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

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 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%

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