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    4676   JP3819400007

FUJI MEDIA HOLDINGS, INC.

(4676)
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Delayed Japan Exchange  -  02:00 2022-06-30 am EDT
1149.00 JPY   -0.26%
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Fuji Media : [Delayed]Flash Report (Consolidated Basis) Results for the nine months ended December 31, 2021

02/15/2022 | 01:17am EDT

February 3, 2022

Flash Report [Japanese GAAP] (Consolidated Basis)

Results for the nine months ended December 31, 2021

Company name: Fuji Media Holdings, Inc.

Stock listing:

Tokyo Stock Exchange

Code number: 4676

URL: https://www.fujimediahd.co.jp/en

Representative:

Osamu Kanemitsu, President

Person to contact:

Junji Okunogi, Executive Managing Director and General Manager of Treasury & Finance Department

Telephone: +81-3-3570-8000 (key)

Scheduled date of filing quarterly securities report: February 10, 2022

Scheduled date of commencing dividend payments: ―

Availability of supplementary briefing material on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Not scheduled

(Figures less than ¥1 million have been omitted.)

1. Consolidated Financial Results

(1) Business Performance

Nine months ended December 31

Percentages indicate year-on-year increases/(decreases).

Net sales

Operating income

Recurring profit

Net income attributable

to owners of the parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

2021

395,271

1.4

26,334

78.3

36,588

66.2

26,509

27.1

2020

389,691

(18.5)

14,769

(40.2)

22,014

(28.7)

20,856

(39.5)

(Note) Comprehensive income: Nine months ended December 31, 2021: ¥38,801 million, (2.0)%,

Nine months ended December 31, 2020: ¥39,599 million, (6.7)%

Basic earnings per share

Diluted earnings per

share

Yen

Yen

2021

119.18

2020

90.83

(2) Financial Position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

December 31, 2021

1,356,968

813,962

59.2

March 31, 2021

1,336,042

784,429

57.9

(Reference) Total shareholders' equity: December 31, 2021: ¥803,426 million,

March 31, 2021:

¥774,011 million

1

2. Dividends

Year ended March 31, 2021/ Year ending March 31, 2022

Dividends per share

1Q

2Q

3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen

2021

18.00

18.00

36.00

2022

18.00

2022

18.00

36.00

(Forecast)

(Note) Revision to the most recently announced dividends forecast: None

3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022

Percentages indicate year-on-year increases/(decreases).

Net sales

Operating income

Recurring profit

Millions of yen

%

Millions of yen

%

Millions of yen

%

Fiscal year

523,400

0.7

29,600

81.9

39,200

75.8

Net income attributable to

Basic earnings per share

owners of the parent

Millions of yen

%

Yen

Fiscal year

21,800

115.6

98.01

(Note) Revision to the most recently announced financial results forecasts: Yes

Notes:

1. Significant changes in subsidiaries (changes in specific subsidiaries involving a change in the scope of consolidation) during the subject period: None

Additions: None

Deletions: None

  1. Adoption of special accounting treatment in preparing the quarterly consolidated financial statements: None
  2. Changes in accounting policies, changes in accounting estimates, and modifications and restatements:
    1. Changes in accounting policies based on revision of accounting standards: Yes
    2. Changes in accounting policies other than 1) above: None
    3. Changes in accounting estimates: None
    4. Modifications and restatements: None

(Note) For details, please refer to "2. CONSOLIDATED FINANCIAL STATEMENTS AND PRIMARY NOTES: (3) Notes to Consolidated Financial Statements (Changes in Accounting Policies)" on page 13.

2

4. Number of issued shares (Common stock)

Nine months ended

Year ended

December 31, 2021

March 31, 2021

1) Number of issued shares (including treasury stock)

234,194,500

234,194,500

at end of the period (shares)

2) Number of treasury stock at end of the period

11,786,120

11,743,558

(shares)

Nine months ended

December 31, 2020

3) Average number of issued shares during the

222,429,942

229,626,973

period (shares)

This flash report is outside the scope of quarterly review by certified public accountants or an audit firm.

Explanation of appropriate use of forecasts of financial results; other important items

The forward-looking statements made in this document, including the aforementioned forecasts, are based on all information available to the management at the time of this document's release and certain assumptions considered rational. Actual results may differ materially from the forecasts due to various factors in the future. Regarding the assumptions forming the forecast of financial results, please refer to "1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2022: (3) Explanation of Consolidated Financial Results Forecasts and Other Future Projections" on page 8.

3

CONTENTS OF ATTACHMENT

1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR

THE THIRD QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2022

5

(1)

Explanation of Business Results

5

(2)

Explanation of Financial Position

7

(3)

Explanation of Consolidated Financial Results Forecasts and Other Future Projections 8

2. CONSOLIDATED FINANCIAL STATEMENTS AND PRIMARY NOTES

9

(1)

Consolidated Balance Sheets

9

(2)

Consolidated Statements of Income and Consolidated Statements of

Comprehensive Income

11

(3)

Notes to Consolidated Financial Statements

13

(Note on Assumptions for Going Concern)

13

(Notes in the Event of Major Change in Shareholders' Equity)

13

(Changes in Accounting Policies)

13

(Segment Information)

14

4

1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2022

(1) Explanation of Business Results

The Japanese government's Monthly Economic Report on the Japanese economy for the nine months ended December 31, 2021 (April 1, 2021 to December 31, 2021) states, "Concerning short-term prospects, the economy is expected to pick up, supported by the effects of various policies and improvement in overseas economies while economic and social activities are moving toward normalization. However, full attention should be given to further downside risks due to supply-side constraints and the trend of raw material prices." It also states that firms' judgments on business conditions "show movements of picking up."

Fuji Media Holdings Group (the "Group"), as in the same period of the previous fiscal year, was affected by the lasting impact of the novel coronavirus infection (COVID-19), including a drop in travel and tourism demand. However, the Group was able to improve its performance thanks to a recovery in advertising revenue and efforts to cut back on operating expenses.

Amid this economic environment, consolidated net sales of the Group increased overall during the nine months ended December 31, 2021, up 1.4% from the same period of the previous fiscal year to ¥395,271 million, thanks to an increase in the Urban Development, Hotels & Resorts segment, despite a decrease in the Media & Content segment due to the application of the Accounting Standard for Revenue Recognition, etc. and the sale of the Cecile business.

In terms of earnings, operating income increased 78.3% year-on-year to ¥26,334 million, as there were revenue increases in both the Media & Content segment and the Urban Development, Hotels & Resorts segment. Recurring profit increased 66.2% year-on-year to ¥36,588 million and net income attributable to owners of the parent increased 27.1% year-on-year to ¥26,509 million, despite a reactionary decrease in gain on sales of investment securities recorded under extraordinary gain in the same period of the previous fiscal year.

Due to the application of the Accounting Standard for Revenue Recognition, etc., net sales decreased ¥17,284 million, cost of sales decreased ¥15,020 million and selling, general and administrative expenses decreased ¥2,395 million, while operating income, recurring profit and income before income taxes increased ¥131 million, respectively.

Results by operating segment are as follows.

Nine months ended December 31

Net sales

Operating income

2020

2021

Change

2020

2021

Change

Millions of yen

Millions of yen

%

Millions of yen

Millions of yen

%

Media & Content

327,256

309,718

(5.4)

10,526

17,028

61.8

Urban Development,

58,922

81,819

38.9

4,896

9,719

98.5

Hotels & Resorts

Other

13,103

13,416

2.4

385

503

30.5

Eliminations

(9,590)

(9,683)

(1,038)

(916)

Total

389,691

395,271

1.4

14,769

26,334

78.3

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Fuji Media Holdings Inc. published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 06:16:11 UTC.


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