Logizard Co (4391) Q4 2025 earnings summary

Executive summary

• Achieved record-high revenue of ¥2,177 million, up 10.1% year-over-year, with operating income up 17.8%–18.3% and net income up 12.1%, both at historical highs.

• Growth driven by strong cloud service sales, BtoB market expansion, automation trends, and new account acquisitions.

• All business lines except hardware posted revenue growth; hardware sales declined due to prior year large deals.

• Strategic focus on platform development, human resource and technology investment, and digital transformation (DX) in logistics and retail.

Financial highlights

• Cloud service sales grew 10.2% year-over-year to ¥1,723–1,724 million, accounting for about 79% of total revenue.

• Operating income: ¥408–409 million (+17.8%–18.3% YoY); net income: ¥283 million (+12.1% YoY); EPS: ¥87.91.

• MRR at period-end: ¥148 million, up 8.9% year-over-year; account count: 1,858, up 5.6%.

• Development/implementation sales up 15.2% YoY, but only 81.7% of plan due to order delays; hardware sales declined 8.7%.

• Gross profit margin improved to 55.5%, with gross profit up 12.1% to ¥1,208 million.

Outlook and guidance

• FY2028 targets: revenue ¥3,110 million (+43% vs FY2025), operating income ¥530 million (+31.8%), MRR ¥209 million (+40.5%).

• FY2026 forecast: revenue ¥2,439 million (+12.1% YoY), net profit to decline 8.6% to ¥258 million due to strategic investments.

• Double-digit annual revenue growth targeted, with new service launches, BtoB focus, and continued investment in AI, process reform, and human capital.

• Initial year of new plan to see profit dip due to upfront investment, followed by profit growth in subsequent years.