PCA (9629) Q1 2025 earnings summary

Executive summary

• Net sales rose 14.5% year-over-year to 3,879 million yen, with operating profit up 63.6% to 700 million yen and profit attributable to owners of parent up 71.0% to 455 million yen.

• Cloud services sales grew 36.4% year-over-year, now comprising 56.8% of total sales; conventional software product sales declined 55.2%.

• The company shifted focus to subscription-based services, ending packaged software sales in March 2024.

• Corporate users of PCA Cloud series increased to 23,252 as of June 2024.

Financial highlights

• Gross profit increased to 2,546 million yen from 2,116 million yen year-over-year.

• Ordinary profit rose 62.3% year-over-year to 708 million yen.

• Earnings per share increased to 22.75 yen from 13.33 yen year-over-year.

• Comprehensive income reached 511 million yen, up 75.6% year-over-year.

Outlook and guidance

• Full-year forecast maintained: net sales of 16,507 million yen (+9.9%), operating profit of 2,357 million yen (+2.1%), and profit attributable to owners of parent of 1,656 million yen (+2.8%).

• Annual dividend forecast raised to 83 yen per share.