Cube System Inc. · TSE:2335
Cube System — Q1 FY2023 Earnings Presentation
24 slides from Cube System's earnings presentation, Aug 3, 2022
Slide 1: 1st Quarter FY Ending March 31, 2023 Supplementary Information Material
1st Quarter of the Fiscal Year Ending March 31, 2023 Supplementary Information Material Aug 3, 2022 for Financial Results Securities code: 2335
Slide 2: Contents
Contents 1 Overview of Financial Results 1Q of the Fiscal Year Ending March 31, 2023 2 Outlook Fiscal Year Ending March 31, 2023 3 Appendix Copyright (C) 2022 CUBE SYSTEM INC. All rights reserved 2
Slide 3: Overview of Financial Results
1 1. Overview of Consolidated Statements of Income 1Q of the Fiscal Year Ending March 31, 2023 2. Trends in Transition by Accounting Period Overview of 3. Factors Leading to Changes in Operating Profit Financial (Compared to the Previous Fiscal Year) 4. Trends in Net Sales and Operating Profit by Se
Slide 4: Overview of Consolidated Statements of Income
1-1. Overview of Consolidated Statements of Income Overview of Financial Results Continue to reform the structure of Business model Decrease in sales and income due to delay in occurrence of some projects and reinforcement of management base FYE 2023 FYE 2022 FYE 2023 1Q 1Q (Forecast) (Actual) (Actu
Slide 5: Trends in Transition by Accounting Period
1-2. Trends in Transition by Accounting Period Overview of Financial Results (Millions of yen) FYE2021 FYE2022 FYE2023 (%) 4,500 25.0 4,000 20.0 3,500 3,000 Net sales 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 Apr-Jun Jul-Sep Oct-Dec Jan-
Slide 6: Factors Leading to Changes in Operating Profit
1-3. (Compared Factors Leading to Changes in Operating Profit to the Previous Fiscal Year) Overview of Financial Results (Unit: millions of yen) Reduction of SI Improvement of Decrease in sales business (*Lift & Shift) management base projects (Human resources development・IT 378 Investment) Decrease
Slide 7: Net Sales and Operating Profit by Service Segment
1-4. Trends in Net Sales and Operating Profit by Service Segment Overview of Financial Results Net Sales Operating Profit YoY (Millions of yen) -2.4% (Millions of yen) Net Sales Composition 3,892 [1Q Fiscal Year Ending March 31, 2023] 4,000 3,987 400 (-94) 378 73% System Integration Services 3,500 -
Slide 8: Net Sales and Operating Profit by Industry
1-5. Trends in Net Sales and Operationg Profit by Industry Overview of Financial Results Net Sales Operating Profit YoY (Millions of yen) -2.4% (Millions of yen) Net Sales Composition [1Q Fiscal Year Ending March 31, 2023] 4,000 3,987 3,892 400 (-94) 378 Banking: 9% / Insurance & Securities: 16% / 2
Slide 9: Net Sales and Operating Profit by Business Model
1-6. Trends in Net Sales and Operating Profit by Business Model Overview of Financial Results Net Sales Operating Profit YoY -2.4% (Millions of yen) Net Sales Composition 3,987 3,892 (Millions of yen) [1Q Fiscal Year Ending March 31, 2023] 4,000 400 64 (-94) 102 378 (+37) -0 3% Digital Business 3,50
Slide 10: Index Per Capita
1-7. Index Per Capita Overview of Financial Results Net Sales Operating Profit Number of Per Capita* Per Capita* Employees Number of Domestic Employees (Thousands of yen) (Thousands of yen) (Persons) Number of Overseas Employees 6,000 882 600 900 （+53） 5,402 829 5,082 799 116 (+25) (-320) 513 91 5,0
Slide 11: Outlook
2 1. Overview of Earnings Outlook Fiscal Year Ending March 31, 2023 2. Order Status by Industry Outlook 3. Order Status by Business Model 4. Net Sales Outlook by Industry 5. Net Sales Outlook by Business Model 6. Trends in Dividends and Dividend Payout Ratio Copyright (C) 2022 CUBE SYSTEM INC. All r
Slide 12: Overview of Earnings Outlook
2-1. Overview of Earnings Outlook Outlook FYE 2023 FYE 2023 Earnings forecast 1Q (Increase/decrease from Actual (Unit: millions of yen) the previous fiscal year) (Progress %) Net sales 17,300 3,892 (+1,200／+7.5%) (22.5%) A YoY increase of 7.5% is expected Net sales - Proactively acquire clients' str
Slide 13: Order Status by Industry
2-2. Order Status by Industry Outlook Order Volume Order Backlog (Millions of yen) -51 (Millions of yen) 4,000 3,802 (-1.3%) 4,500 3,751 +15 Finance 4,119 (+0.4%) 4,135 3,500 4,000 760 +372 (+49.0%) +312 1,133 891 (+35.0%) 1,204 3,500 3,000 Distribution 769 -74 3,000 (-9.6%) 2,500 -55 903 (-6.1%) 69
Slide 14: Order Status by Business Model
2-3. Order Status by Bussiness Model Outlook Order Volume Order Backlog (Millions of yen) -51 (Millions of yen) 4,000 (-1.3%) +15 3,802 4,500 (+0.4%) Digital Business 3,751 4,135 88 -26 61 4,119 +62 (-30.1%) 86 4,000 (+72.8%) 148 3,500 1,104 -143 960 (-13.0%) 3,500 1,094 -96 997 3,000 SI Business (L
Slide 15: Net Sales Outlook by Industry
2-4. Net Sales Outlook by Industry Outlook Trends in Consolidated Net Sales by Industry Net Sales Composition Ratio by Industry YoY [earnings forecast for fiscal year ending March 31, 2023] ＋18.8% (Millions of yen) (+857) 6,000 YoY 5,420 +13.1% (+510) YoY 5,000 YoY -8.8% (-375) 4,562 4,420 4,285 Oth
Slide 16: Net Sales Outlook by Business Model
2-5. Net Sales Outlook by Business Model Outlook Net Sales YoY +7.5% (Millions of yen) 17,300 18,000 (+1,200) Digital Business Digital Business - Promotion of collaborative consultation models 16,099 780 - Sales expansion of Smile Share Product *1 350 (+429) 15,000 - Reinforcement and promotion of a
Slide 17: Trends in Dividends and Dividend Payout Ratio
2-6. Trends in Dividends and Dividend Payout Ratio Outlook Our basic policy is to continue paying stable dividends, so as to achieve a 35% consolidated dividend payout ratio, while securing necessary internal reserves. This year, in commemoration of our 50th anniversary, 24 yen per share as commemor
Slide 18: Appendix
3 1. Five Year Summary Appendix 2. Consolidated Balance Sheets: Major Items 3. Net Sales and Operating Profit by Service Segment 4. Net Sales and Operating Profit by Industry 5. Assets and Capital-Related Items 6. Share Price and Equity-Related Items Copyright (C) 2022 CUBE SYSTEM INC. All rights re
Slide 19: Five Year Summary
3-1. Five Year Summary Appendix (Millions of yen) (Millions of yen) Operating Profit Operating margin (%) (%) Net sales (left axis) Gross margin(right axis) (left axis) (right axis) 400 12.0 4,000 24.0 3,000 18.0 300 9.0 2,000 12.0 200 6.0 1,000 6.0 100 3.0 0 0.0 0 0.0 2018/06 2019/06 2020/06 2021/0
Slide 20: Consolidated Balance Sheets: Major Items
3-2. Consolidated Balance Sheets: Major Items Appendix (Unit: millions of yen) Increase/ Increase/ Assets 2022/3 2022/6 Decrease Liabilities 2022/3 2022/6 Decrease Current assets 7,805 7,541 -264 Current liabilities 2,199 1,797 -401 Accounts payable - trade 753 729 -23 Cash and deposits 5,058 4,883
Slide 21: Net Sales and Operating Profit by Service Segment and Industry
3-3. Net Sales and Operating Profit by Service Segment -4. Net Sales and Operating Profit by Industry Appendix Net Sales and Operating (Unit: millions of yen) Net Sales and Operating (Unit: millions of yen) Profitby Service Segment 2021/6 2022/6 YoY Profitby Industry 2021/6 2022/6 YoY Net sales 934
Slide 22: Assets and Capital-Related Items
3-5. Assets and Capital-Related Items -6. Share Price and Equity-Related Items Appendix Assets and Capital-Related Items Net Assets/Equity Ratio (Millions of yen) Total Assets (Millions of yen) Net assets Equity ratio(right axis) (%) (left axis) 12,000 10,000 100 68.8 68.1 70.8 72.3 73.8 8,000 80 9,
Slide 23: Share Price and Equity-Related Items
3-6. Share Price and Equity-Related Items Appendix Share Price and Equity-Related Items Share Price (Yen) Company’s Share Price (left axis) Nikkei Stock Average (Yen) (100 million yen) Market Cap (right axis) 1,200 30,000 200 1,000 25,000 160 1,064 1,046 800 934 20,000 904 120 600 785 15,000 151 80
Slide 24: Forward-looking statements notice
https://www.cubesystem.co.jp/en/ The earnings outlook and other forward-looking statements provided in this material are based on the information currently available to the Company and are subject to potential risks and uncertainties. Please understand that there is a large possibility that actual r