JustSystems (4686) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2024, was ¥22,095 million, up 5.3% year-over-year; operating income rose 3.1% to ¥9,807 million; net income attributable to shareholders increased 1.0% to ¥6,614 million.

• Both individual and corporate segments saw sales growth, with individual up 5.1% and corporate up 5.6% year-over-year.

• Subscription-based business sales grew 8.2% year-over-year, accounting for 75.4% of total revenue.

Financial highlights

• Gross profit for the period was ¥17,403 million, up from ¥16,672 million year-over-year.

• Operating margin remained strong, with operating income at ¥9,807 million and net income at ¥6,614 million.

• Total assets increased to ¥118,403 million from ¥109,099 million at the previous fiscal year-end.

• Equity ratio was 84.4%, slightly down from 86.2% at the previous year-end.

• Cash and cash equivalents at period-end rose to ¥93,344 million from ¥72,876 million a year earlier.

Outlook and guidance

• No changes to the previously announced full-year earnings forecast as of May 14, 2024.