Cyber Security Cloud (4493) Q1 2025 earnings summary

Executive summary

• Revenue for 1Q FY2025 reached 1.19 billion yen, up 24.4% year-over-year, driven by strong growth in WafCharm and CloudFastener.

• Operating income declined 23.6% year-over-year to 240 million yen due to increased personnel and development costs.

• Net income attributable to owners fell 30.9% year-over-year to 162 million yen.

• Comprehensive income for the quarter was 160 million yen, down from 235 million yen a year earlier.

• Churn rates for core products remained low and stable: Shadankun at 1.06%, WafCharm at 0.79%.

Financial highlights

• Gross profit increased 10.5% year-over-year to 762 million yen, with a gross margin of 64.3%.

• Selling, general and administrative expenses rose to 521.9 million yen from 375.1 million yen year-over-year.

• Earnings per share for the quarter were 17.18 yen, down from 25.23 yen year-over-year.

• Total assets increased to 4,840 million yen as of March 31, 2025, from 3,016 million yen at December 31, 2024.

• Equity ratio improved to 75.8% from 55.3% at the previous year-end.

Outlook and guidance

• FY2025 revenue target is 5 billion yen, with an operating income target of 1 billion yen.

• Full-year profit attributable to owners of parent expected to reach 693 million yen, up 20.6% year-over-year.

• Full-year earnings per share forecasted at 75.42 yen.

• Dividend forecast for the year is 5.00 yen per share.

• Focus remains on expanding global presence and increasing overseas sales ratio to 10%.