Bengo4.com (6027) Q4 2025 earnings summary

Executive summary

• Net sales rose 24.3% year-over-year to ¥14,072 million, with EBITDA up 14.9%, operating profit up 12.4% to ¥1,389 million, and profit attributable to owners up 25.3% to ¥1,049 million, both exceeding revised forecasts.

• CloudSign ARR grew over 30% year-over-year, driving company-wide ARR to ¥12.73 billion.

• Record quarterly operating profit of ¥630 million in Q4, with an operating profit ratio of 16.6%.

• Acquisition and absorption of Bengo Kakumei Inc. expanded digital legal solutions and contributed to consolidated results.

• Productivity improvements led to the first decline in fixed costs quarter-over-quarter.

Financial highlights

• FY3/2025 net sales: ¥14,072 million (+24.3% YoY); EBITDA: ¥2,169 million (+14.9% YoY); operating profit: ¥1,389 million (+12.4% YoY); net profit: ¥1,049 million (+25.3% YoY).

• Gross profit increased 20.5% YoY to ¥10,833 million; SGA expenses rose 21.8% YoY.

• Ordinary profit reached ¥1,405 million, up 6.8% YoY.

• Basic earnings per share rose to ¥46.69 from ¥37.62 YoY; net assets per share increased to ¥238.22 from ¥183.87.

• Cash and cash equivalents at year-end were ¥4,171 million, up from ¥3,469 million.

Outlook and guidance

• FY3/2026 net sales target: ¥16.1 billion (+14.4%), driven by continued CloudSign growth, Legal Brain business launch, and business expansion.

• EBITDA target for FY3/2026: ¥3.0 billion (+38.3% YoY); operating profit target: ¥2.0 billion (+43.9% YoY); profit at ¥1,200 million (+14.3%).

• Record-high operating and ordinary profit are expected, supported by increased hiring and new product contributions.