Cybertrust Japan Co.ltd. · TSE:4498

Cybertrust Japan Co.ltd — FY2024 Earnings Presentation

58 slides from Cybertrust Japan Co.ltd's earnings presentation, Apr 23, 2025

Slide 1: FY2024 Financial Results
Note: Replaced by the content of the disclosure of 26 June 2025, ‘(Correction) Partial Correction to the FY2024 Q4 Presentation material’. Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document
Slide 2: Executive Summary
Executive Summary Tenth straight year of increase in both net sales and operating income - Net sales grew by 15.1% and operating income rose 27.8% as recurring FY2024 services accumulated 5.5 yen year-end dividend increase to mark better-than-planned results - Increase total dividend to 23.0 yen per
Slide 3: Agenda
◼ FY2024 Full-Year Financial Summary Agenda ◼ Overview by Service Segment  Authentication and Security Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 3 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 4: FY2024 Full-Year Financial Summary
◼ FY2024 Full-Year Financial Summary ◼ Overview by Service Segment  Authentication and Security Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 4 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 5: FY2024 Consolidated Results
FY2024 Consolidated Results Tenth straight year of increase in both net sales and operating income Net sales rose 15.1% YoY to 7,442 million yen Operating income increased 27.8% YoY to 1,421 million yen Revision of dividend forecast to boost per-share dividend by 5.5 yen above the initial forecast t
Slide 6: Maintained high operating margin
FY2023 Consolidated Results Improved profitability Maintained high operating margin from accumulated recurring service sales Net sales Operating income Operating margin Unit: Millions of yen Unit: Millions of yen 7,442 1,421 19.1% 6,466 6,167 1,112 17.2% 1,053 17.1% FY22 FY23 FY24 FY22 FY23 FY24 FY2
Slide 7: Recurring Service Net Sales
Recurring Service Net Sales Record-high quarterly Record-high recurring recurring serviceservice net sales net sales duedue totoexpansion promotion of of digital digitaltransformation transformation market Net Sales by Transaction Type Unit: Millions of yen Recurring services Professional services R
Slide 8: Sales by Service Segment
Sales by Service Segment ■ Authentication and security: Sales grew with accumulation of recurring services centered on high-growth-driver service iTrust, and large orders were won in professional services leading to recurring services growth ■ Platform: CentOS extended support continued to make earn
Slide 9: Overview by Service Segment
◼ FY2024 Full-Year Financial Summary ◼ Overview by Service Segment  Authentication and Security Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 9 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 10: Authentication and Security Services | Performance and Initiatives by Service Segment
▌Authentication and Security Services | Performance and Initiatives by Service Segment Recurring services grew led by high-growth-driver service iTrust (Unit: Millions of yen) Authentication and Recurring services Security Services net sales FY23 FY24 YoY Change ◼ High-growth-driver service iTrust g
Slide 11: Overview by Service Segment
◼ FY2024 Full-Year Financial Summary ◼ Overview by Service Segment  Authentication and Security Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 11 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 12: Platform Services | Performance and Initiatives by Service Segment
▌Platform Services | Performance and Initiatives by Service Segment Sales for all transaction types grew by double digits, with especially large increase for recurring services (Unit: Millions of yen) Recurring services Platform Services sales FY23 FY24 YoY Change ◼ AlmaLinux support adopted for lar
Slide 13: FY2025 Full-Year Forecast
◼ FY2024 Full-Year Financial Summary ◼ Overview by Service Segment  Authentication and Security Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 13 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 14: FY2025 Full-Year Forecast
FY2025 Full-Year Forecast Aiming for double-digit growth in both net sales and operating income Investments in human capital and services provision infrastructure to support further growth YoY Change FY24 FY25 Unit: Millions of yen Change Rate of Change Net sales 7,442 8,200 +747 +10.2% Operating in
Slide 15: Changes to business segment and service name
Regarding changes to business segment and service name Segment name changed from Trust Services to Digital Trust Old segment/service breakdown New segment/service breakdown New Trust Services New Digital Trust Authentication and Security Services Trust Services Name change Platform Services (old Lin
Slide 16: Roots of Continual Growth of Digital Trust Business
Roots of Continual Growth of Digital Trust Business Aim for stable profit growth by continuously providing foundational elements needed by a digital society in response to societal change Industry organization activities Contributions R&D activities and feedback to global community Business domain d
Slide 17: Digital Trust: Sales Expansion Phase for Growth Domain
Digital Trust: Sales Expansion Phase for Growth Domain Forecasting higher earnings in growth domains in conjunction with DX progress and trends in international security standards and regulations Growth driven by high growth-driver services iTrust Large Identity Verification EMLinux iTrust Remote si
Slide 19: Trust Services Overview
▌Trust Services Overview Providing trust services for areas such as digital certificate, the ‘ID cards’ of the digital economy, as well as digital Identity verification and digital signature critical for DX Authenticating devices permitted for Device certificate operations use Authentication of Unau
Slide 20: KPI of High-Growth-Driver Service iTrust
▌KPI of High-Growth-Driver Service iTrust Number of iTrust transactions (number of paid API use) (Number of transactions) 38,704,300 Number of uses: 3.8 million per quarter 28,538,069 YoY change 1.4 times 16,494,426 8,018,611 Trust service boasting outstanding performance 2,909,000 *Cybertrust Japan
Slide 21: Basis for Revenue Expansion of iTrust: Linked to National Policy
▌Basis for Revenue Expansion of iTrust: Linked to/Promotion of National Policy Identity Verification e-seal Revisions to laws for the prevention of money laundering and Ministry of Internal Affairs and Communications launches e-seal improper mobile phone usage* will, in principle, standardize certif
Slide 23: Overview of Platform Services
▌Overview of Platform Services Provide value-added OS and middleware for critical infrastructure compatible with international security standards Application Vulnerability management / Integrated Middleware monitoring International standards server OS OS/Embedded OS for IoT Cybertrust is the only co
Slide 24: Basis for Revenue Expansion of Platform: Platforms for Critical Infrastructure
▌Basis for Revenue Expansion of Platform: Provide Platforms for Critical Infrastructure Critical infrastructure: Providing long-term, stably operated platforms compatible with international security standards in 15 different fields, covering operations from the server to the edge International stand
Slide 25: Investments for greater growth
Investments for greater growth Aggressive investments in human capital and infrastructure provision to support new growth Workstyle reforms Authenticationcenter / backup center Strengthen support structure Training and reskilling + (operations + tech support) New compensation system Secondary authen
Slide 26: FY2025 Dividend Forecast
FY2025 Dividend Forecast Forecast year-end dividend for fiscal year ended March 31, 2025: Dividend increase of 5.50 yen a share As of the beginning of fiscal 2025, Cybertrust forecasts to continue paying a year-end dividend of 23 yen per share for the fiscal year ending March 31, 2026 Cybertrust’s b
Slide 27: Appendix
◼ FY2024 Full-Year Financial Summary ◼ Overview by Service Segment  Authentication and Security Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 27 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 29: FY2025 Full-Term Results Expected (sales by service)
▌ FY2025 Full-Term Results Expected (sales by service) Trust Services Platform Services （Millions of yen）（Millions of yen） 4,555 3,645 4,139 +10.0％ 3,302 +10.4％ (YoY) (YoY) FY24 FY25 FY24 FY25 Recurring revenue growth due iTrust continues to grow and to increased support for recurring revenues incr
Slide 30: Cost structure
▌ cost-structure Implementation of human and capital investment necessary for the continuous growth of recurring services Changes in Expenses (Consolidated) Capital investment policy The sales (Millions of yen) 7,442 Actively investing in capacity expansion for the provision of e- The sales authenti
Slide 31: Composition ratio of major products to recurring service sales
▌ Composition ratio of major products to recurring service sales of Authentication and Security service Steady growth of iTrust as a revenue pillar after device ID and Server Certificates 100% 0.4% 1.1% 2.6% 4.4% 6.1% 7.4% 9.6% 12.3% 90% 15.5% 17.3% 18.8%20.5% iTrust（high-growth-driver service ） 22.
Slide 32: Consolidated PL (Detailed Sales by Service)
▌ Consolidated PL (Detailed Sales by Service) (Millions of yen) Consolidated FY23 FY24 Change The sales 6,466 7,442 975 Trust services 3,943 4,139 +196 License 158 125 △33 Professional services 598 686 +88 Recurring service 3,186 3,328 +141 Platform Services 2,523 3,302 ＋779 License 405 514 +109 Pro
Slide 33: Consolidated BS
▌ consolidated BS (Millions of yen) End of March 2024 End of March 2025 Change Rate of change Current assets 6,181 7,096 914 +14.8％ (Cash and deposits) 4,891 5,560 669 +13.7％ (Notes, accounts receivable and contract assets) 1,068 1,117 48 +4.5％ Fixed assets 2,235 2,481 245 11.0％ (Software) 592 924 3
Slide 34: Major Consolidated Management Indicators
▌ Major Consolidated Management Indicators The sales 1Net assets per share (yen)BPS) Return on equity (ROE) (Millions of yen) 7,442 (Unit: yen) 816.9 (％) 6,466 15.4 6,167 13.8 743.9 8.9 699.3 FY22 FY23 FY24 4 FY22 5 FY23 6 FY24 FY22 FY23 FY24 Operating income and operating income margin 1Net income
Slide 35: Sales by type of transaction before Services Realignment
[Reference] Sales by type of transaction in the three services before the change in Services Realignment Unit (Millions of yen) Services Type of transaction FY23 FY24 Change Change (%) License 158 125 △33 △21.1 Authentication and security Professional services 598 686 88 14.7 Services 3,186 3,328 4.
Slide 37: Corporate Philosophy and Mission
▌ Corporate Philosophy and Mission Security and Trust We will realize a Safe and Secure Digital Society As a socially responsible company, We recognize that “responding to the Sustainable Development Goals (SDGs)” is a key management issue. Through our business and corporate activities, we work to r
Slide 38: About Us
▌ About Us Company Name Cybertrust Japan Co., Ltd ◼ Trust Services Business Activities ◼ Platform Services Sever solution, IoT embedded solution Date of Establishment June 1, 2000 Address ARK Mori Bldg 31F, 1-12-32 Akasaka, Minato-ku, Tokyo 107-6031 <Consolidated subsidiaries> Yasutoshi Magara, Chai
Slide 39: History
▌ History On October 1, 2017, we (former MIRACLE LINUX Corporation) as the surviving company completed an absorption-type merger with former Cybertrust Japan co., Ltd. and name change of and commenced operations as Cybertrust Japan co., Ltd. Year and month Summary MIRACLE LINUX CORPORATION is establ
Slide 40: History and Targets
▌ History and Targets The history of the former Cybertrust Japan co., Ltd. since its establishment until its mergered is as follows Year and month Summary Sep. 1995 NSJ Corporation established to develop software May, 1999 Contracted as the sole Japanese distributor of Baltimore Technologies Plc ("B
Slide 41: SDGs Initiatives
SDGs Initiatives Contributing to the Realization of a Sustainable Society Along with Business Growth Social Issues Addressed through Business Activities Social Issues Addressed through Corporate Activities By promoting trust services to support DX Achieving corporate growth by creating resilient org
Slide 42: Policies, indicators and targets
Policies and indicatorsators and Targets We have established KPI (evaluation indicators) for the following two of the four materiality items in the strategic plan. Materiality KPI (Valuation Indicators) Percentage of female employees in managerial positions: Achieved at least 8.2% (at least average
Slide 44: Issues Solved by Cybertrust and Value Provided
Issues Solved by Cybertrust and Value Provided Identity theft Personal identification (people, things) Reliability for all people, things, services Safe and secure digital economy Existence Issues for digitalization Falsification Confidentiality Worldwide rise of digitalization Digital Trust Unautho
Slide 45: Providing Trust Services to Realize a Safe and Secure Digital Society
Business domain Providing Trust Services to Realize a Safe and Secure Digital Society Trust Services Platform International Standards OS SSL/TLS server certificate to Support IT Infrastructures User authentication, device Embedded OS for International authentication Security Standards Identity verif
Slide 46: Trust Services Overview
▌Trust Services Overview Providing trust services for areas such as digital certificate, the ‘ID cards’ of the digital economy, as well as digital Identity verification and digital signature critical for DX Authenticating devices Device certificate permitted for operations use Authentication of Unau
Slide 47: Overview of Platform Services
▌Overview of Platform Services Provide value-added OS and middleware for critical infrastructure compatible with international security standards Application Vulnerability management / Integrated Middleware monitoring International standards server OS OS/Embedded OS for IoT Cybertrust Japan is the o
Slide 48: Services used throughout Japan's social infrastructure
Cybertrust Japan services are used throughout Japan’s social infrastructure Finance Government Railways/Airlines Communications Manufacturing 48 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 49: Partner Business (VAR) Case Study: iTrust
▌Partner Business (VAR) Case Study: iTrust Instead of providing the application itself, Cybertrust provides critical parts of the application delivered by the partner company Strengths of this business model are the ability to coordinate with various DX business partners to ensure high scalability,
Slide 50: Glossary ①
▌ Glossary ① Term Description Digitized identity certificates that properly certify and identify targets. These certificates verify the authenticity digital certificate of people, goods, etc. by examining and issuing them by a certification authority as a reliable third-party organization. Preventin
Slide 51: Glossary ②
▌ Glossary ② Term Description A digital certificate that installs a certificate on the user’s device (such as a PC or smartphone) to authenticate Client certificate the user as the authorized user. There are two main types: User certificates and device certificates. Issued to information devices suc
Slide 52: Glossary ③
▌ Glossary ③ Term Description Abbreviation for Red Hat Enterprise Linux. A Linux distribution developed and sold by Red Hat for RHEL business use. CentOS Community-based free LinuxOS that is highly compatible with RHEL A nonprofit organization of users, developers and fans created mainly to develop,
Slide 53: Glossary ④: Security-Standard FIPS 140-3
▌ Glossary ④: Security-Standard "FIPS 140-3" Summary Standard for cryptographic modules established by the National Institute of Standards and Technology (NIST:National What is FIPS 140-3? Institute of Standards and Technology) that was certified in March 2019. Functions as a standard for realizing
Slide 54: Product name comparison table
▌ Product name comparison table Function Official product name Abbreviations in this document [Trust Services] SSL/TLS server certificate SureServer SureServer device authentication Cybertrust Device ID Device ID Certification bureau outsourcing services Cybertrust Managed PKI Managed PKI or MPKI Id
Slide 55: Product and Service Introduction Pages
▌ Product and Service Introduction Pages Product and service introduction page URL CyberTrust Japan Co., Ltd. Web website https://www.cybertrust.co.jp/(Link) [Trust Services] SureServer service https://www.cybertrust.co.jp/sureserver/(Link) Cybertrust Device ID Service https://www.cybertrust.co.jp/d
Slide 56: Press Release List (FY24 Q4～)
▌ Press Release List (FY24 Q4～) テキストが含まれている画像テキストテキストが含まれている画像ガよにラ AI スっのコて生ッ成プされたコンテンツは間違っている可能性があります。自動的に生成された説明低い精度で自動的に生成された説明自動的に生成された説明 02.18 03.05 03.12 03.28 Cybertrust Japan's iTrust Cybertrust Japan helps Cybertrust Japan collaborates Cybertrust Japan and identity verification
Slide 57: Disclaimer
▌ Disclaimer ◼ The materials and information provided in this presentation contain ‘forward-looking statements’. ◼ They are based on current expectations, forecasts and risk-bearing assumptions, and involve uncertainties that could lead to results that differ materially from these statements. ◼ Thes

Cybertrust Japan — FY2024 Earnings Presentation on 6ix

Cybertrust Japan Co.ltd — FY2024 Earnings Presentation

Slide 1: FY2024 Financial Results

Slide 2: Executive Summary

Slide 3: Agenda

Slide 4: FY2024 Full-Year Financial Summary

Slide 5: FY2024 Consolidated Results

Slide 6: Maintained high operating margin

Slide 7: Recurring Service Net Sales

Slide 8: Sales by Service Segment

Slide 9: Overview by Service Segment

Slide 10: Authentication and Security Services | Performance and Initiatives by Service Segment

Slide 11: Overview by Service Segment

Slide 12: Platform Services | Performance and Initiatives by Service Segment

Slide 13: FY2025 Full-Year Forecast

Slide 14: FY2025 Full-Year Forecast

Slide 15: Changes to business segment and service name

Slide 16: Roots of Continual Growth of Digital Trust Business

Slide 17: Digital Trust: Sales Expansion Phase for Growth Domain

Slide 18: Trust Services

Slide 19: Trust Services Overview

Slide 20: KPI of High-Growth-Driver Service iTrust

Slide 21: Basis for Revenue Expansion of iTrust: Linked to National Policy

Slide 22: Platform Services

Slide 23: Overview of Platform Services

Slide 24: Basis for Revenue Expansion of Platform: Platforms for Critical Infrastructure

Slide 25: Investments for greater growth

Slide 26: FY2025 Dividend Forecast

Slide 27: Appendix

Slide 28: Numeric data

Slide 29: FY2025 Full-Term Results Expected (sales by service)

Slide 30: Cost structure

Slide 31: Composition ratio of major products to recurring service sales

Slide 32: Consolidated PL (Detailed Sales by Service)

Slide 33: Consolidated BS

Slide 34: Major Consolidated Management Indicators

Slide 35: Sales by type of transaction before Services Realignment

Slide 36: Corporate Profile

Slide 37: Corporate Philosophy and Mission

Slide 38: About Us

Slide 39: History

Slide 40: History and Targets

Slide 41: SDGs Initiatives

Slide 42: Policies, indicators and targets

Slide 43: Business Overview

Slide 44: Issues Solved by Cybertrust and Value Provided

Slide 45: Providing Trust Services to Realize a Safe and Secure Digital Society

Slide 46: Trust Services Overview

Slide 47: Overview of Platform Services

Slide 48: Services used throughout Japan's social infrastructure

Slide 49: Partner Business (VAR) Case Study: iTrust

Slide 50: Glossary ①

Slide 51: Glossary ②

Slide 52: Glossary ③

Slide 53: Glossary ④: Security-Standard FIPS 140-3

Slide 54: Product name comparison table

Slide 55: Product and Service Introduction Pages

Slide 56: Press Release List (FY24 Q4～)

Slide 57: Disclaimer

Slide 58: Security and Trust