V-Shaped Recovery Earnings Plan for the Fiscal Year Ending March 2024

「For the consolidated fiscal year, revenue was ¥9,920,106 thousand, up 45.1% year on year, operating loss was ¥699,745 thousand, ordinary loss was ¥790,919 thousand, net loss attributable to owners of the parent was ¥1,180,874 thousand, and EBITDA, which the group regards as one of its key indicators of sustained growth, was ¥492,857 thousand, down 51.7% year on year.」

「In light of the situation through the cumulative third-quarter period described above, as well as plans to accelerate upfront investment in new business areas during the fourth quarter to expand the business scope from the next fiscal year onward, we expect consolidated revenue of ¥10,000 million, a consolidated operating loss of ¥600 million, a consolidated ordinary loss of ¥700 million, a net loss attributable to owners of the parent of ¥800 million and EBITDA of ¥600 million for the consolidated fiscal year from 1 April 2023 to 31 March 2024.」

「During the first six months of the fiscal year, revenue increased substantially from the first six months of the previous fiscal year due to the contribution from consolidating 株式会社ライブドア, which became a subsidiary on 28 December 2022, with 31 December 2022 as the deemed acquisition date, synergies with the Company’s existing assets, and autonomous growth in the Solutions Business. In terms of earnings, however, the Company remained in the process of recovering from short-term earnings pressure.」

「During the cumulative first-quarter period, the company was in the process of recovering earnings toward a V-shaped recovery from the short-term factors that had pressured profit in the previous consolidated fiscal year. As the earnings outlook was weighted toward the second half, performance was broadly in line with the plan.」

「For the consolidated earnings forecast for the fiscal year ending March 2024, we projected revenue of ¥11,000 million, up 60.9% from the fiscal year ended March 2023, operating profit of ¥1,000 million, up 795.4%, ordinary profit of ¥940 million, compared with an ordinary loss of ¥207 million in the fiscal year ended March 2023, and net income attributable to owners of the parent of ¥900 million, up 23.9% year on year. These forecasts reflected the full-year contribution from 株式会社ライブドア in the media business, steady revenue growth in the solutions business supported by firm market demand, and various streamlining and intra-group resource optimization measures aimed at achieving a V-shaped recovery in earnings. We also forecast planned EBITDA, calculated by adding depreciation and amortization and amortization of goodwill to operating profit, of ¥2,200 million, up 115.8%, with all of these figures planned to reach record highs.」