CUBE SYSTEM INC. 2nd Quarter of the Fiscal Year Ending March 31, 2022 | |
Supplementary Information Material | |
Nov. 4, 2021 | for Financial Results |
Securities code: 2335
Contents 1
2
3
2Q of the Fiscal Year Ending March 31, 2022
Overview of Financial Results
Fiscal Year Ending March 31, 2022
Outlook
Appendix
Copyright (C) 2021 CUBE SYSTEM INC. All rights reserved 2
2Q1of the Fiscal Year
Ending March 31, 2022
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)
- Summary of Consolidated Balance Sheets and Consolidated Statements of Cash Flows
- 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
- Net Sales to Customer Group Companies
- Index Per Capita
Copyright (C) 2021 CUBE SYSTEM INC. All rights reserved 3
1-1. Overview of Consolidated Statements of Income Continue to reform the business structure model
Increase in sales and profit due to optimization of resources with a focus on SI business
Overview of
Financial Results
Net sales
Operating
Profit
Up 13.8% from the previous fiscal year Achievement rate for earnings forecast: 50.4%
Expansion of system building projects for a shipping company and a telecommunications company. Expansion of derivative development projects from existing markets in the distribution industry.
Up 35.1% from the previous fiscal year Achievement rate for earnings forecast: 53.4%
Achievement of high profit through resource optimization and consolidation for high margin SI business (*Lift & Shift).
Expansion of derivative development projects in the enhancement business.
2021/09 | 2020/09 | FYE 2022 | |
Actual | Forecast(After revision) | ||
Actual | |||
(Unit: millions of yen) | (YoY) | (Progress %) | |
Net sales | 8,060 | 7,083 | 16,000 |
（+13.8％） | （50.4%） | ||
Operating | 746 | 552 | 1,400 |
Profit | （+35.1％） | （53.4%） | |
Margin (%) | 9.3% | 7.8% | 8.8% |
Ordinary | 752 | 603 | 1,420 |
Profit | （+24.6％） | （53.0%） | |
Margin (%) | 9.3% | 8.5% | 8.9% |
Outlook
Due to the progress in the reform of the business structure model, we have revised our earnings forecast.
Net Profit | 501 | 400 | 950 |
attributable to | （+25.3％） | （52.8%） | |
owners of parent | |||
Margin (%) | 6.2% | 5.7% | 5.9% |
*Migrate customer's system from legacy environments to cloud one (Lift), followed by proceeding with system restructuring in stages while optimizing for cloud environments (Shift). | 4 |
Copyright (C) 2021 CUBE SYSTEM INC. All rights reserved |
1-2. Trends in Transition by Accounting Period
Overview of
Financial Results
4,500 | FYE2020 | FYE2021 | FYE2022 | 25.0 | |||||||||||
(Millions of yen) | (%) | ||||||||||||||
4,000 | |||||||||||||||
3,500 | 20.0 | ||||||||||||||
Net sales | 3,000 | ||||||||||||||
15.0 | |||||||||||||||
Gross margin 2,500 | |||||||||||||||
Operating | 2,000 | ||||||||||||||
margin | 10.0 | ||||||||||||||
1,500 | |||||||||||||||
1,000 | 5.0 | ||||||||||||||
500 | |||||||||||||||
0 | 0.0 | ||||||||||||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | ||||||
Apr-Jun | Jul-Sep | Oct-Dec | Jan-Mar | Apr-Jun | Jul-Sep | Oct-Dec | Jan-Mar | Apr-Jun | Jul-Sep | ||||||
Net sales | 3,379 | 3,691 | 3,463 | 4,172 | 3,373 | 3,710 | 3,508 | 4,197 | 3,987 | 4,073 | |||||
Cost of sales | 2,855 | 3,007 | 2,872 | 3,468 | 2,730 | 3,027 | 2,854 | 3,335 | 3,124 | 3,217 | |||||
Gross profit | 524 | 683 | 591 | 703 | 642 | 683 | 653 | 861 | 862 | 855 | |||||
（15.5％） | （18.5％） | (17.1％) | （16.9％） | (19.1％) | (18.4％) | (18.6％) | （20.5％） | （21.6％） | （21.0％） | ||||||
Selling, general | |||||||||||||||
and administrative | 423 | 391 | 365 | 362 | 400 | 372 | 413 | 478 | 483 | 487 | |||||
expenses | |||||||||||||||
Operating income | 100 | 291 | 225 | 340 | 242 | 310 | 239 | 382 | 378 | 368 | |||||
（3.0％） | （7.9％） | （6.5％） | （8.2％） | (7.2％) | (8.4％) | （6.8％） | （9.1％） | （9.5％） | （9.0％） | ||||||
Ordinary income | 107 | 290 | 230 | 347 | 248 | 355 | 318 | 372 | 390 | 362 | |||||
（3.2％） | （7.9％） | （6.7％） | （8.3％） | (7.4％) | (9.6％) | （9.1％） | （8.9％） | （9.8％） | （8.9％） | ||||||
Quarterly net | 50 | 191 | 150 | 132 | 165 | 235 | 196 | 247 | 262 | 238 | |||||
income attributable | |||||||||||||||
to owners of | （1.5％） | （5.2％） | （4.4％） | （3.2％） | (4.9％) | (6.3％) | （5.6％） | （5.9％） | （6.6％） | （5.9％） | |||||
parent | reserved 5 | ||||||||||||||
Copyright (C) 2021CUBE SYSTEM INC. All rights |
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Cube System Inc. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 06:14:08 UTC.
