Duyuru • May 19
V-cube, Inc. announced that it expects to receive ¥1.799000059 billion in funding V-cube, Inc. has announced that it has entered into a final agreement as of today regarding the
issuance of the Company’s Class V preferred shares through a third-party allotment to AVA3 HD Co., Ltd. of 25,33,80,290 at an issue price of ¥ 7.1 per share for gross proceeds of ¥1,799,000,059 on May 17, 2026. The preferred shares are converted into common shares. Extraordinary General Meeting of Shareholders around mid-June 2026. Duyuru • Apr 04
V-cube, Inc. to Report Fiscal Year 2025 Results on Mar 31, 2026 V-cube, Inc. announced that they will report fiscal year 2025 results on Mar 31, 2026 Duyuru • Apr 01
V-cube, Inc., Annual General Meeting, Mar 31, 2026 V-cube, Inc., Annual General Meeting, Mar 31, 2026. Duyuru • Dec 03
V-cube, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 V-cube, Inc. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Feb 13, 2026 Duyuru • Aug 22
V-cube, Inc. to Report Q3, 2025 Results on Nov 14, 2025 V-cube, Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 Duyuru • May 22
V-cube, Inc. to Report Q2, 2025 Results on Aug 14, 2025 V-cube, Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 Duyuru • Mar 07
V-cube, Inc. to Report Q1, 2025 Results on May 15, 2025 V-cube, Inc. announced that they will report Q1, 2025 results on May 15, 2025 Duyuru • Mar 01
V-Cube, Inc. Announces Board and Committee Changes V-cube, Inc. board announced appointment of Directors as approved by Audit & Supervisory Committee Members as approved at Audit & Supervisory Committee. Candidates for Directors who are Audit & Supervisory Committee Members: Tsuyoshi Nakamaru appointed as Director Full-time Audit Committee Member; Hidehito Akimoto- Outside Director Audit & Supervisory Committee Member; Keiko Komatsu- Outside Director Audit & Supervisory Committee Member. Executive Scheduled to Retire include: Yosuke Kamezaki, Director CTO. Kikuo Fukushima, Outside Director Audit & Supervisory Committee Member. Career Summary of New Candidate: Tsuyoshi Nakamaru; Born on January 30, 1960; April 1984: Joined IBM Japan Ltd. June 2014: Joined V-cube, Inc. July 2018: General Manager, Business Promotion Office of the Company July 2024: Transferred to the Company's Technology Division (current position) Mr. Yosuke Kamezaki and Mr. Kikuo Fukushima are scheduled to retire upon the conclusion of the 25th Annual General Meeting of Shareholders, which is scheduled to be held on March 28, 2025, due to the expiration of their terms. Duyuru • Feb 21
V-cube, Inc., Annual General Meeting, Mar 28, 2025 V-cube, Inc., Annual General Meeting, Mar 28, 2025. Duyuru • Dec 20
V-cube, Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 V-cube, Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Duyuru • Nov 15
V-Cube, Inc. Announces the Resignation of David Kovalcik as Director, Effective on December 23, 2024 V-cube, Inc. announced the Resignation of David Kovalcik as Director. The resignation will take effect on December 23, 2024, at the Extraordinary General Meeting of Shareholders. Mr. David Kovalcik, who has been involved in global expansion and group management as a director of the Company in his role as CEO of the Company's U.S. subsidiary TEN Events, Inc., was appointed as Chairperson from his previous position as CEO in March 2023. In light of the listing procedures for TEN Holdings, Inc., the parent company of TEN Events, progressing in the United States, Mr. Kovalcik has decided to resign from his position as a director of the Company to formally transfer the leadership role to Mr. Randolph Jones, the current CEO of both companies, marking the listing as a key milestone in this transition. Duyuru • Sep 26
V-cube, Inc. to Report Q3, 2024 Results on Nov 13, 2024 V-cube, Inc. announced that they will report Q3, 2024 results on Nov 13, 2024 New Risk • Aug 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥1.0b free cash flow). Earnings have declined by 68% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Market cap is less than US$100m (€41.1m market cap, or US$46.0m). Reported Earnings • Aug 19
Second quarter 2024 earnings released: JP¥4.26 loss per share (vs JP¥1.11 loss in 2Q 2023) Second quarter 2024 results: JP¥4.26 loss per share (further deteriorated from JP¥1.11 loss in 2Q 2023). Revenue: JP¥2.81b (up 2.5% from 2Q 2023). Net loss: JP¥106.4m (loss widened 294% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Market cap is less than US$100m (€31.8m market cap, or US$34.9m). Duyuru • Jun 02
V-cube, Inc. to Report Q2, 2024 Results on Aug 14, 2024 V-cube, Inc. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: EPS: JP¥2.75 (vs JP¥1.28 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.75 (up from JP¥1.28 in 1Q 2023). Revenue: JP¥2.81b (down 6.7% from 1Q 2023). Net income: JP¥67.0m (up 116% from 1Q 2023). Profit margin: 2.4% (up from 1.0% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Duyuru • May 16
V-cube, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2024 and Fiscal Year Ending December 31, 2024 V-cube, Inc. provided consolidated earnings guidance for the six months ending June 30, 2024 and fiscal year ending December 31, 2024. For the six months, the company expects net sales to be JPY 5,600 million, operating profit to be JPY 320 million, ordinary profit to be JPY 280 million, profit attributable to owners of parent of JPY 200 million and basic earnings per share to be JPY 7.85. For the year, the company expects net sales to be JPY 11,500 million, operating profit to be JPY 500 million, ordinary profit to be JPY 400 million, profit attributable to owners of parent of JPY 300 million and basic earnings per share to be JPY 11.78. Board Change • Apr 02
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Kikuo Fukushima was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 24
V-cube, Inc. to Report Q1, 2024 Results on May 15, 2024 V-cube, Inc. announced that they will report Q1, 2024 results on May 15, 2024 New Risk • Mar 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Market cap is less than US$100m (€42.1m market cap, or US$45.6m). Duyuru • Mar 06
V-cube, Inc. announced that it expects to receive ¥347.472 million in funding V-cube, Inc. announced a privae placement to issue 1,200,000 common shares at an issue price of ¥280.8 per share for the gross proceeds of ¥336,960,000 and 48,000 19th stock acquisition rights at an issue price of ¥219 per right for the gross proceeds of ¥10,512,000; aggregate gross proceeds of ¥347,472,000 on March 6, 2024. Th transaction will include participation from new investors LCAO for 960,000 shares and MAP246 for 240,000 shares and LCAO for 38,400 pieces and MAP246 for 9,600 pieces. The transaction has been approved by the shareholders of the company and is expected to close on March 22, 2024. The company has raised ¥1,994,832,000; issue expenses ¥47,847,680 and the net proceeds ¥1,946,984,320. The total amount of rights is ¥1,657,872,000; amount raised through rights is ¥10,512,000 and amount raised through exercise of stock acquisition rights is ¥1,647,360,000. The exercise price of right is ¥343.2. Duyuru • Feb 29
V-cube, Inc. Announces Board Retirements V-cube, Inc. announced that at the SBM held on February 27, 2024, the board has approved Mr. Norio Murakami and Ms. Naomi Koshi scheduled to retire as outside directors, due to the expiration of their terms of office after the 24th Ordinary General Meeting of Shareholders scheduled to be held on March 27, 2024. New Risk • Feb 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€48.6m market cap, or US$52.6m). Reported Earnings • Feb 18
Full year 2023 earnings released: JP¥232 loss per share (vs JP¥3.46 profit in FY 2022) Full year 2023 results: JP¥232 loss per share (down from JP¥3.46 profit in FY 2022). Revenue: JP¥11.1b (down 9.4% from FY 2022). Net loss: JP¥5.62b (down JP¥5.71b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Duyuru • Feb 15
V-cube, Inc., Annual General Meeting, Mar 27, 2024 V-cube, Inc., Annual General Meeting, Mar 27, 2024. Duyuru • Dec 05
V-cube, Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 V-cube, Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 19
Third quarter 2023 earnings released: JP¥19.74 loss per share (vs JP¥5.56 loss in 3Q 2022) Third quarter 2023 results: JP¥19.74 loss per share (further deteriorated from JP¥5.56 loss in 3Q 2022). Revenue: JP¥2.36b (down 5.0% from 3Q 2022). Net loss: JP¥479.0m (loss widened 255% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 17 percentage points per year, which is a significant difference in performance. New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (€52.0m market cap, or US$55.5m). Duyuru • Sep 23
V-cube, Inc. to Report Q3, 2023 Results on Nov 14, 2023 V-cube, Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 New Risk • Aug 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Market cap is less than US$100m (€65.6m market cap, or US$71.8m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: JP¥1.11 loss per share (vs JP¥9.02 profit in 2Q 2022) Second quarter 2023 results: JP¥1.11 loss per share (down from JP¥9.02 profit in 2Q 2022). Revenue: JP¥2.74b (down 8.7% from 2Q 2022). Net loss: JP¥27.0m (down 112% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 37% per year. Duyuru • May 31
V-cube, Inc. to Report Q2, 2023 Results on Aug 10, 2023 V-cube, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 15
First quarter 2023 earnings released: EPS: JP¥1.28 (vs JP¥12.36 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.28 (down from JP¥12.36 in 1Q 2022). Revenue: JP¥3.01b (down 17% from 1Q 2022). Net income: JP¥31.0m (down 90% from 1Q 2022). Profit margin: 1.0% (down from 8.3% in 1Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: JP¥3.46 (vs JP¥54.67 in FY 2021) Full year 2022 results: EPS: JP¥3.46 (down from JP¥54.67 in FY 2021). Revenue: JP¥12.2b (up 6.4% from FY 2021). Net income: JP¥84.0m (down 94% from FY 2021). Profit margin: 0.7% (down from 12% in FY 2021). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 19% share price gain to €5.05, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Telecom industry in Germany. Total loss to shareholders of 13% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.4%). Duyuru • Dec 06
V-cube, Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 V-cube, Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Board Change • Nov 16
Less than half of directors are independent Following 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. 5 non-independent directors. Independent Outside Director Naomi Koshi 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. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorated over the past week After last week's 25% share price decline to €5.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Telecom industry in Germany. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €7.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Telecom industry in Germany. Total returns to shareholders of 96% over the past three years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: JP¥9.02 (vs JP¥5.08 in 2Q 2021) Second quarter 2022 results: EPS: JP¥9.02 (up from JP¥5.08 in 2Q 2021). Revenue: JP¥3.00b (up 12% from 2Q 2021). Net income: JP¥219.0m (up 78% from 2Q 2021). Profit margin: 7.3% (up from 4.6% in 2Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 3.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 33% per year. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 16% share price gain to €10.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Telecom industry in Germany. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 20% share price gain to €8.05, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Telecom industry in Germany. Total returns to shareholders of 67% over the past three years. Duyuru • May 29
V-cube, Inc. to Report Q2, 2022 Results on Jul 28, 2022 V-cube, Inc. announced that they will report Q2, 2022 results on Jul 28, 2022 Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 20% share price gain to €7.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Telecom industry in Germany. Total returns to shareholders of 96% over the past three years. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: JP¥12.36 (vs JP¥32.43 in 1Q 2021) First quarter 2022 results: EPS: JP¥12.36 (down from JP¥32.43 in 1Q 2021). Revenue: JP¥3.61b (up 7.5% from 1Q 2021). Net income: JP¥300.0m (down 62% from 1Q 2021). Profit margin: 8.3% (down from 24% in 1Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 2.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following 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. 5 non-independent directors. Independent Outside Director Naomi Koshi 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. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 23% share price gain to €7.75, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Telecom industry in Germany. Total returns to shareholders of 95% over the past three years. Duyuru • Apr 01
V-cube, Inc. to Report Q1, 2022 Results on Apr 28, 2022 V-cube, Inc. announced that they will report Q1, 2022 results on Apr 28, 2022 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to €6.65, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Telecom industry in Germany. Total returns to shareholders of 78% over the past three years. Duyuru • Feb 16
V-cube, Inc., Annual General Meeting, Mar 29, 2022 V-cube, Inc., Annual General Meeting, Mar 29, 2022. Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: JP¥39.71 (down from JP¥47.09 in FY 2020). Revenue: JP¥11.5b (up 39% from FY 2020). Net income: JP¥978.0m (down 14% from FY 2020). Profit margin: 8.5% (down from 14% in FY 2020). Revenue missed analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 38%, compared to a 2.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 12
V-cube, Inc. Revises Earnings Guidance for the Fiscal Year Ended December 31, 2021 V-cube, Inc. revised earnings guidance for the fiscal year ended December 31, 2021. For the year, the company expects net sales to be JPY 11,500 million against previous guidance of JPY 13,000 million. Operating profit to be JPY 1,400 million against previous guidance of JPY 2,400 million. Profit attributable to owners of parent to be JPY 1,150 million against previous guidance of JPY 2,000 million. Net income per share to be JPY 46.49 against previous guidance of JPY 81.23. Upcoming Dividend • Dec 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 March 2022. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.5%). Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS JP¥2.77 (vs JP¥8.81 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥2.48b (up 21% from 3Q 2020). Net income: JP¥67.0m (down 69% from 3Q 2020). Profit margin: 2.7% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 16% share price gain to €13.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Telecom industry in Europe. Total returns to shareholders of 228% over the past three years. Duyuru • Aug 18
V-cube, Inc. (TSE:3681) announces an Equity Buyback for 200,000 shares, representing 0.83% for ¥300 million. V-cube, Inc. (TSE:3681) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 common stock, representing 0.83% of the outstanding shares for ¥300 million. The purpose of the program is to return profits to shareholders by improving capital efficiency and to implement flexible capital policies according to the business environment. The program will run until August 31, 2021. As of July 31, 2021, the company had 24,210,057 shares in issue (excluding treasury stock) and 411,343 shares in treasury. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 25% share price decline to JP¥13.30, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 21x in the Telecom industry in Germany. Total returns to shareholders of 205% over the past three years. Duyuru • Jun 01
V-cube, Inc. (TSE:3681) agreed to acquire XYVID from David Kovalcik and others for $15 million V-cube, Inc. (TSE:3681) agreed to acquire XYVID from David Kovalcik and others for $15 million on May 31, 2021. Under the terms of the consideration, $15 million will be paid at closing and the remaining amount will be contingent upon the financial performance of Xyvid. The closing consideration will be financed by bridge financing. Xyvid reported Net Assets of $1.5 million, Total Assets of $1.7 million and Net Income and operating profit of $1.6 million for FY2020. The management of Xyvid will continue to manage Xyvid. The V-Cube board has approved the transaction. The transaction is expected to close on June 3, 2021. The impact of the transaction is expected to be immaterial for V-Cube's FY2021 Reported Earnings • May 01
First quarter 2021 earnings released: EPS JP¥32.43 (vs JP¥3.03 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥3.36b (up 117% from 1Q 2020). Net income: JP¥787.0m (up JP¥714.0m from 1Q 2020). Profit margin: 24% (up from 4.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS JP¥47.09 (vs JP¥1.41 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥8.28b (up 30% from FY 2019). Net income: JP¥1.14b (up JP¥1.10b from FY 2019). Profit margin: 14% (up from 0.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 20
New 90-day low: €21.00 The company is down 1.0% from its price of €21.20 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 2.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥47.09 (vs JP¥1.41 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥8.28b (up 30% from FY 2019). Net income: JP¥1.14b (up JP¥1.10b from FY 2019). Profit margin: 14% (up from 0.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 87% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 13
V-cube, Inc., Annual General Meeting, Mar 25, 2021 V-cube, Inc., Annual General Meeting, Mar 25, 2021. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥4.00 Per Share Will be paid on the 26th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.06% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (4.6%). Duyuru • Dec 05
V-cube, Inc. to Report Q4, 2020 Results on Feb 12, 2021 V-cube, Inc. announced that they will report Q4, 2020 results on Feb 12, 2021 Is New 90 Day High Low • Nov 27
New 90-day high: €24.20 The company is up 83% from its price of €13.20 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 1.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS JP¥8.81 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: JP¥2.05b (up 45% from 3Q 2019). Net income: JP¥213.0m (down 28% from 3Q 2019). Profit margin: 10% (down from 21% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 10
New 90-day high: €16.50 The company is up 63% from its price of €10.10 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 5.0% over the same period. Duyuru • Aug 30
V-cube, Inc. to Report Q3, 2020 Results on Nov 12, 2020 V-cube, Inc. announced that they will report Q3, 2020 results on Nov 12, 2020 Duyuru • Jun 17
V-cube, Inc. to Report Q2, 2020 Results on Aug 13, 2020 V-cube, Inc. announced that they will report Q2, 2020 results on Aug 13, 2020