Ly Corporation · TSE:4689
Ly — Yahoo Japan — Q3 FY2011 Earnings Presentation
30 slides from Ly's earnings presentation, Jan 25, 2012
Slide 1: FY2011 3Q Business Results (October-December 2011)
Yahoo Japan Corporation FY2011 3Q Business FY2011-3Q B i R Results lt ((October-December 2011)) January 25, 2012 1
Slide 2: Forward-looking statements and appendix contents
Statements made at the meeting or included in the documents that are not historical facts are forward-looking forward looking statements about the future performance of Yahoo Japan Corporation and its consolidated subsidiaries and affiliates. The Company cautions you that a number of important facto
Slide 3: FY2011-3Q Highlights – Financial Data
FY2011-3Q Highlights – Financial Data Revenue and operating income both increased year on year and quarter on quarter quarter, supported by expanding revenues, particularly from advertising and game-related services. (¥100M) YOY 2010-3Q 2011-3Q Change Revenue R 750 765 2.0% 2 0% Operating Income 411
Slide 4: FY2011-3Q Highlights – Media Business
FY2011-3Q Highlights – Media Business Listing advertising through advertising agencies (Paid search advertising [Sponsored Search] and interest-based advertising [Interest Match] ) - Despite an increase in mail order, recruitment services, fashion and accessory-related, and other advertising, revenu
Slide 5: FY2011-3Q Highlights – Business-services Business
FY2011-3Q Highlights – Business-services Business services Business Listing advertising through online order (Paid search advertising [Sponsored Search] and interest-based advertising [Interest Match] ) - As a result of stepping up efforts to strengthen sales activities through upgraded collaboratio
Slide 6: FY2011-3Q Highlights – Consumer Business
FY2011-3Q Highlights – Consumer Business E-Commerce related revenues (Yahoo! Auctions, Yahoo! Shopping, Pay digital content - Driven by strong game-related service revenues from Yahoo! Mobage and the Sengoku IXA online game, pay digital content revenues increased year on year. - Started offering the
Slide 7: Review of FY2011-3Q Business Outlook
Review of FY2011-3Q Business Outlook Display advertising, data center-related, recruitment and human resource-related, and other revenues performed better than forecasts. Conversely, growth in listing advertising revenue was limited because of a sharp drop in advertising from the Internet informatio
Slide 8: FY2011-4Q Business Outlook
FY2011-4Q Business Outlook We will target sales growth, focusing on our advertising-related business, particularly paid search advertising, and e-commerce-related business, including pay digital content content. SG&A expenses are expected to grow as a result of greater sales promotion costs, busines
Slide 9: FY2011 Business Outlook
FY2011 Business Outlook (¥ 100M) FY2010 FY2011 (Actual) (Forecast) Revenue 2,924 2,997-3,045 Operating Income 1,596 1,633-1,666 Ordinary Income 1,602 1,652-1,685 Net Income 921 971-991 The above FY2011 full year projection is the cumulative actual results of FY2011 1Q to 3Q plus the FY2011-4Q FY2011
Slide 10: Special Note: Business tie-up with Credit Saison Co., Ltd.
Special Note: Business tie-up p with Credit Saison Co.,, Ltd. Tie-up for Online to Offline (O2O) More and more online information is impacting on consumers’ offline purchasing activities. In partnership with Credit Saison, which has one of the largest card member base in Japan p and,, “Permanentlyy
Slide 11: Special Note: Aggressive promotion of O2O tie-up
Special Note: Aggressive gg promotion p of O2O tie-up p million illi million illi 35 8 35.8 members 69 26 69.26 members (JCB brand) One of the largest point balances Member store network in the credit card industry 36 36.0 0 million members (Ponta members) 38 38.41 41 million members One of the larg
Slide 12: FY2011 3Q Financial Results
FY2011 3Q Financial Results FY2011-3Q •Major consolidated subsidiaries at the end of FY2011-3Q Firstserver, Inc. Feedpath, Inc. GyaO CORPORATION IDC Frontier Inc. Indival, Inc. Netrust, Ltd. Yahoo Japan Customer Relations Corporation Y’s Insurance Inc. Y’s Sports Inc. •Affiliated c
Slide 13: FY2011-3Q Statements of Income
FY2011-3Q Statements of Income 2010-3Q 2011-3Q YOY Change Revenue (¥100M) 750 765 2.0 % Cost of Sales (¥100M) 69 71 3.1 % Gross Profit (¥100M) 680 693 1.9 % SG&A (¥100M) 269 275 24% 2.4 Operating Income (¥100M) 411 418 1.6 % Ordinary Income (¥100M) 413 423 2.4 % Quarterly Net Income (¥100M) 247 253
Slide 14: Quarterly Revenue
Quarterly Revenue (¥ 100M) 600 Consumer Business 400 Business- services Business 200 Media Business 0 08/10-12 09/1-3 4-6 7-9 10-12 10/1-3 4-6 7-9 10-12 11/1-3 4-6 7-9 10-12 Total 669 671 676 680 709 732 705 711 750 757 718 737 765 *The Company reclassified its business segments from FY2010-1Q. Figu
Slide 15: Quarterly Profits
Quarterly Profits (¥ 100M) 60% 400 50% 40% 300 30% 200 20% 100 10% 0 0% 08/10-12 09/1-3 4-6 7-9 10-12 10/1-3 4-6 7-9 10-12 11/1-3 4-6 7-9 10-12 Operating Income 331 355 342 344 364 387 376 384 411 423 388 405 418 Ordinary Income 328 350 340 341 364 386 375 385 413 427 392 410 423 Operating Margin 49
Slide 16: FY2011-3Q Performance Breakdown by Business
FY2011-3Q Performance Breakdown by Business (¥ 100M) Revenue Breakdown Cost of Operating Ordinary Operating Ordinary Revenue Sales SG&A Income Income Margin Margin by Business Segment Media Business 280 Advertising Others 97% 3% 26 101 152 152 54.4% 54.5% Advertising 65% Business-services Business 2
Slide 17: Quarterly SG&A Breakdown
Quarterly SG&A Breakdown (¥ 100M) Major factors for YoY changes QoQ YoY 10/3Q 11/2Q 11/3Q % Change Change Personnel Expenses 82 81 82 29.7% 0.2% -1.0% Expenses related to maintenance Business Commissions 33 37 37 13.5% -0.3% 10.1% and operations increased Sales Promotion Costs 21 25 29 10.7% 17.2% 3
Slide 18: FY2011-3Q Balance Sheets
FY2011-3Q Balance Sheets As of As of Increase/ Major Factors for Major Items (¥ 100M) 2010/12/31 2011/12/31 Decrease Increase/Decrease Assets Current Assets 2,134 2,914 780 Increase in cash from operating activities Cash and Deposits 1,475 2,162 686 Accounts Receivable - Trade 361 414 53 Start up of
Slide 19: FY2011-3Q Cash Flow Statements
FY2011-3Q Cash Flow Statements FY2011-3Q (¥ 100M) Major Items Major Factors for Changes (Oct.-Dec. 2011) Operating Activities 69 Quarterly Net Income before Income Taxes 425 Increase in quarterly net income before income taxes Depreciation Expenses 28 Trade Receivables -61 Trade Payables -19 Payment
Slide 20: Number of Directors and Employees
Number of Directors and Employees (at the End of Quarter) (Number of People) 5,000 4,000 3,000 2,000 1,000 0 08/12 09/3 6 9 12 10/3 6 9 12 11/3 6 9 12 Directors and Auditors of Subsidiaries 24 39 31 32 30 30 24 24 17 17 18 18 18 Employees of Subsidiaries 814 977 1,082 1,228 1,249 1,238 1,238 1,177 1
Slide 21: Appendix
Appendix 21
Slide 22: Listing Advertising Revenue by Industry
Listing Advertising Revenue by Industry Industries with large year-on-year increase Industries with large year-on-year decrease Department Stores/Mail Order/Shopping Malls Information Processing/Software/ Recruitment Services Internet Information Service Fashion/Accessories Transportation/
Slide 23: Display Advertising Revenue by Industry
Display Advertising Revenue by Industry Industries with large year-on-year increase Industries with large year-on-year decrease Cosmetics/Toiletries Internet Information Service/Email Service Real Estate/Construction Autos (Transport Equipment) Transportation/Leisure Finance/Insurance/Se
Slide 24: Quarterly Business Data (1)
Quarterly Business Data (1) Indicator (Quarterly average) FY2010-3Q FY2011-3Q Number of Yahoo! JAPAN total monthly page views (millions) 48,043 49,663 Number of monthly mobile phone page views (millions) 8,248 10,894 Number of Yahoo! JAPAN monthly unique browsers (millions)(*1) 215.41 253.53 Number
Slide 25: Quarterly Business Data (2)
Quarterly Business Data (2) Indicator (Quarterly average) FY2010-3Q FY2011-3Q Yahoo! a oo Auctions uct o s Number of monthly unique browsers (millions) 36.56 37.96 Number of stores (quarter-end) 17,439 17,023 Transaction value (quarterly total)(100 millions of yen) 1 812 1,812 1 826 1,826 Unit price
Slide 26: Expanding Usage of Smartphone Services of JAPAN
Expanding Usage of Smartphone Services of JAPAN 1200% 2500% 1000% 2000% 800% 1500% 600% 1000% 400% 500% 200% 0% 0% 09/10 10/10 11/10 Y/M 10/1Q 2Q 3Q 4Q 11/1Q 2Q 3Q 26
Slide 27: Organization Chart of Yahoo! JAPAN
Organization Chart of Yahoo! JAPAN Auditors Board of Directors President & CEO CSO CCO CTO CIO Director & COO President & CEO Director & CFO Media Business Business-services Consumer R&D Group Business Administrative Business (1,895) Division Group (467) Group (362) Group (295) Regional Front-End Me
Slide 28: Yahoo! JAPAN Group – Major Companies
Yahoo! JAPAN Group – Major Companies Business-services Consumer Media Business Business Business R&D Group Group Group Group p Y’s Sports Inc. IDC Frontier Inc. Y’s Insurance Inc. Feedpath, Inc. GyaO y Firstserver Inc Firstserver, Inc. N t Netrust, t Ltd Ltd. CORPORATION ValueCommerce Estore Indival
Slide 29: Business Segments Breakdown
Business Segments Breakdown Main Components Media Business Advertising: Listing advertising through advertising agencies Display advertising (banner, text, email, and video advertising) Business services Business Business-services Advertising: Listing advertising through online order Corporate servi
Slide 30: Yahoo Japan Corporation IR information
Yahoo Japan p Corporation p IR information is available at : http://ir.yahoo.co.jp/en/