Soracom＜147A＞ has been featured in the August 2024 issue of Forbes JAPAN as a successful example of the "swing by IPO" aiming for listing while growing with the participation of large companies. The interview article features President and CEO Tamagawa.

The company develops and provides the IoT platform "SORACOM". They offer the IoT platform "SORACOM" to solve common issues that customer companies face when introducing and operating IoT. By using the company's platform, customer companies can quickly and efficiently launch IoT services. Major companies such as KDDI, secom co, sony group corp, and hitachi ltd sponsored adr are among the shareholders.

We provide comprehensive services to customer companies that start IoT services, including IoT devices, communication lines required for IoT, data storage and visualization applications, network services, and other platform services. Customer companies can purchase IoT SIMs and devices in units of one from the company's IoT store provided on the web and start using the services immediately. The company calls product sales of SIMs and devices and consulting services for IoT introduction projects "incremental revenue", and communication services and platform services "recurring revenue". A mobile core is the core system for mobile communication, which controls devices, manages subscriber information, and sets up communication routes. However, traditionally, it has been built with hardware such as switchboards and servers, which posed a heavy burden on capital investment. The company's group has built its own mobile core on a public cloud on a software basis, achieving cost competitiveness and high scalability. The related patents for this mobile core number more than 70, and are the source of the company's platform's technological superiority.

For the fiscal year ending in March 2025, it plans to achieve revenue of JPY 991.2 million, a 25% increase from the previous year, and operating profit of JPY 92.5 million, a 27.2% increase from the previous year. Strong growth is expected through long-term stable recurring growth, global, and large and strategic projects. We aim for an operating profit margin of over 30% (non-GAAP) in the long term, through improving gross profit margin ratio through increasing recurring revenue ratio and optimizing selling, general and administrative expenses through operating leverage.