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Logizard Co (4391) investor relations material
Logizard Co Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY2026 revenue was ¥561.5 million, up 2.7% year-over-year, but operating profit fell 37.7% to ¥71.9 million and net profit dropped 39.4% to ¥51.9 million, mainly due to upfront investments and a large customer cancellation.
Cloud service revenue and MRR grew 8.0% and 7.5% year-over-year, respectively, with MRR reaching ¥151 million.
The company is executing a new mid-term plan focused on B2B expansion, productivity, AI investment, and organizational reform.
Profits declined due to increased SG&A expenses, hiring, IR, and R&D investments aligned with the mid-term plan.
MRR progress rate was 16.8% (28% excluding one-off cancellation).
Financial highlights
Cloud service revenue grew 8.0% year-over-year to ¥453.8 million, accounting for over 80% of total sales.
Development/implementation service revenue fell 11.6% year-over-year to ¥85.7 million.
Device/equipment sales dropped 26.0% year-over-year to ¥22.0 million, but exceeded internal expectations.
Gross profit increased to ¥309.3 million, with gross margin at 61.3%, down 3 points year-over-year.
SG&A expenses rose 29.6% year-over-year, mainly due to hiring, IR, and R&D investments.
Outlook and guidance
Full-year guidance remains unchanged: revenue ¥2,439 million, operating profit ¥355 million, net profit ¥258 million, and EPS ¥80.35.
The company expects to achieve full-year targets through increased B2B sales, AI-driven productivity, and partner expansion.
Mid-term plan targets significant growth by FY2028, leveraging new hires and technology investments.
No revision to dividend forecast; annual dividend expected at ¥18 per share.
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