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SM ENTERTAINMENT, First Half Ordinary Profit Decreases by 57%

Mon Aug 4, 2025 3:30 pm JST Earnings

4772 SM ENTERTAINMENT JAPAN Co.,Ltd. 【J-GAAP】

Earnings Report

SM ENTERTAINMENT JAPAN Co.,Ltd. <4772> [TSE Growth] announced its financial results after the market closed on August 4th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) significantly dropped 56.7% from the same period last year to 142 million yen. Progress toward the full-year plan of 409 million yen was 34.7%, also falling below the same period of the previous year of 87.7%.

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 July to December period (second half) is expected to surge 5.8 times that of the same period last year, reaching 267 million yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit grew 3.3% from the same period last year, reaching 95 million yen. However, the operating profit margin worsened from 4.0% in the same period last year to 3.6%.

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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
Jan - Jun, 2023 4,864 276 283 244 2.1 148.2 Aug 2, 2023 J-GAAP
Jan - Jun, 2024 5,193 318 328 284 2.5 87.7 Aug 5, 2024 J-GAAP
Jan - Jun, 2025 4,867 138 142 365 3.2 34.7 Aug 4, 2025 J-GAAP
YoY -6.3% -56.6% -56.7% +28.5% +28.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 0 Feb 5, 2025 J-GAAP
Jan - Jun, 2025 Results 4,867 138 142 365 3.2 0 Aug 4, 2025 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, 2024 4,523 46 46 503 4.4 1 Feb 5, 2025 J-GAAP
Jul - Dec, 2025 Guidance 4,999 267 267 40 0.3 2 Aug 4, 2025 J-GAAP
YoY +10.5% +480.4% +480.4% -92.0% -92.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 8,910 181 191 261 2.3 0 Feb 6, 2024 J-GAAP
Dec, 2024 9,716 364 374 787 6.8 1 Feb 5, 2025 J-GAAP
Dec, 2025 Guidance 9,866 405 409 405 3.5 2 Feb 5, 2025 J-GAAP
YoY +1.5% +11.3% +9.4% -48.5% -48.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 2,137 86 92 83 0.7 4.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 2,328 45 37 23 0.2 1.9 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 2,195 1 9 480 4.2 0.0 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 2,180 42 47 41 0.4 1.9 May 2, 2025 J-GAAP
Apr - Jun, 2025 2,687 96 95 324 2.8 3.6 Aug 4, 2025 J-GAAP
YoY +25.7% +11.6% +3.3% +290.4% +288.9%

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