Korea Investment & Securities has predicted that SM Entertainment will rake in over 43.7 billion KRW (or about $40.3 million USD) in revenue, and 13.7 billion KRW (about $12.6 million USD) in profit for the fourth quarter of 2012.
The sales increase is expected to be 11% higher compared to last year, and a profit increase to 51.3% over Q4 2011. Even thought the 3rd quarter didn’t fare as expected by the company, it is ever-growing and there’s no stop in sight. SM Entertainment is actively promoting in Japan and China, an additional of global promotions is expected very soon.
The statistics – the predictions are based off rely upon Girls’ Generation‘s single and full album release in Japan, and the plan for a Japanese arena tour and American album release early 2013.
SM TOWN concerts raked in staggering amounts of fans from Singapore and Thailand. As well as Super Junior KRY‘s concert in Japan which had an audience of 15,000, and the tour has been extended due to demand. TVXQ has also begun a world tour as well.
EXO is set for a new album slated for release in December, and their entrance into the Chinese music industry is expected in 2013 as well. SM Entertainment is hoping 1-2 new groups will debut next year also. On top of f(x) and BoA‘s re-entering into the Japanese market. SM Entertainment fared just as well with SHINee and Super Junior in Japan.
A researcher from the Korea Investment & Securities commented, “Based on their activities, the earnings that they receive from Japan is estimated to be around 20 billion KRW (approximately $18.4 million USD). Their domestic and foreign sales are increasing as well.“
I am looking forward to 2013 to see what SM has to offer to us.
Article by: Mir & Jenny
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