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CYBERNET SYSTEMS CO., LTD.
Results of operations for the first quarter of the fiscal
year ending December 31, 2023
10 May, 2023
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Business summary of financial results for the first quarter of FY2023
Projection for FY2023
References
2 | ©2023 CYBERNET SYSTEMS CO., LTD. All Rights Reserved. |
Analysis of the current external environment and its impact on the results of the first quarter of FY2023
Analysis of the current environment
- Normalization of economic activities due to a decrease in the number of people infected with COVID and easing of behavioral restrictions.
- Continued high resource prices and inflation due to the prolonged situation in Russia and Ukraine.
- A mild slowdown in the global economy against a backdrop of monetary tightening and the end of stay-at-home consumption.
- Normalization of economic activity due to the lifting of China's zero-COVID policy.
- Concerns about geopolitical risks such as the US-China confrontation.
- Promotion of Digital Transformation (DX) to secure competitive advantage for companies and Green Transformation (GX) to achieve carbon neutrality.
Impact on results of the first quarter of FY2023
- Against the backdrop of a moderate slowdown in the global economy and heightened geopolitical risks overseas, there is a cautious stance on investments in Europe, the United States, Asia, etc. However, sales increased.
- In Japan, sales of security solutions are strong. Expansion of engineering services that support the promotion of DX at customers.
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Financial results for the first quarter of FY2023
- Net sales increased due to strong performance in overseas simulation business and IT.
- Operating income decreased due to an increase in personnel expenses and recruiting expenses associated with human capital investments, and an increase in travel expenses associated with an increase in sales activities.
- Simulation: simulation solution services
- IT: information technology solution services
- EBITDA: operating income + depreciation
Millions of yen | ||||||
22/12 Q1 | 23/12 Q1 | YoY | 23/12 | Percentage | ||
change % | plan | of progress | ||||
Net sales | 4,636 | 4,895 | +5.6% | 22,000 | 22.3% | |
Gross profit | 1,923 | 1,912 | (0.6%) | - | - | |
Selling, general and | 1,451 | 1,612 | +11.0% | - | - | |
administrative expenses | ||||||
Operating income | 471 | 300 | (36.3%) | 1,850 | 16.3% | |
(Operating profit margin) | 10.2% | 6.1% | - | 8.4% | - | |
Ordinary income | 446 | 317 | (28.9%) | 1,850 | 17.1% | |
Profit attributable to | 263 | 168 | (36.3%) | 1,050 | 16.0% | |
owners of parent | ||||||
EBITDA | 531 | 364 | (31.4%) | 2,170 | 16.8% | |
(EBITDA margin) | 11.5% | 7.4% | - | 9.9% | - | |
EPS (yen) | 8.48 | 5.44 | - | 33.99 | - | |
Number of employees at the | 563 | 585 | +22 | - | - | |
end of the quarter (persons) | ||||||
4 | ©2023 CYBERNET SYSTEMS CO., LTD. All Rights Reserved. |
Changes in operating income (YoY comparison)
- Although sales increased, profit decreased due to an increase in cost of sales related to an increase in labor costs, and an increase in selling, general and administrative expenses related to increases in personnel costs, recruiting costs, and travel expenses.
+258(269)
(160)
471
300
Millions of yen
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Cybernet Systems Co. Ltd. published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 06:59:07 UTC.