4256 東証グロース(情報・通信)



(公開日 2023.01.13)


CYND(4256 TSE Growth)

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Provides cloud-based reservation management system BeautyMerit for hair and beauty salons

1. Corporate Overview
CYND offers cloud-based reservation management system BeautyMerit to hair and beauty salons as a subscription service. The number of salons that have entered into contracts with BeautyMerit has expanded rapidly, growing from 1,101 at the end of March 2017 to 6,411 at the end of September 2022.
In fiscal year ended March 2022, subscription sales comprised 87.8% of total sales, establishing a stock-type revenue business model. The marginal profit ratio is high, with operating profit margin reaching 27.4%.

2. Financial Analysis
The company's net sales and ordinary profit increased by an annual average of 40.3% and 37.9%, respectively, from fiscal year ended March 2017 to fiscal year ended March 2022. This was attributable primarily to an increase in the number of contracted salons. In fiscal year ended March 2022, the operating profit margin improved by 3.9 percentage points year-on-year, as the increase in expenses was outpaced by the revenue growth rate.
Compared with similar companies, CYND is more attractive in terms of growth potential and financial stability.

3. Non-Financial Analysis
The sources of CYND's intellectual capital are the efficiency of its business operations and the high level of customer satisfaction.

4. Corporate Strategy Analysis
The company's policy is to maximize net sales by increasing the number of contracted salons through augmenting sales personnel and leveraging agency partners, and by boosting sales per contracted salon through factors including improvement of system functions and addition of new functions.











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