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

Presentation Materials for the Second-Quarter Financial Results for the Fiscal Year Ending March 2026

上期は増収と費用効率化により営業利益が大幅に増え、クラウド事業・IT人材事業ともに計画を上回って進捗した。これを踏まえて通期業績予想を上方修正し、年間配当予想も3.25円から3.40円へ引き上げた。

Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1000
百万円（営業利益の通期修正額）
Wording
Definitive
How definitive the wording is.

Contents of this document

Earnings presentation2026年3月期 第2四半期10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales28,781 million yen+25.1%
Operating profit7,708 million yen+65.4%
Net income6,311 million yen+73.8%
Selling, general and administrative expenses13,943 million yen
Gross Profit Margin
Rate75.2%
Year on year against the same period last year+1.3Pt
Operating profit margin
Rate26.8%
Year on year against the same period last year+6.5Pt
Results for the three months of the current quarter
Net Sales
14,699 million yen+24.7%
Operating profit
4,051 million yen+73.7%
Operating profit margin
27.6%
yoy+7.8Pt
Net income
2,773 million yen+77.9%
Full-year earnings forecast
Net Sales
60,000 million yen
Cost of sales
15,090 million yen
Gross profit
44,910 million yen
Selling, general and administrative expenses
28,910 million yen
Operating profit
16,000 million yen
Ordinary income
16,000 million yen
EBITDA
17,260 million yen
Profit attributable to owners of the parent
12,100 million yen
EPS
33.54 yen
Annual Dividend
3.4 yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
クラウド事業、IT人材事業ともに当初計画対比で上振れする見通し
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
Positive effect of higher Cloud Business revenue5,094
Positive effect of higher IT Human Resources Business revenue684
Increase in personnel expenses-200
広告宣伝費増加額-737
Increase in other expenses-1,792
期初計画比営業利益
Positive effect of higher Cloud Business revenue335
Positive effect of higher IT Human Resources Business revenue265
人件費減少額519
広告宣伝費増加額-226
その他費用減少額107
New initiatives
  • プラスアルファ・コンサルティング社との資本業務提携
  • タレントマネジメントシステムのOEMによる『楽楽人事労務』の開発・販売
  • メールディーラー・配配メールの『楽楽クラウド』へのブランド統合
  • 2025年10月からのベースアップ
  • 次期中期経営計画に向けたエンタープライズ戦略、クロスセル戦略、AI戦略
  • Establishment of a CAIO (Chief AI Officer) position
  • Two-for-one stock split
Key KPIsA metric the company considers important as a management benchmark.
  • Cloud Business ARR47,538 million yen
    Year on year against the same period last year+25.3%
  • クラウド事業ストック売上高比率92.9%
  • Active Rakuraku Seisan customers16,251 companies
  • Quarterly churn rate for Rakuraku Seisan (expense settlement)1.41%
  • Active Rakuraku Meisai customers13,316 companies
  • Quarterly churn rate for Rakuraku Meisai (electronic billing)0.54%
  • Active Rakuraku Hanbai customers3,782 companies
  • Quarterly churn rate for Rakuraku Hanbai (sales management)3.02%
    Year on year against the same period last year前年同期比では低下
  • Number of engineers1,020 people
    Year on year against the same period last year+25.6%
Segment results
Cloud Business
Net Sales
24,687 million yen+26.0%
Operating profit
7,067 million yen+68.0%
Operating profit margin
28.6%
yoy+7.2Pt
IT human resources business
Net Sales
4,093 million yen+20.1%
Operating profit
640 million yen+41.0%
Operating profit margin
15.7%
yoy+2.3Pt
Medium-term management plan targets
5か年売上高CAGR31%～32%
Target fiscal yearFiscal year ending March 2026
Net incomeAt least ¥10 billion
Net assetsAt least ¥20 billion
実績・達成見込売上高CAGR・純利益は2026年3月期達成見込、純資産は2025年3月期に達成済み
Number of employees
Number of Employees3,301 people
Year on year against the same period last year+18.3%
Cloud Business2,004 people
IT human resources business1,126 people
Annual Dividend
Annual dividend per share3.4 yen
Payout ratio
Payout ratio10%超を目安
Total payout ratio26.7%
Acquisition of treasury shares
2,000 million yen
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period Covered2026年3月期 第2四半期
Net Sales28,781 million yen (YoY +25.1%)
Operating profit7,708 million yen (YoY +65.4%)
Net income6,311 million yen (YoY +73.8%)
Gross Profit MarginRate 75.2% / Year on year against the same period last year +1.3Pt
Operating profit marginRate 26.8% / Year on year against the same period last year +6.5Pt
Selling, general and administrative expenses13,943 million yen
Results for the three months of the current quarterNet Sales 14,699 million yen (YoY +24.7%) / Operating profit 4,051 million yen (YoY +73.7%) / Operating profit margin 27.6% / Net income 2,773 million yen (YoY +77.9%)
Full-year earnings forecastNet Sales 60,000 million yen / Cost of sales 15,090 million yen / Gross profit 44,910 million yen / Selling, general and administrative expenses 28,910 million yen / Operating profit 16,000 million yen / Ordinary income 16,000 million yen / EBITDA 17,260 million yen / Profit attributable to owners of the parent 12,100 million yen / EPS 33.54 yen / Annual Dividend 3.4 yen
Self-assessment against the planクラウド事業、IT人材事業ともに当初計画対比で上振れする見通し
Segment resultsCloud Business Net Sales 24,687 million yen (YoY +26.0%) / Operating profit 7,067 million yen (YoY +68.0%) / Operating profit margin 28.6% / IT human resources business Net Sales 4,093 million yen (YoY +20.1%) / Operating profit 640 million yen (YoY +41.0%) / Operating profit margin 15.7%
Breakdown of Factors Affecting the ChangeYear-on-year operating profit Positive effect of higher Cloud Business revenue 5,094 / Positive effect of higher IT Human Resources Business revenue 684 / Increase in personnel expenses -200 / 広告宣伝費増加額 -737 / Increase in other expenses -1,792 / 期初計画比営業利益 Positive effect of higher Cloud Business revenue 335 / Positive effect of higher IT Human Resources Business revenue 265 / 人件費減少額 519 / 広告宣伝費増加額 -226 / その他費用減少額 107
Key KPIsIndicator name Cloud Business ARR / Value 47,538 million yen / Year on year against the same period last year 25.3 million yen, Indicator name クラウド事業ストック売上高比率 / Value 92.9% / Year on year against the same period last year Not disclosed, Indicator name Active Rakuraku Seisan customers / Value 16,251 companies / Year on year against the same period last year Not disclosed, Indicator name Quarterly churn rate for Rakuraku Seisan (expense settlement) / Value 1.41% / Year on year against the same period last year Not disclosed, Indicator name Active Rakuraku Meisai customers / Value 13,316 companies / Year on year against the same period last year Not disclosed, Indicator name Quarterly churn rate for Rakuraku Meisai (electronic billing) / Value 0.54% / Year on year against the same period last year Not disclosed, Indicator name Active Rakuraku Hanbai customers / Value 3,782 companies / Year on year against the same period last year Not disclosed, Indicator name Quarterly churn rate for Rakuraku Hanbai (sales management) / Value 3.02% / Year on year against the same period last year 前年同期比では低下, Indicator name Number of engineers / Value 1,020 people / Year on year against the same period last year 25.6 people
Number of employeesNumber of Employees 3,301 people / Year on year against the same period last year 18.3 people / Cloud Business 2,004 people / IT human resources business 1,126 people
Medium-term management plan targets5か年売上高CAGR 31%～32% / Target fiscal year Fiscal year ending March 2026 / Net income At least ¥10 billion / Net assets At least ¥20 billion / 実績・達成見込 売上高CAGR・純利益は2026年3月期達成見込、純資産は2025年3月期に達成済み
Annual DividendAnnual dividend per share 3.4 yen / Interim Not disclosed / End of period Not disclosed
Payout ratioPayout ratio 10%超を目安 / Total payout ratio 26.7%
Acquisition of treasury sharesAmount 2,000 million yen / Number of Shares Not disclosed / Period Not disclosed
New initiativesプラスアルファ・コンサルティング社との資本業務提携, タレントマネジメントシステムのOEMによる『楽楽人事労務』の開発・販売, メールディーラー・配配メールの『楽楽クラウド』へのブランド統合, 2025年10月からのベースアップ, 次期中期経営計画に向けたエンタープライズ戦略、クロスセル戦略、AI戦略, Establishment of a CAIO (Chief AI Officer) position, Two-for-one stock split
Items this document does not state (11)
Ordinary incomeProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.

上期実績、費用計画の見直し、各事業の順調な進捗、経費効率化を踏まえ、通期業績予想を上方修正した。営業利益は増収効果に加え、人件費の減少や効率的な広告宣伝費の投下などが寄与した。

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.
Presentation Materials for the Second-Quarter Financial Results for the Fiscal Year Ending March 2026 | RAKUS Co.,Ltd. (3923) timely disclosure | Komori