Ateam Holdings (3662) Q1 2024 earnings summary

Executive summary

• Q1 FY2024 revenue fell 16.3% YoY to ¥5,974 million, mainly after the March 2023 transfer of cyma; operating loss was ¥170 million and net loss was ¥142 million.

• Growth priorities include expanding digital marketing, M&A, improving investment returns, and restoring profitability in weaker businesses.

Financial highlights

• Revenue was ¥5,974 million; operating loss was ¥170 million, ordinary loss ¥137 million, and net loss attributable to parent shareholders ¥142 million.

• Gross profit was ¥5,079 million versus ¥5,642 million YoY; SG&A was ¥5,250 million versus ¥5,428 million.

• Revenue was 83.7% of prior-year Q1; operating income shifted from ¥213 million to a loss, and net income from ¥120 million to a loss.

Outlook and guidance

• FY2024 forecasts: revenue ¥28,700 million, operating income ¥600 million, ordinary income ¥600 million, and net income ¥780 million; net income guidance rose from ¥360 million after the Lalune sale.

• FY2024 annual dividend guidance remains ¥16 per share; Q1 and Q2 dividends are ¥0.

• FY2025 growth plans target ¥2.6–3.1 billion operating income, with planned profit increases across investment businesses and bridal services.

• Investment returns are expected by FY2025; total investment will be capped to limit exposure if payback is delayed.