Nippon Television Holdings, Inc. · TSE:9404
Nippon Television — Q2 FY2024 Earnings Presentation
39 slides from Nippon Television's earnings presentation, Nov 7, 2024
Slide 1: FY2024 2nd Qtr Financial Results
FY2024 2nd Qtr (Six months ended September30 2024) Financial Results This presentation may include forward-looking statements. Actual results, however, could differ significantly as a result of various factors and circumstances. Forward-looking statements contained herein are not guarantees or commi
Slide 2: Contents
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 3: Stock Repurchase and Cross-shareholding Reduction
Stock Repurchase and Cross-shareholding Reduction Stock repurchase • April 2024 – May 2024: 1,576,200 shares repurchased at the total price of JPY 3,514,868,532 • Total for February 2, 2024 – May 17, 2024: 3,201,900 shares at JPY 6,999,947,265 Dividend distribution starts for foreign shareholders no
Slide 4: Overview of Financial Results and Forecast
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 5: FY2024 Apr.–Sep. Financial Performance
FY2024 Apr.–Sep. Financial Performance Higher Sales and Profit Recovery of spot ad sales led to higher sales and profit for Nippon TV International content sales and films also contributed HD: Consolidated Studio Ghibli, Nippon TV Service, and ACM contributed to sales and profit Results Group
Slide 6: Nippon TV's Advertising Revenue
Nippon TV’s Advertising Revenue Linear TV ad revenue on track for recovery • Spot ad sales have been exceeding previous year results since June, with the positive momentum continuing in October and beyond. • Time ad sales for the April cour regular programs were lower YoY, while special programs pos
Slide 7: Nippon TV: Advertising Revenue
Nippon TV: Advertising Revenue FY2024 Advertising Revenue YoY Time Change Spot Change Digital Ad. Change April △5.6% April △2.4% April 56.2% May △4.5％ May △2.4% May 60.5% June 6.3% June 6.2% June 38.7% July △2.4% July 3.7% July 13.9% August △2.5% August 5.0% August 44.1% September △4.0% September 8.
Slide 8: Nippon TV HD: Consolidated Financial Results
Nippon TV HD: Consolidated Financial Results (Millions of yen) FY2023 FY2024 YoY Change Apr.-Sep. Apr.-Sep. Net Sales 196,000 216,873 20,872 10.6% Operating Profit 16,796 21,141 4,344 25.9% Recurring Profit 20,846 24,255 3,408 16.4% Net Income attributable to owners of the parent 13,701 15,968 2,267
Slide 9: Net Sales YoY Change Components
Net Sales YoY Change Components (Millions of yen) HD: Consolidated Results Group Companies Nippon TV +20,872 Content Strategy Previous Nippon MURAYAMA TIPNESS HJ Nippon Total Anime- Other Nippon la belle Current Television Television period Television vie related period Terrestrial Service New Busin
Slide 10: Operating Profit YoY Change Components
Operating Profit YoY Change Components (Millions of yen) HD: Consolidated Results Group Companies Nippon TV +4,344 Content Strategy New Business Previous Nippon TV la belle vie MURAYAMA TIPNESS HJ Nippon Total Anime- Other and Current period Television related Consolidated period Operating Service I
Slide 11: Nippon TV: Financial Results
Nippon TV: Financial Results Higher sales and profit Spot ad sales increased YoY, driving ad revenues to positive growth Events/Content Business income and expenditure trended as expected. Recorded gain on sale of investment securities from reduction of cross- shareholdings (Millions of yen)
Slide 12: Nippon TV: Net Sales and Cost of Sales
Nippon TV: Net Sales and Cost of Sales (Millions of yen) Net Sales FY2023 Apr.-Sep. FY2024 Apr.-Sep. YoY Change Advertising Revenue 105,635 106,879 1,244 1.2% Program Sales 5,462 5,313 △148 △2.7% Events/Content Business Sales 23,679 24,917 1,238 5.2% Real Estate Business 1,488 1,569 81 5.5% Total 13
Slide 13: Nippon TV: Production Costs
Nippon TV: Production Costs (Millions of yen) FY2023 FY2024 YoY Change Apr.-Sep. Apr.-Sep. 44,080 43,784 △295 △0.7% (Ref.) Production Costs(FY) (Millions of yen) Apr.-Sep. Production Costs (Millions of yen) 100,000 95,245 100,000 88,421 87,526 89,331 90,000 84,544 HD: Consolidated 80,000 Results 80,
Slide 14: Nippon TV: Events/Content Business Sales and Balance
Nippon TV: Events/Content Business Sales and Balance (Millions of yen) Sales Balance FY24 Apr.–Sep. Change FY24 Apr.–Sep. Change Movies 3,042 43.8% 1,666 54.2% Events 1,928 △34.0% 121 △65.4% Retail Business 3,645 △0.1% 150 △1.2% HD: Consolidated Results Anime 2,914 △16.4% 1,188 △25.3% Group Companie
Slide 15: Group Companies: Net Sales and Operating Profit
Group Companies : Net Sales and Operating Profit FY2024 Apr. - Sep. (Millions of yen) Nippon Television BS Nippon Corp. CS Nippon Corp. VAP Inc. TIPNESS Limited Music Corp. Net Sales 8,808 6.9% 4,575 △1.4% 4,298 △1.3% 3,322 5.3% 13,140 △0.7% Operating 1,261 200.7% 62 1472.3% 1,041 △10.4% 467 △48.6%
Slide 16: CAPEX and Depreciation (consolidated)
CAPEX and Depreciation (consolidated) (Billions of yen) Depreciation and CAPEX amount Amortization FY24 Apr. –Sep. 4.8 6.6 (Billions of yen) CAPEX amount (Billions of yen) Depreciation and Amortization 21.2 20.0 19.1 20.0 17.4 15.8 14.2 14.0 HD: Consolidated 13.2 13.1 13.7 13.5 13.5 13.9 Results 11.
Slide 17: Consolidated Forecast and Dividend Forecast
Consolidated Forecast and Dividend Forecast (as of May 9) Unchanged from previous forecast (Millions of yen) Forecast for FY2023 Result Change Change(%) FY2024 Net Sales 423,523 442,000 18,477 4.4% Operating Profit 41,877 42,000 123 0.3% Recurring Profit 49,503 48,000 △1,503 △3.0％ Profit attributabl
Slide 18: Content Strategy
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 19: Studio Ghibli
Studio Ghibli Ghibli Park and Ghibli Exhibition Behind-the-scenes explanation through numerous production documents of the works of Director Goro Miyazaki and how Ghibli Park was born. Tokyo venue: Jun 28 – Sep 23, ended with great success Aomori venue: Nov 13 – Feb 9; Okayama venue: Feb 28 – May
Slide 20: Anime Business
Anime Business ◆The Apothecary Diaries With over 38 million total copies issued, this wildly popular title hit the airwaves with its first season in October 2023 and created a massive buzz to capture the hearts of people across genders and generations. Now, it is slated for a second season in 2025!
Slide 21: Global Content Rollout
Global Content Rollout Dramas and entertainment show formats are also capturing the world’s attention! ●”Old Enough!” is exploding in popularity, with 7 localized versions! Sparked by its global streaming on Netflix, “Old Enough!” has exploded in popularity the world over and has been localized in C
Slide 22: Events Business
Events Business ◆Le dernier Monet Paysages d’eau October 5, 2024 (Sat) – February 11, 2025 (Tue) The National Museum of Western Art, Tokyo (Ueno, Tokyo) Around 50 masterpieces from Monet’s later years have arrived from the Musée Marmottan Monet to join works from all over Japan to deliver the larges
Slide 23: IP Business
IP Business Keep challenging! Using IP (intellectual property) content to create large-scale events. ●BMSG presents THE GAME CENTER BMSG of SKY-HI presents a new sports event in November at Tokyo Dome with the entire cast including BE:FIRST and MAZZEL. Join them as they run about the entire venue wh
Slide 24: IP Business
IP Business ●Original IP shows are off to a great start! Expectations are high for event-linked undertakings. ● ENHYPEN No Kakkoii Wo Dokusen Sasete Itadakimasu ENHYPEN, a 7-member South Korean global group, stars in this entertainment show that seeks to define a new “kakkoii” (translation: cool). O
Slide 25: Programming Strategy
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 26: October 2024 Programming Improvements
October 2024 Programming Improvements Improvements focused on creating shows that only Nippon TV can deliver for Fridays at 7 pm and weekends. Bolster the timetable with hosts that Nippon TV nurtured over the years and much-loved content to win the support of all generations for linear and digital p
Slide 27: FY2024 2nd Half One-offs and Sports Broadcasts
FY2024 2 nd Half One-offs and Sports Broadcasts Festive content that only Nippon TV can deliver, also for 2nd Half. “Masquerade” will have its 100 th broadcast, in addition to the 10 th Karada Week (Health Week) and many other irresistible content for 2 nd Half. Karada Week and One-offs Sports Broad
Slide 28: 2024 July Cour Core Target Viewer Ratings
2024 July Cour Core Target Viewer Ratings Quintuple Crown again for July 2024 cour! June 01, 2024 – September 29, 2024 NTV EX TBS TX CX All Day ① 2.4 ④ 1.1 ③ 1.5 ⑤ 0.4 ② 1.6 6:00 to 24:00 Prime Time ① 3.8 ④ 2.2 ② 2.8 ⑤ 1.1 ③ 2.5 19:00 to 23:00 HD: Consolidated Results Golden Time ① 4.0 ④ 2.0 ② 2.9 ⑤
Slide 29: 2024 July Cour Individual Viewer Ratings
2024 July Cour Individual Viewer Ratings Single Crown for golden time! June 01, 2024 – September 29, 2024 NTV EX TBS TX CX All Day ② 3.4 ① 3.5 ③ 2.8 ⑤ 1.2 ④ 2.2 6:00 to 24:00 Prime Time ② 4.9 ① 5.0 ③ 4.1 ⑤ 2.6 ④ 3.4 19:00 to 23:00 HD: Consolidated Results Golden Time ① 5.2 ② 5.0 ③ 4.2 ⑤ 3.0 ④ 3.4 19
Slide 30: Digital & Streaming
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 31: Streaming Business: HJ Holdings (Hulu Japan)
Streaming Business: HJ Holdings (Hulu Japan) (Millions of yen) Net Sales Operating loss FY2024 Apr. –Sep. 16,071 △299 1st Half saw weak performance from dramas, leading to a decline in subscribers. Hulu Japan Original Entertainment Shows ■”Kento Yamazaki and JEONGHAN Miracle Trip in South Korea” and
Slide 32: Streaming Business: TVer (AVOD)
Streaming Business: TVer (AVOD) TVer Highlights ■ Over 800 programs from all broadcasters streamed ■ Unique browsers: Jul: 33.91 mil Aug: 34.66 mil Sep: 29.55 mil Catch-up views: Jul: 480 mil Aug: 490 mil Sep: 420 mil ※Video Research calculation ■ Total app downloads: over 78 mil Nippon TV Initiativ
Slide 33: Strategic Investment Trend
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 34: Strategic Investment Trend
Strategic Investment Trend 2019-2021 2022‐2024 2012-2015 2016-2018 Nippon TV Medium Term Next60 Change65 eVOLUTION Management Plan Studio Ghibli Media & Content Business HD: Consolidated Results Group Companies Nippon TV Life & Health Related Business, Content others Strategy New Business Total Inve
Slide 35: Reference Materials
Stock Repurchase and Cross-shareholding Reduction Overview of Financial Results and Forecast Contents Strategy Programming Strategy Digital & Streaming Strategic Investment Trend Reference Materials
Slide 36: Segment Results
Segment Results (Millions of yen) Segment Profit Net Sales (△ Loss) FY2023 FY2024 FY2023 FY2024 Change Change Apr.-Sep. Apr.-Sep. Apr.-Sep. Apr.-Sep. Media 180,654 201,621 20,967 15,038 20,057 5,018 Content Business Life and Health HD: Consolidated 13,231 13,140 △91 426 △189 △615 Results Related Bus
Slide 37: Movie Lineup For 2nd Half FY2024 ①
Movie Lineup For 2nd Half FY2024 ① ★＝Co-organized with Nippon TV 〇＝Nippon TV is an investor in the film ■=Nippon TV is lead organizer Date Title Distributor Friday ★ACMA:GAME THE MOVIE TOHO October 25 Friday 〇Mr. Yano's Ordinary Days: The Movie HD: Consolidated SHOCHIKU November 15 （working title） R
Slide 38: Movie Lineup for 2nd Half FY2024 ②
Movie Lineup for 2 nd Half FY2024 ② ★＝Co-organized with Nippon TV 〇＝Nippon TV is an investor in the film ■=Nippon TV is lead organizer Date Title Distributor Friday 〇Suicide Notes Laid on the Table: The January 31, Movie SHOCHIKU 2025 （working title） Thursday ★True Beauty：The Movie A two-part film H
Slide 39: Miura Peninsula Machizukuri Project
Miura Peninsula Machizukuri Project Miura Peninsula Machizukuri Project is a business partnership agreement forged with Keikyu Corporation and Satoyume Co., Ltd. It is a regional revitalization project that commemorates Nippon TV’s 70 th anniversary. Its first initiative is the online media Jimo
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