SM approaches last year's sales of 1 trillion won... Active in the first quarter of this year, including ”RIIZE” and ”NCT DREAM”

SM Entertainment revealed last year's sales and announced the lineup for the first quarter of this year. 7th, SM Entertainment (hereinafter referred to as SM, representative: Jang Chul-hyuk)
announced that it has achieved business results of 960 billion won (approximately 15,085 million yen) in consolidated sales and 115.4 billion won (approximately 12,632 million yen) in operating income in 2023.
Both sales and operating income increased by 13% and 27%, respectively, compared to the previous year. Net income was 115.8 billion won (approximately 12,675.8 million yen), an increase of 41.2% from the previous year.
SM achieved this result due to strong sales of newly released albums and expansion of offline concert lineup by artist.
The number of albums and sound sources released last year was 64, an increase of 12% from the previous year, and the sales volume of new albums was 20.1 million, the highest in history.
, an increase of 67% from the previous year. 340 concerts were held, a significant increase of 224% from the previous year. Representatively last year's "NCT
"DREAM"'s 3rd full album "ISTJ" became a quad raffle million seller (over 4 million copies), "aespa"'s 3rd full album "ISTJ"
The 3rd mini-album "MY WORLD" recorded a double million-seller (over 2 million copies), and "EXO", "NCT", "NCT127", and "RIIZE" also achieved million-sellers.
Ta. Last year, "NCT DREAM" successfully held 41 performances in 26 regions around the world, including North America, South America, Europe, and Asia.
Artists under the group actively went on world tours, holding 31 successful performances in the region.
Consolidated sales for the fourth quarter of last year were 250 billion won (approximately 27,365.8 million yen)
, operating profit was 10.9 billion won (1,193.15 million yen), down 3.4% and 51.7% from the previous year, respectively. Sales of advertising and content-related affiliates decreased, and SM
Operating income decreased due to the impact of the new addition to brand marketing. Sales in the fourth quarter were 163.7 billion won (approximately 17,919,110,000 yen), an increase of 7.2% from the previous year, and operating income was 2.0 billion won.
It was 600 million won (2,254,940,000 yen), a decrease of 13.8% from the previous year. This year too, SM will showcase a diverse lineup of artists.
RIIZE's single "Love" was released in January and is dominating the music charts.
119'', a new single (Korea/Japan) by the new boy group ``NCT WISH'' that will debut in February, and ``NCT WISH'' in March.
Activities of major artists are expected to continue, such as the release of mini-albums of ``DREAM''.
Based on this, SM plans to achieve consolidated sales of 1.18 trillion won and operating profit of 160 billion won this year. In particular, SM will also implement a shareholder return policy.
On the same day, SM held a board of directors meeting and said, ``As a result of the fiscal year 2023 results, we will pay approximately 28.1 billion won in dividends and cancel 241,379 shares of our own stock (14,953.67 million won) in order to increase shareholder value.''
I have decided to decline," he said. This is the first time the company has canceled its own shares since its founding. The cash dividend is 1,200 won per common share, and the payout ratio is 34%.
SM Representative Director Jang Chul-hyuk said, ``We decided to pay dividends at the same level as last year, taking into account securing investment resources,'' and ``We decided to pay dividends at the same level as the previous year.''
We will continue to increase corporate value through value enhancement."