Cybozu (4776) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2025 rose 26.8% year-over-year to JPY 8,759 million, with operating profit up 99.4% to JPY 2,614 million.

• Ordinary profit increased 76.6% year-over-year to JPY 2,527 million, and profit attributable to owners of parent grew 76.9% to JPY 1,802 million.

• Comprehensive income for Q1 2025 was JPY 1,891 million, up 74.5% from the prior year.

Financial highlights

• Cloud consolidated sales reached JPY 8,022 million, growing 91.6% year-over-year.

• Kintone consolidated sales were JPY 4,977 million, up 36.0% year-over-year.

• Gross profit for Q1 2025 was JPY 8,017 million, up from JPY 6,340 million in Q1 2024.

• Cost of sales increased 30.6% to JPY 741 million; advertising and R&D expenses also rose.

• Cloud monthly sales for Jan–Mar 2025 each exceeded JPY 2,600 million, with over 30% year-over-year growth each month.

Outlook and guidance

• FY2025 net sales forecasted at JPY 36,004 million, a 21.3% increase from FY2024.

• Operating profit expected to rise 72.4% to JPY 8,437 million.

• Net profit per share projected at JPY 127.77, up 70.4% year-over-year.

• Dividend per share forecasted to increase by 33.3% to JPY 40.00.

• Profit attributable to owners of parent is forecast at JPY 5,904 million, up 66.1% year-over-year.