V-Cube, Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2020; Provides Consolidated Earnings Guidance for the First Half of 2020 and Fiscal Year Ending December 31, 2020; Provides Dividend Guidance for the Year Ending December 31, 2020
May 14, 2020 at 02:30 am EDT
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V-cube, Inc. reported consolidated earnings results for the first quarter ended March 31, 2020. For the quarter, the company reported net sales of ¥1,549 million against ¥1,715 million a year ago. Operating income was ¥70 million against ¥28 million a year ago. Profit attributable to owners of parent was ¥73 million against loss attributable to owners of parent of ¥5 million a year ago. Net income per share were ¥3.07 against net loss per share ¥0.21 a year ago. Diluted net income per share was ¥2.98.
For the first half of 2020, the company forecasted consolidated net sales of ¥3,331 million, operating income of ¥148 million, profit attributable to owners of parent of ¥88 million, net income per share of ¥3.65.
For the fiscal year ending December 31, 2020, the company forecasted consolidated net sales of ¥7,237 million, operating income of ¥500 million, profit attributable to owners of parent of ¥255 million, net income per share of ¥10.58.
For the year ending December 31, 2020, the company expects to pay a dividend of ¥1.00 per share.
V-cube, Inc. provides visual communication service with a focus on cloud type for companies, education institutions and government agencies. Its visual communication services include Web meeting service which enables its customer to use personal computer, smart phone, tablet terminal and other mobile terminal to share materials and have meetings through Internet, as well as other communication services which include text, audio and video to be represented and online seminars. The Company's services include V-CUBE services, xSync, iStudy and other services.
V-Cube, Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2020; Provides Consolidated Earnings Guidance for the First Half of 2020 and Fiscal Year Ending December 31, 2020; Provides Dividend Guidance for the Year Ending December 31, 2020
V-CUBE, INC. 
