Due to TVXQ’s absence due to military service, SM’s results facing a decline…operating profit 43.15% ↓

Due to the artistes in the agency that are in the midst of fulfilling their military service, KOSDAQ (Korean stock exchange) -listed entertainment company, SM’s results have faced a decline. On the 9th, according to the Financial Supervisory Service’s Electronic Disclosure System, SM’s consolidated operating profit fell by 207 billion won compared to last year, which was a decline of 43.15%. Although sales increased 7.51% in the same period to 349 billion won, net profit recorded a percentage decrease of 78.8% to 40 billion won. A SM official explained, “as a portion of our artistes are in the midst of military service, activities have been reduced and as such, the operating profit has declined.”
-issue of THAAD’s effect omitted-
only the resumption of Super Junior and TVXQ’s Japan tours upon discharge would be a condition for an improvement in the results.
-rest of expected upcoming Japan schedules of other groups’ which are expected to contribute to results’ improvement excluding China omitted-
In particular with TVXQ, which was important to sales. By next August which would be the later half of the year after everyone has discharged, the Japan results are expected to rise.

——————————

Credits:

BizEnter (비즈엔터),
Translated by @snxy,
Shared by TVXQ! Express