Crosscat

Basic Information

Stock Code
2307
Industry
Information and Communications
Category Detail
Systems & Software
Prefecture
Tokyo
Establishment Year
June 1973
Listing Year
June 2002
Official Website
https://www.xcat.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Cubesys, NID, Fixstars, MK System, Japan System Technology, Base, Cresco, TDC Soft, Alpha Systems, Tokei Densan, CEC, NSW, NSD

Overview

Crosscat is a systems contract development company in the information and communications industry, founded in 1973 with headquarters in Tokyo. It is a mid-sized software company strong in system development for finance and credit-related fields.

Current Situation

Crosscat specializes in systems contract development for credit and financial institutions as its business foundation in 2024, achieving stable revenues. Headquartered in Tokyo, it has continued steady growth for over 20 years since its listing. Competitors include NSD, CEC, Cresco, and others, differentiating itself through quality in the field of contract development that requires specialized technology. In recent years, as indicated by news such as setting a treasury stock repurchase framework and upward revision of operating profit, it is working to strengthen its financial base. Meanwhile, it is venturing into talent introduction and dispatching, strengthening dispatching services for specialized engineers. This expands its position as a DX promotion company and pursues differentiation from other companies. Going forward, against the backdrop of expanding IT needs in the financial industry, increases in contract development projects and expansion of talent dispatching are expected to be key to revenue growth. It is also focusing on introducing the latest technologies and efficient project management to aim for sustainable growth.

Trivia

Interesting Facts

  • Established in 1973 with over 50 years of IT business experience
  • Steady growth through contract development specialized for finance
  • High customer satisfaction via specialized engineer dispatching
  • Tokyo-based operations centered on the capital region
  • Dual-pillar strategy of system development and talent dispatching
  • Improving financial health through treasury stock repurchases
  • Competitive edge in niche financial credit sector
  • Competes with many listed IT firms despite mid-size
  • Early adoption of cloud and AI utilization
  • Talent dispatching specialized in technical fields
  • Focuses on risk management systems for financial institutions
  • Excels in customized development emphasizing customers
  • Frequently featured in Nikkei for personnel news
  • Resilient revenue structure based on contract development amid economic fluctuations
  • Stock price surges on operating profit upward revisions

Hidden Connections

  • Related companies include multiple mid-sized firms in financial systems such as NID and Cubesys.
  • Competitors include major IT firms like NSD and CEC, with broad industry network.
  • Talent dispatching business collaborates with other agencies to strengthen specialized engineer supply.
  • Headquartered in Tokyo, steadily growing centered on capital region IT demand.
  • Major customers are financial institutions and credit card companies, with strong industry trust.
  • High transparency in management personnel via Nikkei news, attracting investor attention.
  • Diversifies revenue by leveraging internal assets in proprietary cloud services.
  • Maintains stable financial management as a veteran listed IT firm with over 20 years.

Future Outlook

Growth Drivers

  • Increasing IT system demand from accelerated DX in finance
  • Market expansion of specialized engineer dispatching services
  • Spread of cloud services and diversification needs
  • Value enhancement through AI and data analysis technology utilization
  • Increased IT investments due to stricter financial regulations
  • Expansion of automation and RPA adoption for business efficiency
  • Growing demand for IT introduction support for SMEs
  • Rapid growth in cyber security market
  • Advanced needs for customer relationship management systems
  • Increasing social importance of talent development and education services
  • Stable revenue securing in IT operations and maintenance
  • Competitiveness enhancement through new technology introduction

Strategic Goals

  • Achieve 15 billion yen in sales from finance-specialized software contract development
  • Exceed 7 billion yen annual sales from specialized engineer dispatching business
  • Expand market share in cloud services
  • Launch new businesses leveraging AI and automation technology
  • Establish sustainable management framework
  • Strengthen regional IT support through local base expansion
  • Continuously achieve over 90% customer satisfaction
  • Maintain cutting-edge information security levels
  • Raise new business sales ratio to over 20%
  • Realize work style revolution through telework establishment

Business Segments

Software Development for Financial Institutions

Overview
Contract development of high-reliability software supporting complex operations in the financial industry.
Competitiveness
High specialized knowledge and track record focused on the financial industry
Customers
  • Banks
  • Credit card companies
  • Leasing companies
  • Insurance companies
  • Installment sales companies
Products
  • Credit settlement system
  • Credit information management system
  • Asset management system
  • Risk management system

IT Engineer Dispatch Service

Overview
Supports customers' IT challenges through dispatch of engineers with advanced specialized knowledge.
Competitiveness
Dispatch capabilities for financial field specialists
Customers
  • IT companies
  • Financial system development companies
  • Manufacturing system departments
  • Consulting firms
  • Local governments
Products
  • System development engineer dispatch
  • Infrastructure construction engineer dispatch
  • Project manager dispatch

Business Efficiency Cloud Service

Overview
Achieves business efficiency across multiple industries with cloud-based business support software.
Competitiveness
Intuitive software operation and high reliability
Customers
  • SMEs
  • Retail
  • Services
  • Manufacturing
  • Educational institutions
Products
  • Cloud accounting system
  • Customer management system
  • Attendance management tool

Systems Consulting

Overview
IT consulting services for optimizing customer business processes.
Competitiveness
Proposal capabilities based on financial business knowledge
Customers
  • Financial institutions
  • Large corporations
  • Public institutions
  • Medical institutions
  • Distribution
Products
  • Business process analysis
  • System design support
  • Operation improvement proposals

Security Audit & Countermeasure Services

Overview
Visualizes information security risks and supports countermeasures.
Competitiveness
Advanced audit expertise tailored to financial IT
Customers
  • Financial institutions
  • Large enterprises
  • SMEs
  • Public institutions
  • Medical institutions
Products
  • Vulnerability assessment
  • Risk evaluation
  • Security training

IT Operation & Maintenance Services

Overview
System operations and maintenance to support stable operation.
Competitiveness
Rapid and high-quality response capabilities
Customers
  • Financial institutions
  • Manufacturing
  • Distribution
  • Services
  • Telecom companies
Products
  • System monitoring
  • Troubleshooting
  • Maintenance and operation support

Education & Training Services

Overview
Provides education programs for engineer development and skill improvement.
Competitiveness
Curriculum aligned with real-world practice
Customers
  • IT companies
  • Financial institutions
  • Local governments
  • Manufacturing
  • Medical
Products
  • Programming training
  • Security education
  • Project management seminars

AI & Data Analysis Services

Overview
Provides data-driven solutions leveraging AI technology.
Competitiveness
Advanced analysis expertise for finance
Customers
  • Financial institutions
  • Manufacturing
  • Retail
  • Services
  • Research institutions
Products
  • Customer behavior analysis
  • Risk prediction models
  • Business optimization support

Business System Integration Services

Overview
Services supporting integration and linkage of multiple business systems.
Competitiveness
High system design technology
Customers
  • Large manufacturing
  • Financial companies
  • Distribution chains
  • Public institutions
  • IT-related companies
Products
  • ERP integration
  • System migration
  • Data integration platform

Infrastructure Construction Services

Overview
Supports construction of flexible and highly reliable IT infrastructure.
Competitiveness
Specialized team proficient in cloud technology
Customers
  • Financial institutions
  • Large companies
  • Data centers
  • Cloud providers
  • Telecom carriers
Products
  • Cloud infrastructure construction
  • Network design
  • Virtualization environment construction

Cloud Operation Services

Overview
Supports stable operation and cost optimization of cloud environments.
Competitiveness
対応力 to diverse cloud environments
Customers
  • Finance
  • Manufacturing
  • Services
  • Local governments
  • Educational institutions
Products
  • Cloud monitoring
  • Performance optimization
  • Cost management support

Business Process Automation Services

Overview
Provides automation solutions for business efficiency.
Competitiveness
Automation technology specialized for financial operations
Customers
  • Financial institutions
  • Manufacturing
  • Distribution
  • Services
  • Public institutions
Products
  • Robotic Process Automation (RPA)
  • AI Chatbot
  • Workflow management

Competitive Advantage

Strengths

  • High technical capabilities specialized in finance
  • Long years of business knowledge and track record
  • Broad contract development experience
  • Comprehensive specialized engineer dispatching
  • Solid financial foundation
  • Customer-oriented services
  • Advanced security expertise
  • Efficient project management
  • Utilization of cloud technology
  • Business expansion into diverse fields
  • Stable revenue model
  • Development of skilled engineers
  • Rapid introduction of latest technologies
  • Flexible service responses
  • Organizational stability

Competitive Advantages

  • Established position in niche market strong in finance and credit-related
  • High-quality delivery through diverse software development experience and specialized talent
  • Synergy from fusion of proprietary cloud services and contract development
  • Industry-specific security measures and compliance adherence
  • Long-term customer relationships and ongoing transaction track record
  • Rapid project staffing possible through specialized talent dispatching
  • Efficient business support incorporating latest cloud and AI technologies
  • Advanced system design capabilities for complex financial operations
  • High customer satisfaction from comprehensive support structure
  • Flexibility and speed in decision-making as a mid-sized firm
  • Strengthened DX support for customers via business process automation services
  • Business expansion leveraging extensive industry network
  • Enhanced competitiveness through continuous management improvements
  • Reliability ensured by advanced security audit framework
  • Improved talent quality through specialized engineer development

Threats

  • Intensified competition from entry of major IT firms
  • Increased compliance burden from stricter financial regulations
  • Rising recruitment and training costs due to talent shortage
  • Fierce price competition in cloud services
  • Growing cyber security risks
  • Risk of reduced IT investment amid economic downturn
  • Lag in response to rapid technological evolution
  • Business continuity risks from natural disasters, etc.
  • Currency fluctuation impacts (for overseas transactions)
  • Constraints from competitors acquiring technical patents
  • Decrease in contract projects due to customers' in-house IT advancement
  • Decline in profit margins from price competition with rivals

Innovations

2024: Upward Revision of Operating Profit Forecast

Overview
Upward revision of operating profit forecast for FY2025.3, improving profitability.
Impact
Improved investor evaluation and stock price rise.

2023: Treasury Stock Repurchase Framework Set

Overview
Set treasury stock repurchase framework to stabilize market and enhance shareholder returns.
Impact
Improved capital efficiency and increased shareholder value

2022: Cloud-based Financial Business Support Software Development

Overview
Developed cloud-compatible financial business support system and launched new service.
Impact
Acquired new customers and diversified services

2021: Construction of Advanced Security Audit Framework

Overview
Strengthened security audit framework for financial systems, improving reliability.
Impact
Improved customer satisfaction and increased contracts

2020: Expansion of Specialized Engineer Dispatch Service

Overview
Strengthened talent dispatching business, expanding supply of specialized IT engineers.
Impact
Diversified revenue base and improved industry position

Sustainability

  • Promotion of energy efficiency in internal operations
  • CO2 reduction through widespread telework
  • Proper recycling of IT waste
  • Contributions to local communities via IT technology
  • Support for work-life balance improvement for employees