DATA
SECTION

DATA
SECTION

01.Financial Information

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*Consolidated Statements of Income, Consolidated Statements of Financial Position, and Consolidated Statements of Cash Flows are also available for download here.

Financial Highlights

（million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Revenue 6,921 6,576 6,186 6,067 7,120 7,754 6,735 7,097 7,314 7,398 7,790 8,442
Revenue by Solutions BDS 4,385 4,362 3,878 3,868 4,687 5,176 4,369 4,528 4,831 4,778 5,361 5,283
DE 2,536 2,214 2,308 2,199 2,432 2,578 2,366 2,568 2,482 2,619 2,428 3,159
（DE Ratio） 36.6% 33.7% 37.3% 36.3% 34.2% 33.2% 35.1% 36.2% 33.9% 35.4% 31.2% 37.4%
Revenue by Contract Licenses/ services 3,156 2,675 2,127 1,884 2,875 3,463 2,378 2,495 2,638 2,436 2,606 2,976
Recurring Revenue（*1） 3,765 3,900 4,059 4,182 4,244 4,291 4,357 4,601 4,676 4,961 5,184 5,466
（Ratio of Recurring Revenue） 54.4% 59.3% 65.6% 68.9% 59.6% 55.3% 64.7% 64.8% 63.9% 67.1% 66.5% 64.7%
Cloud services revenue 960 1,011 1,110 1,201 1,260 1,269 1,307 1,408 1,450 1,669 1,878 2,075
（Ratio of Cloud services revenue） 13.9% 15.4% 17.9% 19.8% 17.7% 16.4% 19.4% 19.8% 19.8% 22.6% 24.1% 24.6%
Retention rate（*2） 95.0% 94.7% 94.8% 94.0% 91.2% 92.3% 93.2% 93.7% 92.4% 93.1% 93.4% 93.4%
EBITDA（*3） 2,883 2,451 1,867 1,394 2,761 2,905 1,935 2,047 2,467 2,389 2,496 3,174
EBITDA Margin 41.7% 37.3% 30.2% 23.0% 38.8% 37.5% 28.7% 28.8% 33.7% 32.3% 32.0% 37.6%
Profit for Period 1,837 1,557 1,104 911 1,748 1,848 1,105 1,226 1,466 1,471 1,484 2,077
Free Cash Flow（*4） 1,760 3,821 4,508 6,239 1,640 3,051 4,930 6,539 1,686 1,742 2,424 4,302
Cash and cash equivalents 12,106 13,112 12,644 12,986 13,014 13,575 13,886 14,715 14,135 13,390 12,222 13,339
Interest-bearing debt 12,217 11,222 11,227 9,942 10,034 9,304 9,289 8,558 8,546 7,827 7,829 7,177
Net Debt/Adjusted EBITDA Ratio 0.01 -0.23 -0.17 -0.35 -0.35 -0.48 -0.51 -0.64 -0.60 -0.63 -0.47 -0.59
Number of employees 835 849 870 881 910 991 998 1,002 1,032 1,133 1,130 1,126
Number of issued shares 34,585,770 34,629,270 34,797,470 34,823,070 34,840,370 34,866,470 34,895,070 34,932,870 34,956,270 34,987,170 35,000,970 35,009,470
（Number of treasury stock） 228,554 228,584 228,627 228,664 228,664 228,664 228,664 228,664 228,712 228,712 228,712 228,712

Revenue by Solutions

（million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
BDS SVF 3,813 3,675 3,345 3,312 4,098 4,202 3,473 3,513 3,913 3,716 4,081 3,921
invoiceAgent 497 621 482 493 534 583 550 604 604 598 658 626
Others 74 65 49 61 54 390 345 410 312 463 621 734
Subtotal 4,385 4,362 3,878 3,868 4,687 5,176 4,369 4,528 4,831 4,778 5,361 5,283
DE Dr.Sum 809 781 754 718 893 873 830 800 831 851 821 1,014
Motion
Board		 1,123 886 839 802 949 994 853 963 935 1,016 892 1,114
Others 603 545 713 679 589 710 682 804 716 751 714 1,031
Subtotal 2,536 2,214 2,308 2,199 2,432 2,578 2,366 2,568 2,482 2,619 2,428 3,159
Total 6,921 6,576 6,186 6,067 7,120 7,754 6,735 7,097 7,314 7,398 7,790 8,442

Revenue by Contract

 （million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Licenses/ services 3,156 2,675 2,127 1,884 2,875 3,463 2,378 2,495 2,638 2,436 2,606 2,976
Recurring Maintenance 2,568 2,635 2,672 2,702 2,673 2,698 2,698 2,809 2,810 2,833 2,826 2,875
Cloud 960 1,011 1,110 1,201 1,260 1,269 1,307 1,408 1,450 1,669 1,878 2,075
Subscriptions 236 254 275 279 311 323 350 383 415 458 478 515
Subtotal 3,765 3,900 4,059 4,182 4,244 4,291 4,357 4,601 4,676 4,961 5,184 5,466
Total 6,921 6,576 6,186 6,067 7,120 7,754 6,735 7,097 7,314 7,398 7,790 8,442

Business Document Solutions（BDS）

SVF

（million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Licenses/ services 1,715 1,505 1,149 1,090 1,881 1,961 1,205 1,134 1,490 1,219 1,553 1,341
Recurring Maintenance 1,790 1,838 1,849 1,870 1,832 1,842 1,839 1,911 1,922 1,937 1,930 1,962
Cloud 177 193 202 211 218 221 232 260 260 291 316 330
Subscriptions 128 137 145 140 165 177 195 207 239 267 281 288
Subtotal 2,097 2,169 2,196 2,222 2,216 2,241 2,267 2,379 2,423 2,496 2,528 2,580
Total 3,813 3,675 3,345 3,312 4,098 4,202 3,473 3,513 3,913 3,716 4,081 3,921

invoiceAgent

（million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Licenses/ services 216 279 57 25 36 77 27 33 40 22 65 10
Recurring Maintenance 80 89 101 102 108 107 102 113 110 111 111 114
Cloud 167 212 270 307 321 328 342 365 369 375 390 405
Subscriptions 32 39 53 58 68 70 78 90 84 89 91 96
Subtotal 281 341 425 468 498 505 523 570 563 576 592 615
Total 497 621 482 493 534 583 550 604 604 598 658 626

Others

（million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Licenses/ services 74 65 49 61 54 390 345 410 312 286 295 301
Recurring Cloud 　 　 　 　 　 　 　 　 　 177 326 433
Total 74 65 49 61 54 390 345 410 312 463 621 734

Data Empowerment Solutions（DE）

Dr.Sum

（million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Licenses/ services 261 216 175 121 290 258 197 140 158 156 116 288
Recurring Maintenance 453 458 464 465 466 475 480 493 490 496 492 497
Cloud 66 76 84 97 105 111 125 135 147 156 166 171
Subscriptions 27 30 31 32 30 27 27 30 35 40 45 56
Subtotal 547 564 579 596 602 615 632 659 673 694 704 725
Total 809 781 754 718 893 873 830 800 831 851 821 1,014

MotionBoard

（million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Licenses/ services 461 233 149 92 211 246 90 162 139 217 113 303
Recurring Maintenance 243 248 258 263 265 273 276 290 286 287 291 301
Cloud 371 356 386 398 426 425 436 456 453 450 427 444
Subscriptions 47 47 45 47 47 48 49 54 56 60 60 65
Subtotal 662 652 690 709 738 747 762 801 796 798 779 811
Total 1,123 886 839 802 949 994 853 963 935 1,016 892 1,114

Others

（million yen） FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Licenses/ services 425 373 545 493 401 529 511 614 496 534 462 741
Recurring Cloud 177 171 167 185 188 181 170 190 219 217 252 289
Total 603 545 713 679 589 710 682 804 716 751 714 1,031

Number of companies

Number of companies FY2024 FY2025 FY2026
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
SVF Cloud 853 874 914 944 977 986 1,011 1,048 1,069 1,092 1,126 1,139
MotionBoard Cloud 806 835 891 927 962 982 1,018 1,072 1,087 1,071 1,036 1,042
invoiceAgent 495 571 694 772 810 840 869 881 887 908 923 937
Dr.Sum Cloud 37 50 61 71 82 88 97 104 108 117 126 138
  • Recurring Revenue：Total sales related to transactions assuming ongoing agreements, such as maintenance, service subscriptions (a form of agreement that collects charges according to the period of use, not the purchase of software) and cloud services.
  • Retention rate：The percentage of "SVF", "invoiceAgent", "Dr.Sum", "MotionBoard" contracts which were actually renewed in terms of monetary amounts, relative to the total contracts eligible for renewal during the relevant period.
  • EBITDA=Operating profit + Depreciation and amortization expenses
    The Group has disclosed "adjusted EBITDA" and "adjusted profit" (hereinafter, "adjusted indicators") as important management indicators thus far, but will not disclose "adjusted indicators" from the fiscal year ending February 29, 2024 as expenses for which adjustments are deemed necessary when making investment decisions have, for the most part, not arisen since the fiscal year ended February 28, 2022. For the fiscal year ended February 28, 2023 and before, the Group presents "adjusted EBITDA" and "adjusted profit," for which one-time expenses were adjusted.
  • Free Cash Flow = Cash flows from operating activities + Cash flows from investing activities

02.ESG Data

Society

Items *1 Units FY2023 FY2024 FY2025
Number of Employees employees 776 819 836
Men employees 583 613 616
Women employees 193 206 220
Ratio of men ％ 75.1% 74.8% 73.7%
Ratio of women ％ 24.9% 25.2% 26.3%
Ratio of women in management positions *2 ％ 11.9% 11.6% 16.4%
Average length of service *3 yrs 5.0 5.5 6.2
Turnover rate ％ 3.1% 4.9% 5.2%
Average overtime hours per month h 19.7 18.6 18.1
Ratio of employees taking paid leave ％ 70.2% 74.0% 71.4%
Ratio of employees taking childcare leave (men) ％ 85.7% 80.9% 100.0%
Ratio of employees taking childcare leave (women) ％ 100% 100% 100.0%
Ratio of employees taking medical exams ％ 100% 100% 100.0%
Number of working from home system users ％ 100% 100% 100.0%
Ratio of employees participating in diversity training ％ 98.7% 98.9% 100.0%
  • Each item is the actual results of WingArc1st (non-consolidated).
  • Management positions refer to those at group manager level (division managers) and higher.
  • The average length of service is calculated after June 2016 based on the information in annual reports.

Environment

Items * Units FY2023 FY2024 FY2025
SCOPE 1: Direct greenhouse gas emissions t-co2 11 14 15
SCOPE 2: Indirect greenhouse gas emissions t-co2 676 166 89
SCOPE 3: Indirect greenhouse gas emissions t-co2 8,664 6,644 7,136
Total emissions t-co2 9,351 6,823 7,240
Breakdown of SCOPE 3     　 　
Category 1: Purchased products and services t-co2 5,580 4,761 4,654
Category 2: Capital goods t-co2 1,980 869 1,541
Category 3: Activities related to fuel and energy that are not included in Scope 1 and 2 t-co2 101 25 16
Category 5: Waste from business operations t-co2 0 0 0
Category 6: Business trips t-co2 771 741 664
Category 7: Employee commute t-co2 232 248 255
      　 　
CO2 emissions per sale t-co2/1M JPY 0.37 0.25 0.26

* Each item is the actual results of WingArc1st (non-consolidated).