supplemental data for the consolidated financial …...consolidated financial results for the 1st...

Supplemental Data for the Consolidated Financial Results for the 1st Quarter of the Fiscal Year Ending March 2016 (FY 2015 Q1)

© 2015 Faith, Inc. All Rights Reserved.

Faith, Inc.

1 © 2015 Faith, Inc. All Rights Reserved.

Consolidated Financial Results for the 1st Quarter of the Fiscal Year Ending March 2016 (FY 2015 Q1)

FY11 1Q FY12 1Q FY13 1Q FY14 1Q FY15 1Q

Net sales 278.3 16.6 16.3 44.4 46

Operating income 7.4 2.7 1.7 (3.9) 1.6

Net income 4.3 1.9 1.8 (2.9) 0.5

-10

0

10

20

30

40

50

0

60

120

180

240

300

2

In line with the continuing expansion in sales of smartphone-use services and Nippon Columbia’s return to profitability, the Faith Group recorded net sales of ¥4,695 million, operating income of ¥164 million, and net income attributable to the shareholders of the parent company of ¥55 million.


※Net income for the current term attributable to shareholders of the parent company

Consolidated Financial Result Highlights for FY 2015 Q1

Operating income: 100 million yen

Net sales: 100 million

yen

※Following the disposal of the Company’s consolidated subsidiary WebMoney Corporation in July 2011, the Electronic Money Business was eliminated and sales revenue has not been recorded in this segment since FY 2011 Q2.

Due to the positive deployment of new services, net sales in the Content Business increased by 3.0% to ¥1,125 million. Moreover, as a result of reductions in subcontracting, advertising and promotional expenses, operating income increased by ¥32 million year on year to ¥33 million.


Net sales 1,632 1,371 1,287 1,093 1,125

Operating income 253 253 153 0 33

0

70

140

210

280

0

500

1,000

1,500

2,000


Results of the Content Business During FY 2015 Q1

Operating income:

million yen

Net sales: million yen


Net sales 481 297 352 586 571

Operating income 60 24 26 20 53

0

10

20

30

40

50

60

0

100

200

300

400

500

600

4

Although more new points were issued, eco-point sales declined following the end of the eco-point system. As a result, net sales decreased by 2.4% to ¥571 million. Also, with the shift to server management-based operation and a revision of procurement costs, operating income increased by 165.8% to ¥53 million.


Results of the Point Service Business During FY 2015 Q1

Operating income:

million yen


5

※The Columbia Business’s net sales and operating income have been included in the Faith Group’s business results since FY 2014 Q1.


Higher sales of animation-related titles and a general increase in Direct Sales Business sales boosted the Columbia Business’s sales by 8% to ¥2,998 million. The sales increase plus a steep decline in fixed costs due to career change support measures sent operating income to ¥71 million, up ¥485 million year on year.


Net sales - - - 2,765 2,998

Operating income (413) 71

-500

0

500

1,000

1,500

2,000

2,500

3,000

-500

0

500

1,000

1,500

2,000

2,500

3,000

Results of the Columbia Business During FY 2015 Q1

Operating income:

million yen



FY 2015 Q1 Consolidated Business Performance by Segment (Compared with the Previous Fiscal Year)

(Unit: million yen)

※The adjustment amount is due to the elimination of inter-segment transactions.

Year-on-year

change

Year-on-year

change (%)

Net sales 4,445 4,695 250 0

Content Business 1,093 1,125 32 0

Point Service Business 586 571 (14) 0

Columbia Business (2,765) 2,998 232 0

Operating income (391) 164 556 —

Content Business 0 33 32 —

Point Service Business (20) 53 73 —

Columbia Business (413) 71 484 —

Adjustment amount* 0 5 4 —

(386) 168 554 —

(293) 55 349 —

FY15 Q1FY14 Q1

Ordinary income

Net income attributable to

shareholders of the parent

Retained earnings, etc. 108 Retained earnings, etc.

106

Capital surplus 37 Capital surplus 37

Capital stock 32 Capital stock 32

Fixed liabilities 9 Fixed liabilities 8

Other current liabilities 48 Other current liabilities 40

Long-term loans 13

Long-term loans 12

Notes/accounts payable 11

Notes/accounts payable 9

Investments/other assets 19

Investments/other assets 20

Intangible fixed assets 27 Intangible fixed assets 27

Tangible fixed assets 30 Tangible fixed assets 30

Other current assets 22 Other current assets 18

Notes/accounts receivable 29 Notes/accounts receivable

21

Cash & deposits 131

Cash & deposits 130

0

20

40

60

80

100

120

140

160

180

200

220

240

260

2015年3月末総資産 258億円 2015年6月末総資産 244億円

Unit: 100 million yen Faith Consolidated Balance Sheet Information


Equity capital 166

(Capital ratio

68.1%)

Equity capital 169

(Capital ratio

65.5%)

FY 2015 Q1 Consolidated Balance Sheet (Compared with the End of the Previous Fiscal Year)

End of March 2015: Total assets ¥25,800 million

End of June 2015: Total assets ¥24,400 million


FY 2015 Full Year Business Performance Forecast

FY11 FY12 FY13 FY14 FY15

Net sales 334 67 63 196 200

Operating income 16 10 5 (8) 4

Net income 67 11 4 (33) 2

-40

-20

0

20

40

60

80

0

100

200

300

400


FY 2015 Full Year Business Performance Forecast

Operating income:

100 million yen

Net sales: 100 million

yen

※Following the disposal of the Company’s consolidated subsidiary WebMoney Corporation in July 2011, the Electronic Money Business was eliminated and sales revenue has not been recorded in this segment since FY 2012 Q2.

*Net income for the current term attributable to shareholders of the parent company

Amid a continuing decline in sales of existing services and the expansion of new services, our forecast is for net sales of ¥20 billion (up 2.1% year-on-year). Also, with the return to profitability of the Columbia following its structural reforms and with revenue from new services, we are forecasting operating income of ¥400 million and net income attributable to the shareholders of the parent company of ¥150 million.


FY 2015 Consolidated Business Performance Forecast by Segment

(Unit: million yen)


Year-on-year

change

Year-on-year

change (%)

Net sales 19,597 20,000 403 0

Content Business 4,550 6,400 1,849 0

Point Service Business 2,454 2,100 (354) (0)

Columbia Business 12,591 11,500 (1,091) (0)

Operating income (891) 400 1,291 —

Content Business 168 335 166 1

Point Service Business 26 55 28 1

Columbia Business (1,104) 10 1,114 —

Adjustment amount* 18 15 (3) —

Ordinary income (862) 380 1,242 —

(3,340) 150 3,490 —

FY15

(forecast)

FY14

Net income attributable to shareholders

of the parent company


Reference Materials

4,445


4,695

4,445

+232

(14)

+32

- 1,000 2,000 3,000 4,000 5,000

FY15 1Q

コロムビア事業

ポイント事業

コンテンツ事業

FY14 1Q

Unit: million yen

FY 2014 Q1

Content Business

Point Service Business

Columbia Business

FY 2015 Q1

FY 2015 Q1 Consolidated Net Sales (Compared with Previous Fiscal Year)


163

(391)

+4

+485

+33

+32

(400) (300) (200) (100) - 100 200

FY15 1Q

調整額

コロムビア事業

ポイント事業

コンテンツ事業

FY14 1Q

Unit: million yen

FY 2014 Q1

Content Business

Point Service Business

Columbia

Business

Adjustment amount*

FY 2015 Q1

FY 2015 Q1 Consolidated Operating Income (Compared with Previous Fiscal Year)


△386


168

6

(3)

(4)

556

(386)

(400) (300) (200) (100) - 100 200

FY15 1Q

その他

持分法による

投資損失の増

受取利息の減/

支払利息の増

営業利益の増

FY14 1Q

Unit: million yen

FY 2014 Q1

Increase in operating income

Decrease in interest received/increase in

Interest paid

Decrease in investment losses on equity method

Others

FY 2015 Q1

FY 2015 Q1 Consolidated Ordinary Income (Compared with Previous Fiscal Year)

55

(3)

(225)

10

13

554

(293)

(300) (200) (100) - 100 200 300

FY15 1Q

その他

非支配株主に帰属する

四半期純利益の増

新株予約権戻入益の増

段階取得に係る差益の増

経常利益の増

FY14 1Q

Unit: million yen

※Consolidated net income is defined as net income for the current term attributable to shareholders of the parent company.

FY 2014 Q1

Increase in ordinary income

Increase in gains on

step acquisitions

Increase in gains on reversal of share subscription rights

Increase in net income

attributable to non- controlling shareholders

Others

FY 2015 Q1


FY 2015 Q1 Consolidated Net Income※ (Compared with Previous Fiscal Year)


Notice

This document and its supporting documents contain

projections of our company’s future performance. These are

estimates by the management of Faith based on currently

available information. There are potential risks and

uncertainties that may affect the results. Please be advised that

actual performance may differ significantly from the forecast.

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