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Nippon Television Holdings, Inc., First Half Ordinary Profit Increases by 16%, July-September Ordinary Profit Increases by 40%

Thu Nov 7, 2024 3:30 pm JST Earnings

9404 Nippon Television Holdings, Inc. 【J-GAAP】

Earnings Report

Nippon Television Holdings, Inc. <9404> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 16.4% from the same period last year, reaching 24.2 billion yen. The progress rate against the 48 billion yen full-year plan was 50.5%, also surpassing the five-year average of 38.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 17.1% from the same period last year to 23.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 39.6% from the same period last year, reaching 10.6 billion yen. The operating profit margin improved from 6.6% in the same period last year to 8.8%.

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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 199,441 19,302 21,263 14,246 55.9 41.1 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 196,000 16,796 20,846 13,701 53.8 42.1 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 216,873 21,141 24,255 15,968 63.7 50.5 Nov 7, 2024 J-GAAP
YoY +10.6% +25.9% +16.4% +16.5% +18.4%

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 ー ー ー ー － 10 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 216,873 21,141 24,255 15,968 63.7 10 Nov 7, 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
Oct - Mar, 2023 227,523 25,081 28,657 20,959 82.5 30 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 225,127 20,859 23,745 19,032 75.9 30 Nov 7, 2024 J-GAAP
YoY -1.1% -16.8% -17.1% -9.2% -8.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 413,979 46,593 51,775 34,081 133.6 37 May 11, 2023 J-GAAP
Mar, 2024 423,523 41,877 49,503 34,660 136.4 40 May 9, 2024 J-GAAP
Mar, 2025 Guidance 442,000 42,000 48,000 35,000 139.6 40 May 9, 2024 J-GAAP
YoY +4.4% +0.3% -3.0% +1.0% +2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 97,990 6,452 7,643 5,258 20.6 6.6 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 110,219 14,266 16,214 19,473 76.5 12.9 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 117,304 10,815 12,443 1,486 5.9 9.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 106,087 11,438 13,586 10,757 42.9 10.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 110,786 9,703 10,669 5,211 20.8 8.8 Nov 7, 2024 J-GAAP
YoY +13.1% +50.4% +39.6% -0.9% +0.7%

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