FPT and CAC Holdings Announce Establishment of UPSTRIDE Joint Venture in Japan

FPT Corporation and CAC Holdings—one of Japan’s leading IT service providers—have recently announced a joint venture to establish UPSTRIDE Joint Stock Company. The new company will focus on building, operating, and monitoring IT infrastructure, as well as deploying and developing technology products. The collaboration is expected to leverage the combined strengths in technology, expert workforce, product-service ecosystems, and global partner networks of both parties to effectively capture opportunities in Japan and the ASEAN region.

FPT and CAC Holdings establish UPSTRIDE Joint Stock Company to drive regional digital transformation

Under the agreement, FPT and CAC Holdings will establish UPSTRIDE Joint Stock Company in Tokyo, Japan, with CAC Holdings and FPT holding 51% and 49% of shares respectively. This model maximizes the complementary strengths between FPT’s deep technological capabilities and large-scale engineering resources, and CAC Holdings’ more than 60 years of experience in the Japanese market.

UPSTRIDE will focus on three strategic pillars: expanding and commercializing FPT’s products and solutions in Japan; building and delivering comprehensive IT infrastructure services (including operations, monitoring, and technical support) leveraging combined resources from Vietnam and Japan; and developing new areas such as GPU cloud services and semiconductor-related businesses, aligned with FPT’s long-term technology strategy.

Mr. Ryota Nishimori, President and Representative Director of CAC Holdings, described UPSTRIDE as a “global circulation of technology and talent”

Mr. Ryota Nishimori – President and Representative Director – CAC Holdings Corporation stated: “We are very pleased to establish the joint venture ‘UPSTRIDE’ in partnership with the FPT Corporation. Over the past 60 years, the CAC Group has built a strong technological foundation and customer base in Japan’s IT market. This joint venture represents a ‘global circulation of technology and talent,’ combining our accumulated business expertise with FPT Group’s strength in its abundant IT human resources.

With the aspiration embodied in the name ‘UPSTRIDE’—to move forward to a higher level—we look forward to working together with the FPT Group to create new value”.

Founded in 1966, CAC Holdings is a leading technology group in Japan with 22 member companies and nearly 5,000 employees. The company has expanded internationally to markets including the United States, Europe, China, and across Asia.

Mr. Nguyen Van Khoa, CEO of FPT Corporation, expressed his expectations for the synergy between FPT and CAC Holdings—one of Japan’s leading IT service providers

Speaking at the event, Mr. Nguyen Van Khoa, CEO of FPT Corporation, shared: “After more than two decades of presence in Japan, FPT has become one of the largest foreign-invested technology enterprises in this market, while affirming its pioneering position in Japan’s technology value chain. I believe that with our capabilities in research, development, and mastery of strategic technologies, the Made-by-FPT ecosystem addressing diverse digital transformation needs across key sectors, combined with CAC Holdings’ deep understanding of the Japanese market and global partner network, we will jointly deliver internationally standardized technology products and services to Japan and ASEAN”.

The partnership between FPT and CAC Holdings aims to meet the growing demand for digital transformation in Japan and ASEAN. According to Mordor Intelligence, Japan’s digital transformation market is projected to reach USD 236.48 billion by 2030, with a compound annual growth rate (CAGR) of 24.93% during the forecast period (2025–2030). Notably, as IT systems become increasingly complex, Japanese enterprises are shifting from self-operated models to managed services (IMS) to ensure performance, security, and cost optimization. At the same time, Japan considers semiconductors a strategic pillar of its digital economy and technological security. The Japanese government aims to increase domestic chip revenue to approximately USD 250 billion by 2040, multiple times its current level, to meet growing demand from AI, data centers, and smart automotive industries.

The partnership between FPT and CAC Holdings aims to meet the growing demand for digital transformation in Japan and ASEAN.

Meanwhile, IT infrastructure management services (IMS), semiconductor ecosystem development, and AI are among FPT’s core strengths. In IMS, FPT provides end-to-end monitoring and management services across IT infrastructure, application platforms, and information security, serving hundreds of large enterprises and multinational clients in Vietnam, Japan, South Korea, China, and the United States. In response to cloud computing trends, FPT has also launched Cloud Managed Services to help businesses build secure, internationally standardized cloud operating platforms.

In AI, FPT has established two AI factories in Vietnam and Japan. The “Made by FPT” AI ecosystem currently includes more than 80 products.

In semiconductors, FPT has over a decade of experience, developing a comprehensive ecosystem covering design, packaging, testing, and training, with a focus on power and power management chips. At the end of 2025, FPT delivered its first commercial batch of power chips to a leading Japanese electronics company through Restar, a major electronics distributor in Japan. Recently, FPT also established Vietnam’s first semiconductor testing and packaging factory fully operated by Vietnamese engineers.

FPT is a global technology corporation, actively investing in five strategic technologies: Quantum AI, Cybersecurity, UAV, Data, and railway technologies. AI is identified as a core focus, with investments spanning products, human resources, research, and infrastructure. In 2025, FPT recorded revenue of USD 2.66 billion, with over 54,000 employees across 30 countries and territories. In Japan, FPT currently has 5,000 employees working at 18 offices and R&D centers nationwide, along with more than 15,000 global experts dedicated to the Japanese market, providing technology services and solutions to over 450 clients worldwide.