No Data
No Data
Cube Research Memo (11): Prioritizing the expansion of corporate value through business expansion in the short term.
As a shareholder return strategy, Kyube <7112> prioritizes the expansion of corporate value through business expansion by investment in the near term. Although it is expected to have no dividends for the fiscal year ending in December 2024, it is stated that they will consider shareholder returns including dividends while assessing the performance trend. (Written by guest analyst at FISCO, Noboru Terajima)
Cube Research Memo (10): Focus on expansion in Taiwan and ASEAN overseas. The quantitative goals can be easily achieved within a single fiscal year.
Cube (7112) has formulated its midterm vision (December 2023 to December 2025) and has set "global expansion", "deepening of the brand", and "brand development through collaboration" as its growth strategies. At present, the qualitative goals have not changed significantly.
Cube Research Memo (9): In global strategy, there is a particular focus on the East Asia-ASEAN region (2).
Progress is being made in developing new trade partners, primarily in the Asia-ASEAN region.
Cube Research Memo (8): In the global strategy, there is a particular focus on the East Asia-ASEAN region (1).
■Future Outlook 3. The future channel plan and progress cube for the fiscal year ending December 2024 and beyond for store <7112> are as follows: (1) Continue to develop flagship stores following the domestic strategic Aoyama store. Promote the expansion of large stores to strengthen inbound sales and actively engage in POP UP stores, including outlet stores. On the other hand, consider FC expansion. a) GINZA SIX store renewal. It is the main store in Tokyo with the highest number of inbound visitors.
Cube Research Memo (7): Continued preemptive investment expected to result in an 18.2% decrease in operating income compared to the previous period for the fiscal year ending December 2024.
■Future Outlook 1. Financial Estimates for the fiscal year ending December 2024 For the fiscal year ending December 2024, it is expected that the revenue will be 5,120 million yen (an increase of 5.4% compared to the previous year), operating profit will be 236 million yen (a decrease of 18.2% compared to the previous year), ordinary profit will be 230 million yen (a decrease of 21.0% compared to the previous year), and net income will be 151 million yen (a decrease of 20.8% compared to the previous year), and it is expected to remain unchanged from the initial estimates. Although the expected gross profit margin has not been disclosed, there is a slight expectation of improvement as the ratio of wholesale revenue is expected to decline. On the other hand, there is a risk that the business capacity will.
Cube Research Memo (6): The cash and deposits on hand exceed 2.9 billion yen, indicating a rich financial position. The equity ratio is 83.4%.
■ Performance trends 3. The total assets of Cube <7112> as of the end of the second quarter of the fiscal year ending December 2024 amounted to 4,710 million yen (an increase of 202 million yen compared to the end of the previous period). Of this, current assets amounted to 3,832 million yen (an increase of 112 million yen), mainly due to an increase of 120 million yen in cash and deposits, a decrease of 42 million yen in receivables and notes receivable, and an increase of 53 million yen in inventory assets (commodities). Fixed assets amounted to 877 million yen (an increase of 89 million yen), mainly due to the interior of new stores and buildings.
No Data
No Data