Consolidated Financial Highlights FY2021 First-half(April-Sep., 2021)
November 12, 2021
Hakuhodo DY Holdings, Inc.
Consolidated Results Highlights of 1H FY 2021
1H FY2021 Summary
Recovery trend from COVID-19 continues, with significant increases in both billings and profits.
- Significant increase in both billings and profit due to recovery in advertising demand and contribution from Government/Organizations sector business.
- Top line recovered to the level of 1H FY2019, and gross margin improved. Gross profit exceeded 1H FY2019.
- Gross profit and operating income, excluding investment business, achieved record highs for the 1H.
- In Japan, Internet media continued to grow strongly, and marketing/promotion increased significantly due to COVID-related and Olympics-related business. TV and creative also recovered.
- In overseas, there was a recovery trend in Greater China and North America, and M&A also boosted billings.
- Billings, excluding the investment business, increased by 24.2% YoY.
- Gross profit increased by 30.3% YoY, outperforming the 1H FY2019 by 7.9%*.
- SG&A expenses were limited to an 8.2% increase, and operating income increased by ¥27.0 billion. Operating income exceeded by 45% from 1H FY2019(*).
- Excluding the investment business, operating income and operating income before amortization of goodwill achieved record highs.
(*) These numbers are calculated based on excluding the investment business
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1H FY2021 Income Statements Highlight
(Millions of JPY) | Actual | YOY | |||
Billings | 661,373 | +127,308 | +23.8% | ||
Revenue | 370,902 | +83,042 | +28.8% | ||
Operating Income | 28,249 | +26,449 | +1468.9% | ||
Ordinary Income | 29,898 | +26,185 | +705.4% | ||
Net Income Attributable to Owners of Parent | 14,557 | +17,990 | n/a |
- Both billings and profit increased significantly following the Q1 FY2021, driven by the recovery of market conditions.
- Billings increased by 23.8% YoY, and revenue increased by 28.8% YoY.
- Operating income increased by ¥26.4 billion YoY to ¥28.2 billion and net income attributable to owners of the parent increased by ¥17.9 billion YoY to ¥14.5 billion.
- Top line recovered to the same level of 1H FY2019, and gross profit achieved a record high.
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1H FY2021 Results (Excluding Investment Business)
(Millions of JPY)
Billings
Revenue
Gross Profit
Gross Margin
SGA
Operating Income
Operating Margin
Amortization of Goodwill*
Operating Income
before Amortization of G/W
Operating Margin
before Amortization of G/W
Actual | YOY | vs FY2019 | Gross profit & Operating Income before amortization | |||
of goodwill by quarter | ||||||
656,209 | +127,848 | +24.2% | -3.3% | |||
365,737 | +83,582 | +29.6% | +0.8% | |||
161,683 | +37,557 | +30.3% | +7.9% | |||
24.6% | +1.1pt | +2.5pt | ||||
138,323 | +10,497 | +8.2% | +3.4% | |||
23,359 | +27,059 | n/a | +45.2% | |||
14.4% | +17.4pt | +3.7pt | ||||
6,008 | +1,079 | +21.9% | +12.1% | |||
29,368 | +28,139 | +2291.0% | +36.9% | |||
18.2% | +17.2pt | +3.9pt |
- Billings increased by 24.2% YoY. (-3.3% compared to 1H FY2019)
- Gross profit increased 30.3% YoY and +7.9% compared to 1H FY2019, and a record high for the 1H.
- SG&A expenses increased by only 8.2% YoY, and operating income increased by ¥27.0 billion. (+45.2% compared to 1H FY2019)
- Operating income before amortization of goodwill was ¥29.3 billion, and operating income also reached a record high for 1H.
* Amortization of goodwill represents the total of goodwill amortization required under Japanese GAAP and amortization of intangible assets following business combinations. | 4 |
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Hakuhodo DY Holdings Inc. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 03:26:11 UTC.