Nippon Television Holdings, Inc. | |
Consolidated Flash Report | |
Results for the 2nd Quarter ended September 30, 2021 | |
November 05, 2021 | |
(Japanese GAAP) | |
Stock listing: Tokyo Stock Exchange (First Section) | Code number: 9404 |
URL:https://www.ntvhd.co.jp/ | |
Representative: Yoshio Okubo, Representative Director Chairman | |
Information contact: Shunsuke Koyano, President, Financial Management Division | |
Tel: +81-3-6215-4111 | |
Schedule dates | |
Filing of statutory financial report: November 11, 2021 | |
Dividends payout: December 01, 2021 | |
Supplementary materials to financial results available: | Yes |
Result meeting held: | Yes |
1. Results for the 2nd Quarter FY2021 (From April 1, 2021 to September 30, 2021)
(1) Consolidated operating results | (Figures less than 1 million yen have been omitted.) | |||||||||
Net sales | Operating profit | Recurring profit | ||||||||
(% change from the previous year) | (% change from the previous year) | (% change from the previous year) | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
2nd Qtr FY 2021 | 194,950 | 11.7 | 24,341 | 166.9 | 27,797 | 148.2 | ||||
2nd Qtr FY 2020 | 174,478 | △16.8 | 9,119 | △46.7 | 11,199 | △46.0 | ||||
(Note) Comprehensive income: 2nd Qtr FY2021 | ¥ 46,634 million (96.7%) | 2nd Qtr FY2020 ¥ 23,712million (54.3%) | ||||||||
Net income attributable to | Net income | Diluted | ||||||||
owners of the parent | income | |||||||||
per share | ||||||||||
(% change from the previous year) | per share | |||||||||
Millions of yen | % | yen | yen | |||||||
2nd Qtr FY 2021 | 18,440 | - | 72.29 | 72.20 | ||||||
2nd Qtr FY 2020 | △5,656 | - | △22.15 | - |
- Consolidated financial position
Total assets | Net assets | Shareholders' | ||||||||||||
'equity ratio | ||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||
2nd Qtr FY 2021 | 1,070,209 | 861,220 | 80.0 | |||||||||||
FY 2020 | 1,032,155 | 820,506 | 79.0 | |||||||||||
(For reference) Equity capital: 2nd Qtr. FY 2021 | ¥ 855,703 million FY 2020 | ¥ 815,090 million | ||||||||||||
2. Cash Dividends | ||||||||||||||
Dividends per share | ||||||||||||||
1Q | 2Q | 3Q | Year-end | Annual | ||||||||||
yen | yen | yen | yen | yen | ||||||||||
FY 2020 | - | 10.00 | - | 25.00 | 35.00 | |||||||||
FY 2021 | - | 10.00 | ||||||||||||
Forecast for FY 2021 | - | 25.00 | 35.00 | |||||||||||
(Note) Revisions of cash dividends forecast: None
3. Forecast for FY 2021 (From April 1, 2021 to March 31, 2022)
Net sales | Operating profit | Recurring profit | |||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
FY2021 | 400,000 | 2.2 | 46,000 | 33.2 | 52,000 | 21.1 | |
Net income attributable | Net income | ||||||
to owners of the parent | per share | ||||||
Millions of yen | % | yen | |||||
FY2021 | 41,000 | 70.5 | 160.73 |
(Note) Revisions in consolidated performance forecasts: Yes
Please refer to"Notice on Revision of Consolidated Financial Forecast"announced November 5,2021.
4. Others
- Changes in significant subsidiaries during the period (Reclassification due to change in scope of consolidation): None
- Application of accounting methods specific to preparation of the quarterly consolidated financial statements: Yes
- Changes in the accounting policies, accounting estimates and restatements.
- Changes in accounting policies due to amendment of accounting standards: Yes
- Changes in accounting policies other than ① : None
- Changes in accounting estimate: None
- Restatement: None
- Issued shares (Common stock)
① | Issued shares at the end of period | 2nd Qtr | 263,822,080 | shares | FY2020 | 263,822,080 | shares |
FY 2021 | |||||||
(Including treasury stock) | |||||||
2nd Qtr | 8,738,591 | shares | FY2020 | 8,738,571 | shares | ||
② | Treasury stock at the end of period | ||||||
FY 2021 | |||||||
2nd Qtr | 255,083,506 | shares | 2nd Qtr | 255,310,088 | shares | ||
FY 2021 | FY 2020 | ||||||
③ | Average shares | ||||||
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Million yen) | ||||
As of March 31,2021 | As of September 30,2021 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 85,187 | 87,296 | ||
Notes and accounts receivable - trade | 103,694 | - | ||
Notes and accounts receivable - trade, and contract | - | 92,357 | ||
assets | ||||
Securities | 89,000 | 108,500 | ||
Inventories | 3,621 | 3,670 | ||
Program rights | 4,742 | 5,232 | ||
Other | 22,029 | 19,290 | ||
Allowance for doubtful accounts | (490) | (470) | ||
Total current assets | 307,784 | 315,876 | ||
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures, net | 68,227 | 68,299 | ||
Machinery, equipment and vehicles, net | 14,992 | 15,516 | ||
Tools, furniture and fixtures, net | 3,199 | 3,136 | ||
Land | 170,235 | 170,223 | ||
Leased assets, net | 4,493 | 4,407 | ||
Construction in progress | 6,772 | 3,631 | ||
Total property, plant and equipment | 267,921 | 265,214 | ||
Intangible assets | ||||
Goodwill | 546 | 465 | ||
Other | 12,791 | 12,338 | ||
Total intangible assets | 13,337 | 12,804 | ||
Investments and other assets | ||||
Investment securities | 408,396 | 442,104 | ||
Long-term loans receivable | 3,315 | 3,145 | ||
Deferred tax assets | 2,861 | 2,836 | ||
Other | 29,855 | 29,487 | ||
Allowance for doubtful accounts | (1,318) | (1,259) | ||
Total investments and other assets | 443,110 | 476,314 | ||
Total non-current assets | 724,370 | 754,333 | ||
Total assets | 1,032,155 | 1,070,209 |
(Million yen) | ||||
As of March 31,2021 | As of September 30,2021 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 8,238 | 8,895 | ||
Short-term borrowings | 2,495 | 2,544 | ||
Accounts payable - other | 7,753 | 7,475 | ||
Accrued expenses | 50,824 | 46,525 | ||
Income taxes payable | 17,971 | 8,959 | ||
Provision for sales returns | 12 | - | ||
Provision for loss on store closings | 1,015 | 745 | ||
Other | 16,360 | 15,060 | ||
Total current liabilities | 104,672 | 90,206 | ||
Non-current liabilities | ||||
Lease obligations | 12,727 | 12,230 | ||
Deferred tax liabilities | 52,495 | 64,711 | ||
Retirement benefit liability | 13,979 | 13,905 | ||
Long-term guarantee deposits | 20,638 | 20,660 | ||
Other | 7,134 | 7,274 | ||
Total non-current liabilities | 106,976 | 118,782 | ||
Total liabilities | 211,648 | 208,989 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 18,600 | 18,600 | ||
Capital surplus | 35,453 | 35,787 | ||
Retained earnings | 642,991 | 655,086 | ||
Treasury shares | (9,098) | (9,098) | ||
Total shareholders' equity | 687,947 | 700,375 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 127,322 | 155,378 | ||
securities | ||||
Deferred gains or losses on hedges | 0 | 1 | ||
Foreign currency translation adjustment | (180) | (52) | ||
Total accumulated other comprehensive income | 127,142 | 155,327 | ||
Non-controlling interests | 5,416 | 5,516 | ||
Total net assets | 820,506 | 861,220 | ||
Total liabilities and net assets | 1,032,155 | 1,070,209 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)
(Million yen) | |||
For the six months | For the six months | ||
ended September 30,2020 | ended September 30,2021 | ||
Net sales | 174,478 | 194,950 | |
Cost of sales | 125,356 | 125,820 | |
Gross profit | 49,121 | 69,129 | |
Selling, general and administrative expenses | 40,001 | 44,788 | |
Operating profit | 9,119 | 24,341 | |
Non-operating income | |||
Interest income | 577 | 554 | |
Dividend income | 1,775 | 1,144 | |
Share of profit of entities accounted for using equity | - | 1,619 | |
method | |||
Foreign exchange gains | 7 | 1 | |
Gain on investments in investment partnerships | 284 | 320 | |
Other | 184 | 177 | |
Total non-operating income | 2,830 | 3,817 | |
Non-operating expenses | |||
Interest expenses | 175 | 205 | |
Share of loss of entities accounted for using equity | 460 | - | |
method | |||
Loss on investments in investment partnerships | 44 | 67 | |
Other | 69 | 88 | |
Total non-operating expenses | 750 | 360 | |
Ordinary profit | 11,199 | 27,797 | |
Extraordinary income | |||
Gain on sale of non-current assets | 1 | 18 | |
Gain on sale of investment securities | 10,874 | - | |
Insurance claim income | 1,328 | - | |
Grant income | 514 | 383 | |
Other | 162 | - | |
Total extraordinary income | 12,880 | 402 | |
Extraordinary losses | |||
Loss on sale of non-current assets | 1,513 | - | |
Loss on retirement of non-current assets | 1,320 | 91 | |
Loss on sale of investment securities | 11 | - | |
Loss on valuation of investment securities | 1 | - | |
Impairment losses | 16,401 | - | |
Loss on COVID19 | 3,446 | 909 | |
Other | - | 49 | |
Total extraordinary losses | 22,694 | 1,050 | |
Profit before income taxes | 1,385 | 27,149 | |
Income taxes | 7,382 | 8,699 | |
Profit (loss) | (5,997) | 18,450 | |
Profit (loss) attributable to non-controlling interests | (341) | 9 | |
Profit (loss) attributable to owners of parent | (5,656) | 18,440 |
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Nippon Television Holdings Inc. published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 06:52:03 UTC.