Financial Results Briefing for the fiscal year ended March 31, 2016

Transcription

Infocom Corporation
Financial Results Briefing for the fiscal year ended
March 31,2016
April 28, 2016
Preface
We would like to express our sincere sympathy for
those who are affected by the 2016 Kumamoto
earthquake and we hope for the early recovery
and reconstruction of the afflicted areas.
Infocom Corporation
Norihiro Takehara, President and CEO
Copyright © 2016 INFOCOM CORPORATION. All rights reserved.
2
Table of Contents
1.  Financial Results for the fiscal year ended
March 31,2016
2. Outlook for FY16
3. Major Initiatives in FY16
3
1.  Financial Results for the fiscal year ended
March 31,2016
4
FY15 Earnings Highlights (Consolidated)
(Unit: 100 million yen, ％)
FY14
FY15
Amount
Amount
YoY
Change
%change
403.0
403.1
+0.1
+0.0
36.0
（8.9）
44.2
（11.0）
+8.2
+22.8
Ordinary profit
36.9
45.5
+8.6
+23.5
Net profit
attributable to
owners of parent
21.7
7.2
- 14.4
- 66.5
79.43
26.64
- 52.79
- 66.5
10.9
3.5
Net Sales
Operating profit
(Operating margin)
Net profit per share
(yen)
ROE（％）
- 7.4
◆ Operating profit and ordinary profit increased, which meant the posting of record
highs since its listing, driven by implementation of business structural reforms,
coupled with steady performance of e-book and health IT business. On the
other hand, net profit decreased due to the extraordinary loss of 2.71 billion yen
posted for data center related business restructuring expenses.
5
Net Sales YoY Comparison
(Unit: 100 million yen)
410
403.0
Health IT
403.1
Transfer of
a US
subsidiary
380
Liquidation
of a
game
business
subsidiary Transfer of
an
e-commerce
subsidiary
and
apparel
businesses
350
Business
solution
for
corporate
customers
FY14
E-book
FY15
6
Business Areas and Segment Structure
Business Solution Group
・Hospitals
・Pharmaceutical
companies
・Health industry
・Textile makers
・Trading companies
・Pharmaceutical
wholesalers
・Cell-phone companies
・ERP GRANDIT®
Health IT
Business
Software
・Emergency contact/safety
confirmation
・Document management,
etc.
・E-book
Enterprise
Service
Management
Digital
m en t
n
i
a
t
r
e
t
En
Digital Entertainment Group
・E-commerce
・Contents delivery
for women,
music
（Note)
Focused businesses in the medium-term
business plan are indicated by boldface.
7
Business Solution Results (Consolidated)
(Unit: 100 million yen, %)
Net sales
Operating profit
(Operating margin)
FY14
FY15
Amount
Amount
YoY
Change
% Change
249.7
237.3
- 12.3
- 4.9
23.9
24.7
+0.7
+3.0
（9.6）
（10.4）
◆Net sales: Impacted by a sales decrease in the subsidiary
that was transferred in FY14, despite sales growthin the
health IT business, the primary focus of our company.
◆Operating profit: The increase was driven by sales growth
in the health IT business and changes in the sales mix,
offsetting the impact of up-front investments in new businesses.
8
Business Solution YoY Net Sales Comparison
250
249.7
237.3
Health IT
Decreased due to
transfer of a US
subsidiary and
other factors.
225
200
FY14
Business
solution
for corporate
customers
FY15
9
Digital Entertainment Results (Consolidated)
Net sales
FY14
FY15
Amount
Amount
153.3
E-Book Sales
123.9
Operating profit
(Operating margin)
12.0
（7.9）
165.7
150.7
19.5
（11.8）
YoY
Change
%Change
+12.4
+8.1
+26.8
+21.6
+7.4
+62.0
◆Net sales: E-book distribution services grew more than 20% YoY
to exceed 15 billion yen, offsetting declines in sales of the social
game and other businesses.
◆Operating profit: E-book distribution services grew and
adjustments of the social game business etc. showed an effect.
10
Digital Entertainment E-book Distribution Services Results
Net sales
80
70
60
50
40
FY13 1H
FY13 2H
FY14 1H
FY14 2H
FY15 1H
FY15 2H
11
Investment
R&D
Major Investments (100 million yen)
Equipment
(Unit:100 million yen)
Capital
40
37.0
Capital
investment
22.1
10
22.0
Equipment
investment
4.1
16.1
Hospital systems
GRANDIT-ERP
13.8
Emergency contact/ safety
confirmation systems
Others
13.8
R&D
investment
0
22.0
E-book distribution services
30
20
IoT platform companies
Nursing care companies
Southeast Asian IT companies
1.9
1.2
FY14
FY15
New technology development
(company-wide research)
1.2
Others
12
Balance Sheet (Consolidated)
March 31, 2015
(Unit: 100 million yen, ％)
Amount
Ratio
March 31, 2016
Amount
Ratio
Change
・Notes and accounts receivables +5.5
+2.6
218.1
76.5
227.5
72.0
67.1
23.5
88.6
28.0
285.2
100.0
316.1
100.0
74.0
26.0
99.2
31.4
2.0
0.7
5.4
1.7
+3.4
76.1
26.7
104.7
33.1
+28.6
Total net assets
209.1
73.3
211.4
66.9
Total liabilities and net
assets
285.2
100.0
316.1
100.0
Current assets
Non-current assets
Total assets
Current liabilities
Non-current liabilities
Total liabilities
Capital adequacy ratio
73.0％
Major factors for changes
+9.4 ・Deferred tax assets
+21.5 ・Investment securities +19.7
+30.9
+25.2 ・Accounts payable-trade
+6.5
・Data center related business
restructuring expenses, etc. +22.4
+2.3 ・Retained earnings +2.2
+30.9
66.5%
13
Cash Flow (Consolidated)
(Unit: 100
million yen)
170
・Net loss before income taxes +14.5
・Depreciation
+11.1
・Data center related business
restructuring expenses
+22.4
・Income taxes paid
- 11.0
・Others
+4.6
+41.6
・Acquisition of tangible fixed assets
- 2.4
・Acquisition of intangible fixed assets - 11.4
・Acquisition of investment securities - 19.8
・Purchase of shares of subsidiaries and
associates
- 2.0
- 35.7
135
・Dividend payments - 5.0
- 5.7
119.4
119.4
100
FY14
OCF
Cash (equivalents) balance
ICF
Financial CF
FY14 FY15 41.6
Change
Operating CF
34.6
Investment CF
- 18.3
- 35.7 - 17.4
Free CF
16.3
5.9 - 10.4
Financial CF
- 5.7
- 5.7
- 0.0
Effect of exchange
rate change on cash
and cash equivalents
1.3
- 0.1
- 1.4
Net increase
(decrease) in cash
and cash equivalents
11.9
- 0.0 - 11.9
Cash and cash
equivalents at
beginning of period
107.5
119.4 +11.9
Cash and cash
equivalents at end of
period
119.4
119.4
+7.0
- 0.0
FY15
Cash (equivalents) balance
14
Return to Shareholders
Annual dividned per share (yen)
27.5円
22.0
22.0円
16.5円
15.0
17.5
16.5
*Initial forecast:
20 yen
18.5
11.0円
5.5円
0.0円
Net profit
per share
FY11
FY12
FY13
FY14
64.78 yen
74.51 yen
73.98 yen
79.43 yen
FY15
（To be proposed to the general
meeting of shareholders）
26.64 yen
Note: The Company conduced a 200-for-1 stock split of common stock effective October 1, 2013. The annual dividend per
share and net profit per share before the share split are adjusted to figures that take into account the share split.
◆Dividend: A dividend increase of 3.5 yen is expected for the FY15
(Announced on September 29, 2015)
◆Preferential benefits for shareholders will be provided to shareholders recorded
on the shareholdersʼ register as of September 30, 2015, holding shares of one
unit or more.
15
2. Outlook for FY16
16
FY16 Full Year Outlook (Consolidated)
FY15
Net sales
Operating profit
(Operating margin)
1H
2H
187.3
215.8
12.0
32.2
FY16 Outlook
Full year
1H
2H
Full year
403.1 200.0 250.0 450.0
44.2
（6.4）（14.9）（11.0）
Change
(Full year)
%change
(Full year)
+46.9
+11.6
12.5
37.5
50.0
+5.8
+12.9
+4.5
+9.7
（6.3）（15.0）（11.1）
Ordinary profit
12.4
33.1
45.5
12.5
37.5
50.0
Net profit
attributable to
owners of parent
-11.0
18.2
7.2
7.0
23.0
30.0 +22.8 +311.8
Net profit per
share (yen)
ROE (%)
26.64
109.72
+83.08 +311.9
3.5
13.3
+9.8
17
Net Sales and Operating Profit Ratios by Segment
FY14
FY15
FY16 Outlook
Operating profit 3.6 billion
Net Sales 40.3 billion
Business
Solution
Digital
Entertainment
18
Business Solution Performance Outlook (Consolidated)
FY15
Net sales
Operating profit
(Operating margin)
FY16 Outlook
Full year
Full year
Change
%change
237.3
250.0
+12.7
+5.4
24.7
26.0
+1.3
+5.3
（10.4）
（10.4）
◆Net sales: Increased because of strong health IT and
corporate SI/package sales.
◆Operating profit: Increased after offsetting up-front
investments in new businesses.
19
Digital Entertainment Performance Outlook (Consolidated)
FY15
Net sales
FY16 Outlook
Full year
165.7
E-Book Sales
150.7
Operating profit
19.5
(Operating margin)
（11.8）
Full year
200.0
180.0
24.0
（12.0）
Change
%change
+34.3
+20.7
+29.3
+19.4
+4.5
+23.1
◆Net sales: Target 18 billion yen for e-book distribution
services.
◆Operating profit: Achieve a profit increase by growth of
the e-book distribution service business.
20
Investment Plan
R&D
(Unit:100 million yen)
Equipment
Major Investments
25
E-book distribution
services
19.4
20
15.0
Hospital systems
Equipment
investment
15
17.1
10
FY15
Actual
IoT
17.1
Others
5
0
GRANDIT-ERP
Comprehensive regional
care
13.8
1.2
(100 million yen)
2.3
FY16
R&D
investment
New technology development
(company-wide research)
2.3
Others
Outlook
21
Return to Shareholders
Annual dividned per share (yen)
31.3円
25.0円
18.8円
16.5
17.5
18.5
22.0
25.0
12.5円
6.3円
0.0円
Net profit
per share
FY12
FY13
FY14
74.51 yen
73.98 yen
79.43 yen
FY15
FY16
（To be proposed to the
（Forecast）
general meeting of shareholders)
26.64 yen
109.73 yen
Note: The Company conduced a 200-for-1 stock split of common stock effective October 1, 2013. The annual dividend per
share and net profit per share before the share split are adjusted to figures that take into account the share split.
◆Dividend: Interim dividend, year-end dividend and total annual dividend for
FY16 are forecasted to be 10 yen, 15 yen, and 25 yen, respectively.
◆Preferential benefits for shareholders will be provided to shareholders
recorded on the shareholdersʼ register as of September 30, 2016, holding
shares of one unit or more.
22
3. Major Initiatives in FY16
23
Three Focused Businesses
Digital
Entertainment
Health IT
GRANDIT-ERP
・E-Book
・Hospitals
・Pharmaceutical companies
・New service development
・ERP package
(Integrated business software package)
24
Digital Entertainment
Digital Entertainment Copyright © 2016 INFOCOM CORPORATION. All rights reserved.
25
Digital Entertainment E-Book Distribution Service Initiatives
Net Sales
200
Actively aired TV commercials,
established the Mecha Comic
brand, and expanded general
comics.
Shifted from product lineups of
preference to enhanced lineups
of general comics.
150
Got back on a growth track,
due to expansion from
cellphones to smartphones.
100
50
FY2012
FY2013
FY2014
FY2015
FY2016
Outlook
26
Digital Entertainment Effects of TV Advertisements
TV commercials led to the top-level recognition and likability.
Likability of
commercials
Brand recognition
Rakuten Kobo
Mecha Comic
Kindle Store
Yahoo! Book Store
comico
Mecha Comic
Manga Box
Line Manga
Manga Kingdom
Line Manga
Shonen Jump +
Renta!
Jump +
DMM Comics
Renta!
comico
Comic Seemore
0
10
20
30
40
Manga Box
ebookjapan
Booklive
0
200
400
600
Brand Recognition: August 2015 name recognition
comparison, parameter of 1,854
Likability of commercials: unaided recall of favorite
commercials, parameter of 3,000
(research by CM Data Bank)
27
Digital Entertainment Strategies for E-book
Focus on winning new members by leveraging the high recognition of the service.
Readers
Recognition
Light users
TV ads
Reader base of
comics of
preference
Motivating
・Enhance web
ads
・Strengthen SEO
measures
・Diversify
Web系
payment
methods
・Improve the
landing page
Action
Joining
28
Health IT
Health IT Copyright © 2016 INFOCOM CORPORATION. All rights reserved.
29
Health IT Initiatives
◆Medical IT to healthcare services
Corporate fund for business facilitation
New business creation program for health IT
New business
Regional medical care,
nursing care, health
Digital Health Connect
Tools
×
Technical fields
・IoT
・Wearable
・Big data
Total sleep services
Teijin
Support services for athletes
■Athlete stories
Existing business
Hospitals and
medical institutions
■Sending images from ambulances
■Surgery support
→ Distribution of images during surgeries, handling of
hospital wards for patients with severe illness/injuries
■Nurse division management → Training support, scheduling
■ Radiological images, medical images
■ Treatment information management
■ Drug information management
30
Health IT Initiatives
■Enable management of
wide-ranging medical
information
Radiology
Medical information
information system
management system
(RIS)
Medi-Bank
■Faster
（PC screen example）
■Record and distribute
high-definition video
data
High-definition video
archiving system
「V-Station」
→ Effective use for
remote medical care
in the future
31
GRANDIT-ERP
GRANDIT-ERP Copyright © 2016 INFOCOM CORPORATION. All rights reserved.
32
GRANDIT-ERP Initiatives
Package
software
through
alliance
Alliance partners:20 firms
Consolidation
package
Business support
package
Personnel
evaluation
package
Business partners: 43 firms
Development
and sales
Alliance
partners
Canon IT Solutions Inc.
Hitachi Solutions, Ltd.
Consortium of 14 firms
NTT Comware Corporation
Panasonic Information Systems Co., Ltd. NEC Nexsolutions, Ltd.
Infrastructure
General parters:３ firms
◆Expand and enhance software by alliance and add development/sales
partners.
◆Respond to the My Number regulations.
33
New Initiatives
New Initiatives
34
New Initiatives
Establish a dedicated organization to accelerate business creation.
Business creation tool
Technical area
IoT
Open innovation
➢  Start-up program
➢  Business expansion into
the USA and Asia
➢  Facilitating mergers and
acquisitions
◆Digital Health Connect
・Hold a competition for senior
healthcare service providers.
◆Athlete stories
・Start distributing apps for trainers.
➢  Marketing, technology
research
➢  Partner search
➢  Provision of solutions to
general firms
◆Business alliance with Afero
◆Starting joint research for
supporting fisheries
◆Overseas accelerator program
Bossiness area
Comprehensive
regional care
➢  Planning and facilitating
businesses in the area of
nursing care services
◆ Business alliance with
Solasto Corporation
⇒coordinate and improve
efficiency in medical/
nursing care
◆Facility information search
services
◆Regional web communities
35
Open Innovation
Business synergies
Japan
U.S.
Innovation
(business,
technologies)
Venture
firms
Search and invest
Infocom Fund
◆We aim to achieve global-level commercialization of new businesses,
leveraging the fund.
Established in US Silicon Valley, the 2-billon yen fund searches and finds
new businesses that have the potential to expand globally, and spurs
new business areas. The fund invested in 20 firms.
36
Open Innovation
◆We launched the Acceleration Program for supporting
start-ups in Indonesia, where the use of information
technologies is spreading rapidly along with the
economic growth, jointly with Capital Fenox Venture.
37
IoT
Aim to achieve early commercialization by conducting research on needs and
technologies through projects.
Examples of project participation
Customer apps
IoT fishery support (joint research)
Develop a platform for distributing
marine information, aiming to improve
productivity of the fishing industry.
IoT platform
Data
Development
Data analysis
accumulation
support
IoT data
marketplace
Experimental tests of
environmental monitoring
Monitor office environment data,
aiming to create new services, such as
controlling ventilation and energy.
Cloud platform
Working together and supporting Teijin
Networks
Sensor
Integration
device
End-to-end
and secure
IoT platform
Smartphone
Wearables, piezoelectric fabrics
Supporting disaster-relief operations
Monitor biological information at
disaster-relief sites, aiming to manage
safety of rescuers
(e.g., body temperature, falling down
detection.)
38
Comprehensive Regional Care
Promote projects toward creation of new businesses.
Nursing care network
Medical Network
Comprehensive
support center
Core hospital
Recovery stage
rehabilitation
(i) Solasto Corporation project
・Introduction of information technologies to
Regional
coordination office
Care manager
office
Pharmacies
Home care
nursing care facilities
Facility care
(ii) Net Business project
・Examining services for care managers/hospitals
Clinics
Visiting care
Local residents
Coordinate with
39
Comprehensive Regional Care Operations/Capital Alliance
（Reference) Overview of Solasto Corporation and Alliance Objectives
Number of employees: 24,406（as of March 2015) / Net sales: 60.1 billion yen（2014 results） Medical services
• 
Business
overview
• 
• 
No. 2 in the industry after Nichii
Gakkan Company
45 offices across Japan for dispatching
medical processors
More than 500 health information
management professionals
Nursing care services
• 
• 
More than 200 facilities located mainly
in large metropolitan areas
Nichii Gakkan and Solasto are the only
companies engaged in both medical and
nursing care services.
（Alliance objectives) To identify issues of nursing care sites and commercialize
businesses in the area of regional comprehensive care.
Alliance
overview
• 
Mutually cooperate in
business activities at
hospitals.
• 
• 
Develop systems that contribute to
operational efficiency.
Jointly conducts tests and validations
on new services.
40
Business Structural Reform Data Center Service
◆End the provision of services using the Shin-Yokohama Data Center
owned by the Company by the end of June 2017.
→ Continue to provide services by using data centers of other companies.
[Environmental changes]
Technological
changes
Development of
data and network
virtualization
Changes in
customer needs
Heightened disaster
recovery awareness
(After 3.11 earthquake)
Commoditization of data centers
[Temporary charges]
・Approx. 2.7 billion yen
(Breakdown)
Business restructuring expenses
2.5 billion yen
Impairment loss
0.2 billion yen
[Overview of ShinYokohama Data Center］
・Location: Northern Yokohama
(About 7 km from the central area)
・Building: building dedicated to data
center
・Completion: 1993
・Structure: SRC anti-seismic structure
・Area: site area
7,663 m2
building area 2,863 m2
floor area
13,045 m2
41
This document is provided for the purpose of providing information about the Company and its performance,
not for the solicitation of investments in securities issued by the Company. In addition, there may be some
management indicators, amount changes, or percentage changes that differ from the figures stated in this
document because the figures in this document are shown in units of 100 million yen. This document is
created on the basis of data that was current as of March 31, 2016, except for some data. The names of the
companies, services ,and products stated in this document are trademarks or registered trademarks of the
respective companies. The opinions and forecasts included in this document are judgments of the Company as
of the date of preparation, and the Company does not guarantee the accuracy or completeness of the
information, which might change as new data becomes available.
Infocom Corporation
Contract
information
Shinya Tanaka,
Head of Corporate
Communications Office
TEL：03-6866-3160
42

Financial Results Briefing for the fiscal year ended March 31, 2016

Transcription

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