Hakuhodo Dy Holdings Incorporated · TSE:2433
Hakuhodo Dy — H1 FY2021 Earnings Presentation
36 slides from Hakuhodo Dy's earnings presentation, Nov 12, 2021
Slide 1: Consolidated Financial Highlights FY2021 First-half (April-Sep., 2021)
Consolidated Financial Highlights FY2021 First-half (April-Sep., 2021) November 12, 2021 Hakuhodo DY Holdings, Inc.
Slide 2: Consolidated Results Highlights of 1H FY 2021
Consolidated Results Highlights of 1H FY 2021
Slide 3: 1H FY2021 Summary
1H FY2021 Summary Recovery trend from COVID-19 continues, with significant increases in both billings and profits. - Significant increase in both billings and profit due to recovery in advertising demand and contribution from Government/Organizations sector business. - Top line recovered to the leve
Slide 4: 1H FY2021 Income Statements Highlight
1H FY2021 Income Statements Highlight （Millions of JPY） Actual YOY Billings 661,373 +127,308 +23.8% Revenue 370,902 +83,042 +28.8% Operating Income 28,249 +26,449 +1468.9% Ordinary Income 29,898 +26,185 +705.4% Net Income Attributable to Owners of Parent 14,557 +17,990 n/a - Both billings and profit
Slide 5: 1H FY2021 Results (Excluding Investment Business)
1H FY2021 Results (Excluding Investment Business) (Millions of JPY) Actual YOY vs FY2019 Gross profit & Operating Income before amortization of goodwill by quarter Billings 656,209 +127,848 +24.2% -3.3% Revenue 365,737 +83,582 +29.6% +0.8% Gross Profit 161,683 +37,557 +30.3% +7.9% Gross Margin 24.6%
Slide 6: Results by Region (Japan: Excluding Investment Business)
Results by Region (Japan: Excluding Investment Business) 1H FY2021 (Millions of JPY) Actual YOY vs FY2019 Gross profit & Operating Income before amortization of goodwill by quarter Billings 576,043 +112,653 +24.3% -5.4% （millions of JPY） Revenue 285,572 +68,387 +31.5% -2.7% Gross Profit 126,118 +30,
Slide 7: Results by Region (Overseas)
Results by Region (Overseas) 1H FY2021 (Millions of JPY) Actual YOY vs FY2019 Gross profit & Operating Income before amortization of goodwill by quarter Billings 83,356 +15,585 +23.0% +13.3% （Millions of JPY） Revenue 83,356 +15,585 +23.0% +13.3% Gross Profit 37,210 +7,748 +26.3% +15.9% Gross Margin
Slide 8: Billings by Service Category
Billings by Service Category 1H FY2021 Composition (Millions of JPY) Actual YOY （ref.）vs Q1 FY19 Ratio Newspapers 17,424 +2,807 +19.2% 3.0% -3,596 -17.1% Magazines 4,034 -578 -12.5% 0.7% -4,255 -51.3% Radio 5,767 +172 +3.1% 1.0% -1,662 -22.4% Television 183,310 +23,869 +15.0% 32.0% -25,206 -12.1% Tr
Slide 9: Billings by Clients' Industry
Billings by Clients’ Industry 1H FY2021 • 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. - Main Positive Industries Information/Communications 1H FY
Slide 10: Selling, General & Administrative Expenses
Selling, General & Administrative Expenses 1H FY2021 （Millions of JPY） Actual YOY Major Change Factors in SG&A (Millions of JPY) Personnel 95,840 +8,496 +9.7% Q2 FY20 SG&A 127,894 Rent 9,233 -37 -0.4% Change in scope of consolidation +3,347 Depreciations 3,332 +394 +13.4% Amortization of goodwill +1
Slide 11: Other Income & Extra-ordinary Items
Other Income & Extra-ordinary Items 1H FY2021 Other Income/Loss （Millions of JPY） Actual YOY Non-operating Income 2,355 -184 Interest Income 148 -4 Dividend Income 1,180 -489 Investment Partership Income 329 +329 Non-operating Expenses 706 +78 Interest Expenses 249 +26 FOREX 42 -62 Share of loss of
Slide 12: Guidance/Dividend for FY2021
Guidance/Dividend for FY2021
Slide 13: Guidance for FY2021
Guidance for FY2021 Advertising demand in the second half of the fiscal year is expected to remain firm at present, although uncertainty remains due to the impact of supply chain disruptions and concerns about the reemergence of the COVID. Based on such market conditions, and taking into account the
Slide 14: Dividend forecast
Dividend forecast Our basic policy is to pay dividends in a stable and continuous manner. 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. Und
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 1H FY2021 YTD（6-Month） by Quarter（3-Month） （Millions of JPY） Actual YOY Q1 YOY Q2 YOY Billings 661,373 +127,308 +23.8% 326,964 +25.3% 334,409 +22.5% Revenue 370,902 +83,042 +28.8% 172,378 +22.3% 198,524 +35.2% Gross Profit 1
Slide 18: Results Excluding Investment Business
Results Excluding Investment Business 1H FY2021 YTD （6-Month） by Quarter（3-Month） Results Excluding Investment Business （Millions of JPY） Actual YOY Q1 YOY Q2 YOY Billings 656,209 127,848 +24.2% 323,680 +26.6% 332,528 +21.9% Revenue 365,737 83,582 +29.6% 169,094 +24.8% 196,643 +34.1% Gross Profit 16
Slide 19: Results by Region
Results by Region 1H FY2021 （Millions of JPY） Actual YOY Japan Billings 581,208 +112,113 +23.9% Revenue 290,737 +67,847 +30.4% Gross Profit 131,064 +29,593 +29.2% SG&A 93,070 +4,038 +4.5% Operating Income 37,994 +25,554 +205.4% Overseas Billings 83,356 +15,585 +23.0% Revenue 83,356 +15,585 +23.0% Gr
Slide 20: Results by Region (YTD, by Quarter)
Results by Region(YTD, by Quarter) 1H FY2021 YTD （6 -Month） by Quarter（3-Month） Japan (Excluding Investment Business) （Millions of JPY） YTD Actual YOY Q1 YOY Q2 YOY Billings 576,043 +112,653 +24.3% 284,874 +30.2% 291,169 +19.0% Gross Profit 126,118 +30,215 +31.5% 58,291 +33.1% 67,826 +30.2% Gross Ma
Slide 21: Billings by Service Category
Billings by Service Category 1H FY2021 YTD （6-Month） by Quarter（3-Month） （Millions of JPY） YTD Actual YOY Q1 YOY Q2 YOY Newspapers 17,424 +2,807 +19.2% 9,201 +44.2% 8,222 -0.1% Magazines 4,034 -578 -12.5% 1,907 -20.2% 2,126 -4.3% Radio 5,767 +172 +3.1% 2,887 +5.9% 2,880 +0.4% Television 183,310 +23,
Slide 22: Billings by Clients' Industry
Billings by Clients’ Industry 1H FY2021 （Millions of JPY） Actual YOY Composition vs FY2019 Information/Communications 64,460 +16,969 +35.7% 13.3% +4,844 +8.1% Beverages/Cigarettes/Luxury foods 58,360 +7,458 +14.7% 12.1% -2,413 -4.0% Automobiles/Related products 48,077 +3,857 +8.7% 9.9% -16,093 -25.1
Slide 23: Billings by Clients' Industry (YoY, by Quarter) 1
Billings by Clients’ Industry (YoY, by Quarter) 1 FY2019 FY2020 FY2021 (Millions of JPY) Information/Communications Beverages/Cigarettes/Luxury foods Automobiles/Related products +10,974 +8,000 +5,994 +8,000 +8,000 +4,416 +4,316 +3,318 +3,041 +2,099 +1,976 +3,000 +3,000 +737 +3,000 +513 -2,000 -501
Slide 24: Billings by Clients' Industry (YoY, by Quarter) 2
Billings by Clients’ Industry (YoY, by Quarter) 2 FY2019 FY2020 FY2021 (Millions of JPY) Finance/Insurance Restaurant/Services Distribution/Retailing +8,000 +8,000 +8,000 +4,151+3,797 +4,277 +2,904+3,139 +2,172 +1,840 +2,094 +3,000 +1,200 +3,000 +3,000 +161 -2,000 -2,000 -2,000 -1,110 -718 -936 -1,7
Slide 25: Billings by Clients' Industry (YoY, by Quarter) 3
Billings by Clients’ Industry (YoY, by Quarter) 3 FY2019 FY2020 FY2021 (Millions of JPY) Government/Organizations Household products Apparel/Accessories +17,430 +8,000 +8,000 +8,000 +3,230 +2,332+1,646 +2,153 +3,000 +940 +3,000 +681 +673 +197 +3,000 +518 +249 +344 -2,000 -2,000 -2,000 -554 -144 -756
Slide 26: Billings by Clients' Industry (YoY, by Quarter) 4
Billings by Clients’ Industry (YoY, by Quarter) 4 FY2019 FY2020 FY2021 (Millions of JPY) Education/Medical services/Religion Precision machinery/Office supplies Classified advertising/Other +8,000 +8,000 +8,000 +3,000 +3,000 +908 +3,000 +136 +279 +210 +236 +122 +559 +73 +178 -2,000 -164 -220 -117 -6
Slide 27: Balance Sheets
Balance Sheets （Millions of JPY） End of Sep 2021 Change * Composition Current Assets 639,873 13,141 65.6% Cash & Deposits 205,962 26,650 Accounts Recievable 312,685 -48,038 Non-current Assets 334,862 20,490 34.4% Tangible Assets 35,888 972 Intangible Assets 73,516 4,465 Goodwill 46,223 4,422 Investm
Slide 28: Cash Flow Statements
Cash Flow Statements 1H FY2021 （Millions of JPY） Actual YOY Cash Flows from Operating Activities 31,758 +52,975 Cash Flows from Investing Activities -9,599 +2,905 Purchase of property, plant and equipment -2,043 -534 Purchase of intangible assets -2,208 +860 Purchase of investment securities -2,150
Slide 29: Update on progress under the Medium-Term Business Plan
Update on progress under the Medium-Term Business Plan Abbreviations within this document HC: Hakuhodo DY Holdings Inc. H: Hakuhodo Inc. D: Daiko Advertising Inc. Y: YOMIKO ADVERTISING INC. MP: Hakuhodo DY Media Partners Inc. DAC: D.A.Consortium Inc. IREP: IREP Co., Ltd HP: HAKUHODO PRODUCT’S INC. S
Slide 30: Important indicators
Medium-Term Business Plan (FY2019-FY2023: 5-year plan) With sei-katsu-sha insight as our cornerstone, the Hakuhodo DY Group will combine its creativity, Core Medium- integrative capabilities, and data and technology utilization skills to play a leading role in evolving Term Strategy companies’ marke
Slide 31: Overview of Progress in the First Half of FY2021
Overview of Progress in the First Half of FY2021 ■ Both revenue after adjustments and operating income before amortization of goodwill exceeded the levels that they were before the COVID-19 pandemic due to recovery of advertising demand and appropriate responses to various needs during the pandemic,
Slide 32: Main measures
Key Strengthening Measures Centered around the Three Fundamentals for Growth Strengthening of structures and response capabilities centered around the MTBP’s three fundamentals for growth. Main measures Establish a leading position in the broader digital domain Strengthen response capabilities for
Slide 33: Establish a Leading Position in the Broader Digital Domain
Establish a Leading Position in the Broader Digital Domain ■ While a certain level of impact remained from the COVID-19 pandemic, Internet media billings were up 18.7% compared with FY2019. ■ Focused efforts on not only strengthening our response to clients’ DX (digital transformation) needs in line
Slide 34: Strengthen Response Capabilities for Borderless Corporate Activities
Strengthen Response Capabilities for Borderless Corporate Activities ■ Revenue from overseas businesses saw a 15.9% increase compared with FY2019 owing to recovery in the business performance of Group companies in Greater China and North America, as well as the positive impact of M&A. Overseas reven
Slide 35: Acceleration of Innovation through External Collaborations
Acceleration of Innovation through External Collaborations ■ Amid the lingering impact of the COVID-19 pandemic, continued to reinforce our foundations for collaboration with a view to creating new businesses with diverse partners. ■ Focused efforts on creating businesses that benefit society by int
Slide 36: HakuhodoDY holdings
HakuhodoDY holdings
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