Baudroie,inc. · TSE:4413
Baudroie,inc — Q1 FY2026 Earnings Presentation
44 slides from Baudroie,inc's earnings presentation, July 2025
Slide 1: Financial Results Briefing Material for the First Quarter of Fiscal Year Ending February 2026
Financial Results Briefing Material for the First Quarter of Fiscal Year Ending February 2026 Stock code：4413 July 2025
Slide 2: Agenda
Notice:This document has been translated from the Japanese original for reference purposes. In the event of any discrepancy between this translated document and the Japanese original, the latter shall prevail. 1. Business Overview P3 2. Highlights of Consolidated Financial Results P11 3. Medium-term
Slide 3: Business Overview
Business Overview
Slide 4: Company Overview
Company Overview Company name baudroie inc. Line of business IT infrastructure business Directors President and Chief Executive Officer Major clients SoftBank Corp. NTT DOCOMO BUSINESS, Inc. Shigehiro Tominaga NTT EAST, Inc. Representative Director KDDI CORPORATION Kazuya Fujii Mitsubishi Research I
Slide 5: What Are IT Infrastructure Services?
What Are IT Infrastructure Services? IT infrastructure services refer to designing and constructing complex IT infrastructure, including servers that operate systems, networks that connect devices to systems, and security solutions that protect secure communications and information, as well as condu
Slide 6: What Differentiates Us from System Developers and Facilities Contractors
What Differentiates Us from System Developers and Facilities Contractors Due to diversifying social needs, IT systems command advanced knowledge and technologies in broader and deeper areas. As the era evolves in this way, attention is being paid to IT system companies with distinctive features, not
Slide 7: Specialized Systems Companies
Specialized Systems Companies Due to the diversification of societal demands for IT, technologies in various IT fields have become more complex and advanced. System companies specialized in each field have been gaining increasing attention. Conventional, simple systems AI : Increased demand driven b
Slide 8: Business Domains
Business Domains We are a professional operator specializing in IT infrastructure services, especially in advanced technology areas. Advanced technology areas that are growing Where the IT infrastructure services market is positioned prominently in the IT infrastructure area In 2028, the entire Japa
Slide 9: Our Competitive Advantage
Our Competitive Advantage A typical case of team formation in general system companies. A system based on conventional technology A system incorporating advanced technology Since many companies have engineers, it is easier to gather people. Since there are few engineers with advanced technical skill
Slide 10: Our Competitive Advantage
Our Competitive Advantage Efficient team formation is possible through specialization and the development of young talent. Our engineers specialize in building experience in IT infrastructure, so even engineers with the same skills as those from other companies tend to have a lower average age. We c
Slide 11: Highlights of Consolidated Financial Results
Highlights of Consolidated Financial Results
Slide 12: Executive Summary
Executive Summary Revenue Operating profit 3.36 billion yen (up 43.7％ YoY) 607 million yen (up 35.2％ YoY) ✓ The company completed the acquisition of three subsidiaries. (SPIN TECHNOLOGY, GOKU TECHNOLOGIES and ONE-TECH) ・ The three companies will be consolidated from Q2 onward. ・ Due to the acquisiti
Slide 13: Summary of Consolidated Financial Results
Summary of Consolidated Financial Results ✓ Due to the acquisition of a subsidiary, the full-year revenue forecast has been revised upward from 15.5 billion yen to 17.1 billion yen. Q1 (Mar - May) FY2025 Q1 (Mar - May) FY2026 YoY FY2026 Full-year YoY (ended Feb 2025)＊ (ending Feb 2026) (Q1) Forecast
Slide 14: Trends in Quarterly Consolidated Revenue
Trends in Quarterly Consolidated Revenue ✓ As before, revenue are expected to increase gradually in the remaining quarters of FY2026 for the following reasons. ・The number of acceptance inspections will further rise in Q2 through the end of the fiscal year. ・With engineers (new graduate employees in
Slide 15: Trends in Quarterly Consolidated Gross Profit
Trends in Quarterly Consolidated Gross Profit ✓The salaries of new employees are recorded as costs from their first day of employment. As a result, gross profit tends to decline in the first quarter each year due to the large number of new hires. (Thousands of yen) … Gross profit margin excluding ac
Slide 16: Trends in Quarterly Consolidated Operating Profit
Trends in Quarterly Consolidated Operating Profit ✓Recruitment and hiring expenses tend to be higher in the first quarter each year due to the large number of new graduates hired. actias Inc. also strengthened its new graduate recruitment, hiring 50 people in Q1. baudroie inc. plans to hire an addit
Slide 17: Progress on the Full-Year Consolidated Earnings Forecast
Progress on the Full-Year Consolidated Earnings Forecast ✓The three newly acquired subsidiaries are scheduled to be consolidated from Q2. Although they were not yet consolidated in Q1, progress has been steady compared to the same period last year. Progress FY2025 FY2026 full-year Q1 FY2025 Progress
Slide 18: Status of Progress Against the Full-Year Consolidated Earnings Forecast
Status of Progress Against the Full-Year Consolidated Earnings Forecast Revenue ・SPIN TECHNOLOGY, GOKU TECHNOLOGIES and ONE-TECH will be consolidated starting from Q2. 19.7% Full-year forecast FY2026 Q1 (ending Feb 2026) Q2 Q3 Q4 17,100,000 thousand yen 20.1% 45.4% 72.3% FY2025 Full-year results (en
Slide 19: YoY Comparison Image of Operating Profit for First and Second Halves of FY2026
YoY Comparison Image of Operating Profit for the First and Second Halves of the FY2026 ✓ The full-year operating profit forecast is 3.25 billion yen, up 32% from the previous fiscal year. ✓ We are currently implementing PMI initiatives aimed at maximizing group-wide profits, such as helping subsidia
Slide 20: Medium-Term Management Plan
Medium-Term Management Plan
Slide 21: Medium-Term Business Plan: Revenue
Medium-Term Business Plan: Revenue ✓ This plan has been exceeding the targets established in the previous fiscal year and has been revised to extend through FY2028. (Millions of yen) 30,000 Revised 26,195 25,000 Revised 20,150 20,000 Revised 15,500 15,000 16,731 Result 11,649 Before 12,870 the 10,00
Slide 22: Medium-Term Business Plan: Operating Profit
Medium-Term Business Plan: Operating Profit ✓ Even after the transition to the Prime Market, we aim to maintain strong growth. (Millions of yen) 6,000 Revised 5,493 5,000 Revised 4,225 4,000 Earnings Forecast 3,250 3,600 3,000 Result Before 2,461 the 2,770 revision 2,000 Result Before 1,567 2,130 th
Slide 23: Past Revisions to the Medium-Term Management Plan
Past revisions to the medium-term management plan ✓We exceeded the targets set in the previously disclosed medium-term management plan, and the plan has been updated twice in the past. Revenue Operating Profit (Millions of yen) 30000 6,000 … The figures disclosed in FY2023 5,493 26,195 … The figures
Slide 24: Growth Strategy
Growth Strategy
Slide 25: Sales to Enterprise Clients (Non-consolidated)
Sales to Enterprise Clients (Non-consolidated) ✓Driven by group management, SMB customer sales are trending upward this fiscal year. From the next fiscal year, we plan to shift our focus back to increasing the proportion of sales from enterprise customers. →We will control costs with an awareness of
Slide 26: Sales to Enterprise Clients (baudroie & actias)
Sales to Enterprise Clients (baudroie & actias) ✓Starting from Q1 of this fiscal year, we have begun aggregating the enterprise customer sales of baudroie inc. and actias Inc. ✓ In the medium to long term, we aim to increase the combined enterprise customer sales ratio of the two companies. Average
Slide 27: Sales in Advanced Technology Areas
Sales in Advanced Technology Areas ✓ Sales ratio of advanced technology field is increasing due to selective orders. Sales trends Advanced technology areas in the advanced technology areas expected to have high growth potential CAGR (Thousands of yen) Our sales Forecasted market size of the Sales ra
Slide 28: Development of Specialized and Highly Specialized Talent
Development of Specialized and Highly Specialized Talent ✓ Develop highly specialized talents based on our education and training systems dedicated to IT infrastructure. ✓ The increase in the number of highly specialized talents are becoming larger as a result of intensified recruitment prior to the
Slide 29: Illustrative Drawing of Our Strategy
Illustrative Drawing of Our Strategy Prepare for high growth to be achieved in FY2028 and onward. Transform sales composition Raise the sales ratio of advanced technology areas and enterprise clients Highly specialized talent Specialized Expand the talent base that will Transform talent structure ev
Slide 30: Summary of Highlights
Summary of Highlights 01 ✓ Raise the ratio of specialized talents and highly specialized talents. ✓ Expand and deepen projects in advanced technology areas and for enterprise clients. ✓ M&A 02 ✓ Maintain high growth rates ✓ Medium-term business plan 02 ✓ Transition to the TSE Prime market. ✓ Start p
Slide 31: Appendix
Appendix
Slide 32: FY2026 Dividend Forecast
FY2026 Dividend Forecast ✓ We will begin paying dividends from FY2026. ✓ According to the material on the right, it appears that transitioning from no dividend paying to dividend paying may lead to a decrease in volatility. The Effect of Dividends Number of 90-day volatility Dividend payout Dividend
Slide 33: Approach to Dividends
Approach to Dividends ✓ There is a tendency for stock price volatility to decrease when a company transitions from being non-dividend-paying to dividend-paying. ✓ Accordingly, we are initiating dividend payments not primarily as a means of shareholder returns, but as a management initiative with an
Slide 34: Past M&A Results and Future M&As Utilizing Treasury Shares
Past M&A Results and Future M&As Utilizing Treasury Shares Company Name ZOSTEC Inc. ALJOY Inc. FunClock Inc. actias Inc. Business Network and Network and Network and Testing and Validation Description Server Integration Server Integration Server Integration 224 million yen 389 million yen 1 billion
Slide 35: Our Stance for Implementing Future M&As
Our Stance for Implementing Future M&As As an acquisition scheme to deepen collaboration among the Group, we will pay part of the consideration for the acquisition of a subsidiary’s shares by using our treasury shares. By doing so, we intend to let the president of the acquired company retain part o
Slide 36: Image of M&A Strategy
Image of M&A Strategy Potential M&A counterparts fall into categories 1 through 3, and the three companies targeted in this case fall under categor y 1. 1. M&A of Companies mainly staffed by young employees → Companies primarily composed of young employees and engaged in comprehensive IT support ser
Slide 37: Effective Utilization of Shares
Effective Utilization of Shares Maximize the benefits of direct financing to increase corporate value ✓Acquisition of treasury stock October 2023～January 2024, acquired treasury shares ✓Share-based compensation Regularly grant share-based compensation to employees Number of treasury shares acquired
Slide 38: Purpose and Timing of the Offering / Acquisition of Own Shares for the Next M&A
Purpose and Timing of the Offering / Acquisition of Own Shares for the Next M&A ・ The offering was conducted in December 2024 to comply with the circulating stock ratio requirement for transitioning to the Prime Market. Current free float ratio: approximately 26% → After offering: approximately 37%
Slide 39: Trends in Financial Results
Trends in Financial Results FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 (Thousands of yen) 10th period 11th period 12th period 13th period 14th period 15th period 16th period 17th period 18th period ※Transitioned to IFRS Revenue 1,626,968 2,087,013 2,261,561 2,648,008 3,084,973 3,
Slide 40: Recurring Sales through Continuous Services with Retained Clients (Non-consolidated)
Recurring Sales through Continuous Services with Retained Clients (Non-consolidated) ✓ Continued stable earnings from recurring sales. FY2025 (ended Feb 2025) Q1 FY2026 (ending Feb 2026) Single-project Single-project sales Recurring sales Recurring sales 52.9% 49.1% sales 47.1% 50.9% Recurring sales
Slide 41: Definitions of Specialized and Highly Specialized Talents
Definitions of Specialized and Highly Specialized Talents Specialized talents Employees at sub-leader or higher levels in comprehensive capabilities, which are rated by class, or associate or higher levels in technical capabilities, which are rated by grade, in our personnel assessment and who are c
Slide 42: Corporate Social Responsibility
Corporate Social Responsibility We believe that developing young people who are capable of creating new IT industry areas and down-to-earth young people with advanced IT skills should lead to the development of a sustainable society. The Company not only conducts education and training for its emplo
Slide 43: Disclaimer
Disclaimer This material contains forward-looking statements.These statements are based only on information available to the Company at the time they were prepared. Moreover, such statements do not guarantee the future outcomes, and involve risks and uncertainties. Please note that actual results ma
Slide 44: baudroie inc.
baudroie inc.