Broadmedia Backs Take-Private Tender Offer as H1 Net Profit Rises 38.4%; Year-End Dividend Scrapped

Studio returns to profit, technology grows

Broadmedia Corporation (TSE: 4347) reported consolidated results for the first half of FY3/2027, April 1 to September 30, 2026, on October 29, 2026 under Japanese GAAP. It sold its stake in Tsuri Vision at the end of the last fiscal year, closing the broadcasting segment, which explains the lower sales. Technology, its largest segment, grew sales 11.4% to ¥3,414 million and profit 10.9% to ¥406 million on strong Akamai security and CDN services. Studio & Production, which makes Japanese subtitles and dubbing, grew sales 31.2% to ¥875 million on large orders in the second quarter and swung to a profit of ¥42 million from a ¥48 million loss. Education, which runs the Renaissance online high schools and the TECH CAMP programming school, held sales at ¥2,737 million and profit at ¥424 million. Net profit was also helped by a ¥55 million gain on selling the company's professional esports team on July 1. Earnings per share were ¥52.17 against ¥37.69.

Tender offer and dividend

Conditional on the NSSK-EPSILON1 tender offer succeeding, Broadmedia revised its FY3/2027 year-end dividend forecast to zero, against ¥60 paid for the previous year; the terms of the offer were set out in a separate release the same day. The full-year earnings forecast is unchanged at net sales of ¥14,500 million (−8.2%), operating profit of ¥1,100 million (+3.5%) and net profit of ¥890 million (+13.8%). Total assets rose 8.7% to ¥10,606 million, largely on deposits held for government tuition support at the high schools, and the equity ratio was 47.2% against 51.9%; operating cash flow was ¥623 million, against an outflow of ¥579 million a year earlier.

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