Source disclosure: February 26, 2026, 10:30 JST
ELEMENTS,Inc. [5246.T]
TOKYO, Feb 26 (Pulse News Wire) -- ELEMENTS, Inc., operator of the leading eKYC service “LIQUID eKYC,” has detailed its business plans and growth potential for fiscal years through 2024. The company reported that its flagship product, which has maintained the top spot in the domestic market for six consecutive years, now accounts for approximately 70 percent of total sales revenue.
Founded in December 2013, ELEMENTS has steadily grown by integrating advanced technologies such as biometric authentication and image analysis into its services. In 2018, the company launched its AI cloud platform (IoP Cloud), marking the beginning of rapid expansion. Key milestones include the acquisition of Admedica Corporation in 2025 and Polarify Corporation, which was acquired for ¥1,539 million in March 2025, bringing ELEMENTS' ownership stake to 95.01%.
The company’s core online identity verification service (eKYC) offers significant advantages over traditional methods. By automating the process using facial recognition technology, it reduces costs associated with manual checks and eliminates human errors. This digital approach also enhances security while streamlining user experiences across various applications. The economic model for this service is based on an initial fee, fixed monthly charges, and variable pricing according to usage volume, generating more than 95 percent of the company's revenue.
In addition to maintaining leadership in the eKYC sector, ELEMENTS aims to leverage its expertise in data processing and GPU management to further optimize its operations. These capabilities enable the company not only to achieve high completion rates but also to reduce operational expenses significantly. For instance, the integration of Polarify’s systems allowed ELEMENTS to cut communication fees nearly in half and substantially lower licensing costs for AI models.
Looking ahead, ELEMENTS intends to capitalize on synergies between its application development and infrastructure offerings. This hybrid strategy will enhance customer engagement and facilitate cross-selling opportunities within a vertically integrated value chain. Furthermore, collaborations with organizations like the National Institute of Advanced Industrial Science and Technology aim to drive down costs related to AI models and chips, thereby strengthening ELEMENTS’ competitive edge in the marketplace.
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