Aging and Increasing Scale of Financial Institutions’ Core Systems and Demand for System Renewal
First written in FY2018. 8 of 16 entries say "Advanced", first in FY2021-Q1. Latest entry: 2026-10-16.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Although activity in the first quarter declined because large-scale projects were completed at 4 regional banks in the fourth quarter of the fiscal year ending February 2025, the company advanced sales activities under its new structure during this period, leading to the launch of new projects and increased staffing on existing projects in the second quarter.」
Regarding support related to regional banks’ core systems, new projects began and additional personnel were assigned to existing projects after large projects had been completed at 4 banks. - FY2025AdvancedAnnual report
「During the fourth quarter accounting period, we completed regional-bank system integration projects in 2 regions. Orders for project execution support and support in advancing the operations of IT departments also remained steady across a broad range of sectors, including securities, trust banks, and insurance.」
Regarding demand for core-system migrations and integrations, regional-bank integration projects were completed in 2 regions, and orders remained steady as support expanded to securities companies, trust banks, and insurers. - FY2025-Q1RestatedAnnual report
「Orders for support services for banks’ core system migration and integration projects, as well as for supporting the operations of IT departments at financial institutions and operating companies, remained solid.」
The continued demand for support with core-system migrations and integrations and for support in advancing the operations of IT departments is reconfirmed, along with steady order trends. - FY2024RestatedAnnual report
「The government and the Bank of Japan have also indicated policies to support restructuring and investment in IT infrastructure as part of efforts to strengthen the competitiveness of regional banks, and system investment is expected to expand further going forward.」
Demand related to core systems, driven by the consolidation of regional banks and IT infrastructure investment, continues to be described. - FY2023ReframedAnnual report
「Regional banks have become particularly active in pursuing the opening up and migration of core systems to the cloud as medium- to long-term cost-reduction measures, and we believe there is also strong demand for the Company’s consulting services in this area.」
The focus of the disclosure on demand for core-system renewals at financial institutions has expanded beyond aging systems and integrations to include moves toward open systems and cloud migration. - FY2022AdvancedAnnual report
「We anticipated that demand for project management support for core systems and support for business-improvement projects using IT would increase and diversify across a broad range of financial sectors. We therefore worked to improve service quality and strengthen recruitment and talent development.」
The disclosure describes increasing and diversifying demand that extends beyond core-system renewals and integrations to include business-improvement projects using IT. - FY2022-Q1AdvancedAnnual report
「One customer for which the Company provides project management support completed a core banking system integration project.」
The disclosure reports specific progress, with 1 core banking system integration project completed at a supported financial institution. - FY2021AdvancedAnnual report
「Core banking system renewals and integrations were carried out at 4 customers receiving project management support from the company, and related support services remained solid.」
The disclosure reports specific progress on projects carried out at 4 supported banks in connection with demand for core banking system renewals and integrations. - FY2021-Q1AdvancedAnnual report
「One of the customers for which the Company provides project management support completed an integration project for its core banking system.」
The disclosure reports specific progress on a core banking system integration project at a financial institution, with one of the Company’s support engagements completed. - FY2020-Q3RestatedAnnual report
「In the consulting business, the Company continued proposing measures to strengthen project execution in line with project progress, primarily for customers preparing for system renewals or integrations in the next fiscal year and beyond. As a result, contracted work increased.」
The disclosure states that customers are preparing for system renewals and integrations, and that contracted work increased through proposals to support project execution. - FY2020-Q2RestatedAnnual report
「In the consulting business, the company increased revenue from customers planning system renewals or integrations from the next fiscal year onward, in line with project progress and increases in consultants and partner companies. Meanwhile, revenue decreased year on year because large-scale core banking system renewal projects managed by the company were completed for multiple customers in January 2019.」
While demand for core-system renewals at financial institutions continues, the disclosure states that the completion of a large renewal project was a factor behind the decline in sales during the quarter. - FY2019RestatedAnnual report
「Systems known as “Third Online,” built at banks across Japan from the latter half of the 1980s through the first half of the 1990s, remain in operation. Not only are the systems themselves aging, but their configurations and management are becoming increasingly complex.」
The aging and increasing complexity of banks’ core systems, along with the resulting demand for system renewals, continue to be described as part of the business environment. - FY2018First statedAnnual report
「Systems known as “Third Online,” built at banks across Japan from the latter half of the 1980s through the first half of the 1990s, remain in operation. Not only are the systems themselves aging, but their configurations and management are becoming increasingly complex.」
The disclosure explains the structural increase in development scale and investment and the resulting increase in demand for project management, against a backdrop of aging and increasingly complex core systems at financial institutions.