Cube System : 1st Quarter of the Fiscal Year Ending March 31, 2022 Supplementary Information Material for Financial Results
August 10, 2021 at 12:00 pm IST
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1st Quarter of the Fiscal Year Ending March 31, 2022
Supplementary Information Material
Aug 4, 2021
for Financial Results
Securities code: 2335
Contents 1
2
3
1Q 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
1Q1of 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)
Trends in Net Sales and Operating Profit by Service Information 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) 2021 CUBE SYSTEM INC. All rights reserved 3
1-1. Overview of Consolidated Statements of Income
Overview of
Financial Results
Increased sales and profits due to increased orders in the transportation and telecommunications industry,
in addition to reform of business structure model
Net sales
Operating
Profit
Outlook
Up 18.2% from the previous fiscal year Achievement rate for earnings forecast: 24.9%
Significant expansion of system building projects for a courier business operators and expansion of orders for system building projects for a telecommunications company in the transportation and telecommunication industry. Expansion of derivative development projects from existing markets in the distribution industry.
Up 56.5% from the previous fiscal year Achievement rate for earnings forecast: 30.8%
Realization of high-profit through resource consolidation for high margin SI business (*Lift & Shift).
Expansion of derivative development projects in the enhancement business.
Due to the uncertain situation of the convergence of the new coronavirus infection, we have not changed our full-year forecasts as stated in the "Summary of Financial Results for the Fiscal Year Ended March 31, 2021" released on May 11, 2021.
FYE 2022
FYE 2021
FYE 2022
1Q
1Q
(Forecast)
(Actual)
(Actual)
(Progress %)
(Unit: millions of yen)
(% change)
Net sales
3,987
3,373
16,000
(+18.2%)
(24.9%)
Operating
378
242
1,230
Profit
(+56.5%)
(30.8%)
Margin (%)
9.5%
7.2%
7.7%
Ordinary
390
248
1,250
Profit
(+57.1%)
(31.2%)
Margin (%)
9.8%
7.4%
7.8%
Net Profit
262
165
850
attributable to
(+59.0%)
(30.9%)
owners of parent
Margin (%)
6.6%
4.9%
5.3%
*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
(Millions of yen)
FYE2020
FYE2021
FYE2022
(%)
4,500
25.0
4,000
20.0
3,500
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
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Jul-Sep
Oct-Dec
Jan-Mar
Apr-Jun
Net sales
3,379
3,691
3,463
4,172
3,373
3,710
3,508
4,197
3,987
Cost of sales
2,855
3,007
2,872
3,468
2,730
3,027
2,854
3,335
3,124
Gross profit
524
683
591
703
642
683
653
861
862
(15.5％)
(18.5％)
(17.1％)
（16.9％）
(19.1％)
(18.4％)
(18.6％)
（20.5％）
（21.6％）
Selling, general and
administrative
423
391
365
362
400
372
413
478
483
expenses
Operating Profit
100
291
225
340
242
310
239
382
378
(3.0％)
(7.9％)
（6.5％）
（8.2％）
(7.2％)
(8.4％)
（6.8％）
（9.1％）
（9.5％）
Ordinary Profit
107
290
230
347
248
355
318
372
390
(3.2％)
(7.9％)
（6.7％）
（8.3％）
(7.4％)
(9.6％)
（9.1％）
（8.9％）
（9.8％）
Quarterly net Profit
50
191
150
132
165
235
196
247
262
attributable to owners
(1.5％)
(5.2％)
（4.4％）
（3.2％）
(4.9％)
(6.3％)
（5.6％）
（5.9％）
（6.6％）
of parent
Copyright (C) 2021 CUBE SYSTEM INC. All rights reserved 5
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Cube System Inc. published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 06:30:12 UTC.
CUBE SYSTEM INC. is a Japan-based company mainly engaged in the provision of system solutions and services. It has three kinds of services. The system integration services are engaged in the provision of system user interface design, environment design, basic design, programming design and system testing services for customer's information system construction. The system outsourcing services are engaged in the servicesâ provision for system operation and evaluation, mechanism reform and system replacement. The professional services are engaged in the provision of systematization consulting service, database efficiency service, system monitoring service and other technical services by development tools and technology levels.
CUBE SYSTEM INC. 
