Cybozu (4776) Q4 2024 earnings summary

Executive summary

• Achieved record consolidated revenue of ¥29,675 million, up 16.7% year-over-year, with operating income rising 44.1% to ¥4,892 million.

• Net income increased 42.8% to ¥3,555 million, and EPS rose 43.4% to ¥74.99.

• Cloud-related business sales reached ¥26,791 million, up 20.2%, with robust domestic and global expansion.

• Major product kintone saw 24.4% sales growth, with 37,000 contracted companies and strong enterprise/public sector adoption.

• Recognized for customer satisfaction, service quality, and industry awards.

Financial highlights

• Consolidated cloud revenue reached ¥26,791 million, accounting for 90.3% of total sales.

• Operating margin improved to 16.5% due to limited cost increases despite higher advertising and R&D expenses.

• Cash and deposits at year-end were ¥5,589 million; total assets grew to ¥21,087 million.

• Dividend per share increased to ¥30, up 114.3% year-over-year, with a payout ratio of 40%.

• Share buybacks totaled ¥2,929 million in Q4, increasing treasury stock and reducing cash.

Outlook and guidance

• FY2025 revenue forecast at ¥36,004 million (+21.3%), operating income at ¥8,437 million (+72.4%).

• Net income projected to rise 66.1% to ¥5,904 million; EPS to ¥127.77.

• Dividend per share planned at ¥40 (+33.3%).

• Cloud service contracts expected to exceed 67,000 companies, supporting ongoing growth.

• Strategic focus on enterprise-scale adoption, AI investment, and global expansion.