Freebit Co., Ltd. · TSE:3843
Freebit — Q1 FY2024/04 Earnings Presentation
34 slides from Freebit's earnings presentation, Sep 8, 2023
Slide 1: Financial Results for the First Quarter
Notice: This document was prepared by machine translation, and no manual modification has been made to the translated contents. This document is to be used only as a reference, and in cases any differences occur between English version and the original Japanese version, the Japanese version shall pr
Slide 2: 10-year plan from FY2021 to FY2030
10-year plan from FY2021 to FY2030 2024 2027 2030 2030 2030 from The Garage again. from The Garage again. from The Garage again. Pre Core 6G 5G 5G Standby 2
Slide 3: FreeBit Group's Medium-to Long-Term Growth Image
FreeBit Group's Medium-to Long-Term Growth Image SiLK VISION 2020 SiLK VISION 2024 SiLK VISION 2027 SiLK VISION 2030 Corporate and Creator 5G DX Support Business Creator Maker (StandAlone) Promoting the growth of the Bizmodel Maker (4.0) transformation zone and the creation 5G Lifestyle Support Busi
Slide 4: SiLK VISION 2024 Earnings Targets for Fiscal Year Ending April 2024
Medium-term management plan "SiLK VISION 2024" FreeBit Group Earnings Targets for the Fiscal Year Ending April 2024 Aiming for 50 billion yen in sales and 5 billion yen in operating profit (Millions of yen) Operating 52,009 Net sales Base 50,000 income income 46,771 Base 43,075 Base income income 5,
Slide 5: Agenda
Agenda 1. Financial Results for the First Quarter of FY2024/04 ･････ 6 Financial results by segment for the First Quarter 2. of FY2024/04 ･････ 17 3. Progress against the FY2024/04 full-year forecast ･････ 29 4. Appendix ･････ 33 FreeBit Co., Ltd. All Rights Reserved. 5
Slide 6: 1. Financial Results for the First Quarter of FY2024/04
1. Financial Results for the First Quarter of FY2024/04 FreeBit Co., Ltd. All Rights Reserved. 6
Slide 7: Impact of change in fiscal year-end of consolidated subsidiaries
Impact of change in fiscal year-end of consolidated subsidiaries (GIGAPRIZE and its subsidiaries) ◼ GIGAPRIZE Group (GPG) changed the date of its fiscal year-end from March 31 to April 30, the same as our consolidated fiscal year-end. As a result, the consolidated subsidiaries in the current fiscal
Slide 8: Summary of Consolidated Financial Results for the First Quarter
Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending April 2024 FY2024/04 First quarter (Reference) FY2024/04 1Q (Including the impact of the change (Excluding the impact of change in the fiscal year-end) in fiscal year-end)*2 FY2023/04 (Millions of yen) First qu
Slide 9: Topics for the First Quarter of the Fiscal Year Ending April 2024
Topics for the First Quarter of the Fiscal Year Ending April 2024 ・Significant progress over the same period of the previous fiscal year in net sales and all incomes at each stage. Reference figures excluding the impact of the change in GPG's fiscal year-end also showed steady progress compared to t
Slide 10: YoY Variance Analysis Net Sales
YoY Variance Analysis Net Sales Sales remained solid performance in all segments, including the Corporate and Creator 5G DX Support Business and 5G Lifestyle Support Business. As a result, sales increased 26.0% year on year (excluding the impact of the change in the fiscal year end: 10.5% increase).
Slide 11: YoY Variance Analysis Operating Income
YoY Variance Analysis Operating Income While implementing strategic investments, all segments remained solid performance, mainly in 5G Lifestyle Support Business. As a result, actual results increased by 92.5% year on year and base income increased by 69.7%. (Excluded from the change in fiscal year-
Slide 12: Breakdown of strategic investment for FY2023 and FY2024
Breakdown of strategic investment for FY 2023 and FY 2024 Continuous implementation of strategic investments, including acquisition of users for TONE mobile and promotion of businesses in the incubation zone 5G Infrastructure (Millions of yen) Support Business 5G Lifestyle Support Business FY2024/04
Slide 13: YoY Variance Analysis Ordinary Income
YoY Variance Analysis Ordinary Income Due to strong performance in base profit, actual results increased by 110.0% year on year and base profit increased by 81.0%. (Excluded from the change in fiscal year-end: Base profit up 42.0%) (Millions of yen) Strategic Variance in investment TOB-related 395 1
Slide 14: YoY Variance Analysis Quarterly net income attributable to owners of the parent
YoY Variance Analysis Quarterly net income attributable to owners of the parent Increased by 182.5% Year on Year due to increase in ordinary income, etc. (Excluded from the change in fiscal year-end: 131.0% increase) Variance in valuation Increase in (Millions of yen) loss on investment Increase net
Slide 15: Consolidated Results Summary BS
Consolidated Results Summary BS Retained earnings increased due to solid performance, and the equity ratio increased to 25.4%. (Millions of yen) Current Current Assets Liabilities Assets Liabilities 30,640 24,894 29,736 23,210 Cash Equivalent Cash 18,305 Equivalent 16,834 Self- Net Assets Self- Net
Slide 16: Net Sales and Operating Income per Employee
Net Sales and Operating Income per Employee Net sales and operating income (base profit) per employee are expected to increase from the previous fiscal year SiLK VISION SiLK VISION SiLK VISION FY2021 SiLK VISION 2013 2016 2020 /04 2024 (Thousands of yen) 60,000 10,000 Net sales per capita operating
Slide 17: 2. Financial results by segment for the First Quarter of FY2024/04
2. Financial results by segment for the First Quarter of FY2024/04 FreeBit Co., Ltd. All Rights Reserved. 17
Slide 18: Composition by segment
Composition by segment Revenues and profits increased in all segments of 5G Infrastructure Support Business, 5G Lifestyle Support Business, and the Corporate and Creator 5G DX Support Business 5G Infrastructure Corporate and Creator Support Business 16.5% Net sales Segment profit or loss 5G DX Suppo
Slide 19: Performance Progress: 5G Infrastructure Support Business (Mobile Revolution Area)
[Performance Progress] 5G Infrastructure Support Business (Mobile Revolution Area) SiLK VISION 2020 SiLK VISION 2024 SiLK VISION 2027 SiLK VISION 2030 Corporate and Creator 5G DX Support Business Creator Maker (StandAlone) Bizmodel Maker (4.0) 5G Lifestyle Support Business 5G Workstyle / 5G Healthst
Slide 20: 5G Infrastructure Support Business: Performance Progress
5G Infrastructure Support Business：Performance Progress Despite decrease in use of B2B fixed network services and increase in personnel expenses, operating income (Base income) increased 13.1% year on year due to increase in use of B2B mobile services Net Sales and Segment Profit/Loss Segment Profit
Slide 21: 5G Infrastructure Support Business: Mobile Services
5G Infrastructure Support Business：Mobile Services ● Unique plans to meet customer needs ● Trends in composition of sales SIM Provides components While the number of data SIM sales remained Provision of proprietary plans Provision at bandwidth Support planning for your own unchanged, higher value-ad
Slide 22: Performance Progress: 5G Lifestyle Support Business (Lifestyle Revolution Area)
[Performance Progress] 5G Lifestyle Support Business(Lifestyle Revolution Area) SiLK VISION 2020 SiLK VISION 2024 SiLK VISION 2027 SiLK VISION 2030 Corporate and Creator 5G DX Support Business Creator Maker (StandAlone) Bizmodel Maker (4.0) 5G Lifestyle Support Business 5G Workstyle / 5G Healthstyle
Slide 23: 5G Lifestyle Support Business: Performance Progress
5G Lifestyle Support Business: Performance Progress (Millions of yen) Due to several factors such as solid performance of 5G Homestyle and a decrease in SG&A expenses in TONE Business, operating income (Base Income) increased 120.0% year on year (Excluding the impact of the change in the fiscal year
Slide 24: 5G Lifestyle Support Business: Performance Progress
5G Lifestyle Support Business: Performance Progress Steady growth in the number of units provided for ISP services for apartment buildings, a key indicator of 5G Homestyle(GPG), with a total of 1,098,000 units, an increase of 47,000 units compared to the end of the previous fiscal year FY2024/04 Ful
Slide 25: 5G Lifestyle Support Business: Topics
5G Lifestyle Support Business：Topics Launched new services, including ISP services for apartment buildings with a maximum communication rate of 10Gbps and the construction of an Internet connection environment for a multi-purpose gymnasium in Itoshima City Exercise Park (Fukuoka Prefecture) ● Launch
Slide 26: Performance Progress: Corporate and Creator 5G DX Support Business
[Performance Progress] Corporate and Creator 5G DX Support Business (Production Revolution Area) SiLK VISION 2020 SiLK VISION 2024 SiLK VISION 2027 SiLK VISION 2030 Corporate and Creator 5G DX Support Business Creator Maker (StandAlone) Bizmodel Maker (4.0) 5G Lifestyle Support Business 5G Workstyle
Slide 27: Corporate and Creator 5G DX Support Business: Performance Progress
Corporate and Creator 5G DX Support Business ： Performance Progress Increased gross income in the affiliate business and a decrease in SG&A expenses due to the PMI effect following the conversion of FS to a wholly owned subsidiary, Operating income (Base Income) increased 65.0% year on year Net Sale
Slide 28: Corporate and Creator 5G DX Support Business: Topics
Corporate and Creator 5G DX Support Business：Topics Creator Support Platform, "StandAlone" plans to hold events for several thousands audiences and release new apps ● Kentaro Sakaguchi and Eiji Akaso plan to ● Planning to release new apps for Takato Nagata hold events for several thousand audience.
Slide 29: 3. Progress against the FY2024/04 full-year forecast
3. Progress against the FY2024/04 full-year forecast FreeBit Co., Ltd. All Rights Reserved. 29
Slide 30: SiLK VISION 2024 Earnings Targets for Fiscal Year Ending April 2024
Medium-term management plan "SiLK VISION 2024" FreeBit Group Earnings Targets for the Fiscal Year Ending April 2024 Aiming for 50 billion yen in sales and 5 billion yen in operating profit (Millions of yen) Operating 52,009 Net sales Base 50,000 income income 46,771 Base 43,075 Base income income 5,
Slide 31: Progress against the FY2024/04 full-year forecast
Progress against the FY2024/04 full-year forecast Net sales and profits at each stage all exceeded forecasts Projected to progress in 2Q and beyond as planned Progress (Actual: Excluding the impact Progress (Actual: Including the impact Full year of change in fiscal year end) of the change in the fi
Slide 32: Disclaimer
Disclaimer Forward-looking statements in this document, including our forecasts, forecasts, targets, plans and strategies, are based on information that we believe to be reasonable at the time of preparation of this document. Actual results may differ materially from these forecasts and targets due
Slide 33: 5. Appendix
5. Appendix FreeBit Co., Ltd. All Rights Reserved. 33
Slide 34: Explanation of the Three Revolution Areas and Each Business
Explanation of the Three Revolution Areas and Each Business Mobile revolution area 5G Infrastructure Support Market potential In order to solve various social Business 5G related market for the domestic industry is 210.6 problems, such as environmental billion yen, IoT market is 10.2 trillion yen, a