TV Asahi Holdings (9409) Q1 2025 earnings summary

Executive summary

• Net sales for FY25/3 Q1 rose 8.4% year-over-year to ¥77.6 billion, with all segments contributing to growth.

• Operating income increased 28.5% year-over-year to ¥4.76 billion, and profit attributable to owners of the parent rose 21.6% to ¥5.22 billion.

• Comprehensive income was ¥10,864 million, nearly flat compared to the prior year.

• TV Broadcasting, Internet, Shopping, and Other Businesses all posted higher sales and operating income.

Financial highlights

• Net sales: ¥77.6 billion (+8.4% YoY); operating income: ¥4.76 billion (+28.5% YoY); ordinary income: ¥7.35 billion (+23.6% YoY); profit attributable to owners: ¥5.22 billion (+21.6% YoY).

• Gross profit improved to ¥20,390 million from ¥19,117 million YoY.

• Earnings per share increased to ¥51.41 from ¥42.27 YoY.

• Owners' equity ratio stood at 81.3% as of June 30, 2024.

• Capex surged to ¥14.42 billion from ¥1.01 billion YoY; depreciation and amortization slightly decreased.

Outlook and guidance

• FY25/3 full-year forecast: net sales ¥309.0 billion (+0.4% YoY), operating income ¥13.0 billion (+5.4%), profit attributable to owners ¥18.0 billion (+5.0%).

• Annual dividend forecast is ¥50.00 per share, with a stable dividend policy and ongoing consideration of share buybacks.

• TV Broadcasting segment expected to see a slight decline in sales and operating income, while Internet, Shopping, and Other Businesses are forecast to grow.