Orchestra : Results of Operations for the Fiscal Year Ended December 31, 2021
February 14, 2022 at 08:33 am
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Results of Operations for the Fiscal Year Ended December 31, 2021
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Contents
01 Financial Overview: FY2021
02 Earnings Forecast: FY2022
03 Business Summary/Growth Strategy
04 Appendix
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01 Financial Overview: FY2021
FY2021 Consolidated Results
Posted all-time high sales and earnings.
Due to significant increase in profits, stock compensation expenses ¥127million recorded in 3Q, considering the expected achievement of performance conditions for stock options. Cumulative operating profit before recording stock compensation expenses was ¥1,390 million (+95.4% YoY).
(Millions of yen)
FY2021
FY2020
% Change
4Q/FY2021
4Q/FY2020
% Change
Net Sales
16,640
11,825
40.7%
4,753
3,331
42.7%
Gross Profit
3,883
2,510
54.7%
1,133
752
50.7%
SG&A expenses
2,620
1,823
43.7%
777
532
46.1%
Operating Profit
1,262
686
84.0%
355
220
61.7%
EBITDA
1,512
817
84.9%
393
268
46.7%
EBITDA margin
9.1%
6.9%
2.2pt
8.3%
8.0%
0.2pt
Ordinary Profit
1,286
683
88.3%
367
220
66.5%
Profit attributable to owners parent
757
435
73.8%
237
157
50.6%
Reference: Profits before recording stock compensation expenses
Operating Profit
1,390
711
95.4%
355
245
45.0%
Ordinary Profit
1,414
708
99.6%
367
246
49.3%
Profit attributable to owners parent
884
460
92.0%
237
183
29.7%
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FY2021 Segment Results
Strong growth continued in all businesses despite the COVID-19 pandemic. Cloud integration was the main reason for the rapid growth of the DX business. Digital Marketing also continued to grow, posting all-time high sales and earnings.
Segment
FY2021
FY2020
% Change
4Q/FY2021
4Q/FY2020
% Change
(Millions of yen)
Digital Transformation(DX) business
Net sales
4,104
3,390
21.1%
1,087
938
15.9%
Segment profit
462
318
45.1%
131
119
10.5%
Digital Marketing business
Net sales
11,926
7,955
49.9%
3,487
2,263
54.1%
Segment profit
1,712
1,029
66.4%
455
287
58.7%
Posted all-time high sales and
record-high 4Q earnings
while investment in human
resources to enhance sales and
development team
Posted all-time high sales and
earnings.
Orders from current and new customers increased steadily.
Other businesses
Net sales
696
496
40.3%
211
134
57.0%
Segment profit
△ 21
△ 20
-
△ 42
△ 11
-
Losses from upfront investments in new businesses were mostly offset by earnings from Urala, an app for fortune telling chat consultations.
* Beginning in 2021, some corporate expenses that were not assigned to a business segment in prior years are now assigned to a business segment by using reasonable standards. The purpose is to
show the performance of business segments more appropriately. Earnings for 4Q 2020 have been revised for consistency with this change.
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* Net sales of each business segment include intersegment sales between the reportable segments.
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Orchestra Holdings Inc. published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 08:32:04 UTC.
Orchestra Holdings Inc. is a Japan-based company engaged in digital marketing business and life technology business. The Company operates in three business segments. The Digital Marketing segment is involved in the provision of operational advertising services, search engine optimization (SEO) consulting services and creative services. The Life Technology segment is involved in the provision of applicationâs planning, development and operation services. The Solution segment is engaged in the development of games, tool applications, and other various Web systems.