CrowdWorks (Securities Code: 3900) Announces Full-Year Financial Results for the Fiscal Year Ending September 2022 Sales and Gross Profit Grew More Than 30% Year-on-Year, Achieved Record-High Profits

CrowdWorks Inc.
CrowdWorks (Securities Code: 3900) Announces Full-Year Financial Results for the Fiscal Year Ending September 2022 Sales and Gross Profit Grew More Than 30% Year-on-Year, Achieved Record-High Profits
CrowdWorks Co., Ltd. (Headquarters: Shibuya-ku, Tokyo, President and CEO: Koichiro Yoshida, hereinafter “our company”), which develops and operates an online talent matching platform that connects companies and individuals, announced today its full-year financial results for the fiscal year ending September 2022. I did.
■ Fiscal Year Ending September 2022 Performance Summary
Net sales were 10.57 billion yen (up 31.3% year-on-year) and gross profit was 4.81 billion yen (up 33.7% year-on-year), achieving record highs. As an upfront investment for growth in the fiscal year ending September 2011, while actively recruiting personnel and investing in advertising in the 4Q, operating income (Non-GAAP) exceeded the guidance of 1.00 billion yen (up 62.4% year-on-year). %).
[Image 1

Fiscal Year Ending September 2022 Full-Year Earnings Summary Company-wide GMV (gross merchandise transaction value) reached 19.45 billion yen (107.7% of initial forecast) for the full year. The number of users has reached 5.275 million and the number of clients has reached 849,000 companies. All businesses are growing well. In addition, we are making progress ahead of schedule with a 33.7% year-on-year growth rate toward our medium- to long-term growth target of “gross profit CAGR of +20% or more for 10 consecutive years.”
[Image 2

Medium- to long-term growth targets Progress
Behind the high growth is the improvement of all KPIs (number of ordering companies and order unit price) for the matching business (Crowdworks, Crowdtech, BizAshi), as well as the side business that specializes in creating side jobs for high-class human resources. (Cloud Links)” has exceeded 70,000 registered users and expanded rapidly, and the “SaaS business (Cloud Log)” has grown to a scale of ARR of 340 million yen through the development of major customers and strengthening of marketing. I’m here.
As a unique initiative, we have focused on “improving productivity” over the past three years from the fiscal year ending September 2020 to the fiscal year ending September 2022. Achieved 71.4% growth in gross profit over the same three-year period. Gross profit per employee improved +35.9% while the number of employees increased +26.1%, indicating that the business is growing at a faster pace than the expansion of the organization.
[Image 3

3-year productivity improvement results
In order to further develop the matching business, which is our core business, we are also focusing on M&A, promoting PMI through the penetration of a culture of productivity improvement and the utilization of matching know-how. As a result, the sales of Codeal, which was acquired in September 2021, will approximately triple. In addition, we aim to further expand our business by newly acquiring Peaceful Morning, which provides one-stop services in the RPA area, in October 2022.
■ Fiscal Year Ending September 2023 Earnings Forecast (Guidance) To achieve our medium- to long-term goal of 10 consecutive years of gross profit CAGR of 20% or more, we forecast sales of 13.0 billion yen (up 22.9% year-on-year) and gross profit of 5.9 billion yen for the fiscal year ending September 30, 2023. billion yen (up 22.6% year on year) and EBITDA (Non-GAAP) of 1.2 billion yen (up 14.5% year on year).
Until the fiscal year ending September 2010, we disclosed “Operating income (Non-GAAP)” as an indicator, but from the fiscal year ending September 2011, we will adopt “EBITDA (Non-GAAP)”.
[Image 4

Fiscal Year Ending September 2023 Earnings Forecast
In addition, we have achieved all of our earnings forecasts for the past two years, and we are aiming to significantly exceed our earnings forecasts for the fiscal year ending September 2011 as well. [Image 5

Earnings Forecasts and Achievement Rates for the Past Two Years CrowdWorks’ mission is to become an infrastructure for individuals, and its vision is to become the company that delivers rewards to the largest number of people in the world. We will continue to solve all the social issues facing Japan, such as the structural labor shortage, the shortage of DX personnel, the continuous career development of women, and the expansion of employment of senior human resources, and realize the growth of sales and profits. increase.
▼For details, please see the financial results materials on the IR page of the corporate website.
https://crowdworks.co.jp/ir/
■ About CrowdWorks Inc.
[Image 6

The mission of CrowdWorks is to become an infrastructure for individuals, and the vision is to become the company that delivers rewards to the largest number of people in the world. We develop and operate an online talent matching platform that connects individuals. As of the end of September 2022, the number of users of the services provided by our company has reached 5.275 million, and the number of clients has reached 849,000 companies. It is also used by affiliated organizations. Listed on the Tokyo Stock Exchange Mothers in 2014, moved to the Tokyo Stock Exchange Growth Market (Securities Code 3900) in 2022 through market reorganization, and in 2015 won the Work Style Innovation Award at the 1st Japan Venture Award from the Ministry of Economy, Trade and Industry, as well as Good Design and Future Creation Design. Award winning.
Company name: Crowdworks Co., Ltd.
Representative: Koichiro Yoshida, President and CEO
Location: Ebisu Garden Place Tower 6F, 4-20-3 Ebisu, Shibuya-ku, Tokyo Established: November 11, 2011
Business: Operation of Internet service
Japan’s largest crowdsourcing “Crowdworks” https://crowdworks.jp Free work styles for highly skilled freelancers. “Cloud Tech” https://crowdtech.jp/client/
“Bizassi” that matches certified assistants and companies
https://bizasst.jp/client/
    High-class side business “Cloud Links” https://crowdlinks.jp/     High-class sideline agent “Links Agent” https://agent.crowdlinks.jp/cl/     Cloud-based project management “Cloud Log” that visualizes work styles https://www.crowdlog.jp/
    Online skill learning community “Everyone’s College”
https://minnano-college.jp/
“PARK”, a skill EC creation service that can be created in 30 seconds https://park.jp/
[group company]
“Codeal”, a multi-job matching service for ready-to-work engineers https://www.codeal.work/
Membership payment service with no initial cost “Member Pay” https://memberpay.jp/
    RPA/low-code professional matching platform “RPA HACK Freelance” https://rpahack.tech/
Capital: 2,697,170,000 yen *As of the end of September 2022
URL: https://crowdworks.co.jp/

Details about this release:
https://prtimes.jp/main/html/rd/p/000000123.000050142.html


rehow

Leave a Reply

Your email address will not be published.

%d bloggers like this: