Asahi Broadcasting : EARNINGS REFERENCE FOR THE FIRST QUARTER OF FISCAL 2020

Note: The following document is an English translation of the Japanese-language original.

Asahi Broadcasting Group Holdings Corporation

Earnings Reference for the First Quarter of Fiscal 2020

(For the fiscal year ending March 31, 2021)

August 3, 2020

Securities Code：9405

1

©ABC2020

Consolidated Results

©ABC2020

Net Sales

Operating Expenses

Details	Cost of Sales
Selling, General and
	Administrative Expenses

Operating Income

Ordinary Income

Profit Attributable to

Owners of Parent

		(Millions of yen)
20/3 １Q	21/3 １Q YoY	% Change

19,368	15,353	-4,015	-20.7％
18,770	16,026	-2,744	-14.6％
12,709	10,587	-2,122	-16.7％
6,061	5,439	-622	-10.3％
598	-672	-1,271	-
777	-511	-1,288	-
486	-353	-840	-

2

Five-Year Net Sales (Consolidated)

©ABC2020

(Millions of yen)

1Q Full-Year

82,302	80,991	81,986	82,937

20,147	19,369	19,296	19,368	15,353
17/3	18/3	19/3	20/3	21/3

3

Five-Year Operating Income (Consolidated)

©ABC2020

(Millions of yen)

1Q Full-Year

4,972

4,2504,262

3,388

705	656		598
		178
				-672
17/3	18/3	19/3	20/3	21/3

4

Results by Segment

©ABC2020

■Broadcasting

		Net Sales			(Millions of yen)
		Operating Income	■Housing	3,095
			2,736	2,753
				2,112

16,404		16,359		158	203	158
15,970
			13,105				2
		508
485
			18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q
				■Golf Club
	15				229	256
				227
				13	10	17	135
			-523				-70
18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q	18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q
						(Millions of yen)

Adjustments	19/3 1Q	20/3 1Q	21/3 1Q
Operating Income	-51	-85	-82

5

ABC TV Results

				20/3 １Q
				13,920
		Net Sales
		Operating	13,729
		Expenses
Details		Cost of Sales	8,503
	Selling, General and	5,226
	Administrative Expenses
				191
Operating Income
Ordinary Income	221
		Profit	127
				20/3 1Q
		4,351
Program Expenses

		©ABC2020
		(Millions of yen)
21/3 １Q
YoY	% Change

10,215 -3,704	-26.6%
11,211		-2,517	-18.3%
6,815		-1,687		-19.9％
4,395		-830		-15.9％
-995		-1,187	-
-964		-1,186	-
-633		-760	-
21/3 1Q	YoY		% Change
3,279		-1,071
		-24.6%

6

ABC TV (Former ABC) Revenue Growth	©ABC2020
(Millions of yen)
	13,703	12,979	13,257
TV Business				9,953
		506
Event	352		363
Content-related		54	57	51
	156			4
	18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q

(Millions of yen)

	18/3 １Q	19/3 １Q	20/3 １Q	21/3 １Q
Other	129	246	242	206

7

Details of TV Business Revenue

©ABC2020

13,703

12,979

13,257

9,953

			18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q
		Spot	8,722	8,019	8,028	5,369
		Network (Time)	2,967	2,877	3,047	2,958
		Local (Time)	1,472	1,494	1,572	1,223
		Program Sales	541	564	564	366
		(to affiliates)
		TV Program Streaming (TVer etc.)		23	44	34

■ Spot

• YoY 33.1％↓

■ Network (Time)

• YoY 2.9％↓

■ Local (Time)

• YoY 22.1％↓

■ Program Sales (to affiliates)

• YoY 35.1％↓

■ TV Program Streaming (TVer etc.) - YoY 23.1％↓

8

Spot Revenue of TV Business

©ABC2020

(Millions of yen)

1Q 2Q 3Q 4Q Full-Year

19/3

8,019

7,738

8,634

8,777

33,169

20/3	8,028	7,312	7,905	8,053	31,298
21/3	5,369

9

Spot Revenue of TV Business (By Top 20 Industries）

©ABC2020

		20/3 １Q	21/3 １Q
	Industry	YoY	Composition rate	YoY	Composition rate
	Foods	85.2%	11.5%	79.3%	13.7%
	Beverages/Liquors	89.0%	9.6%	88.5%	12.6%
	Transportation/Leisure/Restaurants & Fast	118.8%	11.3%	54.6%	9.2%
	Foods/Services
	Pharmaceutical/Medical Products	97.0%	7.4%	83.0%	9.1%
	Cosmetics/Toiletries	75.6%	7.2%	61.3%	6.6%
	Finance	92.9%	6.6%	66.2%	6.5%
	Consumer Electronics/Computer	128.6%	6.5%	61.9%	6.1%
	Information/Telecommunication	95.3%	6.5%	54.8%	5.3%
	Automobiles	94.8%	6.2%	48.0%	4.5%
	Hobby (Movie/Game/Music etc.)	84.9%	4.4%	65.2%	4.3%
	Government/Political Organization	133.7%	3.0%	90.5%	4.0%
	Mail Order Sales	134.6%	1.7%	138.1%	3.6%
	Energy/Machine/Material	152.4%	3.1%	54.6%	2.5%
	Fashion (Apparel/Jewelry etc.)	122.3%	3.4%	46.4%	2.4%
	Publishing	127.4%	2.1%	56.3%	1.8%
	Housing/Real Estate/Construction	99.6%	3.3%	35.3%	1.7%
	Distribution	128.4%	1.9%	55.5%	1.6%
	Logistics services/Businesses/Events	132.9%	1.3%	79.6%	1.5%
	Housewares	108.7%	1.1%	93.2%	1.5%
	Various Organizations (Law Office etc.)	121.6%	1.7%	51.7%	1.3%
	Other	－%	0.1%	0.0%	0.0%
	Total		100.0%		100.0%
						10
*Year-on-year comparisons

Other Broadcasting Businesses (Non-ABC TV-Related(1))

©ABC2020

*Companies for which the bulk of revenues are from non-group sources

Non-consolidated (Millions of yen)

■ABC Radio				Net Sales
			Operating Income

■ABC FRONTIER HD (Content-related）

672	618	637
	480

327 322

431

520

		-22	-7			-60
	18/3 1Q		19/3 1Q		20/3 1Q		21/3 1Q

85	-9
18/3 1Q	19/3 1Q

77 228

20/3 1Q

21/3 1Q

■Sky-A (CS broadcasting revenue)

784	834	824	698
			311
-89	-42	-27
18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q

■AMC (Mail-order business/Radio program production, etc.)

692	730	785	827
9	47	38	47
18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q

11

Other Broadcasting Businesses (Non-ABC TV-Related(2))

©ABC2020

*Companies for which the bulk of revenues are from non-group sources

Non-consolidated (Millions of yen)

■MASH*	■DLE(Group)*
					Excerpts from the DLE financial results. Please refer to the DLE financial
				Net Sales	statement for detailed information.
								Net Sales
				Operating Income					Operating Income

255	133
-26
-172

18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q
18/3 1Q	19/3 1Q	20/3 1Q	21/3 1Q

• P&L of MASH/DLE (group) was consolidated from the 2nd quarter of the fiscal year ending March 31, 2020

12

Television Viewer Ratings in Kansai Region for Apr-Jun 2020

©ABC2020

	All-day	Golden time	Prime	Prime 2
	(6:00-24:00)	(19:00-22:00)	(19:00-23:00)	(23:00-25:00)
１	YTV	NHK	ABC	YTV
8.7％	13.0％	12.6％（+0.4）	7.7％
２	KTV	YTV	YTV	ABC
8.3％	12.2％	11.8％	6.5％（-0.3）
３	ABC	ABC	NHK	MBS
8.2％（＋1.0）	11.5％（+0.9）	10.9％	5.4％
４	MBS	KTV	KTV	KTV
7.3％	10.4％	10.3％	5.1％
5	NHK	MBS	MBS	NHK
6.3％	9.8％	9.9％	2.8％

■ ABC（TV Asahi network）■ MBS（TBS network）■ KTV（Fuji TV network）■ YTV（Nippon TV network）■ NHK

13

Television Viewer Ratings in Kansai Region for Jan-Jun 2020

©ABC2020

	All-day	Golden time	Prime	Prime 2
	(6:00-24:00)	(19:00-22:00)	(19:00-23:00)	(23:00-25:00)
１	YTV	NHK	ABC	YTV
8.4％	12.2％	12.2％（+0.7）	7.7％
２	KTV	YTV	ＹＴＶ	ABC
8.1％	12.1％	11.7％	6.6％（-0.4）
３	ABC	ABC	NHK	MBS
7.9％（+0.6）	11.2％（+0.2）	10.4％	5.7％
４	MBS	KTV	KTV	KTV
7.3％	10.4％	10.2％	5.2％
5	NHK	MBS	MBS	NHK
6.3％	10.1％	10.1％	2.7％

■ ABC（TV Asahi network）■ MBS（TBS network）■ KTV（Fuji TV network）■ YTV（Nippon TV network）■ NHK

14

Fiscal 2020 Consolidated Financial Results Forecasts

©ABC2020

										(Millions of yen)
	20/3 (actual)	21/3					YoY	% Change
Net Sales	82,937	72,500			-10,437	-12.6％
Operating Income	3,388	200			-3,188	-94.1％
Ordinary Income	3,633	500			-3,133	-86.2％
Profit Attributable to	2,278	300			-1,978	-86.8％
Owners of Parent
				Net Sales					Operating Income

76,691	78,162	78,847

81,484

80,691

81,059

82,302	80,991

81,986

82,937

72,500

		5,748
3,605	4,406	5,791		4,972
4,684
4,064	4,250	4,262	3,388

200

11/3

12/3

13/3

14/3

15/3

16/3

17/3

18/3

19/3

20/3

21/3

15

Fiscal 2020 Financial Results Forecasts

©ABC2020

• The financial results forecasts for fiscal 2020 were undetermined in the Consolidated Financial Report for Fiscal 2019 owing to the difficulty of reasonably calculating full-year consolidated financial results forecasts as a result of the impact of the spread of COVID-19. However, as economic activities have gradually resumed, the Company has calculated full-year consolidated financial results forecasts based on the information available at the moment.
• The consolidated financial results forecasts for fiscal 2020 is based on the assumption that the Japanese economy will gradually recover from the second quarter onward.
• The outlook may significantly change due to external factors such as domestic and overseas economic trends in the future, as well as when COVID-19 comes to an end and the range of its impact. Should any event arise that affects the financial results of the Group, the Company will promptly announce it.

16

Disclaimer

©ABC2020

This presentation is intended to provide information on our business etc., not to recommend the investment in our company. And, this presentation contains forecasts and the other forward-looking statements relating to the plans, outlook, targets, and forecasts of Asahi Broadcasting Corporation and its affiliated companies. These forecasts and other forward-looking statements are based on assumptions and beliefs that draw on information that is available as of the date of this presentation. As a result, the information in this presentation contains inherent risks and uncertainties. Accordingly, readers are advised that actual results may differ materially from forecasts due to a variety of factors.

https://corp.asahi.co.jp/en/

For all shareholders, more detailed information such as consolidated financial reports and annual securities reports can be found on the website.

17