Financial Results Briefing Material

Second Quarter of the Fiscal Year 2022

Bushiroad Inc.

Securities code: 7803

February 14, 2022

Ⓒbushiroad All Rights Reserved.

Table of Contents

  • Second Quarter of the Fiscal Year 2022 Financial Results Summary/Overview
    • Financial Results Summary
    • Summary Income Statement
    • Regarding Application of Accounting Standards to Earnings Recognition Principles
    • Consolidated Performance
    • Sales and Operating Profit by Segment
    • Sales Trends by Segment
    • Topics
  • Consolidated Performance Forecasts for FY2022
  • Upcoming Activities
  • Appendix

NOTICE

The Company has changed

its fiscal year end

from July 1 to June 30

since the previous term (FY2021).

Thus, FY2021 was 11 months

from August 1, 2020

to June 30, 2021.

In this material, because of difference of length of periods between FY2022 and FY2021, YonY comparisons are shown only as .

Ⓒbushiroad All Rights Reserved.

2

FY2022 Second Quarter

Financial Results Summary/Overview

Ⓒbushiroad All Rights Reserved.

3

2Q of FY2022: Financial Results Summary

TCG Dept. continued to contribute to sales, sales and profit rising YonY

・Sales and profit rose YonY,operating profit rising sharply by 58%.

・In the Digital IP business, the TCG Dept. performed strongly, especially overseas, contributing to sales and profits. ・In the Live IP business, sales and profits fell YonY and QonQ, but gross profit improved YonYin the live section of the Music Dept.

Unit: million yen

FY22 2Q

FY21 2Q

+/- amount

+/- %

FY22 1Q

+/- amount

+/- %

① (10-12/2021)

②(11/2020-1/2021)

（①－②＝③）

（③／②）

④ (7-9/2021)

（①－④＝⑤）

（⑤／④）

Net sales

9,089

9,054

+35

+0.3%

10,484

-1,395

-13.3%

Operating profit

381

241

+140

+58.0%

1,321

-940

-71.1%

Ordinary profit

911

256

+655

+255.8%

1,669

-758

-45.4%

Profit (loss)

701

attributable to owners

-36

+737

-

1,136

-435

-38.2%

of parent

Digital IP business

Net sales

6,785

6,707

+78

+1.1%

8,034

-1,249

-15.5%

Segment profit

459

24

+435

-

1,353

-894

-

Live IP business

Net sales

2,304

2,346

-42

-1.7%

2,449

-145

-5.9%

Segment profit

-62

215

-277

-

-39

-23

-

※From Fiscal Year 2022, the company has changed its accounting policy (accounting standards with regard to earnings recognition, etc.) (for details, see Page 6). We have not changed our disclosure methodology in tandem with this change in policy as regards the period up to Fiscal Year 2021.

Ⓒbushiroad All Rights Reserved.

4

Summary Income Statement (Consolidated)

・SG&A expenses fell again following a decline in the preceding quarter, thanks to appropriate spending curbs, especially advertising spend. ・Sales rose YonYin both the second quarter and the first half, all categories of profits rising in 1H.

・J-LODlive (*1) and other subsidies totalling 484 million yen were booked as non-operating profits.

Quarter

First half

Unit: million yen

FY22 2Q

FY21 2Q

+/- amount

+/- %

FY22 1H

FY21 1H

+/- amount

+/- amount

（①－②＝

（③／②）

①（10-12/2021）

②（11/2020-

①（7-12/2021）

②（8/2020-

①－②＝③

③／②

1/2021）

③）

1/2021）

Net sales

9,089

9,054

+35

+0.3%

19,574

18,026

+1,548

+8.5%

Gross profit

3,073

3,200

-127

-3.9%

7,011

6,625

+386

+5.8%

SG&A expenses

2,691

2,959

-268

-9.0%

5,308

6,466

-1,158

-17.9%

Advertising expenses

843

1,436

-593

-41.2%

1,743

3,293

-1,550

-47.0%

Promotion expenses

290

158

+132

+83.5%

544

375

+169

+45.0%

Operating profit

381

241

+140

+58.0%

1,703

158

+1,545

-

Operating profit margin

4.2%

2.6%

+1.5pt

-

8.7%

0.8%

+7.9pt

-

Ordinary profit

911

256

+655

+255.8%

2,581

162

+2,419

-

Ordinary profit rate

10.0%

2.8%

+7.2pt

-

13.1%

0.8%

+12.3pt

-

Profit (loss)

attributable to owners of

701

-36

+737

-

1,837

-191

+2,028

-

parent

*1 "J-LODlive" = Content Global Demand Creation Promotion and Infrastructure Development Project Subsidy

※From Fiscal Year 2022, the company has changed its accounting policy (accounting standards with regard to earnings recognition, etc.) (for details, see Page 6). We have not changed our disclosure methodology in tandem with this change in policy as regards the period up to Fiscal Year 2021.

Ⓒbushiroad All Rights Reserved.

5

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Bushiroad Inc. published this content on 01 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2022 06:57:06 UTC.