Infomart (2492) Q4 2024 earnings summary

Executive summary

• Achieved record sales and profit growth in FY12/24, driven by BtoB Platform expansion, user growth to 1.14 million companies, and the acquisition of Tanomu Inc. as a consolidated subsidiary.

• Significant margin improvement resulted from higher sales and lower data center expenses after cloud migration.

• FOOD business benefited from rate revisions, digitalization demand, and synergies from Tanomu Inc.; ES business saw steady growth in invoicing and trade services.

Financial highlights

• FY12/24 net sales: 15,630 million yen, up 17.0% year-over-year; Q4 sales reached a record 4,386 million yen.

• Operating profit: 1,200 million yen, up 44.6% year-over-year; ordinary profit: 1,187 million yen, up 87.8%; profit attributable to owners: 655 million yen, up 119.6%.

• Gross profit margin improved to 61.8% for the year; Q4 margin reached 71.7%.

• Cash and cash equivalents at year-end were 4,311 million yen, down 625 million yen from the previous year.

• Net assets rose to 11,079 million yen, with an equity-to-asset ratio of 73.5%.

Outlook and guidance

• FY12/25 guidance: net sales 19,491 million yen (+24.7% YoY), operating profit 2,300 million yen (+91.6% YoY), profit attributable to owners 1,356 million yen (+106.9% YoY).

• Gross profit margin expected to rise to 69.7%; operating margin to 11.7%.

• Dividend per share projected to increase to 4.46 yen for FY12/25, with a payout ratio of 74.4%.

• BtoB-PF FOOD and ES businesses both forecast strong growth, with ES business returning to profitability.