Financial Results for FY2023
(ended August 31, 2023)
Weathernews Inc
October 6, 2023
1.Q1 FY2023 Results
Summary of financial results
【Net sales】 5,580 MJPY(+6.8% Y/Y)
Mobile, Sea and Land businesses drive sales growth.
【Operating profit】 415 MJPY (△12.1% Y/Y)
Profit decreased due to increased upfront advertising investment and personnel expenses.
(Millions of Yen) | 2023.5 | 2024.5 | Y/Y | |
Q1 Actual | Q1 Actual | |||
Net sales | 5,225 | 5,580 | +6.8% | |
Operating profit | 472 | 415 | △12.1% | |
Margin(%) | 9.0 | 7.4 | △1.6Pt | |
Ordinary profit | 525 | 443 | △15.7% | |
Profit attributable to | 369 | 428 | +16.1% | |
owners of parent | ||||
EPS (JPY) | 33.5 | 38.9 | +5.4JPY | |
FOREX Rates (JPY/USD) | 133.6 | 142.5 | +8.9JPY | 2 |
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1.Q1 FY2023 Results
Operating Profit Analysis (Y/Y)
- Sales promotion expenses increased due to intensive advertising investment due to the occurrence of weather topics such as heavy rain and typhoons.
- Increased personnel expenses regarding overseas business promotion and IT development.
- Communication expenses increased due to cloud-based service development.
- Other expenses such as travel expenses and outsourcing expenses increased.
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1.Q1 FY2023 Results
Sales by Segment
Millions | 2022.5 Q1 | 2023.5 Q1 | Y/Y | Business environment and results | |
of Yen | Actual | Actual | (%) | ||
・While vessel supply has recovered by easing of demurrage, market conditions is still weak | |||||
Sea | 1,378 | 1,411 | 2.4 | due to a decline in cargo demand. | |
Planning | ・Although the number of services provided in Europe decreased, but the sales increased | ||||
due to the impact of exchange rates and expansion of OSR-e. | |||||
・Numbers of airline passenger continue to recover on both domestic and international | |||||
Sky | 334 | 301 | △9.8 | routes by the removal of movement restrictions. | |
Planning | ・Although our sales in airline markets also recovered, total sales decreased due to the | ||||
temporary impact that occurred in Q1 of last FY. | |||||
Land | The need for extreme weather information increases from the perspective of ensuring | ||||
734 | 802 | 9.3 | safety in logistics. In expressway market, the revenue increased by providing services that | ||
Planning | |||||
takes regional weather characteristics into account. | |||||
Environment | The need of weather information for energy is increasing globally. | ||||
225 | 286 | 27.1 | ・Sales increased by expanding forecasting service regarding renewable energy and | ||
Planning | |||||
electricity demand. | |||||
Other BtoB | 7 | 22 | 182.6 | ・In Climate tech business, expand sales of climate change risk analysis service "Climate | |
Impact" mainly to domestic companies. | |||||
Mobile・Inter | ・The number of app users has increased due to the investment in TV commercials and web | ||||
net | 2,011 | 2,229 | 10.8 | advertising. As growing interest in weather, we increased sales by improving user | |
Planning | satisfaction and usage through enriching app content. | ||||
Broadcast | ・Although the need of information about extreme weather is increasing, customers | ||||
532 | 525 | △1.3 | continue to review their costs as business environment changes. We promoted efforts to | ||
Planning | |||||
improve the efficiency of service operations and build new services. | |||||
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1.Q1 FY2023 Results
Sea Planning business
・Although the number of services provided in Europe decreased, sales increased due to sales expansion of OSR-e and the impact of foreign exchange rates.
・The number of voyages offered increased due to the recovery of container market conditions and the impact of typhoons.
Number of Voyages provided (line)
Number of voyages provided for routing services (OSR, OSR-Lite,OSR-e)
Ship Services (Other than routing)
Redefined the conventional "ocean-going vessel (Others) as "Services for marine vessels . NAR sales is included here as this has different billing formats from routing services.
Routing Service
This mainly refers to sales of routing services where sales are generated for each voyage. The number of voyages has a correlation with market conditions.
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Weathernews Inc. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 06:25:18 UTC.