Fuji Media : Flash Report Results for fiscal year ended March 31, 2016

6e96c2b6-abb2-4e33-8edb-99bf670c3fb6.pdf Flash Report [Japanese GAAP] (Consolidated Basis) Results for the fiscal year ended March 31, 2016

May 12, 2016

Company name: Fuji Media Holdings, Inc.

Stock listing: Tokyo Stock Exchange Code number: 4676 URL http://www.fujimediahd.co.jp/en Representative: Shuji Kanoh, President and Chief Operating Officer

Person to contact: Junji Okunogi, Senior Executive Director of Treasury & Finance Department Telephone: [phone] (key)

Scheduled date of the General Meeting of Shareholders: June 28, 2016 Scheduled date of commencing dividend payments: June 29, 2016 Scheduled date of filing securities report: June 28, 2016

Availability of supplementary briefing material on financial results: Available Schedule of financial results briefing session: Scheduled

1. Consolidated Financial Results
2. Business Performance

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

   Years ended March 31 Percentages indicate year-on-year increase/ (decrease).

   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 %
   2016	640,572 (0.4)	24,394 (4.8)	32,400 (7.7)	22,835 14.7
   2015	643,313 0.2	25,628 (18.7)	35,102 0.8	19,908 15.2

   (Note) Comprehensive income: Year ended March 31, 2016: ¥6,492 million, (89.3)%,

   Year ended March 31, 2015: ¥60,559 million, 97.5%

   Basic earnings per share	Diluted earnings per share	Rate of return on equity	Recurring profit-to-total-assets ratio	Operating income-to-net-sales ratio
   Yen	Yen	%	%	%
   2016	98.75	―	3.6	2.9	3.8
   2015	86.02	―	3.3	3.4	4.0

   (Reference) Equity in earnings of affiliates: Year ended March 31, 2016: ¥4,786 million,

   Year ended March 31, 2015: ¥9,594 million

3. Financial Position

   At March 31

   Total assets	Net assets	Equity ratio	Net assets per share
   Millions of yen	Millions of yen	%	Yen
   2016	1,136,406	638,383	55.4	2,723.63
   2015	1,065,958	638,883	59.4	2,739.59

   (Reference) Total shareholders' equity: March 31, 2016: ¥629,785 million

   March 31, 2015: ¥633,568 million

4. Cash Flows

5. Years ended March 31

   Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalent at end of year
   Millions of yen	Millions of yen	Millions of yen	Millions of yen
   2016	26,373	(33,838)	22,959	71,429
   2015	40,344	(19,984)	(25,181)	53,620

6. Dividends

   Years ended March 31, 2015 and 2016/ Year ending March 31, 2017

   Dividends per share					Total amount of dividends (for the entire fiscal year)	Payout ratio	Dividends-to- net assets ratio
   1Q	2Q	3Q	Year-end	Total
   Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   2015 ―	20.00	―	20.00	40.00	9,367	46.5	1.5
   2016 ―	20.00	―	20.00	40.00	9,367	40.5	1.5
   2017 (Forecast)	―	20.00	―	20.00	40.00	40.2

7. Forecasts of Consolidated Financial Results for the Fiscal Year ending March 31, 2017

   Percentages indicate year-on-year increase/(decrease).

   Net sales	Operating income	Recurring profit
   Millions of yen %	Millions of yen %	Millions of yen %
   Interim period	333,700 7.0	11,200 128.3	14,200 73.8
   Fiscal year	670,500 4.7	27,200 11.5	33,000 1.9

   Net income attributable to owners of the parent	Basic earnings per share
   Millions of yen %	Yen
   Interim period	9,000 77.2	38.92
   Fiscal year	23,000 0.7	99.47

   Notes:

8. 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

9. Changes in accounting policies, changes in accounting estimates, and modifications and restatements:

10. Changes in accounting policies based on revision of accounting standards: Yes

11. Changes in accounting policies other than 1) above: None

12. Changes in accounting estimates: None

13. Modifications and restatements: None

    Note: Please refer to "5. CONSOLIDATED FINANCIAL STATEMENTS: (5) Notes to Consolidated Financial Statements: Changes in Accounting Policies" on page 28.

14. Number of issued shares (Common stock)

15. Years ended March 31
    2016	2015
    1) Number of issued shares (including treasury stock) at end of fiscal year	236,429,800	236,429,800
    2) Number of treasury stock at end of fiscal year	5,199,629	5,165,548
    3) Average number of issued shares during the fiscal year	231,255,685	231,452,397

    (Reference) Flash Report (Non-Consolidated Basis) Non-Consolidated Financial Results for the Fiscal Year ended March 31, 2016
16. Business Performance

    Years ended March 31 Percentages indicate year-on-year increase/(decrease).

    Net sales	Operating income	Recurring profit	Net income
    Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen %
    2016	17,005 (8.5)	10,062 (14.0)	13,584 12.1	10,235 9.4
    2015	18,592 (15.1)	11,703 (22.3)	12,119 (22.8)	9,356 (31.5)

    Basic earnings per share	Diluted earnings per share
    Yen	Yen
    2016	43.71 ―
    2015	39.95 ―

17. Financial Position

At March 31

Total assets	Net assets	Equity ratio	Net assets per share
Millions of yen	Millions of yen	%	Yen
2016	703,075	490,802	69.8	2,095.70
2015	717,652	498,457	69.5	2,128.39

(Reference) Total shareholders' equity: March 31, 2016: ¥490,802 million, March 31, 2015: ¥498,457 million

Indication of audit procedure implementation status

This flash report is not subject to audit procedures under the Financial Instruments and Exchange Act. The audit procedures of financial statements in accordance with the Financial Instruments and Exchange Act have not been completed at the time of disclosure of this flash report.

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 forecast of financial results, please refer to "1. ANALYSIS OF BUSINESS PERFORMANCE AND FINANCIAL POSITION: (1) Analysis of Business Performance: [Outlook for the fiscal year ending March 31, 2017]" on page 9.

CONTENTS OF ATTACHMENT
1. ANALYSIS OF BUSINESS PERFORMANCE AND FINANCIAL POSITION 5
2. Analysis of Business Performance 5
3. Analysis of Financial Position 9
4. Basic Policy on Distribution of Company Profits, and Dividends for the Fiscal
5. Year ended March 31, 2016 and the Fiscal Year ending March 31, 2017 10
6. ORGANIZATION OF THE FUJI MEDIA HOLDINGS GROUP 11
7. MANAGEMENT POLICIES 12
8. Basic Management Policy 12
9. Management Goals and Indicators 12
10. Medium- to Long-Term Management Strategies, and Issues to Be Addressed 12
11. BASIC STANCE ON SELECTION OF ACCOUNTING STANDARDS 14
12. CONSOLIDATED FINANCIAL STATEMENTS 15
13. Consolidated Balance Sheets 15
14. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income 18
15. Consolidated Statements of Changes in Net Assets 20
16. Consolidated Statements of Cash Flows 24
17. Notes to Consolidated Financial Statements 26
18. (Note on Assumptions for Going Concern) 26 (Important Matters Concerning the Basis for Preparing the Consolidated Financial Statements) 26 (Changes in Accounting Policies) 28 (Changes in Presentation) 29 (Notes to Consolidated Balance Sheets) 30 (Notes to Consolidated Statements of Income) 32 (Segment Information) 34 (Amounts per Share) 37 (Significant Events after the Reporting Period) 37
19. OTHERS 38
20. Changes in Management 38