Logizard Co (4391) Q4 2024 earnings summary

Executive summary

• Achieved record-high revenue of ¥1,977 million for the year ended June 2024, up 6.7% year-over-year, marking 24 consecutive years of growth.

• Operating income rose 32.8% to ¥346 million, and net income increased 36.7% to ¥252 million compared to the previous year.

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

• All service lines—cloud, development/implementation, and equipment sales—reported year-over-year sales and profit growth.

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

Financial highlights

• Cloud service revenue grew 7.0% year-over-year to ¥1,564 million; device/equipment sales surged 28.7% to ¥96 million.

• Gross profit margin improved by 3 percentage points to 54.5% year-over-year.

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

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

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

Outlook and guidance

• For the year ending June 2025, revenue is forecast to rise 12.0% to ¥2,214 million, with operating and recurring profit both expected to increase 15.6% and net profit to grow 11.3%.

• Continued focus on expanding BtoB WMS needs, automation, and productivity improvements to address labor shortages.

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