Densan Co. acquires Nihon Exa System

SEPTEMBER 8, 2026

Densan Co., Ltd. acquires Nihon Exa System

TARGET

ERP and business-system development software for manufacturing, distribution, pharmaceutical, and trading companies, covering sales, logistics, production, and cost management.

Ownership	Founder-owned
Headcount	110 FTEs
Headquarters	Tokyo, Japan
Leadership	Ito Masaru, 代表取締役 (Representative Director / CEO)
Sell-side advisor	—

ACQUIRER

Densan Co., Ltd.

Nagano-based information services company offering software development, system design, and IT services to public-sector bodies and private enterprises in Japan.

Ownership	Publicly traded (TSE: 3640)
Headcount	702 FTEs
Headquarters	Nagano, Japan
Buy-side advisor	—

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Densan Co., Ltd. -> Nihon Exa System  (2026-09-11)
strategic_acquisition | Industrial/Manufacturing | announced
Target: ERP and business-system development software for manufacturing, distribution, pharmaceutical, and trading companies, covering sales, logistics, production, and cost management.
Website: j-exa.co.jp | Buyer site: ndensan.co.jp
HQ: Tokyo, Japan | Ownership: founder-owned | Buyer ownership: public (TSE: 3640)
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/densan-co-ltd-nihon-exa-system.html

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