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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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	242.2	80	May 15, 2024	J-GAAP
Mar, 2025 New	153,000	7,000	7,400	5,200	193.7	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	130.8	65	Nov 7, 2024	J-GAAP
YoY	+2.0%	-17.9%	-17.1%	-6.5%	-5.6%

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	193.7	80	Nov 7, 2024	J-GAAP
YoY	+3.0%	-20.8%	-22.9%	-22.8%	-22.0%

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%