CYBERLINKS CO.,LTD.
3683・Standard Market・Information & Communication
Business
CyberLinks Co., Ltd. is a Wakayama City-headquartered IT services company listed on the TSE Standard Market. Under the keyword "Share Cloud" (shared-use cloud), the company operates four businesses: ① a core business cloud for the food distribution industry (Distribution Cloud Business), ② government information systems and disaster prevention radio for local municipalities (Government Cloud Business), ③ blockchain-based digital certificates and My Number authentication (Trust Business), and ④ operation of 10 docomo Shop locations in Wakayama Prefecture (Mobile Network Business). The company traces its origin to a communications equipment sales business founded in 1956, and changed to its current company name in 2000. Net sales for FY2025 (ending December 2025) reached ¥18,136 million, marking a record-high performance.
Business Model
By adopting the "Share Cloud" method, in which multiple customers jointly use a single system, the company provides high-functionality services at low cost. It positions "recurring revenue" — comprising information processing fees, maintenance fees, and other continuously earned income from customers — as a key management indicator, with recurring revenue reaching ¥8,734 million (up 7.5% year on year) in FY2025 (ending December 2025). The accumulation of stock-type revenue forms a stable earnings base, creating a structure that secures capacity for upfront investment.
Company Strengths
In FY2025 (ending December 2025), the Government Cloud Business achieved net sales of ¥8,477 million (up 24.3% year on year) and segment profit of ¥1,202 million (up 135.9% year on year). The company won large-scale contracts from municipalities such as Ota Ward and Funabashi City, and nationwide rollout of the document management system "ActiveCity" is contributing to the accumulation of recurring revenue.
Recurring revenue from information processing fees, maintenance fees, and other sources reached ¥8,734 million in FY2025 (ending December 2025) (up 7.5% year on year). Against net sales of ¥18,136 million, the recurring revenue ratio reached approximately 48%, forming a stable earnings base that is less susceptible to economic fluctuations. The medium-term management plan targets ¥12,600 million (¥12.6 billion) by FY2030 (ending December 2030).
"Sendo Net V2," a fresh food ordering system for the retail industry, has seen increasing inquiries backed by its extensive track record of implementation, and has begun operating at multiple customers including major supermarkets. For the wholesale industry, "Cloud EDI-Platform" has seen major customers complete full migration, establishing its position as a platform covering the entire food distribution supply chain.
ENVALITH's Perspective
Performance Trend
Revenue over the past five fiscal periods has continued an expansionary trend from a trough of ¥12,225 million in FY2022, reaching a record high of ¥18,136 million in revenue and ¥1,846 million in operating profit in FY2025. In Q1 of FY2026 (ending December 2026), revenue reached ¥5,440 million (up 20.9% year-on-year), operating profit reached ¥834 million (up 101.3% year-on-year), and quarterly net income attributable to owners of the parent reached ¥573 million (up 111.4% year-on-year), demonstrating accelerating growth. The main driver was progress on local government DX-related projects within the Government Cloud Business. The full-year forecast of ¥19,238 million in revenue (up 6.1% year-on-year) and ¥1,909 million in operating profit (up 3.4% year-on-year) is conservatively set, and the Q1 progress rate against this forecast is at a high level. As an external factor, rising labor costs and other cost increases associated with inflation continue to act as a pressure on profit margins.
Growth Strategy
Launched a five-year medium-term plan targeting net sales of ¥22,100 million and ordinary income of ¥3,000 million for FY2030 (ending December 2030)
In March 2026, new operations commenced at two companies, and orders were also secured from a major supermarket chain. Development of AI features to contribute to improved operational efficiency for users has begun, aiming to expand the customer base through strengthened competitiveness and enhanced added value.
Deployment is accelerating, including the start of operations at multiple organizations for the document management system "ActiveCity" and the start of operations of the online counter "Minna no Madoguchi" in Edogawa Ward. Development is also underway to enhance document search efficiency through AI features, aiming to build up recurring revenue and drive higher profitability.
Through the expansion of new orders for CloudCerts, the rollout of the AI Biometric Authentication & Identity Verification Service in the Japanese market in collaboration with South Korea's HANCOM Inc., and progress on contracted development such as the National Qualification Examination System, the segment loss narrowed to ¥3 million in the first quarter of FY2026 (ending December 2026). The company aims to achieve profitability.
Recurring revenue expanded steadily to ¥2,297 million (up 8.5% year on year) in the first quarter of FY2026 (ending December 2026). The company is strengthening its stable earnings base as the number of service operations increases across each segment, forming the foundation for achieving the medium-term plan targets.
Under the vision of WorkSmart, "Everyone Takes the Lead – Creating a Healthy, Vibrant, and Fulfilling Workplace," the company is promoting human capital investment, including sustained improvements in working conditions. Salary levels have already been raised, aiming to secure and retain talented personnel.
Last updated: July 17, 2026