F Y 2 0 2 3 / 3 T h i r d Q u a r t e r
Results Briefing
2023.02.02
Kakaku.com, Inc. Securities Code: 2371
© 2023 Kakaku.com, Inc.
Hello, I am Shonosuke Hata from Kakaku.com, Inc. Thank you for joining us today for our Q3 financial results presentation.
1
1. Operating Results
2. Operating Results and Progress by Business
3. Initiatives Going Forward
4. Appendix
© 2023 Kakaku.com, Inc. | 2 |
2
Operating Results
FY22/3 | FY23/3 | Forecast | Progress | ||||||||
Q3 | 9 months | Q3 | 9 months | ||||||||
(Unit: million yen) | YoY | YoY | |||||||||
Revenue | 14,053 | 37,935 | 16,321 | +16.1% | 44,561 | +17.5% | 64,500 | 69.1% | |||
Operating Profit | 5,662 | 13,782 | 7,020 | +24.0% | 17,927 | +30.1% | 25,900 | 69.2% | |||
OP Margin | 40.3% | 36.3% | 43.0 | +2.7pt | 40.2 | +3.6pt | 40.2% | - | |||
Profit Before | 6,786 | 14,813 | 7,045 | +3.8% | 18,375 | +24.0% | 25,800 | 71.2% | |||
Income Taxes | |||||||||||
Profit Attributable | 4,791 | +2.5% | 12,837 | +22.9% | |||||||
to Owners of the | 4,673 | 10,448 | 17,600 | 72.9% | |||||||
Parent Company | |||||||||||
© 2023 Kakaku.com, Inc. 3 |
First, please turn to page three of our presentation material, for our consolidated operating results. In Q3, revenue was 16.321 billion yen, up 16.1% from last year. Operating profit was 7.02 billion yen, up 24% from last year, and operating profit margin was 43%. Profit before income taxes was 7.045 billion yen, up 3.8% from last year. Net income was 4.791 billion yen, up 2.5% from the previous year.
Next, the cumulative total for the first nine months of the fiscal year. Revenue was 44.561 billion yen, up 17.5% from last year. Operating profit was 17.927 billion yen, up 30.1% from last year and operating profit margin was 40.2%. Income before income taxes was 18.375 billion yen, up 24% from the previous year. Net income was 12.837 billion yen, up 22.9% from the previous year.
Compared to the full-year forecast shown on the far right, the progress rate for the first 9 months is 69.1% for revenue, 69.2% for operating profit, 71.2% for profit before income taxes, and 72.9% for profit attributable to owners of the parent company.
3
Operating Results by Business
(Unit: million yen)
Sales ratio
16,023 | 16,321 | |||||||||
13,309 | 14,053 | 13,787 | 14,015 | 14,225 | 4,960 | |||||
12,243 | 5,933 | 12,021 | 11,861 | |||||||
4,686 | ||||||||||
9,502 | 5,320 | 5,566 | 4,957 | |||||||
6,130 | ||||||||||
5,474 | 5,417 | 5,114 | ||||||||
6,291 | ||||||||||
5,958 | 7,371 | 5,308 | 4,253 | 5,373 | 5,448 | |||||
4,187 | 3,565 | |||||||||
4,493 | 3,754 | |||||||||
1,735 | 2,718 | 2,991 | 2,850 | 3,182 | 3,426 | 3,968 | 3,685 | 4,091 | 5,070 | |
1,809 | 2,277 | |||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 |
FY21/3 | FY22/3 | FY23/3 |
Kakaku.com | 62.7% | 44.7% | 37.0% | 46.1% | 45.1% | 43.1% | 37.9% | 40.4% | 35.4% | 32.9% | 30.4% | ||
Tabelog | 18.3% | 36.7% | 46.0% | 31.5% | 31.2% | 30.1% | 37.8% | 30.8% | 38.3% | 38.3% | 38.5% | ||
New Media and | 19.0% | 18.6% | 17.0% | 22.5% | 23.7% | 26.8% | 24.4% | 28.8% | 26.3% | 28.8% | 31.1% | ||
Solutions/Finance* | |||||||||||||
There was a change in estimates related to revenue recognition for certain life insurance agency commissions in the finance business. Please refer to page 23 for details.
There is no change to the consolidated earnings forecast for the full year announced in the "Consolidated Earnings Report for the Fiscal Year Ended March 31, 2022" on May 11, 2022.
© 2023 Kakaku.com, Inc. | 4 |
Next, we have the sales composition by business. Please refer to the graph on page four.
I will talk about each of these businesses later on, but as a percentage of total sales, Kakaku.com accounted for 30.4%, Tabelog for 38.5%, and New Media and Solutions/ Finance was 31.1%.
4
Quarterly Consolidated Operating Expenses
In advertising expenses, T-point related costs in the Tabelog business as well as costs related to advertising for Kakaku.com's Service Business and Kyujin Box increased.
In commissions, agency commissions for the Tabelog business increased.
(Unit: million yen) | 9,462 | 9,311 | ||||||||||||
2,189 | 8,523 | 8,016 | 7,776 | 8,398 | 8,428 | 8,646 | 8,693 | |||||||
7,317 | 7,599 | 2,137 | ||||||||||||
2,000 | 1,694 | 1,839 | 1,785 | |||||||||||
1,543 | 2,047 | |||||||||||||
1,463 | 1,482 | |||||||||||||
Advertising | ||||||||||||||
1,601 | ||||||||||||||
2,095 | 1,960 | 2,128 | Commissions | |||||||||||
1,711 | 1,661 | 1,610 | 1,951 | 1,735 | 1,900 | |||||||||
1,729 | Outsourcing | |||||||||||||
1,233 | ||||||||||||||
Depreciation | ||||||||||||||
1,290 | 842 | 923 | 910 | |||||||||||
760 | 794 | 830 | 813 | 863 | 856 | 916 | ||||||||
Rent | ||||||||||||||
466 | 484 | 492 | 464 | 474 | 492 | |||||||||
449 | 450 | 461 | 463 | 456 | Personnel Expenses | |||||||||
373 | 375 | 357 | 351 | 354 | 356 | 363 | ||||||||
344 | 360 | 352 | 350 | Impairment Loss | ||||||||||
2,452 | 2,498 | 2,452 | 2,421 | 2,656 | 2,645 | 2,610 | 2,573 | 2,802 | 2,822 | 2,830 | Other | |||
Server maintenance 15m yen | ||||||||||||||
181 | Recruiting 66m yen | |||||||||||||
596 | ||||||||||||||
478 | 307 | 521 | 494 | 362 | 473 | 351 | 444 | 374 | 452 | |||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | ||||
FY21/3 | FY22/3 | FY23/3 |
© 2023 Kakaku.com, Inc. | 5 |
Before moving on to the operating results by business, here is a breakdown of consolidated operating expenses and other items.
In advertising expenses, expenses related to T-points increased in connection with the progress of Tabelog, and expenses related to advertisements for Kakaku.com's service business and Kyujin Box increased along with sales growth. As for commissions, agency commissions for Tabelog have increased.
There were hardly any special factors in Q3, and the composition is almost the same as in previous years.
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Kakaku.com Inc. published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2023 09:41:26 UTC.