2335
CUBE SYSTEM INC.
株式会社キューブシステム
Technology · Information Technology Services
Cube System Inc. provides system solutions in Japan and internationally. It offers system integration services; system development; infrastructure solutions; system infrastructure operation and maintenance services; offshore utilization; and project management office services. The company also offers cloud services. It provides its solutions for finance, distribution, telecommunications, manufacturing, and other industries. The company was formerly known as Customer Engineers Corporation and changed its name to Cube System Inc. in October 1990. Cube System Inc. was incorporated in 1972 and is headquartered in Shinagawa, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥18.5B
¥18.4B
¥18.0B
¥16.3B
¥16.1B
Cost of Sales
¥14.2B
¥14.4B
¥14.1B
¥12.8B
¥12.6B
Gross Profit
¥4.3B
¥3.9B
¥3.9B
¥3.6B
¥3.5B
SG&A
¥2.7B
¥2.6B
¥2.4B
¥2.1B
¥2.0B
Operating Income
¥1.6B
¥1.4B
¥1.5B
¥1.5B
¥1.4B
Non-Operating Income
¥40M
¥41M
¥79M
¥54M
¥33M
Dividend Income
—
¥17M
¥20M
¥16M
¥14M
Interest Income
—
¥5M
¥6M
¥4M
¥3M
Non-Operating Expenses
—
¥29M
¥25M
¥26M
¥18M
Interest Expense
—
¥1M
¥1M
¥1M
¥2M
Ordinary Income
¥1.6B
¥1.4B
¥1.6B
¥1.5B
¥1.4B
Pre-tax Income
¥2.0B
¥1.8B
¥1.6B
¥1.5B
¥1.4B
Income Taxes
¥475M
¥509M
¥524M
¥491M
¥483M
Current Tax
—
¥406M
¥485M
¥496M
¥442M
Deferred Tax
—
¥103M
¥39M
¥-6M
¥41M
Net Income (owners)
¥1.6B
¥1.3B
¥1.1B
¥990M
¥945M
Minority Interest
—
—
—
—
¥5M
Comprehensive Income
—
¥1.5B
¥1.2B
¥1.3B
¥970M
EBITDA
¥1.7B
¥1.4B
¥1.6B
¥1.5B
¥1.5B
EPS
¥103.37
¥83.81
¥70.39
¥70.35
¥69.82
Shares Outstanding
—
15.7M
15.7M
15.7M
14.1M
Shares Issued (total)
—
15.8M
15.8M
15.8M
14.5M
Treasury Shares
—
0.0M
0.0M
0.0M
0.4M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥14.9B
¥14.4B
¥13.5B
¥12.5B
¥10.1B
Current Assets
¥10.9B
¥9.8B
¥10.0B
¥9.7B
¥7.8B
Cash & Deposits
¥6.8B
¥6.2B
¥6.8B
¥6.7B
¥5.1B
Trade Receivables
—
¥3.0B
¥2.8B
¥2.5B
¥2.5B
Non-Current Assets
¥4.0B
¥4.6B
¥3.5B
¥2.8B
¥2.3B
PP&E
¥469M
¥240M
¥160M
¥124M
¥169M
Intangible Assets
—
¥3M
¥3M
¥3M
¥5M
Investment Securities
¥1.5B
¥2.2B
¥2.1B
¥1.6B
¥1.3B
Deferred Tax Assets
—
—
—
¥8M
¥20M
Total Liabilities
¥3.5B
¥3.5B
¥3.4B
¥2.9B
¥2.9B
Current Liabilities
¥2.7B
¥2.4B
¥2.5B
¥2.2B
¥2.2B
ST Debt
¥230M
¥230M
¥230M
¥240M
¥240M
Taxes Payable
—
¥206M
¥271M
¥314M
¥231M
Non-Current Liabilities
¥759M
¥1.1B
¥895M
¥742M
¥651M
Deferred Tax Liab.
—
¥384M
¥151M
—
—
Total Equity
¥11.4B
¥10.9B
¥10.1B
¥9.6B
¥7.2B
Capital Stock
—
¥1.4B
¥1.4B
¥1.4B
¥769M
Capital Surplus
—
¥1.5B
¥1.5B
¥1.5B
¥705M
Retained Earnings
¥8.4B
¥7.5B
¥6.9B
¥6.5B
¥6.0B
Treasury Stock
—
¥-654M
¥-504M
¥-504M
¥-759M
AOCI
—
¥1.1B
¥881M
¥769M
¥449M
Equity (owners)
¥10.8B
¥9.7B
¥9.3B
¥8.8B
¥6.7B
Minority Interests
—
—
—
—
¥44M
Total Interest-Bearing Debt ⓘ
¥230M
¥230M
¥230M
¥240M
¥240M
Net Cash ⓘ
¥6.6B
¥6.0B
¥6.6B
¥6.5B
¥4.8B
NCAV ⓘ
¥7.4B
¥6.3B
¥6.6B
¥6.8B
¥5.0B
NCAV/Share
—
¥401
¥421
¥430
¥351
BV/Share
—
¥618
¥588
¥562
¥476
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥767M
¥255M
¥1.0B
¥892M
¥1.0B
Interest Paid
—
¥-1M
¥-1M
¥-1M
¥-2M
Interest Received
—
¥22M
¥22M
¥21M
¥19M
D&A
¥151M
¥57M
¥44M
¥51M
¥60M
Investing CF
¥371M
¥-68M
¥-260M
¥-305M
¥-134M
CapEx
¥298M
¥39M
¥70M
¥13M
¥44M
Purchase Investments
—
¥-20M
¥-251M
¥-458M
¥-77M
Proceeds from Invest.
—
¥124M
¥2M
¥58M
¥13M
Financing CF
¥-521M
¥-780M
¥-672M
¥1.1B
¥-324M
Dividends Paid
—
¥-629M
¥-662M
¥-536M
¥-283M
Free Cash Flow
¥469M
¥216M
¥975M
¥879M
¥972M
Net Change in Cash
—
¥-601M
¥112M
¥1.7B
¥568M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
14.0%
12.0%
10.8%
11.8%
13.8%
ROA
10.7%
9.1%
8.2%
8.8%
9.4%
EPS
¥103.37
¥83.81
¥70.39
¥70.35
¥69.82
DPS
¥20.00
¥40.00
¥35.00
¥50.00
¥23.00
BPS
¥751.46
¥722.27
¥668.41
¥634.29
¥531.14
FCF/Share
—
¥14
¥62
¥56
¥69
NCAV/Share
—
¥401
¥421
¥430
¥351
Payout Ratio
19.3%
47.7%
49.7%
71.1%
32.9%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2026-04-02
Sakiyama Osamu
3.77%
correction
Passive
—
2026-03-26
Sakiyama Osamu
3.77%
-3.04%
change
Passive
—
2024-05-16
Sakiyama Osamu
6.81%
change
Passive
—
Capital Allocation Signals 2
Date
Type
Amount
Summary
2026-05-07
16:00
Div Increase
¥409M ¥26.0/sh
+30%
Cube System resolved on May 7, 2026 to increase its fiscal year-end dividend per share from 22.00 yen to 26.00 yen (18.2…
Summary
Cube System resolved on May 7, 2026 to increase its fiscal year-end dividend per share from 22.00 yen to 26.00 yen (18.2% increase from prior announcement), raising total dividend payout to 409 million yen. The increase was driven by lower-than-expected tax expenses under IFRS adjustments, resulting in higher net income attributable to shareholders. The revised consolidated dividend payout ratio stands at 44.5%, within the company's target range of approximately 50%.
Deadline: 2026-06-05
YoY: +30%
Source (JP)
期末配当額を見直し、1株当たり配当金を26.00円とすることといたしました。なお、再決議後の配当金に基づく連結配当性向は44.5%となります。
2026-04-28
16:00
Div Increase
¥346M ¥22.0/sh
+10%
Cube System announced a dividend increase for fiscal year ending March 31, 2026, with an interim dividend of 20.00 yen p…
Summary
Cube System announced a dividend increase for fiscal year ending March 31, 2026, with an interim dividend of 20.00 yen per share (Q2) and a year-end dividend of 22.00 yen per share (period-end), totaling 42.00 yen per share annually, up from 40.00 yen in the prior year. The total dividend payout is 346 million yen, reflecting a 10% increase in full-year DPS. The company maintains a consolidated payout ratio target of approximately 50% while prioritizing stable dividends and shareholder value enhancement.
YoY: +10%
Source (JP)
当期の期末配当金は上記基本方針に基づき、直近の配当予想のとおり1株当たり 22.00 円といたしました。合計 42.00 円(前期 40.00 円)
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 12
#
Shareholder
Shares (thou.)
% of Total
1
Nomura Research Institute,Ltd.
株式会社野村総合研究所
3,178
20.20%
2
Employee Stock Ownership Plan
キューブシステム従業員持株会
1,462
9.29%
3
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社 (信託口)
1,202
7.64%
4
﨑山 收
946
6.01%
5
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社 (役員報酬BIP信託口・75824口)
522
3.31%
6
小貫 明美
401
2.55%
7
内田 敏雄
206
1.31%
8
佐藤 俊郁
198
1.26%
9
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社 (株式付与ESOP信託口・80049口)
168
1.07%
10
﨑山 美歌
151
0.96%
Domestic Nominees
12.0%
-0.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
41.6%
-2.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Nomura Research Institute,Ltd.
式会社野村総合研究所
20.20%
20.20%
20.20%
Japan Master Trust Bank
日本マスタートラスト信託銀行
10.46%
11.14%
12.02%
+0.88%
Employee Stock Ownership Plan
キューブシステム従業員持株会
9.33%
9.42%
9.29%
-0.13%
﨑山 收
7.13%
7.13%
6.01%
-1.12%
小貫 明美
2.55%
2.55%
2.55%
内田 敏雄
1.40%
1.37%
1.31%
-0.06%
佐藤 俊郁
1.46%
1.26%
1.26%
﨑山 美歌
NEW ENTRY
—
—
—
0.96%
NEW
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
last seen 2024
Exited Top 10
—
1.61%
—
Japan Custody Bank
日本カストディ銀行
last seen 2024
Exited Top 10
1.28%
1.45%
—
SMBC日興証券
last seen 2023
Exited Top 10
1.84%
—
—
Concentration (HHI)
ⓘ
671
686
686
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,206M
+35% since 2023
Holdings
12
+1 new
5 exited
Trend
1 unwinding
vs 2023
Held Company
FY2025
¥1,206M total
FY2023
¥893M total
Book Val ¥M
Shares
Book Val ¥M
Shares
FUJITSU LIMITED
富士通(株)
407
+742.0%
↑
138,188
293
16,412
譬ェ蠑丈シ夂、セ繝医Μ繝励Ν繧「繧、繧コ
(株)トリプルアイズ
316
300,000
254
300,000
Nomura Research Institute,Ltd.
(株)野村総合研究所
282
-14.6%
↓
58,463
210
68,463
M
AEON Co.,Ltd.
イオン(株)
188
+3.5%
↑
50,245
125
48,568
TOHO SYSTEM SCIENCE CO.,LTD.
(株)東邦システムサイエンス
3
+50.0%
↑
3,000
2
2,000
Mizuho Financial Group, Inc.
(株)みずほフィナンシャルグループ
3
800
2
800
M
HIMACS,Ltd.
(株)ハイマックス
3
2,400
3
2,400
M
Kanpo Life Insurance Co., Ltd.
(株)かんぽ生命保険
3
1,000
2
1,000
NTT DATA GROUP CORPORATION
(株)NTTデータグループ
1
NEW
New
500
—
CRESCO LTD.
(株)クレスコ (注)
—
—
Mitsubishi UFJ Financial Group, Inc.
(株)三菱UFJフィナンシャル・グループ
—
—
NEC Corporation
日本電気(株)
—
—
DTS CORPORATION
(株)DTS
—
−100%
Exit
—
1
200
NSD CO.,LTD.
(株)NSD
—
−100%
Exit
—
0
200
COMTURE CORPORATION
コムチュア(株)
—
−100%
Exit
—
0
200
譬ェ蠑丈シ夂、セ�ショ�シエ�シエ繝�繝シ繧ソ
(株)NTTデータ
—
−100%
Exit
—
1
500
CRESCO LTD.
(株)クレスコ
—
−100%
Exit
—
0
200
Portfolio total
1,206
893
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding