【SK Japan】2024 Fiscal Year Q1 Financial Results: 23.5% Revenue Growth and Profit Expansion

Business Performance Overview

In the first quarter of the 2024 fiscal year, SK Japan recorded sales of ¥4,314 million (up 23.5% YoY), operating profit of ¥427 million (up 3.6%), and net profit attributable to owners of parent of ¥332 million (up 17.6%), demonstrating strong performance exceeding the same period last year. Segment-wise, the Character Entertainment segment continued to perform well, expanding sales and profits through the diversification of product offerings. Meanwhile, the Character & Fancy segment maintained steady sales but experienced a decline in profit margins, resulting in lower overall profit. The financial position remains robust, with total assets increasing to ¥8,576 million from prior period.

Outlook and Impact on Shareholders

The earnings guidance for the current period remains unchanged, with expected sales of ¥17,000 million (up 4.7% YoY) and net profit of ¥1,370 million (up 2.7%). The projected net profit per share, considering share splitting, is forecasted at ¥81.66, with dividends also maintained. Continued growth in the character business and new product launches are expected to ensure stable earnings and future expansion.