CUBE SYSTEM INC., First Half Net Income Revised Upward to an Unexpected 20% Increase, Full Year also Increased

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Wed Oct 9, 2024 4:00 pm JST Revision

2335 CUBE SYSTEM INC. 【J-GAAP】

Guidance Update Report

CUBE SYSTEM INC. <2335> [TSE-P] announced a performance revision after the market closed on October 9th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 36.4%, from the previous forecast of 440 million yen to 600 million yen (compared to 501 million yen in the same period of the previous year), turning to a 19.8% increase in the consolidated net income outlook.

Following the strong performance in the first half, the full-year consolidated net income has been revised upward by 14.5%, from the previous forecast of 1.1 billion yen to 1.26 billion yen (compared to 1.06 billion yen in the previous period), increasing the growth rate from 3.1% to 18.1%, further surpassing the previous forecast of record-high profits for five consecutive terms.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	8,800	600	650	440	29.3	20	May 8, 2024	J-GAAP
Apr - Sep, 2024 New	9,000	520	510	600	40.0	20	Oct 9, 2024	J-GAAP
Revision Rate	+2.3%	-13.3%	-21.5%	+36.4%	+36.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	18,800	1,600	1,650	1,100	73.1	40	May 8, 2024	J-GAAP
Mar, 2025 New	18,800	1,600	1,650	1,260	83.7	40	Oct 9, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+14.5%	+14.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	9,015	794	788	501	33.1	15	Nov 1, 2023	J-GAAP
Apr - Sep, 2024 Guidance	9,000	520	510	600	40.0	20	Oct 9, 2024	J-GAAP
YoY	-0.2%	-34.5%	-35.3%	+19.8%	+21.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	16,325	1,452	1,480	989	70.4	50	May 10, 2023	J-GAAP
Mar, 2024	18,021	1,536	1,590	1,067	70.4	35	May 8, 2024	J-GAAP
Mar, 2025 Guidance	18,800	1,600	1,650	1,260	83.7	40	Oct 9, 2024	J-GAAP
YoY	+4.3%	+4.2%	+3.8%	+18.1%	+18.9%