Logizard Co (4391) Q3 2026 earnings summary

Executive summary

• Revenue for the third quarter and nine months ended March 31, 2026, increased 8.4% year-over-year to ¥1,772 million, driven by strong BtoB order growth and cloud/development services.

• Operating profit declined 14.6% to ¥305.9 million and net profit fell 17.4% to ¥219.6 million, due to strategic investments in personnel, security, and higher costs.

• Cloud service sales rose 9.4% year-over-year, with March sales reaching an all-time high, supported by automation and system integration demand.

• Shipment volume expanded, with cumulative shipments reaching 1.31 billion items and 80 million cases, up 15% year-over-year.

• The company operates a single segment focused on inventory management systems, with cloud services showing the strongest growth.

Financial highlights

• Gross profit increased 9.5% year-over-year to ¥1,015 million, with gross margin improving to 57.3%.

• Selling, general, and administrative expenses rose 24.7% year-over-year, mainly due to higher personnel, recruitment, and R&D costs.

• Total assets rose to ¥2,650 million, up ¥73.7 million from the previous fiscal year-end.

• Equity increased to ¥2,370 million, with an equity ratio of 89.5%.

• EPS for the period was ¥67.73, down from ¥82.63 year-over-year.

Outlook and guidance

• The company expects a return to profit growth in the next fiscal year, following this year’s planned profit decline due to upfront investments.

• Full-year revenue is forecast at ¥2,439 million, up 12.1% year-over-year, with operating income of ¥356 million and net income of ¥258 million, down 8.6%.

• Full-year revenue progress reached 72.6% of the annual plan by Q3, with operating profit at 86.1% of the target.

• No changes have been made to the previously announced full-year guidance.

• Dividend per share is forecast to remain unchanged at ¥18, with a payout ratio target of 20%.