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Golf Digest Online Inc., January-September (Third Quarter Cumulative) Net Income Turns to Loss, Financial results for changed to Undetermined

Tue Nov 12, 2024 3:30 pm JST Earnings

3319 Golf Digest Online Inc. 【J-GAAP】

Earnings Report

Golf Digest Online Inc. <3319> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 2.19 billion yen (compared to a profit of 137 million yen in the same period last year). As of the end of September, the company fell into a state of excessive liabilities of 217 million yen.

In addition, the company has withdrawn its previous forecast of loss of 600 million yen in consolidated net income/loss for and has changed it to undetermined.

In the most recent three-month period, from July to September (3Q), the consolidated net loss expanded to a loss of 1.15 billion yen (compared to a loss of 140 million yen in the same period last year). The operating profit/loss margin worsened from -0.4% in the same period last year to -1.2%.

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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
Jan - Sep, 2022 33,205 921 1,026 1,446 79.3 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 38,383 -290 268 137 -8.6 75.9 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 41,744 -1,269 -1,785 -2,193 -138.6 Nov 12, 2024 J-GAAP
YoY +8.8% -337.6% -1,521.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 29,582 1,904 480 440 24.2 Aug 8, 2024 J-GAAP
Jul - Dec, 2024 New Nov 12, 2024 J-GAAP
Revision Rate

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 57,500 800 0 -600 -33.0 Feb 14, 2024 J-GAAP
Dec, 2024 New Nov 12, 2024 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, 2023 27,586 619 95 -119 9.8 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance Nov 12, 2024 J-GAAP
YoY

Current Period Guidance

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 Guidance Nov 12, 2024 J-GAAP
YoY

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,051 -51 10 -140 -13.2 -0.4 Nov 13, 2023 J-GAAP
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
YoY +5.9% -223.5% -723.6% -454.3%

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