東京通信グループ's consolidated ordinary profit for January-September 2024 (cumulative third quarter) fell 58.2% year on year to ¥273 million, while July-September ordinary profit fell 98.7% to ¥7 million. Progress against the full-year plan exceeded 105.0%, and the full-year outlook was revised upward to ¥7.5 billion. Fourth-quarter profit is expected to turn into a ¥13 million loss, although the full-year plan could be exceeded if the fourth quarter remains at the same level as the third quarter.
東京通信グループ announced its results after the market close on 11 November. January-September ordinary profit fell 58.2% year on year to ¥273 million, while ordinary profit for the most recent 3-month period, July-September, fell 98.7% year on year to ¥7 million. Progress against the full-year plan was 105.0%, and the full-year revenue outlook was described as being on track to set a new record high.
Looking at the most recent 3-month results in detail, the operating margin on sales deteriorated from 2.6% in the same period of the previous year to 1.8%. The company explained that growth and investment in its media, platform and fan-business segments had an impact, while its forecasts for profit at each stage for the full year were unchanged.
The company revised its full-year outlook to ¥7,500 million. This was reportedly intended to reallocate growth investment flexibly against the backdrop of expectations that full-year revenue would reach a new record high. For the upcoming fourth quarter, however, the company indicated an expected loss of ¥13 million based on the current sales and cost structure. It also stated that the full-year plan could be exceeded if fourth-quarter performance remains at the same level as the third quarter.