Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

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<ul><li>Revenue reached JPY6.1bn (+8.9% YoY), with Product Services at JPY3.5bn (+10.1% YoY) and Professional Services at JPY2.6bn (+7.1% YoY).</li><li>Operating profit was JPY521mn (+14.7% YoY), with a 0.4pp increase in OPM to 8.5%, driven by Product Services.</li><li>At end-September 2024, LaKeel product user companies numbered 344 (+11.0% YoY), with ARPU at JPY293,000 (+10.2% YoY).</li></ul>

Revenue reached JPY6.1bn (+8.9% YoY), with Product Services at JPY3.5bn (+10.1% YoY) and Professional Services at JPY2.6bn (+7.1% YoY).Operating profit was JPY521mn (+14.7% YoY), with a 0.4pp increase in OPM to 8.5%, driven by Product Services.At end-September 2024, LaKeel product user companies numbered 344 (+11.0% YoY), with ARPU at JPY293,000 (+10.2% YoY).

LaKeel (4074 JP): Q3 FY12/24 flash update

Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

<ul><li>Q1-2 FY12/24 results were ahead of company guidance for profits, with the company driving earnings through a combination of sales growth for the higher return Product Service segment, and sound cost management with flat SG&amp;A costs YoY.</li><li>We believe quarterly Q2 FY12/24 SaaS metrics for LaKeel Products were positive, demonstrating an acceleration in growth for ARPU (+9% YoY) and MRR (+26.2% YoY).</li><li>This strategically important product line contributed 14% of Q1-2 FY12/24 sales, and continued execution of scaling will allow the company to improve both the sales mix as well as the quality of earnings.</li></ul>

Q1-2 FY12/24 results were ahead of company guidance for profits, with the company driving earnings through a combination of sales growth for the higher return Product Service segment, and sound cost management with flat SG&amp;A costs YoY.We believe quarterly Q2 FY12/24 SaaS metrics for LaKeel Products were positive, demonstrating an acceleration in growth for ARPU (+9% YoY) and MRR (+26.2% YoY).This strategically important product line contributed 14% of Q1-2 FY12/24 sales, and continued execution of scaling will allow the company to improve both the sales mix as well as the quality of earnings.

LaKeel (4074 JP) - Continuing to Build a Track Record

<ul><li>Revenue: JPY4.2bn (+12.3% YoY), EBITDA: JPY653mn (+39.5% YoY), Operating profit: JPY437mn (+49.8% YoY), Recurring profit: JPY424mn (+47.5% YoY), Net income: JPY287mn (+49.3% YoY).</li><li>Product Services revenue: JPY2.4bn (+12.9% YoY), Professional Services revenue: JPY1.8bn (+11.7% YoY), licenses: JPY233mn (+110.6% YoY), subscriptions (LaKeel products): JPY568mn (+22.4% YoY).</li><li>LaKeel product user companies: 344 (+15.8% YoY), ARPU: JPY291,000 (+9.0% YoY), one-time revenue: JPY193mn (+250.4% YoY), recurring revenue: JPY1.6bn (+3.0% YoY).</li></ul>

Revenue: JPY4.2bn (+12.3% YoY), EBITDA: JPY653mn (+39.5% YoY), Operating profit: JPY437mn (+49.8% YoY), Recurring profit: JPY424mn (+47.5% YoY), Net income: JPY287mn (+49.3% YoY).Product Services revenue: JPY2.4bn (+12.9% YoY), Professional Services revenue: JPY1.8bn (+11.7% YoY), licenses: JPY233mn (+110.6% YoY), subscriptions (LaKeel products): JPY568mn (+22.4% YoY).LaKeel product user companies: 344 (+15.8% YoY), ARPU: JPY291,000 (+9.0% YoY), one-time revenue: JPY193mn (+250.4% YoY), recurring revenue: JPY1.6bn (+3.0% YoY).

LaKeel (4074 JP): 1H FY12/24 flash update

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lakeel-inc" target="_blank" data-smartkarma-citation="entities:40022:1" rel="noopener">LaKeel (4074 JP)</a> is a software development company that uses a new system development method called microservices.</li>
<li>In FY12/23, revenue was JPY7.7bn (+11.2% YoY), operating profit JPY775mn (+0.3% YoY), recurring profit JPY807mn (+10.3% YoY), and net income attributable to owners of the parent JPY540mn.</li>
<li>The company has not announced a medium-term business plan, but has medium-term targets of JPY10.0bn in revenue and an OPM of 15% to be achieved.</li>
</ul>



LaKeel (4074 JP) is a software development company that uses a new system development method called microservices.
In FY12/23, revenue was JPY7.7bn (+11.2% YoY), operating profit JPY775mn (+0.3% YoY), recurring profit JPY807mn (+10.3% YoY), and net income attributable to owners of the parent JPY540mn.
The company has not announced a medium-term business plan, but has medium-term targets of JPY10.0bn in revenue and an OPM of 15% to be achieved.


<ul><li>Encouraging signs with a positive turnaround in Q4 FY12/23 – Q1-4 FY12/23 results were in line with company guidance, with Q4 FY12/23 demonstrating a major pick-up in LaKeel Product license sales resulting in a recovery in profitability QoQ.</li><li>This was a welcome development from project delays experienced in Q3 FY12/23 and highlights positive underlying demand for LaKeel’s technology.</li><li>Company guidance for FY12/24 reflects expectations of high double-digit sales and earnings growth YoY, and we believe this will be driven by intensifying efforts by LaKeel to increase market penetration of their technology.</li></ul>

Encouraging signs with a positive turnaround in Q4 FY12/23 – Q1-4 FY12/23 results were in line with company guidance, with Q4 FY12/23 demonstrating a major pick-up in LaKeel Product license sales resulting in a recovery in profitability QoQ.This was a welcome development from project delays experienced in Q3 FY12/23 and highlights positive underlying demand for LaKeel’s technology.Company guidance for FY12/24 reflects expectations of high double-digit sales and earnings growth YoY, and we believe this will be driven by intensifying efforts by LaKeel to increase market penetration of their technology.

LaKeel (4074) - Ready for the Next Growth Phase

Japan

LaKeel, Inc. offers information technology services. The Company provides cloud porting legacy migration, cloud operation, data analytics, information technology consulting, and other services. LaKeel also operates online media distribution.

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LaKeel (4074 JP)

LaKeel (4074 JP): Q3 FY12/24 flash update

Revenue reached JPY6.1bn (+8.9% YoY), with Product Services at JPY3.5bn (+10.1% YoY) and Professional Services at JPY2.6bn (+7.1% YoY). Operating...

Shared Research

LaKeel (4074 JP) - Continuing to Build a Track Record

Q1-2 FY12/24 results were ahead of company guidance for profits, with the company driving earnings through a combination of sales growth for the...

Astris Advisory Japan

LaKeel (4074 JP): 1H FY12/24 flash update

Revenue: JPY4.2bn (+12.3% YoY), EBITDA: JPY653mn (+39.5% YoY), Operating profit: JPY437mn (+49.8% YoY), Recurring profit: JPY424mn (+47.5% YoY),...

Shared Research

LaKeel (4074): Full-Year FY12/23 Update

LaKeel (4074 JP) is a software development company utilizing microservices, with FY12/23 revenue of JPY7.7bn and medium-term targets of JPY10.0bn...

Shared Research

LaKeel (4074) - Ready for the Next Growth Phase

Company guidance for FY12/24 reflects expectations of high double-digit sales and earnings growth YoY, and we believe this will be driven by...

Astris Advisory Japan

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LaKeel (4074 JP): Q3 FY12/24 flash update

Revenue reached JPY6.1bn (+8.9% YoY), with Product Services at JPY3.5bn (+10.1% YoY) and Professional Services at JPY2.6bn (+7.1% YoY). Operating...

Shared Research

LaKeel (4074 JP) - Continuing to Build a Track Record

Q1-2 FY12/24 results were ahead of company guidance for profits, with the company driving earnings through a combination of sales growth for the...

Astris Advisory Japan

LaKeel (4074 JP): 1H FY12/24 flash update

Revenue: JPY4.2bn (+12.3% YoY), EBITDA: JPY653mn (+39.5% YoY), Operating profit: JPY437mn (+49.8% YoY), Recurring profit: JPY424mn (+47.5% YoY),...

Shared Research

LaKeel (4074): Full-Year FY12/23 Update

​LaKeel (4074 JP) is a software development company utilizing microservices, with FY12/23 revenue of JPY7.7bn and medium-term targets of JPY10.0bn...

Shared Research

LaKeel (4074) - Ready for the Next Growth Phase

Company guidance for FY12/24 reflects expectations of high double-digit sales and earnings growth YoY, and we believe this will be driven by...

Astris Advisory Japan

LaKeel (4074 JP) is a software development company utilizing microservices, with FY12/23 revenue of JPY7.7bn and medium-term targets of JPY10.0bn...