Toyokumo FY 2024 & Q4 results

Strong results and even better guidance

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Welcome,

In this Earnings Update, I will have a closer look at the recently published results of Toyokumo.

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On February 13, Toyokumo published its FY 2024 & Q4 2024 results:

FY 2024:

• Sales +29.3 %

  • Safety Confirmation Services +21.4 %

  • Kintone-related Services +33.6 %

• Operating Profit (EBITDA) +32.8 %

  • EBITDA margin of 36.9 % (vs. 35.9 %)

• Ordinary Profit (EBIT) +32.9 %

  • EBIT margin of 36.9 % (vs. 35.9 %)

• Net income +33.3 %

  • Net income margin of 26.7 % (vs. 25.9 %)

These results are above the (already increased) guidance. Initially, the company only expected sales growth of 23.2 % and EBITDA growth of 14.3 %. With these results, the company is not only achieving the rule of 40, it also exceeds the rule of 60.