Fuji Media Holdings, Inc. · TSE:4676
Fuji Media — H1 FY2015 Earnings Presentation
28 slides from Fuji Media's earnings presentation, Nov 4, 2015
Slide 1: 1H FY15 Results Materials
1H FY15 Results Materials (Six Months ended September 30, 2015) November 4, 2015 Fuji Media Holdings, Inc.
Slide 2: Notes on translation and forward-looking statements
These materials are an English translation of the original document in Japanese. The Company's performance forecasts and other information are based on the Company's understanding as of the time the earnings presentation materials were prepared. These materials may contain information about financia
Slide 3: 1H FY15 Financial Highlights
1H FY15 Financial Highlights Consolidated operating income of ¥4.9 billion; Down sharply on Fuji TV results Operating income YoY Urban Increase development Video and Broadcasting ＋156 music ＋1,071 Advertising Other Production (83) Life (115) (28) (220) Decrease information (5,199) Millions of yen Fu
Slide 4: 1H FY15 Business Results
1H FY15 Business Results Millions of yen Previous Consolidated 1H FY15 1H FY14 YoY forecast Change Net Sales 311,736 306,641 1.7% 324,000 (3.8)% Operating Income 4,905 9,518 (48.5)% 8,000 (38.7)% Ordinary Income 8,170 17,334 (52.9)% 10,500 (22.2)% Net Income Attributable to Owners of the Parent 5,07
Slide 5: 1H FY15 Segment Results
1H FY15 Segment Results Net sales Operating income Millions of yen Previous Previous 1H FY15 1H FY14 YoY Change 1H FY15 1H FY14 YoY Change forecast forecast Broadcasting 160,492 170,305 (5.8)% 169,000 (5.0)% 442 5,641 (92.2)% 4,100 (89.2)% Production 26,494 25,082 5.6% 25,000 6.0% 1,442 1,285 12.2%
Slide 6: Highlights of Revision to FY15 Earnings Forecast
Highlights of Revision to FY15 Earnings Forecast Consolidated full-year operating income forecast lowered to ¥21.3 billion Revision to Full-Year Operating Income Forecast (Comparison with Previous Forecast) Raised Video and ＋600 ＋700 Broadcasting ±0 music Advertising Other Production Life (100) Urba
Slide 7: Revision to FY15 Earnings Forecasts
Revision to FY15 Earnings Forecasts Revised Previous Millions of yen Consolidated Change Forecast Forecast Net Sales 644,000 670,000 (26,000) Operating Income 21,300 30,200 (8,900) Ordinary Income 27,300 35,200 (7,900) Net Income Attributable to (4,200) Owners of the Parent 18,100 22,300 Revised Pre
Slide 8: Revision to FY15 Segment Earnings Forecasts
Revision to FY15 Segment Earnings Forecasts Millions of yen Net sales Operating income Revised Previous Revised Previous Change Change forecast forecast forecast forecast Broadcasting 315,800 340,200 (24,400) 4,000 13,800 (9,800) Production 50,400 50,700 (300) 2,500 2,500 0 Video and Music 53,700 55
Slide 9: Dividend Policy
Dividend Policy Dividend determined with consideration for stability, based on a target payout ratio of 40% FY2015 Annual Dividends ¥40 (Revision: None) Yen 50 44 40 40 40 40 36 30 20 16 18 10 0 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 (Forecast) Note: Fuji Media Holdings adopted the unit sh
Slide 10: Fuji TV Results and Initiatives in Growth Areas
Fuji TV Results and Initiatives in Growth Areas 10
Slide 11: Fuji TV: Net Sales and Operating Expenses
Fuji TV: Net Sales and Operating Expenses Millions of yen 1H FY15 1H FY14 YoY Broadcasting Business 123,537 131,106 (5.8)% Broadcasting Revenues 107,098 115,350 (7.2)% Other Broadcasting Business 16,438 15,755 4.3% Revenues Other Businesses 23,092 25,872 (10.7)% Total Net Sales 146,629 156,978 (6.6)
Slide 12: Fuji TV: Time and Spot Advertising Revenues
Fuji TV: Time and Spot Advertising Revenues Millions of yen 2Q FY15 YoY 1H FY15 YoY Network time 25,628 (4.5)% 49,681 (8.5)% Local time 3,589 (9.1)% 6,940 (7.1)% Spot 22,916 (6.7)% 50,475 (5.8)% Total broadcasting 52,134 (5.8)% 107,098 (7.2)% revenues Spot Advertising YoY Trend by Industry July to S
Slide 13: Fuji TV: Programming and Production
Fuji TV: Programming and Production October programming revisions implemented with focus on strengthening Golden and Prime Time lineup Launch of new variety programs Clear main target on kids, teens, and adults 20s to 40s New programs from October Support gained from young people Launched fall 2014
Slide 14: Fuji TV: Production Costs
Fuji TV: Production Costs Billions of yen FY15 FY14 YoY 1Q 22.2 26.0 (14.6)% 2Q 27.3 25.6 6.7% 1H 49.5 51.6 (4.0)% 3Q 25.1 4Q 24.0 2H 49.1 Full-year 100.7 * Direct costs of in-house production and program purchases 14
Slide 15: Fuji TV: Non-Advertising Business
Fuji TV: Non-Advertising Business ■ Other Businesses ■ Other Broadcasting Business Millions of yen Millions of yen 1H FY15 1H FY14 YoY 1H FY15 1H FY14 YoY Other Businesses 23,092 25,872 (2,779) Other Broadcasting Business Revenue 16,438 15,755 683 Event 7,561 10,522 (2,961) Program Sales Revenue 8,8
Slide 16: Fuji TV: Non-Broadcasting Business
Fuji TV: Non-Broadcasting Business Event Business Movie Business Cirque du Soleil’s TOTEM Large-scale, core productions major hits Record ¥4.6 billion in box office Opening Feb. 3, 2016 revenue Advance ticket sales off Leader in box office revenue for to favorable start live-action Japanese movies
Slide 17: Fuji TV: Initiatives in Growth Areas - Program Streaming
Fuji TV: Initiatives in Growth Areas Program Streaming (Digital Businesses) No. of paying subscribers 800,000 Aim for growth as a unique streaming platform No. of monthly users (including free content) offering the latest Fuji TV content, with a back Fuji TV On-Demand 2,000,000 catalogue of more tha
Slide 18: Fuji TV: Initiatives in Growth Areas - Games and Anime
Fuji TV: Initiatives in Growth Areas Games (Digital Businesses) Anime (Other Businesses) Continued contribution from in-house Successive release of anime movie titles developed games Even larger-scale anime movies being planned for release from 2016 Releases of new title of games backed by The Ant
Slide 19: Performance of Major Subsidiaries Excluding Fuji Television
Performance of Major Subsidiaries Excluding Fuji Television 19
Slide 20: Major Subsidiaries excl. Fuji TV: Broadcasting
Major Subsidiaries excl. Fuji TV Broadcasting BS Fuji Extensive renewal of 22:00 timeslot with heavy-hitting new programs Aim for support from a broad viewership range, including young people Mondays Tuesdays Wednesdays BAR LEMON-HART Japanese Century Old Restaurants Quiz! Brain Bell SHOW Introduc
Slide 21: Major Subsidiaries excl. Fuji TV: Video and Music
Major Subsidiaries excl. Fuji TV Video and music Pony Canyon Shift to a business structure that does not rely only on packages Acquire a wide range of diverse earnings sources – live performances, events, streaming, merchandise Multifaceted development of the hit Attack on Titan series Attack on T
Slide 22: Major Subsidiaries excl. Fuji TV: Life Information
Major Subsidiaries excl. Fuji TV Life information Dinos Cecile Ladies’ Cecile Substantial improvement in Cecile business results Wide-scale renovation of catalog and website Added product information page Sales of products on renovated pages has Across-the-board quality Expanded role as reading
Slide 23: Major Subsidiaries excl. Fuji TV: Urban Development
Major Subsidiaries excl. Fuji TV Urban development Sankei Building/GRANVISTA Significant contribution from newly consolidate GRANVISTA Strong growth expected in the hotel and resort business; Coordination with Sankei Building [GRANVISTA Hotels & Resorts] Results positive on high occupancy rates
Slide 24: Reference
rus MEDIA HOLDINGS, INC. Reference 24
Slide 25: CAPEX Plan
CAPEX Plan Billions of yen FY15 FY16 1H Full-year (Plan) (Actual) (Plan) Consolidated 24.3 56.2 38.7 Fuji TV 2.9 7.0 7.5 CAPEX Urban development 19.7 45.0 28.8 Fuji Media HD 0.1 0.4 0.5 Consolidated 9.7 20.2 20.6 Depreciation Fuji TV 4.4 8.8 8.8 and Urban amortization development 2.3 5.2 5.6 Fuji Me
Slide 26: Broadcasting/Video and Music/Life Information
Broadcasting/Video and Music/Life Information Nippon Broadcasting System Pony Canyon (Video and Music) (Broadcasting) Millions of yen Millions of yen 1H FY15 1H FY14 YoY 1H FY15 1H FY14 YoY Net Sales 7,094 7,381 (3.9)% Net Sales 16,964 20,567 (17.5)% Operating Operating 218 270 (19.3)% Income (3
Slide 27: Advertising/Urban Development
Advertising/Urban Development GRANVISTA Hotels & Resorts Quaras(Advertising) Millions of yen (Urban Development) Millions of yen 1H FY15 1H FY14 YoY 1H FY15 1H FY14 YoY Net Sales 19,899 22,398 (11.2)% Net Sales 15,104 --- --- Operating Operating 109 213 (49.0)% Income 2,117 --- --- Income Ordina
Slide 28: Photo and copyright credits
P. 16: Photos: OSA Images, Matt Beard Costumes: Kym Barrett © 2010, 2014 Cirque du Soleil P. 16: © Super Kabuki II ONE PIECE Partners P. 16: © Monika Rittershaus P. 16: © 2015 Fuji Television, J-dream, Toho, FNS 27 companies P. 16: © 2015 Kansai Telecasting, Fuji Television, Japan Music Entertainmen
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