Cube System : 1st Quarter of the Fiscal Year Ending March 31, 2023 Supplementary Information Material for Financial Results
August 17, 2022 at 02:44 am
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1st Quarter of the Fiscal Year Ending March 31, 2023
Supplementary Information Material
Aug 3, 2022
for Financial Results
Securities code: 2335
Contents 1
2
3
1Q of the Fiscal Year Ending March 31, 2023
Overview of Financial Results
Fiscal Year Ending March 31, 2023
Outlook
Appendix
Copyright (C) 2022 CUBE SYSTEM INC. All rights reserved 2
1Q1of the Fiscal Year
Ending March 31, 2023
Overview of
Financial
Results
Overview of Consolidated Statements of Income
Trends in Transition by Accounting Period
Factors Leading to Changes in Operating Profit (Compared to the Previous Fiscal Year)
Trends in Net Sales and Operating Profit by Service Segment
Trends in Net Sales and Operating Profit by Industry
Trends in Net Sales and Operating Profit by Business Model
Index Per Capita
Copyright (C) 2022 CUBE SYSTEM INC. All rights reserved 3
1-1. Overview of Consolidated Statements of Income
Continue to reform the structure of Business model
Overview of
Financial Results
Decrease in sales and income due to delay in occurrence of some projects and reinforcement of management base
Net sales
Operating
Profit
Down 2.4% from the previous fiscal year Achievement rate for earnings forecast: 22.5%
Maintained the same level as the previous fiscal year, fulfillig the expansion of system construction projects in the financial and telecommunications industries, despite a decrease in system construction projects for a shipping company.
Down 28.1% from the previous fiscal year Achievement rate for earnings forecast: 17.8%
Made efforts to enhance the sophistication of enhancement services and increase orders for derivative development projects, though, delays in some projects and the effects of measures to improve profit margins were less than expected.
Implement measures to strengthen management base (human resource development and investment in IT system for in-house use)
FYE 2023
FYE 2022
FYE 2023
1Q
1Q
(Forecast)
(Actual)
(Actual)
(Progress %)
(Unit: millions of yen)
(% change)
Net sales
3,892
3,987
17,300
(-2.4%)
(22.5%)
Operating
272
378
1,530
Profit
(-28.1%)
(17.8%)
Margin (%)
7.0%
9.5%
8.8%
Ordinary
271
390
1,545
Profit
(-30.5%)
(17.5%)
Margin (%)
7.0%
9.8%
8.9%
Net Profit
173
262
1,000
attributable to
(-34.0%)
(17.3%)
owners of parent
Margin (%)
4.5%
6.6%
5.8%
Copyright (C) 2022 CUBE SYSTEM INC. All rights reserved 4
1-2. Trends in Transition by Accounting Period
Overview of
Financial Results
(Millions of yen)
FYE2021
FYE2022
FYE2023
(%)
4,500
25.0
4,000
3,500
20.0
Net sales
3,000
15.0
2,500
Gross margin
Operating
2,000
margin
1,500
10.0
1,000
5.0
500
0
0.0
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Net sales
3,373
3,710
3,508
4,197
3,987
4,073
3,981
4,058
3,892
Cost of sales
2,730
3,027
2,854
3,335
3,124
3,217
3,118
3,188
3,107
Gross profit
642
683
653
861
862
855
862
869
785
(19.1%)
(18.4%)
(18.6%)
(20.5%)
(21.6%)
(21.0%)
(21.7%)
(21.4%)
(20.2%)
Selling, general and
administrative
400
372
413
478
483
487
486
574
513
expenses
Operating Profit
242
310
239
382
378
368
375
295
272
(7.2%)
(8.4%)
(6.8%)
(9.1%)
(9.5%)
(9.0%)
(9.4%)
(7.3%)
(7.0%)
Ordinary Profit
248
355
318
372
390
362
380
299
271
(7.4%)
(9.6%)
(9.1%)
(8.9%)
(9.8%)
(8.9%)
(9.6%)
(7.4%)
(7.0%)
Quarterly net Profit
165
235
196
247
262
238
253
189
173
attributable to
(4.9%)
(6.3%)
(5.6%)
(5.9%)
(6.6%)
(5.9%)
(6.4%)
(4.7%)
(4.5%)
owners of parent
Copyright (C) 2022 CUBE SYSTEM INC. All rights reserved 5
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Cube System Inc. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 06:43:01 UTC.
CUBE SYSTEM INC. is a Japan-based company mainly engaged in the provision of system solutions and services. It has three kinds of services. The system integration services are engaged in the provision of system user interface design, environment design, basic design, programming design and system testing services for customer's information system construction. The system outsourcing services are engaged in the servicesâ provision for system operation and evaluation, mechanism reform and system replacement. The professional services are engaged in the provision of systematization consulting service, database efficiency service, system monitoring service and other technical services by development tools and technology levels.