Ly Corporation · TSE:4689
Ly — Yahoo Japan — Q1 FY2011 Earnings Presentation
27 slides from Ly's earnings presentation, Jul 22, 2011
Slide 1: Yahoo Japan Corporation FY2011 1Q Business Results
Yahoo Japan Corporation FY2011 1Q Business FY2011-1Q B i R Results lt ((April-June p 2011)) July 22, 2011 1
Slide 2: Forward-looking statements notice
Statements made at the meeting or included in the documents that are not historical facts are forward-looking statements about the future performance of Yahoo Japan Corporation and its consolidated subsidiaries and affiliates. The Company cautions you that a number of important factors could cause a
Slide 3: FY2011-1Q Highlights – Financial Data
FY2011-1Q Highlights – Financial Data Although the earthquake disaster continued to have an impact, revenues and profits both rose year on year, helped particularly by stronger listing advertising revenue. * The transfer of the research business to MACROMILL, INC., and the sale of shares of NewsWatc
Slide 4: FY2011-1Q Highlights – Media Business
FY2011-1Q Highlights – Media Business Listing advertising through advertising agencies (Paid search advertising [Sponsored Search] and interest-based advertising [Interest Match] ) - Revenue R ffrom the th financial fi i l sector t d declined li d under d ththe iimpactt off th the earthquake th k di
Slide 5: FY2011-1Q Highlights – Business-services Business
FY2011-1Q Highlights – Business-services Business services Business Listing advertising through online order (Paid search advertising [Sponsored Search] and interest-based advertising [Interest Match] ) - Revenue increased year on year and from the previous quarter quarter, supported by the Internet
Slide 6: FY2011-1Q Highlights – Consumer Business
FY2011-1Q Highlights – Consumer Business E-Commerce related revenues (Yahoo! Auctions, Yahoo! Shopping, Pay digital content - Revenues from game-related services, such as Yahoo! Mobage and the Sengoku IXA online game, grew favorably, resulting in increases in pay digital content revenues both year o
Slide 7: Review of FY2011-1Q Business Outlook
Review of FY2011-1Q Business Outlook Listing advertising and game-related revenues rose substantially year on year. However, because display advertising revenues were flat, partially because of the i impact t off the th major j earthquake, th k overallll revenues were almost l t th the mid-point id
Slide 8: FY2011-2Q Business Outlook
FY2011-2Q Business Outlook We will aim to expand sales, particularly in our advertising, shopping-related, and pay digital content businesses. * The fiscal 2010 transfer of the research business to MACROMILL MACROMILL, INC., INC and the sale of shares of NewsWatch, Inc., are expected to cause an app
Slide 9: FY2011 1Q Financial Results
FY2011 1Q Financial Results FY2011-1Q •Major Consolidated subsidiaries at the end of FY2011-1Q Cirius Technologies, Inc. Firstserver, Inc. Feedpath, Inc. GyaO CORPORATION IDC Frontier Inc. Indival, Inc. Netrust, Ltd. Yahoo Japan Customer Relations Corporation Y’s Insurance Inc. Y
Slide 10: FY2011-1Q Statements of Income
FY2011-1Q Statements of Income 2010-1Q 2011-1Q YOY Change Revenue (¥100M) 705 718 1.9 % C t off S Cost Sales l (¥100M) 76 67 -11.0 11 0 % Gross Profit (¥100M) 628 650 3.5 % SG&A (¥100M) 252 262 3.9 % Operating Income (¥100M) 376 388 3.3 % Ordinary Income (¥100M) 375 392 4.6 % Quarterly Net Income (¥
Slide 11: Quarterly Revenue
Quarterly Revenue (¥ 100M) 600 Consumer Business Business- 400 services B i Business 200 Media Business 0 08/4-6 7-9 10-12 09/1-3 4-6 7-9 10-12 10/1-3 4-6 7-9 10-12 11/1-3 4-6 Total 655 660 669 671 676 680 709 732 705 711 750 757 718 *The Company reclassified its business segments from FY2010-1Q. Fi
Slide 12: Quarterly Profits
Quarterly Profits (¥ 100M) 400 50% 40% 300 30% 200 20% 100 10% 0 0% 08/4-6 7-9 10-12 09/1-3 4-6 7-9 10-12 10/1-3 4-6 7-9 10-12 11/1-3 4-6 Operating Income 328 330 331 355 342 344 364 387 376 384 411 423 388 Ordinary Income 324 326 328 350 340 341 364 386 375 385 413 427 392 Operating Margin 50% 50%
Slide 13: FY2011-1Q Performance Breakdown by Business
FY2011-1Q Performance Breakdown by Business (¥ 100M) Revenue Breakdown Cost of Operating Ordinary Operating Ordinary Revenue Sales SG&A Income Income Margin Margin by Business Segment Advertising 97% Media Business 251 Others 3% 24 88 137 138 54.9% 55.1% Advertising 65% Business-services Corporate S
Slide 14: Quarterly SG&A Breakdown
Quarterly SG&A Breakdown (¥ 100M) Major factors for YoY changes QoQ YoY 10/1Q 10/4Q 11/1Q % Change Change Personnel Expenses 79 75 84 32.2% 12.3% 5.8% Expenses related to maintenance Business Commissions 32 35 35 13.7% 1.1% 11.0% and operations increased Sales Promotion Costs 15 23 25 9.8% 7.5% 65.7
Slide 15: FY2011-1Q Balance Sheets
FY2011-1Q Balance Sheets As of As of Increase/ Major Factors for Major Items (¥ 100M) 2010/6/30 2011/6/30 Decrease Increase/Decrease Assets Current Assets 1,879 2,375 496 Increase in cash from operating activities Cash and Deposits 1,032 1,752 720 Accounts Receivable-Others down due to Other Current
Slide 16: FY2011-1Q Cash Flow Statements
FY2011-1Q Cash Flow Statements FY2011-1Q (¥ 100M) Major Items Major Factors for Changes (Apr.-Jun. 2011) Operating Activities 80 Quarterly Net Income before Income Taxes 392 Increase in quarterly net income before income taxes Depreciation Expenses 23 Accounts Receivable-Trade 34 Other Current Asset
Slide 17: Number of Directors and Employees
Number of Directors and Employees (at the End of Quarter) (Number of People) 5,000 4,000 3,000 2,000 1,000 0 08/6 9 12 09/3 6 9 12 10/3 6 9 12 11/3 6 Directors and Auditors of Subsidiaries 26 25 24 39 31 32 30 30 24 24 17 17 18 Employees of Subsidiaries 685 747 814 977 1,082 1,228 1,249 1,238 1,238
Slide 18: Appendix
Appendix 18
Slide 19: Listing Advertising Revenue by Industry
Listing Advertising Revenue by Industry Industries with large year on year increase Industries with large year on year decrease Fashion/Accessories Finance/Insurance/Securities Information Processing/Software/Internet Information Service Interior/Gardening/Reform/DIY 10/1Q 2Q 3Q 4Q 11/1Q Fin
Slide 20: Display Advertising Revenue by Industry
Display Advertising Revenue by Industry Industries with large year on year increase Industries with large year on year decrease Internet Information Service/Email Service Autos (Transport Equipment) Cosmetics/Toiletries Entertainment Related Software Foodstuffs Beverages/Cigarettes 10/1Q
Slide 21: Quarterly Business Data (1)
Quarterly Business Data (1) Indicator (Quarterly average) FY2010-1Q FY2011-1Q Number of Yahoo! JAPAN total monthly page views (millions) 48,043 52,160 Number of monthly mobile phone page views (millions) 7,804 10,115 Number of Yahoo! JAPAN monthly unique browsers (millions)(*1) 217.56 243.90 Number
Slide 22: Quarterly Business Data (2)
Quarterly Business Data (2) Indicator (Quarterly average) FY2010-1Q FY2011-1Q Yahoo! Auctions Number of monthly unique browsers (millions) 36.37 39.57 Number of stores (quarter-end) (quarter end) 17 233 17,233 17 341 17,341 Transaction value (quarterly total)(100 millions of yen) 1,655 1,700 Unit pr
Slide 23: Expanding Usage of Smartphone Services of Yahoo! JAPAN
Expanding Usage of Smartphone Services of Yahoo! JAPAN Page views of smartphone version of eCommerce transaction value on Yahoo! JAPAN start page Yahoo! JAPAN through smartphones 600% 600% A sharp increase after the earthquake q 400% 400% 200% 200% 0% 0% 10/6 9 12 11/3 6 (Y/M) 10/1Q 2Q 3Q 4Q 11/1Q *
Slide 24: Organization Chart of Yahoo! JAPAN
Organization Chart of Yahoo! JAPAN Auditors Board of Directors President & CEO CSO CCO CTO CIO Director & COO President & CEO Director & CFO Media Business Business-services Consumer R&D Group Business Administrative Business (1,863) Division Group (493) Group (358) Group (292) Regional Front-End Me
Slide 25: Yahoo! JAPAN Group – Major Companies
Yahoo! JAPAN Group – Major Companies Business-services Consumer Media Business Operations Business Business Group Group Group Group p Yahoo Japan Y’s Sports Inc. IDC Frontier Inc. Y’s Insurance Inc. Customer Relations Corporation GyaO y Firstserver Inc Firstserver, Inc. N t Netrust, t Ltd Ltd. CREO
Slide 26: Business Segments Breakdown
Business Segments Breakdown Main Components Media Business Advertising: Listing advertising through advertising agencies Display advertising (banner, text, email, and video advertising) Business services Business Business-services Advertising: Listing advertising through online order Corporate servi
Slide 27: IR information
Yahoo Japan p Corporation p IR information is available at : http://ir.yahoo.co.jp/en/ 27