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 |
This is an excerpt of the original content. To continue reading it, access the original document here.