Bushiroad : Financial Results Briefing Material for the First Quarter of the Fiscal Year 2022

Financial Results Briefing Material First Quarter of the Fiscal Year 2022

Bushiroad Inc.

Securities code: 7803

November 12, 2021

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Table of Contents

• First Quarter of the Fiscal Year 2022 Financial Results Summary/Overview
• • Summary Income Statement
  • Financial Performance Trend
  • Sales Trend by Segments
  • Topics
• Consolidated Performance Forecasts for FY2022
• Upcoming Activities
• Appendix

NOTICE

The Company has changed

its fiscal year end

from July 1 to June 30

since the previous term (FY2021).

Therefore, FY2021was 11 months

from August 1, 2020

to June 30, 2021.

In this material, because of difference of length of periods between FY2022 and FY2021, YonY comparisons are shown only as .

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FY2022 First Quarter

Financial Results

Summary/Overview

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1Q of FY2022: Financial Results Summary

Net sales, Operating profit, Ordinary profit, and Net profit, all updated record-high quarterly results.

・Record-highquarterly net sales was achieved, resulting in higher revenues and earningsYonY/QonQ. ・In the Digital IP business, TCG and MD Depts. contributed to sales to increase profit substantially. ・In the Live IP business, although Sports Dept. got softened, Music Dept. could increase sales of music/video software and live shows, resulting in higher sales and profit YonY/QonQ.

Unit: million yen	FY22 1Q	FY21 1Q	+/- amount	+/- %	FY21 4Q	+/- amount	+/- %
	① (7-9/2021)	②(8-10/2020)	（①－②＝③）	（③／②）	④(5-6/2021)	（①－④＝⑤）	（⑤／④）
Net sales	10,484	8,971	＋1,513	＋16.9％	5,415	＋5,069	＋93.6％
Operating profit	1,321	-82	＋1,403	－	-79	＋1,400	－
Ordinary profit	1,669	-93	＋1,762	－	59	＋1,610	－
Profit (loss)	1,136	-154	＋1,290	－	-123	＋1,259	－
attributable to owners
of parent
	Digital IP business
Net sales	8,035	6,651	＋1,384	＋20.8％	4,034	＋4,001	＋99.2％
Segment profit	1,353	3	＋1,350	－	75	＋1,278	－
	Live IP business
Net sales	2,449	2,320	＋129	+5.6％	1,381	+1,068	+77.3％
Segment profit	-40	-91	＋51	－	-151	+111	－

* For segment profit, amount of adjusted inventories is not shown.

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Summary Income Statement (Consolidated)

・Substantially improved performance could turn the red figure in the previous term to black. ・Due to adequate control over SG&A expenses mainly advertising expenses, SG&A expenses decreased by 25% YonY along with increased sales, securing substantial profit.

・Subsidies of 306 million yenfrom J-LODlive (*1) and others were recorded as non-operatingprofit.

			Quarter
Unit: million yen	FY22 1Q	FY21 1Q	+/- amount	+/- %
		① (7-9/2021)	②(8-10/2020)	（①－②＝③）	（③／②）
	Net sales	10,484	8,971	＋1,513	＋16.9％
	Gross profit	3,938	3,425	+513	+15.0%
SG&A expenses	2,617	3,507	▲890	▲25.4％
	Advertising	899	1,857	▲958	▲51.6%
	expenses
	Promotion	254	217	＋37	＋17.1%
	expenses
Operating profit	1,321	-82	＋1,403	－
Operating profit	12.6%	-0.9%	＋13.5pt	－
	margin
Ordinary profit	1,669	-93	＋1,762	－
Ordinary profit rate	15.9%	-1.0%	＋16.9pt	－
	Profit (loss)	1,136	-154	＋1,290	－
attributable to owners
	of parent

*1 "J-LODlive" =Content Global Demand Creation Promotion and Infrastructure Development Project Subsidy

Trend in Advertising/Promotion expenses

1Q	2Q	3Q		4Q	1Q
			(2 months)
		FY21			FY22
		Promotion
Legend	Advertising
	expenses		expenses

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