Infomart (2492) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 rose 22.3% year-over-year to 4,304 million yen, with operating profit up 152.6% to 580 million yen, driven by revenue growth, cost efficiencies, and lower data center costs.

• Gross profit margin improved to 72.6% from 55.2% year-over-year, reflecting cost efficiencies and cloud migration.

• User company base expanded to 1.17 million, representing about 32% of all Japanese companies.

Financial highlights

• Net sales: 4,304 million yen (+22.3% YoY); gross profit: 3,125 million yen (+61.0% YoY); operating profit: 580 million yen (+152.6% YoY); net income: 305 million yen (+50.9% YoY).

• Gross profit margin rose to 72.6% (+17.4pt YoY); operating profit margin improved to 13.5% (+7.0pt YoY).

• Total assets at March 31, 2025 were 15,373 million yen, up 530 million yen from December 2024.

• Cash and cash equivalents decreased by 702 million yen to 3,608 million yen during the quarter.

• Stock-type revenue ratio remained high at 96.2%.

Outlook and guidance

• FY12/25 full-year plan targets net sales of 19,491 million yen (+24.7% YoY), operating profit of 2,300 million yen (+91.6% YoY), and net income of 1,356 million yen (+106.9% YoY).

• Gross profit margin expected to reach 69.7% for the year, with operating margin at 11.8%.

• Dividend forecast set at 4.46 yen per share for FY2025.

• BtoB-PF FOOD segment expected to outperform plan, while BtoB-PF ES segment faces slower new user growth.

• Minimal expected impact from US-Japan tariffs and external trade factors.