitute investment advice or a recommendation. Readers are encouraged to conduct their own verification and due diligence before making any decisions.
Source: Tokyo IPO, Official Website, Yahoo! Finance
