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Financial results presentation4498Cybertrust Japan Co.,Ltd.Information and Communications, Services and Others

Fiscal Year Ending March 2027 Second-Quarter Earnings Briefing Report (Transcript)

In the first half, both revenue and operating profit exceeded the year-earlier period, reaching record highs for a second quarter. Growth in iTrust and Linux support offset a decline in server certificate revenue, while the full-year forecast was left unchanged pending further review of uncertainties.

Worth reading
48Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
13
Year-on-year change in revenue (%)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Earnings briefing transcriptSecond quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,426 million+13.0%
Operating profit¥900 million+28.6%
Ordinary income¥918 million+30.0%
Net income¥610 million+62.7%
Operating profit margin20.1%; year-on-year change: Not disclosed
Results for the three months of the current quarterRecurring service revenue exceeded ¥1.5 billion in the second quarter alone, a record high. Companywide revenue and profit for the quarter alone: Not disclosed
Full-year earnings forecast
Net Sales
¥9,250 million
Operating profit
¥1,860 million
Ordinary income
¥1,867 million
Net income
¥1,240 million
EBITDA
¥2,516 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The first half progressed smoothly.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Trust Services
Recurring services274
Licensing23
Professional Services-11
Platform Services
Recurring services29
Licensing54
Professional Services139
New initiatives
  • Launch of a domestic key management service capable of supporting post-quantum cryptography (PQC)
  • Launch of a support solution including certificate issuance and operational outsourcing for Matter-compatible devices
  • Launch of the TuxCare ELS PHP Emergency Response Pack
Key KPIsA metric the company considers important as a management benchmark.
  • iTrust revenueUp 80% year on year
    Year on year against the same period last year80% increase
  • Identity verification revenue2.2x year on year
    Year on year against the same period last year2.2x
  • Electronic signature revenueUp 51% year on year
    Year on year against the same period last year51% increase
  • Vulnerability assessment revenue20% increase year on year
    Year on year against the same period last year20% increase
  • iTrust recurring revenue mix39 %
    Year on year against the same period last yearIncreased from 25% to 39%
  • Number of iTrust transactions4,031 ten thousand items
    Year on year against the same period last year62% increase
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of iTrust transactions (40.31 million in the first-half cumulative total, up 62% year on year)
Segment results
Trust Services
Net Sales
¥2,486 million+13.0%
Platform Services
Net Sales
¥1,940 million+13.0%
Orders received and order backlog
Amount: Not disclosed. Continued to win orders for large-scale commissioned development projects
Annual Dividend
Annual dividend per share¥14.00
Interim Dividend¥0.00
Year-end dividend¥14.00
Contents of this document
ItemDetails
Document typeEarnings briefing transcript
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥4,426 million (YoY +13.0%)
Operating profit¥900 million (YoY +28.6%)
Ordinary income¥918 million (YoY +30.0%)
Net income¥610 million (YoY +62.7%)
Operating profit margin20.1%; year-on-year change: Not disclosed
Results for the three months of the current quarterRecurring service revenue exceeded ¥1.5 billion in the second quarter alone, a record high. Companywide revenue and profit for the quarter alone: Not disclosed
Full-year earnings forecastNet Sales ¥9,250 million / Operating profit ¥1,860 million / Ordinary income ¥1,867 million / Net income ¥1,240 million / EBITDA ¥2,516 million
Self-assessment against the planThe first half progressed smoothly.
Segment resultsTrust Services Net Sales ¥2,486 million (YoY +13.0%) / Profit Not disclosed / Platform Services Net Sales ¥1,940 million (YoY +13.0%) / Profit Not disclosed
Breakdown of Factors Affecting the ChangeTrust Services Recurring services 274 / Licensing 23 / Professional Services -11 / Platform Services Recurring services 29 / Licensing 54 / Professional Services 139
Key KPIsIndicator name iTrust revenue / Value Up 80% year on year / Year on year against the same period last year 80% increase, Indicator name Identity verification revenue / Value 2.2x year on year / Year on year against the same period last year 2.2x, Indicator name Electronic signature revenue / Value Up 51% year on year / Year on year against the same period last year 51% increase, Indicator name Vulnerability assessment revenue / Value 20% increase year on year / Year on year against the same period last year 20% increase, Indicator name iTrust recurring revenue mix / Value 39 % / Year on year against the same period last year Increased from 25% to 39%, Indicator name Number of iTrust transactions / Value 4,031 ten thousand items / Year on year against the same period last year 62% increase
Unit price and quantity metricsNumber of iTrust transactions (40.31 million in the first-half cumulative total, up 62% year on year)
Annual DividendAnnual dividend per share ¥14.00 / Interim Dividend ¥0.00 / Year-end dividend ¥14.00
Orders received and order backlogAmount: Not disclosed. Continued to win orders for large-scale commissioned development projects
New initiativesLaunch of a domestic key management service capable of supporting post-quantum cryptography (PQC), Launch of a support solution including certificate issuance and operational outsourcing for Matter-compatible devices, Launch of the TuxCare ELS PHP Emergency Response Pack
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresMarket 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.

Accelerated growth in iTrust, broader use of identity verification by financial institutions and other customers, and steady performance in comprehensive Linux OS support and large-scale commissioned development projects contributed to higher revenue. Server certificate revenue declined due to the impact of shorter validity periods, and an impact from the temporary suspension of the issuance service is also expected.

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Fiscal Year Ending March 2027 Second-Quarter Earnings Briefing Report (Transcript) | Cybertrust Japan Co.,Ltd. (4498) timely disclosure | Komori