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SM ENTERTAINMENT JAPAN hits daily limit up as Q1 net profit exceeds full-year plan amid major concerts
SM ENTERTAINMENT JAPAN <4772> surged to the daily limit high of 120 yen in the afternoon session. The company announced its consolidated financial results for the first quarter ended March 31 at 1:30 p.m. on May 1. Revenue increased 47.0% year-on-year to 3.2 billion yen, while net profit surged 6.3-fold to 262 million yen. The massive profit growth, which saw net profit already exceeding the full-year target, served as a strong positive catalyst. In the entertainment segment, major concerts by key artists drove significant revenue gains. The company held 21 concerts during the January-March period, attracting approximately 340,000 attendees.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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