Japanese Software Price disconnect

Appier Group

Market Cap: JP¥156.7b

A software-as-a-service company, provides artificial intelligence (AI) platforms for enterprises to make data-driven decisions in Japan and internationally.

BASEInc

Market Cap: JP¥45.5b

Engages in the planning, development, and operation of web services in Japan.

Densan System Holdings

Market Cap: JP¥28.9b

Engages in the information service and collection agency service businesses in Japan.

Ascentech K.K

Market Cap: JP¥25.2b

Provides virtual desktop infrastructure (VDI) and IT infrastructure solutions in Japan.

SmartDrive

Market Cap: JP¥16.9b

Engages in the development of data platforms and services that support the evolution of mobility services in Japan.

Yappli

Market Cap: JP¥14.2b

Engages in mobile technology and internet businesses in Japan.

JapaniaceLtd

Market Cap: JP¥8.7b

Engages in the advanced engineering business in Japan.

Suzuyo Shinwart

Market Cap: JP¥8.6b

Operates as an information services company.

Nulab

Market Cap: JP¥6.0b

Develops solution that promotes team collaboration.

POPERLtd

Market Cap: JP¥4.8b

Provides a business management platform for educational institutions in Japan.

SHINKO

Market Cap: JP¥4.3b

Provides maintenance services, IT solutions, and human resource services in Japan.

Rococo

Market Cap: JP¥3.9b

Provides IT solutions in Japan.

HOUSEI

Market Cap: JP¥3.3b

Provides various cloud services in Japan.

IPS Holdings

Market Cap: JP¥2.7b

Provides SAP ERP system implementation and maintenance services in Japan, Germany, and Asia-Pacific.

GaiaxLtd

Market Cap: JP¥2.4b

Operates as a startup studio working on social media and sharing economy businesses in Japan.

MIT Holdings

Market Cap: JP¥2.0b

Engages in the information service business.

Computer Mind

Market Cap: JP¥179.0m

Computer Mind Co., Ltd. provides IT system development and related services in Japan.