October 31, 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, Executive Officer, Treasury & Finance Telephone: +81-3-3570-8000 (key)
Scheduled date of filing quarterly securities report: November 11, 2016 Scheduled date of commencing dividend payments: December 2, 2016
Availability of supplementary briefing material on quarterly financial results: Available Schedule of quarterly financial results briefing session: Scheduled
- Consolidated Financial Results
-
Business Performance
(Figures less than ¥1 million have been omitted.)
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 %
2016
327,601 5.1
13,301 171.1
17,735 117.1
12,732 150.7
2015
311,736 1.7
4,905 (48.5)
8,170 (52.9)
5,079 (58.2)
(Note) Comprehensive income: Six months ended September 30, 2016: ¥9,354 million, (―)%;
Six months ended September 30, 2015: ¥(1,688) million, (―)%
Basic earnings per share
Diluted earnings per share
Yen
Yen
2016
55.06
―
2015
21.96
―
- Financial Position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
September 30,
2016
1,142,138
642,741
55.5
March 31, 2016
1,136,406
638,383
55.4
(Reference) Total shareholders' equity: September 30, 2016: ¥634,430 million, March 31, 2016: ¥629,785 million
-
Dividends
Year ended March 31, 2016/ Year ending March 31, 2017
Dividends per share
1Q
2Q
3Q
Year-end
Total
Yen
Yen
Yen
Yen
Yen
2016 ―
20.00
―
20.00
40.00
2017 ―
20.00
2017
(Forecast)
―
20.00
40.00
(Note) Revision to dividends forecast: None
-
Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2017
Percentages indicate year-on-year increases/(decreases).
Net sales
Operating income
Recurring profit
Millions of yen %
Millions of yen %
Millions of yen %
Fiscal year
663,200 3.5
27,200 11.5
34,400 6.2
Net income attributable to owners of the parent
Basic earnings per share
Millions of yen %
Yen
Fiscal year
24,500 7.3
105.96
(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)
Indication of quarterly review procedure implementation statusSix months ended September 30, 2016
Year ended March 31, 2016
1) Number of issued shares (including treasury stock) at end of the period (shares)
236,429,800
236,429,800
2) Number of treasury stock at end of the period (shares)
5,199,688
5,199,629
Six months ended September 30, 2015
3) Average number of issued shares during the period (shares)
231,230,118
231,264,252
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.
Explanation of appropriate use of forecasts of financial results; other important itemsThe 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, 2017: (3) Explanation of Consolidated Financial Results Forecasts and Other Future Projections" on page 8.
CONTENTS OF ATTACHMENT- QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2017 4
- Explanation of Business Results 4
- Explanation of the Financial Position 7
- Explanation of Consolidated Financial Results Forecasts and Other Future Projections 8
- MATTERS REGARDING SUMMARY INFORMATION (NOTES) 9 Changes in Accounting Policies, Changes in Accounting Estimates, and Modifications and Restatements 9
- CONSOLIDATED FINANCIAL STATEMENTS 10
- Consolidated Balance Sheets 10
- Consolidated Statements of Income and Consolidated Statements of Comprehensive Income 12
- Consolidated Statements of Cash Flows 14
- Notes to Consolidated Financial Statements 15
- Segment Information 15
-
1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2017
(1) Explanation of Business Results
The Japanese government's Monthly Economic Report on the Japanese economy for the six months ended September 30, 2016 (April 1, 2016 to September 30, 2016) states "Although weakness is seen in some parts, the economy is on a moderate recovery track. 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 in the future." The report also states that business outlook of corporations "shows cautiousness as corporate profits improvement appears to be pausing, although they remain at a high level."
Amid this economic environment, the Fuji Media Holdings Group's consolidated net sales increased during the six months ended September 30, 2016, up 5.1% from the same period of the previous fiscal year to ¥327,601 million, as increases in the Advertising, Urban Development and Other segments offset declines in the Broadcasting, Production, Video and Music, and Life Information segments.
In terms of earnings, operating income amounted to ¥13,301 million, up 171.1% year-on-year, while a decline in the Production segment and an operating loss of the Life Information segment were recorded, the mainstay Broadcasting, Advertising, Urban Development and Other segments recorded increased income and the Video and Music segment secured an operating income despite an operating loss in the same period of the previous fiscal year. Recurring profit increased 117.1% year-on-year to ¥17,735 million, and net income attributable to owners of the parent increased 150.7% year-on-year to ¥12,732 million.
Results by operating segment are as follows.
Six months ended September 30
BroadcastingNet sales
Operating income (loss)
2015
2016
Change
2015
2016
Change
Millions of yen
Millions of yen
%
Millions of yen
Millions of yen
%
Broadcasting
160,492
158,641
(1.2)
442
3,512
694.6
Production
26,494
24,186
(8.7)
1,442
1,008
(30.1)
Video and Music
23,862
23,134
(3.0)
(139)
180
―
Life Information
63,208
61,738
(2.3)
(478)
(24)
―
Advertising
19,899
22,199
11.6
108
132
21.8
Urban Development
39,094
55,893
43.0
3,157
8,039
154.7
Other
12,892
14,181
10.0
272
351
28.7
Eliminations
(34,208)
(32,374)
―
100
100
―
Total
311,736
327,601
5.1
4,905
13,301
171.1
Fuji Television Network, Inc. saw a decrease in revenue from time advertising sales due to severe conditions in the sales of regular programs, despite the 2016 Rio de Janeiro Olympics-related
Fuji Media Holdings Inc. published this content on 25 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 November 2016 07:51:16 UTC.
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