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WOWOW, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 26%, Exceeds Full-Year Plan

Fri Jan 31, 2025 1:30 pm JST Earnings

4839 WOWOW INC. 【J-GAAP】

Earnings Report

WOWOW INC. <4839> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 26.2% from the same period last year to 2.2 billion yen. However, the progress rate toward the full-year plan of 1.5 billion yen is 146.7%, already exceeding the target and also exceeding the five-year average of 118.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to further decrease loss of 0.7 billion yen (compared to a loss of 0.92 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.59 billion yen, a 60.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.4% in the same period last year to 1.5%.

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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
Apr - Dec, 2022 57,633 4,131 4,181 2,807 97.9 117.9 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 55,334 2,424 2,983 1,757 62.5 145.0 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 56,444 1,497 2,201 689 24.4 146.7 Jan 31, 2025 J-GAAP
YoY +2.0% -38.2% -26.2% -60.8% -60.9%

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
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
Oct - Dec, 2024 19,083 285 596 868 30.8 1.5 Jan 31, 2025 J-GAAP
YoY +1.9% -79.4% -60.7% -16.3% -16.6%

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