On the 5th (today), the company announced that sales were down 9% and operating profits were down 73.6% compared to the same period last year. In terms of sales, the company said it was affected by the decline in CD sales and the decline in sales of its major affiliates.
However, operating profit decreased due to a decrease in sales at affiliated companies and the production costs of SM's first British boy band, "dearALICE."
On a separate basis, third-quarter sales were 172.1 billion won (approximately 19 billion yen) and operating profit was 27.1 billion won (approximately 2.5 billion yen).
9 billion yen), which were down 8.8% and 43.6% respectively compared to the same period of the previous year. Due to the impact of the sales of new albums last year, the album/music sales decreased compared to the same period of the previous year, but the expansion of performances
In addition, the internalization of the performance business led to an increase in concert sales and an increase in MD sales due to the expansion of concert-related MD (planned merchandise). Net profit for the current period was 16 billion won (approximately 1.7 billion yen).
), down 56.8% from the same period last year. SM is planning to have more active artists in the fourth quarter of this year and the first quarter of next year.
This quarter, a new girl group, the first in five years since Korean girl group "aespa," is due to debut, and is gathering much anticipation.
Based on the IP expansion roadmap of 3.0, boy groups "RIIZE" and "NCT
WISH" and other global IP expansion projects.
Group "dearALICE" continues successful launch of first virtual artist "nævis", NEW
By unveiling the IP, they plan to begin full-scale promotion alongside the release of the single in the first quarter of next year.
In addition, following the release of the solo songs of each member that were performed at the concert, the mini album "Whiplash" released on the 21st of last month also gained a lot of attention.
This year, the group has been gaining attention and has been holding the No. 1 spot for consecutive consecutive years with a series of hits led by "Supernova." On the 4th of this month, the boy group SHINee's Minho
In addition to the first full album, the boy group "NCT DREAM" will release their fourth full album. In addition, the Korean group "TVXQ" will release their Japanese full album and
Following their 20th anniversary concert tour in Japan, they will also be releasing the Japanese full album of "NCT WISH" and the Japanese mini album of Yuta from the Korean boy group "NCT", as well as the girl group
Group "Red Velvet" IRENE's first solo debut album and girl group "Girls' Generation" Tae Yeon, boy group "WayV" mini album "nævis"
In addition, in the first quarter of next year, which marks the 30th anniversary of SM's founding, SM artists will hold a joint concert called "SMTOWN
NCT is preparing various 30th anniversary projects, including the "SMTOWN LIVE" concert and the "SMTOWN" album.
The first full album of "EXO", the mini album of KAI of the boy group "EXO" who is making a comeback after a long time, "Red Velvet's" SEULGI and "NCT
Teasers for mini albums by "WISH" and "NCT's Ten" were also released. Jang Cheol-hyuk, co-CEO of SM Entertainment, said, "SM has only been focusing on existing artist groups that have been loved for a long time.
Instead, we will continue to develop new artists from the previous year, and will have a wide range of K-POP artist IPs across all generations. We will also have a new girl group debut next year.
"We will further strengthen our artist lineup," he said, "As we celebrate our 30th anniversary next year, we will be releasing concerts, albums, MDs, and more for the many fans who love SM.
We plan to unveil a variety of projects, so please look forward to them."
2024/11/05 19:40 KST
Copyrights(C) Herald wowkorea.jp 111