XNET Corporation
TTSE:4762990.00
JPY
-9.00
(-0.90%)
XNET Corporation
TSE:4762
(Tokyo Stock Exchange)
Recent
price
990.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- XNET Corporation (4762.T), founded in 1991 and headquartered in Tokyo, Japan, primarily operates the XNET Service, a subscription-based asset management system platform serving over 180 institutional investors including life and non-life insurance companies, investment trust advisors, trust banks, and banks; the platform provides front-office functions for securities order placement and receipt, middle-office capabilities for performance analysis and beneficiary reporting, back-office operations for journal entries, custody, and settlements, investment management back-office for NAV calculations and reporting, center-type indicative STP for electronic trust instructions, trust-linked data disclosure, comprehensive loan management across primary, secondary, syndicated, and mortgage types, stewardship solutions for shareholder voting, report management for regulatory forms, XNET-AMO for application installation, maintenance, and development outsourcing, SO (Smart Outsourcing) for business process execution including accounting and reporting, remuneration management, individual trust management, and support services for launching investment trust and discretionary investment businesses, with ancillary equipment sales representing a minimal portion of revenue. The company holds dominant market share of approximately 90% among life and non-life insurers for securities under management, operates exclusively in Japan with offices including Sapporo, and maintains a single business segment focused on software applications outsourcing under a stable monthly fee model that enables knowledge sharing across clients and low churn due to data migration barriers. In May 2024, XNET terminated its capital alliance with former parent NTT DATA Corporation—acquired as a majority stakeholder in 2009—acquiring treasury shares for cancellation to enhance management independence, capital efficiency (lifting ROE to 10.2% in the fiscal year ended March 2025), and shareholder returns via a "no dividend cut" policy with increased payouts to 45 yen per share; it simultaneously established a new business alliance with NTT DATA for ongoing collaboration, while optimizing operations by withdrawing from low-margin spot AMO projects, adopting a performance-linked stock compensation plan in May 2025, and targeting core sales of 5 billion yen by the fiscal year ending March 2026 amid Japan's "Asset Management Nation" policy tailwinds.