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BSN MEDIA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%
9408 BSN MEDIA HOLDINGS, INC. 【J-GAAP】
Earnings ReportBSN MEDIA HOLDINGS, INC. <9408> [TSE Std] announced its financial results after the market closed on February 13th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 5.2% from the same period last year to 0.94 billion yen.
However, the full-year forecast for consolidated ordinary profit has been revised upward 16.4%, from the previous forecast of 1.60 billion yen to 1.86 billion yen (compared to 1.89 billion yen in the previous period), and the declining rate is expected to decrease from 15.4% to 1.5%.
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 (second half) has been revised upward 26.1%, from the previous forecast of 1.01 billion yen to 1.27 billion yen (compared to 1.34 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 24.6% to 4.9%.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.35 billion yen, a 20.4% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 4.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 15,823 | 839 | 960 | 473 | 78.9 | 62.9 | Feb 13, 2024 | J-GAAP |
| Apr - Dec, 2024 | 15,964 | 833 | 996 | 506 | 84.5 | 52.5 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 16,743 | 766 | 944 | 878 | 146.8 | 50.5 | Feb 13, 2026 | J-GAAP |
| YoY | +4.9% | -8.0% | -5.2% | +73.5% | +73.7% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 12,652 | 971 | 1,012 | 585 | 98.3 | 8 | Nov 13, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 14,524 | 1,176 | 1,276 | 997 | 167.5 | 8 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +14.8% | +21.1% | +26.1% | +70.4% | +70.4% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 23,700 | 1,464 | 1,605 | 959 | 161.2 | 16 | May 14, 2025 | J-GAAP |
| Mar, 2026 New | 25,572 | 1,669 | 1,869 | 1,371 | 230.4 | 16 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +7.9% | +14.0% | +16.4% | +43.0% | +43.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 14,155 | 1,265 | 1,342 | 774 | 129.1 | 7 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 14,524 | 1,176 | 1,276 | 997 | 167.5 | 8 | Feb 13, 2026 | J-GAAP |
| YoY | +2.6% | -7.0% | -4.9% | +28.8% | +29.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 23,041 | 1,341 | 1,527 | 694 | 115.7 | 10 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 24,375 | 1,721 | 1,897 | 1,045 | 174.3 | 14 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 25,572 | 1,669 | 1,869 | 1,371 | 230.4 | 16 | Feb 13, 2026 | J-GAAP |
| YoY | +4.9% | -3.0% | -1.5% | +31.2% | +32.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 5,744 | 377 | 441 | 235 | 39.3 | 6.6 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 8,411 | 888 | 901 | 539 | 89.9 | 10.6 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 5,320 | 203 | 280 | 182 | 30.4 | 3.8 | Aug 12, 2025 | J-GAAP |
| Jul - Sep, 2025 | 5,728 | 290 | 313 | 192 | 32.1 | 5.1 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 5,695 | 273 | 351 | 504 | 84.3 | 4.8 | Feb 13, 2026 | J-GAAP |
| YoY | -0.9% | -27.6% | -20.4% | +114.5% | +114.6% |
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