Sansan Inc., whose initial public offering on Wednesday was Japan’s biggest this year, plans to prioritize revenue growth rather than profitability in the near future, Chief Financial Officer Muneyuki Hashimoto said in an interview.
Sansan, which scans business cards so that people can discover who within a company knows whom, should be able to increase revenue by 30% and 50% annually, Hashimoto said. Daiwa Securities estimates that sales will rise 37% in the fiscal year ending in May 2020 and will grow 42% the following year.
