BroadBand Tower, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Oct 31, 2024 12:30 pm JST Earnings

3776 BroadBand Tower, Inc. 【J-GAAP】

Earnings Report

BroadBand Tower, Inc. <3776> [TSE-S] announced its financial results at noon (12:30) on October 31st. The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 643 million yen (compared to a loss of 208 million yen in the same period last year). The progress rate against the full-year plan of 610 million yen is 105.4%, already exceeding the target and also exceeding the five-year average of 73.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 33 million yen (compared to a profit of 56 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 53 million yen (compared to a loss of 111 million yen in the same period last year). The operating profit/loss margin significantly improved from -2.7% in the same period last year to 1.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	10,962	-265	592	486	8.0	111.7	Nov 4, 2022	J-GAAP
Jan - Sep, 2023	9,904	-173	-208	-169	-2.8	ー	Nov 2, 2023	J-GAAP
Jan - Sep, 2024	9,732	505	643	480	7.8	105.4	Oct 31, 2024	J-GAAP
YoY	-1.7%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	6,396	5	-55	186	3.1	1	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	6,646	48	20	-95	-1.6	1	Aug 7, 2024	J-GAAP
YoY	+3.9%	+860.0%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	14,126	-361	530	-391	-6.4	2	Feb 10, 2023	J-GAAP
Dec, 2023	13,243	-84	-152	99	1.6	2	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	13,250	500	610	310	5.1	2	Aug 7, 2024	J-GAAP
YoY	+0.1%	－	－	+213.1%	+209.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,057	-84	-111	-82	-1.3	-2.7	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	3,339	89	56	268	4.4	2.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,090	76	167	119	2.0	2.5	May 2, 2024	J-GAAP
Apr - Jun, 2024	3,514	376	423	286	4.7	10.7	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	3,128	53	53	75	1.2	1.7	Oct 31, 2024	J-GAAP
YoY	+2.3%	－	－	－	－