2019/02/05 FY Ending March 2019 3Rd Quarter Appendix
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FY Ending March 2019 3rd Quarter Appendix February 5, 2019 [Disclaimer] The contents of this material and comments made during the questions and answers etc. of this briefing session are the judgment and projections of the Company’s managements based on currently available information. These contents involve risk and uncertainty and the actual results may differ materially from these contents/comments. © SEGA SAMMY HOLDINGS INC. All Rights Reserved. Consolidated Income Statements (Summary) (JPY Billion) 2018/3 2019/3 Revised Full Year Full Year Through Through Through Through Through Forecast 1Q 1Q Forecasts 2Q 3Q 4Q 2Q 3Q (announced (announced on May 11) on Feb 5) Sales 107.2 194.7 260.8 323.6 68.8 171.0 250.3 390.0 337.0 Pachislot and Pachinko Machines 54.9 88.3 95.4 105.6 21.5 58.6 76.1 122.0 102.0 Entertainment Contents 50.2 101.5 157.9 208.0 45.0 107.2 166.2 258.0 224.5 Resort 2.0 4.7 7.3 9.9 2.3 5.1 7.9 10.0 10.5 Operating Income 16.6 26.8 25.6 17.7 0.9 10.2 11.9 21.0 13.0 Pachislot and Pachinko Machines 15.1 21.4 15.1 11.9 1.7 9.6 9.6 18.5 14.0 Entertainment Contents 3.7 10.1 17.2 14.8 1.6 6.1 10.6 13.5 9.7 Resort -0.7 -1.2 -1.8 -2.5 -0.6 -1.1 -1.9 -3.0 -2.8 Other / Elimination -1.5 -3.4 -4.9 -6.5 -1.8 -4.4 -6.4 -8.0 -7.9 Operating Income Margin 15.5% 13.8% 9.8% 5.5% 1.3% 6.0% 4.8% 5.4% 3.9% Non-operating income 1.1 1.8 3.1 3.2 0.7 1.3 1.5 1.5 2.0 Non-operating expenses 1.5 3.3 4.4 6.4 0.9 2.3 4.4 6.5 7.5 Ordinary Income 16.2 25.2 24.3 14.5 0.6 9.1 9.0 16.0 7.5 Extraordinary income 0.5 0.8 0.8 0.9 0.0 1.7 1.7 1.0 1.8 Extraordinary losses 0.3 0.4 0.7 3.1 0.0 0.2 6.7 -6.8 Income before income taxes 16.4 25.6 24.4 12.4 0.7 10.6 4.0 17.0 2.5 Profit (loss) attributable to 11.5 17.7 13.7 8.9 0.3 6.7 0.6 12.0 -1.5 owners of parent Dividends per share (JPY) - 20.00 20.00 40.00 - 20.00 20.00 40.00 40.00 Earnings per share (JPY) 49.22 75.78 58.68 38.10 1.44 28.60 2.90 51.20 -6.40 Net Assets per share (JPY) 1,353.20 1,380.42 1,339.46 1,313.90 1,296.55 1,328.00 1,274.50 - - -2- Costs and Expenses (JPY Billion) 2018/3 2019/3 Revised Full Year Full Year Through Through Through Through Through Forecast 1Q 1Q Forecasts 2Q 3Q 4Q 2Q 3Q (announced (announced on May 11) on Feb 5) R&D Expense / Content 15.3 30.7 45.5 62.0 14.1 30.8 48.3 73.3 65.8 Production Expense Pachislot and Pachinko Machines 4.5 9.7 13.8 17.3 3.5 7.8 12.1 18.4 16.1 Entertainment Contents 10.8 21.1 31.7 44.9 10.6 23.2 36.4 54.9 49.9 Resort 0.00.00.00.10.00.10.10.00.1 Other / Elimination 0.0-0.10.0-0.30.0-0.3-0.30.0-0.3 Cap-ex 5.0 10.3 16.2 24.1 6.4 17.8 24.3 32.1 32.0 Pachislot and Pachinko Machines 1.01.92.73.60.83.03.77.65.1 Entertainment Contents 3.6 7.3 11.8 17.2 4.2 10.7 16.1 20.4 22.3 Resort 0.31.01.51.90.00.00.10.50.2 Other / Elimination 0.10.10.21.41.44.14.43.64.4 Depreciation 4.2 8.2 12.2 16.2 3.9 7.4 10.8 14.8 14.3 Pachislot and Pachinko Machines 1.52.84.15.31.12.13.04.13.9 Entertainment Contents 2.24.56.79.02.34.36.48.78.5 Resort 0.20.50.71.00.20.40.61.20.9 Other / Elimination 0.30.40.70.90.30.60.80.81.0 Advertising 3.2 7.8 11.7 15.4 3.3 8.4 12.2 22.1 16.4 Pachislot and Pachinko Machines 0.41.11.51.90.40.91.32.81.5 Entertainment Contents 2.5 5.4 8.6 11.8 2.6 6.3 9.3 17.4 13.1 Resort 0.10.20.30.40.00.10.20.30.3 Other / Elimination 0.21.11.31.30.31.11.41.61.5 -3- Consolidated Balance Sheet (Summary) (JPY billion) 【Assets】【Liabilities and Net Assets】 As of end of As of end of As of end of As of end of Account Change Account Change March 2018 December 2018 March 2018 December 2018 Cash and Deposits 157.8 84.4 -73.4 Accounts Payable 21.7 28.0 +6.3 Accounts Receivable 29.3 42.5 +13.2 Corporate Bonds 10.0 15.0 +5.0 Securities 24.6 45.5 +20.9 Short Term Loans Payable 15.8 15.3 -0.5 Inventories 40.5 52.3 +11.8 Other 36.9 34.9 -2.0 Other 20.1 22.0 +1.9 Total Current Liabilities 84.4 93.2 +8.8 Total Current Assets 272.3 246.7 -25.6 Corporate Bonds 22.5 10.0 -12.5 Tangible Fixed Assets 78.1 85.2 +7.1 Long Term Loans Payable 38.6 29.5 -9.1 Intangible Fixed Assets 23.4 16.8 -6.6 Other 17.4 20.8 +3.4 Investment Securities 70.2 72.4 +2.2 Total Noncurrent Liabilities 78.5 60.3 -18.2 Other 29.4 34.3 +4.9 Total Liabilities 163.0 153.6 -9.4 Shareholders Equity 299.6 291.5 -8.1 Total accumulated other comprehensive income 8.2 7.6 -+0.6 Warrants 0.8 0.9 +0.1 Non-controlling intesrests 1.6 1.8 +0.2 Total Noncurrent Assets 201.1 208.7 +7.6 Total Net Assets 310.4 301.8 -8.6 Total Assets 473.4 455.5 -17.9 Total Liabilities and Net Assets 473.4 455.5 -17.9 -4- Relocation Expenses Impact from one-off expenses for relocation (FY Ending March 2019 3Q) (JPY Billion) 3Q Operating 3Q Operating One-off expenses of Income Income relocation (Before consideration) (After consideration) Total 16.2 -4.3 11.9 Pachislot and Pachinko 10.7 -1.1 9.6 Machines Entertainment Contents 13.0 -2.4 10.6 Resort -1.9 - -1.9 Other / Elimination -5.6 -0.8 -6.4 (Reference) Impact from one-off expenses for relocation (FY Ending March 2019) (JPY Billion) *Revised Full Year Forecasts (announced on Feb 5) Operating Income One-off expenses of Operating Income (Before onsideration) relocation (After consideration) Total 18.0 -5.0 13.0 Pachislot and Pachinko 15.1 -1.1 14.0 Machines Entertainment Contents 12.8 -3.1 9.7 Resort -2.8 - -2.8 Other / Elimination -7.1 -0.8 -7.9 *No incurrence of one-off relocation expenses expected for FY ending March 2020 -5- Segment Results: Pachislot and Pachinko Machines (JPY Billion) 2018/3 2019/3 Revised Full Year Full Year Through Through Through Through Through Forecast 1Q 1Q Forecasts 2Q 3Q 4Q 2Q 3Q (announced (announced on May 11) on Feb 5) Sales 54.9 88.3 95.4 105.6 21.5 58.6 76.1 122.0 102.0 Pachislot 10.2 32.3 32.4 36.0 3.1 4.5 11.0 39.1 26.3 Pachinko 41.1 48.8 52.2 55.3 13.9 45.8 52.3 71.2 59.3 Other / Elimination 3.6 7.2 10.8 14.3 4.5 8.3 12.8 11.7 16.4 Operating Income 15.1 21.4 15.1 11.9 1.7 9.6 9.6 18.5 14.0 Operating Income Margin 27.5% 24.2% 15.8% 11.3% 7.9% 16.4% 12.6% 15.2% 13.7% Pachislot Number of Titles 3 titles 8 titles 8 titles 9 titles 1 title 1 title 3 titles 9 titles 6 titles Unit Sales (units) 25,440 75,380 75,590 85,041 9,073 12,853 31,534 103,000 71,000 Pachinko Number of Titles 2 titles 4 titles 5 titles 5 titles 1 title 3 titles 5 titles 9 titles 7 titles Unit Sales (units) 97,499 119,312 129,778 140,013 40,997 117,891 136,670 201,000 158,000 Board + Frame 83,178 92,344 95,912 97,655 13,908 77,518 87,468 94,500 93,000 Board 14,321 26,968 33,866 42,358 27,089 40,373 49,202 106,500 65,000 -6- Segment Results: Pachislot and Pachinko Machines New title ■Major Titles launched in 1-3Q and titles to be launched in and after 4Q Specification changed title ~2019/3 3Q 4Q~ Pachislot Hokuto No Ken Pachislot SOUTEN-NO-KEN A-SLOT Twin Angel BREAK Pachislot CHAIN CHRONICLE Syura no kuni hen Rasetsu ver.