tv asahi

２０１４年３月期
FYE
March 31, 2014
第２四半期
Second Quarter Results
決算説明会
2013年11月7日
November
7, 2013
Hiroshi Hayakawa
President
Transition to
Certified Broadcasting Holding
Company Structure
Purpose
Drastic Environmental Change
next-generation smart TV, Internet media, 4K/8K super high vision broadcasting, etc.
Completion of the integrated operating structure
for terrestrial, BS and CS broadcasting
By undertaking organic collaboration,
maximizing content, media and enterprise value.
Expansion into new businesses
Corporate structure that enables expeditious pursuit of joint
ventures, capital tie-ups, and other various alliances.
Becoming one of
Japan’s Top Contenｔ Business Enterprises.
4
TV Asahi Holdings Group
Organization Chart
TV Asahi
Holdings
Corporation
holding100％
TV Asahi
Corporation
Asahi Satellite
Broadcasting, Ltd.
CS One Ten, Ltd.
BS Asahi Sounds, Ltd.
Group Companies
TV Asahi Productions
TV Asahi Service Co., Ltd.
TV ASAHI MUSIC CO., Ltd.
VIDEO PACK NIPPON CO., LTD.
FLEX Co., Ltd.
Japan Cable Television, Ltd.
SHIN-EI ANIMATION Co., Ltd.
HOSOGIJYUTSUSHA CO., LTD.
ROPPING LIFE Co., Ltd.
TAKESYSTEMS Co., Ltd.
TRUST NETWORK INC.
TV Asahi Create corporation
TV ASAHI AMERICA, Inc.
TV Asahi Ask Co., Ltd.
TV Asahi mediaplex
corporation
TV Asahi BEST Co., Ltd.
TOEI ANIMATION Co., Ltd.
Bunkakobo, inc.
Media Mix Japan Co., Ltd.
Equity-method affiliates
5
Topics for 1H
FY2014 1H Viewer Ratings
No. 2 in Golden Time and All Day, 0.2 points behind the ratings leader
1H Viewer Ratings (Apr.1-Sept.29)
TV Asahi
NTV
TBS
Fuji TV
TV Tokyo
All Day
②
7.6
+0.1
①
7.8
+0.1
④
6.3
-0.2
③
6.9
-0.3
⑤
2.8
-0.1
Golden
Time
②
11.4
-0.4
①
11.6
-0.3
④
9.9
+0.7
③
10.4
-0.7
⑤
6.9
+0.4
Prime
Time
①
11.7
-0.5
②
11.6
-0.1
④
9.9
+0.6
③
10.7
-0.4
⑤
6.5
+0.3
Prime 2
①
8.0
±0.0
②
6.3
+0.6
④
4.5
-0.3
③
5.4
-0.4
⑤
2.7
±0.0
Note: Numbers in circle refers to ranking among commercial stations.
（Source：Video Research）
7
Advertising Revenue
(mm of yen)
FY2013 1H
FY2014 1H
(Apr-Sept, 2012)
（Apr-Sept, 2013）
YoY
YoY(%)
Time Sales
45,178
43,215
△ 1,963
△
4.3%
Spot Sales
44,658
49,207
＋ 4,549
＋
10.2%
Advertising Revenue
89,836
92,422
＋ 2,585
＋
2.9%
Time Sales
(Regular Programs)
 Achieved unit price increase for programs including Kanjyani no
Shiwake∞ and London Hearts, variety programs with high viewer ratings
(One-off Programs)
 Despite a decrease reflecting the absence of The London 2012 Olympic
Games and other programs aired in the previous fiscal year, achieved
high-value sales for programs such as Barcelona 2013 15th FINA World
Championships and 2014 FIFA World Cup Brazil™ Final Asian Qualifiers
8
Advertising Revenue
（％）
Share in the Tokyo Spot Sales Market
Spot Sales
new record  1H Tokyo Market Share ２３.３％
（estimate）
high
（＋１.６ YoY）
23.3％
 Achieved record-high share on a
half-year basis
 Attained revenue increase due to
GRP boost from high viewer ratings
and unit price increase
（estimate）
FY2011
FY2012
FY2013
FY2014
9
Next-Generation TV Viewing Initiative
Spearing Fish with Mr. Hamaguchi! Desert Island Survival Zero-yen Game
 In the Yoiko no Mujinto Zero Yen Seikatsu five-hour special program broadcast on Sept. 1, there
were fifteen program check-in opportunities, and
photos.
participants snapped
 The game promoted continuous viewing of the program and contributed to high viewer ratings for the
five-hour special.
On-screen captions appeared
during the program to indicate
the opportunity to “fish.” By
snapping photos of the fish on
the TV screen using their
smartphones, viewers were able
to catch the same fish as Mr.
Hamaguchi on their smartphones.
10
Integrated Programming Strategy
Implementation of an integrated operating structure for
Terrestrial, BS, and CS broadcasting
Comprehensive programming that takes advantage of the
characteristics of each platform
IBAF 18U BASEBALL
(Barcelona 2013
15th FINA World
Championships)
WORLD CUP
TAICHUNG 2013
（7/20-8/6）
Terrestrial

Terrestrial
（8/30-9/8）

Unscheduled live broadcast following Japan’s
advancement to the finals
Live broadcasts of synchronized swimming
qualifiers
Water polo, diving, etc. aired only on BS

Live broadcasts of the final round
ＣＳ

Live broadcasts of swimming qualifiers

Live broadcasts of synchronized swimming and
swimming finals
ＢＳ



ＣＳ
Live and recorded broadcasts of the preliminary
rounds
Recorded broadcasts of the final round
11
Non-advertising revenue/profit
Special Events
 tv asahi
th anniversary
「tv asahi★DREAM FESTIVAL 2013」
Enthusiastic performances from 20 artists over a four-day period,
with each day a smashing success
tv asahi
th anniversary
「Masterpieces of French Paintings from the
State Pushikin Museum of Fine Arts, Moscow」
Total attendance of 340,000, the highest daily average number of
visitors at the Yokohama Museum of Art in the past five years
Oversea Businesses
 Joint development of program formats for oversea
markets with Warner Brothers
Stage 1: Start of broadcasting of Everything’s Race in Thailand
Stage 2: Broadcasting of No Brainer in the Netherlands
12
Results for 1H of FY2014
Consolidated
(mm of yen)
Net Sales
FY2013 1H
FY2014 1H
(Apr-Sep, 2012)
(Apr-Sep, 2013)
YoY
YoY(%)
＋ 7,142 ＋
124,136
131,279
Operating Income
5,001
9,663
＋ 4,662 ＋ 93.2％
Recurring Profit
6,114
10,850
＋ 4,736 ＋ 77.5％
Net Income
3,208
5,593
＋ 2,384 ＋ 74.3％
FY2013 1H
FY2014 1H
(Apr-Sep, 2012)
(Apr-Sep, 2013)
Non-Consolidated
(mm of yen)
Net Sales
YoY
5.8％
YoY(%)
＋ 2,346 ＋
106,728
109,074
Operating Income
2,610
6,276
＋ 3,666 ＋ 140.4％
Recurring Profit
4,291
8,532
＋ 4,240 ＋ 98.8％
Net Income
2,656
4,856
＋ 2,199 ＋ 82.8％
2.2％
13
Plans for 2H
Special-feature Programs
for autumn programming season
「Aibou(Partners) season12」（WED, 9pm）
 Average viewer ratings for four episodes:
18.3% The Program ranks third in autumn
programming season drama viewer
ratings.
 The decision to release Partners: The
Movie III during 2014 Golden Week.
「Doctor-Ｘ」（THU, 9pm）
 Average viewer ratings for three episodes:
21.6%The Program ranks first in autumn
programming season drama viewer ratings.
 The long-awaited second season of Doctor X,
which had first season average viewer ratings
of 19.1% The program ranked first in 2012
commercial broadcaster drama viewer ratings.
 The Grand Prix Final of Figure Skating will attract
attention as the culmination of events leading up
to the Sochi Olympics.
 The finals will be held in Japan (Fukuoka) for the
first time in four years.
15
Special-feature Programs
for autumn programming season
｢ｔｖ asahi 55th anniversary 55hours TV｣
11/29（Ｆｒｉ）～12/9（Mon)
 Prime time and the 11 p.m. timeslot
Special programming extending 5 hrs x 11 days = 55 hours
 A deluxe lineup featuring a special drama on consecutive
nights, figure skating finals, and a popular late night variety
programs
11/29（FRI）
6:53pm
「Music Station 3H ＳＰ」
11/30（SAT）
6:56pm
「Kanjyani no Shiwake ∞ 2H ＳＰ」
11/30（SAT）
Special Drama「Olympic no Minoshirokin 」for two nights in a row
・12/1（SUN） 9:00pm
12/5（THU）～
Broadcast on golden time
12/8（SUN）
9:00pm
「Grand Prix Final of Figure Skating in Fukuoka」
「Sunday Foreign Film Theater ”Pirates of the Caribbean: On
Stranger Tides”」
16
Viewer Ratings
2013 Full Year
(Dec. 31,2012-Nov. 3, 2013)
TV Asahi
NTV
TBS
②
7.8
+0.2
①
⑤
2.9
±0.0
Golden
Time
①
12.0
-0.1
① 12.0 -0.4 ④ 10.1 +0.7 ③ 10.5 -1.1 ⑤
6.9
+0.4
Prime
Time
①
12.3
6.5
+0.3
Prime2
①
8.3
2.8
+0.1
±0.0 ②
11.9
②
6.2
+0.2
-0.3
6.5
-0.1
③
TV Tokyo
ALL DAY
8.0
±0.0 ④
Fuji TV
6.9
④ 10.0 +0.5 ③ 10.7 -1.0 ⑤
+0.3 ④
4.6
-0.2
③
5.3
Autumn Programming Season
TV Asahi
-0.6
NTV
⑤
(Sept. 30, 2013-Nov. 3, 2013)
TBS
Fuji TV
②
7.7
+0.1
①
+0.2 ⑤
2.9
+0.1
Golden
Time
①
12.7
-0.2
① 12.7 ±0.0 ④ 10.0 +0.7 ③ 10.7 -0.6 ⑤
7.0
+0.3
Prime
Time
①
12.8
⑤
6.6
+0.2
Prime2
①
7.4
+0.1 ⑤
2.5
-0.3
6.0
-0.4
③
TV Tokyo
ALL DAY
8.1
+0.3 ④
-0.8
7.3
±0.0 ②
12.6
+0.4 ④
9.6
+0.1 ③
11.1
②
6.5
+0.8 ④
4.4
+0.1 ③
5.6
-0.7
-0.5
17
Note: Numbers in circle refers to ranking among commercial stations.
(Source: Video Research)
Advertising Revenue
FY2014 Outlook
1H
2H
Annual
Time Sales
△ 4.3％
△0.8％
（unchanged）
△2.6％
Spot Sales
＋10.2％
＋3.5％
（unchanged）
＋6.6％
Time Sales
 Striving to boost unit prices of regular programs, mainly prime time programs
with high viewer ratings, and raise the regular base level
 For one-off programs, striving to boost revenue by focusing on sales of
appealing major one-off sports programs such as Figure Skating Grand Prix
Series
Spot Sales
 Aiming for more increase in spot sales in the second half by skillfully
capitalizing on last-minute demand before the consumption tax
18
increase
Non-advertising revenue/profit
Special Events
tv asahi
th anniversary
（11/18・19・21）
PAUL McCARTNEY 「OUT THERE JAPAN TOUR in Tokyo」
Long-awaited Paul McCartney Japan tour, the first in 11 years
tv asahi
th anniversary
「tv asahi Nandemo Classic 2014」 （2/6～11）
A classical music festival with 23 performances over six days
before a total audience of 30,000
Investment in Motion Pictures
tv asahi
th anniversary
「ＴＲＩＣＫ The Movie, LAST STAGE」
Final episode of the popular TRICK series
（1/11）
A magnificent movie appropriate for the culmination
of the series
© 2014 TRICK The Move, Last Stage Production Committee
19
Completion of Gochan Square
 EX Tower
Occupied by seven affiliates
Also used as supplemental space for TV
Asahi Headquarters
 Terrestrial-BS integrated master room
Planned sequential start of operation
from December
BS Asahi to move to Roppongi
 EX Theater Roppongi
A multipurpose hall suitable for
everything from concerts to plays and
program recording
など
20
Multi-purpose hall
”EX THEATER ROPPONGI”
 November 30 grand opening
 From the grand opening until March,
a star-studded lineup possible only
by TV Asahi, including B’z and
GLAY, is planned.
21
Outlook for FYE March 31, 2014
Consolidated
Previous Outlook
(mm of yen)
（7/31）
New Outlook
（10/3）
Difference Difference(%)
260,000
262,000
＋2,000
＋ 0.8%
Operating Income
14,000
15,500
＋1,500
＋10.7%
Recurring Profit
15,500
17,200
＋1,700
＋11.0%
8,700
9,700
＋1,000
＋11.5%
Net Sales
Net Income
Non-Consolidated Previous Outlook
(mm of yen)
（7/31）
Net Sales
＋1,500
＋ 0.7%
8,800
10,300
＋1,500
＋17.0%
11,000
12,700
＋1,700
＋15.5%
6,500
7,500
＋1,000
＋15.4%
Net Income
Spot
Difference Difference(%)
223,500
Recurring Profit
Time
（10/3）
222,000
Operating Income
Previous
New Outlook
1H
2H
Annual
△ 5.3%
+ 7.5%
△ 0.8%
+ 3.5%
△ 3.1%
+ 5.4%
New
Time
Spot
1H
2H
Annual
△ 4.3%
+ 10.2%
△ 0.8%
+ 3.5%
△ 2.6%
+ 6.6%
Annual
Production Cost
82.1 bn
Annual
Production Cost
82.3 bn
22
Masaya Fujinoki
Executive Director,
General Manager of Corporate Strategy Division
Sales and Income by Segment
(Consolidated)
(mm of yen)
FY2013
1H
FY2014
1H
(Apr-Sept, 2012)
(Apr-Sept, 2013)
109,277
112,463
YoY
＋3,186
YoY(%)
＋
OP
3,775
7,855
＋4,079
＋108.1%
Music
Publication
Business
Net Sales
3,821
8,105
＋4,283
＋112.1%
625
1,199
＋ 573
＋ 91.6%
16,940
16,667
△ 272
△
1.6%
647
634
△
13
△
2.1%
Net Sales
△ 5,903
△ 5,957
△
53
＋
0.9%
OP
△
△
＋
22
△ 47.9%
Net Sales
124,136
131,279
＋7,142
5,001
9,663
＋4,662
Net Sales
OP
Adjustments
Amounts reported
on consolidated
financial statements
OP
46
24
131.2
＋
5.8%
＋ 93.2%
△0.2
+3.1
Increase
in Music
Publication
2.9%
Net Sales
Other
Businesses
(bn of yen)
Decrease in
Other
Businesses
Adjustments
TV Broadcasting
Business
OP
+4.2
124.1
Increase
in TV
Broadcasting
Net Sales
+0.5
+4.0
Decrease in
Other
Businesses
Increase
in Music △0.01
Publication
(bn of yen)
9.6
Adjustments
5.0
Increase
in TV
Broadcasting
Operating Income
24
TV Broadcasting Business
(mm of yen)
FY2013
1H
FY2014
1H
(Apr-Sept, 2012)
(Apr-Sept, 2013)
YoY
YoY(%)
109,277
112,463
＋3,186
＋
2.9%
Network Time
45,178
43,215
△ 1,963
△
4.3%
Spot
44,658
49,207
＋ 4,549
＋ 10.2%
6,464
6,581
＋
117
＋
1.8%
12,976
13,458
＋
482
＋
3.7%
3,775
7,855
Net Sales
Sales of Programs
Other
Operating Income
＋4,079
＋108.1%
 Although time advertising revenue decreased, spot advertising
sales rose sharply, backed by high viewer ratings.
 Other revenue increased due to factors including the impact of
subsidiaries.
25
Time Sales Revenue
(mm of yen)
Time Sales
1Q
2Q
1H
FY2013
FY2014
YoY
YoY(%)
22,201
22,977
21,527
21,688
△ 673
△ 1,289
△ 3.0%
△ 5.6%
45,178
43,215
△ 1,963
△ 4.3%
 Revenue from regular programs
increased as a result of unit price
increases centered on variety programs
with high viewer ratings.
 Revenue from one-off programs
decreased, reflecting the absence of
The London 2012 Olympic Games and
other programs aired in 1H FY2013,
despite high-value sales of Barcelona
2013 15th FINA World Championships
and other programs.
(％)
Year on Year Growth
FY2012
FY2013
FY2014
26
Spot Sales Revenue
(mm of yen)
Spot Sales
1Q
2Q
1H
FY2013
FY2014
YoY
YoY(%)
24,916
19,741
26,888
22,318
＋ 1,972
＋ 2,577
＋ 7.9%
＋ 13.1%
44,658
49,207
＋ 4,549
＋ 10.2%
1H Tokyo market share
23.3％
（Last 1H share）
21.7％
Note: Share figures are estimated figures.
 Backed by high viewer ratings, a
sharp increase in share was
achieved.
 Market share of 23.3% represents
the highest share on a half-year
basis.
Year on Year Growth
(％)
40
30
20
10
0
Apr
-10
2012
Jul
Oct
Jan
Apr
Jul
2013
27
Program Production Costs
（non-consolidated)
FY2013
FY2014
1Q
20,190
20,025
△
165
△
0.8%
2Q
21,678
20,067
△ 1,610
△
7.4%
41,868
40,092
△ 1,775
△
4.2%
(mm of yen)
1H
3Q
20,341
4Q
20,670
2H
41,011
Annual
82,879
YoY
YoY(%)
Major Differences YoY
 Production costs decreased in the absence of major sports programs
aired in 1H FY2013, such as The London 2012 Olympic Games and
2014 FIFA World Cup Brazil™ Final Asian Qualifiers.
28
Music Publication Business
FY2013 1H
FY2014 1H
(Apr-Sept, 2012)
(Apr-Sept, 2013)
(mm of yen)
Net Sales
Operating Income
 Sales and income
increased sharply due to
national tours of
KETSUMEISHI, SHONAN
NO KAZE and SONAR
POCKET affiliated with TV
ASAHI MUSIC.
 Merchandise sales at tour
venues were favorable.
YoY
YoY(%)
3,821
8,105
＋ 4,283
＋ 112.1%
625
1,199
＋
＋ 91.6%
KETSUMEISHI’s
national tour
573
SHONAN NO KAZE’s
10th Anniversary Live Event
29
Other Businesses
(mm of yen)
FY2013 1H
FY2014 1H
(Apr-Sept, 2012)
(Apr-Sept, 2013)
YoY
YoY(%)
16,940
16,667
△ 272
△ 1.6%
Shopping
3,438
4,061
＋ 622
＋18.1%
CS
2,116
2,144
＋
28
＋ 1.3%
Special Events
1,959
1,833
△ 126
△ 6.4%
Internet Related
1,536
1,708
＋ 171
＋11.2%
Investment in
Motion Pictures
1,047
905
△ 141
△13.5%
981
888
△
93
△ 9.5%
647
634
△
13
△ 2.1%
Net Income
Including but not limited to
DVD
Operating Income
 The Shopping and Internet Related businesses were revenue growth drivers.
 Sales decreased due to the impact of factors including a YoY decrease in
major events in the Special Events business.
30
Major Other Businesses
Major Other Businesses
（mm of yen）
Major Other Businesses
Shopping
Revenue increased on favorable sales of TAPING SPATS (leggings), jewelry from department stores, and other
products.
CS
The brand images of the two channels operated by TV Asahi were integrated. Revenue rose slightly on factors
including an increase in the number of subscribers.
Special Events
Although sales decreased due to fewer major events than in FY2013, profit increased as a result of careful
examination of events with an emphasis on profit margin.
Internet Related
Sales increased on favorable results from Tele Asa Douga and other video-related items.
Investment in
Motion Pictures
Sales decreased on sluggish growth in revenue from secondary use of Rider- and Sentai-related content, despite
strong performance from Crayon Shin chan THE MOVIE and other movies.
ＤＶＤ
Sales decreased in the absence of Momoiro Clover-related revenue recorded in 1H FY2013, despite the
contribution from the movie Kita no Canaria-tachi and other content.
31
Capex and Depreciation
FY2014 1H Results
(Apr-Sept, 2013)
(bn of yen)
Consolidated
Non
consolidated
FY2014 Annual Outlook
(Apr 2013 – Mar 2014)
Consolidated
Non
consolidated
Capex
4.5
4.2
18.9
17.7
Depreciation
4.5
4.1
9.8
9.0
32
Dividend per Share
(yen)
End of 2Q
End of FY
Common Dividend
Common Dividend
Special / Commemorative
Dividend
FY2012
1,000
1,000
－
FY2013
1,000
10
10
10
FY2014
（Outlook）
10
（Special)
10
（Commemorative)
Note: Effective October 1, 2012, TV Asahi Corporation conducted a 1:100 share split.
The figure for the dividends per share before at the end of the second quarter of the fiscal
year ended March 31, 2013 shows the amount of the actual dividend distributed before the
share split.
33
(Reference Materials)
Spot Industry Information
Utilities
Foods
Pharmaceuticals
Cosmetics & Detergents
Clothing
Publishing
Construction & Engineering
Hi-Tech Precision Equipment
Consumer Electronics
Automobiles
Homeware
Housing & Housing Materials
Retail
Finance & Insurance
Service & Entertainment
Others
Total
FY2014 1H (Apr-Sept)
YoY
Share
91.2%
0.3%
102.8%
24.1%
92.2%
6.2%
96.2%
5.8%
93.6%
1.9%
104.5%
3.1%
187.5%
0.1%
126.1%
2.7%
85.5%
3.8%
117.2%
7.7%
134.7%
4.0%
153.9%
4.0%
99.7%
4.1%
142.6%
8.3%
113.9%
21.4%
145.8%
2.4%
110.2%
FY2013 1H (Apr-Sept)
YoY
Share
80.7%
0.3%
109.7%
25.8%
91.6%
7.4%
100.7%
6.7%
133.0%
2.3%
140.9%
3.3%
59.6%
0.1%
89.8%
2.4%
95.7%
4.9%
143.5%
7.2%
119.3%
3.3%
89.8%
2.9%
97.2%
4.5%
127.7%
6.4%
114.0%
20.7%
96.9%
1.8%
109.5%
35
Viewer Ratings Trend
（％）
Prime Time
(7pm-11pm)
Golden Time
(7pm-10pm)
Prime 2
(11pm-1am)
All Day
(6am-midnight)
（Source：Video Research）
36
Future Topics for Other Businesses①
Special
Events
11/1-12/26 Le Noir –THE DARK SIDE of CIRQUE
11/18,19,21 PAUL McCARTNEY OUT THERE Japan Tour in Tokyo
2/6-11
tv asahi Nandemo Classic 2014
10/16 Aibou(Partners) Season 11
DVD
12/20 Trick Haha no Izumi hen
12/25 Innocent Lilies
1/8
DOCTORS 2: The Ultimate Surgeon
12/14 A Tale of Samurai Cooking
Investment In
Motion
Pictures
12/14 KAMEN(Masked) RIDER GAIM&WIZARD
1/11
Trick The Movie, LAST STAGE
1/25
THE LITTLE HOUSE
37
Future Topics for Other Businesses②
【EX THEATER Opening Series】
11/30
B’z
12/14
ＣＳＳ
12/1
Tamio Okuda
12/15
Kenichi Asai
12/2
ＧＬＡＹ
12/16,17
Shinosuke Rakugo
12/3
9mm Parabellum Bullet
12/21
12/4
Dragon Ash
Haruomi Hosono ×
Ryuichi Sakamoto
12/5
Porno Graffitti
12/22
Haruomi Hosono
12/6
KETSUMEISHI
12/26
Chie Ayato
12/7
SONAR POCKET
12/27,28,29
Char
12/8
SHONAN NO KAZE ×
GAIMU NO KAZE
12/30
Kosetsu Minami
Shozo Ise
12/11,12,13
Elvis Costello &
The Imposters
and more...
38
Financial outlooks and other figures that are not historical facts are
based on information available at the time of announcement. Please be
informed that actual results may differ due to various factors in the
business environment. As such, actual results may differ from the
forecasts given in this document and guarantees are not made to
achieving the announced results.
For further information regarding this document, please contact:
Investor Relations, Corporate Strategy Department
TV Asahi
Tel: +81-3-6406-1111
Homepage Address: http://company.tv-asahi.co.jp/e/index.html