Logizard Co (4391) Q4 2025 earnings summary

Executive summary

• Achieved record-high revenue of ¥2,177 million, up 10.1% year-over-year, and record-high net income of ¥283 million, up 12.1% year-over-year.

• Operating income rose 17.8% to ¥408 million, and recurring/ordinary profit increased 18.3% to ¥409 million compared to the previous year.

• Growth driven by increased demand for cloud WMS, automation trends, and BtoB expansion.

• All business lines except hardware sales posted revenue growth; hardware sales declined due to prior year large deals.

• Monthly recurring revenue (MRR) reached ¥148 million, up 8.9% year-over-year, with account numbers at 1,858, up 5.6%.

Financial highlights

• Cloud service sales grew 10.2% year-over-year to ¥1,724 million, accounting for 79.2% of total revenue.

• Gross profit margin improved to 55.5%, with gross profit up 12.1% to ¥1,208 million.

• SG&A expenses increased 9.4% due to higher personnel costs and business expansion.

• Dividend per share increased to ¥18.00 (from ¥16.00); payout ratio 20.5%.

• Achieved 98.3% of full-year revenue budget and exceeded profit targets.

Outlook and guidance

• FY2026 revenue forecast: ¥2,439 million (+12.1% YoY); net profit expected to decline 8.6% to ¥258 million due to strategic investments.

• Operating and ordinary profit both forecast to decrease by ~13% as company invests in AI, process reform, and human capital.

• Continued focus on expanding cloud WMS solutions, automation, and OMO logistics for sustainable growth.