CE Holdings

What CE Holdings does

CE Holdings Co., Ltd. (株式会社ＣＥホールディングス, TSE Standard Market ticker 4320) is a Sapporo-headquartered healthcare IT holding company operating five consolidated subsidiaries and two equity-method affiliates in Japan. Founded in 1996 and restructured into a holding company in 2013, the group generates revenue primarily through CSI Co., Ltd., which develops and sells the MI・RA・Is family of electronic medical record (EMR) systems — including the latest MI・RA・Is V and the MI・RA・Is Mobile smartphone-access module — to hospitals and medical institutions. Adjacent subsidiaries MCS (nursing care systems) and Digital Solution (medical information systems) extend the platform into nursing care facilities and broader clinical workflows, while Mocosuku and Sankaku Company provide industrial health and digital marketing services. Distribution is primarily direct via subsidiaries, supplemented by a nationwide sales and SI partner network.

The group's economic model is anchored on enterprise B2B healthcare IT contracts with Japanese hospitals, nursing care operators, and pharmaceutical companies, with pricing typically quotation-based for large institutional deployments. FY2025/9 net sales were ¥15,831 million with 8.9% operating margin and 21.6% ROE, and H1 FY2026 revenue reached ¥10,877 million, indicating accelerating momentum. CE Holdings is currently positioning its core EMR franchise for the next phase of healthcare digital transformation through AI integration: a January 2026 Ministry of Health, Labour and Welfare-backed pilot at JCHO Hokkaido Hospital demonstrated Japan's first smartphone-based AI voice recognition medical record drafting system tied to the MI・RA・Is EMR, while subsidiary CSI obtained DX Certification in the same month. The company is also pursuing a JST neonatal diagnosis support project, evidencing regulatory and research engagement in advanced clinical AI use cases.

Name

CE Holdings

Legal name

株式会社ＣＥホールディングス (CE Holdings Co.,Ltd.)

Website

https://ce-hd.co.jp

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

501–1,000 employees

Short description

CE Holdings is a Japanese healthcare IT holding company that develops and sells the MI・RA・Is electronic medical record system and related nursing care, medical information, and digital marketing solutions to hospitals, nursing care facilities, and enterprises through its subsidiary network.

Ownership category

akta.pro rank

Headquarters

HQ city

Sapporo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Healthcare IT Systems Development: Electronic medical record systems (MI・RA・Is) development and sales, contracted system development, nursing care system development, medical information systems development and support. Primary revenue driver through subsidiary companies.
2. Digital Marketing Services: Digital marketing execution support and digital marketing personnel training through subsidiary Sankaku Company.
3. Industrial Health and Marketing Services: Industrial health, human resources, and marketing businesses utilizing medical and web knowledge through subsidiary Mocosuku.
4. Clinical Development Support: Efficient clinical development support using imaging technology through Micron, Inc. (equity-method affiliate).

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

CE Holdings is a Japanese healthcare-focused IT holding company that develops, sells, and supports the MI・RA・Is electronic medical record (EMR) system and complementary medical/nursing-care information systems through its subsidiaries (primarily CSI, MCS, and Digital Solution). The group also provides digital marketing execution and personnel training (Sankaku Company) and industrial health/HR services (Mocosuku), with clinical development support delivered via its equity-method affiliate Micron.

Product overview

CE Holdings is a healthcare-focused IT holding company with a portfolio of products centered on the MI・RA・Is electronic medical record system as its core platform. The group offers complementary modules including MI・RA・Is V (latest version), MI・RA・Is Mobile (smartphone access), and Doctor Connect (healthcare connectivity). Additional services include nursing care systems (via MCS), medical information systems (via Digital Solution), digital marketing solutions (via Sankaku Company), and health consultation services (via Mocosuku). The portfolio also includes cashless payment solutions and digital signage services. The company is expanding AI capabilities including voice recognition-enabled medical record drafting and Gemini-powered analytics.

Differentiator

Problem solved

Functional benefit

Brands

• MI・RA・Is: Electronic medical record system - core product of subsidiary CSI Co.,Ltd.
• Doctor Connect
• Mocosuku

Products and services

• MI・RA・Is V Latest version of CE Holdings' flagship electronic medical record system, providing comprehensive medical documentation, patient records management, and clinical workflow support for hospitals, clinics, and other medical institutions in Japan. Sold and implemented by subsidiary CSI Co., Ltd.
• MI・RA・Is Core electronic medical record system serving as the foundational product of the CE Holdings group; provides comprehensive medical documentation, patient records management, and clinical workflow support for healthcare institutions.
• MI・RA・Is Mobile Mobile solution that extends the MI・RA・Is EMR, allowing healthcare professionals to access patient medical information anytime, anywhere via smartphone for more efficient clinical operations.
• Doctor Connect Healthcare communication and connectivity solution enabling better connections between healthcare providers, patients, and medical services.
• Mocosuku Health Consultation (もこすく相談所) Health consultation service leveraging medical and web expertise, delivered by subsidiary Mocosuku for corporate and individual clients seeking health support.
• Cashless Solution Services Digital payment and cashless transaction services delivered by subsidiary Digital Solution for healthcare providers and retail operators.
• Digital Signage Services Digital signage solutions for the Hokkaido region, marketed by subsidiary Digital Solution, supporting environmental sustainability through reduced paper usage and LED power efficiency.
• Nursing Care System (MCS) Total support for development, implementation, operation, and maintenance of nursing-care information systems for nursing care service providers, delivered by subsidiary MCS Co., Ltd.
• Medical Information System (Digital Solution) Total support for development, implementation, operation, and maintenance of medical information systems for medical institutions, delivered by subsidiary Digital Solution Co., Ltd.
• Digital Marketing Services Digital marketing execution support and digital marketing personnel training services for companies, delivered by subsidiary Sankaku Company Co., Ltd.
• AI Medical Record Drafting System AI-powered medical record drafting system that combines smartphone input, AI voice recognition, and integration with the MI・RA・Is electronic medical record; demonstrated at JCHO Hokkaido Hospital to reduce documentation burden and restore patient-centered dialogue.

Quantifiable outcome

• Operating profit margin target of 20%
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Nationwide Sales and SI PartnerscoreChannel Partner/ Reseller/ DistributorPartnership network with sales and system integrator partners across Japan for expanding medical IT solutions to healthcare institutions nationwide.
• National Hospital Organization (JCHO) Hokkaido HospitalcoreStrategic or Co-development PartnerAI medical record draft demonstration project collaboration for reducing documentation burden on healthcare workers and enabling patient-centered dialogue through AI voice recognition integrated with electronic medical records.
• Japan Science and Technology Agency (JST)minorStrategic or Co-development PartnerCollaboration under JST's social technology research program for SDGs achievement. Participation in neonatal diagnosis support system enhancement project through重症化 prevention.
• Micron, Inc.coreOthersEquity-method affiliate (33.4% ownership) providing efficient clinical development support using imaging technology. Micron also has subsidiary Mfrontier for clinical development personnel dispatch.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• NEC Corporation: Major Japanese IT conglomerate with hospital IT/healthcare solutions that compete with CE Holdings at large-hospital accounts. NEC is also a strategic 7.21% shareholder of CE Holdings, making it a competitor-plus-partner rather than a pure rival.
• NTT DATA: Large Japanese IT services group with healthcare offerings to hospitals, insurers and public-sector health clients. Comparable through hospital-systems business but typically positioned as a systems integrator in a much broader financial- and public-sector portfolio.
• M3 Inc. Sony Group-controlled Japanese health-tech platform built around m3.com and related services for physicians, life sciences and digital health. Comparable to CE Holdings on Japanese healthcare vertical and digital-health orientation, but with a platform/data model rather than installed-base EMR licenses.
• Fujitsu Limited: Major Japanese IT conglomerate offering the HOPE hospital information system, the historically dominant EMR/HIS in large Japanese hospitals. Overlaps with CE Holdings on EMR functionality and Japanese-hospital target market, but as part of a much broader enterprise IT portfolio.

Direct peers

• PHC Holdings: Tokyo-listed healthcare company combining medical devices with health-IT/EMR offerings for Japanese hospitals and clinical laboratories. Comparable to CE Holdings on EMR product category and Japanese hospital customer base, though with a broader medical-device portfolio.
• Software Service Inc. Japan's largest independent electronic medical record vendor, serving hospitals with the EGMAIN-GX EMR system and a direct B2B SI-led delivery model. Directly comparable to CE Holdings' MI·RA·Is on target customer (hospitals), product (EMR) and go-to-market (direct subsidiary sales plus nationwide partners).
• Medical Data Vision: TSE-listed Japanese healthcare data platform aggregating hospital and DPC claims data for analytics, drug-safety and clinical-research customers. Comparable to CE Holdings on healthcare vertical and partially overlapping hospital customer base, though more analytics-led than EMR-led.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@cehd4320

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about CE Holdings