CHUBU-NIPPON BROADCASTING Co.,LTD., First Half Ordinary Profit Decreases by 18%, July-September Ordinary Profit Decreases by 25%

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Thu Nov 7, 2024 1:40 pm JST Earnings

9402 CHUBU-NIPPON BROADCASTING Co.,LTD. 【J-GAAP】

Earnings Report

CHUBU-NIPPON BROADCASTING Co.,LTD. <9402> [NSE-P] announced its financial results in the afternoon session on November 7th (13:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 17.8% from the same period last year to 615 million yen. The progress rate against the 1.89 billion yen full-year plan was 32.5%, almost the same as the five-year average of 32.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 3.0% from the same period last year to 1.27 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 85 million yen, a 24.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 1.0% in the same period last year to 0.7%.

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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	15,946	343	609	348	13.2	34.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	16,022	349	748	440	16.7	36.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	16,273	337	615	352	13.4	32.5	Nov 7, 2024	J-GAAP
YoY	+1.6%	-3.4%	-17.8%	-20.0%	-20.0%

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	－	5	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	16,273	337	615	352	13.4	5	Nov 7, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	16,603	1,032	1,314	746	28.3	10	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,817	1,053	1,275	738	28.0	10	Nov 7, 2024	J-GAAP
YoY	+1.3%	+2.0%	-3.0%	-1.1%	-1.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	32,713	1,233	1,773	1,065	40.4	15	May 11, 2023	J-GAAP
Mar, 2024	32,625	1,381	2,062	1,186	45.0	15	May 10, 2024	J-GAAP
Mar, 2025 Guidance	33,090	1,390	1,890	1,090	41.3	15	May 10, 2024	J-GAAP
YoY	+1.4%	+0.7%	-8.3%	-8.1%	-8.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,609	77	113	12	0.5	1.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	8,215	575	792	480	18.2	7.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	8,388	457	522	266	10.1	5.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	8,418	281	530	343	13.0	3.3	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	7,855	56	85	9	0.3	0.7	Nov 7, 2024	J-GAAP
YoY	+3.2%	-27.3%	-24.8%	-25.0%	-26.1%