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ELEMENTS
ELEMENTS (5246) investor relations material
ELEMENTS Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary13 Jan, 2026
Executive summary
Achieved record revenue of ¥3,895 million for FY25, up 53% year-over-year, driven by Polarify consolidation, core AI cloud, and authentication services expansion.
EBITDA reached ¥270 million, down 21% year-over-year, with adjusted EBITDA (excluding M&A costs) at ¥379 million, surpassing the previous year.
Operating loss widened to ¥215 million due to increased SG&A and one-time costs, with net loss attributable to parent/shareholders at ¥700–701 million, impacted by special losses from Admedica dissolution.
The company expanded its market share in online identity verification, especially after acquiring Polarify as a subsidiary.
Polarify's PMI progressed well, achieving monthly operating profit in October and significant cost reductions.
Financial highlights
Q4 revenue hit a record ¥1,173 million, up 70% year-over-year.
Q4 EBITDA was ¥51 million, nearly flat year-over-year; adjusted EBITDA was ¥62 million.
Q4 operating loss was ¥78 million; adjusted operating loss was ¥41 million.
Gross profit for FY25 was ¥3,018 million (+38% YoY), with gross margin at 77.5% (down 8.3pt YoY due to Polarify consolidation).
SG&A for FY25 rose 52% to ¥3,233 million, with a sales-to-SG&A ratio of 83.0%.
Outlook and guidance
FY26 revenue forecast: ¥5,100–5,300 million (+30–36% YoY).
FY26 EBITDA forecast: ¥800–1,000 million (+195–269% YoY).
FY26 operating profit expected to return to black (¥0–200 million); net profit forecast: ¥(100)–100 million.
FY27 mid-term targets: revenue ¥6–6.5 billion, operating margin 15%, EBITDA margin 25%.
What caused the significant impairment loss in 2025/11?
Explain the strategic importance of ELEMENTS CLOUD Shikoku DC
What is the strategy for funding future growth and investments?
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Next ELEMENTS earnings date
Q1 202613 Apr, 2026
ELEMENTS
Next ELEMENTS earnings date
Q1 202613 Apr, 2026
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Frequently asked questions
ELEMENTS Inc is a Japan-based technology company that provides digital identity and authentication solutions. The company develops platforms and services focused on biometric recognition, including facial recognition and AI-based identity verification, which are used in sectors such as finance, telecommunications, and e-commerce. ELEMENTS Inc aims to enhance digital security and streamline user verification processes through its proprietary technologies. The company is headquartered in Tokyo, Japan, and its shares are listed on the TSE.
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