Results Presentation The First Nine Months of the Year ... · TBS Radio & Communications / BS –...

© 2013 TBS HD

Results Presentation The First Nine Months of the Year

Ending March 31, 2013

Tokyo Broadcasting System Holdings, Inc. February 7, 2013

© 2013 TBS HD

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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.

TBS-TEX Co. Ltd.

DREAMAX TELEVISION, INC.

AKASAKA GRAPHICS ART, INC.

Art Communication System, Inc.

TBS ProNex Inc

JASC (Japan Artvideo Service Collaborative, Inc.)

Vucast, Inc.

TBS MEDIA RESEARCH INSTITUTE Inc.

TBS International, Inc.

BS – TBS, INC.

Consolidated companies in the multi visual ventures and cultural events businesses (11)

NICHION, INC.

TBS Service, Inc.

OXYBOT, Inc.

TC Entertainment Incorporated

Grand Marche, Inc.

TBS TriMedia, Inc.

StylingLife Holdings Inc.　　Four other companies

　

List of Consolidated 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 (3)

Tomo-Digi Corporation

Totsu Inc.

TLC Co., Ltd.

© 2013 TBS HD

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(Unit: million yen)

Consolidated Statement of Income (1)

Consolidated

Year ended March 31, 2012

Q3 (Apr. to Dec. 2011)

Year ending March 31, 2013


y/y change y/y change (%)

Net sales 259,592 265,366 5,774 2.2% Operating income 10,010 12,966 2,955 29.5% Ordinary income 12,203 14,506 2,303 18.9%

Net income 12,019 3,149 -8,869 -73.8%　　

TBS HD






Net sales 13,160 12,769 -391 -3.0% Operating income 1,970 2,742 772 39.2% Ordinary income 3,237 3,556 319 9.9%

Net income 7,512 2,734 -4,777 -63.6%

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(Unit: million yen)

Consolidated Statement of Income (2)

TBS TV






Net sales 156,630 161,073 4,442 2.8% Operating income 4,418 4,203 -215 -4.9% Ordinary income 6,033 5,815 -218 -3.6%

Net income 3,407 -1,067 -4,474 ―

Notes on Q3 results

of TBS TV

Operating expense in the Television division: +4.89 billion yen • Cost of program production: +4.74 billion yen ; Agency commissions: +0.33 billion yen (21.7 billion yen for Q3); Network expense: -0.15 billion yen

Operating expense in the Operations division: +0.9 billion yen Extraordinary loss (loss on valuation of investment securities): 6.08 billion yen for Q3　

© 2013 TBS HD

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(Unit: million yen)


y/y change

Television 138,674 4,002

(Time advertising) 66,814 2,475

(Spot advertising) 62,899 999

(Others) 6,275 660

(Program sales in Japan) 2,683 -132

Operations 20,230 439

Real estate 2,168 0

Total income 161,073 4,442

Breakdown of TBS TV Income

© 2013 TBS HD

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Year-on-Year Changes in Time / Spot Earnings

1Q (Apr. to Jun. 2012)

2Q (Jul. to Sep. 2012)

3Q (Oct. to Dec. 2012)



Time 107.0 101.8 102.9 103.8 96.8

Spot 117.9 96.2 93.1 101.6 100.5 TBS share among

five key broadcasters 19.3 19.9 19.8 19.6 19.8

　 April May June July August September October November December 1-3Q

Spot in Tokyo area 125.6 133.2 104.0 101.2 91.5 92.6 87.8 94.5 99.6 102.4

(Estimates)

Spot Time

Spot in Tokyo area

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(Unit: %)

Spot Advertising Sales Ranks by Business Category

Q3 (Apr. to Dec. 2012) Growth rate Share Q3 (Apr. to Dec. 2011) Growth

rate Share

1 Foods 3.3 11.3 Alcoholic and other beverages 4.7 12.3

2 Alcoholic and other beverages -13.4 10.4 Foods -2.2 11.1

3 Pharmaceuticals -6.1 9.4 Pharmaceuticals 17.0 10.2

4 Information, telecommunications, and broadcasting 2.3 8.6 Cosmetics and toiletry 5.7 9.0

5 Cosmetics and toiletry -3.6 8.5 Information, telecommunications, and broadcasting 1.9 8.5

6 Automobiles and transportation equipment 53.8 8.3 Precision instruments and

office machines 1.6 6.3

7 Precision instruments and office machines 2.1 6.3 Automobiles and

transportation equipment -20.8 5.5

8 Distribution 4.3 4.8 General electronics -25.8 4.9

9 Financial services 5.5 4.7 Distribution 39.4 4.7

10 Transportation and leisure 40.9 4.2 Financial services -1.5 4.5

* Ranked in order of sales proceeds * The business category “Telecommunications and broadcasting” has changed to “Information, telecommunications, and broadcasting.”

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(Unit: million yen)

Segment Q3 cumulative y/y change Remarks

Operations bureau

Cultural business (events) 2,669 813 Increased from the previous year, thanks to the strong performance of the ballet performance of Tetsuya Kumakawa K-Ballet Company, the Inka Empire Revealed exhibit, and the Berlin exhibit.

Show business 2,329 -605 Revenue decreased from the previous year mainly due to a drop in reaction to the absence of the hit performance of the previous year.

Movie business 1,489 435 Revenue increased due to The Floating Castle and Love for Beginners which were hit movies.

Content business bureau

Multi visual business

DVDs 2,212 -643 Revenue declined, as the impressive hit of ATARU and MOMOKURO DAN was not enough to offset the influence of DVD market slump and the deferred release of works which were scheduled this fiscal period.

Animations 1,667 70 –

Contents sales business

Program sales abroad 820 1 –

Other program sales 278 -96 –

Pay-TV business 6,182 459 TBS on Demand continues to have strong performance. The CS business of TBS Channel and TBS NEWS BIRD remain strong.

Licensing business 970 -63 –

Digital business 1,609 68 Revenue increased from the previous year attributable to the popularity of the games and other projects linked with the TV programs, which offset a decline in mobile phone charges.

Total 20,230 439

TBS TV Business Segment Income

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(Unit: million yen)

Year ended March 31, 2012 Results

Year ending March 31, 2013 y/y change

1Q 23,877 26,193 2,316

2Q 23,492　 25,700 2,208

　H1 47,369 　 51,893 4,524

3Q 23,326 23,548 222

(Direct expenses) (18,129) (18,526) 397

(Indirect expenses) (5,197)　 (5,021) -176

Q3 cumulative 70,695 　 75,441 4,747

4Q 24,229

H2 47,555　

Full year results 94,924 (Forecast) 98,500 3,576

TV Program Costs (Production Expenses)

Major expenses included in TV program cost:

Direct expenses: Program production expenses, fees for broadcasting rights, fine arts production expenses, technical production expenses Indirect expenses: Absorbed cost including depreciation and personnel cost for employees

© 2013 TBS HD

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(Unit: million yen)

Capital Expenditures and Depreciation

Consolidated Q3 (Apr. to Dec. 2012) y/y change

Capital expenditures 5,937 1,254

Depreciation 9,548 -790

TBS TV Q3 (Apr. to Dec. 2012) y/y change

Capital expenditures 2,954 501


TBS HD Q3 (Apr. to Dec. 2012) y/y change

Capital expenditures 241 -153


© 2013 TBS HD

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(Unit: million yen)

Factors behind changes External sales Operating income

Broadcasting

TOKYO BROADCASTING SYSTEM TELEVISION (+34.8) BS – TBS (+44.0)　 R&C (-3.3) DREAMAX TELEVISION (-4.2)

BS – TBS (+10.1) TBS-VISION (+1.5)

Multi Visual Ventures &

Cultural Events

TOKYO BROADCASTING SYSTEM TELEVISION (+10.8) TC Entertainment (+11.4) StylingLife Holdings (+1.7)　　 TBS Service (-12.9) YOKOHAMA BAYSTARS BASEBALL CLUB, INC. (-35.6)

StylingLife Holdings (+2.2) YOKOHAMA BAYSTARS BASEBALL CLUB, INC. (+7.9) TC Entertainment (+1.9)

Real Estate TBS-HD (+1.3) TBS-HD (+0.9)

External sales Operating income

Q3 (Apr. to Dec.

2011)

Q3 (Apr. to Dec.

2012) y/y change y/y change

(%) Q3

(Apr. to Dec. 2011)

Q3 (Apr. to Dec.

2012) y/y change y/y change

(%)

Broadcasting 151,339 159,254 7,915 5.2% 946 3,130 2,184 230.7% Multi Visual

Ventures & Cultural

Events 96,776 94,438 -2,337 -2.4% 4,076 4,375 299 7.3%

Real Estate 11,476 11,672 196 1.7% 4,989 5,466 477 9.6% Consolidated 259,592 265,366 5,774 2.2% 10,010 12,966 2,955 29.5%

(Unit: 100 million yen)

Consolidated Results by Segment

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(Unit: million yen)

Consolidated Balance Sheets

As of Mar. 2012

As of Dec. 2012 Change As of

Mar. 2012 As of

Dec. 2012 Change

Current assets 146,368 131,624 -14,744

Current liabilities 95,156 74.476 -20,680

Long-term liabilities 137,405 128,282 -9,122

Total liabilities 232,561 202,759 -29,802

Fixed assets 408,790 395,710 -13,080

Total net assets 322,597 324,575 1,977

Shareholders’ equity 308,358 309,284 925

Minority interests 14,238 15,291 1,052

Total assets 555,159 527,334 -27,824 Total liabilities

and net assets 555,159 527,334 -27,824

Interest-bearing liabilities at the end of the first half: 107,800 million yen (-209,500 million yen from the end of the previous year)

(Excluding lease obligations)

© 2013 TBS HD

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(Unit: million yen)

TBS Radio & Communications / BS – TBS

* Recorded the highest ratings for 69 consecutive periods from August 2001 to December 2012

TBS R&C






Net sales 8,374 8,089 -285 -3.4% Operating income 349 249 -99 -28.6%

Ordinary income 361 255 -105 -29.3%

Net income 150 114 -36 -24.0%

BS-TBS






Net sales 8,282 10,273 1,990 24.0% Operating income 1,147 1,864 716 62.5%

Ordinary income 1,157 1,870 713 61.6%

Net income 2,592 1,714 -877 -33.9%

© 2013 TBS HD

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(Unit: million yen)

Grand Marche






Net sales 11,436 11,556 119 1.0%

Operating income 504 395 -109 -21.6%

Ordinary income 606 505 -101 -16.7%

Net income 368 324 -43 -11.9%

TC Entertainment






Net sales 3,315 4,526 1,210 36.5 %

Operating income 153 351 197 129.2%

Ordinary income 155 352 196 126.1%

Net income 89 215 125 140.0%

Grand Marche / TC Entertainment

© 2013 TBS HD

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(Unit: million yen)

StylingLife Group (Consolidated)






Net sales 51,930 52,110 180 0.3%

Operating income 1,293 1,519 226 17.5%

Ordinary income 1,185 1,356 171 14.5%

Net income 55 145 91 166.1%

StylingLife Group

© 2013 TBS HD

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(Unit: %)

FY2013 3Q Viewer Ratings

All day Golden time Prime time

TBS (4) 6.4 (-0.4) (5) 9.1 (-0.8) (5) 9.2 (-0.8)

NTV (1) 8.0 (2) 12.3 (2) 12.1

TV Asahi (2) 7.9 (1) 13.0 (1) 13.2

TV Tokyo (6) 3.0 (6) 7.1 (6) 6.7

Fuji TV (3) 7.0 (4) 11.0 (3) 11.1

NHK (5) 6.2 (3) 11.1 (4) 9.7

HUT 40.9 64.0 62.4

Ratings for October 1, 2012 to December 30, 2012, on a weekly basis (According to research by Video Research Ltd.)

© 2013 TBS HD

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Revision to Results Forecasts for Year Ending March 31, 2013

Previous forecast

Revised forecast Change Previous year

Net sales 351,700 351,700 0 346,538

Operating income 15,400 15,400 0 12,162

Ordinary income 16,500 16,500 0 14,313

Net income 1,000 7,000 6,000 11,671

(Consolidated, full year) (Unit: million yen)

© 2013 TBS HD

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Disclaimer

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. 5-3-6 Akasaka, Minato-ku, Tokyo 107-8006

Telephone: 03-3746-1111 (switchboard) HP: http://www.tbsholdings.co.jp/ir/

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