Japan Living Guarantee will merge with Media Seek <4824> as of November 1, 2024, and will begin operations as Solvvy.
Solvvy <7320> announced its consolidated financial results for the first quarter of the fiscal year ending June 2025 (July-September 2024) on the 12th. Revenue increased by 33.0% year-on-year to 1.473 billion yen, operating profit rose by 51.1% to 0.395 billion yen, ordinary profit grew by 49.4% to 0.48 billion yen, and net income attributable to shareholders of the parent company increased by 49.1% to 0.326 billion yen.
HomeworthTech's revenue for the period was 0.841 billion yen, up 33.8% compared to the same period last year, and segment profit was 0.119 billion yen, up 409.1%. Key performance indicators include new contract acquisition amounting to 1.098 billion yen (up 31.3% year-on-year), deferred revenue and long-term deferred revenue balance of 12.228 billion yen (up 24.4%), and the number of companies implementing electronic money issuance services reached 125 (up 16.8%), with unutilized balances of 2.43 billion yen (up 12.3%), all showing growth compared to the previous year.
ExtendTech's revenue was 0.622 billion yen, an increase of 37.2% year-on-year, and segment profit was 0.304 billion yen, an increase of 29.0%. As was the case in the previous consolidated accounting year, progress was made in responding to social needs for renewable energy equipment for residences, such as energy storage systems, and the expansion of operation contract services also led to solid growth in the education ICT sector.
Revenue from other businesses was 0.009 billion yen, a decrease of 64.2% compared to the same period last year, and segment loss was 0.028 billion yen (compared to a profit of 0.002 billion yen in the same period last year). Various financial services that promote business development from a medium- to long-term perspective are being conducted.
The financial estimates for the full-year consolidated results for the fiscal year ending June 2025 forecast revenue to increase by 28.8% to 6.9 billion yen, operating profit to rise by 4.8% to 1.3 billion yen, ordinary profit to increase by 5.8% to 1.6 billion yen, and net income attributable to shareholders of the parent company to grow by 20.8% to 1.176 billion yen, maintaining the initial plan.