Accelerating Revenue GrowthRevenue surged 314.6% in 2025, reflecting strong product-market fit and rapid customer adoption. Sustained high top-line growth supports operating leverage, funds continued investment in product and sales, and creates a clearer path to durable profitability if execution persists.
High, Stable Gross MarginsGross margins of roughly 59–65% indicate robust unit economics and pricing power common in scalable infrastructure software. Stable high margins let the company absorb sales and R&D spend while expanding operating profit as revenue scales, supporting sustainable margin durability.
Positive Free Cash FlowFree cash flow turned positive (~¥171m) in 2025 and was close to reported earnings, signaling improving earnings quality and cash conversion. Durable FCF enhances financial flexibility, lowers reliance on external capital, and enables reinvestment or balance sheet strengthening.