U-NEXT HOLDINGS Co.,Ltd., 6% Increase in Ordinary Profit, Update Record High for Eighth Consecutive Term, Increased Previous Year's Dividend by 1 yen, This Fiscal Year to Increase Dividend

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Thu Oct 10, 2024 4:00 pm JST Earnings

9418 U-NEXT HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

U-NEXT HOLDINGS Co.,Ltd. <9418> [TSE-P] announced its financial results after the market closed on October 10th (16:00). The consolidated ordinary profit for the fiscal year ending August 2024 expanded to 38.9% from the previous period to 28.3 billion yen. For the fiscal year ending August 2025, the profit is expected to grow by 5.9% to 30 billion yen, marking the eighth consecutive term of record-high profits. This will be the sixth consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 32 yen to 33 yen (compared to 21.5 yen in the prior term), and the annual dividend for this fiscal year is 14 yen, taking into account the stock split scheduled to be allocated on November 30, this dividend represents an actual increase of 27.3%.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit decreased to 5.31 billion yen, a 7.1% decrease compared to the same period last year. The operating profit margin worsened from 8.1% in the same period last year to 6.1%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	237,927	17,321	16,241	8,687	48.2	5	Oct 13, 2022	J-GAAP
Aug, 2023	276,344	21,565	20,386	10,959	61.1	7.17	Oct 12, 2023	J-GAAP
Aug, 2024	326,754	29,110	28,321	15,357	85.2	11	Oct 10, 2024	J-GAAP
YoY	+18.2%	+35.0%	+38.9%	+40.1%	+39.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	316,000	28,500	27,500	14,700	81.5	10.67	Apr 9, 2024	J-GAAP
Aug, 2024 Results	326,754	29,110	28,321	15,357	85.2	11	Oct 10, 2024	J-GAAP
Revision Rate	+3.4%	+2.1%	+3.0%	+4.5%	+4.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	152,249	15,813	15,323	8,727	48.4	5.33	Apr 9, 2024	J-GAAP
Sep - Feb, 2024 Guidance	ー	ー	ー	ー	－	7	Oct 10, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	276,344	21,565	20,386	10,959	61.1	7.17	Oct 12, 2023	J-GAAP
Aug, 2024	326,754	29,110	28,321	15,357	85.2	11	Oct 10, 2024	J-GAAP
Aug, 2025 Guidance	360,000	31,000	30,000	16,700	92.6	14	Oct 10, 2024	J-GAAP
YoY	+10.2%	+6.5%	+5.9%	+8.7%	+8.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	74,247	5,998	5,722	2,590	14.4	8.1	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	73,724	7,478	7,321	4,198	23.3	10.1	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	78,525	8,335	8,002	4,529	25.1	10.6	Apr 9, 2024	J-GAAP
Mar - May, 2024	83,288	7,720	7,683	4,287	23.8	9.3	Jul 8, 2024	J-GAAP
Jun - Aug, 2024	91,217	5,577	5,315	2,343	13.0	6.1	Oct 10, 2024	J-GAAP
YoY	+22.9%	-7.0%	-7.1%	-9.5%	-10.0%