supplemental data for the consolidated financial …...consolidated financial results for the 1st...
TRANSCRIPT
Supplemental Data for the Consolidated Financial Results for the 1st Quarter of the Fiscal Year Ending March 2016 (FY 2015 Q1)
© 2015 Faith, Inc. All Rights Reserved.
Faith, Inc.
1 © 2015 Faith, Inc. All Rights Reserved.
Consolidated Financial Results for the 1st Quarter of the Fiscal Year Ending March 2016 (FY 2015 Q1)
FY11 1Q FY12 1Q FY13 1Q FY14 1Q FY15 1Q
Net sales 278.3 16.6 16.3 44.4 46
Operating income 7.4 2.7 1.7 (3.9) 1.6
Net income 4.3 1.9 1.8 (2.9) 0.5
-10
0
10
20
30
40
50
0
60
120
180
240
300
2
In line with the continuing expansion in sales of smartphone-use services and Nippon Columbia’s return to profitability, the Faith Group recorded net sales of ¥4,695 million, operating income of ¥164 million, and net income attributable to the shareholders of the parent company of ¥55 million.
© 2015 Faith, Inc. All Rights Reserved.
※Net income for the current term attributable to shareholders of the parent company
Consolidated Financial Result Highlights for FY 2015 Q1
Operating income: 100 million yen
Net sales: 100 million
yen
※Following the disposal of the Company’s consolidated subsidiary WebMoney Corporation in July 2011, the Electronic Money Business was eliminated and sales revenue has not been recorded in this segment since FY 2011 Q2.
Due to the positive deployment of new services, net sales in the Content Business increased by 3.0% to ¥1,125 million. Moreover, as a result of reductions in subcontracting, advertising and promotional expenses, operating income increased by ¥32 million year on year to ¥33 million.
FY11 1Q FY12 1Q FY13 1Q FY14 1Q FY15 1Q
Net sales 1,632 1,371 1,287 1,093 1,125
Operating income 253 253 153 0 33
0
70
140
210
280
0
500
1,000
1,500
2,000
3 © 2015 Faith, Inc. All Rights Reserved.
Results of the Content Business During FY 2015 Q1
Operating income:
million yen
Net sales: million yen
FY11 1Q FY12 1Q FY13 1Q FY14 1Q FY15 1Q
Net sales 481 297 352 586 571
Operating income 60 24 26 20 53
0
10
20
30
40
50
60
0
100
200
300
400
500
600
4
Although more new points were issued, eco-point sales declined following the end of the eco-point system. As a result, net sales decreased by 2.4% to ¥571 million. Also, with the shift to server management-based operation and a revision of procurement costs, operating income increased by 165.8% to ¥53 million.
© 2015 Faith, Inc. All Rights Reserved.
Results of the Point Service Business During FY 2015 Q1
Operating income:
million yen
Net sales: million yen
5
※The Columbia Business’s net sales and operating income have been included in the Faith Group’s business results since FY 2014 Q1.
© 2015 Faith, Inc. All Rights Reserved.
Higher sales of animation-related titles and a general increase in Direct Sales Business sales boosted the Columbia Business’s sales by 8% to ¥2,998 million. The sales increase plus a steep decline in fixed costs due to career change support measures sent operating income to ¥71 million, up ¥485 million year on year.
FY11 1Q FY12 1Q FY13 1Q FY14 1Q FY15 1Q
Net sales - - - 2,765 2,998
Operating income (413) 71
-500
0
500
1,000
1,500
2,000
2,500
3,000
-500
0
500
1,000
1,500
2,000
2,500
3,000
Results of the Columbia Business During FY 2015 Q1
Operating income:
million yen
Net sales: million yen
6 © 2015 Faith, Inc. All Rights Reserved.
FY 2015 Q1 Consolidated Business Performance by Segment (Compared with the Previous Fiscal Year)
(Unit: million yen)
※The adjustment amount is due to the elimination of inter-segment transactions.
Year-on-year
change
Year-on-year
change (%)
Net sales 4,445 4,695 250 0
Content Business 1,093 1,125 32 0
Point Service Business 586 571 (14) 0
Columbia Business (2,765) 2,998 232 0
Operating income (391) 164 556 —
Content Business 0 33 32 —
Point Service Business (20) 53 73 —
Columbia Business (413) 71 484 —
Adjustment amount* 0 5 4 —
(386) 168 554 —
(293) 55 349 —
FY15 Q1FY14 Q1
Ordinary income
Net income attributable to
shareholders of the parent
Retained earnings, etc. 108 Retained earnings, etc.
106
Capital surplus 37 Capital surplus 37
Capital stock 32 Capital stock 32
Fixed liabilities 9 Fixed liabilities 8
Other current liabilities 48 Other current liabilities 40
Long-term loans 13
Long-term loans 12
Notes/accounts payable 11
Notes/accounts payable 9
Investments/other assets 19
Investments/other assets 20
Intangible fixed assets 27 Intangible fixed assets 27
Tangible fixed assets 30 Tangible fixed assets 30
Other current assets 22 Other current assets 18
Notes/accounts receivable 29 Notes/accounts receivable
21
Cash & deposits 131
Cash & deposits 130
0
20
40
60
80
100
120
140
160
180
200
220
240
260
2015年3月末 総資産 258億円 2015年6月末 総資産 244億円
Unit: 100 million yen Faith Consolidated Balance Sheet Information
© 2015 Faith, Inc. All Rights Reserved.
Equity capital 166
(Capital ratio
68.1%)
Equity capital 169
(Capital ratio
65.5%)
FY 2015 Q1 Consolidated Balance Sheet (Compared with the End of the Previous Fiscal Year)
End of March 2015: Total assets ¥25,800 million
End of June 2015: Total assets ¥24,400 million
8 © 2015 Faith, Inc. All Rights Reserved.
FY 2015 Full Year Business Performance Forecast
FY11 FY12 FY13 FY14 FY15
Net sales 334 67 63 196 200
Operating income 16 10 5 (8) 4
Net income 67 11 4 (33) 2
-40
-20
0
20
40
60
80
0
100
200
300
400
9 © 2015 Faith, Inc. All Rights Reserved.
FY 2015 Full Year Business Performance Forecast
Operating income:
100 million yen
Net sales: 100 million
yen
※Following the disposal of the Company’s consolidated subsidiary WebMoney Corporation in July 2011, the Electronic Money Business was eliminated and sales revenue has not been recorded in this segment since FY 2012 Q2.
*Net income for the current term attributable to shareholders of the parent company
Amid a continuing decline in sales of existing services and the expansion of new services, our forecast is for net sales of ¥20 billion (up 2.1% year-on-year). Also, with the return to profitability of the Columbia following its structural reforms and with revenue from new services, we are forecasting operating income of ¥400 million and net income attributable to the shareholders of the parent company of ¥150 million.
10 © 2015 Faith, Inc. All Rights Reserved.
FY 2015 Consolidated Business Performance Forecast by Segment
(Unit: million yen)
※The adjustment amount is due to the elimination of inter-segment transactions.
Year-on-year
change
Year-on-year
change (%)
Net sales 19,597 20,000 403 0
Content Business 4,550 6,400 1,849 0
Point Service Business 2,454 2,100 (354) (0)
Columbia Business 12,591 11,500 (1,091) (0)
Operating income (891) 400 1,291 —
Content Business 168 335 166 1
Point Service Business 26 55 28 1
Columbia Business (1,104) 10 1,114 —
Adjustment amount* 18 15 (3) —
Ordinary income (862) 380 1,242 —
(3,340) 150 3,490 —
FY15
(forecast)
FY14
Net income attributable to shareholders
of the parent company
11 © 2015 Faith, Inc. All Rights Reserved.
Reference Materials
4,445
12 © 2015 Faith, Inc. All Rights Reserved.
4,695
4,445
+232
(14)
+32
- 1,000 2,000 3,000 4,000 5,000
FY15 1Q
コロムビア事業
ポイント事業
コンテンツ事業
FY14 1Q
Unit: million yen
FY 2014 Q1
Content Business
Point Service Business
Columbia Business
FY 2015 Q1
FY 2015 Q1 Consolidated Net Sales (Compared with Previous Fiscal Year)
13 © 2015 Faith, Inc. All Rights Reserved.
163
(391)
+4
+485
+33
+32
(400) (300) (200) (100) - 100 200
FY15 1Q
調整額
コロムビア事業
ポイント事業
コンテンツ事業
FY14 1Q
Unit: million yen
FY 2014 Q1
Content Business
Point Service Business
Columbia
Business
Adjustment amount*
FY 2015 Q1
FY 2015 Q1 Consolidated Operating Income (Compared with Previous Fiscal Year)
※The adjustment amount is due to the elimination of inter-segment transactions.
△386
14 © 2015 Faith, Inc. All Rights Reserved.
168
6
(3)
(4)
556
(386)
(400) (300) (200) (100) - 100 200
FY15 1Q
その他
持分法による
投資損失の増
受取利息の減/
支払利息の増
営業利益の増
FY14 1Q
Unit: million yen
FY 2014 Q1
Increase in operating income
Decrease in interest received/increase in
Interest paid
Decrease in investment losses on equity method
Others
FY 2015 Q1
FY 2015 Q1 Consolidated Ordinary Income (Compared with Previous Fiscal Year)
55
(3)
(225)
10
13
554
(293)
(300) (200) (100) - 100 200 300
FY15 1Q
その他
非支配株主に帰属する
四半期純利益の増
新株予約権戻入益の増
段階取得に係る差益の増
経常利益の増
FY14 1Q
Unit: million yen
※Consolidated net income is defined as net income for the current term attributable to shareholders of the parent company.
FY 2014 Q1
Increase in ordinary income
Increase in gains on
step acquisitions
Increase in gains on reversal of share subscription rights
Increase in net income
attributable to non- controlling shareholders
Others
FY 2015 Q1
© 2015 Faith, Inc. All Rights Reserved.
FY 2015 Q1 Consolidated Net Income※ (Compared with Previous Fiscal Year)
16 © 2015 Faith, Inc. All Rights Reserved.
Notice
This document and its supporting documents contain
projections of our company’s future performance. These are
estimates by the management of Faith based on currently
available information. There are potential risks and
uncertainties that may affect the results. Please be advised that
actual performance may differ significantly from the forecast.