For individual investors

Steady growth also achieved even under COVID era

～Expansion of cashless payment platform～

In the fiscal year ending September 30, 2023, there was an point where we saw COVID infections rise, however, the effects of COVID continued to decrease and economic activity resumed. Especially regarding inbound tourism, our strategy of implementing our terminals in inbound related merchants paid off, and transaction volume increased. Additionally, business relations with new merchants continued to increase. Large merchants such as Japan Post, along with mid to small merchants such as restaurants and beauty salons increased, which led to the continuous increase in the number of merchants. We will continue to strive to meet the expectations of our shareholders while fulfilling our social responsibility as a publicly listed company from the standpoint of a payment infrastructure company that is responsible for solving social issues through cashless transactions. We sincerely ask for the continued understanding and support of individual investors in our business activities.

Financial highlights

KPIs

Total addressable market

The size of the face-to-face cashless payment market in Japan is estimated to be around 90 trillion yen, and is expanding steadily with the support of the Japanese government.
Currently, Japanese cashless penetration rate is 36%, which is low compared to other developed countries in the world, but the Japanese government is taking various measures to increase this ratio to 40% by 2025, and up to 80% in the long term. Cashless payment is gradually becoming mainstream in Japan due to various events and trends such as the Tokyo Olympics, the outbreak of COVID, and the increase in the number of foreign tourists. It is also expected that events such as the introduction of new banknotes and the Osaka Expo will increase cashless penetration rate.

* Cashless Roadmap 2023" by the Cashless Promotion Council, Japan
Ministry of Economy, Trade and Industry, "FY2022 Digital Transaction Environment Improvement Project (Market Survey on Electronic Commerce)".
Prepared by Yano Research Institute Ltd. based on "Actual Conditions and Future Forecasts of the Cashless Payment Market in Japan, 2022 Edition.

Business model

We provides a one-stop cashless solutions to the merchants required for face to face cashless payments.
With the payment procesing center as its core business, which is our origin business, the company is responsible for the face to face cashless payment function in a unified manner, from the upstream payment terminal business to the downstream acquiring business.

Earnings model

We earn 4 categories of revenue from 3 businesses.
We pursue growth in Recurring-model revenue and focusing on acquiring merchants with a hook that is Flow-model revenue. We define the period up to 2025 as market share expansion timing. So we aim for future profit growth through market acquisition, rather than maximizing profit margins in near future.

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