July 13, 2026 06:13 AM GMT Investor Presentation | Japan M Foundation IT & Software: AI-Driven and AI-Native Development Accelerate IT Service Company Efficiency: AI-Driven Margin Improvement Begins 0.0% 10.0% 20.0% 30.0% 40.0% FY1991 FY1997 FY2003 FY2009 FY2015 FY2021 FY1991 20.99% FY2023 30.50% FY2024 33.54% Source: JISA "Basic Statistical Survey of Information Technology Services Industry", Morgan Stanley Research Morgan Stanley MUFG Securities Co., Ltd.+ Tetsuro Tsusaka, CFA Equity Analyst Tetsuro.Tsusa ...