To Our Shareholders and Investors (2025)
Excerpt from the notice of convocation of the 20th Ordinary General Meeting of Shareholders
I was appointed Representative Director as of July 2024.
I would like to take this opportunity to sincerely thank all of our shareholders for your continued support of our company
Having served as Chief Technology Officer and led our product development efforts for many years, I bring to this role a deep understanding of both our technology and frontline operations. As I take on the broader responsibilities of corporate management, I remain committed to building a highly effective organization with a strong foundation in technology and execution.
For the fiscal year ended April 2025, we delivered strong results, exceeding our full-year guidance.
Consolidated revenue reached ¥11.066 billion, up 32.0% year over year, while operating profit rose 36.9% to ¥2.375 billion,representing an operating margin of 21.5%.
Our Annual Recurring Revenue (ARR) also grew significantly to ¥8.679 billion, a 46.3% increase from the previous year, reflecting continued stable growth driven by our subscription-based business model. Notably, the cashless payment business we acquired through M&A has made a meaningful contribution, now accounting for over 20% of our total ARR.
*(Note: Year-over-year comparisons are based on non-consolidated figures from the previous fiscal year.)
Marking Our 20th Anniversary
This fiscal year marked our 20th anniversary, and we are pleased to have initiated our first-ever shareholder return in the form of a year-end dividend. Importantly, this is not a one-off commemorative gesture, but the first step in our ongoing commitment to balancing growth and shareholder returns.
In October 2024, we established a new Mission, Vision, and Values (MVV) to clearly articulate our purpose and future direction.
Furthermore, in December, we welcomed Netshop Supporters Co., Ltd., a provider of e-commerce support services, as a wholly owned subsidiary—an initiative aimed at delivering integrated value that transcends the boundaries between brick-and-mortar and online businesses.
Looking Ahead : The Next Decade
Looking ahead to the fiscal year ending April 2026, we are targeting revenue of ¥13.8 billion, representing a 25.2% year-over-year growth.
We will continue to drive sustainable corporate value through enhanced cross-selling strategies, deeper product integration, and investment in talent acquisition and development.
As we are on track to achieve our current medium-term management plan ahead of schedule, we intend to announce a new plan shortly.
Following the conclusion of 20th General Meeting of Shareholders, Chairman Yamamoto and Vice President Minato, who have long guided the company’s growth, will retire from the Board of Directors.
With a renewed management team, we are entering a new phase, aiming to evolve further over the next decade.
We ask for your continued support as we embark on this next chapter together.
July 2025
Ryuhei Miyazaki
