Ly Corporation · TSE:4689
Ly — Yahoo Japan — Q3 FY2010 Earnings Presentation
31 slides from Ly's earnings presentation, Jan 25, 2011
Slide 1: Yahoo Japan Corporation FY2010-3Q Business Results
Yahoo Japan Corporation FY2010-3Q 0 0 3Q Business us ess Results esu ts (Oct.-Dec. 2010) January 25, 2011 1
Slide 2: Forward-looking statements notice
Statements made at the meeting or included in the documents that are not historical facts are forward-looking statements about the future performance of Yahoo Japan Corporation and its consolidated lid t d subsidiaries b idi i and d affiliates. ffili t The Company cautions you that a number of impor
Slide 3: FY2010-3Q Highlights – Financial Data
FY2010-3Q Highlights – Financial Data Despite a decrease in revenue due to transfer of the research business to MACROMILL INC MACROMILL, INC. and d sell-out ll t off shares h off NewsWatch, N W t h Inc., I quarterly t l revenue increased mainly led by listing advertising, display advertising, and e-
Slide 4: FY2010-3Q Highlights – Media Business
FY2010-3Q Highlights – Media Business Listing advertising through advertising agencies (Paid search advertising [Sponsored Search] and interest-based advertising [Interest Match] ) - Motivation for advertising from travel-related and mail order-related companies expanded toward the year-end and new-
Slide 5: FY2010-3Q Highlights – BS Business
FY2010-3Q Highlights – BS Business Listing advertising through online order (Paid search advertising [Sponsored Search] and interest-based advertising [Interest Match] ) -Despite downward pressure on revenue due to eliminating inappropriate listing pages from advertising inventory, listing advertisi
Slide 6: FY2010-3Q Highlights – Consumer Business
FY2010-3Q Highlights – Consumer Business E-Commerce E Commerce related revenues (Yahoo! Auctions Auctions, Yahoo! Shopping, Shopping Pay digital content - On Yahoo! Shopping, various measures including a T Point tie-up campaign and a tie-up with ZOZOTOWN resulted in a year-on-year increase of more t
Slide 7: Game Business Progress
Game Business Progress Tie up with SQUARE ENIX CO., Tie-up CO LTD. LTD - In August 2010, Yahoo! JAPAN started to offer Sengoku IXA (official version), a browser game for PCs. - The main increase in users has been among male gamers in their thirties to forties and the number of users reached 0.4 mill
Slide 8: Launch of Yahoo! Local
Launch of Yahoo! Local Announced a new service “ Yahoo! Local”, Japan’s Japan s largest comprehensive regional information service including maps, transit, gourmet, coupons, etc. (Service for PC, smartphones and feature phones will be launched in the beginning of April) Can promote Can get useful sh
Slide 9: Increased Use of Yahoo! JAPAN via Smartphones
Increased Use of Yahoo! JAPAN via Smartphones Yahoo! JAPAN start page page views for smartphones Use of Yahoo! JAPAN via smartphones is expanding rapidly. Y/M * December 2009 figure is baseline of 100 * Figures excluding a part of pageviews via smartphone apps 9
Slide 10: Services Provided for Various Types of Devices
Services Provided for Various Types of Devices Optimized services matching each device feature Yahoo! JAPAN for Smartphones GyaO! Optimized for iPad Picture Books for TV Smartphone optimized services iPad optimized services TV optimized services Maps, Transit, Gourmet, Traffic Information, Comics yu
Slide 11: Review of FY2010-3Q Business Outlook
Review of FY2010-3Q Business Outlook Listing advertising and display advertising quarterly revenue rose substantially year on year. I e-commerce business In b i as well, ll revenue were iin th the upper range off th the revenue fforecast, t with an increase in game-related business revenue contribut
Slide 12: FY2010-4Q Business Outlook
FY2010-4Q Business Outlook We will work to achieve year-on-year growth in quarterly revenue by growth in revenues of advertising related and other businesses. We will aim to expand e-commerce-related revenue based on aggressive advertising campaigns and sales promotion activities. * We expect that t
Slide 13: FY2010 Business Outlook
FY2010 Business Outlook (¥ 100M) FY2009 FY2010 (Actual) (Forecast) Revenue 2 798 2,798 2 900 2 938 2,900-2,938 Operating Income 1,438 1,563-1,586 Ordinary Income 1,433 1,567-1,590 Net Income 835 909-923 The above FY2010 full year projection is the cumulative actual results of FY2010-1Q to 3Q plus th
Slide 14: FY2010-3Q Financial Results: Subsidiaries and Affiliates
FY2010 3Q Financial FY2010-3Q Fi i l Results R lt •Major M j Consolidated C lid t d subsidiaries b idi i att the th end d off FY2010-3Q FY2010 3Q Cirius Technologies, Inc. Firstserver, Inc. GyaO CORPORATION IDC Frontier Inc. Indival, Inc. Netrust, Ltd. Yahoo Japan Customer Relations Co
Slide 15: FY2010-3Q Statements of Income
FY2010-3Q Statements of Income 2010-3Q Q 2009-3Q Q Changes Revenue (¥100M) 750 709 5.8 % Cost of Sales ((¥100M)) 69 85 -18.7 % Gross Profit (¥100M) 680 624 9.1 % SG&A ((¥100M)) 269 259 3.6 % Operating Income (¥100M) 411 364 13.0 % Ordinary Income (¥100M) 413 364 13.6 % Quarterly Net Income (¥100M) 2
Slide 16: Quarterly Revenue
Quarterly Revenue (¥ 100M) Gross basis Net basis 600 Consumer Business BS 400 Business 200 Media Business B i 0 Gross Net 07/10-12 08/1-3 4-6 7-9 10-12 09/1-3 4-6 7-9 10-12 10/1-3 4-6 7-9 10-12 Total 700 742 655 660 669 671 676 680 709 732 705 711 750 *Figures of 08/1-3 and before are indicated on a
Slide 17: Quarterly Profits
Quarterly Profits (¥ 100M) 400 50% 40% 300 30% 200 20% 100 10% 0 0% 07/10 12 07/10-12 08/1 3 08/1-3 46 4-6 79 7-9 10 12 10-12 09/1 3 09/1-3 46 4-6 79 7-9 10 12 10-12 10/1 3 10/1-3 46 4-6 79 7-9 10 12 10-12 Operating Income 312 337 328 330 331 355 342 344 364 387 376 384 411 Ordinary Income 308 328 3
Slide 18: FY2010-3Q Performance Breakdown by Business
FY2010-3Q Performance Breakdown by Business (¥ 100M) Revenue Breakdown Gross Operating Ordinary Operating Ordinary Revenue Profit SG&A Income Income Margin Margin by Business Group Advertising 97% Media Business 281 Others 3% 255 100 154 155 54.9% 55.2% Advertising 62% Corporate Services 25% BS Busi
Slide 19: Quarterly SG&A Breakdown
Quarterly SG&A Breakdown (¥ 100M) Major factors for YoY changes QoQ YoY 10/3Q % 10/2Q 09/3Q Change Change Personnel Expenses 82 30.8% 80 3.5% 77 6.4% Business Commissions 33 12.5% 32 2.9% 32 5.4% Depreciation Expenses 21 8.2% 20 5.5% 22 -1.9% Royalties 21 8.1% 20 6.5% 20 7.2% Sales Promotion Costs 2
Slide 20: FY2010-3Q Balance Sheets
FY2010-3Q Balance Sheets Increase/ Major Factors for Major Items 2010/12/31 2009/12/31 (¥ 100M) Decrease Increase/Decrease Assets Current Assets 2,134 1,623 511 Cash and Deposits 1,475 993 482 Increase in cash from operating activities Accounts Receivable -Trade 361 358 3 Oth Others 269 229 40 Incre
Slide 21: FY2010-3Q Cash Flow Statements
FY2010-3Q Cash Flow Statements FY2010-3Q (¥ 100M) Major Items Major Factors for Changes (Oct.-Dec. 2010) Operating Activities 133 Quarterly Q y Net Income before Income Taxes 415 Increase in quarterly net income before income taxes Depreciation Expenses 25 Accounts Receivable/Payable-Trade -25 Payme
Slide 22: 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 07/12 08/3 6 9 12 09/3 6 9 12 10/3 6 9 12 Directors and Auditors of Subsidiaries 31 32 26 25 24 39 31 32 30 30 24 24 17 Employees of S b idi i Subsidiaries 1,025 1,062 685 747 814 977 1,082 1
Slide 23: Appendix
Appendix 23
Slide 24: Listing Advertising Sales by Industry
Listing Advertising Sales by Industry Industries with large year on year increase Industries with large quarter on quarter increase Transportation/Leisure p Information Processing/Software/Internet Information Service Cosmetics/Toiletries/Health Foods and Appliances Department Stores/Mail Or
Slide 25: Display Advertising Sales by Industry
Display Advertising Sales by Industry Industries with large year on year increase Industries with large quarter on quarter increase Internet Information Service/Email Service Home Electronics/AV Equipment Finance/Insurance/Securities Internet Information Service/Email Service Foodstuffs
Slide 26: Additional Business Data: 2010-3Q
Additional Business Data: 2010-3Q Average g Dailyy Transaction Value Oct.-Dec. 2009 Oct.-Dec. 2010 Commerce \100M 27.1 28.0 Auction \100M 19.9 19.6 Shopping \100M *1 7.1 8.3 Through Mobile \100M *2 4.5 5.5 Subscriber Lines for Yahoo! BB Services End of Dec. 2009 End of Dec. 2010 Total (10 thousand l
Slide 27: Apps for iPhone and iPad
Apps for iPhone and iPad Apps for iPhone Yahoo! JAPAN Dictionary Auctions GyaO! Transit Information Maps Messenger Knowledge Search Supplement Kid Kids S f t Net Safety N t P f Pofee Translation T l ti I f l Infoloupe shakachiz h k hi Sk t h S Sketch-a-Search h f fromA A navii Rik Rikunabi bi NEXT l
Slide 28: Organization Chart of Yahoo! JAPAN
Organization Chart of Yahoo! JAPAN Auditors Board of Directors President & CEO CSO CCO CTO Director & COO President & CEO Director & CFO Media Business BS Business Consumer R&D Group Business Administrative Group (501) Group (320) Group (283) (1,696) Division Regional Front-End Media Service EC Oper
Slide 29: Yahoo! JAPAN Group – Major Companies
Yahoo! JAPAN Group – Major Companies Consumer Media Business BS Business Operations Business G Group G Group G Group Group Yahoo Japan Y’s Sports Inc. IDC Frontier Inc. Y’s Insurance Inc. Customer Relations p Corporation GyaO Firstserver, Inc. Netrust, Ltd. CREO CO., LTD. CORPORATION ValueCommerce E
Slide 30: Old & New Business Segments Breakdown Comparison Table
Old & New Business Segments Breakdown Comparison Table --Former Main Components-- --New Main Components-- Advertising Media Business Media Business Advertising Display advertising (banner, text, email, and video advertising) Display advertising (banner, text, email, and video advertising) Listing g
Slide 31: Yahoo Japan Corporation IR information
Yahoo Japan Corporation IR information is available at : htt //i http://ir.yahoo.co.jp/en/ h j / / 31