V cube : FY2022.Q1 Financial Results Briefing Document

FY22 Q1

Financial Results Briefing Document

株V-式cu会b社e, ブInイc.キューブ

Apr 28, 2022

Index

• 1. Highlight

• 2. Business Environment

• 3. FY22 Q1 Results

• 4. SDGs・ESG

• 5. Appendix

Financial Highlights

Despite the postponement of hybrid events due to the Omicron and the impact of a significant decrease in small-scale events from the second half of last year, expansion of medium- and large-scale events and high-value-added events in various industries (unit price increase), increased SDK due to business remoting, and increased installation of Telecube contributed to solid performance of Q1.

FY22 Q1 Consolidated Financial Results

・TV commercial in January to accelerate growth of Telecube. 230 million yen in 1Q

（3％decrease） （36％decrease） （52％decrease）

※Sales minus variable costs

※Decrease due to one-time CM expenses

Figures in ( ) : Percentage change from the same period last year

Net Sales	Marginal Profit	EBITDA	Operating Profit
3.61	2.22	0.68
0.39 （billion Yen)
（8％increase）

Figures in ( ) : Percentage change from the same period last year

TV commercials to expand awareness greatly

Telecube (Third Place DX Business)

Highlights of each segment

FY22 Q1

Event DX Business

・Despite solid expansion in non-pharma industries, sales and profits declined due to a significant decrease in small-scale events in the pharma industry, which grew in Q1 last year. Continue to further improve cost control and further expand into other industries and medium / large, high-value-added events.

・Metaverse Event Service is launched to expand the high-value-added line of events. New services such as "Green Meter", which visualizes the reduction of environmental impact through online event, are also launched.

Third Place DX Business

・Sales increased significantly due to further expansion of office (corporate) demand. Profit decreased due to the commercial expenses of 230 million yen.

・The installed units reached 2,760 on a quarterly basis, the largest ever, including both corporate and public use, bringing the cumulative total to 10,513 units. Although the subscription model remained steady, the units in operation declined slightly compared to the end of the last year due to the purchase after expiration of usage period.

Enterprise DX Business

・While general-purpose web decreased Y to Y, SDK and emergency countermeasures increased. Sales and profit decreased due to the sales mix changes.

・SDK's STOCK (recurring billing for last 12 months) grew steadily by 54% Y to Y.

FY22 Forecast

Event DX and Third Place DX continue to drive strong growth, targeting sales of 13.9 billion yen (+21%) and EBITDA of 3.4 billion yen (+27%)