FY2022
Q3 Financial Results
Briefing Material
Bushiroad Inc.
Securities code: 7803
May 13, 2022
Ⓒbushiroad All Rights Reserved.
Table of Contents
- Third Quarter of the Fiscal Year 2022 Financial Results Summary/Overview
- Financial Results Summary
- Summary Income Statement
- Regarding Application of Accounting Standards to Earnings Recognition Principles
- Consolidated Performance
- Sales and Operating Profit by Segment
- Sales Trends by Segment
- 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).
Thus, FY2021 was
11 months
from August 1, 2020 to June 30,
2021.
In this material, because of difference of length of periods between FY2022 and FY2021, YoY comparisons are shown only as reference.
Ⓒbushiroad All Rights Reserved. | 2 |
FY2022
Third Quarter
Financial Results
Summary/Overview
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FY2022 Q3Financial Results Summary
Sales and profit increased year-on-year with better segment profit in the Live IP business
- In the Digital IP business, the number of products released in the TCG Dept. was less than in the previous quarter, so even though sales and profit remained at a high level, they dropped from the previous quarter. In addition, due to the increase in the number of games published in the third quarter, both sales and profit in the Games Dept. were significantly affected by the application of accounting standards for revenue recognition. As a result, sales increasedbut profit decreasedsales and profits decreased year-on- year. from the previous quarter, and both sales and profits decreased year-on-year.
- In the Live IP business, sales and profit in the Sports Dept. increased from the previous quarter and from the same period of the previous year with segment profit returning to the blackaided by the New Japan Pro-Wrestlingand STARDOM big matches held in the third quarter.
FY22 Q3 | FY21 Q3 | +/- | +/- % | FY22 Q2 | +/- amount | +/- % | |
Unit: million yen | amount | ||||||
(1) (Jan-Mar 2022) | (2) (Feb-Apr 2021) | (3) / (2) | (4) (Oct-Dec 2021) | (1) - (4) = (5) | (5) / (4) | ||
(1) - (2) = (3) | |||||||
Net sales | 9,449 | 9,127 | +322 | +3.5% | 9,089 | +360 | +3.9% |
Operating profit | 264 | 264 | 0 | 0% | 381 | -117 | -30.7% |
Ordinary profit | 627 | 361 | +266 | +73.6% | 911 | -284 | -31.1% |
Quarterly net profit | 195 | 30 | +165 | +550.0% | 701 | -506 | -72.1% |
attributable to owners of parent | |||||||
Digital IP business | |||||||
Net sales | 6,803 | 6,940 | -137 | -1.9% | 6,785 | +18 | +0.2% |
Segment profit | 197 | 348 | -151 | -43.3% | 459 | -262 | -57.0% |
Live IP business | |||||||
Net sales | 2,645 | 2,187 | +458 | +20.9% | 2,304 | +341 | +14.8% |
Segment profit | 63 | -87 | +150 | - | -62 | +125 | - |
- From Fiscal Year 2022, the company has changed its accounting policy (accounting standards with regard to revenue recognition, etc.) (for details, see Page 6). We have not changed our disclosure methodology in tandem with this change in policy as regards the period up to Fiscal Year 2021.
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Summary Income Statement (Consolidated)
- Appropriate control of SG&A expenses, especially advertising expenses, has continued, with all sales and profit items for the cumulative third quarter maintaining a pace significantly higher than in the same period of the previous year.
- 211 million yen in non-operating profit as subsidy for J-LODlive*1 and others was recorded.
- An extraordinary loss of 149 million yenwas recorded as an impairment loss on goodwill for Frontwing Lab. Inc.
Quarter | Total | ||||||||
Unit: million yen | FY22 Q3 | FY21 Q3 | +/- | +/- % | FY22 Q3 | FY21 Q3 | +/- | +/- % | |
amount | (1) (Jul 2021 | (2) (Aug 2020 | amount | ||||||
(1) (Jan-Mar 2022) | (2) (Feb-Apr 2021) | (3) / (2) | (3) / (2) | ||||||
- Mar 2022) | - Apr 2021) | ||||||||
(1) - (2) = (3) | (1) - (2) = (3) | ||||||||
Net sales | 9,449 | 9,127 | +322 | +3.5% | 29,023 | 27,154 | +1,869 | +6.8% | |
Gross profit | 3,060 | 3,021 | +39 | +1.2% | 10,072 | 9,647 | +425 | +4.4% | |
SG&A expenses | 2,796 | 2,756 | +40 | +1.4% | 8,104 | 9,223 | -1,119 | -12.1% | |
Advertising | 980 | 1,141 | -161 | -14.1% | 2,723 | 4,435 | -1,712 | -38.6% | |
expenses | |||||||||
Promotion | 222 | 282 | -60 | -21.2% | 767 | 658 | +109 | +16.5% | |
expenses | |||||||||
Operating profit | 264 | 264 | 0 | 0% | 1,967 | 423 | +1,544 | 365.0% | |
Operating profit | 2.7% | 2.8% | -0.1pt | - | 6.7% | 1.5% | +5.2pt | - | |
margin | |||||||||
Ordinary profit | 627 | 361 | +266 | +73.6% | 3,208 | 524 | +2,684 | 512.2% | |
Ordinary profit | 6.6% | 3.9% | +2.7pt | - | 11.0% | 1.9% | +9.1pt | - | |
rate | |||||||||
attributable to owners of parent | 195 | 30 | +165 | +550.0% | 2,033 | -161 | +2,194 | - | |
Quarterly net profit | |||||||||
Note:1. Content Global Demand Creation Promotion and Infrastructure Development Project Subsidy
- From Fiscal Year 2022, the company has changed its accounting policy (accounting standards with regard to revenue recognition, etc.) (for details, see Page 6). We have not changed our disclosure methodology in tandem with this change in policy as regards the period up to Fiscal Year 2021.
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Bushiroad Inc. published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 06:52:04 UTC.