Asahi Broadcasting Group Holdings Corporation · TSE:9405
Asahi Broadcasting — Q2 FY2023 Earnings Presentation
31 slides from Asahi Broadcasting's earnings presentation, Nov 20, 2023
Slide 1: Presentation for the Second Quarter of 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 the Second Quarter of
Slide 2: Matters to be reported
Matters to be reported Overview of Financial Report for the Second Quarter of Fiscal 2023 and Consolidated Financial Results Forecasts for Fiscal 2023 ・ Consolidated Results and Segment Information…P.4 ・ Asahi Television Broadcasting Results …P.11 ■ Growth Investment/Financial Strategy …P.20 2
Slide 3: Greetings
Greetings Susumu Okinaka Representative Director and President Asahi Broadcasting Group Holdings Corporation 3
Slide 4: Consolidated Results
Consolidated Results Hironobu Nakamura Director (Accounting) Asahi Broadcasting Group Holdings Corporation 4
Slide 5: Consolidated Results
Consolidated Results (Millions of yen) FY23/3 1H FY24/3 1H YoY % Change (Apr. to Sep. 2022) (Apr. to Sep. 2023) Net Sales 41,100 41,776 675 1.6% Operating Expenses 40,806 42,768 1,962 4.8% Cost of Sales 28,121 29,977 1,856 6.6% Details Selling, General and Administrative Expenses 12,684 12,790 105 0
Slide 6: Trend of Consolidated Results
Trend of Consolidated Results (Millions of yen) Net Sales Operating Income 40,000 4,500 3,000 1,500 0 0 -1,500 FY21/3 FY22/3 FY23/3 FY24/3 FY21/3 FY22/3 FY23/3 FY24/3 1H 33,077 40,889 41,100 41,776 1H -1,118 1,234 293 -992 2H 45,267 44,210 45,928 2H 3,813 2,968 2,300 6
Slide 7: Results by Segment
Results by Segment Net Sales FY23/3 1H FY24/3 1H YoY % Change (Apr. to Sep. 2022) (Apr. to Sep. 2023) Broadcasting and Content 34,482 35,541 1,058 3.1% Broadcasting 26,468 25,550 -917 -3.5% By business Content 7,987 9,948 1,961 24.6% Other 26 42 15 56.3% Lifestyle 6,617 6,234 -383 -5.8% Housing 4,47
Slide 8: FY24/3 Consolidated Financial Results Forecasts
FY24/3 Consolidated Financial Results Forecasts FY23/3 FY24/3 FY24/3 YoY % Change (actual) (as of May) (revised in Nov.) Net Sales 87,028 90,000 88,000 972 1.1% Operating Income 2,594 2,500 1,300 -1,294 -49.9% Ordinary Income 2,661 2,700 1,500 -1,161 -43.6% Profit Attributable to Owners of Parent 1,
Slide 9: Financial Results Forecasts by Segment
Financial Results Forecasts by Segment FY23/3 FY24/3 Forecast Net Sales Actual (revised in Nov.) YoY % Change Broadcasting and Content 72,967 73,800 832 1.1% Broadcasting 55,516 55,100 -416 -0.7％ By business Content 17,387 18,600 1,212 7.0% Other 63 100 36 57.0% Lifestyle 14,061 14,200 138 1.0% Hous
Slide 10: Dividends
Dividends Interim dividend Year-end dividend 30 28 26 24 25 20 20 18 18 18 16 18 16 17 15 10 17 12 9 9 10 6 10 12 10 6 5 5 9 9 10 10 9 10 6 6 5 7 6 0 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 (FY) 10
Slide 11: ABC TV Results
ABC TV Results Shinya Yamamoto Representative Director and Vice-President Asahi Broadcasting Group Holdings Corporation Representative Director and President Asahi Television Broadcasting Corporation 11
Slide 12: ABC TV Results
ABC TV Results (Millions of yen) FY23/3 1H FY24/3 1H YoY % Change (Apr. to Sep. 2022) (Apr. to Sep. 2023) Net Sales 26,859 27,275 415 1.5% Operating Expenses 26,484 27,691 1,207 4.6% Cost of Sales 16,588 18,110 1,521 9.2% Details Selling, General and Administrative Expenses 9,895 9,581 -314 -3.2% Op
Slide 13: Details of ABC TV Revenue
Details of ABC TV Revenue (Millions of yen) FY22/3 1H FY23/3 1H FY24/3 1H YoY % Change (Apr. to Sep. 2021) (Apr. to Sep. 2022) (Apr. to Sep. 2023) Broadcasting Revenue 23,463 23,317 22,551 -766 -3.3% Content Revenue 2,570 3,400 4,579 1,178 34.7% Other Revenue 163 140 143 3 2.1% ■Broadcasting Revenue
Slide 14: Trends of ABC TV Major Broadcasting Revenues
Trends of ABC TV Major Broadcasting Revenues (Millions of yen) ■Spot ・Down -4.1% YoY FY21/3 1H FY22/3 1H FY23/3 1H FY24/3 1H *See the following pages for more details. (Apr. to Sep. (Apr. to Sep. (Apr. to Sep. (Apr. to Sep. 2023) 2020) 2021) 2022) ■Network (Time) ・Down -2.6% YoY Spot 11,045 14,178 1
Slide 15: ABC TV Spot Revenue (Quarterly Performance)
ABC TV Spot Revenue (Quarterly Performance) (Millions of yen) FY21/3 FY22/3 FY23/3 FY24/3 8,412 8,464 8,225 7,584 8,077 7,900 7,427 7,986 6,781 7,158 6,594 6,460 5,369 5,675 1Q 2Q 3Q 4Q (APR-JUN) (JUL-SEP) (OCT-DEC) (JAN-MAR) 1Q was 96.4% of previous year, while 2Q was 95.3%. First half was 95.9% of
Slide 16: ABC TV Spot Revenue (By Top Industries)
ABC TV Spot Revenue (By Top 20 Industries） FY23/3 1H (Apr. to Sep. 2022) FY24/3 1H (Apr. to Sep. 2023) Industry YoY Composition rate YoY Composition rate Transportation/Leisure/Food Services/Services 115.8% 14.0% 105.3% 15.4% Beverages/Liquors 93.3% 9.1% 110.8% 10.5% Foods 93.9% 9.4% 93.8% 9.2% Phar
Slide 17: Television Viewer Ratings in Kansai Region (Individual)
Television Viewer Ratings in Kansai Region for Apr-Sep 2023* [ 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 3.4% 5.5% 5.3% 3.0% YTV ABC YTV ABC ２ 3.3% 5.0% 5.2% 2.6% KTV KTV KTV KTV ３ 3.0% 4.7% 4.7% 2.2% MBS MBS MB
Slide 18: FY2023 1H Notable Results
FY2023 1H (Apr-Sep 2023) Notable Results In April, ABC Established its First Broadcasts and Streams of all Games Increased Number of Events Due to New in-House Nationwide Network Drama Contributed to Expanded Viewer Categorization of COVID-19 as a Class 5 Series Slot in 28 Years Demographics for Hig
Slide 19: FY2023 2H Initiatives
FY2023 2H (Oct 2023-Mar 2024) Initiatives Encouraging Real-Life Engagement With Creating Community Excitement Program Fans Through Food ▶Travel Salad -Discovering fresh sites of ▶Abundant Japanese ingredients × chef Japan- event held creativity and imagination 11/3 (Fri, holiday) to 11/5 (Sun), for
Slide 20: Growth Investment / Financial Strategy
Growth Investment / Financial Strategy Susumu Okinaka Representative Director and President Asahi Broadcasting Group Holdings Corporation 20
Slide 21: Improving Capital Efficiency Through Business Portfolio Optimization and Asset Review
Improving Capital Efficiency Through Business Portfolio Optimization and Asset Review 1. Business Portfolio Optimization We are optimizing our business portfolio to achieve significant growth, shifting management resources and capital to strategic areas through selection and concentration. 2. Invest
Slide 22: Business Portfolio Optimization: Animation Business Initiatives
Business Portfolio Optimization: Animation Business Initiatives Strengthen the growing animation business further through M&A and organizational restructuring to achieve our medium-term management strategy Expanding business lineup (M&A) goals* Holdings Unified strategic direction and stronger busin
Slide 23: Reference Materials
23 Reference Materials INTE
Slide 24: NEW HOPE 2021-2025 Vision and Priority Targets
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
Slide 25: Capital Investments/Depreciation and Amortization
Capital Investments/Depreciation and Amortization FY23/3 1H FY24/3 1H (Apr. to Sep. 2022) (Apr. to Sep. 2023) Consolidated ABC TV Consolidated ABC TV Capital ¥2.5 billion ¥0.2 billion ¥2.0 billion ¥1.2 billion Investments Depreciation and ¥1.9 billion ¥0.9 billion ¥1.8 billion ¥0.9 billion Amortizat
Slide 26: Major Group Companies: Broadcasting Business
Major Group Companies① <Broadcasting Business> ABC Radio sky-A (CS broadcasting) Net Sales Operating Income 2,002 2,056 1,732 1,486 1,184 1,181 1,057 1,068 274 85 46 38 28 -91 -45 -93 (FY) 21/3 1H 22/3 1H 23/3 1H 24/3 1H (FY) 21/3 1H 22/3 1H 23/3 1H 24/3 1H 26
Slide 27: Major Group Companies: Content Business
Major Group Companies② <Content Business> ABC Frontier * ABC ANIMATION MASH Net Sales Operating Income 1,327 1,207 1,130 929 990 943 809 752 810 642 659 378 111 126 99 70 11 52 59 58 -15 6 (FY) 21/3 1H 22/3 1H 23/3 1H 24/3 1H (FY) 21/3 1H 22/3 1H 23/3 1H 24/3 1H (FY) 21/3 1H 22/3 1H 23/3 1H 24/3 1H
Slide 28: Major Group Companies: Lifestyle Business
Major Group Companies③ <Lifestyle Business> ABC Development ABC GOLF CLUB Net Sales Operating Income 5,471 436 489 509 371 4,774 4,700 -1 28 20 4,581 -68 (FY) 21/3 1H 22/3 1H 23/3 1H 24/3 1H ABC FUN LIFE 1,632 493 1,187 1,222 761 211 154 107 96 56 52 -220 (FY) 21/3 1H 22/3 1H 23/3 1H 24/3 1H (FY) 21
Slide 29: Television Viewer Ratings in Kansai Region (Household)
Television Viewer Ratings in Kansai Region for Apr-Sep 2023* [ 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 YTV ABC YTV １ 6.1% 8.7% 9.1% 5.5% YTV ABC YTV ABC ２ 5.9% 8.5% 8.4% 4.8% KTV NHK KTV KTV ３ 5.4% 7.9% 7.4% 4.0% MBS KTV MBS MBS ４
Slide 30: ANN's TV Network
ANN’s TV Network Asahi Television Broadcasting Corporation 21.59 million people 10.18 million households TV Asahi Corporation 43.61 million people 20.92 million households 30
Slide 31: 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 — Q2 FY2023 Earnings Presentation on 6ix