Golf Digest Online Inc., January-September (Third Quarter Cumulative) Net Income Turns to Loss, Financial results for changed to Undetermined

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Tue Nov 12, 2024 3:30 pm JST Earnings

3319 Golf Digest Online Inc. 【J-GAAP】

Earnings Report

Golf Digest Online Inc. <3319> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 2.19 billion yen (compared to a profit of 137 million yen in the same period last year). As of the end of September, the company fell into a state of excessive liabilities of 217 million yen.

In addition, the company has withdrawn its previous forecast of loss of 600 million yen in consolidated net income/loss for and has changed it to undetermined.

In the most recent three-month period, from July to September (3Q), the consolidated net loss expanded to a loss of 1.15 billion yen (compared to a loss of 140 million yen in the same period last year). The operating profit/loss margin worsened from -0.4% in the same period last year to -1.2%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	33,205	921	1,026	1,446	79.3	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	38,383	-290	268	137	-8.6	ー	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	41,744	-1,269	-1,785	-2,193	-138.6	ー	Nov 12, 2024	J-GAAP
YoY	+8.8%	-337.6%	－	－	-1,521.4%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	29,582	1,904	480	440	24.2	－	Aug 8, 2024	J-GAAP
Jul - Dec, 2024 New	ー	ー	ー	ー	－	－	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	57,500	800	0	-600	-33.0	－	Feb 14, 2024	J-GAAP
Dec, 2024 New	ー	ー	ー	ー	－	－	Nov 12, 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
Jul - Dec, 2023	20,758	1,428	-433	62	3.0	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	－	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	46,090	1,189	-175	339	16.4	9.50	Feb 14, 2023	J-GAAP
Dec, 2023	46,090	1,189	-175	339	16.4	4	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	ー	ー	ー	ー	－	－	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,051	-51	10	-140	-13.2	-0.4	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	7,707	1,479	-443	202	9.8	19.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	12,959	-916	-619	-823	-51.1	-7.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	14,959	-188	139	-217	-14.3	-1.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	13,826	-165	-1,305	-1,153	-72.9	-1.2	Nov 12, 2024	J-GAAP
YoY	+5.9%	-223.5%	－	-723.6%	-454.3%