Toyokumo (4058) Q4 2024 earnings summary

Executive summary

• FY2024 net sales reached 3,146 million yen, up 29.3% year-over-year; operating profit rose 32.8% to 1,162 million yen; profit attributable to owners of parent increased 33.3% to 841 million yen.

• Main business is corporate cloud services, including emergency communication, kintone integration, and scheduling solutions, with strong market demand driven by DX, BCP, and SaaS adoption.

• Q4 FY2024 net sales were 895 million yen, up 33.8% year-over-year and 11.7% sequentially; Q4 operating profit was 320 million yen, up 51.6% year-over-year and 13.6% sequentially.

• Acquired Project Mode (NotePM SaaS) as a wholly owned subsidiary in January 2025 to enhance product portfolio and group value.

Financial highlights

• Gross profit for FY2024 was 3,057 million yen, up 28.7% year-over-year; SG&A expenses increased 26.3% to 1,895 million yen.

• Cash and deposits as of Dec. 31, 2024, stood at 4,196 million yen, up from 2,938 million yen a year earlier; operating cash flow was 1,337 million yen.

• Basic earnings per share for FY2024 was 77.21 yen, up from 59.61 yen in FY2023.

• Dividend per share: 10 yen; payout ratio: 18.1%.

Outlook and guidance

• FY2025 net sales forecasted at 4,600 million yen, a 46.2% increase year-over-year; operating profit projected at 1,400 million yen (+20.4%).

• Profit attributable to owners of parent expected to reach 1,100 million yen (+30.7% year-over-year).

• Dividend per share for FY2025 planned at 20 yen, up 42.9% from FY2024.

• Growth driven by increased paid contracts for core services and Project Mode acquisition.

• Operating profit margin for FY2025 forecasted at 30.4%.