Raksul projects strong growth, strategic investments through FY2026

Raksul projects consolidated revenue of JPY 75,000-77,000 million for FY2026, an increase of 21.1-24.3% year-over-year, with gross profit expected to be JPY 26,000-27,000 million (19.9-24.5% year-over-year). Non-GAAP EBITDA is forecasted to reach JPY 7,200-7,700 million, an 18.1-26.3% increase from FY2025. This growth is driven by accelerated organic expansion, including ID integration and cross-selling initiatives, and continued M&A in adjacent domains.

For FY2025, Raksul surpassed its guidance, reporting JPY 61,950 million in revenue (21.2% year-over-year) and JPY 21,684 million in gross profit (26.1% year-over-year). Non-GAAP EBITDA reached JPY 6,096 million (34.1% year-over-year), exceeding the revised forecast. The Procurement Platform saw revenue growth of 22.4%, with gross margin increasing to 32.7%, while the Marketing Platform achieved full-year positive EBITDA despite active investments.

Raksul's capital allocation strategy, initiated in FY2024, prioritizes M&A and business growth. The company aims for JPY 17.5-40.0 billion in growth investments and JPY 2.5 billion in shareholder returns through FY2028. Key initiatives include expanding its sales team, launching new services like Raksul Mall and Raksul Bank, and leveraging AI to enhance productivity and accelerate product launches.