| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 722.43 | 29 |
| Intrinsic value (DCF) | 412.08 | -27 |
| Graham-Dodd Method | 159.61 | -72 |
| Graham Formula | 428.36 | -24 |
Acmos Inc. (6888.T) is a Tokyo-based IT solutions and services provider specializing in cybersecurity, server networking, and disaster prevention systems. Founded in 1991, the company serves Japanese enterprises with a suite of security products like SYMPROBUS File Atcala (an attachment separation mail gateway) and targeted attack email training solutions. Acmos also offers server virtualization, firewall construction, and thin client products, alongside disaster prevention services such as SYMPROBUS F (a fire department communication system). Operating in Japan's highly regulated IT services sector, Acmos differentiates itself through niche security and disaster resilience solutions. With a market cap of ¥5.69 billion (as of latest data), the company maintains a conservative beta of 0.177, reflecting lower volatility compared to the broader tech sector. Its revenue of ¥6.23 billion (FY 2024) underscores steady demand for localized IT infrastructure services in Japan's cybersecurity and public safety markets.
Acmos Inc. presents a specialized play in Japan's IT services sector, with a focus on cybersecurity and disaster prevention—a growing niche given Japan's stringent data protection laws and natural disaster risks. The company's ¥422.9 million net income (FY 2024) and ¥24/share dividend indicate stable profitability, supported by a debt-to-equity ratio of just 0.09 (calculated from ¥536.7 million debt vs. ¥2.93 billion cash). However, its small market cap and limited international exposure (revenue concentrated in Japan) may deter growth-focused investors. The low beta suggests defensive characteristics, but reliance on domestic IT spending (subject to Japan's economic stagnation) and competition from larger players like NTT Data pose risks. Operating cash flow of ¥347.7 million covers dividends comfortably, but capex of -¥101 million signals limited expansion efforts.
Acmos competes in Japan's fragmented IT services market by focusing on two defensible niches: (1) cybersecurity training (e.g., SYMPROBUS Targeted Mail Training) and (2) disaster prevention systems for public safety. Its competitive advantage lies in deep localization—products like SYMPROBUS-ReceiveMan cater specifically to Japan's disaster-prone infrastructure. Unlike global IT service providers, Acmos avoids head-to-head competition in cloud services, instead offering on-premise solutions (e.g., server virtualization) preferred by Japanese firms with data sovereignty concerns. However, its small scale limits R&D spending compared to giants like NTT Data, and it lacks a SaaS-based revenue model. The company's security diagnostics and firewall construction services face pricing pressure from automated cloud security platforms. Strengths include sticky government contracts (e.g., fire department systems) and high switching costs for embedded disaster prevention solutions. Weaknesses are low brand recognition outside niche clients and dependence on Japan's slow-growing IT budget (1.5% CAGR projected 2023–2028 per Statista).