Top 10 Japanese Stock Rankings from the Perspective of Accounting DX

[A word from Yuki-kun @ Amateur Investor & Qualification Collector]

Nice to meet you, I'm Yuki-kun. I'm just an ordinary young man who spends his days studying for certifications and analyzing stocks. This time, I have ranked some interesting Japanese stocks from the perspective of accounting DX, based on my own judgment and bias. While this is strictly from an amateur's point of view, I have carefully selected companies that seem likely to ride the waves of the current era by reading through financial statements and securities reports. Investing is at your own risk, but I would be happy if this could serve as a hint for building your portfolio.

1st Place: Money Forward [3994]
Profitability ★★★★★★★☆☆☆
Growth Potential ★★★★★★★★★★
Undervaluation ★★★☆☆☆☆☆☆☆
Popularity ★★★★★★★★★☆
As of the latest 2026 information, the penetration of cloud accounting has become a catalyst for revamping corporate back offices. The stock revenue, which is the strength of the SaaS business model, provides excellent stability. By utilizing fintech through API integration, workflows from journal entry to closing operations are automated, leading to significant productivity improvements. The company accurately captures market needs following the introduction of the Electronic Book Preservation Act and the Invoice System, and further growth in subscription sales is expected.

2nd Place: freee [4478]
Profitability ★★★★★☆☆☆☆☆
Growth Potential ★★★★★★★★★☆
Undervaluation ★★★★☆☆☆☆☆☆
Popularity ★★★★★★★★☆☆
Its share as an integrated accounting software is solid. In particular, the upsell strategy from sole proprietors to small and medium-sized enterprises is proving successful. The improvement in automatic journal entry accuracy through AI reduces human resources for accounting staff and contributes to data utilization for management decisions. Entry into the ERP domain is also progressing steadily, and the expansion of ARPU is accelerating through the provision of high-value-added solutions such as consolidated accounting and management accounting.

3rd Place: RAKUS [3923]
Profitability ★★★★★★★★☆☆
Growth Potential ★★★★★★★★☆☆
Undervaluation ★★★★☆☆☆☆☆☆
Popularity ★★★★★★★☆☆☆
The benefits of DX brought by Rakuraku Seisan are immeasurable. Going paperless for expense reimbursement also leads to strengthened internal controls and is highly regarded by audit firms. Its level of establishment as infrastructure is very high, and its low churn rate is a notable strength. It has realized workflow optimization and improved its ability to generate operating cash flow. It can be called an excellent stock that continues to grow profits steadily while being at the center of the trend of accounting DX.

4th Place: OBIC [4684]
Profitability ★★★★★★★★★★
Growth Potential ★★★★★★☆☆☆☆
Undervaluation ★★★☆☆☆☆☆☆☆
Popularity ★★★★★★★☆☆☆
The OBIC7 series is a staple for ERP for mid-sized and large companies. It maintains a high operating profit margin, and the soundness of its financial base is top-class. Its competitive advantages are the flexibility of customization in system implementation and high customer satisfaction due to its direct sales system. Amidst accelerating DX investment, it is reliably capturing demand for migration from aging legacy systems. Its shareholder return stance, such as high dividend policies and share buybacks, is also an attractive feature of this stock.

5th Place: Sansan [4443]
Profitability ★★★★★★☆☆☆☆
Growth Potential ★★★★★★★★★☆
Undervaluation ★★★☆☆☆☆☆☆☆
Popularity ★★★★★★★★☆☆
Beyond the scope of business card management, it is promoting the digitalization of accounting operations through invoice management and invoice receipt services. The horizontal expansion from sales DX to back-office DX has been successful, expanding its TAM. The increase in the number of corporate contracts is raising the top line of sales, and its platform strategy is paying off. It is a next-generation platformer that can be expected to create further new services through the utilization of data assets.

6th Place: Oro [3983]
Profitability ★★★★★★★☆☆☆
Growth Potential ★★★★★★★☆☆☆
Undervaluation ★★★★★★☆☆☆☆
Popularity ★★★★★★☆☆☆☆
The cloud ERP 'ZAC' enables the unification of project management and accounting. Its strengths in the advertising and IT industries are particularly notable, making segment-based profit management easier. In addition to reducing man-hours for accounting tasks, it improves the speed of management improvement by increasing the real-time nature of profit and loss management. While maintaining a high-profit structure through a niche-top strategy, it continues to grow steadily with its DX consulting capabilities as a strength.

7th Place: Miroku Jyoho Service [9928]
Profitability ★★★★★★★☆☆☆
Growth Potential ★★★★★☆☆☆☆☆
Undervaluation ★★★★★★★☆☆☆
Popularity ★★★★★☆☆☆☆☆
Its solid customer base, built on a network of tax accountants and certified public accountants, is its greatest feature. System supply for accounting firms is extremely stable, and its nature as a stock business is very high. Its speed in responding to legal revisions is the best in the industry, and it overwhelms others with its brand value of reliability. In recent years, it has also strengthened direct sales to mid-sized companies, aiming to further stabilize its earnings base by increasing the ratio of stock revenue.

8th Place: Safie [4375]
Profitability ★★★★☆☆☆☆☆☆
Growth Potential ★★★★★★★★★☆
Undervaluation ★★☆☆☆☆☆☆☆☆
Popularity ★★★★★★☆☆☆☆
Cloud recording cameras are playing a part in DX for crime prevention and operational efficiency. Usage in the retail and construction industries is progressing, and the visualization of sites also contributes to accounting-related loss management. With the addition of AI-based video analysis, it also contributes to the efficiency of store flow management and inventory work. The subscription model combining hardware and software has significant room for future expansion, making it a stock with high growth expectations.

9th Place: Oracle Japan [4716]
Profitability ★★★★★★★★★★
Growth Potential ★★★★★☆☆☆☆☆
Undervaluation ★★★☆☆☆☆☆☆☆
Popularity ★★★★★★☆☆☆☆
As a global company in database technology, it is strengthening its cloud ERP solutions. Its strength in multi-language and multi-currency support, unique to global companies, is indispensable for Japanese companies expanding overseas. It also has a high ROE and conducts management that emphasizes capital efficiency. As the core of digital transformation, its advantage in being able to secure large-scale IT budgets is unshakable.

10th Place: Cybozu [4776]
Profitability ★★★★★★☆☆☆☆
Growth Potential ★★★★★★★★☆☆
Undervaluation ★★★☆☆☆☆☆☆☆
Popularity ★★★★★★☆☆☆☆
Building business apps with kintone has dramatically changed corporate accounting operations. Tools that can be developed even by non-engineers are realizing DX from the field. It supports flexible digitalization of the back office, such as invoice issuance management and approval workflows. It has strong support from companies promoting work-style reform, and its overseas expansion is also in full swing. Its high flexibility and scalability meet the needs of diverse business sites.

[Yuki-kun @ Amateur Investor's thoughts on the content]

How was this ranking? The accounting field is plain, but it's the place where numbers move most realistically, isn't it? I think it's cool that the time created by efficiency supports management decision-making. While utilizing my knowledge of bookkeeping and FP, I am challenging myself to read between the lines of financial results summaries and securities reports. I will continue to verify what kind of financial results these stocks will produce in 2026 and how their PER and PBR will transition. I wish you all a good investment life!