Komori
Earnings presentation3923RAKUS Co.,Ltd.Information and Communications, Services and Others

FY ended March 2025 earnings presentation materials

2025年3月期は売上高・営業利益・純利益が大きく伸び、営業利益は過去最高を更新した。2026年3月期はクラウド事業を中心にさらに増収増益を計画し、IT人材事業の譲渡検討やAIエージェント開発組織の新設も示した。

Worth reading
91Important
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
4633
¥ million (year-on-year increase in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 202512 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales48,904 million yen+27.3%
Operating profit10,192 million yen+83.3%
Ordinary income10,218 million yen
Net income8,003 million yen+91.2%
Selling, general and administrative expenses26,117 million yen
Gross Profit Margin
Rate74.2%
Year-on-year change (points)+2.3 percentage points
Operating profit margin
Rate20.8%
Year-on-year change (points)+6.4 percentage points
Results for the three months of the current quarter
Net Sales
13,355 million yen
Year on year against the same period last year+26.4%
Operating profit
2,646 million yen
Year on year against the same period last year+33.1%
Net income
2,413 million yen
Year on year against the same period last year+41.1%
Full-year earnings forecast
Net Sales
59,400 million yen
Cost of sales
15,289 million yen
Gross profit
44,111 million yen
Operating profit
15,000 million yen
Ordinary income
15,000 million yen
EBITDA
16,317 million yen
Profit attributable to owners of the parent
11,690 million yen
EPS
64.52 yen
Dividend per share
6.5 yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit for the fiscal year ended March 2025
Positive effect of higher Cloud Business revenue+9,396百万円
Positive effect of higher IT Human Resources Business revenue+¥1,098 million
Increase in personnel expenses-3,709百万円
広告宣伝費増加額-1,013百万円
Increase in other expenses-1,138百万円
2026年3月期営業利益計画
Positive effect of higher Cloud Business revenue+9,438百万円
Positive effect of higher IT Human Resources Business revenue+1,057百万円
Increase in personnel expenses-4,673百万円
Decrease in advertising and promotional expenses+¥729 million
Increase in other expenses-1,744百万円
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
5か年売上高CAGR31.0%
IT人材事業売上高成長率15.0%
Cloud business revenue growth rate22.5%
Number of additions前期並みを想定
New initiatives
  • カオナビ社株式を1株4,380円、総額2,542百万円で売却し、自己株式取得を決定
  • IT人材事業の譲渡検討を開始
  • AIエージェント開発専門組織を新設し、2025年内に楽楽精算の新機能をリリース予定
  • 次期中期経営計画でクラウド事業へ経営資源を集中し、M&Aを優先
Key KPIsA metric the company considers important as a management benchmark.
  • Cloud Business ARR43,468 million yen
    Year on year against the same period last year+27.3%
  • クラウド事業ストック売上高比率92.6 %
  • 楽楽精算累計導入社数19,418 companies
  • 楽楽明細累計導入社数13,375 companies
  • IT人材事業エンジニア数975 people
    Year on year against the same period last year+19.1%
  • Equity ratio69.4 %
    Year on year against the same period last year+6.5%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
クラウド事業サービス別月額平均単価
Rakuraku Seisan (expense management)100,896円
Rakuraku Meisai (invoice management)78,230円
楽楽販売 (sales management)146,024円
Email delivery40,271円
Mail Dealer67,590円
クラウド事業サービス別累計導入社数
Rakuraku Seisan (expense management)19,418
Rakuraku Meisai (invoice management)13,375
Segment results
Cloud Business
Net Sales
41,862 million yen+28.9%
Operating profit
9,365 million yen+88.1%
IT human resources business
Net Sales
7,041 million yen+18.5%
Operating profit
827 million yen+42.7%
Medium-term management plan targets
Fiscal year ending March 2026
5か年売上高CAGR31～32%
Net incomeAt least ¥10 billion
Net assetsAt least ¥20 billion
Comparison with actual results売上高CAGR・純利益は達成見込、純資産は2025年3月期に達成済み
Market Size / Share
  • SaaS型経費精算市場467.0億円（2024年度予測）
    ラクス売上高シェア36.8%
  • 電子請求書発行サービス市場212.6億円（2024年度予測）
    ラクス売上高シェア46.1%
  • SaaS型ERP市場・販売業務分野
    楽楽販売売上シェア1位（2024年3月期）
Number of employees
期末連結従業員数3,086 people
Year on year against the same period last year+20.5%
Change during the period525 people
By segmentクラウド事業1,849名、IT人材事業1,069名
Annual Dividend
Annual dividend per share4.50円（2025年3月期実績）、6.50円（2026年3月期計画）
Payout ratio
10%超を目安
Acquisition of treasury shares
Related disclosureカオナビ社株式の売却対価を原資として自己株式取得を決定
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2025
Net Sales48,904 million yen (YoY +27.3%)
Operating profit10,192 million yen (YoY +83.3%)
Ordinary income10,218 million yen
Net income8,003 million yen (YoY +91.2%)
Gross Profit MarginRate 74.2% / Year-on-year change (points) +2.3 percentage points
Operating profit marginRate 20.8% / Year-on-year change (points) +6.4 percentage points
Selling, general and administrative expenses26,117 million yen
Results for the three months of the current quarterNet Sales 13,355 million yen / Operating profit 2,646 million yen / Net income 2,413 million yen
Full-year earnings forecastNet Sales 59,400 million yen / Cost of sales 15,289 million yen / Gross profit 44,111 million yen / Operating profit 15,000 million yen / Ordinary income 15,000 million yen / EBITDA 16,317 million yen / Profit attributable to owners of the parent 11,690 million yen / EPS 64.52 yen / Dividend per share 6.5 yen
Segment resultsCloud Business Net Sales 41,862 million yen (YoY +28.9%) / Operating profit 9,365 million yen (YoY +88.1%) / IT human resources business Net Sales 7,041 million yen (YoY +18.5%) / Operating profit 827 million yen (YoY +42.7%)
Breakdown of Factors Affecting the ChangeOperating profit for the fiscal year ended March 2025 Positive effect of higher Cloud Business revenue +9,396百万円 / Positive effect of higher IT Human Resources Business revenue +¥1,098 million / Increase in personnel expenses -3,709百万円 / 広告宣伝費増加額 -1,013百万円 / Increase in other expenses -1,138百万円 / 2026年3月期営業利益計画 Positive effect of higher Cloud Business revenue +9,438百万円 / Positive effect of higher IT Human Resources Business revenue +1,057百万円 / Increase in personnel expenses -4,673百万円 / Decrease in advertising and promotional expenses +¥729 million / Increase in other expenses -1,744百万円
Key KPIsIndicator name Cloud Business ARR / Value 43,468 million yen / Year on year against the same period last year 27.3 million yen, Indicator name クラウド事業ストック売上高比率 / Value 92.6 % / Year on year against the same period last year Not disclosed, Indicator name 楽楽精算累計導入社数 / Value 19,418 companies / Year on year against the same period last year Not disclosed, Indicator name 楽楽明細累計導入社数 / Value 13,375 companies / Year on year against the same period last year Not disclosed, Indicator name IT人材事業エンジニア数 / Value 975 people / Year on year against the same period last year 19.1 people, Indicator name Equity ratio / Value 69.4 % / Year on year against the same period last year 6.5 %
Unit price and quantity metricsクラウド事業サービス別月額平均単価 Rakuraku Seisan (expense management) 100,896円 / Rakuraku Meisai (invoice management) 78,230円 / 楽楽販売 (sales management) 146,024円 / Email delivery 40,271円 / Mail Dealer 67,590円 / クラウド事業サービス別累計導入社数 Rakuraku Seisan (expense management) 19,418 / Rakuraku Meisai (invoice management) 13,375
Number of employees期末連結従業員数 3,086 people / Year on year against the same period last year 20.5 people / Change during the period 525 people / By segment クラウド事業1,849名、IT人材事業1,069名
Assumptions Underlying the Business Outlook5か年売上高CAGR 31.0% / IT人材事業売上高成長率 15.0% / Cloud business revenue growth rate 22.5% / Number of additions 前期並みを想定
Medium-term management plan targetsSubject Fiscal year ending March 2026 / 5か年売上高CAGR 31～32% / Net income At least ¥10 billion / Net assets At least ¥20 billion / Comparison with actual results 売上高CAGR・純利益は達成見込、純資産は2025年3月期に達成済み
Annual DividendAnnual dividend per share 4.50円（2025年3月期実績）、6.50円（2026年3月期計画） / Interim and Year-End Breakdown Not disclosed
Payout ratio10%超を目安
Acquisition of treasury sharesAmount under the acquisition limit Not disclosed / Number of shares under the acquisition limit Not disclosed / Period Not disclosed / Related disclosure カオナビ社株式の売却対価を原資として自己株式取得を決定
Market Size / ShareSubject SaaS型経費精算市場 / Market Size 467.0億円（2024年度予測） / ラクス売上高シェア 36.8%, Subject 電子請求書発行サービス市場 / Market Size 212.6億円（2024年度予測） / ラクス売上高シェア 46.1%, Subject SaaS型ERP市場・販売業務分野 / 楽楽販売売上シェア 1位（2024年3月期）
New initiativesカオナビ社株式を1株4,380円、総額2,542百万円で売却し、自己株式取得を決定, IT人材事業の譲渡検討を開始, AIエージェント開発専門組織を新設し、2025年内に楽楽精算の新機能をリリース予定, 次期中期経営計画でクラウド事業へ経営資源を集中し、M&Aを優先
Items this document does not state (8)
Progress against full-year forecastSelf-assessment against the planNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

クラウド事業の増収効果が成長投資の増加を上回ったため。2025年3月期は、増収効果に加えて広告宣伝費を費用対効果に応じて機動的に調整したことも営業利益の増加要因として説明している。2026年3月期は、増収効果と広告宣伝費の抑制で人件費やその他費用の増加を吸収する計画としている。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
FY ended March 2025 earnings presentation materials | RAKUS Co.,Ltd. (3923) timely disclosure | Komori