UNITED, Inc. · TSE:2497
UNITED — Q3 FY03/22 Earnings Presentation
23 slides from UNITED's earnings presentation, Feb 8, 2022
Slide 1: Third Quarter, Fiscal Year Ending March 2022 Financial Results
Third Quarter, Fiscal Year Ending March 2022 Financial Results February 8, 2021 United, Inc. (TSE Mothers: code 2497)
Slide 2: Agenda
Agenda Financial Highlights of the 1 First Nine Months of FY03/22 P1 2 Performance by Segment in Q3 FY03/22 P7 3 Appendix P17 All opinions, forecasts, and outlooks expressed in this presentation reflect the judgement of United, Inc. based on the information available at the time the material was cre
Slide 3: Segments and Their Businesses
Segments and Their Businesses Growth drivers Earnings drivers We actively invest in these businesses, We generate stable earnings in these businesses which we position as our future growth drivers. through operation focusing on profitability. DX Platform Segment Content Segment Operates TechAcademy,
Slide 4: Financial Highlights of Q3 FY03/22
Financial Highlights of Q3 FY03/22 ※ Consolidated Sales: ¥10,786 million (-1% YoY) Operating Operating Income: ¥5,612 million (-1% YoY) Performance Growth Drivers KiRAMEX Co. DX Platform Sales: ¥1,670 million (-13% YoY) Brewus, Inc. For DX Solution Division P8 Segment Operating Income: -¥382 million
Slide 5: Q3 Progress vs. Full-year FY03/22 Forecast
Q3 Progress vs. Full-year FY03/22 Forecast We have nearly reached the full-year targets for all profit lines from operating income and below. However, we decided to leave our forecast for the full year unchanged in light of our continued investment into the DX Platform Segment. Sales: ¥13,000 millio
Slide 6: Consolidated P/L Statement
Consolidated P/L Statement SG&A expenses decreased 16% YoY, owing largely to the office downsizing we carried out in FY03/21. Q3 FY03/21 Q3 FY03/22 YoY (Millions of yen) Sales 10,941 10,786 -1% Gross profit 7,984 7,526 -6% SG&A expenses 2,291 1,913 -16% Operating Income 5,693 5,612 -1% Non-operating
Slide 7: Status of Share Repurchase
Status of Share Repurchase We are currently repurchasing shares to increase our capital efficiency and stock value. All shares being repurchased at this time are slated for cancellation at the end of March 2022. Status of share repurchase (As of December 31, 2021) Class of shares Common shares of Un
Slide 8: Agenda
Agenda Financial Highlights of the 1 First Nine Months of FY03/22 P1 2 Performance by Segment in Q3 FY03/22 P7 3 Appendix P17 All opinions, forecasts, and outlooks expressed in this presentation reflect the judgement of United, Inc. based on the information available at the time the material was cre
Slide 9: DX Platform Segment: Sales and Operating Income
DX Platform Segment: Sales and Operating Income Sales in services for companies continued to grow as we proactively expanded our business areas. In services for individuals, rivals increased in tandem with market growth, and sales at TechAcademy continued to fall due to intensified competition for s
Slide 10: DX Platform Segment: Overall Policy
DX Platform Segment: Overall Policy We will promote the digital transformation (DX) of individuals and companies, and advance DX in society as a platform that can also match the two. For the time being, we will focus on strengthening our ability to match individuals and companies in order to encoura
Slide 11: DX Platform Segment: Strengthening the Education Quality of TechAcademy
DX Platform Segment: Strengthening the Education Quality of TechAcademy TechAcademy, managed by KiRAMEX Co., formed a business alliance with Techpit, Inc., which operates Techpit, a marketplace specializing in learning materials for programming. Business alliance The business alliance aims to offer
Slide 12: Investment Segment: Sales and Breakdown of Operational Investment Securities
Investment Segment: Sales and Breakdown of Operational Investment Securities We completed the sale of securities in line with the full-year plan, and recorded gains on distribution from fund investment as LP. Sales Trend (Millions of yen) Breakdown of Operational Investment Securities 5,456 As of De
Slide 13: Investment Segment: New Startup Investments
Investment Segment: New Startup Investments In Q3, we made new investments in four startups. Investee companies Business description C2C PTE. LTD. Provides systems that support the matching of service providers and users, primarily in C2C businesses ventus Inc. Supports fan business in sports and en
Slide 14: Investment Segment: Major Startup Investments
Investment Segment: Major Startup Investments We expect to achieve consistent capital gains by continuing to invest widely in promising startups. Post IPO Middle to later stage シード～アーリー Seed to early stage new new new new 13
Slide 15: Investment Segment: Major Funds We Invest in as LP
Investment Segment: Major Funds We Invest in as LP We expect to record gains on distribution from the multiple external funds we invest in as an LP. These funds, which allow us to reach out to over 1,000 startups, also serve as our source of new investment projects. Funds we invest in as LP 14
Slide 16: Content Segment: Sales and Operating Income
Content Segment: Sales and Operating Income Sales were up 1% YoY, while operating income declined 34% YoY. However, these YoY changes follow the typical trend of our performance in previous years, and we expect the full-year results to come in as planned. Sales Trend (Millions of yen) Operating Inco
Slide 17: Ad Technology Segment: Sales and Operating Income
Ad Technology Segment: Sales and Operating Income Sales and operating income fell YoY in Web Install Ad, our continuing business, as major advertisers temporarily reined in advertising expenditures in reaction to the falloff of stay-at-home-related spending seen a year ago. We expect performance to
Slide 18: Agenda
Agenda Financial Highlights of the 1 First Nine Months of FY03/22 P1 2 Performance by Segment in Q3 FY03/22 P7 3 Appendix P17 All opinions, forecasts, and outlooks expressed in this presentation reflect the judgement of United, Inc. based on the information available at the time the material was cre
Slide 19: Consolidated P/L Statement for Q3 FY03/22
Consolidated P/L Statement for Q3 FY03/22 Difference Q3 FY03/21 Q2 FY03/22 Q3 FY03/22 (Millions of yen) YoY QoQ Sales 1,943 3,347 2,686 +38% -20% DX Platform Segment 679 565 564 -17% -0% Investment Segment 249 1,761 1,230 +393% -30% Content Segment 694 760 699 +1% - 8% Ad Technology Segment 330 261
Slide 20: Consolidated Balance Sheet for Q3 FY03/22
Consolidated Balance Sheet for Q3 FY03/22 End of FY03/21 End of Q3 FY03/22 Difference (Millions of yen) (March 31, 2021) (December 31, 2021) Current Assets 46,115 44,958 -1,156 Cash & Deposits 13,774 12,962 -811 * Operating Investment Securities 30,953 30,012 -941 Non Current Assets 1,240 2,009 +768
Slide 21: Consolidated Sales and Operating Income in Previous Fiscal Years
Consolidated Sales and Operating Income in Previous Fiscal Years (Millions of yen) Recorded gains on the sale of securities Sales accompanying the listing Operating Income of Mercari, Inc. Profitability improved despite lower sales due to the completion of selection and concentration 22,318 16,267 1
Slide 22: Number of Consolidated Employees and Directors
Number of Consolidated Employees and Directors (Numbers employed) Temporary employees 653 Other full-time employees (Investment Segment/HQ staff) 612 Decline in number of Ad Technology Segment full-time employees consolidated subsidiaries due to realignment Content Segment full-time employees 135 ce
Slide 23: UNITED
UNITED