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Stream Media Corporation, The Current Fiscal Year Net Income Revised Upward to an Unexpected 2.2 times Increase, Highest in Seventeen Terms

Wed Nov 6, 2024 12:30 pm JST Earnings

4772 Stream Media Corporation 【J-GAAP】

Earnings Report

Stream Media Corporation <4772> [TSE-G] announced its financial results at noon (12:30) on November 6th. The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 3.5% from the same period last year to 307 million yen.

However, the full-year consolidated net income has been revised upward by 9.5 times, from the previous forecast of 61 million yen to 577 million yen (compared to 261 million yen in the previous period), reaches new record high for the first time in seventeen terms, turning to a 2.2 times increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the July to December period (second half) has been revised upward from an expected loss of 223 million yen to a profit of 293 million yen (compared to a profit of 17 million yen in the same period of the previous year), turning to a profit and leading to a 17 times increase in the consolidated net income outlook.

In the most recent three-month period, from July to September (3Q), the consolidated net income significantly dropped to 23 million yen, a 68.9% decrease compared to the same period last year. The operating profit margin worsened from 3.4% in the same period last year to 1.9%.

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 5,506 -118 -104 -35 -0.3 ー Nov 11, 2022 J-GAAP
Jan - Sep, 2023 7,499 366 376 318 2.8 196.9 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 7,521 363 365 307 2.7 156.0 Nov 6, 2024 J-GAAP
YoY +0.3% -0.8% -2.9% -3.5% -3.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 3,945 -227 -234 -223 -1.9 0 Aug 5, 2024 J-GAAP
Jul - Dec, 2024 New 4,251 -86 -94 293 2.5 0 Nov 6, 2024 J-GAAP
Revision Rate +7.8% +62.1% +59.8% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 9,138 91 94 61 0.5 0 Feb 6, 2024 J-GAAP
Dec, 2024 New 9,444 232 234 577 5.0 0 Nov 6, 2024 J-GAAP
Revision Rate +3.3% +154.9% +148.9% +845.9% +839.6%

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 4,046 -95 -92 17 0.2 0 Feb 6, 2024 J-GAAP
Jul - Dec, 2024 Guidance 4,251 -86 -94 293 2.5 0 Nov 6, 2024 J-GAAP
YoY +5.1% +9.5% -2.2% +1,623.5% +1,586.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 7,078 -381 -366 -303 -2.6 0 Feb 14, 2023 J-GAAP
Dec, 2023 8,910 181 191 261 2.3 0 Feb 6, 2024 J-GAAP
Dec, 2024 Guidance 9,444 232 234 577 5.0 0 Nov 6, 2024 J-GAAP
YoY +6.0% +28.2% +22.5% +121.1% +120.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,635 90 93 74 0.6 3.4 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 1,411 -185 -185 -57 -0.5 -13.1 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 3,056 232 236 201 1.7 7.6 May 2, 2024 J-GAAP
Apr - Jun, 2024 2,137 86 92 83 0.7 4.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 2,328 45 37 23 0.2 1.9 Nov 6, 2024 J-GAAP
YoY -11.7% -50.0% -60.2% -68.9% -68.8%

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