WOWOW INC. (the "Company") expects to record non-operating income (share of profit of entities accounted for using equity method) and extraordinary losses (impairment losses) in the year ending March 31, 2025. Also, based on recent business performance and other factors, the Company has revised its full-year financial results forecast (consolidated/non-consolidated) announced on October 31, 2024, as follows.
1. Recording of non-operating income (share of profit of entities accounted for using equity method)
The Company plans to record 373 million yen of share of profit of entities accounted for using equity method as non-operating income based on the financial statements of Broadcasting Satellite Systems Corporation. The impact of this share of profit of entities accounted for using equity method has already been incorporated into the full-year financial results forecast (consolidated) announced on October 31, 2024.
2.Recording of extraordinary losses (impairment losses)
After considering the future recoverability of goodwill and intangible assets at the Company's consolidated subsidiary, Frost International Corporation, based on recent performance trends and other factors, it is planned to record 586 million yen of impairment losses as extraordinary losses.
3. Revisions to consolidated financial results forecast for the year ending March 31, 2025（from April 1, 2024 to March 31, 2025）
| Revenue | Operating Income | Ordinary Income | Profit Attributable to Owners of Parent |
Net Income per Share | |
| Previously announced forecast (A) | millions of yen 75,600 |
millions of yen 700 |
millions of yen 1,500 |
millions of yen 0 |
yen 0.00 |
| Revised forecast (B) | 76,700 | 2,000 | 2,900 | 600 | 21.25 |
| Change (B-A) | 1,100 | 1,300 | 1,400 | 600 | |
| Change (％) | 1.5 | 185.7 | 93.3 | ー | |
| (Reference) Actual consolidated results for the previous fiscal year (Fiscal year ending March 31, 2024) |
74,869 | 1,450 | 2,057 | 1,092 | 38.79 |
4. Revisions to non-consolidated financial results forecast for the year ending March 31, 2025（from April 1, 2024 to March 31, 2025）
| Revenue | Ordinary Income | Net Income | Net Income per Share | |
| Previously announced forecast (A) | millions of yen 63,200 |
millions of yen 800 |
millions of yen -400 |
yen -14.16 |
| Revised forecast (B) | 63,600 | 2,200 | 600 | 21.25 |
| Change (B-A) | 400 | 1,400 | 1,000 | |
| Change (％) | 0.6 | 175.0 | ー | |
| (Reference) Actual non-consolidated results for the previous fiscal year (Fiscal year ending March 31, 2024) |
64,347 | 1,931 | 1,114 | 39.57 |
5. Reason for revision
(Consolidated)
Revenue is expected to exceed the previous forecast since non-consolidated sales and consolidated sales to outside the group are higher than expected.
Ordinary income is expected to exceed the previous forecast due to an increase in non-consolidated income.
Net income is expected to exceed the previous forecast due to an increase in ordinary income and other factors, despite the planned recording of impairment losses described in "2. Extraordinary losses (impairment losses)."
(Non-consolidated)
Revenue is expected to exceed the previous forecast since other revenue is higher than expected.
Profits are expected to exceed the previous forecast due to an increase in other revenue and effective investment in expenses.
Note: The above forecast was created based on the information available as of the date of announcement. Actual results may vary from the forecast due to various future factors.
End
| Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. |