Mitsubishi UFJ Research and Consulting

What Mitsubishi UFJ Research and Consulting does

Mitsubishi UFJ Research and Consulting Co., Ltd. (MURC) is a Tokyo-headquartered think tank and management consulting firm operating as a wholly-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG). Established in January 2006 through the merger of UFJ Research Institute, Diamond Business Consulting, and Tokyo Research International — with predecessor entities dating to 1979 — MURC organizes its work across twelve thematic practice areas spanning business strategy, organization and HR, digital innovation, international business, sustainability, GRC, healthcare and welfare, local-government consulting, urban development, and natural resources. Its service portfolio combines macro-economic research, commissioned policy research, bespoke consulting engagements, a subscription-based corporate membership platform (SQUET), and approximately 400 MUFG Business Seminars annually delivered across Tokyo, Nagoya, and Osaka.

The firm serves two primary client segments: Japanese private enterprises (strategy, HR, DX, cybersecurity, sustainability mandates) and government/public-sector organizations (national ministries and prefectures/municipalities seeking policy research and implementation support). Revenue is generated through professional-services fees for consulting and research engagements, supplemented by recurring SQUET subscription income and seminar fees; pricing is not publicly disclosed. The company employs approximately 1,500 staff including concurrent dispatch from MUFG Bank, operates wholly-owned subsidiaries in Indonesia and Thailand plus a representative office in Vietnam, and holds ISO 14001, Privacy Mark, Kurumin, and Eruboshi certifications. Recent commercial moves include the May 2026 launch of Gov Sales™, an AI analysis tool for local-government sales support, and a March 2026 partnership on the Abira Town Data Design Project with LIFULL and NPO partners.

Name

Mitsubishi UFJ Research and Consulting

Legal name

三菱UFJリサーチ&コンサルティング株式会社

Website

https://murc.jp

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mitsubishi UFJ Research and Consulting is a Tokyo-based think tank and management consulting subsidiary of MUFG, serving Japanese enterprises and government ministries with policy research, strategy consulting, digital transformation, sustainability, and executive education across twelve practice areas.

Ownership category

akta.pro rank

Product category

Management Consulting

NAICS

Management Consulting Services (54161), Other Management Consulting Services (541618), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Strategy & Corporate Development Consulting (BPAHACAA)

akta.pro secondary industries

Public Sector & Policy Consulting (BPAHACAN), Industry & Sector Research (Syndicated/Custom) (BPAHALAE), Strategy & Thematic Research (FSACAGAG), Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG)

Keywords

• Management consulting
• Policy research
• Economic research
• Digital transformation consulting
• Business strategy advisory

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain, Others

Revenue model

1. Consulting Services: Revenue from providing consulting services to private enterprises covering strategy, organization, HR, digital transformation, international business, sustainability, GRC (Governance, Risk, Compliance), and other specialized consulting areas
2. Policy Research: Commissioned research and policy recommendations for government agencies and public sector clients
3. Management Information Services: Corporate membership services including SQUET and other business information platforms
4. Human Resource Development: Business seminars, school programs, and other human resource development services conducted in Tokyo, Nagoya, and Osaka
5. Macroeconomic Research: Research and analysis on domestic and international macroeconomics

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Mitsubishi UFJ Research and Consulting is the think tank and consulting arm of the Mitsubishi UFJ Financial Group, providing macroeconomic and policy research, strategy and organizational consulting, digital transformation advisory, sustainability and GRC services, and human resource development seminars. It serves private enterprises and Japanese government/public sector clients across 12 thematic practice areas, and distributes macroeconomic research and business information through online libraries and membership services such as SQUET.

Product overview

Mitsubishi UFJ Research and Consulting is a think tank and consulting firm under MUFG (Mitsubishi UFJ Financial Group), offering a comprehensive portfolio of services organized across 12 practice areas: Business Strategy, Organization & HR Strategy, Digital Innovation, International/Global Business, Sustainability, Inclusive Society, GRC (Governance, Risk, Compliance), Economics & Industry, Healthcare & Welfare, Local Government, Urban Development & Tourism, and Natural Resources. The firm provides consulting services, policy research, economic research, management information services (SQUET), human resource development (MUFG Business Seminar, approximately 400 seminars annually), and publishes reports and research. Key digital offerings include Gov Sales™ (AI analysis tool for local government sales support), digital transformation consulting, and cybersecurity services. The company operates from Tokyo, Nagoya, and Osaka with approximately 1,500 employees.

Differentiator

Problem solved

Functional benefit

Products and services

• Gov Sales™ (ガブ・セールス) AI analysis tool that supports sales activities targeted at local governments, helping to analyze and optimize municipal sales operations for enterprise sales teams.
• SQUET (スクウェット) Member-based business support service for corporations under the MUFG Bank Group providing management support services and access to seminars and resources.
• MUFG Business Seminar (MUFGビジネスセミナー) Business seminars delivered in Tokyo, Nagoya, and Osaka with approximately 400 sessions annually in in-person and online live formats, including recorded archive access.
• Digital Tool Implementation Support (デジタルツール活用支援) Consulting service for investigating, reviewing applications, selecting tools, and executing PoC for AI, RPA, AI-OCR, and IoT technologies.
• Data-Driven Promotion Support (データドリブン推進支援) Consulting service covering data collection, organization, accumulation, data management platform construction, and data utilization for corporate management.
• DX (Digital Business Model Reform) Digital transformation consulting focused on business model transformation and business reform through digital utilization.
• Cybersecurity Consulting (サイバーセキュリティ) Cybersecurity and information security consulting including current status diagnosis, security tool selection, information security system construction, employee education, and certification acquisition support.
• Digital Human Resources Development (デジタル人材育成) Training programs for developing digital talent, addressing challenges from technical perspectives to business thinking and thinking process updates.
• Business Reform Support (業務改革支援) Business reform consulting covering work style reform legal compliance, operational efficiency, paperless initiatives, non-face-to-face operations, and telework implementation.
• System Reform Support (システム改革支援) System reform consulting covering existing system refresh challenges, requirements organization (METI DX Report 2025 cliff), system concept creation, vendor selection, and PMO operations.

Quantifiable outcome

• 5 consecutive periods of increased revenue and profit
• +1 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Tokyo Metropolitan GovernmentcoreStrategic or Co-development Partner · 15 May 2026MURC has endorsed the joint declaration of the Tokyo Women's Future Forum, committing to further promotion of women's success and diversity & inclusion initiatives.
• Town of Abira (Hokkaido)coreStrategic or Co-development Partner · 1 March 2026Partnership for the Abira Town Data Design Project, promoting regional data design initiatives for service improvement and optimization for residents and users in Abira Town and surrounding areas.
• NPO Community Think Tank InclulabocoreStrategic or Co-development Partner · 1 March 2026Collaboration partner in the Abira Town Data Design Project, working to create an inclusive society where everyone can enjoy well-being.
• LIFULL Co., Ltd.coreStrategic or Co-development Partner · 1 March 2026Partner in the Abira Town Data Design Project, contributing real estate and lifestyle information services to regional data design initiatives.
• NPO Sapporo ChallengedcoreStrategic or Co-development Partner · 1 March 2026Partner supporting social participation and employment opportunities for people with disabilities through ICT utilization, participating in the Abira Town Data Design Project.
• General Incorporated Association Data Work SupportcoreStrategic or Co-development Partner · 1 March 2026Partner providing data entry, organization, and digitalization services to create employment opportunities for diverse talent including people with disabilities.
• Green Carbon Inc.minorStrategic or Co-development Partner · 3 February 2026MURC researchers participated as speakers at the Carbon Credits Journal Forum hosted by Green Carbon Inc., discussing carbon credit policies and market trends.

Scale indicators3 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Accenture Japan: Japanese arm of global consulting giant offering strategy, digital transformation, and technology services. Competes with MURC on enterprise DX and large-scale transformation mandates, but at vastly greater scale.
• Bain & Company Japan: Global strategy consulting firm with significant Japan presence, competing for top-tier corporate strategy work. Comparable target clients and strategic advisory scope to MURC's strategy practice.
• Boston Consulting Group Japan: Global strategy consulting firm serving Japanese enterprises and government. Competes with MURC on corporate strategy, M&A, and organizational transformation mandates, particularly for large-cap Japanese corporates.
• McKinsey & Company Japan: Global strategy consulting firm's Japan office, competing for premium corporate strategy engagements. Comparable in serving large Japanese enterprises and government on strategy, but with different positioning on price point and brand prestige.
• Deloitte Tohmatsu Consulting: Japanese consulting arm of Deloitte, offering strategy, operations, technology, and human capital consulting. Directly competes with MURC on enterprise transformation and public sector advisory engagements.

Direct peers

• Japan Research Institute: Consulting and research firm affiliated with Sumitomo Mitsui Financial Group. Overlaps with MURC in economic forecasting, policy advisory, and corporate consulting, particularly for financial sector clients.
• Daiwa Institute of Research: Research and consulting arm of Daiwa Securities Group. Offers economic research, policy analysis, and management consulting to government and corporate clients, directly mirroring MURC's positioning.
• Nomura Research Institute: Japan's largest independent think tank/IT consulting firm, originally spun out of Nomura Securities. Closely comparable to MURC in offering economic research, policy advisory, and management consulting to government and enterprise clients in Japan.
• Mizuho Research & Technologies: Wholly-owned subsidiary of Mizuho Financial Group providing consulting, economic research, and policy advisory. Near-identical structural and service parallel to MURC as a megabank captive think tank.
• Sumitomo Mitsui Research Institute: Wholly-owned subsidiary of Sumitomo Mitsui Financial Group, providing management consulting and policy research. Direct structural peer as another megabank-affiliated consulting/research firm.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/murc_official
• YouTubeyoutube.com/channel/UC93AI61ZX4pqu3tFirCgY0w
• Facebookfacebook.com/murc.jp

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mitsubishi UFJ Research and Consulting