Logizard Co (4391) Q4 2024 earnings summary

Executive summary

• Achieved record-high revenue of ¥1,977 million, up 6.7% year-over-year, marking 24 consecutive years of growth, with record net income and MRR for the fiscal year ending June 2024.

• Operating profit rose 32.9% to ¥346 million, and net income increased 36.7% to ¥252 million, both record highs.

• Growth was driven by strong demand for B2B and cloud WMS solutions, automation trends, and new client acquisitions.

• Number of accounts reached 1,759, up 8.9% year-over-year, with MRR at ¥136 million, a 9.0% increase.

• Strategic investments in R&D, human resources, and organizational structure supported future growth and service quality.

Financial highlights

• Cloud service revenue grew 7.0% year-over-year to ¥1,564 million, achieving 100% of budget; device/equipment sales surged 28.7% to ¥96 million, exceeding budget at 163.5%.

• Gross profit: ¥1,077 million, up 12.9%, with a gross margin of 54.5% (up from 51.5% year-over-year).

• Operating margin increased to 17.5% from 14.1% in the previous year.

• Achieved 97.7% of full-year revenue target and exceeded profit targets.

• Cash and equivalents at year-end were ¥1,537 million, up ¥83 million from the prior year.

Outlook and guidance

• FY2025 revenue target: ¥2,214 million, up 12% year-over-year; operating profit target: ¥400 million, up 15.6%.

• Continued focus on B2B, EC, and 3PL warehouse markets, automation, and product development.

• Plans to enhance product integration and cloud-based solutions for logistics efficiency.

• Dividend payout ratio to remain at 20%, with a forecasted dividend of ¥18 per share.

• Net profit for FY2025 expected to grow 11.3%.