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WOWOW INC., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

Thu Oct 31, 2024 1:30 pm JST Earnings

4839 WOWOW INC. 【J-GAAP】

Earnings Report

WOWOW INC. <4839> [TSE-P] announced its financial results in the afternoon session on October 31st (13:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 179 million yen (compared to a profit of 720 million yen in the same period last year).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to significant drop by 51.9% from the same period last year to 179 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 1.28 billion yen (compared to a profit of 269 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.8% in the same period last year to -1.0%.

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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
Apr - Sep, 2022 38,463 2,131 2,065 1,333 46.5 58.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 36,614 1,039 1,467 720 25.6 71.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 37,361 1,212 1,605 -179 -6.4 107.0 Oct 31, 2024 J-GAAP
YoY +2.0% +16.7% +9.4% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 37,100 900 1,400 -200 -7.1 0 Sep 27, 2024 J-GAAP
Apr - Sep, 2024 Results 37,361 1,212 1,605 -179 -6.4 0 Oct 31, 2024 J-GAAP
Revision Rate +0.7% +34.7% +14.6% +10.5% +9.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 75,500 700 1,500 0 0.0 30 Sep 27, 2024 J-GAAP
Mar, 2025 New 75,600 700 1,500 0 0.0 30 Oct 31, 2024 J-GAAP
Revision Rate +0.1% 0.0% 0.0% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 38,255 411 590 372 13.2 30 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 38,239 -512 -105 179 0.0 30 Oct 31, 2024 J-GAAP
YoY 0.0% － － -51.9% －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 77,101 3,225 3,547 2,398 83.8 50 May 15, 2023 J-GAAP
Mar, 2024 74,869 1,450 2,057 1,092 38.8 30 May 15, 2024 J-GAAP
Mar, 2025 Guidance 75,600 700 1,500 0 0.0 30 Oct 31, 2024 J-GAAP
YoY +1.0% -51.7% -27.1% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,300 508 735 269 9.6 2.8 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 18,720 1,385 1,516 1,037 36.9 7.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 19,535 -974 -926 -665 -23.6 -5.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 18,791 1,398 1,653 1,107 39.3 7.4 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 18,570 -186 -48 -1,286 -45.8 -1.0 Oct 31, 2024 J-GAAP
YoY +1.5% － － － －

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