(April 1 December 31, 2010)...2011/02/21 · FY09 Top 5 Bestsellers (Apr. ‐Dec. 2010) Apr....
Transcript of (April 1 December 31, 2010)...2011/02/21 · FY09 Top 5 Bestsellers (Apr. ‐Dec. 2010) Apr....
Results Meeting for 3rd Quarter of FY2010(April 1 ‐ December 31, 2010)
February 8, 2011
Nippon Television Network Corporation
Statements made in this presentation with respect to NTV' s current plans, strategies and beliefs as well as other statements that are not historical facts are forward‐looking statements. Such forward‐looking statements are based on management's assumptions and beliefs in light of the information currently available to it. These forward‐looking statements involve risks and uncertainties that could cause actual results to differ materially from those discussed in the forward‐looking statements, and therefore you should not place undue reliance on them. We do not intend to update these forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable laws.
Nippon Television Network Corporation
FY2010 3rd Quarter Highlights
Upward earnings forecasts
Both consolidated and non‐consolidated profit increased while sales slightly decreased
Spot sales increased favorably
Continue reducing production costs
Nippon Television Network Corporation
FY09 Apr. ‐ Dec.
FY10 Apr. ‐ Dec.
%
Net sales 223,366 222,884 △0.2
Operating profit 16,739 23,424 39.9
Recurring profit 19,938 30,087 50.9
Net income 12,274 16,788 36.8
Operating Results (Consolidated)
Nippon Television Network Corporation
(Unit: Millions of yen)
FY09 Oct. ‐ Dec.
FY10 Oct. ‐ Dec.
%
Net sales 79,053 77,911 △1.4
Operating profit 8,517 11,715 37.5
Recurring profit 9,581 12,858 34.2
Net income 5,804 7,552 30.1
Operating profit per company
Nippon Television Network Corporation
FY09 Apr.‐ Dec.
FY10 Apr. ‐ Dec.
%
Net sales 196,331 192,721 △1.8
Operating profit 16,509 19,881 20.4
Recurring profit 18,941 24,733 30.6
Net income 10,477 13,312 27.1
Operating Results (Non‐consolidated)
Nippon Television Network Corporation
(Unit: Millions of yen)
FY09Oct.‐ Dec.
FY10Oct.‐ Dec.
%
Net sales 67,017 66,399 △0.9
Operating profit 7,736 10,765 39.2
Recurring profit 8,329 11,250 35.1
Net income 4,942 6,447 30.4
Sales revenue per business segment
Nippon Television Network Corporation
FY09 Apr. ‐ Dec.
FY10 Apr. ‐ Dec.
In/Decrease
%
Total 152,668 156,672 4,004 2.6
Time 83,563 79,516 △4,047 △4.8
Spot 69,104 77,156 8,052 11.7
TV Broadcasting Revenue (Non‐consolidated)
Nippon Television Network Corporation
(Unit: Millions of yen)
FY09 Oct. ‐ Dec.
FY10 Oct. ‐ Dec.
In/Decrease
%
Total 53,678 54,781 1,103 2.1
Time 28,250 26,427 △1,822 △6.5
Spot 25,428 28,353 2,925 11.5
Nippon Television Network Corporation
Events/Content Business Sales and Cost
Sales Cost
Events 4,119 3,729
BS, CS, CATV, Other 3,816 2,030
Rights 2,267 792
Overseas Sales 377 144
Media Commerce 8,550 7,724
Publications 492 410
Movies 5,426 4,716
VoD 857 903
Other 24 380
Total 25,928 20,828
(Unit: Millions of yen)FY10 Apr. ‐ Dec.
Nippon Television Network Corporation
FY09 Apr. ‐ Dec. FY10 Apr. ‐ Dec. Increase %
70,464 69,296 △1,167 △1.7
FY09 Oct. ‐ Dec. FY10 Oct. ‐ Dec.
23,281 21,276 △2,004 △8.6
Production Costs (Non‐consolidated)
Nippon Television Network Corporation
(Unit: Millions of yen)
Nippon Television Network Corporation
CAPEX and Depreciation
Nippon Television Network Corporation
FY10 Apr.‐ Dec. CAPEX Depreciation
Consolidated 3.5 6.2
Non‐consolidated 3.1 5.6
FY10 Forecast CAPEX Depreciation
Consolidated 5.2 8.5
Non‐consolidated 4.5 7.6
FY11 Forecast CAPEX Depreciation
Non‐consolidated 7.9 7.5
(Unit: Billions of yen)
Nippon Television Network Corporation
Segment Information (Results and Forecast)
FY10 ForecastContent business
Real estate business
Other Adjustment Consolidated
Net sales 292,100 7,200 2,600 △4,900 297,000
Operating expenses
261,890 5,370 2,640 △4,900 265,000
Operating profit
30,210 1,830 △40 - 32,000
Apr. ‐ Dec. Results
Content business
Real estate business
Other Adjustment Consolidated
Net sales 219,050 5,339 2,245 △3,751 222,884
Operating expenses
197,003 3,973 2,233 △3,751 199,459
Operating profit
22,046 1,366 11 - 23,424
(Unit : Millions of yen)
Nippon Television Network Corporation
Sales Results and Forecast (Time)
Nippon Television Network Corporation
Time FY09 FY10
October △14.8% 1.5%
November △10.1% △14.4%
December △20.4% △5.9%
Oct.‐Dec. △15.3% △6.5%
(%)
Nippon Television Network Corporation
Sales Results and Forecast (Spot)
Nippon Television Network Corporation
Spot FY09 FY10
October 4.1% 12.0%
November 5.7% 10.9%
December 4.8% 11.7%
Oct.‐Dec. 4.9% 11.5%
(%)
Nippon Television Network Corporation
■ Record‐setting net sales (YTD) for April‐December
・Increased broadcast time at network affiliate stations・Popular‐selling items・Special programs garner popularity in addition to regular programming■ Future Strategies・ Incorporate more at network affiliate stations ,
especially during special programs・ Enrich regular programming (increase broadcast time of live studio broadcast)・ Increase customer satisfaction(i.e.: improve designated delivery
time/date system)
TV‐Shopping
Nippon Television Network Corporation
Top 5 Bestsellers (Apr. ‐ Dec. 2010)FY09 Apr. – Dec.
FY10 Apr. – Dec.
Revenue 7,939 8,550
Profit 828 826
(Unit : Millions of yen)3rd Quarter sales and profit
Nippon Television Network Corporation
FY09 Apr. ‐ Dec. FY10 Apr. ‐ Dec . Increase %
Net sales 15,956 17,084 1,128 7.1
Operating profit △1,802 73 1,876 -
VAP
Nippon Television Network Corporation
(Unit : Millions of yen)
Analysis
Factors contributing to increased sales
• VAP, who conducts consignment sales for TOY’S FACTORY, has released albums by leading artists, such as Mr. Children ➪sales have doubled yoy
Factors contributing to increased profit
• Decrease of VAP’s amortization of Minimum Guarantee (MG) (2.52 billion yen to 450 million yen); reduction of production costs (2.25 billion yen to 1.24 billion yen)
Forecast for 4th Quarter
• Planned DVD releases movies “BECK” and “Kimi ni Todoke,” Drama “Q10” and CD+DVD boxed set of “Star Tanjyo!”
Nippon Television Network Corporation
Fiscal year Net sales Operating profit Recurring profit Net income
Consolidated 297,000 32,000 39,000 22,000
Non‐consolidated 259,500 28,000 33,000 18,000
FY2010 Forecast and Preconditions
Nippon Television Network Corporation
(Unit : Millions of yen)
2H FY
TV broadcasting revenue 2.0% 2.4%
Time △6.7% △5.4%
Spot 12.1% 11.9%
Production costs △9.5% △3.9%
Preconditions of TV broadcasting revenue and production costs
FY2010 Forecast
Nippon Television Network Corporation
Viewer Rating Topics
Nippon Television Network Corporation
NTV TBS CX EX TX
Difference between 1st
and 2nd place (Yoy)
All day 8.1 6.5 8.3 7.3 2.9 △0.2
② ④ ① ③ ⑤ (△0.2)
Prime time 12.5 9.7 12.9 11.8 6.0 △0.4
② ④ ① ③ ⑤ (△0.8)
Golden time 12.3 9.5 13.0 11.2 6.3 △0.7
② ④ ① ③ ⑤ (△1.1)
Non‐prime time 6.9 5.6 7.1 6.0 2.0 △0.2
② ④ ① ③ ⑤ (+0.1)
Average Yearly Viewer Ratings for 2010 (01/04/2010 ‐ 01/02/2011)
Nippon Television Network Corporation
Programming Strategies• Ongoing strengthening of
“structural programming reforms”
• Programming conscious of
fully digitalized era
Dominate core target viewership (all day, and golden and prime times)Further enhance the power of television
Themes of April programming reforms based on above strategies
TV takes the front row! Recapture top position!!
*Aggressive reform of All Day programming slot and strengthening of Golden and Prime times・Renewal of 33‐year long‐running program ”Zoom In!! SUPER”;Start of new program “ZIP!!”・Kiyotaka Nanbara to MC noontime infotainment program “DON!”
■Highlights of April programming reforms
■Yomiuri Giants baseball broadcast for upcoming season・Giants home games to be broadcast on CS, BS and terrestrial channels・Seven night games (1 less game) and 15 day games (1 additional game)
■Program distribution・Commence TV catch‐up service of ”DEKA WANKO –Ms. Detective vs. Police Dog‐ “ on NTV On‐Demand
■Production costs・Continue effective usage of budget
Reference Materials for Financial Results
Nippon Television Network Corporation
Spot Sales (Oct. ‐ Dec.)
Nippon Television Network Corporation
FY10 Oct. ‐ Dec. Share % FY09 Oct. ‐ Dec. Share %
1 Cosmetics/Toiletries 13.0 39.1 Cosmetics/Toiletries 10.4 10.9
2 Electronic equipment 11.7 25.7 Electronic equipment 10.3 △ 14.0
3Transportation/Telecommunications
9.6 51.6 Pharmaceutical 8.7 5.8
4 Pharmaceutical 7.7 △ 1.1 Alcohol 6.8 0.3
5 Automobile 5.5 10.5Box‐office/Entertainment
6.5 60.5
6 Non‐alcohol 4.4 60.1Transportation/Telecommunications
6.5 △ 5.2
7Wholesale/Department store
4.3 62.2 Service 6.2 39.2
8 Service 4.1 △ 19.3 Automobile 5.6 △ 15.4
9 Finance 4.1 8.9Foods (Dairy product/Seasoning)
4.4 23.4
10 Alcohol 3.9 △ 36.1 Record, CD and DVD 4.4 96.9
Other 31.8 17.1 Other 30.3 8.7
Total 100.0 Total 100.0
Nippon Television Network Corporation
Overview of Management Policy 2010