Exeo Group agrees to buy IFS consultancy Alphast

Exeo Group agrees to buy IFS consultancy Alphast

27 October 2026: Exeo Group, a Tokyo group listed on the Prime market, has signed an agreement to buy shares in Alphast, a Tokyo consultancy that implements and runs IFS enterprise resource planning software for manufacturers. Alphast will become a consolidated subsidiary. Exeo did not disclose the price and says the effect on its consolidated results for the current year will be minor.

Not yet independently verified. Exeo's release does not state the stake to be bought, the price or the closing date. We have not seen a statement from Alphast. We will update this when it can be confirmed, and remove this note.

The release was published on PR TIMES by Exeo, whose head office is in Shibuya, on the day the share transfer agreement was signed.

What Alphast does

Alphast was founded on 13 May 2016 and is based in Marunouchi, Chiyoda, with capital of 20 million yen. Its representative director is Kentaro Iwahori. It works mainly for manufacturers that operate internationally, and covers the whole life of an IFS deployment: implementation consulting, system development, and operation and maintenance after go-live.

It has two subsidiaries, Alphast Thailand Co., Ltd. and Alphast America Inc., which Exeo highlights as giving the combined business the ability to support customers abroad.

Exeo's release describes IFS as ERP software used around the world, mainly by manufacturers, to run accounting, production, sales and maintenance in one system. We list IFS and its IFS Cloud suite, and our ERP consultant category holds 86 firms.

Why Exeo wants an ERP specialist

Exeo, founded in 1954 and led by president Keigo Kajimura, is listed under construction, and its medium-term plan for 2026 to 2030 sets out to raise the value of its system solutions business. The release says it is concentrating on ERP as the core platform that links a customer's operations, data and sites, and on adding generative AI and related solutions.

Exeo says Alphast brings deep IFS knowledge, a record of implementations and specialist staff, which it will combine with its own customer base and systems integration capacity. The aim is to support customers' core operations from proposal and implementation through to long-term operation and maintenance, and to add AI and low-code tools around the ERP and data integration between systems.

What IFS customers in Japan should ask

A customer that relies on Alphast for support will want to know whether its contract, team and service levels continue unchanged under Exeo, and whether Exeo's wider group becomes a subcontractor on its account. Customers in Thailand and the United States served through Alphast's subsidiaries should ask the same.

The release does not say when the share transfer will complete. Exeo says the two companies will work on expanding the business and on early synergies.

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Sources

• Exeo Group (via PR TIMES): Notice concerning the acquisition of shares of Alphast Co., Ltd. (Japanese), 27 October 2026