WOWOW, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 26%, Exceeds Full-Year Plan

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Fri Jan 31, 2025 1:30 pm JST Earnings

4839 WOWOW INC. 【J-GAAP】

Earnings Report

WOWOW INC. <4839> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 26.2% from the same period last year to 2.2 billion yen. However, the progress rate toward the full-year plan of 1.5 billion yen is 146.7%, already exceeding the target and also exceeding the five-year average of 118.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to further decrease loss of 0.7 billion yen (compared to a loss of 0.92 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.59 billion yen, a 60.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.4% in the same period last year to 1.5%.

Kabutan News

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
Apr - Dec, 2022	57,633	4,131	4,181	2,807	97.9	117.9	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	55,334	2,424	2,983	1,757	62.5	145.0	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	56,444	1,497	2,201	689	24.4	146.7	Jan 31, 2025	J-GAAP
YoY	+2.0%	-38.2%	-26.2%	-60.8%	-60.9%

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	38,255	411	590	372	13.2	30	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	38,239	-512	-105	179	0.0	30	Oct 31, 2024	J-GAAP
YoY	0.0%	－	－	-51.9%	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	77,101	3,225	3,547	2,398	83.8	50	May 15, 2023	J-GAAP
Mar, 2024	74,869	1,450	2,057	1,092	38.8	30	May 15, 2024	J-GAAP
Mar, 2025 Guidance	75,600	700	1,500	0	0.0	30	Oct 31, 2024	J-GAAP
YoY	+1.0%	-51.7%	-27.1%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	18,720	1,385	1,516	1,037	36.9	7.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	19,535	-974	-926	-665	-23.6	-5.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	18,791	1,398	1,653	1,107	39.3	7.4	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	18,570	-186	-48	-1,286	-45.8	-1.0	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	19,083	285	596	868	30.8	1.5	Jan 31, 2025	J-GAAP
YoY	+1.9%	-79.4%	-60.7%	-16.3%	-16.6%