Cybertrust Japan Co.ltd. · TSE:4498

Cybertrust Japan Co.ltd — Q1 FY2025 Earnings Presentation

58 slides from Cybertrust Japan Co.ltd's earnings presentation, Jul 29, 2025

Slide 1: FY2025 Q1 Financial Results
Ⓡ FY2025 Q1 Financial Results First Quarter of the Fiscal Year Ending March 31, 2026 Cybertrust Japan Co., Ltd. TSE Growth: 4498 July 29, 2025 1 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 2: Executive Summary
▌Executive Summary FY2025 Q1 Record-high net sales and operating income for the first quarter Financial Results - Recurring services performed well due to the expansion of high-growth driver service FY2025 Full-Year Forecast Progressing steadily toward the achievement of the full-year forecast Stock
Slide 3: Agenda
◼ FY2025 Q1 Financial Summary Agenda ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 3 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 4: FY2025 Q1 Financial Summary
◼ FY2025 Q1 Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 4 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 5: FY2025 Q1 Consolidated Results
▌FY2025 Q1 Consolidated Results Record-high net sales and operating income for the first quarter Net sales rose 27.5% YoY to 1,903 million yen Operating income increased 113.9% YoY to 309 million yen FY24 Q1 FY25 Q1 YoY Change (Unit: Millions of yen) Net sales 1,493 1,903 +27.5% Operating income 144
Slide 6: Trend in Quarterly Sales by Transaction Type
▌Trend in Quarterly Sales by Transaction Type Growth driven by Q1 recurring services post leap in net sales growth year on year high growth-driver services CentOS7 extended support (Unit: Millions of yen) became fully profitable Professional services 2,133 Licenses 1,977 1,903 Recurring services 1,8
Slide 7: 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: Revenue increased due to significant growth in CentOS7 extended support, which began in th
Slide 8: Overview by Service Segment
◼ FY2025 Q1 Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 8 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 9: Trust Services: Performance and Initiatives by Service Segment
▌Trust Services ｜ Performance and Initiatives by Service Segment Recurring services grew led by high-growth-driver service iTrust (Unit: Millions of yen) Trust Services net Recurring services sales FY24 Q1 FY25 Q1 YoY Change (by transaction type) ◼ High-growth-driver service iTrust grew 37.1% year o
Slide 10: Quarterly Trend in KPI of iTrust (Number of Paid API Use)
▌Quarterly Trend in KPI of High-Growth-Driver Service iTrust (Number of Paid API Use) Number of transactions: FY2025 Q1 number of uses: 12.14 million Cumulative total: 107 million 38,704,300 More than 10 million transactions for two consecutive quarters, with cumulative transactions exceeding 100 mi
Slide 11: Initiatives to Expand Use of iTrust
▌Initiatives to Expand Use of iTrust SoftBank adopts iTrust Identity Verification Osaka Steel adopts iTrust e-Seal Adopted by SoftBank Online Shop for identity verification related to Adopted for digitizing mill certificates* issued by Osaka Steel mobile phone contracts By converting thousands of pa
Slide 12: Platform Services
◼ FY2025 Q1 Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 12 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 13: Platform Services: Performance and Initiatives by Service Segment
▌Platform Services ｜ Performance and Initiatives by Service Segment Recurring service growth centered on support for various Linux operating systems (Unit: Millions of yen) Platform Services net Recurring services sales FY24 Q1 FY25 Q1 YoY Change ◼ Performance for CentOS7 extended support progressed
Slide 14: Initiatives to Expand the Scope of Use for Server Operating Systems
▌Initiatives to Expand the Scope of Use for Server Operating Systems Enterprise market Key infrastructure markets In response to the growing need for stable long-term system To ensure system sovereignty, we provide ultra-long-term operation and increased awareness of OSS security, we are support for
Slide 15: FY2025 Full-Year Forecast
◼ FY2025 Q1 Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 15 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 16: Basis for Continual Growth of Digital Trust Business
▌Basis for 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 Business domain organization activities defined High R&D activities Contributions and feedback to glo
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 iTrust R
Slide 18: Investments for Greater Growth
▌Investments for Greater Growth Aggressive investments in human capital and infrastructure provision to support new growth Workstyle reforms Authenticationcenter Training and / backup center Strengthen reskilling + support structure Secondary New compensation authentication center (operations + syst
Slide 19: Analysis of Changes in Operating Income
▌Analysis of Changes in Operating Income Despite stepping up aggressive investments for growth, we managed to achieve double-digit operating income growth (Unit: Millions of yen) 675 △ 277 66 △ 50 △ 80 △ 40 △ 43 △ 109 △102 1,570 Result of active investments in human capital and services provision in
Slide 20: FY2025 Full-Year Forecast
▌FY2025 Full-Year Forecast Progressing steadily toward the achievement of the full-year forecast YoY Change FY24 FY25 Unit: Millions of yen Change Rate of Change Net sales 7,442 8,200 +747 +10.2% Operating income 1,421 1,570 +148 +10.5% Operating margin (%) 19.1 19.1 －－ Ordinary income 1,448 1,570
Slide 21: Stock Split
▌Stock Split Effective October 1, 2025, we will implement a 1-for-2 stock split By reducing the investment unit size, we will conduct a stock split aimed at Purpose improving the liquidity of our shares and further expanding our investor base ▌ Split ratio ▌ Record date 1 2 September 30, 2025 ▌ Effe
Slide 22: FY2025 Dividend Forecast
▌FY2025 Dividend Forecast The actual dividend for FY2024 was an increase of 5.50 yen per share from the previous dividend. 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 basic
Slide 23: Appendix
◼ FY2025 Q1 Financial Summary ◼ Overview by Service Segment  Trust Services  Platform Services ◼ FY2025 Full-Year Forecast ◼ Appendix 23 Copyright Cybertrust Japan Co., Ltd. All rights reserved.
Slide 25: 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 incre
Slide 26: 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） 2,133 22.7% 22.7% 21.7% 21.5% 21.2% 1,977 16.3% 16.0% 16.0% 16.4% 1,903 1,841 1,837 16.3% 1,729 12.2% 12.4% 1,643 9.7% 1,560 1,537 1,468 1,493 1,408 1,443 452 417 425 393
Slide 27: Sales by service Quarterly trends
▌Sales by service Quarterly trends (Accounting period) Trust Services Platform Services （Million of Yen）（Million of Yen） 1,192 1,101 1,082 1,075 975 996 959 943 941 921 875 885 894 895 850 842 828 739 753 685 626 647 558 558 577 571 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 28: 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 License Recurring Services 1,192 1,101 1,082 1075 996 290 975 959 151 225 943 203 941 921 875 885 894 895 850 157 164 9 36 842 139 66 1
Slide 29: 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 Prof
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 authentic
Slide 31: Trends in sales, gross profit, and SG&A expenses
▌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 2,133 （Million of yen） 1,977 1,903 2,000 1,500 1,841 1,837 1,
Slide 32: 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 33: Steady growth of iTrust as a revenue pillar
▌ 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) (Million
Slide 34: 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 35: Major Consolidated Management Indicators
▌Major Consolidated Management Indicators The sales Net assets per share(BPS) Return on equity (ROE) (Millions of yen) 7,442 (yen) 816.9 (％) 6,466 15.4 6,167 13.8 743.9 8.9 699.3 FY22 FY23 FY24 1 FY22 2 FY23 3 FY24 FY22 FY23 FY24 Operating income and operating income margin Net income per share (EPS
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 re
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, Chair
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 establi
Slide 40: 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 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 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 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 Unauth
Slide 45: 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 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 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 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. Preventing
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 such
Slide 52: 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 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 s
Slide 54: 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 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] iTrust SSL/TLS Server Certificate https://www.cybertrust.co.jp/ssl/ Cybertrust Device ID Service https://www.cybertrust.co.jp/
Slide 56: Press Release List (FY25 Q1~)
▌Press Release List (FY25 Q1～) 05.27 06.02 Cybertrust Japan's e-Seal Supporting the prevention of certificates help prevent fraudulent mobile phone counterfeiting and the contracts and improving user distribution of fake products in convenience at SoftBank by the digitisation of Osaka reading IC chi
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. ◼ These

Cybertrust Japan — Q1 FY2025 Earnings Presentation on 6ix

Cybertrust Japan Co.ltd — Q1 FY2025 Earnings Presentation

Slide 1: FY2025 Q1 Financial Results

Slide 2: Executive Summary

Slide 3: Agenda

Slide 4: FY2025 Q1 Financial Summary

Slide 5: FY2025 Q1 Consolidated Results

Slide 6: Trend in Quarterly Sales by Transaction Type

Slide 7: Sales by Service Segment

Slide 8: Overview by Service Segment

Slide 9: Trust Services: Performance and Initiatives by Service Segment

Slide 10: Quarterly Trend in KPI of iTrust (Number of Paid API Use)

Slide 11: Initiatives to Expand Use of iTrust

Slide 12: Platform Services

Slide 13: Platform Services: Performance and Initiatives by Service Segment

Slide 14: Initiatives to Expand the Scope of Use for Server Operating Systems

Slide 15: FY2025 Full-Year Forecast

Slide 16: Basis for Continual Growth of Digital Trust Business

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

Slide 18: Investments for Greater Growth

Slide 19: Analysis of Changes in Operating Income

Slide 20: FY2025 Full-Year Forecast

Slide 21: Stock Split

Slide 22: FY2025 Dividend Forecast

Slide 23: Appendix

Slide 24: Numeric data

Slide 25: FY2025 Full-Term Results Expected (sales by service)

Slide 26: Quarterly trends in net sales and operating income

Slide 27: Sales by service Quarterly trends

Slide 28: Quarterly sales trends by service and transaction type

Slide 29: Consolidated PL (Detailed Sales by Service)

Slide 30: Cost structure

Slide 31: Trends in sales, gross profit, and SG&A expenses

Slide 32: Recurring Business Model

Slide 33: Steady growth of iTrust as a revenue pillar

Slide 34: Consolidated BS

Slide 35: Major Consolidated Management Indicators

Slide 36: Corporate Profile

Slide 37: Corporate Philosophy and Mission

Slide 38: About Us

Slide 39: History

Slide 40: History

Slide 41: SDGs Initiatives

Slide 42: Policies and Indicators and Targets

Slide 43: Business Overview

Slide 44: Issues Solved by Cybertrust and Value Provided

Slide 45: Business domain

Slide 46: Trust Services Overview

Slide 47: Overview of Platform Services

Slide 48: Services used throughout Japan's social infrastructure

Slide 49: Partner Business Case Study

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 (FY25 Q1~)

Slide 57: Disclaimer

Slide 58: Security and Trust