To Our Shareholders and Investors (2024)
Excerpt from the notice of convocation of the 19th Ordinary General Meeting of Shareholders

For the fiscal year ending April 2024, we achieved sales of 8,385 million yen, a 41.8% increase compared to the previous year, and operating profit of 1,735 million yen, up 94.1% year-on-year, with an operating margin of 20.7%. This represents significant growth over the previous year. Additionally, our newly implemented medium-term management plan has started strong, with ARR reaching 5,932 million yen, exceeding our plan by 6.1%. We extend our deepest gratitude for your continued support.

The growth was driven not only by the strong performance of our flagship service, the Smaregi POS system, but also by the cashless payment business we acquired approximately two and a half years ago in December 2021. This business, which was running a loss of 600 million yen annually at the time of acquisition, has now turned profitable thanks to the dedicated PMI efforts of all our departments. This achievement not only contributed directly to our financial results but also provided us with valuable experience, fueling our enthusiasm for future M&A opportunities.

As we move into the fiscal year ending April 2025, we plan to continue our focus on lean management while making strategic investments to drive sustained high growth. While bold moves can be important, our priority will be to steadily refine all aspects of our operations and enhance our services. This year marks the 20th anniversary of our company, and as previously disclosed, we are on track to surpass the milestone of 10 billion yen in sales. We are committed to making this milestone year truly memorable.