Hakuhodo Dy Holdings Incorporated · TSE:2433
Hakuhodo Dy — Q1 FY2020 Earnings Presentation
24 slides from Hakuhodo Dy's earnings presentation, Aug 7, 2020
Slide 1: Consolidated Financial Highlights Fiscal Year Ending June 30, 2020 (Q1 FY 2020)
Consolidated Financial Highlights Fiscal Year Ending June 30, 2020 (Q1 FY 2020) August 7, 2020 Hakuhodo DY Holdings, Inc.
Slide 2: Consolidated Results Highlights of Q1 FY 2020
Consolidated Results Highlights of Q1 FY 2020
Slide 3: Q1 FY2020 Summary
Q1 FY2020 Summary Billings and profits fell sharply due to the spread of the new coronavirus infection. - With the spread of the new coronavirus, demand for advertising fell sharply and domestic billings dropped by more than 20%*. - 4Mass media billings were down 30% yoy, and Internet media billings
Slide 4: Q1 FY2020 Income Statements Highlight
Q1 FY2020 Income Statements Highlight ▶ See p.17 for details. （Millions of JPY） Actual YOY Differen Billings 261,023 -71,950 -21.6% Operating Income 398 -6,556 -94.3% Ordinary Income 1,542 -6,340 -80.4% Net Income Attributable to Owners of Parent -3,070 -5,646 -219.2% - Billings decreased by 21.6% y
Slide 5: Q1 FY2020 Results (Excluding Investment Business)
Q1 FY2020 Results (Excluding Investment Business) ▶ See p.18 for details. (Millions of JPY) Actual YOY Billings 255,573 -74,762 -22.6% Revenue 59,258 -10,669 -15.3% Gross Margin 23.2% +2.0pt SGA 64,183 -1,299 -2.0% Operating Income -4,925 -9,369 -210.8% Operating Margin -8.3% -14.7pt Amortization of
Slide 6: Results by Region (Japan: Excluding Investment Business)
Results by Region (Japan: Excluding Investment Business) Q1 FY2020 ▶ See p.19 for details. (Millions of JPY) Actual YOY Billings 218,766 -78,003 -26.3% Revenue 43,796 -10,987 -20.1% Gross Margin 20.0% +1.6pt SGA 44,023 -2,664 -5.7% Operating Income -294 -8,390 -103.6% Operating Margin -0.7% -15.5pt
Slide 7: Results by Region (Overseas)
Results by Region (Overseas) Q1 FY2020 ▶ See p.19 for details. (Millions of JPY) Actual YOY Billings 38,369 +2,166 +6.0% Revenue 16,123 +322 +2.0% Gross Margin 42.0% -1.6pt SGA 17,210 +1,277 +8.0% Operating Income -1,087 -955 n/a Operating Margin -6.7% -5.9pt Amortization of Goodwill* 1,518 +202 +15
Slide 8: Billings by Service Category
Billings by Service Category Q1 FY2020 YOY Composition (Millions of JPY) Actual YOY Ratio Newspapers 6,382 -3,812 -37.4% 2.9% Magazines 2,391 -1,514 -38.8% 1.1% Radio 2,727 -1,005 -26.9% 1.3% Television 75,268 -31,005 -29.2% 34.7% Trad-Media Service Subtotal 86,769 -37,337 -30.1% 40.0% Internet Medi
Slide 9: Billings by Clients’ Industry
Billings by Clients’ Industry 業種別売上高の詳細はp.20参照。 Q1 FY2020 YOY Millions of JPY Pharmaceuticals/Medical supplies Publishing Precision Machinery/Office supplies Household products Education/Medical services/Religion Energy/Material/Machinery Apparel/Accessories Home electric appliances/AV equipment Gov
Slide 10: Selling, General & Administrative Expenses
Selling, General & Administrative Expenses Q1 FY2020 Major Change Factors in SGA (JPY billion) （Millions of JPY） Actual YOY Personnel 44,883 +901 +2.0% Q1 FY2019 SGA 65.4 Rent 4,633 +286 +6.6% Change in scope of consolidation +1.4 Depreciations 1,420 +18 +1.3% Decrease of amortization of G/W -0.0 Am
Slide 11: Other Income & Extra-ordinary Items
Other Income & Extra-ordinary Items Q1 FY2020 Other Income （Millions of JPY） Actual YOY Non-operating Income 1,495 +40 Interest Income 70 -11 Dividend Income 1,155 -22 Non-operating Expenses 351 -175 Interest Expenses 104 -12 Equity Method Loss 177 +32 Extra-ordinary Items （Millions of JPY） FY2019 A
Slide 12: Balance Sheets
Balance Sheets （Millions of JPY） End of Jun 2020 Change * Composition Current Assets 483,790 -111,289 62.6% Cash & Deposits ¥154.8 bil Cash & Deposits 154,878 -11,698 Accounts Recievable 249,443 -107,658 Net Debt ¥-54.0 bil Non-current Assets 288,500 +23,692 37.4% Tangible Assets 34,078 -51 Intangib
Slide 13: Emergency Cost Control Plan & Guidance for FY2020
Emergency Cost Control Plan & Guidance for FY2020
Slide 14: Emergency Cost Control Plan
Emergency Cost Control Plan In the first quarter, the spread of the new coronavirus had a negative impact on our business and a large loss was recorded. Although there have been signs of recovery since July, the speed of recovery is still slow, and we believe it will take a while before the economy
Slide 15: Guidance for FY2020
Guidance for FY2020 At the moment, it still remains very unclear how the coronavirus infection will be resolved and how the economy and the advertising market will recover. We will therefore refrain from disclosing forecasts of consolidated performance and dividends for fiscal 2020. However, while c
Slide 16: Cautionary Statements Concerning Forward-looking Statements, & Note Concerning Audits
Cautionary Statements Concerning Forward-looking Statements, & Note Concerning Audits （Cautionary Statements Concerning Forward-looking Statements） This presentation includes forward-looking statements concerning forecasts of operating results, business plans and policies, management strategies, goa
Slide 17: Supplements
Supplements
Slide 18: Interim Income Statements
Interim Income Statements Japanese GAAP-basis Interim Income Statements foe Q1 FY2020 （Millions of JPY） YTD Actual YOY Billings 261,023 -71,950 -21.6% Revenue 64,650 -7,787 -10.8% Gross Margin 24.8% +3.0pt +0.0% SG&A 64,251 -1,231 -1.9% Operating Income 398 -6,556 -94.3% Operating Margin 0.6% -9.0pt
Slide 19: Results Excluding Investment Business
Results Excluding Investment Business For Q1 FY2020 Results Excluding Investment Business （Millions of JPY） YTD Actual YOY Billings 255,573 -74,762 -22.6% Revenue 59,258 -10,669 -15.3% Gross Margin 23.2% +2.0pt SG&A 64,183 -1,299 -2.0% Operating Income -4,925 -9,369 -210.8% Operating Margin -8.3% -1
Slide 20: Results by Region
Results by Region For Q1 FY2020 （Millions of JPY） Actual YOY Japan Billings 224,216 -75,191 -25.1% Revenue 49,188 -8,105 -14.1% SG&A 44,091 -2,596 -5.6% Operating Income 5,097 -5,508 -51.9% International Billings 38,369 +2,166 +6.0% Revenue 16,123 +322 +2.0% SG&A 17,210 +1,277 +8.0% Operating Income
Slide 21: Billings by Clients’ Industry
Billings by Clients’ Industry For Q1 FY2020 （Millions of JPY） FY2019 Actual YOY Composition Beverages/Cigarettes/Luxury foods 27,976 -4,240 -13.2% 15.1% Information/Communications 22,490 -6,468 -22.3% 12.2% Automobiles/Related products 17,572 -11,506 -39.6% 9.5% Cosmetics/Toiletries 16,807 -4,703 -2
Slide 22: Cash Flow Statements
Cash Flow Statements For Q1 FY2020 （Millions of JPY） Actual YOY Cash Flows from Operating Activities -8,848 +4,838 Cash Flows from Investing Activities -7,398 -2,223 Purchase of property, plant and equipment -909 +254 Proceeds from sales of property, plant and equipment 19 +18 Purchase of intangible
Slide 23: Results of Major Agencies
Results of Major Agencies For Q1 FY2020 （Millions of JPY） Actual YOY Hakuhodo (Consolidated) Billings 168,908 -58,851 -25.8% Ordinary Income -2,079 -8,353 -133.2% Net Income Attributable to Owners of Parent -2,603 -5,852 -180.1% Daiko (Consolidated) Billings 31,075 -4,961 -13.8% Ordinary Income -209
Slide 24: HakuhodoDY holdings
HakuhodoDY holdings BRED KIT 4 UIA
Hakuhodo DY Holdings — Q1 FY2020 Earnings Presentation on 6ix