IT Services Sector Industry expert’s views on domestic security market in AI era

Research evidence excerpt

IT Services Sector Industry expert’s views on domestic security market in AI era

J P M O R G A N Asia Pacific Equity Research

26 June 2026

IT Services Sector

Industry expert’s views on domestic security market in

AI era

On June 26, we hosted a seminar with Mitsuharu Ishikawa, who oversees information Japan Equity Research

security at SCSK, on Japan’s security market in the AI era and the value-added

IT Services and Telecoms

provided by systems integrators. Mr. Ishikawa noted that 90% of global email attacks

had targeted Japan as of July 2025, and while the language barrier had once served as Matthew Henderson AC

a firewall, this defensive function has been eliminated by generative AI. He explained (81-3) 6736-8831

matthew.henderson@jpmorgan.com

that the arrival of advanced inference AI such as Claude Mythos has enabled

Technology - Consumer Electronics/

autonomous vulnerability detection and attack code generation, and faster Industrial Electronics/Precisions

independent action after intrusion than humans can recognize. Mr. Ishikawa also said AC Junya Ayada

that Anthropic’s launch of Project Glasswing, followed by the US government’s

(81-3) 6736 8631

imposition of export controls, has raised the Japanese government’s sense of urgency. junya.ayada@jpmorgan.com

• Current measures and investment scale: According to Mr. Ishikawa, the JPMorgan Securities Japan Co., Ltd.

security budgets of Japanese companies amount to only about 1% of sales, but

they need to be 2–3x higher to reach global levels. Required measures include

the (1) application of patches in real time; (2) comprehensive management of

IT assets and vulnerabilities (e.g., software bill of materials); (3) automation

of detection and response by using AI to perform security operations center