Hakuhodo Dy Holdings Incorporated · TSE:2433
Hakuhodo Dy — FY2019 Earnings Presentation
29 slides from Hakuhodo Dy's earnings presentation, May 22, 2020
Slide 1: Consolidated Financial Highlights Fiscal Year Ending March 31, 2020 (FY 2019)
Consolidated Financial Highlights Fiscal Year Ending March 31, 2020 (FY 2019) May 22, 2020 Hakuhodo DY Holdings, Inc.
Slide 2: Consolidated Results Highlights of FY 2019
Consolidated Results Highlights of FY 2019
Slide 3: Summary
Summary Increase in billings and decrease in profits. Although the spread of COVID-19 had a certain level of impact on our performance, both billings and profits increased in the fourth quarter. The impact from the sale of Mercari, Inc.’s shares (hereinafter, “impact from Mercari”) has been excluded
Slide 4: FY2019 Income Statements Highlight
FY2019 Income Statements Highlight ▶ See p..16 for details. （Millions of JPY） FY2019 Actual YOY Difference from Forecast * Billings 1,466,249 +21,724 +1.5% -38,750 -2.6% Operating Income 55,131 -10,153 -15.6% -2,868 -4.9% Ordinary Income 58,100 -10,601 -15.4% -2,899 -4.8% Net Income Attributable to
Slide 5: FY2019 Results (Excluding Impact from Mercari)
FY2019 Results (Excluding Impact from Mercari) ▶ See p.17 for details. (Millions of JPY) FY2019 Actual YOY Revenue & Operating Income before D&A Billings 1,459,539 +28,653 +2.0% (Millions of JPY) 350,000 140,000 Revenue 325,911 +14,646 +4.7% 300,000 120,000 Revenue（Left axis） Gross Margin 22.3% +0.6
Slide 6: Results by region (Japan: Excluding Mercari Impact)
Results by region（Japan: Excluding Mercari Impact） Results in Japan (Excluding impact of sale of Mercari stock) ▶ See p.18-19 for details. Revenue & Operating Income before D&A (Millions of JPY) FY2019 Actual YOY (Millions of JPY) Billings 1,302,312 +16,205 +1.3% 300,000 180,000 Revenue 261,469 +10,
Slide 7: Results by Region (Overseas)
Results by Region (Overseas) ▶ See p.18-19 for details. (Millions of JPY) FY2019 Actual YOY Revenue & Operating Income before D&A Billings 165,261 +12,916 +8.5% (Millions of JPY) Revenue 67,572 +3,949 +6.2% 80,000 32,000 Gross Margin 40.9% -0.9pt 70,000 28,000 Revenue（Left axis） 60,000 24,000 SGA 69
Slide 8: Billings by Service Category
Billings by Service Category ▶ See p.20 for details. Composition (Millions of JPY) FY2019 Actual YOY Ratio Newspapers 43,210 -4,811 -10.0% 3.6% Magazines 16,845 -1,138 -6.3% 1.4% Radio 13,675 -14 -0.1% 1.1% Television 416,331 -22,704 -5.2% 34.7% Mass Madia Service Subtotal 490,062 -28,669 -5.5% 40.9
Slide 9: Billings by Clients' Industry
Billings by Clients’ Industry ▶ See p.21-23 for details. FY2019 Change in Billings by Clients’ Industry Millions of JPY Government/Organizations Informaiton/Communications Energy/Material/Machinerly Transportation/Leisure Pharmaceuticals/Medical supplies Apparel/Accessories Precision Machinerly/Offi
Slide 10: Selling, General & Administrative Expenses
Selling, General & Administrative Expenses Major Change Factors in SGA （Millions of JPY） FY2019 Actual YOY Personnel 183,764 +10,989 +6.4% FY2018 SGA 259,523 Rent 17,759 +1,247 +7.6% Change in the scope of +6,026 consolidation Increase of pension cost +2,043 Depreciations 5,383 +391 +7.8% Increase o
Slide 11: Other Income & Extra-ordinary Items
Other Income & Extra-ordinary Items Non-operating Income & Expenses （Millions of JPY） FY2019 Actual YOY Non-operating Income 4,357 +181 Interest Income 367 +37 Dividend Income 2,238 +338 Equity Method Earnings 834 +459 Non-operating Expenses 1,388 +629 Interest Expenses 530 +118 FOREX 257 +170 Extra
Slide 12: FY2020 Forecast
FY2020 Forecast 2020年5月14日
Slide 13: FY2020 Forecast
FY2020 Forecast In terms of our consolidated performance forecast for fiscal 2020, we believe our performance will be significantly impacted by the spread of COVID-19. As it is difficult to forecast the timing in which the spread of the virus will be contained, we are unable to make accurate and rat
Slide 14: Dividends
Dividends Dividends for fiscal 2020 (including a mid-term dividend of ¥15 per share) Full-year dividend of ¥30 per share* *Based on getting approval at the General Meeting of Shareholders Dividend for Fiscal 2020 To be determined Dividends per share (yearly) for 5 years 35 (@JPY per share) 30 30 28
Slide 15: Cautionary Statements Concerning Forward-looking Statements, Note Concerning Audits, & Change in Accounting Policy
Cautionary Statements Concerning Forward-looking Statements, Note Concerning Audits, & Change in Accounting Policy （Cautionary Statements Concerning Forward-looking Statements） This presentation includes forward-looking statements concerning forecasts of operating results, business plans and policie
Slide 16: Supplements
Supplements
Slide 17: Income Statements (Full Year & by Quarter)
Income Statements (Full Year & by Quarter) Japanese GAAP-basis Income Statements Full Year（12-Month） by Quarter（3-Month） （Millions of JPY） FY2019 Actual YOY Q1 YOY Q2 YOY Q3 YOY Q4 YOY Billings 1,466,249 +21,724 +1.5% 332,973 +2.6% 349,853 +3.2% 385,387 -1.4% 398,034 +2.0% Revenue 332,499 +7,690 +2.
Slide 18: Results Excluding Impact from Mercari (FY & Quarter)
Results Excluding Impact from Mercari (FY & Quarter) Full Year（12-Month） by Quarter（3-Month） Results Excluding the impact from Mercari （Millions of JPY） FY2019 Actual YOY Q1 YOY Q2 YOY Q3 YOY Q4 YOY Billings 1,459,539 +28,653 +2.0% 330,345 +6.0% 348,550 +2.8% 384,322 -1.7% 396,320 +1.8% Revenue 325,
Slide 19: Results by Region
Results by Region （Millions of JPY） FY2019 Actual YOY Japan Billings 1,309,022 +9,275 +0.7% Revenue 268,057 +3,951 +1.5% SG&A 195,758 +10,247 +5.5% Operating Income 72,299 -6,295 -8.0% International Billings 165,261 +12,916 +8.5% Revenue 67,572 +3,949 +6.2% SG&A 69,039 +7,169 +11.6% Operating Income
Slide 20: Results by Region (Excluding Impact from Mercari; FY & Quarter)
Results by Region (Excluding Impact from Mercari; FY & Quarter) Full Year（12-Month） by Quarter（3-Month） Japan (Excluding Impact from Mercari) （Millions of JPY） FY2019 Actual YOY Q1 YOY Q2 YOY Q3 YOY Q4 YOY Billings 1,302,312 +16,205 +1.3% 296,780 +4.1% 312,955 +5.1% 343,698 +0.6% 348,879 -3.5% Reven
Slide 21: Billings by Service Category (Full Year & by Quarter)
Billings by Service Category (Full Year & by Quarter) Full Year（12-Month） by Quarter（3-Month） （Millions of JPY） FY2019 Actual YOY Q1 YOY Q2 YOY Q3 YOY Q4 YOY Newspapers 43,210 -4,811 -10.0% 10,002 -5.7% 10,949 +2.7% 10,647 -12.3% 11,610 -20.6% Magazines 16,845 -1,138 -6.3% 3,676 -9.0% 4,128 -9.5% 4,
Slide 22: Billings by Clients' Industry
Billings by Clients’ Industry （Millions of JPY） FY2019 Actual YOY Composition Information/Communications 138,283 +3,500 +2.6% 12.7% Automobiles/Related products 128,868 +841 +0.7% 11.8% Beverages/Cigarettes/Luxury foods 112,839 -6,556 -5.5% 10.4% Cosmetics/Toiletries 80,130 -500 -0.6% 7.4% Foodstuff
Slide 23: Sales by Clients' Industry (by Quarter)
Sales by Clients’ Industry (by Quarter) 1 Left：FY2018, Right FY2019 Major Positive Industries YOY of Billings by Quarter (Millions of JPY) Major Negative Industries YOY of Billings by Quarter 22
Slide 24: Sales by Clients' Industry (by Quarter)
Sales by Clients’ Industry (by Quarter) 2 Left：FY2018, Right FY2019 Other Major Industries YOY of Billings by Quarter (Millions of JPY) 23
Slide 25: Balance Sheets
Balance Sheets （Millions of JPY） End of FY2019 Change * Composition Current Assets 595,080 -15,171 69.2% Cash & Deposits 166,576 +11,814 Accounts Recievable 357,101 -9,031 Non-current Assets 264,807 -26,944 30.8% Tangible Assets 34,129 -1,505 Intangible Assets 52,383 -1,896 Goodwill 27,905 -2,824 In
Slide 26: Cash Flow Statements
Cash Flow Statements （Millions of JPY） FY2019 YOY Cash Flows from Operating Activities 27,366 -26,156 Cash Flows from Investing Activities 3,372 +26,188 Purchase of property, plant and equipment -6,036 -722 Proceeds from sales of property, plant and equipment 13,155 +13,114 Purchase of intangible as
Slide 27: Results of Major Agencies
Results of Major Agencies （Millions of JPY） FY2019 YOY Hakuhodo (Consolidated) Billings 1,009,783 +10,873 +1.1% Ordinary Income 37,846 -1,329 -3.4% Net Income Attributable to Owners of Parent 21,539 -14,739 -40.6% Daiko (Consolidated) Billings 157,199 -2,655 -1.7% Ordinary Income 1,997 -1,110 -35.7%
Slide 28: Change of Accounting Policy
Change of Accounting Policy From fiscal 2019, the accounting policies related to the recording of billings at certain subsidiaries have changed. Please be aware that figures for the same period of the previous fiscal year and the previous fiscal year-end have been retroactively revised to reflect th
Slide 29: HakuhodoDY holdings
HakuhodoDY holdings