On the 10th, Veru Inc. <6183> announced its consolidated financial results (IFRS) for the first quarter of the 2025 fiscal year (March to May 24). Sales revenue decreased by 6.5% compared to the same period last year to JPY 36.816 billion, operating profit decreased by 37.2% to JPY 2.6 billion, pre-tax profit decreased by 37.4% to JPY 2.558 billion, and quarterly profit attributable to the parent company decreased by 42.7% to JPY 1.687 billion.
The Group has been accelerating its three key strategic initiatives of 'people (maximizing the potential of a total workforce of 0.04 million people)', 'visualization (advanced use of data)', and 'co-creation (exploration of the NEW BPO domain)' in order to achieve sustained growth.
During this first quarter, as part of its 'visualization' efforts, the company began full-scale offering of the service 'BPR Consulting,' which involves the planning and execution of business process reform based on the knowledge and framework accumulated through handling BPO services such as contact centers, sales agency, and administrative processing for more than 1,300 customers. The BPR consultants take a multifaceted approach to achieve highly feasible business reforms, and have already achieved results such as an increase in core business hours due to a reduction in work hours, and digitization of work. In addition, it signed a business alliance contract with Blueship, which provides a wide range of support services for local governments, including DX for administrative services procedures. As part of its 'co-creative' initiatives, Horizon One, a joint venture with Layers Consulting, opened its second base, the 'Kumamoto Kamitori BPO Center.' The new center will become a new base for expanding BPO services in the fields of accounting and personnel affairs, etc. It also began offering 'Real Promotion CRM,' a one-stop solution that covers face-to-face promotion through to aftercare, in collaboration with Espoir Sales Support. As part of its 'people' initiatives, it was certified for the second consecutive year in the large corporate division of the 'Healthy Company 2024' jointly implemented by the Ministry of Economy, Trade and Industry and the Japan Health Conference. It promotes health management in order to create an environment where each employee can work and be active as themselves. In addition, it was certified for the first time in the 'Human Capital Survey 2023,' Japan's largest survey on human capital management and disclosure, as 'Silver' for human capital management quality.
The CRM business had sales revenue of JPY 36.709 billion, a 6.3% decrease from the same period of the previous year, and pre-tax quarterly profit of JPY 2.537 billion, a 37.3% decrease from the same period of the previous year. Due to the significant reduction in national policy-related businesses such as coronavirus measures, sales revenue decreased compared to the same period last year. In terms of profit, despite activities to improve revenue such as controlling selling, general and administrative expenses, pre-tax profit decreased due to reduction in national policy-related businesses compared to the same period last year.
Other segment's sales revenue decreased by 37.9% to JPY 0.107 billion, and pre-tax quarterly profit decreased by 50.5% to JPY 0.021 billion. Content sales revenue decreased.
The company is maintaining its initial plan of expecting consolidated operating revenue to increase by 2.9% over the previous period to JPY 153 billion, operating profit by 8.9% to JPY 12.5 billion, pre-tax profit by 8.7% to JPY 12.2 billion, and quarterly profit attributable to the parent company by 6.0% to JPY 8 billion for the full year ending February 2025.