Hakuhodo Dy Holdings Incorporated · TSE:2433
Hakuhodo Dy — Q1 FY2021 Earnings Presentation
26 slides from Hakuhodo Dy's earnings presentation, Aug 6, 2021
Slide 1: Consolidated Financial Highlights FY2021 First Quarter
Consolidated Financial Highlights FY2021 First Quarter(April-June, 2021) August 6, 2021 Hakuhodo DY Holdings, Inc.
Slide 2: Consolidated Results Highlights of Q1 FY 2021
Consolidated Results Highlights of Q1 FY 2021
Slide 3: Q1 FY2021 Summary
Q1 FY2021 Summary Recovery trend from COVID-19 continued, significant increase in both billings and profits. - Both billings and profits increased significantly as demand for advertising is recovering in Japan and overseas. The top line also recovered to Q1 FY2019 level, and profits exceeded Q1 FY20
Slide 4: Q1 FY2021 Income Statements Highlight
Q1 FY2021 Income Statements Highlight ▶ See p.15 for details. （Millions of JPY） Actual YOY Billings 326,964 +65,940 +25.3% Revenue 172,378 +31,399 +22.3% Operating Income 12,087 +11,688 +2929.6% Ordinary Income 13,251 +11,709 +759.1% Net Income Attributable to Owners of Parent 6,238 +9,308 n/a - Bot
Slide 5: Q1 FY2021 Results (Excluding Investment Business)
Q1 FY2021 Results (Excluding Investment Business) ▶ See p.16 for details. Revenue & Operating Income before amortization of (Millions of JPY) Actual YOY vs FY2019 goodwill by quarter （millions of JPY） Billings 323,680 +68,106 +26.6% -2.0% Revenue 169,094 +33,565 +24.8% -0.7% Gross Profit 75,019 +15,
Slide 6: Results by Region (Japan: Excluding Investment Business)
Results by Region (Japan: Excluding Investment Business) Q1 FY2021 Revenue & Operating Income before amortization of (Millions of JPY) Actual YOY vs FY2019 goodwill by quarter （millions of JPY） Billings 284,874 +66,108 +30.2% -4.0% Revenue 130,288 +31,567 +32.0% -4.7% Gross Profit 58,291 +14,495 +33
Slide 7: Results by Region (Overseas)
Results by Region (Overseas) Q1 FY2021 (Millions of JPY) Revenue & Operating Income before amortization of Actual YOY vs FY2019 goodwill by quarter （Millions of JPY） Billings 40,301 +1,932 +5.0% +11.3% Revenue 40,301 +1,932 +5.0% +11.3% Gross Profit 17,385 +1,262 +7.8% +10.0% Gross Margin 43.1% +1.1
Slide 8: Billings by Service Category
Billings by Service Category Q1 FY2021 (Millions of JPY) Actual YOY （ref.）vs Q1 FY19 Newspapers 9,201 +2,819 +44.2% Magazines 1,907 -483 -20.2% Radio 2,887 +160 +5.9% Television 95,622 +20,353 +27.0% Trad-Media Service Subtotal 109,619 +22,849 +26.3% Internet Media 75,665 +21,164 +38.8% Outdoor Medi
Slide 9: Billings by Clients’ Industry
Billings by Clients’ Industry See p.18-22 for details. Q1 FY2021 Millions of JPY Automobiles/Related Products Information/Communications Distribution/Retailing Finance/Insurance Pharmaceuticals/Medical supplies Foodstuffs Games/Sporting goods/Hobby supplies Beverages/Cigarettes/Luxury foods Restaura
Slide 10: Selling, General & Administrative Expenses
Selling, General & Administrative Expenses Q1 FY2021 （Millions of JPY） Actual YOY Major Change Factors in SG&A (Millions of JPY) Personnel 46,440 +1,556 +3.5% Rent 4,590 -43 -0.9% Q1 FY20 SG&A 64,251 Change in scope of consolidation +1,434 Depreciations 1,606 +186 +13.1% Amortization of goodwill Amo
Slide 11: Other Income & Extra-ordinary Items
Other Income & Extra-ordinary Items Q1 FY2021 Other Income （Millions of JPY） Actual YOY Non-operating Income 5,633 +1,276 Interest Income 301 -65 Dividend Income 2,633 +394 Investment Partership Income 517 +507 Equity Method Earnings 670 -163 Non-operating Expenses 1,072 -315 Interest Expenses 483 -
Slide 12: Guidance for FY2021
Guidance for FY2021
Slide 13: Guidance for FY2021
Guidance for FY2021 No change in forecast of performance and dividends for FY2021. Performance forecast （Millions of JPY） Forecast YOY Billings 1,460,000 +162,052 +12.5% Operating Income 47,000 +1,966 +4.4% Ordinary Income 50,000 +405 +0.8% Net Income Attributable to Owners of Parent 26,500 +20 +0.1
Slide 14: Cautionary Statements Concerning Forward-looking Statements, Change in accounting standards & Note Concerning Audits
Cautionary Statements Concerning Forward-looking Statements, Change in accounting standards & Note Concerning Audits （Cautionary Statements Concerning Forward-looking Statements） This presentation includes forward-looking statements concerning forecasts of operating results, business plans and polic
Slide 15: Supplements
Supplements
Slide 16: Interim Income Statements
Interim Income Statements Japanese GAAP-basis Interim Income Statements for Q1 FY2021 （Millions of JPY） Actual YOY Billings 326,964 +65,940 +25.3% Revenue 172,378 +31,399 +22.3% Gross Profit 78,240 +13,589 +21.0% Gross Margin 23.9% -0.8pt +0.0% SG&A 66,152 +1,900 +3.0% Operating Income 12,087 +11,68
Slide 17: Results Excluding Investment Business
Results Excluding Investment Business Q1 FY2021 （Millions of JPY） Actual YOY Billings 323,680 68,106 +26.6% Revenue 169,094 33,565 +24.8% Gross Profit 75,019 15,760 +26.6% Gross Margin 23.2% -0.0pt SG&A 66,114 1,931 +3.0% Operating Income 8,904 13,829 n/a Operating Margin 11.9% +20.2pt Amortization
Slide 18: Results by Region
Results by Region Q1 FY2021 （Millions of JPY） Actual YOY Japan Billings 288,158 +63,942 +28.5% Revenue 133,572 +29,401 +28.2% Gross Profit 61,513 +12,324 +25.1% SG&A 44,801 +710 +1.6% Operating Income 16,711 +11,614 +227.9% Overseas Billings 40,301 +1,932 +5.0% Revenue 40,301 +1,932 +5.0% Gross Prof
Slide 19: Billings by Clients’ Industry
Billings by Clients’ Industry Q1 FY2021 （Millions of JPY） Actual YOY vs FY2019 Information/Communications 33,465 +10,974 +48.8% Beverages/Cigarettes/Luxury foods 31,017 +3,041 +10.9% Automobiles/Related products 21,888 +4,316 +24.6% Foodstuffs 18,337 +3,483 +23.5% Cosmetics/Toiletries 17,808 +1,000
Slide 20: Billings by Clients’ Industry (by Quarter) 1
Billings by Clients’ Industry (by Quarter) 1 FY2019 FY2020 FY2021 (Millions of JPY) Information/Communications Beverages/Cigarettes/Luxury foods Automobiles/Related products +10,974 +8,000 +8,000 +8,000 +4,316 +3,318 +3,651 +3,041 +1,615 +2,099 +1,976 +3,000 +3,000 +3,000 +737 +513 -2,000 -501 -2,00
Slide 21: Billings by Clients’ Industry (by Quarter) 2
Billings by Clients’ Industry (by Quarter) 2 FY2019 FY2020 FY2021 (Millions of JPY) Finance/Insurance Restaurant/Services Distribution/Retailing +8,000 +8,000 +8,000 +4,151+3,797 +4,277 +2,904 +3,000 +3,000 +3,000 +1,840 +1,200 +468 +161 +72 -2,000 -229 -2,000 -2,000 -1,110 -718 -936 -1,156 -1,198 -
Slide 22: Billings by Clients’ Industry (by Quarter) 3
Billings by Clients’ Industry (by Quarter) 3 FY2019 FY2020 FY2021 (Millions of JPY) Games/Sporting goods/Hobby supplies Household products Home electric appliances/AV equipment +8,000 +8,000 +8,000 +3,510+3,455 +2,387 +3,000 +1,466 +3,000 +3,000 +1,517+1,564 +249 +681 +673 -2,000 -2,000 -411 -144 -1
Slide 23: Billings by Clients’ Industry (by Quarter) 4
Billings by Clients’ Industry (by Quarter) 4 FY2019 FY2020 FY2021 (Millions of JPY) Education/Medical services/Religion Precision machinery/Office supplies Classified advertising/Other +8,000 +8,000 +8,000 +3,000 +3,000 +3,000 +136 +279 +433 +908 +236 +304 +559 +73 -2,000 -425 -164 -220 -117 -62 -2,
Slide 24: Balance Sheets
Balance Sheets （Millions of JPY） End of June 2021 Change * Composition Current Assets 592,943 -33,788 65.5% Cash & Deposits 186,928 7,615 Accounts Recievable 297,035 -63,688 Non-current Assets 312,707 -1,664 34.5% Tangible Assets 34,940 24 Intangible Assets 70,419 1,368 Goodwill 42,930 1,129 Investm
Slide 25: Cash Flow Statements
Cash Flow Statements Q1 FY2021 （Millions of JPY） Actual YOY Cash Flows from Operating Activities 5,232 +14,080 Cash Flows from Investing Activities -2,815 +4,582 Purchase of property, plant and equipment -472 +437 Purchase of intangible assets -928 +644 Purchase of investment securities -1,294 -886
Slide 26: HakuhodoDY holdings
HakuhodoDY holdings
Hakuhodo DY Holdings — Q1 FY2021 Earnings Presentation on 6ix