Improving operating leverage through sales growth
First written in FY2024-Q2. 3 of 4 entries say "Advanced", first in FY2025. Latest entry: 2026-08-13.
- FY2025AdvancedAnnual report
「The operating profit growth rate for the consolidated fiscal year was 45.6%. The main factors were growth in recurring revenue, which makes a significant contribution to profit, accompanying an increase in the number of payment transactions and GMV (gross payment volume); an increase in high-margin development revenue as progress was made in addressing major projects scheduled for implementation; and a rise in the sales mix of high-margin terminals within payment terminal sales, which account for most initial revenue.」
It explains that, despite a decline in revenue, it achieved an operating profit growth rate of 45.6% through recurring revenue, development revenue associated with major projects and a higher mix of high-margin terminals. - FY2024-Q2First statedAnnual report
「At the same time, the Company actively continued recruiting personnel, providing returns to officers and employees, and making various growth investments to support growth during the second quarter consolidated accounting period, while achieving strong operating profit growth through improved operating leverage (Note) accompanying the expansion of revenue.」
It explicitly identifies for the first time operating leverage, whereby revenue growth absorbs fixed and variable costs and raises the profit growth rate while the company actively hires personnel and invests for growth, as a mechanism for profit growth.