System D (3804) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 FY2025 reached ¥3,744 million, up 14.2% year-over-year, driven by new user system adoption and cloud services expansion.

• Operating income was ¥693 million, a 33.5% increase year-over-year, exceeding initial plans.

• Net income for the quarter was ¥489 million, up 42.0% compared to the same period last year.

• Achieved strong growth in both flow and stock business, with robust results in education, public sector, wellness, and compliance software segments.

• New and upgraded system deliveries, especially in education and public sector, contributed to performance.

Financial highlights

• Gross profit rose to ¥1,593 million, a 14.5% increase year-over-year.

• Ordinary income reached ¥698 million, up 34.4% year-over-year.

• Comprehensive income was ¥508 million, up 47.2% year-over-year.

• EPS for the period was ¥86.7.

• Total assets at quarter-end were ¥7,206 million, with net assets of ¥4,868 million.

Outlook and guidance

• Dividend payout ratio for FY2025 is projected at 28%, with a planned dividend of ¥27 per share, up ¥3 from the previous year.

• Full-year revenue forecast is ¥5,024 million, up 8.5% year-over-year.

• Operating income projected at ¥932 million (+12.6%), net income at ¥627 million (+12.9%).

• Full-year EPS forecast is ¥96.60.

• Policy remains to maintain stable dividends while retaining earnings for ongoing development investment.