Japaniace (9558) Q4 2024 earnings summary

Executive summary

• Achieved record-high revenue and profits, with revenue up 13.4% year-over-year to ¥11,211 million and operating profit up 13.0%.

• Net profit increased 17.3% to ¥723 million, with double-digit growth across all profit stages.

• Growth driven by increased engineer hiring, improved utilization rates, and strong demand for IT infrastructure and DX.

• Surpassed ¥10 billion in annual sales for the first time since founding.

• Operating and net margins improved despite higher SG&A from investments in personnel and systems.

Financial highlights

• Revenue rose 13.4% year-over-year to ¥11,211 million; operating income up 13.0% to ¥945 million.

• Net profit increased 17.3% to ¥723 million; EPS reached ¥181.51, up from ¥155.52.

• Ordinary profit increased 17.1% to ¥1,022 million.

• Gross profit margin improved to 25.9%; net profit margin at 6.4%.

• Cash and equivalents at year-end: ¥2,999 million, up ¥323 million from prior year.

Outlook and guidance

• FY2025 forecast: revenue of ¥12,050 million (+7.5%), ordinary profit of ¥1,130 million (+10.5%), net income of ¥800 million (+10.7%).

• Operating profit forecast for FY2025 is ¥1,040 million (+9.9%).

• Plans for further growth through area expansion, capital investment, and strengthening sales capabilities.

• Continued focus on expanding IT and manufacturing services, with cautious optimism due to global uncertainties.