GMO Media, Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 11%, Adds to Record High Profit Forecast, Dividend Revised Upward by 53 yen

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Wed Nov 6, 2024 3:31 pm JST Earnings

6180 GMO Media, Inc. 【J-GAAP】

Earnings Report

GMO Media, Inc. <6180> [TSE-G] announced its financial results after the market closed on November 6th (15:31). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 20.9% from the same period last year, reaching 591 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 10.9%, from the previous forecast of 640 million yen to 710 million yen (compared to 540 million yen in the previous period), increasing the growth rate from 18.5% to 31.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 31.8%, from the previous forecast of 220 million yen to 290 million yen (compared to 208 million yen in the same period of the previous year), increasing the growth rate from 5.8% to 39.4%.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 121 yen to 174 yen (compared to 105 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 8.9% from the same period last year, reaching 171 million yen. The operating profit margin rose from 10.0% in the same period last year to 11.0%.

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	4,119	267	264	178	104.3	86.0	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	4,573	491	489	327	190.0	90.6	Nov 6, 2023	J-GAAP
Jan - Sep, 2024	4,909	592	591	427	244.8	83.2	Nov 6, 2024	J-GAAP
YoY	+7.3%	+20.6%	+20.9%	+30.6%	+28.8%

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	3,555	230	220	118	68.1	121	Aug 6, 2024	J-GAAP
Jul - Dec, 2024 New	3,155	295	290	202	116.6	174	Nov 6, 2024	J-GAAP
Revision Rate	-11.3%	+28.3%	+31.8%	+71.2%	+71.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	6,900	650	640	420	242.4	121	Feb 5, 2024	J-GAAP
Dec, 2024 New	6,500	715	710	504	290.9	174	Nov 6, 2024	J-GAAP
Revision Rate	-5.8%	+10.0%	+10.9%	+20.0%	+20.0%

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	3,270	200	208	140	81.3	105	Feb 5, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,155	295	290	202	116.6	174	Nov 6, 2024	J-GAAP
YoY	-3.5%	+47.5%	+39.4%	+44.3%	+43.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	5,587	310	307	183	106.8	54	Feb 6, 2023	J-GAAP
Dec, 2023	6,266	533	540	361	209.6	105	Feb 5, 2024	J-GAAP
Dec, 2024 Guidance	6,500	715	710	504	290.9	174	Nov 6, 2024	J-GAAP
YoY	+3.7%	+34.1%	+31.5%	+39.6%	+38.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,577	158	157	106	61.6	10.0	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	1,693	42	51	34	19.7	2.5	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	1,721	242	245	174	99.8	14.1	May 8, 2024	J-GAAP
Apr - Jun, 2024	1,624	178	175	128	73.3	11.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	1,564	172	171	125	71.7	11.0	Nov 6, 2024	J-GAAP
YoY	-0.8%	+8.9%	+8.9%	+17.9%	+16.3%