【JP:173A】Stock Price

Hammock develops and sells software that helps companies improve operational efficiency and manage information. The company provides products and operational support across three domains: Network Solutions, Sales DX Solutions, and AI Data Entry Solutions, addressing challenges such as IT asset management, security measures, sales support, and document digitization.

The company serves a wide range of customers from private enterprises to government agencies, with implementation experience across large corporations and small-to-medium businesses. Hammock combines cloud-based monthly subscriptions with on-premises sales and maintenance services, securing stable revenue through recurring income from maintenance contracts and usage fees. The company maintains customer relationships through both reseller channels and direct sales, improving retention rates through customer success initiatives.

By business segment, the Network domain provides the AssetView series, which integrates device management and log management on a single screen to reduce operational burden. The Sales DX segment offers cloud-based monthly platforms for centralized customer information management and new business development support. The AI Data Entry segment provides services through AnyForm OCR (on-premises) and WOZE and DX OCR (cloud-based) to rapidly digitize documents and handwritten data.

The company aims for stable growth and improved profit margins. Its business is transitioning to recurring revenue, with recurring sales already exceeding 80% of total sales. Recent performance targets show revenue growth rates of 7.2% for the fiscal year ending March 2024, 9.9% for March 2025, and 8.8% for March 2026. Operating profit is projected at 670,106 thousand yen for 2024, 791,514 thousand yen for 2025, and 870,360 thousand yen for 2026, reflecting gradual profit expansion. The company plans to secure stable long-term profitability by reducing fixed cost ratios and managing customer acquisition costs.

The company is prioritizing investments in three areas: networking, sales support (Sales DX), and AI-powered document processing. In networking, it is advancing cloud-based device management and expanding cloud revenue from 30% in 2024 to 38% in 2025 through the launch of "AssetView Cloud+." In sales support, it offers business card management, customer relationship management, and prospect development on a single platform, differentiating itself through integrated AI capabilities. In OCR, it addresses document digitization needs through the cloud-based "DX OCR" and BPO service "WOZE."

The company is actively expanding into new markets and business areas. It is strengthening cloud proposals for local governments and educational institutions in line with guidelines and promoting cloud migration for existing on-premises users to increase recurring revenue. On the sales front, it is expanding distribution through resellers and partner channels, generating leads via seminars and exhibitions, and improving retention rates through dedicated support for implementation and operations. These efforts aim to simultaneously grow new customer acquisition and extend existing customer contracts.

The company positions technological innovation as its growth engine and is strengthening AI implementation and development capabilities. It is sequentially introducing features such as "AI Meeting Minutes" and "AI Assist" to Sales DX, targeting a next-generation platform with higher sales efficiency. In OCR, the 2024 launch of DX OCR enables automatic document sorting and processing without manual form design, reducing manual work. Development prioritizes rapid in-house product cycles, with continued investment in talent recruitment and training, as well as information security frameworks (ISMS, P-Mark certification, etc.), to enhance competitiveness in both safety and functionality.