Valuecommerce Co., Ltd. · TSE:2491

Valuecommerce — Q3 2007 Earnings Presentation

44 slides from Valuecommerce's earnings presentation, December 2007

  1. Slide 1: Copyright © 2007, ValueCommerce Co., Ltd.

    Copyright © 2007, ValueCommerce Co., Ltd.

  2. Slide 2: Copyright © 2007, ValueCommerce Co., Ltd.

    Copyright © 2007, ValueCommerce Co., Ltd.

  3. Slide 3: Copyright © 2007, ValueCommerce Co., Ltd.

    Copyright © 2007, ValueCommerce Co., Ltd.

  4. Slide 4: Q1-Q3 results summary

    (07 Q1-Q3) (06 Q1-Q3) 4,335 - 109.5% 3,959 - 1,898 43.8% 81.0% 2,344 59.2% 1,755 40.5% 98.8% 1,776 44.9% 142 3.3% 25.2% 567 14.3% 158 3.7% 29.9% 529 13.4% 34 (0.8%) - 513 13.0% (07 Q1-Q3) (06 Q1-Q3) 1,765 40.7% 98.0% 1,801 45.5% 1,979 45.7% 105.8% 1,870 47.2% 591 13.6% 205.2% 288 7.3% 4,335 100.0% 1

  5. Slide 5: Q3 results summary

    06 Q3 07 Q3 07 Q2 1,343 - 1,640 - 122.1% 115.2% 1,424 - 739 55.0% 647 39.5% 87.6% 102.1% 634 44.5% 131 9.8% 72 4.4% 55.0% 116.1% 62 4.3% 107 8.0% 79 4.8% 73.8% 119.7% 66 4.6% 118 8.8% 94 5.7% 79.7% - 146 (10.2%) 1,640 - 1,343 - 122.1% 1,424 - 115.2% 620 37.8% 614 45.7% 101.0% 578 40.6% 107.3% 745 45

  6. Slide 6: Copyright © 2007, ValueCommerce Co., Ltd.

            Copyright © 2007, ValueCommerce Co., Ltd.

  7. Slide 7: Copyright © 2007, ValueCommerce Co., Ltd.

             Copyright © 2007, ValueCommerce Co., Ltd.

  8. Slide 8: Copyright © 2007, ValueCommerce Co., Ltd.

    7,000 700 5,500 ～ 6,100 6,000 600 547 5,331 529 507 513 5,000 500 4,335 4,049 3,959 4,000 400 40～300 2,837 3,000 300 231 209 1,914 2,000 180 174 200 158 1,000 100 0 0 -180～70 -34 -1,000 -100 Copyright © 2007, ValueCommerce Co., Ltd.

  9. Slide 9: 2007 Q1-Q3 Copyright © 2007, ValueCommerce Co., Ltd.

    7000 5,500 6,100 5,331 4,335 4,049 3500 2,837 1,914 0 2003 2004 2005 2006 2007 2007 Q1-Q3 Copyright © 2007, ValueCommerce Co., Ltd.

  10. Slide 10: 2007 Q1-Q3 Copyright © 2007, ValueCommerce Co., Ltd.

    12000 10000 8,900 9,700 8,890 8000 6,992 6,904 5,500 6,100 6000 5,331 4,897 4,335 4,049 4000 3,484 2,837 1,914 2000 0 2003 2004 2005 2006 2007 2007 Q1-Q3 Copyright © 2007, ValueCommerce Co., Ltd.

  11. Slide 11: Quarterly revenue and gross profit

    1,800 100 1,640 276 1,425 80 1,372 1,343 1,310 1,305 66 199 68 1,270 45.1 97 45.7 122 45.3 45.6 44.7 1,200 116 40.6 40.7 60 620 618 614 595 578 593 567 40 600 47.0 49.2 50.1 45.5 46.2 45.4 45.7 745 20 661 688 647 595 614 587 0 0 2006 Q2 Q3 Q4 2007 Q2 Q3 2006 Q2 Q3 Q4 2007 Q2 Q3 Q1 Q1 Q1 Q1 Copyright

  12. Slide 12: Copyright © 2007, ValueCommerce Co., Ltd.

    2,000 80 63.9 1,640 1,500 58.6 60 55.0 1,425 1,372 1,310 1,305 1,343 1,270 49.4 48.5 44.5 1,000 39.5 40 838 766 739 679 647 616 634 500 20 0 0 Copyright © 2007, ValueCommerce Co., Ltd.

  13. Slide 13: Copyright © 2007, ValueCommerce Co., Ltd.

    3,000 40 36.9 34.3 33.3 2,502 2,500 31.2 2,268 2,230 2,246 2,216 29.6 30 2,176 28.2 2,000 2,075 25.9 1,500 20 1,000 838 766 739 679 634 647 10 616 500 0 0 Copyright © 2007, ValueCommerce Co., Ltd.

  14. Slide 14: Q1-Q3 Q1-Q3) Copyright © 2007, ValueCommerce Co., Ltd.

    07 Q1-Q3 06 Q1-Q3) 2,437 1,615 150.9% 1,330 1,079 123.3% 265 122 217.2% 538 178 302.2% 304 236 128.8% 1,755 1,777 98.8% 1,086 1,131 96.0% 209 219 10 669 646 103.6% Copyright © 2007, ValueCommerce Co., Ltd.

  15. Slide 15: Sozon

    100% 11.6% 13.0% 10.4% 13.8% 13.7% 15.0% 19.5% 993 10.8% 11.9% 7.9% 103 14.7% 26.4% 75% 10.2% 22.8% 6.7% 10.3% 13.6% 791 5.1% 11.0% 692 103 653 10.1% 11.4% 604 95 98 50% 538 70 472 74 92 65.3% 68.8% 66.2% 64.7% 59.3% 25% 54.1% 51.9% 515 400 448 428 370 387 308 0% Sozon Copyright © 2007, ValueCommerc

  16. Slide 16: Copyright © 2007, ValueCommerce Co., Ltd.

    1,200 70 60.5 60 50.4 55.4 51.4 44.9 50 44.4 45.0 51.6 47.8 41.2 45.2 40.0 40 36.0 600 35.1 30 20 10 0 0 Copyright © 2007, ValueCommerce Co., Ltd.

  17. Slide 17: Copyright © 2007, ValueCommerce Co., Ltd.

    300 25 20.4 250 19.6 20 257 16.3 200 240 15 198 12.7 13.7 150 179 163 9.8 10 131 100 100 6.6 6.8 72 4.3 5 50 1.2 1.9 81 62 2.9 1.9 22 0.7 16 9 0 0 -26 -50 -5 Copyright © 2007, ValueCommerce Co., Ltd.

  18. Slide 18: 2006Q1 Q2 Q3

    300 15 12 200 9 6 100 3 0 0 2006Q1 Q2 Q3 Q4 2007Q1 Q2 Q3 2,268 2,230 2,216 2,176 2,075 2,246 2,502 163 165 179 194 187 183 182 22 37 40 40 29 26 27 12.3 11.0 10.1 9.3 9.6 10.7 12.0 Copyright © 2007, ValueCommerce Co., Ltd.

  19. Slide 19: Copyright © 2007, ValueCommerce Co., Ltd.

    Copyright © 2007, ValueCommerce Co., Ltd.

  20. Slide 20: Copyright © 2007, ValueCommerce Co., Ltd.

    550,000 3,000 498,000 461,000 450,000 2,500 404,000 2,339 2,400 359,000 350,000 2,000 317,000 2,066 1,569 1,870 250,000 1,500 1,315 1,515 165,000 173,000 150,000 1,000 50,000 500 -50,000 0 1,084 1,150 1,097 1,160 1,137 1,189 1,178 140 139 118 110 122 102 100 86 85 84 82 104 101 107 5 5 6 10 5 9 10 (

  21. Slide 21: Transaction number, 30-day average

    (#) 20 02 0 5000 10000 15000 20000 25000 30000 35000 /10 /29 20 03 /1 / 27 20 03 /4 / 27 20 03 /7 / 26 20 03 /10 /25 20 04 /1 / 23 20 04 /4 / 22 20 04 /7 / 21 20 04 /10 /19 20 05 /1 / 16 20 05 /4 / 16 20 05 /7 / 14 15 -1 0- 20 05 12 -0 Transaction Number - 30days Average 1- 20 06 20 06 /4 / 12 20 06

  22. Slide 22: Copyright © 2007, ValueCommerce Co., Ltd.

    2006 1 12 2007 1 9 Copyright © 2007, ValueCommerce Co., Ltd.

  23. Slide 23: EC

    EC 2006 1 12 2007 1 9 Copyright © 2007, ValueCommerce Co., Ltd.

  24. Slide 24: EC

    EC 100.0% 3.9% 2.0% 2.4% 2.7% 2.0% 1.7% 2.1% 2.7% 2.4% 4.0% 3.7% 3.1% 3.2% 2.9% 4.7% 3.1% 4.3% 4.4% 3.9% 4.1% 3.2% 3.6% 5.4% 4.2% 6.0% 4.7% 5.0% 4.9% 4.8% 5.8% 4.4% 6.7% 5.5% 5.0% 7.4% 6.9% 6.2% 6.2% 7.1% 75.0% 8.6% 9.7% 7.8% 6.3% 7.8% 9.7% 9.0% 9.2% 8.3% 9.4% 15.0% 16.2% 13.0% 15.1% 10.2% 10.0% 10.

  25. Slide 25: ASP

    3,000 400 ASP 2,500 300 2,000 200 1,500 100 Copyright © 2007, ValueCommerce Co., Ltd.

  26. Slide 26: Copyright © 2007, ValueCommerce Co., Ltd.

    150,000 100,000 50,000 0 1 3 5 7 9 11 1 3 5 7 9 Copyright © 2007, ValueCommerce Co., Ltd.

  27. Slide 27: Copyright © 2007, ValueCommerce Co., Ltd.

    Copyright © 2007, ValueCommerce Co., Ltd.

  28. Slide 28: Copyright © 2007, ValueCommerce Co., Ltd.

    Copyright © 2007, ValueCommerce Co., Ltd.

  29. Slide 29: Copyright © 2007, ValueCommerce Co., Ltd.

    4,335 5,500 ~ 6,100 71.1% ~ 78.8% 5,331 103. 2% ~ 114.4% 142 30 ~ 290 49.0% ~ 473.3% 541 5.5% ~ 53.6% 158 40 ~ 300 52.7% ~ 395.0% 507 7.9% ~ 59.2% 34 180 ~ 70 - 547 - 1,765 1,979 5,500 6,100 103.1% 114.4% 591 4,335 Copyright © 2007, ValueCommerce Co., Ltd.

  30. Slide 30: Copyright © 2007, ValueCommerce Co., Ltd.

    Copyright © 2007, ValueCommerce Co., Ltd.

  31. Slide 31: 07/Q2 07/Q3 Copyright © 2007, ValueCommerce Co., Ltd.

    2.0 07/Q2 07/Q3 07 783 1,243 1,000 2,250 6,450 10,000 42 70 100       Copyright © 2007, ValueCommerce Co., Ltd.

  32. Slide 32: ASP

    ASP      Copyright © 2007, ValueCommerce Co., Ltd.

  33. Slide 33: Copyright © 2007, ValueCommerce Co., Ltd.

           Copyright © 2007, ValueCommerce Co., Ltd.

  34. Slide 34: Copyright © 2007, ValueCommerce Co., Ltd.

            Copyright © 2007, ValueCommerce Co., Ltd.

  35. Slide 35: Copyright © 2007, ValueCommerce Co., Ltd.

              Copyright © 2007, ValueCommerce Co., Ltd.

  36. Slide 36: Copyright © 2007, ValueCommerce Co., Ltd.

           Copyright © 2007, ValueCommerce Co., Ltd.

  37. Slide 37: Copyright © 2007, ValueCommerce Co., Ltd.

    Copyright © 2007, ValueCommerce Co., Ltd.

  38. Slide 38: Consolidated income statement Q1-Q3

    06 Q1-Q3 (07 Q1-Q3 4,335 - 109.5% 3,959 - 1,615 40.8% 2,437 56.2% 150.9% 2,344 59.2% 1,898 43.8% 81.0% 1,777 44.9% 1,755 40.5% 98.8% 568 14.3% 142 3.3% 25.2% 530 13.4% 158 3.7% 29.9% 10 (0.3%) 3 (0.1%) 30.0% 520 13.1% 155 3.6% 29.8% 0.2% 4.5% 3,233.3% 6 194 - - 5 (0.1%) - 514 13.0% 34 (0.8%) - Copyr

  39. Slide 39: Non-consolidated income statement Q1-Q3

    06 Q1-Q3 (07 Q1-Q3 3,754 - 102.6% 3,661 - 1,425 38.9% 1,901 50.6% 133.4% 2,236 61.1% 1,853 49.3% 82.9% 1,633 44.6% 1,656 44.1% 101.4% 603 16.5% 196 5.2% 32.7% 556 15.2% 212 5.7% 38.1% 55 1.5% 6 (0.2%) - 612 16.7% 206 5.5% 33.7% 2 0.1% 193 5.2% 9,650.0% 16.7% 0.3% 2.1% 610 12 Copyright © 2007, ValueC

  40. Slide 40: Consolidated income statement Q3

    06 Q3 07 Q3 07 Q2 1,343 - 1,640 - 122.1% 115.2% 1,424 - 604 45.0% 993 60.5% 164.4% 125.5% 791 55.5% 739 55.0% 647 39.5% 87.6% 102.1% 634 44.5% 45.2% 35.1% 94.9% 100.9% 40.0% 607 576 571 131 9.8% 72 4.4% 55.0% 116.1% 62 4.3% 108 8.0% 79 4.8% 73.1% 119.7% 66 4.6% - 0.9% - - (1.6%) - 15 24 108 8.0 94 5

  41. Slide 41: Non-consolidated income statement Q3

    07 Q3 07Q2 06 Q3 1,274 - 1,370 - 107.5% 111.4% 1,230 - 532 41.7% 732 53.4% 137.6% 119.8% 611 49.6% 742 58.3% 638 46.6% 86.0% 103.1% 619 50.4% 578 45.4% 545 39.8% 94.3% 101.3% 538 43.7% 163 12.8% 93 6.8% 57.1% 114.8% 81 6.5% 137 10.8% 100 7.3% 73.0% 116.3% 86 7.0% - - 16 1.2% - - 27 (2.2 ) 137 10.8 1

  42. Slide 42: Copyright © 2007, ValueCommerce Co., Ltd.

    330 619 (289) 135 286 +151 17 1,724 (1,707) 212 2,058 (1,846) 3,064 1,115 +1,949 3,276 3,173 +103 Copyright © 2007, ValueCommerce Co., Ltd.

  43. Slide 43: Copyright © 2007, ValueCommerce Co., Ltd.

    06 4,345 3,992 +353 4,143 +202 3,276 3,173 +103 3,209 +67 699 991 (292) 723 (24) 5,044 4,983 +61 4,866 +178 1,136 1,134 +2 1,054 +82 222 184 +38 219 +3 3,686 3,665 +21 3,592 +94 Copyright © 2007, ValueCommerce Co., Ltd.

  44. Slide 44: Investor relations contact

    Phone: 03 4590 3742 03 4590 3600 Fax: 03 4590 3888 E-mail: investor_relations valuecommerce.co.jp Copyright © 2007, ValueCommerce Co., Ltd.

ValueCommerce — Q3 2007 Earnings Presentation on 6ix