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Presentation materials for financial results4060rakumo Inc.Information and Communications, Services and Others

Financial Results Presentation for the First Quarter of the Fiscal Year Ending December 2026

In the first quarter of FY2026 December, revenue and operating profit increased, driven by price revisions and the addition of 2 newly consolidated subsidiaries. However, the profit margin and net income declined due to higher amortization of goodwill and personnel expenses.

Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
35.5
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFirst quarter of the fiscal year ending December 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥535 million+35.5%
Operating profit¥120 million+10.1%
Ordinary income¥115 million+6.1%
Net income¥67 million-5.6%
Operating profit margin22.5
Selling, general and administrative expenses¥257 million
Results for the three months of the current quarterRevenue of ¥535 million, operating profit of ¥120 million, ordinary profit of ¥115 million, net income of ¥67 million, and adjusted EBITA of ¥171 million. All figures represent standalone first-quarter results.
Full-year earnings forecast
Net Sales
¥2,330 million
Adjusted EBITA
¥770 million
Operating profit
¥550 million
Ordinary income
¥540 million
Net income for the current fiscal year
¥318 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales23
Adjusted EBITA22.2
Operating profit21.9
Ordinary income21.3
Net income for the current fiscal year20.9
Cost of sales23.3
Selling, general and administrative expenses23.3
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing as planned / progressing smoothly
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
  1. Reasons for the increase in revenue: price revisions, initiatives for local governments, and the impact of 2 newly consolidated subsidiaries.
  2. Reasons for the increase in the SG&A ratio: personnel expenses increased by ¥45 million and amortization of goodwill and other items increased by ¥33 million.
  3. Reasons for disclosing adjusted net income and EPS: to present recurring profit after adjusting for the effects of M&A, amortization of goodwill, and other items.
  4. Progress on price revisions: progressing smoothly, above the planned level.
  5. Enhancement of shareholder returns: considering expanded shareholder benefits, share repurchases, and achieving a 30% payout ratio.
  6. Impact of collaboration: no direct impact at present, with an impact expected to emerge gradually from the second quarter onward.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesPrice revisions, initiatives for local governments, and 2 newly consolidated subsidiaries
Cost of sales
Production costs32
Server costs for Google20
Personnel Expenses6
Selling, general and administrative expenses
Personnel Expenses45
Amortization of goodwill and other intangible assets33
Share-based compensation expense3
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The forecast assumes that revenue and profit will build in the second half, reflecting progress on price revisions and the cumulative nature of the business model. Numerical assumptions were not disclosed.
New initiatives
  • Started development of rakumo Workflow for Microsoft 365
  • Added an external scheduling function to rakumo Calendar
  • Started agency sales of Gemini Enterprise
  • Started collaboration with Cyber Solutions Inc.
  • Started a strategic partnership with RAKUS Co., Ltd.
  • Introduction of a Shareholder Benefit Program
Key KPIsA metric the company considers important as a management benchmark.
  • ARR19.4 Hundreds of millions of yen+18.7%
  • ARPU¥757 thousand+15.1%
  • Number of paid licenses124 10,000 IDs+0.1%
  • License revenue5.3 Hundreds of millions of yen+36.7%
  • Churn rate0.89 %
  • Number of clients2,558 companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales per license
¥1,260+12.2%
Sales per client
¥51,094+8.9%
Number of paid licenses
124 10,000 IDs+0.1%
Number of clients
2,558 companies
Segment results
rakumo services
Net Sales
¥411 million
Year on year against the same period last year+10.5%
Other Services
Net Sales
¥124 million
Year on year against the same period last year+435.9%
Medium-term management plan targets
Payout ratio30 %
Price target2,000 %
Target share price unit¥
Market Size / Share
Japan groupware market
FY2025¥636.5 billion
FY2028¥740.1 billion
Google/Microsoft market share93%
Number of employees
130 approximately people
As ofEnd of December 2025
Annual Dividend
¥14 per share
Payout ratio
30
Acquisition of treasury shares
The company stated that it is considering share repurchases. The repurchase limit, number of shares, and period were not disclosed.
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFirst quarter of the fiscal year ending December 2026
Net Sales¥535 million (YoY +35.5%)
Operating profit¥120 million (YoY +10.1%)
Ordinary income¥115 million (YoY +6.1%)
Net income¥67 million (YoY -5.6%)
Operating profit margin22.5
Selling, general and administrative expenses¥257 million
Results for the three months of the current quarterRevenue of ¥535 million, operating profit of ¥120 million, ordinary profit of ¥115 million, net income of ¥67 million, and adjusted EBITA of ¥171 million. All figures represent standalone first-quarter results.
Full-year earnings forecastNet Sales ¥2,330 million / Adjusted EBITA ¥770 million / Operating profit ¥550 million / Ordinary income ¥540 million / Net income for the current fiscal year ¥318 million
Progress against full-year forecastNet Sales 23 / Adjusted EBITA 22.2 / Operating profit 21.9 / Ordinary income 21.3 / Net income for the current fiscal year 20.9 / Cost of sales 23.3 / Selling, general and administrative expenses 23.3
Self-assessment against the planProgressing as planned / progressing smoothly
Segment resultsrakumo services Net Sales ¥411 million / yoy_pct 10.5 / Other Services Net Sales ¥124 million / yoy_pct 435.9
Breakdown of Factors Affecting the ChangeNet Sales Price revisions, initiatives for local governments, and 2 newly consolidated subsidiaries / Cost of sales Production costs 32 / Server costs for Google 20 / Personnel Expenses 6 / Selling, general and administrative expenses Personnel Expenses 45 / Amortization of goodwill and other intangible assets 33 / Share-based compensation expense 3
Key KPIsARR 19.4 Hundreds of millions of yen (YoY +18.7%), ARPU ¥757 thousand (YoY +15.1%), Number of paid licenses 124 10,000 IDs (YoY +0.1%), License revenue 5.3 Hundreds of millions of yen (YoY +36.7%), Churn rate 0.89 %, Number of clients 2,558 companies
Unit price and quantity metricsSales per license ¥1,260 (YoY +12.2%) / Sales per client ¥51,094 (YoY +8.9%) / Number of paid licenses 124 10,000 IDs (YoY +0.1%) / Number of clients 2,558 companies
Number of employees130 approximately people
Assumptions Underlying the Business OutlookThe forecast assumes that revenue and profit will build in the second half, reflecting progress on price revisions and the cumulative nature of the business model. Numerical assumptions were not disclosed.
Medium-term management plan targetsPayout ratio 30 % / Price target 2,000 % / Target share price unit ¥
Annual Dividend¥14 per share
Payout ratio30
Acquisition of treasury sharesThe company stated that it is considering share repurchases. The repurchase limit, number of shares, and period were not disclosed.
Market Size / ShareJapan groupware market FY2025 ¥636.5 billion / FY2028 ¥740.1 billion / Google/Microsoft market share 93%
Key points of the Q&AReasons for the increase in revenue: price revisions, initiatives for local governments, and the impact of 2 newly consolidated subsidiaries., Reasons for the increase in the SG&A ratio: personnel expenses increased by ¥45 million and amortization of goodwill and other items increased by ¥33 million., Reasons for disclosing adjusted net income and EPS: to present recurring profit after adjusting for the effects of M&A, amortization of goodwill, and other items., Progress on price revisions: progressing smoothly, above the planned level., Enhancement of shareholder returns: considering expanded shareholder benefits, share repurchases, and achieving a 30% payout ratio., Impact of collaboration: no direct impact at present, with an impact expected to emerge gradually from the second quarter onward.
New initiativesStarted development of rakumo Workflow for Microsoft 365, Added an external scheduling function to rakumo Calendar, Started agency sales of Gemini Enterprise, Started collaboration with Cyber Solutions Inc., Started a strategic partnership with RAKUS Co., Ltd., Introduction of a Shareholder Benefit Program
Items this document does not state (6)
Gross Profit MarginNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlog

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.

Revenue increased due to progress on price revisions, growth in the rakumo service, initiatives for local governments, and the impact of 2 newly consolidated subsidiaries. On the profit front, higher revenue and a high contribution margin contributed to the increase in profit, while personnel expenses, amortization of goodwill and other items, and server costs also increased.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the First Quarter of the Fiscal Year Ending December 2026 | rakumo Inc. (4060) timely disclosure | Komori