kabutan

CUBE CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 59%, July-September Ordinary Profit Decreases by 64%

Thu Nov 14, 2024 4:00 pm JST Earnings

7112 CUBE CO., LTD. 【J-GAAP】

Earnings Report

CUBE CO., LTD. <7112> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 59.1% from the same period last year to 152 million yen. The progress rate against the 230 million yen full-year plan was 66.1%, also falling below the same period of the previous year of 127.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the October to December period (4Q) is expected to turn into a profit of 78 million yen (compared to a loss of 80 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the ordinary profit significantly dropped to 61 million yen, a 63.9% decrease compared to the same period last year. The operating profit margin sharply declined from 13.1% in the same period last year to 5.1%.

Kabutan News

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 4,282 853 854 563 105.5 95.1 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 3,828 369 372 238 39.3 127.4 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 3,569 152 152 92 15.2 66.1 Nov 14, 2024 J-GAAP
YoY -6.8% -58.8% -59.1% -61.3% -61.3%

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 2,326 90 89 58 9.6 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,827 149 139 96 15.8 0 Aug 14, 2024 J-GAAP
YoY +21.5% +65.6% +56.2% +65.5% +64.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,559 907 898 609 110.6 0 Feb 14, 2023 J-GAAP
Dec, 2023 4,857 289 292 190 31.4 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 5,120 236 230 151 24.8 0 Feb 14, 2024 J-GAAP
YoY +5.4% -18.3% -21.2% -20.5% -21.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,297 170 169 106 17.5 13.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,029 -80 -80 -48 -7.9 -7.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,225 44 43 27 4.5 3.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,068 43 48 28 4.7 4.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,276 65 61 37 6.1 5.1 Nov 14, 2024 J-GAAP
YoY -1.6% -61.8% -63.9% -65.1% -65.1%

Related Articles