Japanese Software Low Leverage High Rewards

System ResearchLtd

Market Cap: JP¥29.5b

Provides software development services in Japan.

NCD

Market Cap: JP¥19.7b

Engages in the system development, support and service, and parking system businesses in Japan.

Business Brain Showa-Ota

Market Cap: JP¥32.9b

Provides consulting and systems development, and business management services in Japan.

HIMACS

Market Cap: JP¥12.4b

Provides defined valued processes for various system lifecycles in Japan.

CreoLtd

Market Cap: JP¥9.8b

Engages in the development of information processing systems and provision of related services in Japan.

KSKLtd

Market Cap: JP¥27.0b

Engages in the LSI, software, hardware, customer service, and data entry businesses.

NCS&A

Market Cap: JP¥20.4b

Provides various IT services in Japan.

NSW

Market Cap: JP¥37.1b

Operates as an enterprise, services, embedded, and device solutions provider in Japan.

Systems Design

Market Cap: JP¥4.9b

Operates as an information service company.

Systena

Market Cap: JP¥149.4b

Engages in the solution and framework design, IT service, business solution, and cloud businesses in Japan.

SRA Holdings

Market Cap: JP¥58.2b

Engages in the provision of IT consulting, system construction, operation services, products, and solutions in Japan and internationally.

Digital Information Technologies

Market Cap: JP¥27.1b

Operates as an information services company.

CAC Holdings

Market Cap: JP¥31.0b

Through its subsidiaries, provides information technology services in Japan and internationally.

Densan System Holdings

Market Cap: JP¥31.5b

Provides information and collection agency services in Japan.

Soliton Systems K.K

Market Cap: JP¥36.7b

Engages in the development and sale of IT security-related products in Japan, the United States, and internationally.

Suzuyo Shinwart

Market Cap: JP¥8.5b

Operates as an information services and logistics solutions in Japan.

PCI Holdings

Market Cap: JP¥12.1b

Engages in the information service business.

SOLXYZ

Market Cap: JP¥8.6b

Provides system integration, system consulting, and outsourcing services in Japan.

Uchida Yoko

Market Cap: JP¥100.9b

Engages in providing government and education, office, and information system solutions in Japan and internationally.

Cresco

Market Cap: JP¥66.7b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

ID Holdings

Market Cap: JP¥34.4b

Provides information technology (IT) services in Japan.

Comture

Market Cap: JP¥45.0b

Provides cloud, digital, business, platform and operation, and digital learning solutions in Japan.

CDSLtd

Market Cap: JP¥11.7b

Engages in the technical information solutions business in Japan.

GMO Pepabo

Market Cap: JP¥9.1b

Provides internet services in Japan.

UNIRITA

Market Cap: JP¥15.0b

Provides software and solutions for information technology (IT) systems operation in Japan and internationally.

System D

Market Cap: JP¥8.6b

Develops and sells industry specific package software products in Japan.

E-Guardian

Market Cap: JP¥19.7b

Provides Internet security services in Japan, Singapore, and internationally.

NSD

Market Cap: JP¥204.4b

Provides various IT solutions in Japan.

System LocationLtd

Market Cap: JP¥6.1b

Provides business support for finance companies in Japan and internationally.

m-up holdings

Market Cap: JP¥54.4b

Engages in the development and distribution of mobile and PC content, and e-commerce businesses in Japan.

SAKURA KCS

Market Cap: JP¥15.6b

Provides information services in Japan.

Otsuka

Market Cap: JP¥1.3t

Provides information services in Japan.

Quest

Market Cap: JP¥8.8b

Provides information services and solutions in Japan.

Japan Process Development

Market Cap: JP¥19.8b

Provides system integration and software development services in Japan.

Sobal

Market Cap: JP¥7.2b

Engages in the development of embedded software for digital appliances in Japan.

AGS

Market Cap: JP¥16.8b

Provides information services in Japan.