First Accounting <5588> specializes in AI solutions in the accounting field (accounting AI business). The company's services consist of the Robota series, which modularizes algorithms related to AI-OCR and accounting entries, the Remota platform specialized in invoice processing with a user operation screen (GUI), and the Peppol access point service which sends and receives digital invoices.

One of the features of the Robota series is its high reading accuracy not only for standard document formats but also for non-standard document formats and handwritten documents. It also has functions such as sorting documentary images, cutting out multiple pieces of documentary evidence attached to a backboard, and checking if the read content is correct, in addition to simply entering the characters and numbers read from the document. It can also be used for expense settlement and invoice payment reconciliation. It is a SaaS-type cloud service where necessary products can be selected and combined according to the needs of automated accounting operations. Its billing system is based primarily on a monthly recurring revenue (MRR) for a period of one year or more, with variable charges based on the number of documentary evidence read.

Through increasing the number of companies adopting its services, promoting upselling and cross-selling to existing customers, and ensuring maximum revenue and minimum expenses, this company's revenue and operating profit continue to grow significantly. For the fiscal year ending in December 2024, it plans to achieve revenue of 1,653 million yen, an increase of 34.1% from the previous year, and operating profit of 167 million yen, an increase of 32.1% from the previous year. Its medium- to long-term goal is to achieve revenue of 10 billion yen and an operating profit margin of 10% by 2028.