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ASAHI BROADCASTING GROUP HOLDINGS CORPORATION, First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

Mon Nov 11, 2024 3:00 pm JST Earnings

9405 ASAHI BROADCASTING GROUP HOLDINGS CORPORATION 【J-GAAP】

Earnings Report

ASAHI BROADCASTING GROUP HOLDINGS CORPORATION <9405> [TSE-P] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 1.04 billion yen (compared to a loss of 832 million yen in the same period last year).

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 surge by 2.2 times that of the same period last year, reaching 3.34 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 300 million yen (compared to a loss of 234 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -1.2% in the same period last year to -1.0%.

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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 41,100 293 479 403 9.7 18.0 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 41,776 -992 -832 -673 -16.1 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 41,657 -1,160 -1,047 -852 -20.4 Nov 11, 2024 J-GAAP
YoY -0.3% -16.9% -25.8% -26.6% -26.6%

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 6 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 41,657 -1,160 -1,047 -852 -20.4 6 Nov 11, 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 48,676 1,824 1,555 -211 -5.1 6 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 49,343 3,360 3,347 2,352 56.3 6 Nov 11, 2024 J-GAAP
YoY +1.4% +84.2% +115.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 87,028 2,594 2,661 1,354 32.4 16 May 12, 2023 J-GAAP
Mar, 2024 90,452 832 723 -884 -21.2 12 May 13, 2024 J-GAAP
Mar, 2025 Guidance 91,000 2,200 2,300 1,500 35.9 12 May 13, 2024 J-GAAP
YoY +0.6% +164.4% +218.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 21,538 -258 -234 -245 -5.9 -1.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 24,158 781 870 530 12.8 3.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 24,518 1,043 685 -741 -17.8 4.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 19,552 -935 -747 -533 -12.8 -4.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 22,105 -225 -300 -319 -7.7 -1.0 Nov 11, 2024 J-GAAP
YoY +2.6% +12.8% -28.2% -30.2% -30.3%

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