Aeria faced a tough second quarter for the fiscal year ending December 2024, reporting declines across key financial indicators. The company’s revenue fell 19.7% year-on-year to ¥9.543 billion, resulting in an operating loss of ¥370 million, a sharp reversal from the ¥437 million profit recorded in the same period last year. Ordinary and net profits also turned negative, with losses of ¥242 million and ¥286 million, respectively.
The IT Services segment saw a 22.7% drop in sales to ¥881 million, largely due to lower payment processing and affiliate advertising revenues from First Penguin. This led to an operating loss of ¥48 million. In the Content Business, sales decreased by 9.5% to ¥4.701 billion, with an operating loss of ¥506 million as existing content underperformed and new content development costs increased, despite a rise in event-related sales.
The Asset Management Business also struggled, with a 28.3% reduction in sales to ¥3.998 billion and a 38.3% drop in operating profit to ¥183 million, attributed to delays in completing investment properties for sale.
Despite these challenges, Aeria is sticking with its full-year forecast, anticipating ¥23 billion in sales, up 1.4% from last year, and an operating profit of ¥800 million, a 67.9% increase. However, ordinary profit is expected to decrease by 7.0% to ¥700 million, with net profit projected to rise 4.1% to ¥500 million.
