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

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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	ー	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	41,657	-1,160	-1,047	-852	-20.4	ー	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	ー	ー	ー	ー	－	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%