Laxus Technologies (288A) Q4 2025 earnings summary

Executive summary

• Achieved record-high revenue and profits for the fiscal year ended March 2025, driven by price revisions, increased bag sales, and higher average customer spend.

• User satisfaction improved through expanded auto-charge features and premium exchange options.

• Focused on strengthening the core subscription-based bag sharing service, introducing new features, and expanding high-value sales channels.

• Strategic investments planned for FY2026, focusing on contract growth, advertising, shareholder incentives, and OEM expansion.

Financial highlights

• Revenue: ¥2,564 million, up 16.9% year-over-year from ¥2,193 million.

• EBITDA: ¥932 million, up 22.5% year-over-year; EBITDA margin 36.4%.

• Operating income: ¥590 million, up 29.8% year-over-year; operating margin 23.0%.

• Net income: ¥435 million, up 4.8% year-over-year; net margin 17.0%.

• Cash and equivalents at year-end: ¥1,522 million.

Outlook and guidance

• FY2026 revenue forecast: ¥3,078 million (+20.0% YoY); operating income: ¥448 million (−24.0% YoY).

• Focus on sales growth, contract expansion, and increased advertising spend (+45% YoY).

• Strategic focus on contract growth, advertising, and OEM expansion (ShaaS), with anticipated profit recovery in the second half.

• Direct-to-consumer sales to be strengthened with a new flagship store in Tokyo.