Asahi Broadcasting Group Holdings Corporation · TSE:9405
Asahi Broadcasting — FY2023 Earnings Presentation
39 slides from Asahi Broadcasting's earnings presentation, May 20, 2024
Slide 1: Presentation for Fiscal 2023
Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Asahi Broadcasting Group Holdings Corporation Presentation for Fiscal 2023 (For the
Slide 2: Matters to be reported
Matters to be reported Overview of Consolidated Financial Report for Fiscal 2023 and Financial Results Forecasts for Fiscal 2024 Consolidated Results and Segment Information …P.４ Asahi Television Broadcasting Results …P.10 Growth Strategies …P.22 2
Slide 3: Greetings
Greetings Susumu Okinaka Representative Director and President Asahi Broadcasting Group Holdings Corporation 3
Slide 4: Consolidated Results
Consolidated Results Yoko Kumada Executive Officer (Finance and Accounting) Asahi Broadcasting Group Holdings Corporation 4
Slide 5: Consolidated Results Details
Consolidated Results (Millions of yen) FY23/3 FY24/3 YoY % Change Net Sales 87,028 90,452 3,423 3.9% Operating Expenses 84,434 89,620 5,185 6.1% Cost of Sales 58,067 62,906 4,838 8.3% Details Selling, General and Administrative Expenses 26,366 26,714 347 1.3% Operating Income 2,594 832 -1,761 -67.9%
Slide 6: Results by Segment
Results by Segment (Millions of yen) Net Sales FY23/3 FY24/3 YoY % Change Broadcasting and Content 72,967 76,701 3,734 5.1% Broadcasting 55,516 55,974 458 0.8% By business Content 17,387 20,655 3,268 18.8% Other 63 71 7 12.5% Lifestyle 14,061 13,751 -310 -2.2% Housing 9,770 9,516 -253 -2.6% By busin
Slide 7: FY25/3 Consolidated Financial Results Forecasts
FY25/3 Consolidated Financial Results Forecasts (Millions of yen) FY24/3 (actual) FY25/3 YoY % Change Net Sales 90,452 91,000 547 0.6% Operating Income 832 2,200 1,367 164.2% Ordinary Income 723 2,300 1,576 218.1% Profit Attributable to Owners of Parent -884 1,500 2,384 ー Net Sales Operating Income
Slide 8: FY25/3 Financial Results Forecasts by Segment
FY25/3 Financial Results Forecasts by Segment (Millions of yen) Net Sales FY24/3 (actual) FY25/3 YoY % Change Broadcasting and Content 76,701 77,000 298 0.4% Broadcasting 55,974 55,900 -74 -0.1% By business Content 20,655 21,000 344 1.7% Other 71 100 28 39.6% Lifestyle 13,751 14,000 248 1.8% Housing
Slide 9: Dividends
Dividends Interim dividend Year-end dividend 30 28 26 25 24 18 18 20 20 18 18 17 16 (Forecast) 15 10 17 9 9 10 6 12 12 12 10 ６ 6 5 5 9 9 10 10 9 10 6 5 7 6 6 0 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 (FY) 9
Slide 10: ABC TV Results
ABC TV Results Toshiaki Imamura Managing Executive Officer Asahi Broadcasting Group Holdings Corporation Representative Director and President Asahi Television Broadcasting Corporation 10
Slide 11: ABC TV Results Details
ABC TV Results FY23/3 FY24/3 YoY % Change Net Sales 56,527 58,638 2,111 3.7% Operating Expenses 53,990 57,204 3,213 6.0% Cost of Sales 33,635 37,150 3,515 10.5% Details Selling, General and Administrative Expenses 20,354 20,053 -301 -1.5% Operating Income 2,537 1,434 -1,102 -43.4% Ordinary Income 2,
Slide 12: Details of ABC TV Revenue
Details of ABC TV Revenue (Millions of yen) FY23/3 FY24/3 YoY % Change Broadcasting 49,534 50,122 587 1.2% Revenue Content Revenue 6,694 8,234 1,540 23.0% Other Revenue 297 281 -16 -5.4% ■Broadcasting Revenue ※ Recorded in the broadcasting business in the consolidated financial results Mainly advert
Slide 13: Trends of ABC TV Major Broadcasting Revenues
Trends of ABC TV Major Broadcasting Revenues (Millions of yen) ■Spot ・Down 1.7% YoY FY21/3 FY22/3 FY23/3 FY24/3 *See the following pages for more details ■Network (Time) Spot 27,587 30,817 30,094 29,592 ・Up 7.2% YoY ・Program broadcast time increased with the start of nationwide network drama series
Slide 14: Spot Revenue of TV Business (Quarterly Performance)
Spot Revenue of TV Business (Quarterly Performance) FY21/3 FY22/3 FY23/3 FY24/3 8,412 8,464 8,225 7,584 8,077 7,905 7,427 8,068 6,781 7,900 7,986 7,158 6,594 6,460 5,369 5,675 1Q 2Q 3Q 4Q (APR-JUN) (JUL-SEP) (OCT-DEC) (JAN-MAR) 14
Slide 15: ABC TV Spot Revenue (By Top Industries)
ABC TV Spot Revenue (By Top 20 Industries） April 2022-March 2023 April 2023-March 2024 Rank Industry YoY* Composition rate YoY* Composition rate 1 Transportation/Leisure/Food Services/Services 119.5% 13.3% 108.6% 14.7% 2 Foods 92.9% 9.1% 106.0% 9.8% 3 Beverages/Liquors 86.6% 7.2% 126.8% 9.3% 4 Pharm
Slide 16: Television Viewer Ratings in Kansai Region (Individual)
Television Viewer Ratings in Kansai Region for April 2023- March 2024* [ Individual (ALL) ] All Day Golden Time Prime Time Prime 2 (6:00-24:00) (19:00-22:00) (19:00-23:00) (23:00-25:00) ABC YTV ABC YTV １ 3.5% 5.5% 5.5% 2.9% YTV ABC YTV ABC ２ 3.3% 5.3% 5.3% 2.6% KTV KTV KTV KTV ３ 3.0% 4.7% 4.7% 2.1%
Slide 17: Trends of Ranking of Television Viewer Ratings in Kansai Region
Trends of Ranking of Television Viewer Ratings in Kansai Region (Individual ALL) Over 4 Years All Day (6:00-24:00) Golden Time (19:00-22:00) (FY) (FY) Prime Time (19:00-23:00) Prime 2 (23:00-25:00*) *1:00 a.m. the next day (FY) (FY) 17
Slide 18: FY25/3 ABC TV Results Forecasts
FY25/3 ABC TV Results Forecasts (Millions of yen) FY24/3 FY25/3 YoY % Change (actual) Net Sales 58,638 57,000 -1,638 -2.8% Operating Expenses 57,204 55,000 -2,204 -3.9% Operating Income 1,434 2,000 565 39.4% Ordinary Income 1,522 2,050 527 34.7% FY24/3 FY25/3 YoY % Change (actual) Program Expenses 1
Slide 19: FY25/3 ABC TV Revenue Forecasts
FY25/3 ABC TV Revenue Forecasts (Millions of yen) FY24/3 FY25/3 YoY % Change (actual) Broadcasting Business Revenue 50,122 49,100 -1,022 -2.0% Spot 29,592 29,500 -92 -0.3% Network 13,184 11,900 -1,284 -9.7% Details Local 5,491 5,600 108 2.0% TV Program Streaming (Mainly on TVer) 897 1,000 102 11.5%
Slide 20: FY2023 Notable Results
FY2023 Notable Results The Drama slot at 10 p.m. on The viewer ratings and streaming Large-scale events and Sundays started to broadcast of the popular programs both program-related events nationwide in April 2023 performed well performed well M-1 Grand Prix Who is the Real SAKURA CIRCUS Celebrity?
Slide 21: Establishment of the Content Strategy Headquarters
Establishment of the Content Strategy Headquarters April 2024 Established the Content Strategy Headquarters to strengthen content-driven development. Created "sellable" content through integrated production and sales with ABC Frontier (now a subsidiary of ABC TV), aiming to increase profitability th
Slide 22: Growth Strategies
Growth Strategies Susumu Okinaka Representative Director and President Asahi Broadcasting Group Holdings Corporation 22
Slide 23: FY25/3 Consolidated Financial Results Forecasts
FY25/3 Consolidated Financial Results Forecasts (Millions of yen) FY24/3 (actual) FY25/3 YoY % Change Net Sales 90,452 91,000 547 0.6% Operating Income 832 2,200 1,367 164.2% Ordinary Income 723 2,300 1,576 218.1% Profit Attributable to Owners of Parent -884 1,500 2,384 ー A comprehensive review of t
Slide 24: Creating and Delivering New Happiness
NEW HOPE 2021-2025 Vision and Priority Targets Creating and Delivering New Happiness <Priority Targets> 1. Strengthen and diversify human resources throughout the group 2. Leverage the power of broadcasting and strengthen and deepen group collaboration 3. Build a data utilization system and pursue t
Slide 25: Initiatives for Growth
Initiatives for Growth 1. Business portfolio optimization 2. Effective asset utilization (Sale of cross-shareholdings, etc.) 3. Growth Investment (Investments in content and lifestyle business sectors) 25
Slide 26: Business Portfolio Optimization: Reorganized the Anime Sector
1. Business Portfolio Optimization: Reorganized the Anime Sector Reorganized animation-related companies under the umbrella of ABC October 2023 ANIMATION to maximize earnings via multi-window development. Anime CG video Merchandise production production, etc. Japan Overseas CG Program sales, streami
Slide 27: Business Portfolio Optimization: Reorganized the Live-action Content Sector
1. Business Portfolio Optimization: Reorganized the Live-action Content Sector ABC Frontier became a subsidiary of ABC TV. April 2024 Aiming to increase profitability with a view toward global expansion. Plan, produce, and broadcast Sales and marketing Created "sellable" content and IP through integ
Slide 28: Optimizing the Business Portfolio
1. Optimizing the Business Portfolio Broadcasting and Content Lifestyle Reorganized in April 2024 Reorganized in October 2023 Other 28
Slide 29: Growth Investment: Strengthen At-home Shopping Sector
3. Growth Investment: Strengthen At-home Shopping Sector ABC FUN LIFE (at-home shopping) acquired all shares of Eim, a women's apparel brand ＋ Securing new genres and customer segments for growth and expansion not only in the at-home shopping business but also in the total lifestyle business 29
Slide 30: Expo 2025 Osaka, Kansai, Japan
Expo 2025 Osaka, Kansai, Japan Expo 2025 Osaka, Kansai, Japan Commemorative EXPO EKIDEN 2025 to Be Held on Sunday, March 16, 2025 From the Past to the Future, From Osaka to the World, Passing the Baton to the Next Generation The top teams of universities and businesses are scheduled to participate 3
Slide 31: Financial Plan of Medium-Term Management Strategy
Financial Plan of Medium-Term Management Strategy 2021-2025 Financial Plan announced in May 2023 (Millions of yen) FY2021 FY2022 FY2023 FY2024 FY2025 ▼ By reportable (actual) (actual) (actual) segment Operating Operating Operating Operating Operating Net Sales Net Sales Net Sales Net Sales Net Sales
Slide 32: Reference Materials
32 Reference Materials INTE
Slide 33: Major Group Companies: Broadcasting Business
Major Group Companies① <Broadcasting Business> (Millions of yen) ABC TV ABC Radio Net Sales Operating Income 58,638 55,812 56,527 2,407 2,395 51,288 2,119 2,179 -165 -5 (FY) 21/3 22/3 23/3 24/3 2,933 2,537 1,434 sky-A (CS broadcasting) 1,353 3,756 3,867 3,088 3,541 21/3 22/3 23/3 24/3 21/3 22/3 23/3
Slide 34: Major Group Companies: Content Business
Major Group Companies② <Content Business> (Millions of yen) ABC Frontier ABC ANIMATION MASH Net Sales Operating Income 2,522 2,631 2,563 2,069 2,217 1,681 1,806 1,839 1,668 1,567 1,468 534 262 227 281 136 159 204 103 9 57 16 (FY) 21/3 22/3 23/3 24/3 (FY) 21/3 22/3 23/3 24/3 (FY) 21/3 22/3 23/3 24/3
Slide 35: Major Group Companies: Lifestyle Business
Major Group Companies③ <Lifestyle Business> (Millions of yen) ABC Development ABC GOLF CLUB Net Sales Operating Income 917 986 1,027 12,649 791 59 48 44 -51 10,265 10,201 9,927 (FY) 21/3 22/3 23/3 24/3 ABC FUN LIFE (Note) Corporate name changed from ABC Media Communications from the fiscal year endi
Slide 36: Capital Investments/Depreciation and Amortization
Capital Investments/Depreciation and Amortization FY23/3 FY24/3 FY25/3 (forecasts) Consolidated ABC TV Consolidated ABC TV Consolidated ABC TV Capital Investments ¥7.9bn ¥0.8bn ¥4.0bn ¥2.1bn ¥4.7bn ¥2.6bn Depreciation and ¥3.7bn ¥1.7bn ¥3.6bn ¥1.7bn ¥3.8bn ¥1.9bn Amortization 36
Slide 37: Television Viewer Ratings in Kansai Region (Household)
Television Viewer Ratings in Kansai Region for April 2023- March 2024* [ Household ] All Day Golden Time Prime Time Prime 2 (6:00-24:00) (19:00-22:00) (19:00-23:00) (23:00-25:00) ABC ABC ABC YTV １ 6.2% 8.8% 9.3% 5.3% YTV YTV YTV ABC ２ 5.9% 8.7% 8.4% 4.8% KTV NHK KTV KTV ３ 5.3% 7.9% 7.4% 3.9% MBS KTV
Slide 38: ANN's TV Network
ANN’s TV Network Asahi Television Broadcasting Corporation 21.30 million people 10.39 million households TV Asahi Corporation 43.48 million people 21.49 million households 38
Slide 39: Disclaimer
Disclaimer The financial results forecasts in the period in this presentation are determined on the information available at the moment. As a result, the information contains inherent risks and uncertainties. The outlook may significantly change due to external factors such as domestic and overseas
Asahi Broadcasting Group Holdings — FY2023 Earnings Presentation on 6ix