Capital Asset Planning

What Capital Asset Planning does

Capital Asset Planning, Inc. (CAP) is a Japanese financial technology company founded in 1990 and headquartered in Osaka, listed on the Tokyo Stock Exchange Standard Market (TYO: 3965). The company specializes in the integration of Financial Technology (FT) and Information Technology (IT) to deliver front-end systems, asset management platforms, and digital transformation solutions primarily to Japanese life insurance companies (serving 30 of 41 domestic carriers), banks, securities firms, and independent financial advisors. Its core platform, the Wealth Management Workstation (WMW), tracks over ¥5 trillion in registered customer assets and is supplemented by the Design Your Goal (DYG) goal-based planning system, the CAP Library calculation engine, and a growing suite of consumer-facing apps including Life Sweet and Investopia.

CAP's technology stack centers on a proprietary calculation engine (CAP Library) that handles life insurance, securities, life planning, and tax/social security simulations, updated annually with the latest Japanese tax regulations. The company has built complementary AI capabilities, including the generative AI document review service LibelliS (launched May 2025), AI-OCR unlisted stock valuation tool Dr. Stock (developed with University of Tokyo Matsuo Lab startup Elith), and recommendation/predictive analytics embedded in WMW and DYG. All platforms are delivered via AWS-based cloud infrastructure.

CAP operates a hybrid revenue model combining custom system development (professional services) with recurring SaaS platform licensing for WMW, DYG, Life Sweet, Investopia, and CAP Library. The company also runs an asset management consulting business through subsidiary Wealth Engine (established June 2024, family office focus) and a joint venture Trust Engine (June 2025, 51% stake with Taiwanese partner SoftBI for IFA-focused asset management platforms). FY2025 (year ended September 2025) revenue was ¥9.689 billion, up 18.5% year-over-year, with operating profit of ¥530.6 million. The company employs 397 people consolidated across offices in Osaka (HQ), Tokyo, and Fukuoka.

Name

Capital Asset Planning

Legal name

Capital Asset Planning, Inc.

Website

https://cap-net.co.jp

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

251–500 employees

Short description

Capital Asset Planning is a Japanese financial technology company that develops cloud-based asset management, life planning, and digital transformation platforms for Japanese life insurers (30 of 41 domestic carriers), banks, securities firms, and IFAs, anchored by its WMW platform and CAP Library calculation engine.

Ownership category

akta.pro rank

Product category

Financial Technology Software

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Target-Risk / Risk-Profile Model Portfolios (FSAAAJAD)

akta.pro secondary industry

Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF)

Keywords

• Wealth management software
• Financial front-end systems
• Life insurance technology
• Asset management platforms
• Financial calculation engines

Headquarters

HQ city

Osaka

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. IT Solutions (System Development): Custom system development services for financial institutions including life insurance companies, banks, and securities companies. Services range from conceptualization to implementation and evaluation, including cloud migration to AWS.
2. SaaS / Platform Licensing: Usage-based licensing revenue from platforms including WMW, DYG, Life Sweet, Investopia, and CAP Library. Financial institutions pay for use of the integrated asset management platform and calculation engines.
3. Consulting Services: Tax management and asset management consulting services for corporate managers, wealthy individuals, and professionals. Services include business succession and property inheritance solutions.
4. Asset Management Services: Family office business through subsidiary Wealth Engine, providing asset management advisory services to wealthy individuals and corporate managers.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Capital Asset Planning develops and sells IT solutions and SaaS platforms for Japanese financial institutions, focused on financial retail front-end systems. Its core products include the Wealth Management Workstation (WMW), goal-based planning tools (DYG), simulation apps, and the proprietary CAP Library calculation engine, alongside custom system development, consulting, and asset management services via its Wealth Engine subsidiary.

Product overview

Capital Asset Planning offers a platform-plus-modules architecture centered on the Wealth Management Workstation (WMW), an integrated asset management platform. The core offering is supplemented by goal-based planning system DYG, smartphone app Life Sweet, generative AI document checking service LibelliS, and investment proposal tool Investopia. All simulation systems are powered by the proprietary CAP Library calculation engine, which handles complex tax and insurance calculations and is updated annually with the latest tax regulations. The company also provides design solutions as an additional service module.

Differentiator

Problem solved

Functional benefit

Brands

• WMW (Wealth Management Workstation): Integrated asset management platform for managing customer portfolios including financial assets, company stocks, real estate, and insurance
• DYG (Design Your Goal)
• Life Sweet
• LibelliS
• Investopia
• CAP Library
• Dr. Stock
• W2C

Products and services

• Wealth Management Workstation (WMW) Integrated asset management platform that manages customer portfolios including financial assets, insurance, company stock, and real estate. Provides portfolio analysis, risk tolerance matching, and optimal portfolio proposals with primary and secondary inheritance tax calculations.
• Design Your Goal (DYG) Goal-based planning system that designs life events for diverse life paths and calculates the achievability of goals, supporting financial planning for banks and securities customers.
• Life Sweet Smartphone life plan simulation app that links with automatic household accounting and analyzes account information from multiple financial institutions to enable comprehensive life plan simulations.
• LibelliS Generative AI-powered service that checks and evaluates insurance solicitation documents (leaflets, etc.) against various regulations and guidelines, reducing compliance review time and preventing oversight.
• Investopia 24-hour support tool for NISA and iDeCo system explanations and asset allocation simulations. Integrates data from multiple life insurance company systems via API into a cloud data warehouse.
• CAP Library Proprietary calculation engine for life insurance, securities, financial planning, and tax social security system simulations. Updated annually with the latest tax regulations and used as the core engine across most simulation systems.
• Dr. Stock AI-OCR technology solution for evaluating unlisted company stocks. Reads content from financial statements and calculates fair value of non-listed shares. Co-developed with Elith Inc.
• W2C Generative AI-powered investment proposal app supporting financial advisors in creating personalized investment recommendations.
• IT Solution Consulting Services Custom system development services for financial institutions including life insurance companies, banks, and securities companies. Services range from conceptualization to implementation and evaluation, including cloud migration to AWS.
• Tax and Asset Management Consulting Tax management and asset management consulting services for corporate managers, wealthy individuals, and professionals. Services include business succession and property inheritance solutions.
• Wealth Engine Family Office Services Family office business through subsidiary Wealth Engine, providing asset management advisory services including business succession, property inheritance, and multi-generational wealth management to wealthy individuals and corporate managers.

Quantifiable outcome

• 30 of 41 domestic life insurance companies use the company's systems
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered minor, core and strategic.

• Osaka University Graduate School of EconomicsminorOthers · 1 October 2025Established donation course at Osaka University Graduate School of Economics since October 2025.
• Keio University Graduate School of Business AdministrationminorOthers · 1 October 2025Established Family Business/Family Office Next-Generation Training Course at Keio Business School since October 2025.
• Trust Engine Co., Ltd.coreStrategic or Co-development Partner · 1 June 2025Joint venture company established in June 2025 with Taiwanese fintech company SoftBI. Capital: CAP 51%, SoftBI 49%. Develops and provides asset management platforms for IFAs and financial institutions. Uses systems developed by CAP group for wealth management services.
• Elith Inc. (University of Tokyo Matsuo Laboratory startup)strategicStrategic or Co-development Partner · 1 December 2024Business partnership with Tokyo University Matsuo Laboratory startup. Jointly developing 'Dr. Stock' - an AI-OCR solution for unlisted company stock evaluation using AI to read financial statement content and calculate fair values.
• University of Tokyo Graduate School of Economics (柳川研究室)minorOthers · 1 October 2024Established donation course at University of Tokyo Graduate School of Economics since October 2024.
• SoftBI (Taiwan)coreStrategic or Co-development Partner · 1 August 2024Taiwanese fintech company holding 80% market share in wealth management platforms in Taiwan. Business partnership and joint venture (Trust Engine) for IFA-focused asset management platform development and provision.
• Wealth Engine Co., Ltd.coreStrategic or Co-development Partner · 1 June 2024Wholly owned subsidiary established in June 2024 for multi-client family office business. Provides business succession, property inheritance, and asset management consulting using generative AI and the company's asset management platform.
• Aoyama Estate Network Co., Ltd. (株式会社青山財産ネットワークス)strategicStrategic or Co-development Partner · 1 February 2019Capital and business partnership for estate planning and asset management services.
• Money Forward Co., Ltd.strategicStrategic or Co-development Partner · 1 September 2018Business partnership for joint development of comprehensive asset formation advice system. Combined CAP's financial technology with Money Forward's household accounting technology.
• Inform Inc. (株式会社インフォーム)strategicStrategic or Co-development Partner · 1 April 2018Capital and business partnership established April 2018. Became consolidated subsidiary in January 2019. Provides IT support services, employee replacement services, and PMO support services for life and non-life insurance businesses.
• Hitotsubashi University Graduate School of International Corporate StrategyminorOthers · 1 April 2012Established donation course at Hitotsubashi University since April 2012 for executive education and research collaboration.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Broadridge Financial Solutions: Broadridge is a global financial technology leader providing communications, processing, and technology solutions to banks, broker-dealers, and asset managers. While much broader in scope, Broadridge serves many of the same financial institution segments as CAP and represents the type of global incumbent CAP competes against for digital transformation budgets.
• Temenos: Temenos is a global banking software platform serving retail, wealth, and corporate banking with composable cloud-native solutions. While broader than CAP and primarily targeting banks globally, Temenos competes for the same wealth management and digital transformation budgets and represents the kind of global incumbent CAP may face in APAC expansion.
• NTT Data: NTT Data is a global IT services giant with a substantial Japanese financial services practice providing core banking, insurance, and securities systems. While much larger and broader than CAP, NTT Data competes for the same Japanese financial institution IT modernization budgets and serves as a benchmark for cloud migration services in the sector.
• SS&C Technologies: SS&C is a global financial services software company providing portfolio management, accounting, and wealth management solutions to asset managers, hedge funds, and financial institutions. While focused on back-office and institutional asset management rather than retail front-end systems like CAP, SS&C's wealth management platform represents an adjacent competing suite for financial institution clients.
• FIS (Fidelity National Information Services): FIS is a global financial services technology provider serving banks, capital markets, and wealth management firms with core processing, digital, and risk solutions. While much larger and broader than CAP, FIS's wealth and retirement solutions compete in adjacent financial institution technology segments globally and represent the scale CAP could aspire to in international expansion.

Direct peers

• Avaloq (NEC): Avaloq is a Swiss-based wealth management software platform (acquired by NEC in 2020) serving banks and wealth managers globally with portfolio management, advisory, and compliance tools. Avaloq's core wealth management workstation functionality directly competes with CAP's WMW platform in target use cases, particularly for international financial institutions.
• Nomura Research Institute: NRI is one of Japan's largest IT services firms with a major focus on financial institutions, particularly securities companies, providing trading systems, retail banking platforms, and asset management solutions. Like CAP, NRI has decades-long relationships with Japanese financial institutions and offers both custom development and packaged solutions for the same target customer base.
• TIS Inc. TIS Inc. is a major Japanese IT services company with a dedicated financial services business unit serving banks, securities firms, and insurance companies with core systems and front-end solutions. Both companies compete for IT modernization and digital transformation engagements in the Japanese financial sector with comparable offerings.

Emerging players

• WealthNavi: WealthNavi is Japan's largest robo-advisor providing automated wealth management services to retail customers, with ¥1.5 trillion+ in AUM. While operating in the B2C robo-advisory space rather than B2B institutional software like CAP, WealthNavi represents an alternative wealth management delivery model that financial institution clients of CAP could choose instead of traditional advisor-led platforms.
• Money Forward: Money Forward is a Japanese fintech providing personal financial management, accounting, and HR/payroll cloud software with household account-linking capabilities (referenced as CAP's business partner). While focused on consumer/SMB rather than institutional wealth management like CAP, Money Forward's household accounting technology directly integrates into CAP's Life Sweet app, making it both partner and partial competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@user-hl9ed2bo6b

Compliance6 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

Investments

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

Frequently asked questions about Capital Asset Planning