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

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%

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