Results Presentation - The First Quarter of the Year Ending March 31, August 5, 2010 Tokyo Broadcasting System Holdings, Inc.

Transcription

1 Results Presentation - The First Quarter of the Year Ending March 31, August 5, 2010 Tokyo Broadcasting System Holdings, Inc.

2 Tokyo Broadcasting System Holdings, Inc. Consolidated company in the broadcasting, multi visual ventures and cultural events businesses and real estate business (1) TOKYO BROADCASTING SYSTEM TELEVISION, INC. Consolidated companies in the broadcasting business (13) TBS Radio & Communications, Inc. TBS-VISION, Inc. FF TOHO Inc. ProCam, Inc. Akasaka Video Center Co., Ltd. DREAMAX TELEVISION, INC. AKASAKA GRAPHICS ART, INC. Art Communication System, Inc. TELECOM SOUND, Inc. JASC (Japan Artvideo Service Collaborative, Inc.) Vucast, Inc. TBS MEDIA RESEARCH INSTITUTE Inc. TBS International, Inc. Consolidated companies in the multi visual ventures and cultural events businesses (13) NICHION, INC. TBS Service, Inc. OXYBOT, Inc. TC Entertainment Incorporated Grand Marche, Inc. YOKOHAMA BAYSTARS BASEBALL CLUB, INC. TBS TriMedia, Inc. StylingLife Holdings Inc. Five other companies Consolidated companies in the real estate business (4) Midoriyama Studio City, Inc. TBS Kikaku Co., Ltd. Akasaka Heat Supply, Co., Ltd. TBS Sunwork, Inc. Equity method affiliates (5) BS-TBS, INC. Tomo-Digi Corporation Totsu Inc. TLC Co., Ltd. RG MARKETING CO., LTD. 1

3 Consolidated Amount Q1 (Apr. to Jun. 2010) Q1 (Apr. to Jun. 2009) (%) Amount (%) Net sales 83,212-3, ,190 8, Operating income 1,171-1, ,562-2, Ordinary income 2,119-1, ,337-2, Net income -2,562-4,393 1,830-1, TBS TV Q1 (Apr. to Jun. 2010) Amount Net sales 52,518-4,479 Operating income 1,389-1,534 Ordinary income 2, Net income 1, TBS HD Q1 (Apr. to Jun. 2010) Amount Net sales 4, Operating income Ordinary income 1,716-1,142 Net income -2,660-5,141 2

4 Consolidated H1 H2 Full year Total Net sales 164, , ,500-8,762 Operating income ,100 8,900 5,556 Ordinary income 300 8,800 9,100 5,197 Net income -5,100 5, ,913 3

5 FY2011 forecasts FY2011 forecasts (announced on May 13) (Unit: 100 million yen) FY2010 results Consolidated net sales 3,425 3,490 3,512 Broadcasting 1,949 2,000 2,012 Multi Visual Ventures & Cultural Events 1,310 1,326 1,336 Real Estate Consolidated operating income Broadcasting Multi Visual Ventures & Cultural Events Consolidated cash flows from operating activities Consolidated operating income to net sales Real Estate % 2.6% 1.0% 4

6 FY2011 forecasts H1 H2 Full year Net sales 101, , ,500 Operating income -1,800 4,900 3,100 Ordinary income -1,000 5,200 4,200 Net income -1,400 4,200 2,800 Forecast TV earnings H1 H2 Full year (Unit: %) Spot Time

7 External sales Q1 (Apr. to Jun. 2010) Q1 (Apr. to Jun. 2009) Operating income External sales Operating income Broadcasting 49,752-2, ,574-8, ,718 Multi Visual Ventures & Cultural Events 29,335-1,176-1,541-1,856 30,512 17, Real Estate 4, , , , Others Elimination 83,212-3,978 1,171-1,391 87,190 8,559 2,562-2,069 Factors behind changes Broadcasting Multi Visual Ventures & Cultural Events External sales TBS TV (-25.8) TBS Radio & Communications (-2.0) TBS TV (-15.0) TC Entertainment (-3.1) NICHION (+1.5) StylingLife (-2.2) Service (-0.8) Grand Marche (+5.7) Operating income TBS TV (+4.4) TBS Radio & Communications (+0.7) (Unit: 100 million yen) TBS TV (-16.3) StylingLife (-0.9) TC Entertainment (-1.1) Real Estate 6

8 As of Jun As of Mar Change As of Jun As of Mar Change Current assets 171, ,141-3,002 Current liabilities 127, ,469 13,077 Long-term liabilities 131, ,136-24,931 Total liabilities 258, ,606-11,854 Fixed assets 428, ,541-24,626 Total net assets 341, ,076-15,775 Shareholders equity 331, ,252-14,929 Minority interests 9,978 10, Total assets 600, ,683-27,629 Total liabilities and net assets 600, ,683-27,629 Interest-bearing liabilities at the end of the first quarter: 164,001 million yen (up 39 million yen from the end of the previous year) 7

9 Q1 (Apr. to Jun. 2010) Q1 (Apr. to Jun. 2009) Cash flows from operating activities 6,936 2,181 4,755 Cash flows from investing activities -2,539-3,952 1,412 Cash flows from financing activities ,136 Net increase (decrease) in cash and cash equivalents 3,894-1,129 5,023 Cash and cash equivalents at beginning of term 52,249 48,571 3,678 Cash and cash equivalents at end of term 56,143 47,442 8,701 8

10 TBS R&C Q1 (Apr. to Jun. 2010) Q1 (Apr. to Jun. 2009) Amount Amount Net sales 2, , Operating income Ordinary income Net income Recorded the highest ratings for 54 consecutive periods from August 2001 to June this year. 9

11 Grand Marche Q1 (Apr. to Jun. 2010) Q1 (Apr. to Jun. 2009) Amount Amount Net sales 3, , Operating income Ordinary income Net income TC Entertainment Q1 (Apr. to Jun. 2010) Q1 (Apr. to Jun. 2009) Amount Amount Net sales Operating income Ordinary income Net income

12 YOKOHAMA BAYSTARS BASEBALL CLUB Q1 (Jan. to Mar. 2010) Q1 (Jan. to Mar. 2009) Amount Amount Net sales Operating income Ordinary income Net income StylingLife Q1 (Apr. to Jun. 2010) Q1 (Apr. to Jun. 2009) Amount Amount Net sales 16, ,981 Operating income Ordinary income Net income

13 BS TBS Q1 (Apr. to Jun. 2010) Q1 (Apr. to Jun. 2009) Amount Amount Net sales 2, , Operating income Ordinary income Net income Cumulative losses at the end of the first quarter: 35,191 million yen (improved 155 million yen from the end of the previous year) 12

14 Consolidated Q1 (Apr. to Jun. 2010) Capital expenditures 1, Depreciation 3, TBS-HD Q1 (Apr. to Jun. 2010) Capital expenditures Depreciation TBS TV Q1 (Apr. to Jun. 2010) Capital expenditures Depreciation 2, Breakdown of consolidated capital expenditures Including 90 million yen in digital terrestrial broadcasting, 40 million yen in facilities for HD conversion, 720 million yen in other investments in general and 380 million yen in subsidiaries excluding TBS TV and TBS-HD 13

15 Q1 (Apr. to Jun. 2010) Amount Amount Television 46,087-2,547 (Time advertising and program production) 22,003-3,015 (Spot advertising) 20, (Others) 2,253-3 (Program sales in Japan) Operations 5,709-1,937 Real estate Total income 52,518-4,479 14

16 (Unit: %) Spot Time Spot in Q1 average April May June Tokyo area Q1 (Apr. - Jun. 2010) Q1 (Apr. - Jun. 2009) Time Spot TBS share among five key broadcasters

17 1 Q1 (Apr. to Jun. 2010) Alcoholic and other beverages Growth rate Share Q1 (Apr. to Jun. 2009) Alcoholic and other beverages Growth rate Share Foods Foods Cosmetics and toiletry Cosmetics and toiletry Pharmaceuticals Entertainment and hobbies Entertainment and hobbies Pharmaceuticals Automobiles and transportation equipment 7 General electronics Telecommunications and broadcasting General electronics Automobiles and transportation equipment Telecommunications and broadcasting Financial Financial Precision instruments and office machines (Ranked in order of sales proceeds) (Unit: %) Food service

18 All day Golden time Prime time TBS (4) 6.7 (5) 9.6 (5) 9.9 NTV (2) 7.8 (3) 11.6 (3) 11.7 Fuji TV (1) 8.3 (1) 12.6 (1) 12.7 TV Asahi (3) 7.3 (3) 11.6 (2) 12.2 TV Tokyo (6) 2.8 (6) 6.0 (6) 5.7 NHK (5) 6.6 (2) 12.0 (4) 10.7 HUT (Unit: %) (Ratings for March 29, 2010 to June 27, 2010, on a weekly basis) 17

19 FY2011 FY2010 Results Q1 24,226 25,995-1,768 (Direct expenses) (Indirect expenses) (18,813) (5,413) (20,551) (5,444) Q2 27,590 H1 53,585 Q3 25,766 Q4 25,719 H2 51,485 FY2011 forecasts 96, ,070-8,670 (Forecasts announced on May 13) (98,400) Major expenses included in TV program cost: Direct expenses: program purchasing expenses, fees for broadcasting rights, fine arts production expenses, technical production expenses Indirect expenses: absorbed cost including depreciation and personnel cost for employees 18

20 Events Planning bureau Content business bureau Contents Q1 y/y change Cultural business (events) Show business Multi visual business Movie business Contents sales business DVDs Remarks for the full fiscal year Increased from the previous fiscal year, thanks to the transfer of Musee Du Petit Prince De Saint from the Show business, in addition to the huge success of the Great Mammal Exhibition. Substantially increased as a decline associated with the transfer of Musee Du Petit Prince De Saint to the Cultural business (events) was more than offset by the increased number of performances, such as Dream Girls, Chicago, and Theater Okuribito. Declined significantly due to the lack of major hits like Ryuseino Kizuna and Rescue in the previous fiscal year, in addition to falling DVD prices. Animations Increased sharply, attributable to the major hit of the DVD Keion!. Movies 252-1,965 Program sales abroad Other program sales Declined substantially, reflecting the lack of hits, although the number of movies was three, the same as in the previous fiscal year. Pay-TV business 1, The number of subscribers increased steadily. Licensing business Digital business Total 5,709-1,937 - Goods-related sales declined from the previous fiscal year as movies performed poorly. 19

21 Forward-looking statements on future results and all other content in this document are based on the Company s judgment at the time of publication. This document does not assure or guarantee that the stated numerical plans and measures will be achieved. Risks and uncertainties are inherent in this document. Please note that future results may differ materially from statements herein, depending on changes in factors, including economic circumstances, market trends and business conditions. For inquiries: IR Promotion Department, Group Management Planning Division Tokyo Broadcasting System Holdings, Inc Akasaka, Minato-ku, Tokyo Telephone: (switchboard) 20