Slide 1: Fiscal Year 2011 First Half Results Briefing
Stock Listing :Tokyo Stock Exchange HAPPINET CORPORATION Code Number :7552 Fiscal Year 2011 First Half Results Briefing November 21, 2011 0
Slide 2: Table of contents
Table of contents First Half of FY2011 Results Summary Change of business results････････････････････････････････ 3 Consolidated results first half of FY2011 Profit & loss statement･･････････････････････････････････ 4 Balance sheet ･･････････････････････････････････････････ 9 Cash-flow statement････
Slide 3: First Half of FY2011 Results Summary
First Half of FY2011 Results Summary Hideo Asatsu Board Director, CFO Senior Managing Director 2
Slide 4: Change of business results
Change of business results 1st half of 1st half of 1st half of 1st half of Fiscal period FY2008 FY2009 FY2010 FY2011 FY2008 FY2009 FY2010 Net Sales ￥million 76,052 89,829 85,090 88,508 166,778 194,246 190,891 Operating income ￥million 1,226 930 1,240 2,316 2,137 2,327 2,855 Ordinary income ￥million
Slide 5: Consolidated results for first half of FY2011: Profit & loss statement
Consolidated results for first half of FY2011 （１）Profit & loss statement (¥ millions; rounded down, %) 1st half of FY2010 1st half of FY2011 % of total YoY % of total YoY Net sales 85,090 100.0 -5.3 88,508 100.0 4.0 Cost of sales* 74,685 87.8 -5.6 76,634 86.6 2.6 Gross profit 10,404 12.2 -2.6 11,874
Slide 6: Profit & loss statement: Change by business segment
Consolidated results for first half of FY2011 （１）Profit & loss statement ① Change by business segment ■ Net sales (¥ millions; rounded down, %) Period 1st half of FY2010 1st half of FY2011 FY2010 Segment % of total YoY % of total YoY % of total YoY Toy business 30,376 35.7 7.0 34,092 38.5 12.2 69,10
Slide 7: Profit & loss statement: Sales by channel
Consolidated results for first half of FY2011 （１）Profit & loss statement ②Sales by channel (¥ millions; rounded down, %) Period 1st half of FY2010 1st half of FY2011 FY2010 Channel % of total YoY % of total YoY % of total YoY Specialty stores* 295 34.7 0.2 284 32.1 -3.6 653 34.2 2.3 General merchand
Slide 8: Profit & loss statement: Main business summary
Consolidated results for first half of FY2011 （１）Profit & loss statement ③Main business summary ■ Toy business (¥100millions; rounded down, %) Period 1st half of FY2010 1st half of FY2011 FY2010 Manufacturer % of total YoY % of total YoY % of total YoY Bandai Co., Ltd. 158 52.2 6.0 179 52.7 13.3 374
Slide 9: Profit & loss statement: Main business summary, video game platforms
Consolidated results for first half of FY2011 （１）Profit & loss statement ③Main business summary ■Sales by video game platform (¥100millions; rounded down, %) Period 1st half of FY2010 1st half of FY2011 FY2010 Platform % of total YoY % of total YoY % of total YoY PlayStation3（PS3） 23 12.5 20.4 26 16
Slide 10: Consolidated results: Balance sheet (assets)
Consolidated results for first half of FY2011 （２）Balance sheet (¥ millions; rounded down, %) 1st half of 1st half of FY2010 FY2010 FY2011 Change (Assets) Cash and deposits 6,601 8,220 10,109 1,888 Accounts and notes receivable 23,360 23,206 23,655 449 Inventories 8,199 6,436 6,880 444 Advances 1,077
Slide 11: Consolidated results: Balance sheet (liabilities and net assets)
Consolidated results for first half of FY2011 （２）Balance sheet (¥ millions; rounded down, %) 1st half of 1st half of FY2010 FY2010 FY2011 Change （Liabilities） Accounts and notes payable 20,741 20,204 21,518 1,314 Short-term Debt 2,390 ― ― ― Deferred payments 2,671 3,225 2,927 -297 Income tax payable
Slide 12: Consolidated results: Cash-flow statement
Consolidated results for first half of FY2011 （３）Cash-flow statement (¥ millions; rounded down, %) 1st half of 1st half of FY2010 FY2011 Change Cash flows from operating activities Net income before income taxes 1,271 2,384 1,113 Depreciation and amortization 384 346 -37 Change in provision for Busi
Slide 13: Reference: Full Year Projections for FY2011
【Reference】 Full Year Projections for FY2011 (¥ millions; rounded down, %) FY2010 FY2011 % of total YoY % of total YoY Net sales 190,891 100.0 -1.7 192,000 100.0 0.6 Cost of sales 168,564 88.3 -1.9 169,500 88.3 0.6 Gross profit 22,326 11.7 -0.6 22,500 11.7 0.8 SG&A expenses 19,471 10.2 -3.3 19,400 1
Slide 14: Reference: Full Year Projections by business segment
【Reference】 Full Year Projections for FY2011 ■Sales projection by business segment (¥ millions; rounded down, %) Period FY2010 FY2011 Segment % of total YoY % of total YoY Toy business 69,104 36.2 5.3 70,000 36.5 1.3 Visual and Music business 57,759 30.3 -14.9 55,000 28.6 -4.8 Video-game business 46
Slide 15: First Half of FY2011 Summary for each business
First half of FY2011 Summary for each business Kazuhiko Note President and COO 14
Slide 16: Toy Business (1)
First Half of FY2011 Business Summary Toy Business (1) Net sales and segment income The first half in review * Operating income for 1st half of FY2009 Net sales Segment (million yen) income Net sales Segment income (million yen) 40,000 2,000 34,092 Character products for boys, 30,376 including those
Slide 17: Toy Business (2): Benefits of Business Structural Reform
First Half of FY2011 Business Summary Toy Business (2) Benefits of Business Structural Reform Segment income and clearance amounts Inventory amounts and inventory turnover rate I n ve n t o r y Inventory Cle ar an c e amo u n t s Segment profit amo u n t s turnover rate Segment income (hundred milli
Slide 18: Toy Business (3): Trial implementation of packaged layouts for selling spaces
First Half of FY2011 Business Summary Toy Business (3) Trial implementation of packaged layouts for selling spaces 17
Slide 19: Toy Business (4): Proposing product mix displays in selling spaces
First Half of FY2011 Business Summary Toy Business (4) Proposing product mix displays in selling spaces <A conceptual example of display in selling spaces> ©2011 石森プロ・テレビ朝日・ＡＤＫ・東映 ©石森プロ・テレビ朝日･ADK･東映ビデオ･東映 ©BANDAI 2008-2011 DVDs Card Games Capsule And more Toys for Kids Toys & CDs Proposing product m
Slide 20: Visual and Music Business (1)
First Half of FY2011 Business Summary Visual and Music Business (1) Net sales and segment income The first half in review * Operating income for FY2009 Net sales Segment income Segment Net sales income (million yen) (million yen) Despite the struggle amid the 40,000 1,000 stagnation of the package 3
Slide 21: Visual and Music Business (2): Improvement in rejection rate
First Half of FY2011 Business Summary Visual and Music Business (2) Improvement in rejection rate ■ Rejection rate for each company (by dealers) was reset. [Rejection Rate] Video & Music Business First Half of FY2010 First Half of FY2011 as a whole 9.1% 6.3% First Half of FY2010 First Half of FY2011
Slide 22: Visual and Music Business: Noteworthy products in the second half
First Half of FY2011 Business Summary Visual and Music Business (2) Noteworthy products in the second half 発売・販売元：ハピネット ©2011『うさぎドロップ』製作委員会 Bunny Drop DVD due on Feb. 2, 2012 ©2012 のりつけ雅春・小学館/「アフロ田中」製作委員会 ©2009 TWC Asian Film Fund, LLC. All rights reserved. Other DVD titles: Afro Tanaka Shanghai - T
Slide 23: Video-Game Business (1)
FY2011 Business Summary Video-Game Business (1) Net sales and segment income The first half in review * Operating income for FY2009 Segment Net sales (million yen) Net sales Segment income income (million yen) 20,000 19,395 1,000 18,703 16,492 Performance was sluggish 15,000 because of a lack of com
Slide 24: Video-Game Business (2): Release of new game consoles and increase in game titles
First Half of FY2011 Business Summary Video-Game Business (2) Release of new game consoles and increase in game titles Nintendo 3DS PlayStation® Vita Released on Nov. 3, 2011 To be released on Dec. 1, 2011 To be released on Dec. 17, 2011 More than 20 game titles will be released at the same time. To
Slide 25: Video-Game Business (3): Selling PlayStation Vita accessories
First Half of FY2011 Business Summary Video-Game Business (3) Selling PlayStation® Vita accessories as PlayStation® PlayStation® official licensed products ■ Jackets, an essential accessory for smartphones, will be released for PlayStation® Vita. ■ The jackets will be released on the same day as the
Slide 26: Amusement Business (1)
FY2011 Business Summary Amusement Business (1) Net sales and segment income The first half in review * Operating income for FY2009 Net sales Segment income Net sales Segment Capsule toy vending income (million yen) (million yen) machines achieved solid 11,220 1,300 sales of character products for bo
Slide 27: Amusement Business (2): Benefits of the business structural reform
FY2011 Business Summary Amusement Business (2) Benefits of the business structural reform Segment income and Inventory amount and fixed cost productivity inventory turnover rate Segment income Fixed cost productivity Inventory amounts Inventory turnover rate 158 18.2 Segment profit (billion yen) Fix
Slide 28: Amusement Business (3): Linkage with toys, events
First Half of FY2011 Business Summary Amusement Business (3) Linkage with toys Active organization of events Striving to introduce machines to more large -scale events that take place at different locations Event sales in the Amusement Business FY2010: ¥57 million Nearly tripled FY2011: (projection)
Slide 29: Full Year Projections for FY2011
Full Year Projections for FY2011 Kazuhiko Note President and COO 28
Slide 30: Full Year Projections for FY2011 by business segment
Full Year Projections for FY2011 Sales projection by business segment (¥ millions; rounded down, %) Period FY2010 FY2011 Segment % of total YoY % of total YoY Toy business 69,104 36.2 5.3 70,000 36.5 1.3 Visual and Music business 57,759 30.3 -14.9 55,000 28.6 -4.8 Video-game business 46,447 24.3 4.7
Slide 31: Consolidated Projection for FY2011
Full Year Projections for FY2011 Consolidated Projection for FY2011 (¥ millions; rounded down, %) FY2010 FY2011 projection YOY Net sales 190,891 192,000 0.6 Operating income 2,855 3,100 8.6 Ordinary income 3,013 3,200 6.2 Net income 1,376 1,600 16.2 30
Slide 32: Happinet
Happinet