Toyokumo (4058) Q1 2025 earnings summary

Executive summary

• Quarterly revenue reached 1,077 million yen, up 54.2% YoY and 20.3% QoQ, driven by cloud service expansion and Project Mode acquisition.

• EBITDA was 391 million yen, up 48.7% YoY; operating income rose to 331 million yen, up 27.1% YoY, despite higher advertising and amortization expenses.

• Net income attributable to shareholders was 219 million yen, up 22.0% YoY.

• ARR increased 59.3% YoY to 4,610 million yen, with churn rate at 0.75%.

• Notable product enhancements, user milestones, and industry awards for disaster resilience and product excellence.

Financial highlights

• Revenue: 1,077 million yen (+54.2% YoY, +20.3% QoQ); EBITDA: 391 million yen (+48.7% YoY, +20.9% QoQ); Operating income: 331 million yen (+27.1% YoY, +3.3% QoQ); Net income: 219 million yen (+22.0% YoY).

• Gross profit: 1,033 million yen (+51.7% YoY); gross margin remained robust.

• EPS for Q1 FY2025 was 20.16 yen, up from 16.56 yen in the prior year.

• Advertising expenses increased 75.3% YoY to 291 million yen.

• Total assets at quarter-end were 4,666 million yen; net assets decreased to 2,925 million yen due to treasury stock increase.

Outlook and guidance

• Full-year revenue forecast maintained at 4,600 million yen; operating income forecast at 1,400 million yen (operating margin 30.4%).

• EBITDA forecast revised upward to 1,600 million yen for the year.

• EPS forecast: 100.66 yen per share for FY2025.

• Progress toward full-year targets: revenue at 23.4%, operating income at 23.6% after Q1.

• Management notes actual results may differ due to various factors.