TV Asahi Holdings Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 10%

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Fri Nov 8, 2024 3:30 pm JST Earnings

9409 TV Asahi Holdings Corporation 【J-GAAP】

Earnings Report

TV Asahi Holdings Corporation <9409> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.0% from the same period last year, reaching 10.5 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 10.0%, from the previous forecast of 20 billion yen to 22 billion yen (compared to 19.9 billion yen in the previous period), increasing the growth rate from 0.4% to 10.4%.

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 grow by 1.6% from the same period last year, reaching 11.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.6% from the same period last year, reaching 3.19 billion yen. The operating profit margin improved from 0.8% in the same period last year to 1.7%.

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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	144,775	7,340	12,438	9,306	91.6	53.7	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	146,829	4,336	8,641	6,613	65.1	43.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	153,835	6,047	10,542	7,699	75.8	47.9	Nov 8, 2024	J-GAAP
YoY	+4.8%	+39.5%	+22.0%	+16.4%	+16.4%

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	－	20	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	153,835	6,047	10,542	7,699	75.8	20	Nov 8, 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	309,000	13,000	20,000	18,000	177.1	50	May 10, 2024	J-GAAP
Mar, 2025 New	312,000	16,000	22,000	20,000	196.8	50	Nov 8, 2024	J-GAAP
Revision Rate	+1.0%	+23.1%	+10.0%	+11.1%	+11.1%

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	161,069	8,001	11,278	10,525	103.6	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	158,165	9,953	11,458	12,301	121.0	30	Nov 8, 2024	J-GAAP
YoY	-1.8%	+24.4%	+1.6%	+16.9%	+16.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	304,566	14,503	23,157	16,603	163.4	50	May 12, 2023	J-GAAP
Mar, 2024	307,898	12,337	19,919	17,138	168.7	60	May 10, 2024	J-GAAP
Mar, 2025 Guidance	312,000	16,000	22,000	20,000	196.8	50	Nov 8, 2024	J-GAAP
YoY	+1.3%	+29.7%	+10.4%	+16.7%	+16.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	75,240	629	2,692	2,318	22.8	0.8	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	80,801	4,913	6,869	8,138	80.1	6.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	80,268	3,088	4,409	2,387	23.5	3.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	77,586	4,763	7,350	5,223	51.4	6.1	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	76,249	1,284	3,192	2,476	24.4	1.7	Nov 8, 2024	J-GAAP
YoY	+1.3%	+104.1%	+18.6%	+6.8%	+6.8%