Mitsubishi Research Institute, Inc. (President and CEO: Kenji Yabuta, hereinafter "MRI") has conducted a "Survey on DX Progress" targeting 1,000 employees at private domestic companies in Japan with annual sales exceeding 10 billion yen. This fifth iteration of the survey examines the current state of digital transformation (DX) in Japanese companies and analyzes how the adoption of generative AI and AI agents is transforming corporate management, business processes, organizational structures, infrastructure and controls, and resource allocation. 1. Background For the first time since the survey began in 2021, this year's results show that the proportion of companies in the business transformation phase has surpassed those in the digitization phase. This shift suggests that the use of generative AI and AI agents is beginning to extend beyond individual task support to the redesign of business operations and organizational structures. In this report, MRI characterizes this emerging corporate state as "AI-First" and analyzes its current reality. Prepared by Mitsubishi Research Institute Apply for the DX Survey Report 2026 "Transitioning to AI-First Management: From Business Redesign to Resource Reallocation" Related Event: "Explained! DX Survey Report 2026 'Transitioning to AI-First Management' (WEB event on Jul 29)" here 2. Overview The main findings of this report are as follows: Prepared by Mitsubishi Research Institute (1) DX is advancing once again: Business transformation surpasses digitization for the first time The proportion of companies in the business transformation phase reached 40.2%, exceeding the 36.9% in the digitization phase for the first time. This indicates that DX initiatives are broadening in focus—from business process reform to the introduction and enhancement of business systems—and that DX is transitioning into a practical implementation phase. (2) While consideration of AI-First is spreading, deep integration into core operations faces barri