Tenda announced its consolidated financial results for the fiscal year ending May 2024, marking a year of significant growth. The company’s revenue soared by 22.2% year-on-year to 5.175 billion yen, driven by the strong performance of its newly consolidated subsidiaries Leesa Consulting, X-VERSE PLUS, and Skyarts. This resulted in record-high profits across the board.
Operating profit increased by 19.9% to 545 million yen, ordinary profit by 25.2% to 547 million yen, and net profit surged by 27.9% to 341 million yen.
In the IT Solutions Business, sales revenue reached 3.954 billion yen, up 17.8% year-on-year, with segment profit rising 24.6% to 1.032 billion yen. This growth was supported by Leesa Consulting’s consolidation and the successful capture of high demand for digital transformation services.
However, the Business Product Segment saw a decline, with sales dropping 5.8% to 539 million yen and segment profit falling 20.2% to 139 million yen. Despite upgrading its flagship “Dojo” series with generative AI features, the segment could not match the previous year’s robust performance.
The Game Contents Business experienced the most substantial growth, with sales jumping 110.8% to 642 million yen and segment profit skyrocketing 183.0% to 51 million yen. Contributions from X-VERSE PLUS and Skyarts, alongside the smooth provision of services to “Yamada Game,” fueled this success.
Looking ahead, Tenda anticipates continued double-digit increases in sales and profits for the fiscal year ending May 2025. The company plans to leverage the shortage of advanced IT-skilled digital talent as a business opportunity, forecasting sales to rise by 15.9% to 6 billion yen, operating profit to increase by 28.2% to 700 million yen, ordinary profit to grow by 27.9% to 700 million yen, and net profit to climb by 17.3% to 400 million yen.
