Skip page header and navigation

TwoStone & Son Q1 revenue rises 28.5%

TwoStone & Son Q1 revenue rises 28.5%

Danny Romero
| January 15, 2025

main article

TwoStone & Son (7352: TYO), previously known as Branding Engineer, reported revenue on 14 January of JPY 4.13 billion (USD 26.3 million) for the first quarter ended 30 November 2024, an increase of 28.5% over the prior year.

(JPY millions)

Q1 2024

Q1 2023

Change

Q1 2024

Revenue

4,137

3,219

28.5%

26.3

Gross Profit

1,206

886

36.1%

7.7

Gross Margin

29.1%

27.5%

-

-

Operating Income

289

59

387.5%

1.8

Net Income

191

28

577.5%

1.2

TwoStone & Sons is a Japan-based company mainly engaged in the provision of information technology engineer resources and digital marketing. The company operates through two segments. The Engineer Platform Service segment is engaged in the Midworks business, which operates a matching platform service between IT engineers and companies that want to develop IT services and systems for their own use. The Marketing Platform Service segment is engaged in the media business of operating multiple media centred on information dissemination media for IT engineers and business people.

Looking ahead, the company forecasted revenue of JPY 18.60 billion (USD 118.5 million) for the year ended 31 August 2025.

TwoStone & Sons shares closed on 14 January at JPY 972.00 (USD 6.19), down 0.40% on the day. The company has a market cap of JPY 41.48 billion (USD 264.4 million).