Recently, it was revealed that a former employee of the Company had committed embezzlement, and in July 2023, based on the investigation report of the Investigation Committee, the Company announced measures to prevent recurrence and the disciplinary actions to be taken against the persons involved. In addition, in June 2023, an external organization pointed out that certain accounting procedures of the Company and its consolidated subsidiaries were questionable, and the Company established a Special Investigation Committee consisting of external experts, received the results of the Committee’s investigation, and afterwards announced in September 2023 measures to prevent recurrence and the disciplinary actions to be taken against those involved.
We deeply apologize to the customers, business partners, and shareholders of the Company and Group companies for the great inconvenience and concern this incident has caused.
The Company and Group companies will make every effort to prevent recurrence and restore trust so that such scandals will never occur again in the future.

In the environment surrounding the Company, in the information system industry, one of our core businesses, IT investment continued to show strength as the shift away from legacy systems and the social trend toward DX continued. In the construction industry, another of our core businesses, the number of new housing starts in FY2022 declined 0.6% from the previous year, turning from an increase last year to a decline, due to caution about rising mortgage interest rates and soaring housing material prices.
In this environment, the Group has been working to further enhance corporate value by increasing profits of each Group company, restructuring businesses through “selection and concentration,” and stabilizing the financial base, based on the three-year medium-term management plan starting from the fiscal year ended March 31, 2023.
As a result, for the fiscal year ended March 31, 2023, the Group’s consolidated net sales were approximately ¥30,500 million (+16% year-on-year), and operating profit was approximately ¥740 million (+210% year-on-year). For operating profit, the Group realized the highest level of profit since becoming listed, and was able to get off to a smooth start for the first fiscal year of the medium-term management plan.

While continuing to aim to become a “social problem-solving company” by using ICT technology and DX to efficiently and effectively improve the added value of social infrastructure and contribute to society, the Group will actively invest in its core businesses of consulting, system development, human resources, and geotechnical investigation and improvement, while establishing new businesses that can be expected to generate synergies with core businesses, and promoting research and development of new technologies to create new value.

The Group has a corporate culture that encourages one to broaden their horizons through the company and to boldly take on challenges without fear of failure in pursuit of one’s goals. Each and every employee holds aspirations and goals to contribute to society, and through their professional activities, they aim to challenge themselves, grow, and achieve their goals, thereby realizing spiritual and material wealth and enriching their lives to the fullest. We are united in our efforts to continuously enhance our corporate value so that our challenges and growth will accelerate the development of the Group and lead to the realization of a more affluent society.

We appreciate your continued understanding, support, and patronage.

ITbook Holdings Co., LTD.
Toshimori Mae