Nippon Television Holdings, Inc. · TSE:9404
Nippon Television — Q1 FY2024 Earnings Presentation
40 slides from Nippon Television's earnings presentation, Jul 31, 2024
Slide 1: FY2024 1Q Financial Results
FY2024 1Q Financial Results This presentation may include forward-looking statements. Actual results, however, could differ significantly as a result of various factors and circumstances. Forward-looking statements contained herein are not guarantees or commitments. Reproduction of this presentation
Slide 2: Contents
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 3: Stock Repurchase and Cross-shareholding Reduction
Stock Repurchase and Cross-shareholding Reduction Stock repurchase • April 2024 – May 2024: 1,576,200 shares repurchased at the total price of JPY 3,514,868,532 • Total for February 2, 2024 – May 17, 2024: 3,201,900 shares at JPY 6,999,947,265 Dividend distribution starts for foreign shareholders no
Slide 4: Overview of Financial Results and Forecast
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 5: 1Q FY2024 Financial Performance
1Q FY2024 Financial Performance Higher Sales and Profit Time ad sales declined but spot ad sales increased slightly to set the tone for a recovery Digital ad sales steadily increased HD: Consolidated Results STUDIO GHIBLI’s financial performance consolidation contributed Group significantly to
Slide 6: Nippon TV HD: Consolidated Financial Results
Nippon TV HD: Consolidated Financial Results (Millions of yen) (Millions of yen) FY2023 1Q FY2024 1Q YoY Change Net Sales 98,010 106,087 8,076 8.2% Operating Profit 10,344 11,438 1,094 10.6% Recurring Profit 13,203 13,586 382 2.9% Net Income attributable to owners of the parent 8,443 10,757 2,313 27
Slide 7: Net Sales YoY Change Components
Net Sales YoY Change Components (Millions of yen) +1,366 +4,371 HD: Consolidated Results Group Companies Nippon TV +8,076 Content Strategy Previous Nippon Nippon la MURAYAMA TIPNESS HJ Nippon Total Anime- Other Current period Television Television belle Television related period Net Sales Terrestria
Slide 8: Operating Profit YoY Change Components
Operating Profit YoY Change Components (Millions of yen) HD: Consolidated Results Group Companies Nippon TV +1,094 Content Strategy Previous Nippon TV la belle vie MURAYAMA TIPNESS HJ Nippon Total Anime- Other and Current period Television related Consolidated period Operating Service Inc. companies
Slide 9: Nippon TV: Financial Results
Nippon TV: Financial Results Slightly lower sales, lower operating profit Time ad sales declined but spot ad sales increased slightly, setting the tone for a recovery; digital ad sales steadily increased Events/Content Business income and expenditure trended as expected; witnessed a reactionar
Slide 10: Nippon TV: Net Sales and Cost of Sales
Nippon TV: Net Sales and Cost of Sales (Millions of yen) Net Sales FY2023 1Q FY2024 1Q YoY Change Advertising Revenue 54,044 54,330 286 0.5% Program Sales 2,745 2,708 △36 △1.3% Events/Content Business Sales 11,067 10,667 △400 △3.6% Real Estate Business 744 779 35 4.7% Total 68,601 68,486 △115 △0.2%
Slide 11: Nippon TV: Advertising Revenue
Nippon TV: Advertising Revenue (Millions of yen) FY2023 1Q FY2024 1Q YoY Change Advertising Revenue 54,044 54,330 286 0.5% Time 25,016 24,671 △344 △1.4% Spot 27,854 27,880 25 0.1% Digital Ad. 1,173 1,779 605 51.6% ＊Digital Ads row added in FY2022, comprised of TVer and the like. HD: Consolidated Res
Slide 12: Nippon TV: Production Costs
Nippon TV: Production Costs (Millions of yen) FY2023 1Q FY2024 1Q YoY Change 21,531 21,566 34 0.2% (Millions of yen) 1Q Production Costs (Millions of yen) (Ref.) Production Costs(FY) 100,000 100,000 95,245 89,331 90,000 90,000 88,421 87,526 84,544 HD: Consolidated 80,000 80,000 Results 70,000 70,000
Slide 13: Nippon TV: Events/Content Business Sales and Balance
Nippon TV: Events/Content Business Sales and Balance (Millions of yen) Sales Balance FY2024 1Q Change FY2024 1Q Change Movies 1,086 13.9% 718 19.4% Events 825 △45.8% 16 △93.0% Retail Business 1,774 4.2% 40 44.1% HD: Consolidated Results Anime 1,533 1.2% 656 1.9% Group Companies International Busines
Slide 14: Group Companies: Net Sales and Operating Profit
Group Companies : Net Sales and Operating Profit (Millions of yen) Nippon Television BS Nippon Corp. CS Nippon Corp. VAP Inc. TIPNESS Limited Music Corp. Net Sales 4,312 5.8% 2,279 0.2% 1,984 △9.4% 1,576 △4.6% 6,508 △1.4% Operating 594 143.2% 86 ー 450 △32.2% 283 △47.1% △241 ー Profit HD: Consolidated
Slide 15: CAPEX and Depreciation (consolidated)
CAPEX and Depreciation (consolidated) (Billions of yen) Depreciation and CAPEX amount Amortization FY2024 1Q 1.7 3.2 CAPEX amount Depreciation and Amortization 21.2 19.1 20.0 20.0 HD: Consolidated 17.4 Results 15.8 14.2 14.0 13.9 Group 13.2 13.7 13.5 13.5 13.1 Companies 11.9 9.9 10.0 10.0 10.0 Nippo
Slide 16: Consolidated Forecast and Dividend Forecast
Consolidated Forecast and Dividend Forecast (as of May 9) Unchanged from previous forecast (Millions of yen) Forecast for FY2023 Result Change Change(%) FY2024 Net Sales 423,523 442,000 18,477 4.4% Operating Profit 41,877 42,000 123 0.3% Recurring Profit 49,503 48,000 △1,503 △3.0％ Profit attributabl
Slide 17: Contents Strategy
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 18: STUDIO GHIBLI Awarded Honorary Palme d'Or
STUDIO GHIBLI Awarded Honorary Palme d’Or STUDIO GHIBLI was awarded an honorary Palme d’or on May 20 at the 77 th Festival de Cannes. It was an award for the entire studio, including its films, GHIBLI MUSEUM, Mitaka, and GHIBLI PARK—the first time in the world that an organization won the honor.
Slide 19: Anime Business
Anime Business ◆Magilumiere Magical Girls Inc. Scheduled to air in fall 2024. Much-awaited TV anime adaptation of Shueisha Shonen Jump Plus hit manga! College student Kana Sakuragi is struggling to land a job offer. “Society doesn’t need me,” she thinks as she loses confidence in herself. One day wh
Slide 20: Global Content Rollout
Global Content Rollout ●Nippon TV blockbuster drama series “Mother” set for a string of overseas remakes! ・Slated for a remake in the Philippines! ABS-CBN and its subsidiaries and partners around the world are scheduled to broadcast/stream all 80 episodes. With localized versions in over 10 countrie
Slide 21: IP Business
IP Business We will connect Nippon TV linear platform shows with intellectual property content. ●Huge success for the largest-ever “BUZZ RHYTHM LIVE -10th Anniversary-”! ・10 th time in July was largest-ever held in Yoyogi 1st Gymnasium. ・Grand artists from past BUZZ RHYTHM LIVES like sumika, WANIMA,
Slide 22: Programming Strategy
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 23: April 2024 Cour Core Target Viewer Ratings
April 2024 Cour Core Target Viewer Ratings Quintuple Crown again for April 2024 cour for an overwhelmingly dominant start! April 01, 2024 – June 30, 2024 NTV EX TBS TX CX All Day ① 2.3 ④ 1.1 ③ 1.4 ⑤ 0.4 ② 1.6 6:00 to 24:00 Prime Time ① 3.8 ④ 2.0 ② 2.8 ⑤ 1.1 ③ 2.6 19:00 to 23:00 HD: Consolidated Resu
Slide 24: April 2024 Cour Individual Viewer Ratings
April 2024 Cour Individual Viewer Ratings Double Crown for golden and platinum times! April 01, 2024 – June 30, 2024 NTV EX TBS TX CX All Day ② 3.2 ① 3.4 ③ 2.6 ⑤ 1.1 ④ 2.2 6:00 to 24:00 Prime Time ② 4.7 ① 5.0 ③ 4.0 ⑤ 2.6 ④ 3.3 19:00 to 23:00 HD: Consolidated Results Golden Time ① 5.1 ② 5.0 ③ 4.2 ⑤ 3
Slide 25: Must-see Olympics Events Broadcast Abundantly!
Must-see Olympics Events Broadcast Abundantly! July 27 (Sat) 3:55 pm Volleyball men's preliminary Japan vs Germany July 29 (Mon) 3:30 am Swimming men’s 400 m individual medley finals and more July 30 (Tue) 4:45 pm Judo women’s 63 kg; men’s 81 kg preliminaries and finals July 31 (Wed) 3:35 am HD: Con
Slide 26: Must-see Olympics Events Broadcast Abundantly!
Must-see Olympics Events Broadcast Abundantly! August 4 (Sun) 5:45 pm Basketball women’s preliminary Japan vs Belgium August 7 (Wed) 2:00 Athletics men’s long jump finals and more August 8 (Thu) 2:30 Table tennis men’s team semifinals (TBD) August 9 (Fri) 5 pm HD: Consolidated Results Sport climbing
Slide 27: Digital & Streaming
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 28: Streaming Business: HJ Holdings (Hulu Japan)
Streaming Business: HJ Holdings (Hulu Japan) (Millions of yen) Net Sales Operating Profit FY2024 1Q 8,136 17 “Pandora’s Fruit” new season Linked to the latest special aired on linear TV, season 3 is streamed exclusively on Hulu Japan. Along with previous seasons, this is capturing numerous new subsc
Slide 29: Streaming Business: TVer (AVOD)
Streaming Business: TVer (AVOD) TVer Highlights ■Over 800 programs from all broadcasters streamed ■Unique browsers: April: 26.27 mil May: 26.94 mil June: 26.32 mil Catch-up views: April: 350 mil May: 380 mil June: 360 mil ※Video Research calculation ■Total app downloads: over 75 mil Nippon TV Initia
Slide 30: Strategic Investment Trend
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 31: Strategic Investment Trend
Strategic Investment Trend 2019-2021 2022‐2024 2012-2015 2016-2018 Nippon TV Medium-Term Next60 Change65 eVOLUTION Management Plan STUDIO GHIBLI Media & Content Business HD: Consolidated Results Group Companies Life & Health- Nippon TV Related Business Content Strategy Total Investment New Business
Slide 32: Investment in AI Body Analysis
Investment in AI Body Analysis Aiming to utilize our customer data platform to assist each consumer at the individual level so they can achieve a lifestyle of wellness, we invested in Sapeet Inc. in April 2024 as part of our Life & Health Related Business. Sapeet offers solutions in AI body analys
Slide 33: Investment to Bolster Presence in Vertical Short Drama Space
Investment to Bolster Presence in Vertical Short Drama Space As we advance our content-oriented approach and nurture the development of intellectual property content, we invested in GOKKO in July 2024. GOKKO consistently garners overwhelming support from Gen Z for its vertical short dramas on its
Slide 34: VTuber Business: ClaN Entertainment
VTuber Business : ClaN Entertainment ClaN Entertainment has forged a capital and business alliance with Sanrio Company, Ltd. in June 2024. Together we launched “Nyantasia!”, a VTuber project. We strengthen our relationship, prospects include business expansion in the VTuber and metaverse domains
Slide 35: Reference Materials
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 36: Segment Results
Segment Results (Millions of yen) Segment Profit Net Sales (△ Loss) FY2023 1Q FY2024 1Q Change FY2023 1Q FY2024 1Q Change Media Content Business 90,327 98,478 8,151 9,535 11,007 1,472 Life and Health Related Business 6,598 6,508 △89 6 △213 △220 HD: Consolidated Results Real Estate-Related Group Busi
Slide 37: Spot Sales - Terrestrial Broadcasting (Nippon TV)
Spot Sales ‐ Terrestrial Broadcasting (Nippon TV) Share Change Share Change FY2023 1Q FY2024 1Q （％） (%) （％） (%) 18.0% 16.0% 1 Service 16.1% 0.0% 1 Service 15.9% △1.1% FY2024 1Q 14.0% 12.0% FY2023 1Q Cosmetics/ 2 11.2% 27.1% 2 Cosmetics/Toiletries 13.0% 15.7% 10.0% Toiletries 8.0% 6.0% 3 Telecom/Game
Slide 38: Movie Lineup for FY2024 ①
Movie Lineup for FY2024 ① ★＝Co-organized with Nippon TV 〇＝Nippon TV is an investor in the film ■=Nippon TV is lead organizer Date Title Distributor Friday ●KINGDOM: Return of The Great General TOHO July 12 ©原泰久／集英社 ©2024映画「キングダム」製作委員会 Friday ■My Hero Academia: You're Next TOHO August 02 HD: Consolid
Slide 39: Movie Lineup for FY2024 ②
Movie Lineup for FY2024 ② ★＝Co-organized with Nippon TV 〇＝Nippon TV is an investor in the film ■=Nippon TV is lead organizer Date Title Distributor Friday ★ACMA:GAME THE MOVIE TOHO October 25 (working title) ©2024 劇場『ACMA:GAME』製作委員会 ©メーブ・恵広史／講談社 Friday 〇Mr. Yano's Ordinary Days: SHOCHIKU November 15
Slide 40: Event Lineup for FY2024
Event Lineup for FY2024 Date Title GHIBLI PARK and GHIBLI EXHIBITION Friday June 28 – Monday September 23 Warehouse TERRADA(Tennnozu, Tokyo) © Studio Ghibli © Kanyada HD: Consolidated Le dernier Monet Paysages d’eau Results Saturday October 05,2024 – Tuesday February 11,2025 Group Companies The Nati
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