View Past PerformanceCube System バランスシートの健全性財務の健全性 基準チェック /66Cube Systemの総株主資本は¥11.4B 、総負債は¥230.0Mで、負債比率は2%となります。総資産と総負債はそれぞれ¥14.9Bと¥3.5Bです。 Cube Systemの EBIT は¥1.6Bで、利息カバレッジ比率-55.7です。現金および短期投資は¥6.9Bです。主要情報2.02%負債資本比率JP¥230.00m負債インタレスト・カバレッジ・レシオ-55.7x現金JP¥6.95bエクイティJP¥11.40b負債合計JP¥3.50b総資産JP¥14.90b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updates分析記事 • May 15Concerns Surrounding Cube System's (TSE:2335) PerformanceCube System Inc.'s ( TSE:2335 ) healthy profit numbers didn't contain any surprises for investors. We think this is due...New Risk • May 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Market cap is less than US$100m (JP¥15.4b market cap, or US$98.3m).Reported Earnings • May 08Full year 2026 earnings released: EPS: JP¥103 (vs JP¥83.79 in FY 2025)Full year 2026 results: EPS: JP¥103 (up from JP¥83.79 in FY 2025). Revenue: JP¥18.5b (flat on FY 2025). Net income: JP¥1.56b (up 24% from FY 2025). Profit margin: 8.5% (up from 6.9% in FY 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • May 07Cube System Inc., Annual General Meeting, Jun 25, 2026Cube System Inc., Annual General Meeting, Jun 25, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥22.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).New Risk • Mar 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.7b market cap, or US$100.0m).Reported Earnings • Feb 05Third quarter 2026 earnings released: EPS: JP¥34.39 (vs JP¥16.07 in 3Q 2025)Third quarter 2026 results: EPS: JP¥34.39 (up from JP¥16.07 in 3Q 2025). Revenue: JP¥4.62b (flat on 3Q 2025). Net income: JP¥522.0m (up 116% from 3Q 2025). Profit margin: 11% (up from 5.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Dec 03+ 3 more updatesCube System Inc. to Report Q2, 2027 Results on Nov 05, 2026Cube System Inc. announced that they will report Q2, 2027 results on Nov 05, 2026Declared Dividend • Dec 03First half dividend of JP¥22.00 announcedShareholders will receive a dividend of JP¥22.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 07Second quarter 2026 earnings released: EPS: JP¥23.48 (vs JP¥33.59 in 2Q 2025)Second quarter 2026 results: EPS: JP¥23.48 (down from JP¥33.59 in 2Q 2025). Revenue: JP¥4.60b (flat on 2Q 2025). Net income: JP¥355.0m (down 30% from 2Q 2025). Profit margin: 7.7% (down from 11% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.分析記事 • Sep 21Cube System (TSE:2335) Has Affirmed Its Dividend Of ¥20.00Cube System Inc. ( TSE:2335 ) will pay a dividend of ¥20.00 on the 3rd of December. The dividend yield will be 3.5...分析記事 • Sep 04Cube System (TSE:2335) Has Affirmed Its Dividend Of ¥20.00Cube System Inc.'s ( TSE:2335 ) investors are due to receive a payment of ¥20.00 per share on 3rd of December. This...Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥13.28 (vs JP¥10.43 in 1Q 2025)First quarter 2026 results: EPS: JP¥13.28 (up from JP¥10.43 in 1Q 2025). Revenue: JP¥4.55b (up 3.1% from 1Q 2025). Net income: JP¥200.0m (up 27% from 1Q 2025). Profit margin: 4.4% (up from 3.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.分析記事 • Aug 07Cube System's (TSE:2335) Dividend Will Be ¥20.00The board of Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of...分析記事 • Jul 24Cube System (TSE:2335) Has Announced A Dividend Of ¥20.00Cube System Inc. ( TSE:2335 ) will pay a dividend of ¥20.00 on the 3rd of December. This means the annual payment is...Board Change • Jul 10Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Takefumi Saito was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.分析記事 • Jul 10Cube System (TSE:2335) Is Due To Pay A Dividend Of ¥20.00The board of Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend on the 3rd of December, with...Declared Dividend • Jul 09Final dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (293% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jul 02+ 1 more updateCube System Inc. to Report Q3, 2026 Results on Feb 04, 2026Cube System Inc. announced that they will report Q3, 2026 results on Feb 04, 2026お知らせ • Jun 12Cube System Inc. to Report Q1, 2026 Results on Aug 06, 2025Cube System Inc. announced that they will report Q1, 2026 results on Aug 06, 2025お知らせ • May 30+ 2 more updatesCube System Inc. Provides consolidated Earnings Forecasts for the Six Months Ending September 30, 2025 and Full Year Ending March 31, 2026Cube System Inc. provided consolidated earnings forecasts for the six months ending September 30, 2025 and full year Ending March 31, 2026. For the six months, the company expects net sales of JPY 9,300 million, operating profit of JPY 540 million, profit attributable to owners of parent of JPY 460 million, and earnings per share of JPY 30.21. For the full year ending March 31, 2026,the company expects net sales of JPY 19,500 million, operating profit of JPY 1,750 million,profit attributable to owners of parent of JPY 1,220 million, and earnings per share of JPY 80.13.分析記事 • May 15Cube System's (TSE:2335) Earnings Are Weaker Than They SeemUnsurprisingly, Cube System Inc.'s ( TSE:2335 ) stock price was strong on the back of its healthy earnings report...New Risk • May 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Dividend is not well covered by cash flows (279% cash payout ratio).Reported Earnings • May 09Full year 2025 earnings released: EPS: JP¥83.79 (vs JP¥70.38 in FY 2024)Full year 2025 results: EPS: JP¥83.79 (up from JP¥70.38 in FY 2024). Revenue: JP¥18.4b (up 1.8% from FY 2024). Net income: JP¥1.26b (up 18% from FY 2024). Profit margin: 6.9% (up from 5.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year.お知らせ • May 08Cube System Inc., Annual General Meeting, Jun 26, 2025Cube System Inc., Annual General Meeting, Jun 26, 2025.New Risk • Apr 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.5b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (241% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥14.5b market cap, or US$99.9m).Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%).分析記事 • Mar 15Cube System (TSE:2335) Is Due To Pay A Dividend Of ¥20.00The board of Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of...お知らせ • Mar 11Cube System Inc. to Report Fiscal Year 2025 Results on May 08, 2025Cube System Inc. announced that they will report fiscal year 2025 results on May 08, 2025分析記事 • Mar 01Cube System's (TSE:2335) Dividend Will Be ¥20.00Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of June. Based...分析記事 • Feb 14Cube System's (TSE:2335) Dividend Will Be ¥20.00Cube System Inc.'s ( TSE:2335 ) investors are due to receive a payment of ¥20.00 per share on 3rd of June. The dividend...お知らせ • Feb 14Cube System Inc. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2025Cube System Inc. provided consolidated earnings guidance for the full year ending March 31, 2025. For the year, the company expects net sales of JPY 18,300 million, operating profit of JPY 1,300 million, profit attributable to owners of parent of JPY 1,210 million and earnings per share of JPY 80.40.Reported Earnings • Feb 07Third quarter 2025 earnings released: EPS: JP¥16.07 (vs JP¥16.95 in 3Q 2024)Third quarter 2025 results: EPS: JP¥16.07 (down from JP¥16.95 in 3Q 2024). Revenue: JP¥4.63b (up 1.8% from 3Q 2024). Net income: JP¥242.0m (down 5.8% from 3Q 2024). Profit margin: 5.2% (down from 5.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.New Risk • Jan 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Dividend is not well covered by cash flows (241% cash payout ratio). Market cap is less than US$100m (JP¥15.7b market cap, or US$99.6m).お知らせ • Dec 05Cube System Inc. to Report Q3, 2025 Results on Feb 05, 2025Cube System Inc. announced that they will report Q3, 2025 results on Feb 05, 2025分析記事 • Dec 04Cube System (TSE:2335) Has Announced A Dividend Of ¥20.00The board of Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of...Declared Dividend • Dec 04First half dividend of JP¥20.00 announcedDividend of JP¥20.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (241% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.分析記事 • Nov 13Cube System (TSE:2335) Is Posting Healthy Earnings, But It Is Not All Good NewsDespite posting strong earnings, Cube System Inc.'s ( TSE:2335 ) stock didn't move much over the last week. We decided...New Risk • Nov 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Dividend is not well covered by cash flows (240% cash payout ratio).Reported Earnings • Nov 08Second quarter 2025 earnings released: EPS: JP¥33.59 (vs JP¥17.74 in 2Q 2024)Second quarter 2025 results: EPS: JP¥33.59 (up from JP¥17.74 in 2Q 2024). Revenue: JP¥4.61b (flat on 2Q 2024). Net income: JP¥505.0m (up 88% from 2Q 2024). Profit margin: 11% (up from 5.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.New Risk • Oct 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥14.9b market cap, or US$100.0m).Upcoming Dividend • Sep 20Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).お知らせ • Sep 04Cube System Inc. to Report Q2, 2025 Results on Nov 06, 2024Cube System Inc. announced that they will report Q2, 2025 results on Nov 06, 2024Reported Earnings • Aug 10First quarter 2025 earnings released: EPS: JP¥10.43 (vs JP¥15.30 in 1Q 2024)First quarter 2025 results: EPS: JP¥10.43 (down from JP¥15.30 in 1Q 2024). Revenue: JP¥4.41b (flat on 1Q 2024). Net income: JP¥157.0m (down 32% from 1Q 2024). Profit margin: 3.6% (down from 5.3% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥970, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 5.0% over the past three years.Buy Or Sell Opportunity • Aug 05Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to JP¥970. The fair value is estimated to be JP¥1,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 2.7%.Declared Dividend • Jul 11Final dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 26Full year 2024 earnings released: EPS: JP¥70.38 (vs JP¥70.31 in FY 2023)Full year 2024 results: EPS: JP¥70.38 (up from JP¥70.31 in FY 2023). Revenue: JP¥18.0b (up 10% from FY 2023). Net income: JP¥1.07b (up 7.9% from FY 2023). Profit margin: 5.9% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year.お知らせ • Jun 14Cube System Inc. to Report Q1, 2025 Results on Aug 07, 2024Cube System Inc. announced that they will report Q1, 2025 results on Aug 07, 2024お知らせ • May 29+ 2 more updatesCube System Inc. Announces Dividend for the Year Ended March 31, 2024, Payable on June 3, 2024; Provides Dividend Guidance for the Second Quarter End of Fiscal Year Ending March 31, 2025Cube System Inc. announced dividend for the year ended March 31, 2024. For the year, the company announced a dividend of ¥20.00 per share compared to ¥27.00 per share (Ordinary dividend of ¥15 and Commemorative of ¥12 per share) a year ago. Scheduled date to commence dividend payments: June 3, 2024. For the second quarter end of fiscal year ending March 31, 2025, the company expects to pay a dividend of ¥20.00 per share compared to ¥15.00 per share a year ago.お知らせ • May 10Cube System Inc., Annual General Meeting, Jun 21, 2024Cube System Inc., Annual General Meeting, Jun 21, 2024.Reported Earnings • May 09Full year 2024 earnings released: EPS: JP¥70.38 (vs JP¥70.31 in FY 2023)Full year 2024 results: EPS: JP¥70.38 (up from JP¥70.31 in FY 2023). Revenue: JP¥18.0b (up 10% from FY 2023). Net income: JP¥1.07b (up 7.9% from FY 2023). Profit margin: 5.9% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.Buy Or Sell Opportunity • Mar 28Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,095. The fair value is estimated to be JP¥1,399, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 5.2%.Upcoming Dividend • Mar 21Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).お知らせ • Mar 03Cube System Inc. to Report Fiscal Year 2024 Results on May 08, 2024Cube System Inc. announced that they will report fiscal year 2024 results on May 08, 2024Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥16.95 (vs JP¥17.05 in 3Q 2023)Third quarter 2024 results: EPS: JP¥16.95. Revenue: JP¥4.55b (up 12% from 3Q 2023). Net income: JP¥257.0m (up 7.1% from 3Q 2023). Profit margin: 5.6% (down from 5.9% in 3Q 2023). The decrease in margin was driven by higher expenses.お知らせ • Dec 03Cube System Inc. to Report Q3, 2024 Results on Feb 07, 2024Cube System Inc. announced that they will report Q3, 2024 results on Feb 07, 2024Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥17.74 (vs JP¥15.89 in 2Q 2023)Second quarter 2024 results: EPS: JP¥17.74 (up from JP¥15.89 in 2Q 2023). Revenue: JP¥4.64b (up 16% from 2Q 2023). Net income: JP¥269.0m (up 25% from 2Q 2023). Profit margin: 5.8% (up from 5.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 21Upcoming dividend of JP¥15.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).お知らせ • Sep 09Cube System Inc. to Report Q2, 2024 Results on Nov 01, 2023Cube System Inc. announced that they will report Q2, 2024 results on Nov 01, 2023Reported Earnings • Aug 03First quarter 2024 earnings released: EPS: JP¥15.30 (vs JP¥12.81 in 1Q 2023)First quarter 2024 results: EPS: JP¥15.30 (up from JP¥12.81 in 1Q 2023). Revenue: JP¥4.38b (up 12% from 1Q 2023). Net income: JP¥232.0m (up 34% from 1Q 2023). Profit margin: 5.3% (up from 4.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year.お知らせ • Jun 02Cube System Inc. to Report Q1, 2024 Results on Aug 02, 2023Cube System Inc. announced that they will report Q1, 2024 results on Aug 02, 2023お知らせ • May 31+ 2 more updatesCube System Inc. Provides Dividend Guidance for the Second Quarter Fiscal Year Ending March 31, 2024Cube System Inc. provided dividend guidance for the second quarter fiscal year ending March 31, 2024. For the period, the company expects to pay dividend of JPY 15.00 per share against JPY 11.00 per share paid a year ago.お知らせ • May 12Cube System Inc., Annual General Meeting, Jun 23, 2023Cube System Inc., Annual General Meeting, Jun 23, 2023.Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥70.30 (vs JP¥69.78 in FY 2022)Full year 2023 results: EPS: JP¥70.30 (up from JP¥69.78 in FY 2022). Revenue: JP¥16.3b (up 1.4% from FY 2022). Net income: JP¥989.0m (up 4.8% from FY 2022). Profit margin: 6.1% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year.Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).お知らせ • Feb 17+ 1 more updateCube System Inc. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Cube System Inc. provided dividend guidance for the fiscal year ending March 31, 2023. For the period, the company expects to pay dividend of JPY 27.00 per share against JPY 15.00 per share paid a year ago.Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥17.05 (vs JP¥18.82 in 3Q 2022)Third quarter 2023 results: EPS: JP¥17.05 (down from JP¥18.82 in 3Q 2022). Revenue: JP¥4.08b (up 2.5% from 3Q 2022). Net income: JP¥240.0m (down 5.5% from 3Q 2022). Profit margin: 5.9% (down from 6.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year.お知らせ • Dec 10Cube System Inc. announced that it expects to receive ¥1.6463 billion in funding from Nomura Research Institute, Ltd.Cube System Inc. announced that it has entered into Capital and Business Alliance agreement for raising 1,630,000 common shares at a price of ¥1,010 per share for the gross proceeds of ¥1,646,300,000 on December 8, 2022. The transaction will include participation from Nomura Research Institute, Ltd. The transaction has been approved by the shareholders of the company. The shares are issued through third-party allotment method. The transaction is expected to close on December 27, 2022.お知らせ • Dec 07Cube System Inc. to Report Q3, 2023 Results on Feb 08, 2023Cube System Inc. announced that they will report Q3, 2023 results on Feb 08, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Hanae Nagata was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 15+ 1 more updateCube System Inc. Provides Dividend Guidance for the Year Ending March 31, 2023Cube System Inc. provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend of JPY 27 per share against JPY 15 per share a year ago.Reported Earnings • Nov 05Second quarter 2023 earnings released: EPS: JP¥15.89 (vs JP¥17.67 in 2Q 2022)Second quarter 2023 results: EPS: JP¥15.89 (down from JP¥17.67 in 2Q 2022). Revenue: JP¥4.00b (down 1.8% from 2Q 2022). Net income: JP¥215.0m (down 10.0% from 2Q 2022). Profit margin: 5.4% (down from 5.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of JP¥11.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).お知らせ • Sep 07Cube System Inc. to Report Q2, 2023 Results on Nov 02, 2022Cube System Inc. announced that they will report Q2, 2023 results on Nov 02, 2022お知らせ • Aug 17+ 1 more updateCube System Inc. Provides Dividend Guidance for the Second Quarter and Fiscal Year March 31, 2023Cube System Inc. provided dividend guidance for the second quarter and fiscal year March 31, 2023. For the period, the company expected dividend of JPY 23.00 per share as compared to JPY 8.00 per share paid a year ago.For the fiscal year, the company expected dividend of JPY 27.00 per share as compared to JPY 15.00 per share paid a year ago.Reported Earnings • Aug 04First quarter 2023 earnings released: EPS: JP¥12.81 (vs JP¥19.28 in 1Q 2022)First quarter 2023 results: EPS: JP¥12.81 (down from JP¥19.28 in 1Q 2022). Revenue: JP¥3.89b (down 2.4% from 1Q 2022). Net income: JP¥173.0m (down 34% from 1Q 2022). Profit margin: 4.4% (down from 6.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 08Cube System Inc. to Report Q1, 2023 Results on Aug 03, 2022Cube System Inc. announced that they will report Q1, 2023 results on Aug 03, 2022お知らせ • May 31+ 2 more updatesCube System Inc. Provides Consolidated Earnings Guidance for Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023Cube System Inc. provided consolidated earnings guidance for six months ending September 30, 2022 and full year ending March 31, 2023. For the period, the company expected net sales of JPY 8,155 million, operating profit of JPY 749 million, Profit attributable to owners of parent of JPY 505 million or EPS of JPY 37.33.For the full year, the company expected net sales of JPY 17,300 million, operating profit of JPY 1,530 million, Profit attributable to owners of parent of JPY 1,000 million or EPS of JPY 73.91.Reported Earnings • May 13Full year 2022 earnings released: EPS: JP¥69.77 (vs JP¥62.11 in FY 2021)Full year 2022 results: EPS: JP¥69.77 (up from JP¥62.11 in FY 2021). Revenue: JP¥16.1b (up 8.9% from FY 2021). Net income: JP¥944.0m (up 12% from FY 2021). Profit margin: 5.9% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • May 13Cube System Inc., Annual General Meeting, Jun 24, 2022Cube System Inc., Annual General Meeting, Jun 24, 2022.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Hidee Nagata was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 07Cube System Inc. to Report Fiscal Year 2022 Results on May 11, 2022Cube System Inc. announced that they will report fiscal year 2022 results on May 11, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%).財務状況分析短期負債: 2335の 短期資産 ( ¥10.9B ) が 短期負債 ( ¥2.7B ) を超えています。長期負債: 2335の短期資産 ( ¥10.9B ) が 長期負債 ( ¥761.0M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 2335総負債よりも多くの現金を保有しています。負債の削減: 2335の負債対資本比率は、過去 5 年間で4.3%から2%に減少しました。債務返済能力: 2335の負債は 営業キャッシュフロー によって 十分にカバー されています ( 333.5% )。インタレストカバレッジ: 2335支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 04:06終値2026/05/20 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cube System Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • May 15Concerns Surrounding Cube System's (TSE:2335) PerformanceCube System Inc.'s ( TSE:2335 ) healthy profit numbers didn't contain any surprises for investors. We think this is due...
New Risk • May 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Market cap is less than US$100m (JP¥15.4b market cap, or US$98.3m).
Reported Earnings • May 08Full year 2026 earnings released: EPS: JP¥103 (vs JP¥83.79 in FY 2025)Full year 2026 results: EPS: JP¥103 (up from JP¥83.79 in FY 2025). Revenue: JP¥18.5b (flat on FY 2025). Net income: JP¥1.56b (up 24% from FY 2025). Profit margin: 8.5% (up from 6.9% in FY 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • May 07Cube System Inc., Annual General Meeting, Jun 25, 2026Cube System Inc., Annual General Meeting, Jun 25, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥22.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).
New Risk • Mar 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.7b market cap, or US$100.0m).
Reported Earnings • Feb 05Third quarter 2026 earnings released: EPS: JP¥34.39 (vs JP¥16.07 in 3Q 2025)Third quarter 2026 results: EPS: JP¥34.39 (up from JP¥16.07 in 3Q 2025). Revenue: JP¥4.62b (flat on 3Q 2025). Net income: JP¥522.0m (up 116% from 3Q 2025). Profit margin: 11% (up from 5.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Dec 03+ 3 more updatesCube System Inc. to Report Q2, 2027 Results on Nov 05, 2026Cube System Inc. announced that they will report Q2, 2027 results on Nov 05, 2026
Declared Dividend • Dec 03First half dividend of JP¥22.00 announcedShareholders will receive a dividend of JP¥22.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 07Second quarter 2026 earnings released: EPS: JP¥23.48 (vs JP¥33.59 in 2Q 2025)Second quarter 2026 results: EPS: JP¥23.48 (down from JP¥33.59 in 2Q 2025). Revenue: JP¥4.60b (flat on 2Q 2025). Net income: JP¥355.0m (down 30% from 2Q 2025). Profit margin: 7.7% (down from 11% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
分析記事 • Sep 21Cube System (TSE:2335) Has Affirmed Its Dividend Of ¥20.00Cube System Inc. ( TSE:2335 ) will pay a dividend of ¥20.00 on the 3rd of December. The dividend yield will be 3.5...
分析記事 • Sep 04Cube System (TSE:2335) Has Affirmed Its Dividend Of ¥20.00Cube System Inc.'s ( TSE:2335 ) investors are due to receive a payment of ¥20.00 per share on 3rd of December. This...
Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥13.28 (vs JP¥10.43 in 1Q 2025)First quarter 2026 results: EPS: JP¥13.28 (up from JP¥10.43 in 1Q 2025). Revenue: JP¥4.55b (up 3.1% from 1Q 2025). Net income: JP¥200.0m (up 27% from 1Q 2025). Profit margin: 4.4% (up from 3.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
分析記事 • Aug 07Cube System's (TSE:2335) Dividend Will Be ¥20.00The board of Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of...
分析記事 • Jul 24Cube System (TSE:2335) Has Announced A Dividend Of ¥20.00Cube System Inc. ( TSE:2335 ) will pay a dividend of ¥20.00 on the 3rd of December. This means the annual payment is...
Board Change • Jul 10Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Takefumi Saito was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
分析記事 • Jul 10Cube System (TSE:2335) Is Due To Pay A Dividend Of ¥20.00The board of Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend on the 3rd of December, with...
Declared Dividend • Jul 09Final dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (293% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 02+ 1 more updateCube System Inc. to Report Q3, 2026 Results on Feb 04, 2026Cube System Inc. announced that they will report Q3, 2026 results on Feb 04, 2026
お知らせ • Jun 12Cube System Inc. to Report Q1, 2026 Results on Aug 06, 2025Cube System Inc. announced that they will report Q1, 2026 results on Aug 06, 2025
お知らせ • May 30+ 2 more updatesCube System Inc. Provides consolidated Earnings Forecasts for the Six Months Ending September 30, 2025 and Full Year Ending March 31, 2026Cube System Inc. provided consolidated earnings forecasts for the six months ending September 30, 2025 and full year Ending March 31, 2026. For the six months, the company expects net sales of JPY 9,300 million, operating profit of JPY 540 million, profit attributable to owners of parent of JPY 460 million, and earnings per share of JPY 30.21. For the full year ending March 31, 2026,the company expects net sales of JPY 19,500 million, operating profit of JPY 1,750 million,profit attributable to owners of parent of JPY 1,220 million, and earnings per share of JPY 80.13.
分析記事 • May 15Cube System's (TSE:2335) Earnings Are Weaker Than They SeemUnsurprisingly, Cube System Inc.'s ( TSE:2335 ) stock price was strong on the back of its healthy earnings report...
New Risk • May 10New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Dividend is not well covered by cash flows (279% cash payout ratio).
Reported Earnings • May 09Full year 2025 earnings released: EPS: JP¥83.79 (vs JP¥70.38 in FY 2024)Full year 2025 results: EPS: JP¥83.79 (up from JP¥70.38 in FY 2024). Revenue: JP¥18.4b (up 1.8% from FY 2024). Net income: JP¥1.26b (up 18% from FY 2024). Profit margin: 6.9% (up from 5.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year.
お知らせ • May 08Cube System Inc., Annual General Meeting, Jun 26, 2025Cube System Inc., Annual General Meeting, Jun 26, 2025.
New Risk • Apr 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.5b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (241% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥14.5b market cap, or US$99.9m).
Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%).
分析記事 • Mar 15Cube System (TSE:2335) Is Due To Pay A Dividend Of ¥20.00The board of Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of...
お知らせ • Mar 11Cube System Inc. to Report Fiscal Year 2025 Results on May 08, 2025Cube System Inc. announced that they will report fiscal year 2025 results on May 08, 2025
分析記事 • Mar 01Cube System's (TSE:2335) Dividend Will Be ¥20.00Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of June. Based...
分析記事 • Feb 14Cube System's (TSE:2335) Dividend Will Be ¥20.00Cube System Inc.'s ( TSE:2335 ) investors are due to receive a payment of ¥20.00 per share on 3rd of June. The dividend...
お知らせ • Feb 14Cube System Inc. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2025Cube System Inc. provided consolidated earnings guidance for the full year ending March 31, 2025. For the year, the company expects net sales of JPY 18,300 million, operating profit of JPY 1,300 million, profit attributable to owners of parent of JPY 1,210 million and earnings per share of JPY 80.40.
Reported Earnings • Feb 07Third quarter 2025 earnings released: EPS: JP¥16.07 (vs JP¥16.95 in 3Q 2024)Third quarter 2025 results: EPS: JP¥16.07 (down from JP¥16.95 in 3Q 2024). Revenue: JP¥4.63b (up 1.8% from 3Q 2024). Net income: JP¥242.0m (down 5.8% from 3Q 2024). Profit margin: 5.2% (down from 5.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year.
New Risk • Jan 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Dividend is not well covered by cash flows (241% cash payout ratio). Market cap is less than US$100m (JP¥15.7b market cap, or US$99.6m).
お知らせ • Dec 05Cube System Inc. to Report Q3, 2025 Results on Feb 05, 2025Cube System Inc. announced that they will report Q3, 2025 results on Feb 05, 2025
分析記事 • Dec 04Cube System (TSE:2335) Has Announced A Dividend Of ¥20.00The board of Cube System Inc. ( TSE:2335 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of...
Declared Dividend • Dec 04First half dividend of JP¥20.00 announcedDividend of JP¥20.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (241% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
分析記事 • Nov 13Cube System (TSE:2335) Is Posting Healthy Earnings, But It Is Not All Good NewsDespite posting strong earnings, Cube System Inc.'s ( TSE:2335 ) stock didn't move much over the last week. We decided...
New Risk • Nov 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Dividend is not well covered by cash flows (240% cash payout ratio).
Reported Earnings • Nov 08Second quarter 2025 earnings released: EPS: JP¥33.59 (vs JP¥17.74 in 2Q 2024)Second quarter 2025 results: EPS: JP¥33.59 (up from JP¥17.74 in 2Q 2024). Revenue: JP¥4.61b (flat on 2Q 2024). Net income: JP¥505.0m (up 88% from 2Q 2024). Profit margin: 11% (up from 5.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.
New Risk • Oct 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥14.9b market cap, or US$100.0m).
Upcoming Dividend • Sep 20Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
お知らせ • Sep 04Cube System Inc. to Report Q2, 2025 Results on Nov 06, 2024Cube System Inc. announced that they will report Q2, 2025 results on Nov 06, 2024
Reported Earnings • Aug 10First quarter 2025 earnings released: EPS: JP¥10.43 (vs JP¥15.30 in 1Q 2024)First quarter 2025 results: EPS: JP¥10.43 (down from JP¥15.30 in 1Q 2024). Revenue: JP¥4.41b (flat on 1Q 2024). Net income: JP¥157.0m (down 32% from 1Q 2024). Profit margin: 3.6% (down from 5.3% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥970, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 5.0% over the past three years.
Buy Or Sell Opportunity • Aug 05Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to JP¥970. The fair value is estimated to be JP¥1,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 2.7%.
Declared Dividend • Jul 11Final dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 26Full year 2024 earnings released: EPS: JP¥70.38 (vs JP¥70.31 in FY 2023)Full year 2024 results: EPS: JP¥70.38 (up from JP¥70.31 in FY 2023). Revenue: JP¥18.0b (up 10% from FY 2023). Net income: JP¥1.07b (up 7.9% from FY 2023). Profit margin: 5.9% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year.
お知らせ • Jun 14Cube System Inc. to Report Q1, 2025 Results on Aug 07, 2024Cube System Inc. announced that they will report Q1, 2025 results on Aug 07, 2024
お知らせ • May 29+ 2 more updatesCube System Inc. Announces Dividend for the Year Ended March 31, 2024, Payable on June 3, 2024; Provides Dividend Guidance for the Second Quarter End of Fiscal Year Ending March 31, 2025Cube System Inc. announced dividend for the year ended March 31, 2024. For the year, the company announced a dividend of ¥20.00 per share compared to ¥27.00 per share (Ordinary dividend of ¥15 and Commemorative of ¥12 per share) a year ago. Scheduled date to commence dividend payments: June 3, 2024. For the second quarter end of fiscal year ending March 31, 2025, the company expects to pay a dividend of ¥20.00 per share compared to ¥15.00 per share a year ago.
お知らせ • May 10Cube System Inc., Annual General Meeting, Jun 21, 2024Cube System Inc., Annual General Meeting, Jun 21, 2024.
Reported Earnings • May 09Full year 2024 earnings released: EPS: JP¥70.38 (vs JP¥70.31 in FY 2023)Full year 2024 results: EPS: JP¥70.38 (up from JP¥70.31 in FY 2023). Revenue: JP¥18.0b (up 10% from FY 2023). Net income: JP¥1.07b (up 7.9% from FY 2023). Profit margin: 5.9% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.
Buy Or Sell Opportunity • Mar 28Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,095. The fair value is estimated to be JP¥1,399, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 5.2%.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).
お知らせ • Mar 03Cube System Inc. to Report Fiscal Year 2024 Results on May 08, 2024Cube System Inc. announced that they will report fiscal year 2024 results on May 08, 2024
Reported Earnings • Feb 09Third quarter 2024 earnings released: EPS: JP¥16.95 (vs JP¥17.05 in 3Q 2023)Third quarter 2024 results: EPS: JP¥16.95. Revenue: JP¥4.55b (up 12% from 3Q 2023). Net income: JP¥257.0m (up 7.1% from 3Q 2023). Profit margin: 5.6% (down from 5.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
お知らせ • Dec 03Cube System Inc. to Report Q3, 2024 Results on Feb 07, 2024Cube System Inc. announced that they will report Q3, 2024 results on Feb 07, 2024
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥17.74 (vs JP¥15.89 in 2Q 2023)Second quarter 2024 results: EPS: JP¥17.74 (up from JP¥15.89 in 2Q 2023). Revenue: JP¥4.64b (up 16% from 2Q 2023). Net income: JP¥269.0m (up 25% from 2Q 2023). Profit margin: 5.8% (up from 5.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥15.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).
お知らせ • Sep 09Cube System Inc. to Report Q2, 2024 Results on Nov 01, 2023Cube System Inc. announced that they will report Q2, 2024 results on Nov 01, 2023
Reported Earnings • Aug 03First quarter 2024 earnings released: EPS: JP¥15.30 (vs JP¥12.81 in 1Q 2023)First quarter 2024 results: EPS: JP¥15.30 (up from JP¥12.81 in 1Q 2023). Revenue: JP¥4.38b (up 12% from 1Q 2023). Net income: JP¥232.0m (up 34% from 1Q 2023). Profit margin: 5.3% (up from 4.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year.
お知らせ • Jun 02Cube System Inc. to Report Q1, 2024 Results on Aug 02, 2023Cube System Inc. announced that they will report Q1, 2024 results on Aug 02, 2023
お知らせ • May 31+ 2 more updatesCube System Inc. Provides Dividend Guidance for the Second Quarter Fiscal Year Ending March 31, 2024Cube System Inc. provided dividend guidance for the second quarter fiscal year ending March 31, 2024. For the period, the company expects to pay dividend of JPY 15.00 per share against JPY 11.00 per share paid a year ago.
お知らせ • May 12Cube System Inc., Annual General Meeting, Jun 23, 2023Cube System Inc., Annual General Meeting, Jun 23, 2023.
Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥70.30 (vs JP¥69.78 in FY 2022)Full year 2023 results: EPS: JP¥70.30 (up from JP¥69.78 in FY 2022). Revenue: JP¥16.3b (up 1.4% from FY 2022). Net income: JP¥989.0m (up 4.8% from FY 2022). Profit margin: 6.1% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
お知らせ • Feb 17+ 1 more updateCube System Inc. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Cube System Inc. provided dividend guidance for the fiscal year ending March 31, 2023. For the period, the company expects to pay dividend of JPY 27.00 per share against JPY 15.00 per share paid a year ago.
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥17.05 (vs JP¥18.82 in 3Q 2022)Third quarter 2023 results: EPS: JP¥17.05 (down from JP¥18.82 in 3Q 2022). Revenue: JP¥4.08b (up 2.5% from 3Q 2022). Net income: JP¥240.0m (down 5.5% from 3Q 2022). Profit margin: 5.9% (down from 6.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year.
お知らせ • Dec 10Cube System Inc. announced that it expects to receive ¥1.6463 billion in funding from Nomura Research Institute, Ltd.Cube System Inc. announced that it has entered into Capital and Business Alliance agreement for raising 1,630,000 common shares at a price of ¥1,010 per share for the gross proceeds of ¥1,646,300,000 on December 8, 2022. The transaction will include participation from Nomura Research Institute, Ltd. The transaction has been approved by the shareholders of the company. The shares are issued through third-party allotment method. The transaction is expected to close on December 27, 2022.
お知らせ • Dec 07Cube System Inc. to Report Q3, 2023 Results on Feb 08, 2023Cube System Inc. announced that they will report Q3, 2023 results on Feb 08, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Hanae Nagata was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 15+ 1 more updateCube System Inc. Provides Dividend Guidance for the Year Ending March 31, 2023Cube System Inc. provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend of JPY 27 per share against JPY 15 per share a year ago.
Reported Earnings • Nov 05Second quarter 2023 earnings released: EPS: JP¥15.89 (vs JP¥17.67 in 2Q 2022)Second quarter 2023 results: EPS: JP¥15.89 (down from JP¥17.67 in 2Q 2022). Revenue: JP¥4.00b (down 1.8% from 2Q 2022). Net income: JP¥215.0m (down 10.0% from 2Q 2022). Profit margin: 5.4% (down from 5.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥11.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
お知らせ • Sep 07Cube System Inc. to Report Q2, 2023 Results on Nov 02, 2022Cube System Inc. announced that they will report Q2, 2023 results on Nov 02, 2022
お知らせ • Aug 17+ 1 more updateCube System Inc. Provides Dividend Guidance for the Second Quarter and Fiscal Year March 31, 2023Cube System Inc. provided dividend guidance for the second quarter and fiscal year March 31, 2023. For the period, the company expected dividend of JPY 23.00 per share as compared to JPY 8.00 per share paid a year ago.For the fiscal year, the company expected dividend of JPY 27.00 per share as compared to JPY 15.00 per share paid a year ago.
Reported Earnings • Aug 04First quarter 2023 earnings released: EPS: JP¥12.81 (vs JP¥19.28 in 1Q 2022)First quarter 2023 results: EPS: JP¥12.81 (down from JP¥19.28 in 1Q 2022). Revenue: JP¥3.89b (down 2.4% from 1Q 2022). Net income: JP¥173.0m (down 34% from 1Q 2022). Profit margin: 4.4% (down from 6.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 08Cube System Inc. to Report Q1, 2023 Results on Aug 03, 2022Cube System Inc. announced that they will report Q1, 2023 results on Aug 03, 2022
お知らせ • May 31+ 2 more updatesCube System Inc. Provides Consolidated Earnings Guidance for Six Months Ending September 30, 2022 and Full Year Ending March 31, 2023Cube System Inc. provided consolidated earnings guidance for six months ending September 30, 2022 and full year ending March 31, 2023. For the period, the company expected net sales of JPY 8,155 million, operating profit of JPY 749 million, Profit attributable to owners of parent of JPY 505 million or EPS of JPY 37.33.For the full year, the company expected net sales of JPY 17,300 million, operating profit of JPY 1,530 million, Profit attributable to owners of parent of JPY 1,000 million or EPS of JPY 73.91.
Reported Earnings • May 13Full year 2022 earnings released: EPS: JP¥69.77 (vs JP¥62.11 in FY 2021)Full year 2022 results: EPS: JP¥69.77 (up from JP¥62.11 in FY 2021). Revenue: JP¥16.1b (up 8.9% from FY 2021). Net income: JP¥944.0m (up 12% from FY 2021). Profit margin: 5.9% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • May 13Cube System Inc., Annual General Meeting, Jun 24, 2022Cube System Inc., Annual General Meeting, Jun 24, 2022.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Hidee Nagata was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 07Cube System Inc. to Report Fiscal Year 2022 Results on May 11, 2022Cube System Inc. announced that they will report fiscal year 2022 results on May 11, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%).