V-cube, Inc.
3681・Prime Market・Information & Communication
Third Place DX Business
A business supporting location-independent work styles centered on the soundproof private booth "TELECUBE"
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Revenue | ¥2,841 million | ¥2,641 million | ↑ |
| Segment Profit | ¥788 million | ¥747 million | ↑ |
| Segment Profit Margin | 27.7% | 28.3% | ↓ |
| Depreciation and Amortization | ¥205 million | ¥178 million | ↑ |
Business Details
A business aimed at promoting the establishment of telework by providing and supporting the operation of "third places" outside the home and workplace. It sells and rents (subscription-based) the soundproof smart work booth "TELECUBE" to corporations and public spaces, develops management operation systems for public spaces, and develops related services. This is the only segment within the group that has maintained a stable operating profit, and it achieved increased revenue and profit again in FY2025 (ending December 2025). As a subsequent event, the business of TELECUBE Corporation was integrated into the parent company effective February 1, 2026, and the company is scheduled to be dissolved and liquidated.
Recent Overview
Achieved increased revenue and profit driven by sales of corporate soundproof booths and new air conditioning products
In FY2025 (ending December 2025), segment revenue increased 7.5% year on year to ¥2,841 million, and segment profit increased 5.5% year on year to ¥788 million. Sales of soundproof private booths for corporations remained solid, with products for multiple users performing particularly well. In addition, the air conditioning-related products launched this fiscal year captured demand from the extreme heat, contributing to the revenue increase. As a subsequent event, the business of TELECUBE Corporation was integrated into the parent company effective February 1, 2026, and the company is scheduled to complete liquidation on June 30, 2026.
Key Products
Growth Drivers
- Continued solid sales of soundproof private booths for corporations (particularly strong performance of products for multiple users)
- Capturing demand through the launch of new products such as air conditioning-related products (demand driven by extreme heat)
- Expansion of installation locations for TELECUBE in public spaces
- Approach to a wide range of customer segments through both sales and subscription formats
- Continued demand for secure meeting spaces amid the establishment of hybrid work arrangements
Risks
- Risk of a plateau in demand for soundproof private booths among corporate customers
- Risk of declining profit margin due to changes in sales mix (FY2025 (ending December 2025) profit margin declined slightly to 27.7% from 28.3% in the prior period)
- Organizational integration risk associated with the dissolution and liquidation of TELECUBE Corporation (business already integrated into the parent company effective February 1, 2026)
- Risk of declining creditworthiness with business partners and customers due to the parent company V-cube's expected negative net worth and delisting
- Uncertainty regarding the sustainability of demand for new products (such as air conditioning-related products)
Last updated: April 30, 2026