February 3, 2022
Flash Report [Japanese GAAP] (Consolidated Basis)
Results for the nine months ended December 31, 2021
Company name: Fuji Media Holdings, Inc.
Stock listing: | Tokyo Stock Exchange | Code number: 4676 | URL: https://www.fujimediahd.co.jp/en |
Representative: | Osamu Kanemitsu, President | ||
Person to contact: | Junji Okunogi, Executive Managing Director and General Manager of Treasury & Finance Department | ||
Telephone: +81-3-3570-8000 (key) |
Scheduled date of filing quarterly securities report: February 10, 2022
Scheduled date of commencing dividend payments: ―
Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Not scheduled
(Figures less than ¥1 million have been omitted.)
1. Consolidated Financial Results
(1) Business Performance
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 | % | |
2021 | 395,271 | 1.4 | 26,334 | 78.3 | 36,588 | 66.2 | 26,509 | 27.1 |
2020 | 389,691 | (18.5) | 14,769 | (40.2) | 22,014 | (28.7) | 20,856 | (39.5) |
(Note) Comprehensive income: Nine months ended December 31, 2021: ¥38,801 million, (2.0)%, | ||||||||
Nine months ended December 31, 2020: ¥39,599 million, (6.7)% | ||||||||
Basic earnings per share | Diluted earnings per | |||||||
share | ||||||||
Yen | Yen | |||||||
2021 | 119.18 | ― | ||||||
2020 | 90.83 | ― |
(2) Financial Position
Total assets | Net assets | Equity ratio | ||
Millions of yen | Millions of yen | % | ||
December 31, 2021 | 1,356,968 | 813,962 | 59.2 | |
March 31, 2021 | 1,336,042 | 784,429 | 57.9 | |
(Reference) Total shareholders' equity: December 31, 2021: ¥803,426 million, | ||||
March 31, 2021: | ¥774,011 million |
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2. Dividends
Year ended March 31, 2021/ Year ending March 31, 2022
Dividends per share | ||||||||
1Q | 2Q | 3Q | Year-end | Total | ||||
Yen | Yen | Yen | Yen | Yen | ||||
2021 | ― | 18.00 | ― | 18.00 | 36.00 | |||
2022 | ― | 18.00 | ― | |||||
2022 | 18.00 | 36.00 | ||||||
(Forecast) | ||||||||
(Note) Revision to the most recently announced dividends forecast: None |
3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022
Percentages indicate year-on-year increases/(decreases).
Net sales | Operating income | Recurring profit | ||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | |
Fiscal year | 523,400 | 0.7 | 29,600 | 81.9 | 39,200 | 75.8 |
Net income attributable to | Basic earnings per share | |||||
owners of the parent | ||||||
Millions of yen | % | Yen | ||||
Fiscal year | 21,800 | 115.6 | 98.01 | |||
(Note) Revision to the most recently announced financial results forecasts: Yes
Notes:
1. 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) For details, please refer to "2. CONSOLIDATED FINANCIAL STATEMENTS AND PRIMARY NOTES: (3) Notes to Consolidated Financial Statements (Changes in Accounting Policies)" on page 13.
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4. Number of issued shares (Common stock)
Nine months ended | Year ended | |
December 31, 2021 | March 31, 2021 | |
1) Number of issued shares (including treasury stock) | 234,194,500 | 234,194,500 |
at end of the period (shares) | ||
2) Number of treasury stock at end of the period | 11,786,120 | 11,743,558 |
(shares) | ||
Nine months ended | ||
December 31, 2020 | ||
3) Average number of issued shares during the | 222,429,942 | 229,626,973 |
period (shares) | ||
This flash report is outside the scope of quarterly review by certified public accountants or an audit firm.
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. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2022: (3) Explanation of Consolidated Financial Results Forecasts and Other Future Projections" on page 8.
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CONTENTS OF ATTACHMENT
1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR | ||
THE THIRD QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2022 | 5 | |
(1) | Explanation of Business Results | 5 |
(2) | Explanation of Financial Position | 7 |
(3) | Explanation of Consolidated Financial Results Forecasts and Other Future Projections 8 | |
2. CONSOLIDATED FINANCIAL STATEMENTS AND PRIMARY NOTES | 9 | |
(1) | Consolidated Balance Sheets | 9 |
(2) | Consolidated Statements of Income and Consolidated Statements of | |
Comprehensive Income | 11 | |
(3) | Notes to Consolidated Financial Statements | 13 |
(Note on Assumptions for Going Concern) | 13 | |
(Notes in the Event of Major Change in Shareholders' Equity) | 13 | |
(Changes in Accounting Policies) | 13 | |
(Segment Information) | 14 |
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1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2022
(1) Explanation of Business Results
The Japanese government's Monthly Economic Report on the Japanese economy for the nine months ended December 31, 2021 (April 1, 2021 to December 31, 2021) states, "Concerning short-term prospects, the economy is expected to pick up, supported by the effects of various policies and improvement in overseas economies while economic and social activities are moving toward normalization. However, full attention should be given to further downside risks due to supply-side constraints and the trend of raw material prices." It also states that firms' judgments on business conditions "show movements of picking up."
Fuji Media Holdings Group (the "Group"), as in the same period of the previous fiscal year, was affected by the lasting impact of the novel coronavirus infection (COVID-19), including a drop in travel and tourism demand. However, the Group was able to improve its performance thanks to a recovery in advertising revenue and efforts to cut back on operating expenses.
Amid this economic environment, consolidated net sales of the Group increased overall during the nine months ended December 31, 2021, up 1.4% from the same period of the previous fiscal year to ¥395,271 million, thanks to an increase in the Urban Development, Hotels & Resorts segment, despite a decrease in the Media & Content segment due to the application of the Accounting Standard for Revenue Recognition, etc. and the sale of the Cecile business.
In terms of earnings, operating income increased 78.3% year-on-year to ¥26,334 million, as there were revenue increases in both the Media & Content segment and the Urban Development, Hotels & Resorts segment. Recurring profit increased 66.2% year-on-year to ¥36,588 million and net income attributable to owners of the parent increased 27.1% year-on-year to ¥26,509 million, despite a reactionary decrease in gain on sales of investment securities recorded under extraordinary gain in the same period of the previous fiscal year.
Due to the application of the Accounting Standard for Revenue Recognition, etc., net sales decreased ¥17,284 million, cost of sales decreased ¥15,020 million and selling, general and administrative expenses decreased ¥2,395 million, while operating income, recurring profit and income before income taxes increased ¥131 million, respectively.
Results by operating segment are as follows.
Nine months ended December 31
Net sales | Operating income | |||||
2020 | 2021 | Change | 2020 | 2021 | Change | |
Millions of yen | Millions of yen | % | Millions of yen | Millions of yen | % | |
Media & Content | 327,256 | 309,718 | (5.4) | 10,526 | 17,028 | 61.8 |
Urban Development, | 58,922 | 81,819 | 38.9 | 4,896 | 9,719 | 98.5 |
Hotels & Resorts | ||||||
Other | 13,103 | 13,416 | 2.4 | 385 | 503 | 30.5 |
Eliminations | (9,590) | (9,683) | ― | (1,038) | (916) | ― |
Total | 389,691 | 395,271 | 1.4 | 14,769 | 26,334 | 78.3 |
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Fuji Media Holdings Inc. published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 06:16:11 UTC.