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    4676   JP3819400007

FUJI MEDIA HOLDINGS, INC.

(4676)
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Fuji Media : [Delayed]Flash Report (Consolidated Basis)Results for the six months ended September 30, 2021

11/16/2021 | 02:36am EST

November 4, 2021

Flash Report [Japanese GAAP] (Consolidated Basis)

Results for the six months ended September 30, 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: November 12, 2021

Scheduled date of commencing dividend payments: December 8, 2021

Availability of supplementary briefing material on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Scheduled

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

1. Consolidated Financial Results

(1) Business Performance

Six months ended September 30

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

241,503

(2.2)

11,576

138.8

18,701

97.3

13,638

151.8

2020

246,868

(22.0)

4,847

(73.5)

9,480

(58.2)

5,417

(81.2)

(Note) Comprehensive income: Six months ended September 30, 2021: ¥55,164 million, 94.0%,

Six months ended September 30, 2020: ¥28,437 million, 10.5%

Basic earnings per share

Diluted earnings per

share

Yen

Yen

2021

61.31

2020

23.46

(2) Financial Position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

September 30, 2021

1,397,615

834,394

58.9

March 31, 2021

1,336,042

784,429

57.9

(Reference) Total shareholders' equity: September 30, 2021: ¥823,877 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

520,100

0.0

27,500

69.0

35,400

58.8

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: (4) Notes to Consolidated Financial Statements (Changes in Accounting Policies)" on page 16.

2

4. Number of issued shares (Common stock)

Six months ended

Year ended

September 30, 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

11,788,891

11,743,558

(shares)

Six months ended

September 30, 2020

3) Average number of issued shares during the

222,442,161

230,895,092

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 SECOND QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2022: (3) Explanation of Consolidated Financial Results Forecasts and Other Future Projections" on page 9.

3

CONTENTS OF ATTACHMENT

1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR

THE SECOND 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 9

2. CONSOLIDATED FINANCIAL STATEMENTS AND PRIMARY NOTES

10

(1)

Consolidated Balance Sheets

10

(2)

Consolidated Statements of Income and Consolidated Statements of

Comprehensive Income

12

(3)

Consolidated Statements of Cash Flows

14

(4)

Notes to Consolidated Financial Statements

16

(Note on Assumptions for Going Concern)

16

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

16

(Changes in Accounting Policies)

16

(Segment Information)

17

4

1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND 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 six months ended September 30, 2021 (April 1, 2021 to September 30, 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 taking measures to prevent the spread of infectious diseases and accelerating vaccinations. However, full attention should be given to a further increase in downside risks due to the trend of domestic and overseas infections and negative effects through the supply chains." It also states that firms' judgments on business conditions "show movements of picking up, although some severe aspects remain."

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, the consolidated net sales of the Group decreased overall during the six months ended September 30, 2021, down 2.2% from the same period of the previous fiscal year to ¥241,503 million despite an increase in the Urban Development, Hotels & Resorts segment, as there was a decrease in the Media & Content segment.

In terms of earnings, operating income increased 138.8% year-on-year to ¥11,576 million, as there were revenue increases in both the Media & Content segment and the Urban Development, Hotels & Resorts segment. Recurring profit increased 97.3% year-on-year to ¥18,701 million and net income attributable to owners of the parent increased 151.8% year-on-year to ¥13,638 million due to a decrease in loss on COVID-19, which was reported under extraordinary loss in the same period of the previous fiscal year.

Due to the application of the Accounting Standard for Revenue Recognition, etc., net sales decreased ¥11,209 million, cost of sales decreased ¥9,872 million and selling, general and administrative expenses decreased ¥1,466 million, while operating income, recurring profit and income before income taxes increased ¥129 million, respectively.

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 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 07:35:06 UTC.


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Sales 2022 551 B 4 825 M 4 825 M
Net income 2022 24 257 M 212 M 212 M
Net Debt 2022 138 B 1 210 M 1 210 M
P/E ratio 2022 10,8x
Yield 2022 3,24%
Capitalization 259 B 2 274 M 2 271 M
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Number of Analysts 5
Last Close Price 1 166,00 JPY
Average target price 1 490,00 JPY
Spread / Average Target 27,8%
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Masaki Miyauchi Manager-Organization Production
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