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BroadBand Tower, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

Thu Oct 31, 2024 12:30 pm JST Earnings

3776 BroadBand Tower, Inc. 【J-GAAP】

Earnings Report

BroadBand Tower, Inc. <3776> [TSE-S] announced its financial results at noon (12:30) on October 31st. The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 643 million yen (compared to a loss of 208 million yen in the same period last year). The progress rate against the full-year plan of 610 million yen is 105.4%, already exceeding the target and also exceeding the five-year average of 73.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 33 million yen (compared to a profit of 56 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 53 million yen (compared to a loss of 111 million yen in the same period last year). The operating profit/loss margin significantly improved from -2.7% in the same period last year to 1.7%.

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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 10,962 -265 592 486 8.0 111.7 Nov 4, 2022 J-GAAP
Jan - Sep, 2023 9,904 -173 -208 -169 -2.8 ー Nov 2, 2023 J-GAAP
Jan - Sep, 2024 9,732 505 643 480 7.8 105.4 Oct 31, 2024 J-GAAP
YoY -1.7% － － － －

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 6,396 5 -55 186 3.1 1 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 6,646 48 20 -95 -1.6 1 Aug 7, 2024 J-GAAP
YoY +3.9% +860.0% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 14,126 -361 530 -391 -6.4 2 Feb 10, 2023 J-GAAP
Dec, 2023 13,243 -84 -152 99 1.6 2 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 13,250 500 610 310 5.1 2 Aug 7, 2024 J-GAAP
YoY +0.1% － － +213.1% +209.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,057 -84 -111 -82 -1.3 -2.7 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 3,339 89 56 268 4.4 2.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,090 76 167 119 2.0 2.5 May 2, 2024 J-GAAP
Apr - Jun, 2024 3,514 376 423 286 4.7 10.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 3,128 53 53 75 1.2 1.7 Oct 31, 2024 J-GAAP
YoY +2.3% － － － －

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