Rakir <4074> announced the interim financial results for the 2024 fiscal year ending December 9th, with revenue increasing by 12.3% to 41.66 billion yen compared to the same period last year, and operating profit increasing by 49.8% to 4.36 billion yen. The full-year forecast calls for a 20.4% increase in revenue to 92.15 billion yen compared to the previous period, and a 34.8% increase in operating profit to 104.4 billion yen, with progress rates of 45.2% and 41.8% respectively. The progress rates for the first half of the previous year were 44.1% and 32.3% respectively, showing particularly smooth progress in terms of profitability.
The company is engaged in the development and maintenance of enterprise systems, the development and operation of cloud-based applications, and the development and sale of related products under the name 'LaKeel DX.' 'LaKeel DX' enables the development of enterprise systems by offering a wide range of fine components (such as file management, search, and master linkage functions) that can be combined to achieve the necessary business functions (system development). The company holds patents for this development technology, allowing user companies to develop and operate applications on cloud platforms, primarily for server operations, without the need to prepare servers or network equipment. The company's product services (representing 58% of the previous period's revenue) provide products that operate on 'LaKeel DX' and also offer consulting services. Professional services (representing 42%) mainly provide system development and maintenance services for core systems in finance, information, construction, and materials.
In the product services segment, license and subscription revenue is growing, increasing profitability. The number of subscription users has reached 344, a 15.8% increase over the same period last year, with subscription revenue increasing by 22.4% to 568 million yen. The ARPU (average revenue per user) has also increased by 9.0% to 0.291 million yen over the same period last year, confirming a steady increase in both quantity and price in the product services segment.
The company primarily conducts business with large enterprises, with an increasing number of customers in the finance and service industries. Many long-standing customers from the time of its founding continue to be a solid revenue base. With the continued expansion of the DX domestic market, the company's customer base is also expected to grow steadily. The company is focusing on the highly profitable product services, centered around LaKeel DX, expanding the lineup of LaKeel products, and increasing the number of users. Flow-based consulting services are being provided, implemented as a hybrid service for DX consulting and data analysis (BI) consulting. Alongside the market expansion, it is expected that the company's performance will continue to grow at a double-digit rate in the medium to long term.