FUJI MEDIA HOLDINGS, INC., First Half Ordinary Profit Increases by 16%, July-September Ordinary Profit Increases by 7%

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Thu Nov 7, 2024 3:30 pm JST Earnings

4676 FUJI MEDIA HOLDINGS, INC. 【J-GAAP】

Earnings Report

FUJI MEDIA HOLDINGS, INC. <4676> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.9% from the same period last year, reaching 17.6 billion yen. However, The progress rate against the 40.4 billion yen full-year plan was 43.6%, almost the same as the five-year average of 45.8%.

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 4.9% from the same period last year to 22.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.7% from the same period last year, reaching 7.82 billion yen. However, the operating profit margin remained almost flat, changing from 5.5% in the same period last year to 5.3%.

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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	249,112	12,156	16,153	11,735	52.8	41.4	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	267,545	13,021	15,199	10,053	45.5	38.8	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	268,111	13,879	17,612	12,605	59.4	43.6	Nov 7, 2024	J-GAAP
YoY	+0.2%	+6.6%	+15.9%	+25.4%	+30.4%

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	－	25	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	268,111	13,879	17,612	12,605	59.4	25	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	298,898	20,498	23,974	27,029	123.4	24	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	330,189	21,421	22,788	16,395	78.7	25	Nov 7, 2024	J-GAAP
YoY	+10.5%	+4.5%	-4.9%	-39.3%	-36.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	535,641	31,401	39,053	46,855	210.7	50	May 11, 2023	J-GAAP
Mar, 2024	566,443	33,519	39,173	37,082	169.3	48	May 9, 2024	J-GAAP
Mar, 2025 Guidance	598,300	35,300	40,400	29,000	139.2	50	May 9, 2024	J-GAAP
YoY	+5.6%	+5.3%	+3.1%	-21.8%	-17.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	135,266	7,422	7,332	4,884	22.1	5.5	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	142,506	10,580	13,188	9,203	41.8	7.4	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	156,392	9,918	10,786	17,826	81.4	6.3	May 9, 2024	J-GAAP
Apr - Jun, 2024	129,609	6,553	9,792	7,246	33.9	5.1	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	138,502	7,326	7,820	5,359	25.2	5.3	Nov 7, 2024	J-GAAP
YoY	+2.4%	-1.3%	+6.7%	+9.7%	+14.2%