1Q FY2016 Presentation Material
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0. Table of Contents 1. Overview of Quarterly Consolidated Financial Results 2. Business Forecast for FY2016 3. Internet Advertisement Business 4. Game Business 5. Media Business 6. Up-front Investment 7. Summary 1 1. Overview of Quarterly Consolidated Financial Results Overview of Quarterly Consolidated Financial Results (October 2015-December 2015) 2 1. Overview of Quarterly Consolidated Financial Results [Highlights] FY2016 1Q Consolidated Marked a record high. Financial Sales: 74.0 billion yen up 16.7% year-on-year Results OP: 12.9 billion yen up 3.6% year-on-year Sales and profit growth rates remained high. Ad Business Sales: 39.2 billion yen up 17.8% year-on-year OP: 3.3 billion yen up 16.5% year-on-year The performance of major titles is favorable. Game Sales: 29.7 billion yen up 50.7% year-on-year Business OP: 8.8 billion yen up 84.9% year-on-year Release of AmebaFRESH! in Jan. and AbemaTV in Apr. Media Sales: 5.8 billion yen down 4.1% year-on-year Business OP : 0.6 billion yen up 2.1x year-on-year 3 1. Overview of Quarterly Consolidated Financial Results [Quarterly Consolidated Sales] Unit: billion yen 74.0 69.2 Record high results 63.4 60.5 61.1 60.0 Up 16.7% year-on-year 57.7 52.4 51.2 43.7 42.2 40.8 41.3 39.2 40.0 38.0 35.9 33.7 32.1 30.6 30.9 28.7 29.1 26.3 24.2 24.6 21.4 20.0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 4 1. Overview of Quarterly Consolidated Financial Results [Quarterly OP] 3 4 92 Unit: billion yen 12.9 0.09 Marked a record high, 12.5 exceeding the result for 1Q FY2015, in which the shares of Kakao* were sold. 10.0 4.8 9.3 9.2 8.1 2.0 0.03 125 Earnings Incentives 3.4 Investment Development Business OP 6.5 6.2 12.9 6.1 48 OP (Excluding Investment Development Business) 0.1 2.6 0.009 4.9 5.0 4.5 4.2 6.7 4.0 4.3 0.05 4.0 8.1 3.5 0.05 1.0 3.6 0.2 7.6 3.4 3.4 0.7 3.2 0.02 0.1 3.2 6.2 0.02 6.1 2.7 0.5 5.7 0.8 4.9 2.1 2.2 4.7 3.5 3.4 4.0 1.6 4.2 3.8 3.6 3.6 3.4 1.5 3.2 2.9 2.8 2.3 0.6 2.1 2.2 1.7 0.9 0.0 -0.06 -0.1 -0.06 -0.06 -0.06 -0.07 -0.1 -0.07 -0.07 -0.1 -0.05 -0.1 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 *Kakao: shares of Daum Kakao Corporation 5 1. Overview of Quarterly Consolidated Financial Results [Quarterly SG&A Expenses] Unit: billion yen 18.8 3.4 15.6 15.0 Earnings Incentives 14.4 Advertisement costs 13.3 13.5 13.4 4.4 Other 13.0 12.7 4.0 3.6 11.8 2.0 Sales related costs 11.6 11.5 11.1 3.1 Office costs 11.0 2.6 0.5 4.3 10.7 3.5 10.2 0.7 2.8 1.9 10.0 Personnel 9.5 2.9 9.1 2.1 2.4 2.2 1.8 1.7 3.1 3.5 3.5 3.0 2.9 8.0 1.0 8.1 1.7 2.5 7.5 2.5 2.6 2.5 7.0 7.2 1.4 1.2 2.5 2.3 2.4 2.4 6.6 1.7 2.5 2.5 1.2 1.3 1.4 0.8 2.0 1.2 5.8 6.0 1.2 1.2 1.3 1.3 1.0 1.7 1.2 1.1 1.4 1.8 1.2 1.2 1.2 0.7 0.6 1.5 1.7 1.7 1.5 1.5 1.0 1.0 5.0 1.5 1.1 1.2 1.7 0.9 1.0 1.0 1.5 1.4 0.9 1.2 1.5 1.3 0.8 0.5 0.7 0.6 0.6 0.8 0.8 0.8 0.9 0.5 0.5 0.4 0.5 0.5 0.7 0.8 0.3 0.3 0.3 0.4 0.4 0.4 0.5 0.4 0.3 0.4 5.0 5.3 5.1 5.0 4.3 4.6 4.6 4.6 3.7 3.7 4.0 3.9 3.6 3.7 3.6 3.8 3.8 3.9 3.0 3.0 3.2 3.1 3.3 3.3 3.5 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 6 1. Overview of Quarterly Consolidated Financial Results [No. of Employees] On a plateau (segmentalization of businesses changed) Unit: People 3,5663,623 3,511 Headquarters 303 296 Investment Development 302 3,183 3,165 3,168 3,168 18 Other 33 35 121 404 288 3,000 Internet Ad 34 308 322 2,825 2,862 582 2,777 2,764 574 Game 393 34 33 33 103 107 117 110 Media 33 32 2,511 510 2,479 2,489 30 30 523 505 2,423 373 372 93 92 111 348 358 92 27 24 22 1,255 25 328 331 336 337 957 1,121 1,993 1,098 2,000 1,875 72 807 1,835 1,806 711 717 772 23 985 70 977 981 65 62 1,630 22 303 621 637 19 20 635 1,551 1,544 1,554 604 1,526 72 326 349 341 75 1,428 70 71 71 18 12 74 16 18 13 359 642 526 490 510 12 394 387 367 543 567 526 530 473 405 439 474 437 822 865 1,149 751 697 1,000 688 703 737 329 674 635 291 628 631 597 581 265 259 1,081 1,039 1,018 926 936 954 948 1,001 977 201 139 141 168 740 682 120 636 638 624 630 667 110 494 392 421 231 236 282 298 295 306 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 *For the details of the new segments used from FY2016, please see the reference material. 7 ***The number of employees of BEENOS Inc. (former netprice.com Ltd.), VOYAGE GROUP, Inc., and FX Business, whose shares were transferred, is not included. 1. Overview of Quarterly Consolidated Financial Results [PL] FY2015 1Q FY2015 4Q Unit: million yen FY2016 1Q YoY Change QoQ Change Oct-Dec 2015 Oct-Dec 2014 Jul-Sep 2015 Net sales 74,030 63,451 16.7% 69,265 6.9% Gross margin 28,676 25,284 13.4% 24,641 16.4% SG&A expenses 15,690 12,748 23.1% 18,878 -16.9% Operating profit 12,986 12,535 3.6% 5,763 125.3% Operating profit margin 17.5% 19.8% -2.3points 8.3% 9.2points Ordinary profit 12,814 12,694 0.9% 5,038 154.4% Extraordinary income 703 1 55890.7% 3,069 -77.1% Extraordinary loss 1,344 1,106 21.6% 1,761 -23.6% Current net pretax profit 12,173 11,589 5.0% 6,346 91.8% Current net profit 5,913 6,361 -7.0% 2,504 136.2% 8 1. Overview of Quarterly Consolidated Financial Results [BS] Unit: million yen End of Dec 2015 End of Dec 2014 YoY Change End of Sep 2015 QoQ Change Current assets 85,143 72,033 18.2% 93,532 -9.0% Cash deposits 25,172 27,262 -7.7% 38,723 -35.0% Fixed assets 37,856 32,902 15.1% 37,656 0.5% Total assets 123,000 104,936 17.2% 131,188 -6.2% Current liabilities 42,321 34,492 22.7% 52,013 -18.6% (Income tax payable) 2,634 4,081 -35.4% 10,605 -75.2% Fixed liabilities 1,749 1,410 24.0% 1,472 18.8% Net assets 78,929 69,032 14.3% 77,702 1.6% *Due to the application of the Accounting Standard for Business Combination, etc., the initial balance for the term ending Sep. 2016 was partially changed from that at the end of the term ended Sep. 2015. (Goodwill amount and retained earnings decreased 3.1 billion yen and 3.2 billion yen, respectively, while capital surplus increased 98 million yen.) 9 2. Business Forecast for FY2016 Business Forecast for FY2016 (October 2015-September 2016) 10 2. Business Forecast for FY2016 [Sales] 300.0 billion yen [OP] 28.0 billion yen Unit: billion yen Unit: billion yen 300.0 300.0 32.7 4.9 254.3 28.0 Sales 28.0 Investment Development OP Consolidated OP (Excluding Investment Development) YonY 205.2 22.2 200.0 17.9% 2.7 162.4 17.4 18.0 141.1 14.3 119.5 27.7 28.0 96.6 10.3 100.0 9.3 0.6 19.4 17.6 8.0 14.5 9.6 9.6 0.0 -0.3 -0.2 -0.2 FY2010FY2011FY2012FY2013FY2014FY2015FY2016 FY2010FY2011FY2012FY2013FY2014FY2015FY2016 -2.0 11 2.