V-cube, Inc., July-September (3Q) Net Income Loss Narrows

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Wed Nov 13, 2024 3:30 pm JST Earnings

3681 V-cube, Inc. 【J-GAAP】

Earnings Report

V-cube, Inc. <3681> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 684 million yen (compared to a loss of 475 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to December period (4Q) is expected to turn into a profit of 784 million yen (compared to a loss of 5.14 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net loss improved to a deficit of loss of 472 million yen (compared to a loss of 479 million yen in the same period last year). However, the operating profit/loss margin drastically worsened from -13.3% in the same period last year to -16.5%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	9,093	551	506	384	15.8	82.7	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	8,111	-198	-234	-475	-19.6	ー	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	7,802	-131	-267	-684	-27.1	ー	Nov 13, 2024	J-GAAP
YoY	-3.8%	+33.8%	-14.1%	-44.0%	-38.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	5,333	-273	-366	-5,627	-231.8	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	5,781	71	9	312	12.0	0	Aug 14, 2024	J-GAAP
YoY	+8.4%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	12,229	675	612	84	3.5	4	Feb 14, 2023	J-GAAP
Dec, 2023	11,084	-156	-275	-5,623	-231.7	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	11,400	300	200	100	3.9	0	Aug 14, 2024	J-GAAP
YoY	+2.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,360	-315	-325	-479	-19.8	-13.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,973	42	-41	-5,148	-212.1	1.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,807	120	100	67	2.8	4.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,812	109	91	-279	-11.2	3.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,183	-360	-458	-472	-18.7	-16.5	Nov 13, 2024	J-GAAP
YoY	-7.5%	-14.3%	-40.9%	+1.5%	+5.5%