Miroku Information Service

Basic Information

Stock Code
9928
Industry
Information and Communications
Category Detail
Systems & Software
Prefecture
Tokyo
Establishment Year
November 1977
Listing Year
August 1992
Official Website
https://www.mjs.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Proship, SRA HD, eBASE, Avantage Group, Money Forward, freee, Oracle Japan, Obic Business Consultants, Human Technologies, Ebren, PCA, TKC

Overview

Miroku Information Service is an independent systems integrator established in 1977, having built a solid position in the information services industry centered on accounting software.

Current Situation

Miroku Information Service recorded consolidated sales of approximately ¥34.1 billion and operating profit of approximately ¥4.5 billion in the fiscal year ended March 2021, maintaining stable performance. Its main business is the development and sales of ERP and accounting software for small and medium-sized enterprises, with a strong customer base through accounting firms. In recent years, it has focused on cloud services and data center provision to strengthen IT infrastructure. It maintains competitiveness based on a solid technical foundation derived from its large-scale computer batch processing business since founding. It is implementing marketing initiatives such as using image characters to enhance brand value. It is also advancing sustainability efforts, actively promoting social contribution activities and regional collaboration. Toward 2030, it is allocating resources to expanding cloud-related businesses and developing new solutions to achieve sustainable growth. Differentiation from competitors as indicated by Nikkei data and adaptation to customer needs will be key moving forward.

Trivia

Interesting Facts

  • The company name derives from the Buddhist Maitreya Bodhisattva, meaning 'the Buddha who rights the world.'
  • In its early days, it grew as a batch processing agency for large computers.
  • Official sponsor of Tokyo Verdy and NTV Beleza.
  • Uses former soccer player Ruy Ramos and actresses as image characters.
  • Holds a high market share in Japan's accounting software for SMEs for many years.
  • Has experience with management buyout of all shares, maintaining independence.
  • Provides specialized M&A and business succession support services through subsidiaries.
  • Cloud services and self-operated data centers are strengths.
  • Early development of accounting automation solutions incorporating AI technology.
  • Corporate number 4011101020774, headquartered in Shinjuku-ku, Tokyo.
  • Established in 1977, recognized as a veteran in the industry.
  • High legal compliance capability is a factor in gaining trust from tax accountants.
  • Strength in long years of system development experience in the accounting field.
  • Actively engages in environmental activities and educational support in the local community.
  • Owns its data center and provides hosting services.

Hidden Connections

  • Supports IT adoption by local SMEs through its main customer network of accounting firms.
  • Utilizes legal knowledge cultivated from long years of tax return software in new service development.
  • Strengthens ties with local communities through sports team sponsorships.
  • Provides comprehensive IT services by integrating in-house developed products with external solutions.
  • M&A support business differentiates from competitors by leveraging accounting and tax expertise.
  • Leverages the technical foundation built from former large computer agency business.
  • Aims to improve market position through business alliances and capital ties with competitors.
  • Supports SMEs with system development for DX promotion and cloud utilization support.

Future Outlook

Growth Drivers

  • Expansion of demand for cloud accounting systems among SMEs
  • Demand for system updates due to changes in tax and accounting standards
  • Promotion of IT adoption accompanying DX initiatives
  • Growth in M&A and business succession markets
  • Strengthened product deployment of AI and automation technologies
  • Expansion of telework and cloud utilization post-COVID
  • Needs for strengthened sustainability compliance
  • Increase in IT solution provision to local governments
  • Sales expansion through strengthened partnerships
  • Potential overseas expansion and growing global compliance needs

Strategic Goals

  • Achieve over 70% cloud sales ratio
  • Maintain and improve top-class customer satisfaction
  • Achieve 100% greening of data centers
  • Strengthen development of new products and services using AI
  • Become market leader in M&A and business succession support for SMEs
  • Promote company-wide sustainability and improve ESG ratings
  • Realize diverse talent utilization and diversity promotion
  • Build service system with high product customization capabilities
  • Establish foothold for overseas market entry
  • Strengthen legal compliance capabilities and build rapid response system

Business Segments

ERP and Accounting Systems for SMEs

Overview
Provides high-quality ERP and accounting solutions to small and medium-sized enterprises and accounting firms to support management efficiency.
Competitiveness
Strong customer base with accounting firms and long-accumulated business know-how.
Customers
  • Accounting firms
  • Tax accountant firms
  • SME owners
  • IT consultants
  • Management consulting firms
  • Financial institutions
  • Local governments
  • Non-profit organizations
  • IT service providers
  • Educational institutions
Products
  • MJSLINK NX-I Accounting System
  • MJSLINK NX-Classic
  • Accounting and Finance Software
  • Payroll and HR Software
  • Tax Return System
  • ERP Package
  • Cloud Accounting Service
  • Data Center Service
  • Maintenance and Support Services
  • Business Outsourcing

Cloud and Data Center Services

Overview
Provides stable cloud infrastructure and IT infrastructure-related services to companies.
Competitiveness
High reliability from self-operated data centers and extensive IT operation experience.
Customers
  • Small and medium-sized enterprises
  • Accounting firms
  • Financial institutions
  • IT service companies
  • Local governments
  • Educational institutions
  • Medical institutions
  • Manufacturing
  • Distribution
  • Services
Products
  • Cloud Hosting Services
  • IT Infrastructure Construction and Maintenance
  • Server and Storage Operations
  • Network Management
  • IT Facility Management
  • Backup and Recovery Services
  • Security Monitoring Services
  • Cloud ERP
  • Cloud Accounting
  • Business Outsourcing

Systems Integration

Overview
Builds and provides optimal IT solutions tailored to client needs.
Competitiveness
Fusion of expertise and technology specialized in accounting.
Customers
  • Small and medium-sized enterprises
  • Accounting firms
  • Financial institutions
  • Manufacturing
  • Services
  • Government agencies
  • Educational institutions
Products
  • Business System Construction
  • ERP Implementation Support
  • Cloud Migration Support
  • System Maintenance and Operations
  • Application Development
  • Data Analysis and BI Tools
  • IT Consulting
  • Network Construction

Maintenance and Support Services

Overview
Comprehensive maintenance support system to ensure stable operation after product introduction.
Competitiveness
Prompt and accurate response capabilities by specialized teams.
Customers
  • Accounting firms
  • Small and medium-sized enterprises
  • IT companies
  • Manufacturing
  • Distribution
Products
  • Software Maintenance
  • Hardware Maintenance
  • Help Desk
  • Training and Education
  • Operational Support

M&A and Business Succession Support

Overview
Provides specialized support for smooth business succession and growth of small and medium-sized enterprises.
Competitiveness
Financial support leveraging accounting knowledge.
Customers
  • SME owners
  • Executives
  • Business succession seekers
  • Accountants and tax accountants
  • Financial institutions
Products
  • M&A Consulting
  • Business Succession Planning Support
  • Corporate Valuation
  • Contract Negotiation Support
  • After-Support

Education and Training Services

Overview
Deploys education programs to improve user skills and promote IT utilization.
Competitiveness
Curriculum development covering both business knowledge and IT technology.
Customers
  • Accounting firms
  • Small and medium-sized enterprises
  • IT personnel
  • Executives
  • Tax accountants
Products
  • Product Operation Training
  • Business Efficiency Seminars
  • Qualification Courses
  • Cloud Utilization Education
  • IT Literacy Improvement Support

Competitive Advantage

Strengths

  • High market share in accounting software for SMEs
  • Strong partnerships with accounting firms
  • Stable financial base and profit margins
  • Abundant business know-how and development capabilities
  • Active investment in cloud services
  • Reliability from data center operations
  • Diverse product lineup
  • Comprehensive customer support system
  • Continued use by long-term customer base
  • Industry-specific specialized solutions
  • Flexible customization proposals
  • High brand recognition
  • Strengthened collaboration with certified public accountants and tax accountants
  • Improved marketing capabilities
  • Stable market position

Competitive Advantages

  • Pioneering position in the SME accounting market
  • Accounting firm network rooted in Japan
  • Product lineup supporting both packages and cloud
  • Trust gained from advanced tax law compliance
  • Differentiation through stable data center operations
  • Multi-faceted IT solution deployment
  • Comprehensive services including M&A and business succession support
  • Product development reflecting industry-specific needs
  • Customer-oriented customer service
  • Staff proficient in accounting and tax
  • Continuous product updates and legal compliance
  • Flexible introduction plans according to company size
  • Strengthened sales force and partner network
  • Reliability and stability of reputable products
  • Rapid response to strengthened legal compliance

Threats

  • Intensifying competition with other companies in the cloud accounting market
  • Burden of responding to changes in tax systems and accounting standards
  • Market entry by new IT vendors and innovative technologies
  • Risk of declining development and support capabilities due to talent shortage
  • Increasing information security risks
  • Delays in responding to diversifying customer needs
  • Risk of profit deterioration due to price competition
  • Decrease in IT investment by SMEs due to economic downturn
  • Increased operational costs due to strengthened regulations
  • Market penetration by global IT companies
  • Service disruptions due to infrastructure impacts from natural disasters, etc.
  • Increased catch-up costs due to accelerating pace of technological innovation

Innovations

2024: MJSLINK NX-I Cloud Service Enhancement

Overview
Significantly updated cloud-compatible ERP and accounting systems to achieve multifunctionality.
Impact
Accelerated customers' cloud shift and increased contracts by 20%

2023: Data Center Infrastructure Renewal

Overview
Introduced state-of-the-art IT infrastructure to improve system reliability and scalability.
Impact
Achieved 99.99% uptime and improved customer satisfaction

2022: Development of Accounting Support Solution Using AI

Overview
Implemented automatic receipt categorization and error checking using AI technology.
Impact
Improved processing efficiency by 30%

2021: Launch of M&A and Business Succession Support Business

Overview
Established subsidiary to provide services specialized in business succession for SMEs.
Impact
Successfully expanded customer base and generated ¥1.5 billion in new sales

2024: Introduction of Security Enhancement Program

Overview
Introduced multi-layered defenses and monitoring for cloud services to reduce risks.
Impact
Significantly reduced information leakage risks

2023: Smartphone-Compatible User Interface Improvements

Overview
Improved usability and enhanced access from smart devices.
Impact
Improved user satisfaction and increased usage rate

2022: Enhanced Cloud Accounting Data Integration

Overview
Expanded automatic transaction reflection functions through API integration with financial institutions.
Impact
Contributes to customers' business efficiency

2021: Expansion of ERP Functions for New SMEs

Overview
Strengthened sales and inventory management modules for integrated management support.
Impact
Increased number of ERP-adopting companies

Sustainability

  • CO2 emission reduction through in-house energy-saving initiatives
  • Paperless promotion campaign
  • Participation in regional environmental conservation activities
  • Strengthened measures to promote employment of people with disabilities
  • Strengthened compliance education
  • Improved energy efficiency of cloud services
  • Strengthened safety and health management system
  • Promotion of telework through ICT utilization
  • Regular hosting of social contribution activities
  • Encouragement of environmentally considerate product development
  • Expansion of initiatives for promoting women's participation
  • Introduction of green IT in data centers