Toyokumo (4058) Q2 2025 earnings summary

Executive summary

• Achieved record-high interim revenue of ¥2,247 million, up 55.1% year-over-year, with EBITDA up 72.8% and net income attributable to shareholders up 45.7%.

• Growth driven by expansion in cloud services, increased contract numbers, and the acquisition of Project Mode Co., Ltd., adding NotePM to the product lineup.

• ARR and MRR at June 2025 reached all-time highs, up 60.2% year-over-year.

• The company operates a single business segment focused on corporate cloud services.

Financial highlights

• Interim revenue: ¥2,247 million, up 55.1% year-over-year; EBITDA: ¥974 million, up 72.8% year-over-year.

• Operating profit: ¥856 million, up 53.1% year-over-year; net income attributable to shareholders: ¥562 million, up 45.7% year-over-year.

• Quarterly revenue grew 8.5% sequentially; operating profit rose 58.3% from the previous quarter.

• EPS for the half-year was ¥51.66, compared to ¥35.50 in the prior year.

• Total assets increased to ¥5,797 million from ¥4,663 million at the previous year-end.

Outlook and guidance

• Progress toward full-year revenue forecast (¥4,600 million): 48.9% achieved at interim; operating profit progress: 61.2% of ¥1,400 million target.

• Full-year revenue forecast is ¥4,600 million, up 46.2% year-over-year; net income forecast is ¥1,100 million, up 30.7%.

• Full-year operating margin forecast at 30.4%; EBITDA margin at 34.8%.

• Dividend per share forecast: ¥20; payout ratio: 19.8%.

• No changes to previously announced earnings guidance.