Latest Tokyo Brief coverage on Smaregi,Inc., tracking filings, financial news, and market signals from Japan.
TSE:4431
Smaregi will absorb the register-cloud and cashless-payment customers of Casio subsidiary CXD Next for a token ¥1, using the years before the net-POS business's scheduled 2029 shutdown to pitch them on switching platforms.
Smaregi's operating profit rose 73.3% in the quarter through July as recurring subscription revenue and newly in-housed cashless-payment processing pushed its margin to 28.5%, even though the company left its full-year sales and profit targets unchanged.
Directors’ stock awards would no longer be prorated for months served and could pay up to 200% of base shares, if shareholders back Smaregi’s proposal on July 29.
Revenue in the year to April rose 20.6% to ¥13.3 billion, but operating profit climbed 35.2% to ¥3.2 billion as monthly fees grew 31.7% and advertising and hiring costs were managed more tightly. Cash and equivalents ended April at ¥8.1 billion, the annual dividend rose to ¥24 a share, and the company plans ¥29 for the coming year.