Results Presentation The First Quarter of the Year Ending ... · Results Presentation The First...
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Results Presentation The First Quarter of the Year Ending March 31, 2020 August 1, 2019 Tokyo Broadcasting System Holdings, Inc.
Transcript of Results Presentation The First Quarter of the Year Ending ... · Results Presentation The First...
Results Presentation
The First Quarter of the
Year Ending March 31, 2020
August 1, 2019
Tokyo Broadcasting System Holdings, Inc.
TBS Radio, Inc. BS-TBS, INC. C-TBS, Incorporated
TBS SPARKLE, Inc. TBS-TEX Inc. Totsu Inc.
Art Communication System, Inc. TLC Co., Ltd. AKASAKA GRAPHICS ART, INC.
OXYBOT, Inc. TBS MEDIA RESEARCH INSTITUTE Inc. TBS International, Inc.
TBS GLOWDIA , Inc. NICHION, INC. TC Entertainment Incorporated
Golf Network Plus Inc. SEVEN-ARCS Co., Ltd. (with two other group companies)
StylingLife Holdings Inc. (with two other group companies)
Midoriyama Studio City, Inc. TBS Kikaku Co., Ltd. WOWOW Inc.
Akasaka Heat Supply, Co., Ltd. TBS Sunwork, Inc. Premium Platform Japan, Inc.
Place Holder, Inc.
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absorded and merged
Grand Marche, Inc.
TBS Service, Inc.
TBS TriMedia, Inc.
TBS ProNex Inc
Vecte, Inc. on April 1, 2019
Consolidated company in media and contents / real estate and other business (1)
Consolidated companies in media and contents (19)
TOKYO BROADCASTING SYSTEM TELEVISION, INC.
Consolidated companies in lifestyle business (3)
Consolidated companies in real estate and other business (4) Equity method affiliate (3)
List of Consolidated Companies
Tokyo Broadcasting System Holdings, Inc.
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Consolidated Statement of Income
(Unit: million yen)
Consolidated Year ending
March 31, 2019
Q1 (Apr. to Jun. 2018)
Year ending
March 31, 2020
Q1 (Apr. to Jun. 2019)
y/y change y/y change (%)
Net sales 88,783 88,488 -294 -0.3％
Operating income 4,868 4,985 117 2.4％
Ordinary income 9,994 10,098 103 1.0％
Profit attributable
to owners of parent 6,704 6,503 -200 -3.0％
TBS TV Year ending
March 31, 2019
Q1 (Apr. to Jun. 2018)
Year ending
March 31, 2020
Q1 (Apr. to Jun. 2019)
y/y change y/y change (%)
Net sales 53,811 52,750 -1,061 -2.0%
Operating income 2,359 2,990 630 26.7%
Ordinary income 3,500 4,208 708 20.2%
Net income 2,469 2,949 480 19.5%
(Unit: million yen)
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TBS Television Statement of Income
Notes on
results of
TBS TV
Operating expense in the Television division: -1.08
• Cost of program production: -1.17
• Agency commissions: -0.01 (6.74 for Q1)
• Network expense: -0.03
Operating expense in the Buisiness division: -0.65
Extraordinary income: N/A
(Unit: billion yen)
Breakdown of TBS TV Income
Q1 (Apr. to Jun. 2019) y/y change
Television 45,937 -326
(Time advertising) 21,122 -447
(Spot advertising) 21,218 234
(Content) 2,524 -139
(Others) 1,072 26
Business 6,093 -712
Real estate 718 -21
Total income 52,750 -1,061
(Unit: million yen)
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Year-on-Year Changes in Time / Spot Earnings
Q1
(Apr. to Jun. 2019)
Q1
(Apr. to Jun. 2018)
Time 97.9 105.1
Spot 101.1 95.6 TBS share among
five key broadcasters 20.2 19.3
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April May June Average
Spot in
Tokyo area 99.3 95.1 95.2 96.6
(Estimates)
Time
Spot
Spot in Tokyo area
Spot Advertising Sales Ranks by Business Category
Q1 (Apr. to Jun. 2019) Growth
rate Share Q1 (Apr. to Jun. 2018)
Growth rate
Share
1 Information, telecommunications,
and broadcasting 16.7 13.6 Alcoholic and other beverages 5.5 14.4
2 Alcoholic and other beverages -9.4 12.9 Information, telecommunications,
and broadcasting 10.4 11.7
3 Foods 9.7 12.4 Foods -8.9 11.4
4 Cosmetics and toiletry -10.7 8.5 Cosmetics and toiletry 6.0 9.6
5 Pharmaceuticals 2.9 7.2 Transportation and leisure 14.6 8.0
6 Eating-out and services 19.3 6.5 Pharmaceuticals -9.0 7.0
7 Transportation and leisure -20.1 6.4 Eating-out and services 29.5 5.5
8 Financial services 27.6 5.4 Automobiles and transportation
equipment -26.9 4.4
9 Automobiles and transportation
equipment 15.1 5.0 Financial services -24.3 4.3
10 Household Utensils 25.3 5.1 Entertainment and hobbies 18.6 4.5
(Unit: %)
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* Ranked in order of sales proceeds
(Unit: million yen)
Year ended March 31,
2019 Results
Year ending March 31,
2020Results y/y change
Q1 25,246 24,066 -1,180
(Direct expenses) 20,258 19,159 -1,099
(Indirect expenses) 4,988 4,907 -81
Q2 25,136
H1 50,382
Q3 24,394
Q4 24,546
H2 48,941
Fiscal year cumulative 99,322 (forecast) 98,800
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TV Program Costs (Production Expenses)
Major expenses included in TV program cost:
Direct expenses: Program production expenses, fees for broadcasting rights, fine arts production expenses,
technical production expenses
Indirect expenses: Absorbed cost including depreciation and personnel cost for employees
All day Golden time Prime time Non-prime time
TBS ④5.9 [-0.3] ④9.4 [-0.4] ③9.4 [-0.2] ④4.9 [-0.3]
NTV ①7.5 ①11.1 ①10.8 ②6.5
TV Asahi ①7.5 ②10.5 ②10.6 ①6.6
TV Tokyo ⑥2.5 ⑥ 6.0 ⑥ 5.5 ⑥1.7
Fuji TV ⑤5.6 ⑤ 8.0 ⑤ 7.7 ④4.9
NHK ③6.2 ③10.1 ④ 8.8 ③5.4
HUT 39.2 58.8 56.3 34.4
* Figures in parentheses denote the difference from the same period in the previous year. Percentage (%)
Q1 Viewer Ratings
Ratings for April 1, 2019 to June 30, 2019, on a weekly basis (According to research by Video Research Ltd. in the Kanto region)
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Consolidated Q1 (Apr. to Jun. 2019) y/y change
Capital expenditures 7,045 5,537
Depreciation 3,541 208
TBS TV Q1 (Apr. to Jun. 2019) y/y change
Capital expenditures 719 △131
Depreciation 2,077 38
(Unit: million yen)
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Capital Expenditures and Depreciation
External sales Operating income
Year ended
March 31, 2018
Q1
(Apr. to Jun.)
Year ending
March 31, 2019
Q1
(Apr. to Jun.)
y/y change y/y change
(%)
Year ended
March 31, 2018
Q1
(Apr. to Jun.)
Year ending
March 31, 2019
Q1
(Apr. to Jun.)
y/y change y/y change
(%)
Media and Contents 67,420 66,862 -557 -0.8% 1,989 2,454 465 23.4%
Lifestye 17,323 17,510 186 1.1% 696 473 -223 -32.1%
Real Estate
and Others 4,038 4,115 76 1.9% 2,180 2,057 -123 -5.7%
Consolidated 88,783 88,488 -294 -0.3% 4,868 4,985 117 2.4%
Factors behind changes
External sales Operating income
Media and Contents
TBS TELEVISION (-8.2) TBS GLOWDIA (-3.4)
TBS HD (-2.2) NICHION (+3.1)
TC Entertainment (+5.1)
TBS TELEVISION (+6.9) TBS GLOWDIA (-2.8)
TBS SPARCLE (-1.6)
Lifestye SLG (+1.8) SLG (-2.2)
Real Estate
and Others TBS HD (+0.8) Midoriyama Studio (-0.2) Akasaka Heat supply (-0.2)
(Unit: million yen)
Consolidated Results by Segment
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(Unit: 100 million yen)
As of
Mar. 2019
As of
Jun. 2019 Change
As of
Mar. 2019
As of
Jun. 2019 Change
Current
assets 144,192 131,448 -12,743
Current
liabilities 80,099 67,501 -12,597
Long-term
liabilities 117,090 117,980 889
Total liabilities 197,189 185,482 -11,707
Fixed
assets 654,289 657,043 2,754
Total net assets 601,291 603,009 1,718
Shareholders’
equity 584,614 586,416 1,802
Non-controlling
interests 16,677 16,592 -84
Total
assets 798,481 788,491 -9,989
Total liabilities
and net assets 798,481 788,491 -9,989
Interest-bearing liabilities at the end of the quarter:
3.0 billion yen (-0.0 billion yen from the end of the previous quarter)
(Unit: million yen)
Consolidated Balance Sheets
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* Excluding lease obligations
TBS Radio Year ended
March 31, 2019
Q1 (Apr. to Jun. 2018)
Year ending
March 31, 2020
Q1 (Apr. to Jun. 2019) y/y change y/y change (%)
Net sales 2,425 2,439 14 0.6%
Operating income 70 66 -4 -6.2%
Ordinary income 73 69 -4 -5.7%
Net income 43 40 -2 -6.0%
BS-TBS Year ended
March 31, 2019
Q1 (Apr. to Jun. 2018)
Year ending
March 31, 2020
Q1 (Apr. to Jun. 2019) y/y change y/y change (%)
Net sales 4,038 4,239 201 5.0%
Operating income 416 416 0 0.1%
Ordinary income 432 431 -1 -0.3%
Net income 293 295 2 0.8%
TBS Radio / BS-TBS
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(Unit: million yen)
StylingLife Group
(Consolidated)
Year ended
March 31, 2019
Q1 (Apr. to Jun. 2018)
Year ending
March 31, 2020
Q1 (Apr. to Jun. 2019) y/y change y/y change (%)
Net sales 17,323 17,510 186 1.1%
Operating income 862 638 -224 -26.0%
Ordinary income 862 636 -226 -26.3%
Net income 438 237 -201 -45.9%
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(Unit: million yen)
StylingLife Group
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Disclaimer
Forward-looking statements on future results and all other content in this document are
based on the Company’s judgment at the time of publication. This document does not
assure or guarantee that the stated numerical plans and measures will be achieved. Risks
and uncertainties are inherent in this document.
Please note that future results may differ materially from statements herein, depending on
changes in factors, including economic circumstances, market trends and business
conditions.
For inquiries:
IR Promotion Department, President’s Office
Tokyo Broadcasting System Holdings, Inc.
5-3-6 Akasaka, Minato-ku, Tokyo 107-8006
Telephone: 03-3746-1111 (switchboard) HP: http://www.tbsholdings.co.jp/ir/en
