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Broadleaf (3673) investor relations material
Broadleaf Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the first nine months of FY2025 rose 17.5% year-over-year to ¥15,231 million, driven by growth in subscription-based software, cloud services, and strong PC replacement demand.
Operating income and profit attributable to owners increased more than fivefold compared to the same quarter last year, with operating profit at ¥1,492 million (+418.3% YoY) and profit attributable to owners at ¥872 million (+442.5% YoY).
Revenue delayed by IT subsidy approvals was largely recognized in Q3, supporting a steady rise in cloud adoption.
The company is executing a medium-term plan focused on cloud penetration and service expansion, with a systematic transition from packaged to cloud-based software.
Risk mitigation efforts include securing external engineering resources through partner companies.
Financial highlights
Q3 cumulative revenue: ¥15,231 million (+17.5% YoY); operating profit: ¥1,492 million (+418.3% YoY); profit attributable to owners: ¥872 million (+442.5% YoY).
Gross profit increased 17.2% YoY to ¥9,857 million; SG&A expenses rose 3.0% YoY.
Basic EPS for Q3: 9.71 yen, up from 1.81 yen YoY.
Free cash flow doubled YoY to ¥707 million, with cash and cash equivalents at period end of ¥4,030 million.
Equity ratio at 57.6% as of September 30, 2025; total assets increased to ¥41,432 million, with equity rising to ¥23,878 million.
Outlook and guidance
Full-year revenue forecast raised to ¥20,400 million (+13.0% YoY); operating profit forecast increased to ¥1,700 million (+152.2% YoY).
All profit levels expected to significantly exceed previous year results.
Cloud services revenue forecast at ¥11,530 million (+40.4% YoY); hardware revenue forecast at ¥2,500 million (+48.0% YoY).
Annual dividend forecast increased to 5.00 yen per share, with a payout ratio of 44.9%.
The company expects continued revenue growth from cloud migration and hardware demand through 2028.
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