PCA (9629) Q4 2025 earnings summary

Executive summary

• FY2025 net sales rose 8.1% year-over-year to 16,237 million yen, with operating profit up 14.2% to 2,637 million yen and profit attributable to owners of parent up 8.0% to 1,741 million yen.

• Cloud services sales grew 25.6% year-over-year, now comprising 57.8% of total sales; conventional software product sales declined 51.2%.

• Discontinued packaged software sales at end of March 2024 to focus on subscription-based services and cloud offerings.

• Number of PCA Cloud series corporate users increased to 24,570 in 2025 from 22,899 in 2024.

Financial highlights

• Gross profit increased to 10,228 million yen (up from 9,636 million yen), with gross margin at 63.0%.

• Operating profit margin improved to 16.2% from 15.4% year-over-year.

• Comprehensive income rose 23.5% to 1,985 million yen.

• Cash and cash equivalents at year-end were 21,473 million yen, up 902 million yen from the previous year.

• Dividend per share for FY2025 was 87 yen, with a payout ratio of 100.2%.

Outlook and guidance

• FY2026 forecast: net sales of 17,689 million yen (+8.9%), operating profit of 2,824 million yen (+7.1%), and profit attributable to owners of parent of 1,897 million yen (+9.0%).

• No first-half forecast disclosed due to uncertainty in expenditure timing and external conditions.