Representative Director, President and CEO Kenji Oyama
Towards a new stage in our evolution
We would like to show greatest gratitude to all shareholders and investors for your continued supports.
Ever since Broadleaf was first established in 2005, our business foundations and structure, our human resources and mental attitude, and the direction in which we are heading, have all changed over the course of time. Similarly, the business applications that we provide to our clients have continued to grow, from total systems into comprehensive IT services.
Technology meanwhile continues to evolve at a faster pace than ever before. In recent years, technologies such as the Internet of Things (IoT), artificial intelligence and autonomous driving have entered the public consciousness, and are set to transform how we live our lives.
In the future, we will have access to endless amounts of information and all manner of items will be connected to the internet, opening up an increasingly diverse array of values and lifestyles. Machines will be able to perform more and more tasks instead of people, as we look to move on to a new stage in our evolution.
Nonetheless, we do not view technological innovations and changes in society as a threat. We believe that, when things change, that means we have a chance to grow our business.
To seize opportunities like that, you need people who are sensitive, cooperative and creative – all qualities that are exclusive to humans rather than artificial intelligence. To put it another way, you need people with the drive to turn concepts and ideas into innovation, and who are determined to create something new for the future.
We are entering a new stage in our evolution here at Broadleaf.
As advances in cutting-edge technology continue to dilute interaction between people, now more than ever, we need to maintain a spirit of “gratitude and happiness.” We are determined to work together, with each of our employees playing their own individual role, to “consider, connect and expand,” so that we can provide new value to everyone.
In FY2023, the increase in monthly subscription-type business software users led to a rise in recurring revenue, resulting in consolidated financial results with revenue of 15,385 million yen (up 11.2% year-on-year), operating loss of 1,902 million yen (operating loss of 2,897 million yen in the previous fiscal year), and loss attributable to owners of the parent of 1,487 million yen (loss attributable to owners of the parent of 2,431 million yen in the previous fiscal year). Also, the year-end dividend per share is planned to be 1.0 yen, annually 1.0 yen.
The results forecasts for FY2024 are as follows: revenue of 17,600 million yen (up 14.4% year-on-year), operating profit of 50 million yen (operating loss of 1,902 million yen in the previous fiscal year), and profit attributable to owners of the parent of 40 million yen (loss attributable to owners of the parent of 1,487 million yen in the previous fiscal year). Annual dividend forecast is undetermined at the moment.
Revenue increase trend is expected to continue until 2028, since the transition to monthly subscription-type business software is expected to continue until 2028 for all targeted users to switch. Furthermore, as a measure for further growth, we are actively expanding the provision of ancillary products that support clients' digital transformation (DX), with the goal of enhancing lifetime value of our clients.
February 9, 2024
Kenji Oyama