Robot Payment (4374) Q2 2024 earnings summary

Executive summary

• Revenue and profit for the first half of FY2024 rose 26.8% and over 120% YoY, exceeding the previous year and achieving over 50% of full-year forecasts, driven by strong demand for cloud-based payment and financial services.

• Full-year guidance for revenue and operating profit was revised upward, reflecting strong business momentum and recent performance trends.

• Recurring revenue remains the primary growth driver, with high customer retention and increasing account value.

• Both Payment and Financial Cloud segments achieved double-digit growth, supported by new customer acquisition and increased transaction volumes.

Financial highlights

• 1H FY2024 revenue: ¥1,306M (+26.8% YoY); operating profit: ¥232M (+125.1% YoY); net profit: ¥161M (+124.1% YoY).

• Gross profit: ¥1,177M (+27.6% YoY); SG&A: ¥945M (+15.3% YoY).

• EPS for the half-year was ¥42.72, up from ¥19.06 in the prior year.

• 1H revenue and profit achieved over 50% of revised full-year guidance.

• Cash and equivalents decreased by ¥509M, ending at ¥2,823M.

Outlook and guidance

• Full-year revenue forecast revised to ¥2,700M (+22.0% YoY); operating profit to ¥400M (+74.6% YoY); net profit to ¥276M (+86.3% YoY); EPS forecast at ¥73.37.

• Guidance was revised upward based on recent performance.

• Company continues to prioritize efficiency and stable growth, with no major changes to cost strategy.