Hakuhodo Dy Holdings Incorporated · TSE:2433
Hakuhodo Dy — FY2022 Earnings Presentation
29 slides from Hakuhodo Dy's earnings presentation, May 11, 2023
Slide 1: Consolidated Financial Highlights FY2022 (April-Mar. 2023)
Consolidated Financial Highlights FY2022 (April-Mar. 2023) May 11, 2023 Hakuhodo DY Holdings, Inc.
Slide 2: Consolidated Results Highlights of FY 2022
Consolidated Results Highlights of FY 2022
Slide 3: FY2022 Summary
FY2022 Summary Top-line growth outperformed the advertising market, with the billings landing ahead of the guidance. Plan to achieve the mid-term business plan(“MTBP”) target in FY2023 - Billings increased by 7.5% YoY. * - In Japan, while the market remained weak, internet media grew by more than do
Slide 4: FY2022 Income Statement Highlights
FY2022 Income Statement Highlights FY2022 （Millions of JPY） Actual YOY Difference from Forecast Billings 1,634,340 +115,418 +7.6% +4,340 +0.3% Revenue 991,137 +96,056 +10.7% +51,137 +5.4% Operating Income 55,409 -16,233 -22.7% +4,409 +8.6% Ordinary Income 60,378 -15,362 -20.3% +7,378 +13.9% Net Inco
Slide 5: FY2022 Results (Excluding Investment Business)
FY2022 Results (Excluding Investment Business) FY2022 (Millions of JPY) Actual YOY Gross profit & Operating Income before amortization of goodwill by quarter Billings 1,626,148 +114,002 +7.5% Revenue 982,946 +94,640 +10.7% Gross Profit 396,194 +15,569 +4.1% Gross Margin 24.4% -0.8pt SGA 348,035 +32,
Slide 6: Results by Region (Japan: Excluding Investment Business)
Results by Region (Japan: Excluding Investment Business) FY2022 (Millions of JPY) Actual YOY Gross profit & Operating Income before amortization of goodwill by quarter Billings 1,383,039 +49,138 +3.7% （millions of JPY） Revenue 739,836 +29,776 +4.2% Gross Profit 300,167 -4,422 -1.5% Gross Margin 21.7
Slide 7: Results by Region (Overseas)
Results by Region (Overseas) FY2022 (Millions of JPY) Actual YOY Gross profit & Operating Income before amortization of goodwill by quarter Billings 253,024 +68,750 +37.3% （Millions of JPY） Revenue 253,024 +68,750 +37.3% Gross Profit 102,049 +23,015 +29.1% Gross Margin 40.3% -2.6pt SGA 108,958 +26,9
Slide 8: Billings by Service Category
Billings by Service Category FY2022 (Millions of JPY) Actual YOY Composition Ratio Newspapers 33,871 -5,595 -14.2% 2.5% Magazines 8,014 +273 +3.5% 0.6% Radio 11,371 -449 -3.8% 0.8% Television 381,783 -12,134 -3.1% 27.9% Trad-Media Service Subtotal 435,040 -17,905 -4.0% 31.8% Internet Media 336,811 +
Slide 9: Billings by Clients' Industry
Billings by Clients’ Industry See p.22-25 for details. FY2022 • The scope of tabulation has been expanded and some of the methods of tabulation have been changed from the current fiscal year, and the results of the previous year have been retroactively restated. - Positive Industries Government/Orga
Slide 10: Selling, General & Administrative Expenses
Selling, General & Administrative Expenses FY2022 （Millions of JPY） Actual YOY Major Change Factors in SG&A (Millions of JPY) Personnel 230,920 +12,131 +5.5% FY21 SG&A 315,450 Rent 19,809 +1,366 +7.4% Change in scope of consolidation +7,718 Depreciations 8,272 +1,550 +23.1% Amortization of goodwill
Slide 11: Other Income & Extra-ordinary Items
Other Income & Extra-ordinary Items FY2022 Other Income/Loss （Millions of JPY） Actual YOY Non-operating Income 7,456 -227 Interest Income 435 -45 Dividend Income 2,222 +509 FOREX 944 +393 Equity Method Earnings - -2,607 Change in fair value of contingent considerations 1,684 +1,684 Non-operating Exp
Slide 12: Guidance/Dividend for FY2023
Guidance/Dividend for FY2023
Slide 13: Guidance for FY2023
Guidance for FY2023 In the fiscal year ending March 31, 2024, the final year of our MTBP, we plan a 3.7% increase in billings to ¥1,695 billion, assuming top-line growth that exceeds the market as in the previous year, despite the uncertain outlook for the economic environment and a significant decl
Slide 14: Dividend forecast
Dividend forecast Our basic policy is to pay stable and continuous dividends. The amount of dividends will be determined after comprehensively taking into consideration the status of demand for financial funds, trends in business performance, and the enhancement of retained earnings. For the fiscal
Slide 15: Change in accounting standards & Note Concerning Audits
Cautionary Statements Concerning Forward-looking Statements, リレーションシップ ID rId2 のイメージ パーツがファイルにありませんでした。 Change in accounting standards & Note Concerning Audits （Cautionary Statements Concerning Forward-looking Statements） This presentation includes forward-looking statements concerning forecasts of
Slide 16: Supplements
Supplements
Slide 17: Interim Income Statements
Interim Income Statements Japanese GAAP-basis Interim Income Statements for FY2022 YTD（12-Month） by Quarter（3-Month） （Millions of JPY） Actual YOY Q1 YOY Q2 YOY Q3 YOY Q4 YOY Billings 1,634,340 +115,418 +7.6% 349,106 +6.8% 370,540 +10.8% 404,745 +7.1% 509,947 +6.3% Revenue 991,137 +96,056 +10.7% 195,
Slide 18: Results Excluding Investment Business
Results Excluding Investment Business FY2022 YTD（12-Month） by Quarter（3-Month） Results Excluding Investment Business （Millions of JPY） Actual YOY Q1 YOY Q2 YOY Q3 YOY Q4 YOY Billings 1,626,148 114,002 +7.5% 345,848 +6.8% 369,763 +11.2% 402,522 +6.9% 508,015 +6.0% Revenue 982,946 94,640 +10.7% 192,37
Slide 19: Results by Region
Results by Region FY2022 （Millions of JPY） Actual YOY Japan Billings 1,391,230 +50,554 +3.8% Revenue 748,027 +31,192 +4.4% Gross Profit 307,537 -3,521 -1.1% SG&A 220,858 +1,857 +0.8% Operating Income 86,678 -5,379 -5.8% Overseas Billings 253,024 +68,750 +37.3% Revenue 253,024 +68,750 +37.3% Gross Pr
Slide 20: Results by Region (YTD, by Quarter)
Results by Region(YTD, by Quarter) FY2022 YTD（12-Month） by Quarter（3-Month） Japan (Excluding Investment Business) （Millions of JPY） YTD Actual YOY Q1 YOY Q2 YOY Q3 YOY Q4 YOY Billings 1,383,039 +49,138 +3.7% 298,466 +4.8% 312,603 +7.4% 341,970 +1.9% 429,998 +1.9% Gross Profit 300,167 -4,422 -1.5% 61
Slide 21: Billings by Service Category
Billings by Service Category FY2022 YTD（12-Month） by Quarter（3-Month） （Millions of JPY） YTD Actual YOY Q1 YOY Q2 YOY Q3 YOY Q4 YOY Newspapers 33,871 -5,595 -14.2% 7,275 -20.9% 7,098 -13.7% 9,229 -12.3% 10,268 -10.9% Magazines 8,014 +273 +3.5% 1,553 -18.6% 2,071 -2.6% 2,474 -6.7% 1,914 +81.8% Radio 1
Slide 22: Billings by Clients' Industry
Billings by Clients’ Industry FY2022 （Millions of JPY） Actual YOY Composition Information/Communications 142,064 -1,147 -0.8% 12.3% Government/Organizations 117,880 +18,175 +18.2% 10.2% Beverages/Cigarettes/Luxury foods 116,028 -8,394 -6.7% 10.0% Automobiles/Related products 104,389 -1,541 -1.5% 9.0
Slide 23: Billings by Clients' Industry (by Quarter)
Billings by Clients’ Industry (by Quarter) 1 FY2021 FY2022 (Millions of JPY) 22
Slide 24: Billings by Clients' Industry (by Quarter)
Billings by Clients’ Industry (by Quarter) 2 (Millions of JPY) 23
Slide 25: Billings by Clients' Industry (by Quarter)
Billings by Clients’ Industry (by Quarter) 3 (Millions of JPY) 24
Slide 26: Billings by Clients' Industry (by Quarter)
Billings by Clients’ Industry (by Quarter) 4 (Millions of JPY) 25
Slide 27: Balance Sheets
Balance Sheets （Millions of JPY） As of Mar. 2023 Change * Composition Current Assets 680,728 -74,125 66.3% Cash & Deposits 162,981 -21,002 Accounts Recievable 411,108 -27,296 Non-current Assets 345,687 47,524 33.7% Tangible Assets 58,419 21,295 Intangible Assets 108,467 36,150 Goodwill 71,678 26,580
Slide 28: Cash Flow Statements
Cash Flow Statements FY2022 （Millions of JPY） Actual YOY Cash Flows from Operating Activities 38,035 +17,182 Cash Flows from Investing Activities -32,792 -21,499 Purchase of property, plant and equipment -7,004 -1,966 Purchase of intangible assets -10,903 -5,491 Purchase of investment securities -4,
Slide 29: HakuhodoDY holdings
HakuhodoDY holdings