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Mitsubishi Research Institute (3636) · InitiativeReframed

Expansion of system projects in financial services, card services and electric power

First written in FY2016-Q3. 11 of 22 entries say "Advanced", first in FY2020. Latest entry: 2026-04-27.

22entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016-Q3 – FY2017-Q3RestatedFY2018-Q1 – FY2019AdvancedFY2020 – FY2023ReframedFY2024 – 2026-04-272016: 220162017: 420172018: 220182019: 120192020: 120202021: 320212022: 320222023: 420232024: 120242025: 020252026: 1
Same theme, other companies
Expansion of Orders and Sales in the Public and Financial SectorsA theme 8 companies write about · 0 as a headwind · 9 as a tailwind

Mitsubishi Research Institute moved to the "Worse" side of this theme in 2024.

The whole theme swung hardest in 2024: 3 of 7 companies on the "Worse" side.

0 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-04-27ReframedRevision of earnings forecasts

    「In ITS, given the smooth completion during the first quarter of the large projects in the finance and card sectors that had previously driven performance, we are moving toward selective concentration on priority fields after evaluating the market environment, proposal capabilities and resource capabilities as 3 axes.」

    Following the completion of large projects in the finance and card sectors, the description has shifted from a focus on expanding projects to selective concentration on priority fields based on defined evaluation criteria.
  2. FY2024ReframedAnnual report

    「(IT Services) During the consolidated fiscal year, systems renewal projects in the industrial and public sectors grew, but net sales (external sales) declined 2.4% year on year to ¥69,942 million due in part to a decrease in large-scale systems-related projects for the finance and cards fields.」

    The description has shifted from one centered on the expansion of projects in the finance and cards fields to a structure in which systems renewal in the industrial and public sectors is growing while large-scale projects for the finance and cards fields are declining.
  3. FY2023AdvancedAnnual report

    「(IT Services) During the consolidated fiscal year, various systems development projects in the finance and cards fields, including systems infrastructure renewal projects for financial institutions, contributed to revenue. Net sales (external sales) were ¥71,663 million, up 5.3% year on year, and ordinary profit was ¥5,560 million, up 4.9%.」

    Various systems development projects in the finance and cards fields contributed to full-year revenue, with IT services revenue and ordinary profit exceeding the previous year.
  4. FY2023-Q3AdvancedAnnual report

    「(IT Services) During the 3rd quarter of the consolidated cumulative period, systems infrastructure renewal projects for financial institutions and other projects contributed to revenue. Net sales (external sales) were ¥54,211 million, up 6.7% year on year, and ordinary profit was ¥4,691 million, up 11.2%.」

    Systems infrastructure renewal projects for financial institutions continued to contribute to revenue, with 3rd-quarter cumulative IT services revenue of ¥54,211 million and ordinary profit of ¥4,691 million, resulting in higher revenue and profit year on year.
  5. FY2023-Q2AdvancedAnnual report

    「(IT Services) During the 2nd quarter of the consolidated cumulative period, project revenue grew as the finance and cards fields expanded further. Net sales (external sales) were ¥37,088 million, up 8.9% year on year, and ordinary profit was ¥3,728 million, up 19.8%.」

    Project revenue grew as the finance and cards fields expanded further, with IT services revenue of ¥37,088 million and ordinary profit of ¥3,728 million, up 8.9% and 19.8% year on year, respectively.
  6. FY2023-Q1AdvancedAnnual report

    「(IT Services) During the 1st quarter of the consolidated cumulative period, project revenue grew as the finance and cards fields expanded. Net sales (external sales) were ¥18,613 million, up 14.0% year on year, and ordinary profit was ¥1,734 million, up 29.8%.」

    Growth in project revenue associated with the expansion of the finance and cards fields continued, with IT services revenue of ¥18,613 million and ordinary profit of ¥1,734 million, up 14.0% and 29.8% year on year, respectively.
  7. FY2022-Q3AdvancedAnnual report

    「(IT Services) During the 3rd quarter of the consolidated cumulative period, systems infrastructure renewal projects for financial institutions and other projects contributed to revenue. Net sales (external sales) were ¥50,824 million, compared with ¥46,667 million in the same period of the previous year, and ordinary profit was ¥4,220 million, compared with ¥2,419 million.」

    Systems infrastructure renewal projects for financial institutions continued to contribute to revenue, with IT services revenue of ¥50,824 million and ordinary profit of ¥4,220 million.
  8. FY2022-Q2AdvancedAnnual report

    「(IT Services) During the 2nd quarter of the consolidated cumulative period, project revenue grew as the finance and cards fields expanded further. Net sales (external sales) were ¥34,044 million, compared with ¥31,524 million in the same period of the previous year, and ordinary profit was ¥3,113 million, compared with ¥2,197 million.」

    Project revenue grew as the finance and cards fields expanded further, with IT services revenue and ordinary profit exceeding the same period of the previous year.
  9. FY2022-Q1AdvancedAnnual report

    「(IT Services) During the 1st quarter of the consolidated cumulative period, project revenue grew as the finance and cards fields expanded. Net sales (external sales) were ¥16,323 million, compared with ¥13,550 million in the same period of the previous year, and ordinary profit was ¥1,336 million, compared with profit of ¥438 million in the same period of the previous year.」

    Growth in project revenue associated with the expansion of the finance and cards fields continued, with IT services revenue of ¥16,323 million and ordinary profit of ¥1,336 million in the 1st quarter.
  10. FY2021-Q3AdvancedAnnual report

    「(IT Services) During the 3rd quarter of the consolidated cumulative period, systems infrastructure renewal projects for financial institutions and other projects contributed to revenue, resulting in net sales (external sales) of ¥46,667 million, up 11.7% year on year.」

    Systems infrastructure renewal projects for financial institutions contributed to revenue, with IT services revenue reaching ¥46,667 million, up 11.7% year on year.
  11. FY2021-Q2AdvancedAnnual report

    「(IT Services) During the 2nd quarter of the consolidated cumulative period, systems infrastructure renewal projects for financial institutions and other projects contributed to revenue, resulting in net sales (external sales) of ¥31,524 million, up 4.1% year on year.」

    Systems infrastructure renewal projects for financial institutions contributed to revenue, with IT services revenue reaching ¥31,524 million, up 4.1% year on year.
  12. FY2021-Q1AdvancedAnnual report

    「(IT Services) During the 1st quarter of the consolidated cumulative period, project revenue grew as the finance and cards fields expanded, but higher expenses resulted in net sales (external sales) of ¥13,550 million, up 6.2% year on year, and ordinary profit of ¥438 million, down 29.6%.」

    Project revenue grew as the finance and cards fields expanded, with IT services revenue reaching ¥13,550 million, up 6.2% year on year.
  13. FY2020AdvancedAnnual report

    「During the consolidated fiscal year, net sales (external sales) were ¥57,438 million, up 2.7% year on year, due in part to the expansion of projects in the finance and cards fields.」

    Expansion of projects in the finance and cards fields lifted IT services revenue to ¥57,438 million, up 2.7% year on year.
  14. FY2019RestatedAnnual report

    「During the consolidated fiscal year, we worked on systems supporting anti-money-laundering regulatory compliance for financial institutions, systems such as big data utilization platforms, card-related systems operations, services for middle and high schools and universities, and expansion of ICT-related BPO operations.」

    The company continues to describe initiatives involving IT services projects for financial institutions, card-related businesses and BPO.
  15. FY2018-Q3RestatedAnnual report

    「In financial services, in addition to working on systems development for megabanks and credit card companies, we are seeking to expand into trust banks and regional banks.」

    The company continues to state its policy of expanding financial systems development into trust banks and regional banks, in addition to megabanks and credit card companies.
  16. FY2018-Q1RestatedAnnual report

    「In financial services, in addition to working on systems development for megabanks and credit card companies, we sought to expand into trust banks and regional banks.」

    The company continues to describe expansion of financial systems development into trust banks and regional banks, in addition to megabanks and credit card companies.
  17. FY2017RaisedAnnual report

    「In financial services, in addition to working on systems development for megabanks and credit card companies, we sought to expand into trust banks and regional banks.」

    In addition to projects for megabanks and credit card companies, the company explicitly adds expansion into trust banks and regional banks, broadening its coverage of the financial sector.
  18. FY2017-Q3RestatedAnnual report

    「(IT Services) During the 3rd quarter of the consolidated cumulative period, credit data analysis and risk measurement projects for financial institutions, systems integration projects for credit card companies, and billing system development projects for electric power companies contributed to revenue. Net sales (external sales) were ¥40,846 million, up 4.5% year on year, and ordinary profit was ¥2,563 million, up 13.5%.」

    Systems projects for financial institutions, credit card companies and electric power companies continue to be listed as major projects.
  19. FY2017-Q2RestatedAnnual report

    「(IT Services) During the 2nd quarter of the consolidated cumulative period, credit data analysis and risk measurement projects for financial institutions, systems integration projects for credit card companies, and billing system development projects for electric power companies contributed to revenue. Net sales (external sales) were ¥28,309 million, up 3.8% year on year, and ordinary profit was ¥2,177 million, up 13.0%.」

    Systems projects for financial institutions, credit card companies and electric power companies continue to be listed as major projects.
  20. FY2017-Q1RestatedAnnual report

    「(IT Services) During the 1st quarter of the consolidated cumulative period, systems integration projects for credit card companies and billing system development projects for electric power companies contributed to revenue. Net sales (external sales) were ¥12,455 million, up 9.6% year on year, and ordinary profit was ¥536 million, up 122.1%.」

    Systems integration for credit card companies and billing system development for electric power companies continue to be listed as major projects.
  21. FY2016RestatedAnnual report

    「During the consolidated fiscal year, systems construction and individual risk management projects for megabanks, equipment renewal and large-scale systems integration projects for credit card companies, and systems development projects for electric power companies in response to electricity deregulation contributed to revenue. Net sales (external sales) were ¥53,889 million, up 7.1% year on year, and ordinary profit was ¥2,931 million, up 31.4%.」

    Systems projects for megabanks, credit card companies and electric power companies continue to be listed as major projects.
  22. FY2016-Q3First statedAnnual report

    「During the 3rd quarter of the consolidated cumulative period, systems construction projects for megabanks, equipment renewal and large-scale systems integration projects for credit card companies, and systems development projects for electric power companies in response to electricity deregulation contributed to revenue. Net sales (external sales) were ¥39,097 million, up 5.2% year on year, and ordinary profit was ¥2,259 million, up 87.1%.」

    Specific systems projects for megabanks, credit card companies and electric power companies are described as means of expanding the IT services business.
Moved together

"Risk of Unprofitable System Development" moved the same way as this thread, in the same document, in 8 of its 22 moves.

865555★123456
  1. ★This thread
  2. 1Risk of Unprofitable System Development8×
  3. 2Research and development of AI, robotics, cloud and other technologies and their deployment as services6×
  4. 3IT Services: Revenue Growth and a Significant Increase in Profit5×
  5. 4Focus on Public-Private Co-Creation Solutions and Businesses Leveraging New Technologies5×
  6. 5Diversity and Work Style Reform5×
  7. 6Growth business reform centered on DX, recurring-revenue and overseas businesses5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Mitsubishi Research Institute's next results are scheduled for 2026-11-04. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-04-27: "Reframed".
News
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Expansion of system projects in financial services, card services and electric power | Mitsubishi Research Institute,Inc. (3636) | Komori