Fuji Media : Flash Report Results for fiscal year ended March 31, 2017

Flash Report [Japanese GAAP] (Consolidated Basis) Results for the fiscal year ended March 31, 2017

May 11, 2017

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, Executive Officer, Treasury & Finance Telephone: [phone] (key)

Scheduled date of the General Meeting of Shareholders: June 28, 2017 Scheduled date of commencing dividend payments: June 29, 2017 Scheduled date of filing securities report: June 28, 2017

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 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 %
   2017	653,976 2.1	22,319 (8.5)	30,380 (6.2)	27,396 20.0
   2016	640,572 (0.4)	24,394 (4.8)	32,400 (7.7)	22,835 14.7

   (Note) Comprehensive income: Year ended March 31, 2017: ¥ 48,133 million, 641.4 %,

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

   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	%	%	%
   2017	118.50	―	4.2	2.6	3.4
   2016	98.75	―	3.6	2.9	3.8

   (Reference) Equity in earnings of affiliates: Year ended March 31, 2017: ¥4,317 million,

   Year ended March 31, 2016: ¥4,786 million

3. Financial Position

   At March 31

   Total assets	Net assets	Equity ratio	Net assets per share
   Millions of yen	Millions of yen	%	Yen
   2017	1,185,199	682,062	56.3	2,890.79
   2016	1,136,406	638,383	55.4	2,723.63

   (Reference) Total shareholders' equity: March 31, 2017: ¥667,843 million,

   March 31, 2016: ¥629,785 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
   2017	48,323	(39,887)	(2,025)	78,161
   2016	26,373	(33,838)	22,959	71,429

6. Dividends

   Years ended March 31, 2016 and 2017/ Year ending March 31, 2018

   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	%	%
   2016 ―	20.00	―	20.00	40.00	9,367	40.5	1.5
   2017 ―	20.00	―	20.00	40.00	9,367	33.8	1.4
   2018 (Forecast)	―	20.00	―	20.00	40.00	43.4

7. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2018

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

   Net sales	Operating income	Recurring profit
   Millions of yen %	Millions of yen %	Millions of yen %
   Interim period	317,900 (3.0)	9,100 (31.6)	12,800 (27.8)
   Fiscal year	661,500 1.2	23,500 5.3	30,500 0.4

   Net income attributable to owners of the parent	Basic earnings per share
   Millions of yen %	Yen
   Interim period	8,800 (30.9)	38.09
   Fiscal year	21,300 (22.3)	92.20

   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 "4. CONSOLIDATED FINANCIAL STATEMENTS AND PRIMARY NOTES: (5) Notes to

    Consolidated Financial Statements: Changes in Accounting Policies" on page 27.

14. Number of issued shares (Common stock)

15. Years ended March 31
    2017	2016
    1) Number of issued shares (including treasury stock) at end of fiscal year (shares)	236,429,800	236,429,800
    2) Number of treasury stock at end of fiscal year (shares)	5,405,228	5,199,629
    3) Average number of issued shares during the fiscal year (shares)	231,183,334	231,255,685

    (Reference) Flash Report (Non-Consolidated Basis) Non-Consolidated Financial Results for the Fiscal Year ended March 31, 2017
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 %
    2017	14,620 (14.0)	7,405 (26.4)	10,804 (20.5)	10,439 2.0
    2016	17,005 (8.5)	10,062 (14.0)	13,584 12.1	10,235 9.4

    Basic earnings per share	Diluted earnings per share
    Yen	Yen
    2017	44.58 ―
    2016	43.71 ―

17. Financial Position

At March 31

Total assets	Net assets	Equity ratio	Net assets per share
Millions of yen	Millions of yen	%	Yen
2017	741,640	507,979	68.5	2,169.05
2016	703,075	490,802	69.8	2,095.70

(Reference) Total shareholders' equity: March 31, 2017: ¥507,979 million, March 31, 2016: ¥490,802 million

These consolidated financial results are outside the scope of audit. 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. OVERVIEW OF BUSINESS RESULTS, ETC.: (4) Future Outlook" on page 10.

CONTENTS OF ATTACHMENT
1. OVERVIEW OF BUSINESS RESULTS, ETC. 5

2. Overview of Business Results for the Fiscal Year under Review 5

3. Overview of Financial Position for the Fiscal Year under Review 9

4. Overview of Cash Flows for the Fiscal Year under Review 9

5. Future Outlook 10

6. Basic Policy on Distribution of Company Profits, and Dividends for the Fiscal

7. Year ended March 31, 2017 and the Fiscal Year ending March 31, 2018 11

8. MANAGEMENT POLICIES 11

9. Basic Management Policy 11

10. Management Goals and Indicators 12

11. Medium- to Long-Term Management Strategies, and Issues to be Addressed 12

12. BASIC STANCE ON SELECTION OF ACCOUNTING STANDARDS 13
13. CONSOLIDATED FINANCIAL STATEMENTS AND PRIMARY NOTES 14

14. Consolidated Balance Sheets 14

15. Consolidated Statements of Income and Consolidated Statements of

    Comprehensive Income 17

16. Consolidated Statements of Changes in Net Assets 19

17. Consolidated Statements of Cash Flows 23

18. Notes to Consolidated Financial Statements 25

19. (Note on Assumptions for Going Concern) 25

    (Important Matters Concerning the Basis for Preparing the Consolidated Financial Statements) 25

    (Changes in Accounting Policies) 27

    (Changes in Presentation) 27

    (Notes to Consolidated Balance Sheets) 29

    (Notes to Consolidated Statements of Income) 30

    (Segment Information) 33

    (Amounts per Share) 36

    (Significant Events after the Reporting Period) 37

20. OTHERS 37

21. Changes in Representative Director and Other Directors 37