Broadmedia Corporation, The Current Fiscal Year Net Income Revised Downward by 15%

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Wed Oct 30, 2024 3:00 pm JST Earnings

4347 Broadmedia Corporation 【J-GAAP】

Earnings Report

Broadmedia Corporation <4347> [TSE-S] announced its financial results after the market closed on October 30th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 91.9% from the same period last year to 36 million yen.

In addition, the full-year consolidated net income has downwardly by 15.0%, from the previous forecast of 800 million yen to 680 million yen (compared to 680 million yen in the previous period), leading to a reduction in the profit growth rate from 17.6% to 0.000%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 2.8 times that of the same period last year, reaching 644 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 58 million yen (compared to a profit of 169 million yen in the same period last year). The operating profit margin drastically worsened from 5.8% in the same period last year to 1.2%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	6,323	465	503	326	44.3	46.6	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	6,861	552	589	447	61.6	64.7	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	7,871	269	268	36	5.1	26.8	Oct 30, 2024	J-GAAP
YoY	+14.7%	-51.3%	-54.5%	-91.9%	-91.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	7,871	269	268	36	5.1	0	Oct 30, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	17,000	1,000	1,000	800	112.3	40	May 10, 2024	J-GAAP
Mar, 2025 New	17,000	1,000	1,000	680	95.4	40	Oct 30, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	-15.0%	-15.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,318	317	321	233	32.0	33	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,129	731	732	644	90.4	40	Oct 30, 2024	J-GAAP
YoY	+24.7%	+130.6%	+128.0%	+176.4%	+182.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,023	1,036	1,079	1,110	150.7	30	May 9, 2023	J-GAAP
Mar, 2024	14,179	869	910	680	93.5	33	May 10, 2024	J-GAAP
Mar, 2025 Guidance	17,000	1,000	1,000	680	95.4	40	Oct 30, 2024	J-GAAP
YoY	+19.9%	+15.1%	+9.9%	0.0%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,305	192	195	169	23.3	5.8	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	3,459	292	286	206	28.3	8.4	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	3,859	25	35	27	3.7	0.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,197	226	245	94	13.0	5.4	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	3,674	43	23	-58	-8.2	1.2	Oct 30, 2024	J-GAAP
YoY	+11.2%	-77.6%	-88.2%	－	－