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TV Asahi, The Current Fiscal Year Ordinary Profit Revised Upward by 18%

Fri Feb 7, 2025 3:00 pm JST Earnings

9409 TV Asahi Holdings Corporation 【J-GAAP】

Earnings Report

TV Asahi Holdings Corporation <9409> [TSE Prime] announced its financial results in the afternoon session on February 7th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 26.6% from the same period last year, reaching 19.6 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 18.2%, from the previous forecast of 22 billion yen to 26 billion yen (compared to 19.9 billion yen in the previous period), increasing the growth rate from 10.4% to 30.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 34.9%, from the previous forecast of 11.4 billion yen to 15.4 billion yen (compared to 11.2 billion yen in the same period of the previous year), increasing the growth rate from 1.6% to 37.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 32.4% from the same period last year, reaching 9.09 billion yen. The operating profit margin improved from 6.1% in the same period last year to 8.4%.

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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
Apr - Dec, 2022 226,167 13,223 20,828 15,308 150.7 89.9 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 227,630 9,249 15,510 14,751 145.2 77.9 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 238,045 13,118 19,638 19,261 189.5 75.5 Feb 7, 2025 J-GAAP
YoY +4.6% +41.8% +26.6% +30.6% +30.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 158,165 9,953 11,458 12,301 121.0 30 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 165,165 12,953 15,458 16,301 160.4 30 Feb 7, 2025 J-GAAP
Revision Rate +4.4% +30.1% +34.9% +32.5% +32.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 312,000 16,000 22,000 20,000 196.8 50 Nov 8, 2024 J-GAAP
Mar, 2025 New 319,000 19,000 26,000 24,000 236.2 50 Feb 7, 2025 J-GAAP
Revision Rate +2.2% +18.8% +18.2% +20.0% +20.0%

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 165,165 12,953 15,458 16,301 160.4 30 Feb 7, 2025 J-GAAP
YoY +2.5% +61.9% +37.1% +54.9% +54.9%

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 319,000 19,000 26,000 24,000 236.2 50 Feb 7, 2025 J-GAAP
YoY +3.6% +54.0% +30.5% +40.0% +40.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 84,210 7,071 9,096 11,562 113.8 8.4 Feb 7, 2025 J-GAAP
YoY +4.2% +43.9% +32.4% +42.1% +42.1%

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