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Golf Digest Online, Continue Net Income Turns to Loss

Fri Feb 14, 2025 3:30 pm JST Earnings

3319 Golf Digest Online Inc. 【J-GAAP】

Earnings Report

Golf Digest Online Inc. <3319> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated net income/loss for the fiscal year ending December 2024 turned into a loss of 1.69 billion yen (compared to a profit of 0.15 billion yen in the previous period). In the fiscal year ending December 2025, the loss is nearly flat with a slight increase of loss of 1.78 billion yen.

At the same time, the company has decided to forego the previously undecided year-end lump-sum dividend, and has left the annual dividend for the current term undetermined.

In the most recent three-month period, from October to December (4Q), the consolidated net income surged 24 times that of the same period last year, reaching 0.49 billion yen. However, the operating profit margin worsened from 4.6% in the same period last year to 2.9%.

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Actual Results

Historical Performance
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 52,918 380 353 158 -13.0 4 Feb 14, 2024 J-GAAP
Dec, 2024 57,006 -823 -862 -1,698 -117.9 0 Feb 14, 2025 J-GAAP
YoY +7.7% -808.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance Nov 12, 2024 J-GAAP
Dec, 2024 Results 57,006 -823 -862 -1,698 -117.9 0 Feb 14, 2025 J-GAAP
Revision Rate

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 27,918 -1,104 -480 -1,040 -68.6 0 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance Feb 14, 2025 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 52,918 380 353 158 -13.0 4 Feb 14, 2024 J-GAAP
Dec, 2024 57,006 -823 -862 -1,698 -117.9 0 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 59,300 -425 -1,340 -1,780 -97.8 Feb 14, 2025 J-GAAP
YoY +4.0% +48.4% -55.5% -4.8% +17.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 14,535 670 85 21 -4.4 4.6 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
Oct - Dec, 2024 15,262 446 923 495 34.4 2.9 Feb 14, 2025 J-GAAP
YoY +5.0% -33.4% +985.9% +2,257.1%

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