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Rakus' Consolidated Sales Slip 1.6% in July

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Rakus' (TYO:3923) consolidated sales slipped 1.6% year on year in July to 4.85 billion yen from 4.93 billion yen a year earlier, according to a Tuesday filing on the Tokyo Stock Exchange.

Cloud business sales climbed 15.9% to 4.85 billion yen from 4.18 billion yen, while monthly recurring revenue increased 17% to 4.52 billion yen from 3.86 billion yen.

By product, Rakuraku Seisan sales jumped 7.8% to 1.84 billion yen and Rakuraku Meisai sales surged 20.7% to 1.26 billion yen.

IT outsourcing business was excluded from the company's scope of consolidation for the fiscal year ending March 31, 2027.

Shares of Rakus added over 7% at market close.

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