Cybertrust Japan Co.ltd. · TSE:4498

Cybertrust Japan Co.ltd — FY2025 Earnings Presentation

62 slides from Cybertrust Japan Co.ltd's earnings presentation, Apr 27, 2026

Slide 1: FY2025 Financial Results
Ⓡ FY2025 Financial Results The Fiscal Year Ended March 31, 2026 Cybertrust Japan Co., Ltd. TSE Growth: 4498 April 27, 2026 1 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 2: Agenda
◼ Executive Summary Agenda ◼ FY2025 Full-Year Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2026 Full-Year Forecast ◼ Appendix 2 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 3: Executive Summary
▌ Executive Summary Eleventh straight year of increase in both net sales and FY2025 Full-Year operating income Results - Expansion in high-growth driver service led to operating income margin rising to 19.7% Double-digit growth expected in both net sales and FY2026 Full-Year operating income Forecas
Slide 4: Agenda
◼ Executive Summary ◼ FY2025 Full-Year Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2026 Full-Year Forecast ◼ Appendix 4 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 5: FY2025 Consolidated Results
FY2025 Consolidated Results Eleventh straight year of increase in both net sales and operating income Net sales rose 12.3% YoY to 8,360 million yen Operating income increased 16.0% YoY to 1,649 million yen FY24 FY25 YoY Change (Unit: Millions of yen) Net sales 7,442 8,360 +12.3% Operating income 1,4
Slide 6: Growth in recurring services pushed up operating income margin
Consolidated Results Growth in recurring services pushed up operating income margin Net sales Operating income Operating margin Unit: Millions of yen Unit: Millions of yen 8,360 1,649 19.7% 19.1% 7,442 1,421 6,466 17.2% 1,112 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 6 Copyright Cybertrust Japan
Slide 7: Recurring Service Net Sales
Recurring Service Net Sales Digital transformation Expansion drove quarterly of high-growth recurring driver serviceservices led to record-high net sales sales to record high for recurring services Net Sales by Transaction Type Unit: Millions of yen Recurring services Professional services Recurring
Slide 8: Sales by Service Segment
Sales by Service Segment  Trust Services : Revenue increased due to growth in recurring services centered on high-growth driver service iTrust, as well as large-scale contract development projects  Platform : Linux support revenue increased due to the acquisition of new support contracts for vario
Slide 9: Agenda
◼ Executive Summary ◼ FY2025 Full-Year Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2026 Full-Year Forecast ◼ Appendix 9 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 10: Growth acceleration for high-growth-driver service iTrust
▌Trust Services | Performance and Initiatives by Service Segment Growth acceleration for high-growth-driver service iTrust (Unit: Millions of yen) Recurring services Trust Services net sales (by transaction type) FY24 FY25 YoY Change ◼ High-growth-driver service iTrust grew 60% year on year due to e
Slide 11: Agenda
◼ Executive Summary ◼ FY2025 Full-Year Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2026 Full-Year Forecast ◼ Appendix 11 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 12: Recurring service growth centered on Linux support
▌Platform Services | Performance and Initiatives by Service Segment Recurring service growth centered on Linux support (Unit: Millions of yen) Platform Services net Recurring services sales FY24 FY25 YoY Change ◼ Linux support grew due to success in winning large-scale contracts (by transaction type
Slide 13: Agenda
◼ Executive Summary ◼ FY2025 Full-Year Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2026 Full-Year Forecast ◼ Appendix 13 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 14: FY2026 Full-Year Forecast
▌FY2026 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 FY25 FY26 Unit: Millions of yen Change Rate of change Net sales 8,360 9,250 +889 +10.6% Operating i
Slide 15: 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 Una
Slide 16: Three solid pillars established, dramatic growth in iTrust
▌ Evolution in Composition of Major Products in Recurring Service Sales Three solid pillars established, dramatic growth in iTrust - Recurring service sales of Trust Services - - Composition of Trust Services recurring sales - (Unit: Millions of yen) (By fiscal year) iTrust becomes iTrust Device ID
Slide 17: KPI of High-Growth-Driver Service iTrust
▌ KPI of High-Growth-Driver Service iTrust (Number of Paid API Use) Number of transactions: FY2025 number of transactions: 58.98 > 150 million million (Full-year) cumulatively YoY Change +52.4% Achieved just 9 months after FY2024 38,704,300 reaching 100 million transactions YoY Change +52.4% ! FY202
Slide 18: Basis for Revenue Expansion of iTrust: National Policy
▌ Basis for Revenue Expansion of iTrust: Linked to/Promotion of National Policy Ensure reliability of documents issued by companies and other Identity verification using Individual Number Card organizations Amendments to the Act on Prevention of Transfer of Criminal Proceeds in Making use of the beg
Slide 19: 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 c
Slide 20: Basis for Revenue Expansion of Platform: Critical Infrastructure Market
Basis for Revenue Expansion of Platform: ▌ Full-Scale Entry into Critical Infrastructure Market Platform to ensure system sovereignty Comprehensive OSS security services Responding to demand for system sovereignty from the perspective of economic We will address vulnerability issues caused by the en
Slide 21: 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 Business domain activities and feedback to global community d
Slide 22: Digital Trust: High-Growth Driver Service Entering Further Sales Expansion
Digital Trust: High-Growth Driver Service Entering a Phase of Further Sales Expansion Forecasting higher earnings in growth domains in conjunction with DX progress and trends in international security standards and regulations Growth driven by high Large growth-driver services iTrust iTrust Identity
Slide 23: Expansion and Growth of Business Domains
Expansion and Growth of Business Domains (Growth over the Medium to Long Term) New business In addition to investments in business expansion for Global high-growth driver services, we will pursue further New growth growth through investments in the creation of new M&A domains businesses, global expa
Slide 24: Investments in New Growth Domains
Investments in New Growth Domains: Strategic Growth Domains and Japan’s Growth Strategy Establish Digital Trust business to support the reliability of next-generation social infrastructure, with a focus on critical infrastructure operators Japan’s growth strategy: Out of the 17 fields, make business
Slide 25: FY2026 Dividend Forecast
FY2026 Dividend Forecast Dividends for the fiscal year ended March 31, 2026, rose to 12 yen per share Initial forecast for year-end dividend for the fiscal year ending March 31, 2027 is an increase to 14 yen per share Cybertrust’s basic dividend policy is to pay dividends from the surplus, once a ye
Slide 26: Agenda
◼ Executive Summary ◼ FY2025 Full-Year Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2026 Full-Year Forecast ◼ Appendix 26 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 28: FY2026 Full-Term Results Expected (sales by service)
▌FY2026 Full-Term Results Expected (sales by service) Trust Services Platform Services （Millions of yen）（Millions of yen） 5,280 +10.6％ 3,970 +10.7％ 4,774 (YoY) (YoY) 3,586 FY25 FY26 FY25 FY26 Recurring revenue growth iTrust continues to grow and due to increased support for recurring revenues incre
Slide 29: Cost structure
▌cost-structure Implementation of human and capital investment necessary for the continuous growth of recurring services Changes in Expenses (Consolidated) Sales (Millions of yen) Capital investment policy Sales 8,360 Actively investing in capacity expansion for the provision of digital authenticati
Slide 30: Analysis of Changes in Operating Income
▌Analysis of Changes in Operating Income Delivered strong double-digit operating profit growth while strategically investing in human capital and service delivery infrastructure 829 (Unit: Millions of yen) △207 △158 △98 1,860 △155 1,649 Operating income +211 million yen +12.8％ Variable Profit Auth C
Slide 31: Quarterly trends in net sales and operating income
▌Quarterly trends in net sales and operating income (accounting period) Sales Operating Income （Million of Yen）（Million of Yen） 2,281 22.7% 21.7% 21.8%21.0% 21.2% 2,163 19.4% 2,133 16.4% 2,012 21.5% 1,977 1,903 16.0% 16.3% 1,841 1,837 12.4% 9.7% 1,643 1,537 1,493 1,443 470 478 452 417 425 398 390 3
Slide 32: Sales by service Quarterly trends
▌Sales by service Quarterly trends (Accounting period) Trust Services Platform Services （Million of Yen）（Million of Yen） 1,351 1,222 1,192 1,124 1,101 1,082 1,075 996 941 940 929 959 894 895 888 921 943 885 828 753 647 558 577 571 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 33: Quarterly sales trends by service and transaction type
▌Quarterly sales trends by service and transaction type (accounting period) Trust Services Platform Services （Million of Yen）（Million of Yen） Professional Services 1,351 License Recurring Services 1,222 1,192 295 1,124 1,101 1,082 1,075 222 996 290 7 959 151 207 225 943 203 22 941 940 929 921 885 8
Slide 34: Consolidated PL (Detailed Sales by Service)
▌Consolidated PL (Detailed Sales by Service) (Millions of yen) Consolidated FY24 FY25 Change The sales 7,442 8,360 +918 Trust services 4,139 4,774 +634 License 686 877 +191 Professional services 125 88 △36 Recurring service 3,328 3,808 +480 Platform Services 3,302 3,586 ＋283 License 1,188 1,299 +110
Slide 35: Trends in sales, gross profit, and SG&A
▌Trends in sales, gross profit, and selling, general and administrative expenses Maintained a selling, general and administrative expense ratio of approximately 30%, with steady growth in net sales and gross profit Gross Profit SG&A Sales 2,280 （Million of yen） 2,133 2,163 1,977 2,012 1,500 1,903 2,
Slide 36: Recurring Business Model
▌Recurring Business Model Expanding recurring services Aiming for a stable, high-growth business model Revenue increases in proportion to the growth Revenue model based on in DX-related processing volumes. the number of devices and servers Our new revenue model. Server Certificate Number of sites iT
Slide 37: 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 - recurring service sales of Authentication and Security service - Quarterly trends (accounting period) 1,048 (M
Slide 38: Consolidated BS
▌consolidated BS (Millions of yen) End of March 2025 End of March 2026 Change Rate of change Current assets 7,096 7,633 ＋537 ＋7.6% (Cash and deposits) 5,560 5,435 △125 △2.3％ (Notes, accounts receivable and contract assets) 1,117 1,396 ＋279 ＋25.0％ Fixed assets 2,481 3,075 ＋594 ＋23.9％ (Software) 924 1
Slide 39: Major Consolidated Management Indicators
▌Major Consolidated Management Indicators The sales Net assets per share(BPS) Return on equity (ROE) (Millions of yen) (yen) (％) 8,360 454.7 15.4 7,442 408.4 6,466 14.1 371.9 8.9 FY23 FY24 FY25 FY23 FY24 FY25 24年3月期 25年3月期 26年3月期 Operating income and operating income margin Net income per share (EPS
Slide 41: 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 re
Slide 42: 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, Chair
Slide 43: 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 establi
Slide 44: History
▌History 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 ("Baltimore") Ma
Slide 45: 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 46: Policies and 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 48: 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 Unauth
Slide 49: Business domain
▌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 veri
Slide 50: 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 51: 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 52: Services used throughout Japan's social infrastructure
▌Cybertrust Japan services are used throughout Japan’s social infrastructure Finance Government Railways/Airlines Communications Manufacturing 52 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 53: Partner Business Case Study
▌Partner Business Case Study A broad partner network tailored to the unique characteristics of each product or service VAR (Value Added Reseller) Partner Business (VAR) Case Study 160 companies Instead of providing the application itself, Cybertrust provides Business development through critical par
Slide 54: 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. Preventing
Slide 55: 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 such
Slide 56: Glossary ③
▌Glossary ③ Term Description RHEL Abbreviation for Red Hat Enterprise Linux. A Linux distribution developed and sold by Red Hat for 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 57: 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 s
Slide 58: Product name comparison table
▌Product name comparison table Function Official product name Abbreviations in this document [Trust Services] SSL/TLS server certificate iTrustⓇSSL/TLS server certificate Server Certificate device authentication Cybertrust Device ID Device ID Certification bureau outsourcing services Cybertrust Mana
Slide 59: 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] iTrust SSL/TLS Server Certificate https://www.cybertrust.co.jp/ssl/ Cybertrust Device ID Service https://www.cybertrust.co.jp/
Slide 60: Press Release List (FY25 H2)
▌Press Release List (FY25 H2) 10.01 10.16 10.23 11.13 Cybertrust Japan launches a Linux Cybertrust Japan collaborates with Cybertrust Japan introduces the Cybertrust Japan releases Latest support service allowing AlmaLinux Insignary to establish an “ASM Service,” which visualizes IT Version of “EMLi
Slide 61: 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. ◼ These

Cybertrust Japan — FY2025 Earnings Presentation on 6ix

Cybertrust Japan Co.ltd — FY2025 Earnings Presentation

Slide 1: FY2025 Financial Results

Slide 2: Agenda

Slide 3: Executive Summary

Slide 4: Agenda

Slide 5: FY2025 Consolidated Results

Slide 6: Growth in recurring services pushed up operating income margin

Slide 7: Recurring Service Net Sales

Slide 8: Sales by Service Segment

Slide 9: Agenda

Slide 10: Growth acceleration for high-growth-driver service iTrust

Slide 11: Agenda

Slide 12: Recurring service growth centered on Linux support

Slide 13: Agenda

Slide 14: FY2026 Full-Year Forecast

Slide 15: Trust Services Overview

Slide 16: Three solid pillars established, dramatic growth in iTrust

Slide 17: KPI of High-Growth-Driver Service iTrust

Slide 18: Basis for Revenue Expansion of iTrust: National Policy

Slide 19: Overview of Platform Services

Slide 20: Basis for Revenue Expansion of Platform: Critical Infrastructure Market

Slide 21: Roots of Continual Growth of Digital Trust Business

Slide 22: Digital Trust: High-Growth Driver Service Entering Further Sales Expansion

Slide 23: Expansion and Growth of Business Domains

Slide 24: Investments in New Growth Domains

Slide 25: FY2026 Dividend Forecast

Slide 26: Agenda

Slide 27: Numeric data

Slide 28: FY2026 Full-Term Results Expected (sales by service)

Slide 29: Cost structure

Slide 30: Analysis of Changes in Operating Income

Slide 31: Quarterly trends in net sales and operating income

Slide 32: Sales by service Quarterly trends

Slide 33: Quarterly sales trends by service and transaction type

Slide 34: Consolidated PL (Detailed Sales by Service)

Slide 35: Trends in sales, gross profit, and SG&A

Slide 36: Recurring Business Model

Slide 37: Composition ratio of major products to recurring service sales

Slide 38: Consolidated BS

Slide 39: Major Consolidated Management Indicators

Slide 40: Corporate Profile

Slide 41: Corporate Philosophy and Mission

Slide 42: About Us

Slide 43: History

Slide 44: History

Slide 45: SDGs Initiatives

Slide 46: Policies and Indicators and Targets

Slide 47: Business Overview

Slide 48: Issues Solved by Cybertrust and Value Provided

Slide 49: Business domain

Slide 50: Trust Services Overview

Slide 51: Overview of Platform Services

Slide 52: Services used throughout Japan's social infrastructure

Slide 53: Partner Business Case Study

Slide 54: Glossary ①

Slide 55: Glossary ②

Slide 56: Glossary ③

Slide 57: Glossary ④: Security-Standard FIPS 140-3

Slide 58: Product name comparison table

Slide 59: Product and Service Introduction Pages

Slide 60: Press Release List (FY25 H2)

Slide 61: Disclaimer

Slide 62: Security and Trust