February 3, 2016
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: +81-3-3570-8000 (key)
Scheduled date of filing quarterly securities report: February 12, 2016 Scheduled date of commencing dividend payments: ―
Availability of supplementary briefing material on quarterly financial results: Available Schedule of quarterly financial results briefing session: No
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Consolidated Financial Results
-
Business Performance
(Figures less than ¥1 million have been omitted.)
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 %
2015
473,806 1.7
13,976 (23.2)
19,750 (30.5)
13,663 (30.4)
2014
465,892 (0.7)
18,187 (24.7)
28,431 4.4
19,625 42.3
(Note) Comprehensive income: Nine months ended December 31, 2015: ¥17,487 million, (60.9)%;
Nine months ended December 31, 2014: ¥44,683 million, 48.8%
Net income per share
Diluted net income per share
Yen
Yen
2015
59.08
―
2014
84.77
―
- Financial Position
-
Dividends
Year ended March 31, 2015 / Year ending March 31, 2016
Dividends per share
1Q
2Q
3Q
Year-end
Total
Yen
Yen
Yen
Yen
Yen
2015
―
20.00
―
20.00
40.00
2016
―
20.00
―
2016
(Forecast)
20.00
40.00
(Note) Revision to dividends forecast: None
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Forecasts of Consolidated Financial Results for Fiscal Year ending March 31, 2016
Percentages indicate year-on-year increases/(decreases).
Net sales
Operating income
Recurring profit
Millions of yen %
Millions of yen %
Millions of yen %
Fiscal year
636,800 (1.0)
21,600 (15.7)
28,500 (18.8)
Net income attributable to owners of the parent
Net income per share
Millions of yen %
Yen
Fiscal year
18,600 (6.6)
80.43
(Note) Revision to earnings forecast: Yes
Notes:
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
Adoption of special accounting treatment in preparing the quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and modifications and restatements:
Changes in accounting policies based on revision of accounting standards: Yes
Changes in accounting policies other than 1) above: None
Changes in accounting estimates: None
Modifications and restatements: None
(Note) Please refer to "2. MATTERS REGARDING SUMMARY INFORMATION (NOTES): Changes in Accounting Policies, Changes in Accounting Estimates, and Modifications and Restatements: Changes in Accounting Policies" on page 9.
Number of issued shares (Common stock)
-
QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF THE FISCAL YEAR UNDER REVIEW 4
- Explanation of Business Results 4
- Explanation of the Financial Position 7
- Explanation of Consolidated Financial Results Forecasts and Other Future Projections 7
- MATTERS REGARDING SUMMARY INFORMATION (NOTES) 9 Changes in Accounting Policies, Changes in Accounting Estimates, and Modifications and Restatements 9
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CONSOLIDATED FINANCIAL STATEMENTS 10
- Consolidated Balance Sheets 10
- Consolidated Statements of Income and Consolidated Statements of Comprehensive Income 12
- Notes to Consolidated Financial Statements 14
- Segment Information 14 1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF THE FISCAL YEAR UNDER REVIEW (1) Explanation of Business Results
Total assets | Net assets | Equity ratio | |
Millions of Yen | Millions of Yen | % | |
December 31, 2015 | 1,150,780 | 649,382 | 55.7 |
March 31, 2015 | 1,065,958 | 638,883 | 59.4 |
(Reference) Total shareholders' equity: December 31, 2015: ¥640,682 million, March 31, 2015: ¥633,568 million
Nine months ended December 31, 2015 | Year ended March 31, 2015 | |
1) Number of issued shares (including treasury stock) at end of the period | 236,429,800 | 236,429,800 |
2) Number of treasury stock at end of the period | 5,199,629 | 5,165,548 |
Nine months ended December 31, 2014 | ||
3) Average number of issued shares during the period | 231,264,128 | 231,513,972 |
This flash report is not subject to quarterly review procedures under the Financial Instruments and Exchange Act. The quarterly review 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.
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 UNDER REVIEW: (3) Explanation of Consolidated Financial Results Forecasts and Other Future Projections" on page 7.
CONTENTS OF ATTACHMENTThe Japanese government's Monthly Economic Report on the Japanese economy for the nine months ended December 31, 2015 (April 1, 2015 to December 31, 2015) states, "The economy is on a moderate recovery track recently, and with the continuing improvement trend of the employment and income situation, along with the effect of various government measures, the moderate recovery trend is expected to continue." It continues, "Although discretion has been seen in the business outlook of some corporations, it has generally remained unchanged."
Amid this economic environment, the Fuji Media Holdings Group posted consolidated net sales for the nine months ended December 31, 2015 of ¥473,806 million, up 1.7% from the same period of the previous fiscal year. Sales increased in the Production, Life Information and Urban Development segments, but decreased in the Broadcasting, Video and Music, Advertising and Other segments.
In terms of earnings, operating income amounted to ¥13,976 million, down 23.2% year-on-year, as declines in the mainstay Broadcasting, Production, Video and Music, Advertising and Other segments could not be offset by an improvement of operating loss and the return to profitability in the Life Information segment and gains in the Urban Development segment. Recurring profit decreased 30.5% year-on-year to ¥19,750 million, and net income attributable to owners of the parent decreased 30.4% year-on-year to ¥13,663 million.
Results by operating segment are as follows.
Nine months ended December 31
Net sales | Operating income (loss) | |||||
2014 | 2015 | Change | 2014 | 2015 | Change | |
Millions of yen | Millions of yen | % | Millions of yen | Millions of yen | % | |
Broadcasting | 256,415 | 239,894 | (6.4) | 11,108 | 4,968 | (55.3) |
Production | 37,832 | 38,570 | 1.9 | 2,040 | 1,913 | (6.2) |
Video and Music | 40,645 | 35,807 | (11.9) | 234 | 41 | (82.4) |
Life Information | 101,743 | 101,936 | 0.2 | (382) | 1,312 | ― |
Advertising | 32,737 | 30,643 | (6.4) | 421 | 246 | (41.5) |
Urban Development | 27,985 | 57,438 | 105.2 | 3,667 | 4,940 | 34.7 |
Other | 20,194 | 19,672 | (2.6) | 850 | 494 | (41.9) |
Eliminations | (51,661) | (50,157) | ― | 247 | 60 | ― |
Total | 465,892 | 473,806 | 1.7 | 18,187 | 13,976 | (23.2) |
Fuji Television Network, Inc. recorded a decrease in time advertising sales as a result of harsh conditions of regular programs, although major sports programs, such as "FIVB Volleyball World Cup Japan 2015" and "All Japan Figure Skating Championships 2015," and "FNS MUSIC FESTIVAL THE LIVE" in one-off programs contributed to sales. Spot advertising sales decreased due to sluggish viewer ratings in spite of a recovery in market conditions going into the third quarter. In non-broadcasting revenues, revenue of the "FOD," fee-based streaming business, in the digital business, and the movie business increased, while revenue in the event business decreased. As a
Fuji Media Holdings Inc. issued this content on 17 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 February 2016 03:55:49 UTC
Original Document: http://www.fujimediahd.co.jp/en/pdf/gzhazrrBcBMd3sPv.pdf