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CUBE SYSTEM, First Half Ordinary Profit Increases by 40%

Wed Nov 5, 2025 4:00 pm JST Earnings

2335 CUBE SYSTEM INC. 【J-GAAP】

Earnings Report

CUBE SYSTEM INC. <2335> [TSE Prime] announced its financial results after the market closed on November 5th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 0.73 billion yen, an increase 39.8% compared to the same period last year. However, Progress toward the full-year plan of 1.76 billion yen was 41.9%, also falling below the five-year average of 45.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 18.2% from the same period last year, reaching 1.02 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 7.9% from the same period last year, reaching 0.32 billion yen. The operating profit margin improved from 6.8% in the same period last year to 7.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 9,015 794 788 501 33.1 49.6 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 9,022 533 528 662 44.0 37.9 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 9,142 730 738 555 36.8 41.9 Nov 5, 2025 J-GAAP
YoY +1.3% +37.0% +39.8% -16.2% -16.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 9,300 700 720 550 36.5 20 Aug 6, 2025 J-GAAP
Apr - Sep, 2025 Results 9,142 730 738 555 36.8 20 Nov 5, 2025 J-GAAP
Revision Rate -1.7% +4.3% +2.5% +0.9% +0.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 9,329 847 865 599 39.8 20 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 10,358 1,020 1,022 665 43.8 22 Nov 5, 2025 J-GAAP
YoY +11.0% +20.4% +18.2% +11.0% +10.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 18,021 1,536 1,590 1,067 70.4 35 May 8, 2024 J-GAAP
Mar, 2025 18,351 1,380 1,393 1,261 83.8 40 May 8, 2025 J-GAAP
Mar, 2026 Guidance 19,500 1,750 1,760 1,220 80.4 42 May 8, 2025 J-GAAP
YoY +6.3% +26.8% +26.3% -3.3% -4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 4,611 313 302 505 33.6 6.8 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 4,630 357 366 242 16.1 7.7 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 4,699 490 499 357 23.7 10.4 May 8, 2025 J-GAAP
Apr - Jun, 2025 4,546 402 412 200 13.3 8.8 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 4,596 328 326 355 23.5 7.1 Nov 5, 2025 J-GAAP
YoY -0.3% +4.8% +7.9% -29.7% -29.9%

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