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May 22nd, 2007May 22nd, 2007
Results MeetingResults Meetingforfor
Fiscal Year 2006Fiscal Year 2006(April 1, 2006 (April 1, 2006 –– March 31, 2007)March 31, 2007)
Nippon Television Network CorporationNippon Television Network Corporation
Statements made in this presentation with respect to NTV' s current plans, strategies and beliefs as well as other statements that are not historical facts are forward-looking statements. Such forward-looking statements are based on management' s assumptions and beliefs in light of the information currently available to it. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. We do not intend to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable laws.
3
Table of ContentsTable of Contents
Financial highlights (Consolidated) ..........................P 4
Financial highlights (Non-consolidated) ................. P 06
Spot sales (Non-consolidated) ................................. P 08
Forecast for FY2007 .................................................. P 12
Programming reforms ............................................... P 15
4
Highlights of Operating ResultsHighlights of Operating Results(Consolidated)(Consolidated)
33.818,33113,700Net income
13.834,14230,014Recurring profit
6.330,34428,551Operating income
△0.9343,651346,642Net sales
%FY 2006FY 2005
(Unit : Millions of yen)
NTV, a non-consolidated company, increased both sales and profits.VAP had excellent DVD sales, such as DEATH NOTE, and increased profit; however, total net sales slightly decreased due to fewer volume of CD sales.Recurring profit and net income margin increased due to non-operating revenue and fewer extraordinary loss.
5
Cash FlowCash Flow(Consolidated)(Consolidated)
(Unit : Millions of yen)
61,52359,368Cash and equivalents at the end of March 31, 2007
△ 4,713△15,920Cash flow from financing activities
△24,596△24,358Cash flow from investing activities
31,45732,683Cash flow from operating activities
FY 2006FY 2005
6
Highlights of Operating ResultsHighlights of Operating Results(Non(Non--consolidated)consolidated)
(Unit : Millions of yen)
59.012,7268,001Net income
18.423,86320,146Recurring profit
13.320,89818,450Operating income
0.3288,636287,829Net sales
%FY 2006FY 2005
Net sales increased due to favorable sales of Events/Content business, such as movie and media commerce. Controlling programming costs led profit to increase.
7
TV Broadcasting SalesTV Broadcasting Sales(Non(Non--consolidated)consolidated)
0
50,000
100,000
150,000
200,000
250,000
300,000
FY 2005 FY 2006
Time sales Spot sales (Unit : Millions of yen)
(Unit : Millions of yen)
△ 4.7△5,314108,305113,619Spot sales
△ 2.5△3,608138,219141,828Time sales
△ 3.5△8,923246,524255,448Total
%DecreaseFY 2006FY 2005
△ 2.2△1,22754,82756,055Spot sales
△ 1.8△1,31970,24971,568Time sales
△ 2.0△2,546125,076127,623Total
%DecreaseFY 2006
(Oct .– Mar.)
FY 2005
(Oct. – Mar.)
Million
8
Spot Sales by IndustrySpot Sales by Industry( FY2006 )( FY2006 )
0
15,000
30,000
45,000
60,000
75,000
90,000
105,000
120,000
FY 2005 FY 2006
Million
Automobile
Electronic equipment
Cosmetics/ Toiletries
Transportation/ Telecommunications
Finance
Non-Alcohol
Pharmaceutical
Sports / Hobby goods
Box-office / Entertainmemt
Other△ 9.033.39Other
100.00Total
9.73.80Box-office / Entertainment
33.84.11Sports / Hobby goods
△ 3.95.63Pharmaceutical
9.06.32Non-alcohol
△28.86.47Finance
△ 2.16.73Alcohol
4.77.72Transportation/Telecommunications
△ 8.08.20Cosmetics/Toiletries
△ 0.38.78Electronic equipment
△ 1.38.85Automobile
%Share
9
Spot Sales by IndustrySpot Sales by Industry(( Oct.2006 Oct.2006 -- Mar.2007 )Mar.2007 )
0
15,000
30,000
45,000
60,000
Oct.'05-Mar.'06 Oct.'06-Mar.'07
Million Automobile
Electronic equipment
Transportation/Telecommunication
Cosmetics/ Toiletries
Alcohol
Finance
Pharmaceutical
Sports / Hobby goods
Non-alcohol
Service
Other△ 0.635.26Other
100.00Total
3.93.52Service
1.74.35Non-alcohol
36.14.61Sports / Hobby goods
5.85.68Pharmaceutical
△ 38.55.71Finance
0.85.96Alcohol
△ 14.56.97Cosmetics/Toiletries
22.98.80Transportation/Telecommunications
△ 8.19.39Electronic equipment
1.59.75Automobile
%Share
10
Events / Content Business SalesEvents / Content Business Sales(( NonNon--consolidated consolidated ))
0
5,000
10,000
15,000
20,000
25,000
30,000
FY 2005 FY 2006
Apr.-Sep. Oct.-Mar.
(Unit : Millions of yen)
69.46,28715,3539,065Total
%IncreaseFY2006
(Oct-Mar)
FY2005(Oct-Mar)
52.79,73228,21618,484Total
%IncreaseFY2006FY2005
Million
(Unit : Millions of yen)
11
Production costsProduction costs(Non(Non--consolidated)consolidated)
0
30,000
60,000
90,000
120,000
FY 2005 FY 2006
Apr.-Sep. Oct.-Dec.
(Unit : Millions of yen)
(Unit : Millions of yen)
△ 2.2△1,23854,87756,116Total
%DecreaseFY2006
(Oct-Mar)
FY2005
(Oct-Mar)
△ 1.8△2,084110,644112,729Total
%DecreaseFY2006FY2005
Million
12
Forecast for FY2007Forecast for FY2007
(Unit : Millions of yen)
7,00012,50010,500287,000Non-consolidated
11,50021,50018,500335,500Consolidated
Net incomeRecurring profit
Operating incomeNet salesFiscal year
2,0004,0002,500137,000Non-consolidated
4,0008,5007,000161,500Consolidated
Net incomeRecurring profit
Operating incomeNet salesInterim
(Unit : Millions of yen)
13
(Ref.) Forecast for CAPEX and Depreciation(Ref.) Forecast for CAPEX and Depreciation
12.66.8FY2007
DepreciationCAPEX〈 Consolidated 〉
(Unit : Billions of yen)
10.98.9FY2009
11.59.7FY2008
11.96.3FY2007
9.66.0FY2011
10.58.4FY2010
DepreciationCAPEX〈 Non-consolidated 〉
(Unit : Billions of yen)
14
ProgrammingProgramming
Programming reformsProgramming reformsCreate programming schedule that will gain high viewer ratings and increase profitability through four major reforms within two years.
*October 2006 Introduced “News ZERO” in 23:00 time slot
*April 2007 Golden and Prime time slots Changing 36% of Prime time slots
*October 2007 Non-prime time slots
*April 2008 Prime and Golden time slots (part 2),Supplement all time slots
15
■Successful strengthening of prime time slotsSaturday 19:00 "Tensai! Shimura Zoo" and Sunday 20:00 "Sekai no Hatemade Itte Q"
■Dramas"Bambino! " and "Kui-Tan2" are earning favorable viewer ratings.
■New variety programsFirmly establish viewership through stronger PR strategy.
■Strategic holiday weekBroadcast of special programs and steady ratings of regular programs during April 30 to May 6 (Japanese holiday week) → Earned quadruple crown title for viewer ratings
Programming reformsProgramming reforms(overview of April reforms)(overview of April reforms)
16
Programming strategyProgramming strategy
October reforms: nonOctober reforms: non--prime time slotsprime time slots・Overhaul of weekday across-the-board programming・Improve flow of viewer ratings on weekend mornings and
afternoons・Strengthen "News ZERO" in 23:00 time slot
Shore up weakness of prime timeShore up weakness of prime time・To delete programs with single-digit viewer ratings
【【New challengesNew challenges】】
*Sports▪ September・・・Rugby World Cup 2007▪ October・・・Pro Baseball game “CLIMAX SERIES"▪ December・・・FIFA Club World Cup Japan presented by TOYOTA
*”24-Hour Television”▪ Special programs for its 30th anniversary
*Create new media value▪ Coordination of "1-SEG" with regular programs
17
Movie businessMovie businessSuccess of "DEATH NOTESuccess of "DEATH NOTE““Generate maximum revenue through multiuse of movies, terrestrialbroadcasting, DVDs and program sales overseas
Movie Movie ““DEATH NOTEDEATH NOTE””・Prequel and sequel box-office revenue totaling over 8 billion yen・Just four months after its movie release, “DEATH NOTE” prequelshown on terrestrial broadcasting earned viewer rating of 24.5%・Sales of DVDs from VAP about 1 million copies1 million copies
・Flood of overseas offers, especially from Asian countries
Main lineup for FY2007Main lineup for FY2007・・Tokyo TowerTokyo Tower ・・・From Apr. 14・・Maiko Maiko HaaaanHaaaan!!! !!! ・・・From Jun. 16・・ALWAYSALWAYS-- SunsetSunset onon ThirdThird Street Street ⅡⅡ ・・・From Nov. 3・・Mari to Mari to KoinuKoinu no no MonogatariMonogatari ・・・From December・・LL ((DEATH NOTE spinDEATH NOTE spin--offoff)) ・・・From January
18
0
1000
2000
3000
4000
5000
6000
7000
FY2005 FY2006
Media commerce businessMedia commerce businessSales from non-consolidated media commercebusiness (FY2006)
Sales 5.7 billion yen (triple increase)
Increase of program airtime to improve visibilityIncrease of program airtime to improve visibility• RADICUL×POSHLET・・・Five time slots per week • POSHLET Depato Shinyaten・・・Six time slots per week• "Hidehiko Ishizuka's Zenkoku Otoriyose Special for Ochugen and Oseibo"
(special program)• Uresen・・・Friday at 16:00 from April
Well thoughtWell thought--out strategy to sell out strategy to sell popular programpopular program--related related merchandise led to sales increase.merchandise led to sales increase.*In-demand items: Tenten belt, Cowboy Little, BOJOBO Wishing Doll, HAMANO’s bag and NINTENDO DS Lite
(Millions of yen)Media commerce sales
19
【Japanese ad expenditures】
"1"1--SEG" strategySEG" strategy
Status of "1-SEG" :-Diffusion of mobile devices ⇒ More than 10 million units this summer. Further spread expected in 2008.-Possibility of starting independent "1-SEG" service from 2008.
NTV's unique "service," "programming" and "business model“⇒ “Enhances the NTV brand value"+"Pursues sponsors' merits"
Form "1-SEG Project 2007" headed by director general of the programming division.「 NTV is the frontrunner !」
・average time per viewing = 28 mins. 27 secs.・over 50% use “almost daily” and “3-4 times a week”・over 90% view more than once a week
Firmly establish position in themobile content industry
Results of “1-SEG” Research
Develop new type of special advertising based on partnership of “broadcasting x communications”
+
Source:Joho Media Hakusho
Aim to be the leading company of “1-SEG”
Salespromotion 1,956.1
1,632.4
2,043.6
NewspaperMagazine
Radio
TV
Internet
1,981.9
2,041.1
2,000.2
2,016.1
1,610.0 1,561.7
181.4 280.8 363.0
2004 2005 2006 Year
(Billions of yen)
Companies have larger sales promotion budgets
20
NTV2 business strategyNTV2 business strategy【 About NTV2 】
URL:http://www.dai2ntv.jp/
Coordinate with terrestrial program “Digital Baka2” to engage users to participate in interactive service.
<Offers popular video submission service>
・Number of monthly visitors :approx 640,000 visitors・Number of video replays per month :approx 2,100,000 times・Number of registered subscribers :over 600,000 subscribers・male/female ratio 6:4 :high ratio of females
(as of April 2007)
Gaining popularity by showing unaired and behind-the-scenes footage of various dramas and variety shows, and by further strengthening coordination with terrestrial programs.
Top page of NTV2 Website ↓
Unaired terrestrial broadcasting footage from amateur sporting events, such as Tokyo Big6 Baseball and Hakone Ekidendraw interest.
<Offers amateur sports><Original projects for the Internet>
Daily updates documenting young mountain hikers set to scale the 7 highest summits in the world with messages of encouragement submitted by viewers.
Multitude of offerings are made available because NTV operates iMultitude of offerings are made available because NTV operates its ts own website and can fully utilize its production strengths.own website and can fully utilize its production strengths.
<Original short dramas for the Internet>
Deliver original short drama, "Bambino!" which is connected with the terrestrial drama only via the Internet.