WingArc1st

Basic Information

Stock Code
4432
Industry
Information and Communications
Category Detail
Systems & Software
Prefecture
Tokyo
Establishment Year
March 2016
Listing Year
March 2021
Official Website
https://www.wingarc.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Dawn, Celsys, Broadleaf, SEC, Plus Alpha Consulting, Appier Group, Safie, FinText Holdings, Smaregi, Kaonavi, Sansan, Cybozu

Overview

WingArc1st is a leading company in the information and communications industry, established in 2016, holding a high market share in the Japanese market for business form software and BI solutions.

Current Situation

WingArc1st achieved consolidated net sales of 22.349 billion yen in the fiscal year ended February 2023, establishing a solid position in the business package software sector. Its flagship product SVF boasts a 68.3% share of the domestic form software market, while BI solutions Dr.Sum and MotionBoard have numerous implementations. The company focuses on technology development, expanding new products leveraging cloud and OCR technologies. It continues to receive certification as a Health & Productivity Management Outstanding Organization, strengthening its organizational framework. Sales offices are established in major cities across Japan, with a customer-centric support system in place. Moving forward, it aims to expand market share amid growing digital transformation demand. Through capital and business alliances with Toshiba Digital Solutions and Itochu Corporation, it is reinforcing its business foundation and accelerating growth strategies.

Trivia

Interesting Facts

  • SVF holds 68.3% share of Japan's domestic form software market
  • Dr.Sum pioneered multidimensional high-speed aggregation technology
  • Originates from the Information Planning Division of Wing System in Fukuoka
  • Company philosophy: 'Empower Data, Innovate the Business, Shape the Future.'
  • Certified as Health & Productivity Management Outstanding Organization for 4 consecutive years
  • Emerging IT company listed on the Prime Market in 2021
  • Itochu Corporation and Toshiba Digital Solutions as major shareholders
  • Maintains BI tool development base in Sapporo, Hokkaido
  • Experienced two IPO cancellations in the past and proceeded cautiously with market entry
  • Provides retail solution SmartRetailing

Hidden Connections

  • Strategic partner with deep cooperative relationship with Itochu Corporation Group
  • Absorbed Toshiba's form software assets and achieved technology integration
  • Fukuoka origins, with local engineers supporting company growth
  • Extensive sales offices in major domestic cities for customer-centric sales
  • Possesses multiple BI products to meet wide-ranging industry needs
  • Holds local subsidiaries in Southeast Asia and Dalian through acquisitions
  • Unique market expansion with invoice management software integrated with OCR
  • Expands product lineup by utilizing accumulated technology across multiple brands over many years

Future Outlook

Growth Drivers

  • Growing digital transformation demand among domestic companies
  • Business efficiency needs from cloud service adoption
  • Enhanced corporate decision-making support through advanced BI utilization
  • Expansion of IT investments by government and local governments
  • Demand for IT environment improvements accompanying work-style reforms

Strategic Goals

  • Maintain and expand top domestic share in BI and form markets
  • Strengthen products using cloud and AI technologies
  • Aggressive global market expansion and localization
  • Further promotion of sustainability management
  • Create innovative services in data utilization areas
  • Technological leadership supporting digital society infrastructure

Business Segments

Business Form Systems

Overview
Provides solutions to streamline form creation and management for diverse industries.
Competitiveness
High market share and extensive implementation track record
Customers
  • Financial institutions
  • Manufacturing
  • Distribution
  • Services
  • Local governments
Products
  • SVF series
  • invoice Agent
  • Form cloud services

BI and Data Analysis Solutions

Overview
Provides BI tools supporting corporate data analysis and management information visualization.
Competitiveness
High-speed aggregation engine and intuitive dashboard
Customers
  • Large enterprise IT departments
  • Mid-sized and small enterprises
  • Government agencies
  • Educational institutions
Products
  • Dr.Sum EA
  • MotionBoard
  • BI consulting

Cloud Services

Overview
Provides flexible cloud-based form and BI solutions.
Competitiveness
High security and flexible scalability
Customers
  • IT companies
  • Service providers
  • Small and medium enterprises
Products
  • SVF Cloud
  • MotionBoard Cloud

Data Utilization Consulting

Overview
Provides specialized consulting to promote corporate data utilization.
Competitiveness
Proposal capabilities integrating industry knowledge
Customers
  • Large enterprises
  • Local governments
  • Distribution and sales companies
Products
  • BI consulting services
  • Data strategy formulation support

Retail Information Utilization Solutions

Overview
Solutions supporting customer and sales data analysis for the retail industry.
Competitiveness
Analysis functions specialized for retail
Customers
  • Retail chains
  • Wholesalers
  • Marketing companies
Products
  • SmartRetailing

OCR and Document Organization Software

Overview
Provides OCR software to automate document recognition and organization tasks.
Competitiveness
High-precision OCR technology and site-specific needs response
Customers
  • Accounting departments
  • Document management departments
  • Back-office departments
Products
  • invoice Agent

Overseas Expansion Support

Overview
Provides and supports information infrastructure adapted for overseas markets.
Competitiveness
Deployment capabilities in collaboration with local subsidiaries
Customers
  • Overseas subsidiaries
  • Overseas bases
  • Global enterprises
Products
  • Local BI solutions
  • Form infrastructure

Competitive Advantage

Strengths

  • Overwhelming share in the domestic form software market
  • Data utilization support through diverse BI product lineup
  • Strong customer base and implementation track record
  • Provision of cloud-compatible products
  • Active investment in technology development and innovation
  • Business foundation strengthening via capital and business alliances
  • Sales offices deployed in major cities nationwide
  • Possession of advanced OCR technology
  • Broad product lineup
  • Organizational strength from Health & Productivity Management Outstanding Organization certification

Competitive Advantages

  • Industry-leading 68.3% domestic form software share
  • Technological superiority of high-speed aggregation engine Dr.Sum
  • Comprehensive BI services addressing customer needs
  • Flexibility and scalability of cloud solutions
  • Collaboration with Itochu Corporation and Toshiba Digital Solutions
  • Reliability and brand power from long track record
  • High adaptability across industries
  • Development organization with advanced technical capabilities
  • Robust information security framework
  • Abundant implementation cases and success stories

Threats

  • Burden of responding to rapid technological changes in IT industry
  • Intensifying competition with cloud-native companies
  • Increasing cybersecurity risks
  • Market fluctuations from rise of overseas cloud services
  • Threats from new entrants and alternative technologies
  • Securing development and operations talent amid labor shortages
  • IT investment restraint due to economic fluctuations
  • Increased compliance costs from strengthened regulations

Innovations

2022: Launch of Dynamic Management Platform Business

Overview
Entry into dynamic management service business through subsidiary acquisition of traevo Co., Ltd.
Impact
Contributes to expansion of service areas and acquisition of new customers.

2021: Capital and Business Alliance with Toshiba Digital Solutions

Overview
Promoting joint technology development and market expansion to enhance competitiveness.
Impact
Successfully achieved product integration and customer base expansion.

2020: Release of Cloud-Based Form Solution SVF Cloud

Overview
Launching new services to support migration from on-premises to cloud.
Impact
Realized development of new customer segments and revenue diversification.

2020: Launch of MotionBoard Cloud

Overview
Deployment of cloud-compatible BI dashboard service.
Impact
Successfully expanded cloud-using customer base.

2023: Enhancement of Form Automation Using AI

Overview
Advancing integration of AI technology for form processing efficiency.
Impact
Contributes to customer operational efficiency and competitiveness improvement.

Sustainability

  • Certified as Health & Productivity Management Outstanding Organization (White 500) continuously from FY2021 to FY2024
  • Promotion of energy-saving and environmentally considerate offices
  • CO2 emission reduction through remote work promotion
  • Promotion of diverse talent utilization and work-style reforms
  • Green IT transformation of internal IT infrastructure