System D (3804) Q1 2025 earnings summary

Executive summary

• Revenue and operating profit exceeded initial plans, driven by timely delivery of orders, additional project wins, and robust demand for cloud services, with preparations underway for projects starting from April 2025.

• Achieved strong Q1 results with revenue of ¥1,003 million, up 8.9% year-over-year, and net income of ¥97 million, up 41.2% year-over-year.

• Growth was supported by expansion in both flow and stock businesses, with key contributions from education, public sector, wellness, and compliance software.

Financial highlights

• Revenue for Q1 FY2025 was ¥1,003 million, up 8.9% year-over-year.

• Operating profit reached ¥143 million, a 27.4% increase compared to the same quarter last year.

• Net income rose to ¥97 million, up 41.2% year-over-year.

• Gross profit increased to ¥425 million, up 8.1% year-over-year.

• Recurring/ordinary profit was ¥146 million, up 27.4% year-over-year.

Key financial ratios and metrics

• Operating margin for Q1 FY2025 was 14.3%.

• Equity ratio improved to 69.5% from 64.7% at the previous fiscal year-end.

• EPS for FY2024 was ¥86.7; ROE at 12.9%, ROA at 12.6%.

• Net assets per share: ¥695.60; EPS for Q1: ¥15.16.

• Total assets: ¥6,414 million; Net assets: ¥4,458 million.