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V-cube, Inc.
(Frankfurt:3681)
V-cube, Inc. (3681) vs. S&P 500 (SPY)
V-cube, Inc. Business Overview & Revenue Model
V-cube, Inc. Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 11.08B | 12.23B | 11.49B | 8.28B | 6.37B | Gross Profit |
| 4.64B | 5.42B | 5.31B | 3.87B | 2.31B | EBIT |
| -156.10M | 675.09M | 1.35B | 1.05B | -321.84M | EBITDA |
| -2.76B | 1.44B | 1.93B | 1.89B | 874.26M | Net Income Common Stockholders |
| -5.62B | 120.38M | 1.32B | 1.14B | 25.43M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.39B | 1.70B | 1.82B | 2.77B | 790.15M | Total Assets |
| 12.33B | 16.89B | 15.26B | 10.03B | 7.00B | Total Debt |
| 8.66B | 7.89B | 7.48B | 3.49B | 2.21B | Net Debt |
| 7.27B | 6.19B | 5.66B | 718.43M | 1.42B | Total Liabilities |
| 11.58B | 10.90B | 10.16B | 6.21B | 3.95B | Stockholders Equity |
| 630.32M | 5.90B | 5.05B | 3.79B | 3.03B |
| Cash Flow | Free Cash Flow | |||
| -1.15B | -414.09M | -25.91M | 1.09B | -578.86M | Operating Cash Flow |
| 990.96M | 1.83B | 2.09B | 1.98B | 373.24M | Investing Cash Flow |
| -1.92B | -2.40B | -5.97B | -935.46M | -746.22M | Financing Cash Flow |
| 562.40M | 290.31M | 2.83B | 950.76M | -1.58B |
V-cube, Inc. Technical Analysis
V-cube, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥5.51B | 37.93 | ― | 44.93% | -49.63% | ||
63 Neutral | ¥242.69B | 114.78 | ― | 29.19% | ― | ||
59 Neutral | $10.73B | 10.11 | -6.65% | 3.02% | 7.41% | -11.17% | |
46 Neutral | ¥7.18B | ― | 5.43% | 1.32% | -357.04% | ||
40 Underperform | €4.53B | ― | -523.64% | ― | -5.60% | 76.43% |
V-cube, Inc. Corporate Events
V-cube, Inc. has finalized the issuance details for its 21st Stock Acquisition Rights, granting stock options to its directors and employees. This move is aimed at aligning the interests of its key personnel with the company’s performance, potentially impacting its operational dynamics and market positioning.
V-cube, Inc. has announced its non-compliance with the Tokyo Stock Exchange’s listing maintenance criteria for market capitalization and net assets as of December 31, 2024. The company has outlined a plan to achieve compliance by the end of 2025, focusing on improving profitability and investor confidence. Despite challenges such as a decline in net sales and restructuring costs, V-cube is taking steps to optimize costs and expand its business, including the successful NASDAQ listing of its subsidiary TEN Holdings, Inc. The company remains committed to maintaining positive net assets and pursuing growth through strategic acquisitions and business expansion.
V-cube, Inc. announced the sale of a portion of investment securities held by its Singapore-based subsidiary, expecting to record a gain of approximately SGD 4,565,000 as extraordinary income. This move is aimed at improving asset efficiency and strengthening the company’s financial position, with the impact to be reflected in the first quarter financial results for the fiscal year ending December 2025.
V-cube, Inc. has announced the issuance of stock options to its directors and employees as part of a strategic move to improve business performance and meet listing requirements on the Tokyo Stock Exchange’s Prime Market. This initiative is designed to incentivize long-term commitment and enhance corporate value, although it may slightly dilute existing shareholders’ stakes. The exercise of these options is contingent upon achieving specific financial and market capitalization targets, which are expected to benefit the company’s overall value and its stakeholders.
V-cube, Inc., through its subsidiary TEN Holdings, Inc., has announced a strategic move to acquire its own shares with the aim of enhancing shareholder value, improving capital efficiency, and implementing a flexible capital policy. This acquisition, capped at USD 1 million, is expected to have no impact on the consolidated statement of income but may reduce the total consolidated assets by up to USD 1 million, reflecting a strategic financial maneuver to optimize capital structure.
V-cube, Inc. has announced a proposal to introduce stock option compensation for its directors, excluding certain committee members and outside directors, to be discussed at the upcoming Annual General Meeting. This move aims to align director incentives with shareholder interests and enhance corporate value, with a maximum annual compensation set at JPY 300 million. The proposal, if approved, will adjust the company’s director compensation policy and is based on a comprehensive assessment of the company’s business scale and future trends.
V-cube, Inc. has announced a series of changes in its board of directors, including nominations for new director candidates and amendments to its Articles of Incorporation, to be discussed at the upcoming shareholders’ meeting. The company is also reducing director compensation to align with its financial performance and management responsibilities, while continuing to enhance corporate governance by separating management and execution roles.
V-cube, Inc. announced a delay in releasing its financial results for the fiscal year ending December 2024, due to the IPO of its U.S. subsidiary, TEN Holdings, Inc., on NASDAQ. This strategic move, which is expected to generate cash proceeds and a gain on the sale, necessitated a thorough evaluation of market conditions and financial impacts, thereby extending the disclosure timeline beyond 50 days post fiscal year-end. The company plans to improve its financial disclosure processes to ensure timely reporting in the future, aiming for a 45-day post-year-end timeline.
V-cube, Inc. has announced the issuance of free stock options to employees as part of a strategic initiative to boost business performance and meet the Prime Market listing requirements. This move aims to enhance corporate value and retain talent while ensuring long-term growth, despite a slight dilution impact on existing shareholders.
V-cube, Inc. reported significant financial adjustments for the fiscal year ending December 31, 2024, including an extraordinary impairment loss and the reversal of deferred tax assets due to underperforming software in its Event DX and Third Place DX businesses. The company’s actual earnings fell short of forecasts, with lower-than-expected sales and profitability, impacted by delays in public-use Telecube installations and restructuring efforts in its U.S. subsidiary, TEN Holdings. This resulted in a notable negative shift in net income attributable to parent company shareholders.
V-cube, Inc. reported a decline in its financial performance for the year ended December 31, 2024, with net sales decreasing by 5.6% to ¥10,463 million and a loss of ¥1,417 million attributable to owners of the parent. Despite the challenging fiscal year, the company anticipates net sales growth for 2025. The company’s financial position saw a reduction in total assets and net assets, with a negative capital adequacy ratio. The cash flows from operating activities were positive, but there were negative cash flows from investing and financing activities.
V-cube, Inc. has postponed its financial results announcement for the fiscal year ending December 2024 due to the imminent IPO of its U.S. subsidiary, TEN Holdings, Inc. The company is assessing the financial implications of the IPO, including the impact on cash flow and deferred tax assets, necessitating a delay in the earnings release to ensure accurate financial reporting.
V-cube, Inc.’s consolidated subsidiary, TEN Holdings, Inc., has been approved to list on NASDAQ and expects to raise approximately $10 million through its IPO. This strategic move is anticipated to strengthen V-cube’s market position by expanding its financial capabilities and enhancing its growth potential in the event platform industry.
TEN Holdings, Inc., a subsidiary of V-cube, Inc., has received NASDAQ listing approval, aiming to use the IPO funds to strengthen its marketing and sales, enhance R&D, diversify services, and pursue strategic M&A. This move marks a significant expansion in V-cube’s U.S. Event DX Business, maintaining an 82.9% shareholding in TEN Holdings post-IPO.
V-cube, Inc. announced a shift in its leadership positions to address weak business performance and a declining stock price. Naoaki Mashita will return to the role of President and Representative Director to strengthen management and improve investor relations, while Masaya Takada will become Vice President, continuing to focus on enhancing corporate value in Japan.