Trend Micro Inc
TSE:4704

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Trend Micro Inc
TSE:4704
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Price: 5 832 JPY 4.31% Market Closed
Market Cap: ¥795.6B

Trend Micro Inc
Investor Relations

Trend Micro Inc. began its journey in 1988, founded by three visionaries — Steve Chang, Jenny Chang, and Eva Chen. They had a single-minded mission: to make the digital world safer as the internet expanded its reach to every corner of the globe. Initially venturing into antivirus software, Trend Micro quickly established itself as a leader in cybersecurity by anticipating the growing threats posed by malicious actors. Headquartered in Tokyo, Japan, the company carved its niche by offering security solutions that protected both consumer and enterprise environments from virtual perils. Its strategy revolved around not just defending against existing threats but predicting emerging ones using advanced machine learning and big data analytics. This proactive stance positioned Trend Micro as a trusted guardian in the digital age, with a presence felt across the continents.

In an age where data is both an asset and a liability, Trend Micro extended its expertise beyond traditional antivirus solutions, delving into cloud security, network defense, and endpoint security. They built a comprehensive product suite that targeted small businesses, global enterprises, and everything in between. The company makes money by selling these security solutions through subscriptions and licensing agreements, offering tailored services that cater to the specific needs of different businesses. Additionally, Trend Micro provides managed security services, enabling enterprises to outsource their cybersecurity needs entirely. Through partnerships and collaborations with major tech players, Trend Micro ensures seamless integration and deployment across diverse platforms and ecosystems. This approach has helped the company maintain a steady revenue stream, bolstering its reputation as an innovator in the cybersecurity space while keeping the digital world a little safer each day.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Operating Income: Operating income rose 8% quarter-over-quarter, supported by a 1% reduction in operating expenses, with additional tailwind from lower stock-related costs.

Net Income: Net income surged 48%, mainly due to favorable FX movements compared to last year.

Vision One Growth: Vision One platform revenue jumped 74% year-over-year and now boasts a 46% attach rate among large enterprise customers.

Enterprise Segment: Enterprise business grew 4% year-over-year globally, with Japan up 7%. Large multiyear contracts and migration to Vision One are accelerating.

Consumer Recovery: Consumer segment declined 9% year-over-year due to the Digital River bankruptcy, but migration to a new merchant is complete and revenue is expected to recover in Q4 and next year.

Margins & Cash Flow: Operating margin increased to 23%, and cash flow improved significantly versus the prior year.

Guidance: Full-year 2025 guidance was reaffirmed, with management expressing confidence in meeting targets.

Key Financials
Operating Expenses
Down 1%
Operating Income
Up 8%
Net Income
Up 48%
Enterprise Revenue
Up 4%
Japan Enterprise Revenue
Up 7%
Consumer Revenue
Down 9%
Operating Margin
23%
Vision One Revenue Growth
Up 74%
Vision One Attach Rate (Large Enterprise)
46%
Vision One Customer Growth (Japan)
Up 30%
Vision One Multiyear Contract Growth (Japan)
Up 112%
Average Modules Deployed (Vision One Customers)
4.9
Modules Deployed with Cyber Risk Exposure Management
6.4
Net Revenue Retention (NRR)
136%
Large Enterprise Recurring Revenue
Up 3%
Small Enterprise Recurring Revenue
Up 1%
Consumer Recurring Revenue
Down 5%
Digital Protection Products Revenue (Consumer)
$32 million
Full-Year 2025 Guidance
Unchanged
Earnings Call Recording
Other Earnings Calls

Management

Ms. Eva Chen
Co-Founder, President, Group CEO & Representative Director
No Bio Available
Mr. Mahendra Negi
Group CFO, Executive VP & Representative Director
No Bio Available
Mr. Akihiko Omikawa
Executive VP of Japan, GM of Japan, Global Consumer Business & IoT Business Promotion and Director
No Bio Available
Mr. Ming-Jang Chang
Founder & Chairman of the Board
No Bio Available
Ms. Jenny Chang
Chief Culture Officer & Co-Founder
No Bio Available
Mr. Kevin Simzer
Chief Operating Officer
No Bio Available
Mr. Max Cheng
CIO & Chief Technology Officer
No Bio Available
Mr. Felix S. Sterling J.D.
Chief Legal Officer and Executive VP Global Policy & Compliance
No Bio Available
Mr. Dhanya Thakkar
Senior Vice President of Global Marketing & US-AMEA Sales
No Bio Available
Ms. Claudia Wu
Chief Human Resources Officer
No Bio Available

Contacts

Address
TOKYO-TO
Shibuya-Ku
Shinjuku Maynds Tower, 2-1-1, Yoyogi
Contacts
+81353343600.0
www.trendmicro.com