CAC Holdings

What CAC Holdings does

CAC Holdings Corporation (株式会社CAC Holdings, TSE Prime: 4725) is a Tokyo-headquartered pure holding company established in 1966 and reorganized into a holding-company structure in 2014. The group operates 22 consolidated subsidiaries (9 domestic, 13 overseas) employing 4,764 people and delivers IT services — primarily system development, system integration, managed services, cybersecurity, and BPO — through its core operating subsidiary 株式会社シーエーシー (CAC Co., Ltd.). Reported consolidated revenue for the fiscal year ended December 2025 is ¥50,588 million, with a paid-in capital base of ¥3,702 million.

The group's technology portfolio spans a proprietary AI stack including voice emotion AI (Empath, acquired April 2023), facial-expression animation AI (DeepEmo), generative AI agents for software development (AZAREA Agent+), a manufacturing AI platform (OCTOps), and an AI-OCR SaaS service. These are complemented by adjacent offerings such as cloud ECG analysis (MHeart), BPaaS for HR/payroll (WorkSync), a Zabbix-based integrated monitoring solution, and identity-governance/endpoint-security services built on third-party platforms (Microsoft Intune, SailPoint). International delivery is anchored by Inspirisys Solutions (India, NSE/BSE-listed) and Mitrais (Indonesia).

Revenue is generated primarily through professional services for enterprise IT and a growing mix of subscription and usage-based SaaS (Beluga Box SaaS at ¥0.2/minute, AI-OCR annual plans). Distribution combines direct enterprise sales by subsidiary operating companies, self-serve SaaS sites, integration partnerships (Com.Design CTI, AWS), and a planned FPT IS (Vietnam) joint venture targeting ASEAN and Japan markets. Strategic priorities articulated in FY2025 include ¥10B+ revenue from AI new-business creation under CAC identity, expansion of global delivery capacity, and a DOE-based dividend policy targeting 5% return on equity.

Name

CAC Holdings

Legal name

株式会社CAC Holdings

Website

https://cac-holdings.com

Company type

Public

Founded year

1966

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CAC Holdings is a Tokyo-based pure holding company (founded 1966, TSE Prime: 4725) operating 22 subsidiaries that deliver enterprise IT services, system integration, and AI SaaS products — including Empath voice emotion AI, DeepEmo, OCTOps, and AZAREA Agent+ — to financial, pharmaceutical, manufacturing, healthcare, and public-sector clients in Japan, India, and ASEAN markets.

Ownership category

akta.pro rank

Product category

IT Services

NAICS

Management of Companies and Enterprises (551), Management of Companies and Enterprises (55111)

akta.pro primary industry

Technology, Software & IT Services (FSABACAJ)

akta.pro secondary industry

B2B SaaS & Enterprise Personalization (CRM, Sales, Support) (HDAAAGAJ)

Keywords

• IT services
• System integration
• AI software products
• Managed services
• Business process outsourcing

Headquarters

HQ city

Chuo

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. IT Services (System Development & Integration): CAC group's core business — system development, system integration, and related IT services delivered through the main operating subsidiary 株式会社シーエーシー (CAC Co., Ltd.) and other group companies. Services include software development, IT infrastructure, cloud services, cybersecurity, and managed services.
2. AI & Digital Product/Services: CAC identity and group companies generate revenue from AI-powered SaaS products including emotion AI, AI-OCR, BPaaS, and DX platforms. These are sold as subscriptions or usage-based services. The group targets ¥10B+ revenue from AI new businesses via the 'league system' within CAC identity.
3. Holding Company Management Fees & Group Oversight: As a pure holding company, CAC Holdings generates revenue primarily through dividends, management fees, and the performance of its consolidated subsidiaries. Consolidated revenue is ¥50,588 million for FY2025 (December period).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

CAC Holdings operates as a pure holding company (TSE Prime: 4725) overseeing 22 subsidiaries that deliver end-to-end IT services — system development, system integration, managed services, and business process outsourcing — alongside proprietary AI-driven products such as AZAREA Agent+ (development AI agent), Beluga Box (data integration SaaS), OCTOps (manufacturing DX AI platform), Empath/DeepEmo (voice emotion AI), and AI-OCR. Group revenue of approximately ¥90.4 billion is generated from enterprise clients across pharmaceuticals, finance, manufacturing, and distribution in Japan and globally.

Differentiator

Problem solved

Functional benefit

Products and services

• AZAREA Agent+ A proprietary generative AI development agent product offered to enterprise engineering teams to accelerate software development tasks and code generation.
• Beluga Box A SaaS data integration and AI analytics platform used by enterprises to consolidate and operationalize data across business systems.
• OCTOps An AI-driven manufacturing digital transformation (DX) platform deployed by manufacturing enterprises to optimize production and operational processes.
• DeepEmo A voice emotion AI product for B2B customers that analyzes emotional signals from voice to support applications such as call center quality, mental wellness, and interview practice.
• Kachimen! A consumer-facing AI interview practice application that uses voice emotion AI to give interview feedback to job seekers.
• AI-OCR Service A SaaS-based optical character recognition (OCR) service used by enterprises to digitize and process paper or image-based documents with AI accuracy.
• WorkSync A BPaaS offering combining business process management and technology to deliver outsourced business operations to enterprise clients.
• WithGrow A service that provides IT talent sharing and staffing, allowing enterprises to augment engineering capacity with CAC Group resources.
• System Integration Services End-to-end system development and integration services delivered by CAC Group subsidiaries to enterprise clients, including GxP/GMP-compliant system development for pharmaceutical companies.
• Managed Services Ongoing managed IT services including integrated monitoring (built on Zabbix), operations, and infrastructure support for enterprise clients.
• Business Process Outsourcing (BPO) Outsourced business process services delivered by CAC Group companies, supporting enterprise clients across back-office, finance, and operations functions.

Quantifiable outcome

• Consolidated revenue of ¥505.88 billion for FY2025
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability9 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• FPT IS COMPANY LIMITED (Vietnam)coreStrategic or Co-development Partner · 17 July 2025CAC Holdings and FPT IS signed a memorandum of understanding (MOU) on July 17, 2025, to establish a joint venture company targeting the Japanese market. Planned business areas include: infrastructure management services, localization and commercialization of FPT products, distribution of FPT products and solutions, expansion of FPT/CAC products to global markets, and IT operations, monitoring, helpdesk, and semiconductor design. FPT IS is a leading Vietnamese ICT company with US$2.47 billion revenue in 2024 and 54,000 employees, operating in 25 countries for 30+ years.
• Fukuda Electronics (フクダ電子)coreStrategic or Co-development Partner · 30 May 2025Fukuda Electronics, a leading respiratory and circulatory medical device company (headquartered in Bunkyo-ku, Tokyo), invested in M_Heart Co., Ltd., a 100% subsidiary of CAC (シーエーシー), to accelerate M_Heart's ECG cloud analysis service quality and expand domestic and international business. Fukuda Electronics holds a partial equity stake in M_Heart following the transaction.
• TechBowl (株式会社TechBowl)minorStrategic or Co-development Partner · 28 August 2023CAC group (via シーエーシー) made a capital investment in TechBowl, supporting the EdTech company developing programming education and training services.
• Shiga University (滋賀大学)minorStrategic or Co-development Partner · 14 July 2023CAC and Shiga University signed a cooperation agreement in data science field to promote joint research and human resource development. The partnership supports collaborative research initiatives and talent cultivation in data science.
• Empath (株式会社 Empath)coreTechnology or Integration · 13 April 2023CAC acquired voice analysis AI business from Empath in April 2023. Empath's voice emotion analysis technology was integrated into CAC's product portfolio and subsequently featured in CAC identity's service lineup. The technology underpins multiple AI products including Beluga Box SaaS and DeepEmo.
• Japan Master Trust Bank (日本マスタートラスト信託銀行)minorOthers · 4 April 2023CAC provides 'C*HRs' HR and benefits administration BPO services to Japan Master Trust Bank, handling salary and benefits administration tasks.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• NEC Corporation: Large Japanese technology conglomerate with significant IT services, AI/biometrics, and public sector offerings; competes with CAC in enterprise IT and adjacent technology consulting.
• NTT Data Group: Largest Japanese system integrator with global operations; competes with CAC on enterprise system integration contracts and represents the upper-end scale benchmark for Japanese SI services.
• Fujitsu Limited: Global Japanese technology company with broad services, hardware, and software offerings including AI services — a large Japanese incumbent where CAC competes in the system development and IT services space.
• Infosys Limited: Global Indian IT services leader providing system integration, BPO, and digital services globally — directly comparable to CAC's India-based subsidiary Inspirisys Solutions and its enterprise IT delivery model.

Direct peers

• Otsuka Corporation: Japanese SMB-focused IT services company offering system development and SaaS products; comparable as a Japanese SI that also builds proprietary software products alongside services revenue.
• TIS Inc. Japanese mid-tier IT services holding company with similar revenue scale (~$3B range) and diversified operating-subsidiary structure spanning system integration, BPO, and SaaS — directly comparable to CAC Holdings' pure holding-company IT services model.
• SCSK Corporation: Japanese IT services company providing system development, cloud, and managed services to enterprises, with similar size profile and similar mix of custom system integration plus emerging SaaS offerings.
• Internet Initiative Japan (IIJ): Japanese network and IT services company with comparable enterprise IT services portfolio including cloud, security, and managed services, overlapping directly with CAC's cloud infrastructure and managed services offerings.
• FPT Corporation: Vietnamese IT services giant ($2.47B revenue) that is both CAC Holdings' FPT IS joint venture partner and a direct comparable in global IT services delivery, AI products, and ASEAN expansion strategy.
• Nomura Research Institute (NRI): Japanese IT solutions and consulting firm with strong financial services IT services presence and similarly diversified offerings in consulting, system integration, and platform services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about CAC Holdings