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Investor Presentaiton

ALL Highlights in FY11/21 Q2 • • • Consolidated net sales for Q2 increased by 42% YoY to ¥3.99 billion. Net sales trended steadily, achieving 47.4% to 50.6% of full-year forecasts (compared with 46.1% in FY11/20 Q2*1). Excluding Finance domain, consolidated net sales for Q2 increased by 46% YoY. The high growth was driven in particular by net sales of Business domain, which grew 53% YoY. 11 Gross profit grew steadily, up 53% YoY to reach ¥2.84 billion. EBITDA was approx. ¥0.29 billion and continued to be in the black. SaaS ARR*2, the total of the Group's recurring revenue, increased by 40% YoY to ¥9.7 billion. Growth was driven by ARR for corporate customers in Business domain, which grew 50% YoY. • Announced an agreement to establish a joint venture*3 with MUFG Bank, Ltd, and plans to launch online factoring services for SMEs. ● *1 Transferred market listing to the First Section of TSE on June 14, complying with the listing standards for the Prime Market in the new market category*4. Achievement rate of net sales for FY11/20 Q2 to net sales for FY11/20. FY11/20 full-year net sales include R&AC Co., Ltd. net sales booked during the four months after M&A (consolidation). SaaS ARR is 12 times the MRR of Home, Business, and X domains in the last month of each term. See page 13 for the definition of SaaS ARR. Expected to be established around the summer of 2021. *2 *3 *4 Based on the results of the initial determination of compliance with the criteria for listing in the new market category by TSE.
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