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TV TOKYO Holdings Corporation, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 23% Decrease

Thu Nov 7, 2024 3:50 pm JST Earnings

9413 TV TOKYO Holdings Corporation 【J-GAAP】

Earnings Report

TV TOKYO Holdings Corporation <9413> [TSE-P] announced its financial results after the market closed on November 7th (15:50). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 34.0% from the same period last year to 2.18 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 23.0%, from the previous forecast of 9.61 billion yen to 7.4 billion yen (compared to 9.59 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 22.9% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 17.1% from the same period last year to 5.21 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 814 million yen, a 52.9% decrease compared to the same period last year. The operating profit margin worsened from 4.6% in the same period last year to 2.3%.

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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 71,320 4,737 4,939 3,292 119.2 52.7 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 70,957 2,747 3,304 2,982 109.8 34.4 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 73,781 2,003 2,182 1,690 62.6 29.5 Nov 7, 2024 J-GAAP
YoY +4.0% -27.1% -34.0% -43.3% -43.0%

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 － 15 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 73,781 2,003 2,182 1,690 62.6 15 Nov 7, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 155,000 9,000 9,610 6,500 243.3 80 May 15, 2024 J-GAAP
Mar, 2025 New 153,000 7,000 7,400 5,200 194.6 80 Nov 7, 2024 J-GAAP
Revision Rate -1.3% -22.2% -23.0% -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
Oct - Mar, 2023 77,630 6,089 6,295 3,754 138.5 65 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 79,219 4,997 5,218 3,510 131.4 65 Nov 7, 2024 J-GAAP
YoY +2.0% -17.9% -17.1% -6.5% -5.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 150,963 9,229 9,378 6,724 244.1 80 May 11, 2023 J-GAAP
Mar, 2024 148,587 8,836 9,599 6,736 248.4 80 May 15, 2024 J-GAAP
Mar, 2025 Guidance 153,000 7,000 7,400 5,200 194.6 80 Nov 7, 2024 J-GAAP
YoY +3.0% -20.8% -22.9% -22.8% -21.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 36,029 1,662 1,730 1,101 40.5 4.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 39,096 3,007 3,159 2,171 80.0 7.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 38,534 3,082 3,136 1,583 58.4 8.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 35,771 1,142 1,368 896 33.1 3.2 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 38,010 861 814 794 29.4 2.3 Nov 7, 2024 J-GAAP
YoY +5.5% -48.2% -52.9% -27.9% -27.4%

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