Worth reading
70In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
41
Operating profit year-on-year change (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending December 20216 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,894 million+16.8%
Operating profit¥229 million+41.0%
Ordinary income¥229 million+38.8%
Net income¥149 million+31.2%
Selling, general and administrative expenses¥778 million
Gross Profit Margin
Rate34.8%
Operating profit margin
Rate7.9%
Year-on-year change (points)Up from 6.6% in the year-earlier period
Full-year earnings forecast
Transaction volume
¥12,300 million
Net Sales
¥5,750 million
Operating profit
¥300 million
Operating profit margin
5.2 %
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales50.3%
Operating profit (loss)76.3%
Ordinary income76.3%
Net income attributable to owners of the parent and other entities74.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Significantly exceeded the initial budget; upwardly revised the first-half budgetBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
First arrow: magazine sales business+¥169 million
Second arrow: digital distribution business+¥192 million
Third arrow: subscriber data utilization and other new businesses+¥56 million
Operating profit forecast
Profit increase+¥84 million
Increase in variable costs, including marketing expenses-¥68 million
Increase in personnel expenses (higher headcount)-¥55 million
Other-¥11 million
New initiatives
- Investment in Cataryst Data Partners by the CCC Group
- Launch of an article-information distribution service (B2B)
- Aim to turn the e-commerce business, which secured a major order, profitable by narrowing its customer base and the number of stores it operates
- Launch of PR services and bundled advertising
Key KPIsA metric the company considers important as a management benchmark.
- Total registered users3,657,318 peopleYear on year against the same period last year+7.8%
- Paying users649,284 peopleYear on year against the same period last year+2.1%
- Subscription contract retention rate70% level
- Year-on-year change in the magazine market3.5 %
Segment results
Fujisan Magazine Service Co.,Ltd.
Net Sales
¥1,878 million
Operating profit
¥205 million
Consolidated Subsidiaries
Net Sales
¥1,016 million
Operating profit
¥24 million
Market Size / Share
Domestic magazine retail market size¥557.6 billion (2020)
Number of bookstores in JapanApproximately 9,242 stores
Electronic magazine sales in Japan¥27.7 billion (fiscal 2019)
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2021 |
| Net Sales | ¥2,894 million (YoY +16.8%) |
| Operating profit | ¥229 million (YoY +41.0%) |
| Ordinary income | ¥229 million (YoY +38.8%) |
| Net income | ¥149 million (YoY +31.2%) |
| Gross Profit Margin | Rate 34.8% / Year-on-year change (points) Not disclosed |
| Operating profit margin | Rate 7.9% / Year-on-year change (points) Up from 6.6% in the year-earlier period |
| Selling, general and administrative expenses | ¥778 million |
| Full-year earnings forecast | Transaction volume ¥12,300 million / Net Sales ¥5,750 million / Operating profit ¥300 million / Operating profit margin 5.2 % |
| Progress against full-year forecast | Net Sales 50.3% / Operating profit (loss) 76.3% / Ordinary income 76.3% / Net income attributable to owners of the parent and other entities 74.5% |
| Self-assessment against the plan | Significantly exceeded the initial budget; upwardly revised the first-half budget |
| Segment results | Fujisan Magazine Service Co.,Ltd. Net Sales ¥1,878 million / Operating profit ¥205 million / Consolidated Subsidiaries Net Sales ¥1,016 million / Operating profit ¥24 million |
| Breakdown of Factors Affecting the Change | Net Sales First arrow: magazine sales business +¥169 million / Second arrow: digital distribution business +¥192 million / Third arrow: subscriber data utilization and other new businesses +¥56 million / Operating profit forecast Profit increase +¥84 million / Increase in variable costs, including marketing expenses -¥68 million / Increase in personnel expenses (higher headcount) -¥55 million / Other -¥11 million |
| Key KPIs | Indicator name Total registered users / Value 3,657,318 people / Year on year against the same period last year 7.8 people, Indicator name Paying users / Value 649,284 people / Year on year against the same period last year 2.1 people, Indicator name Subscription contract retention rate / Value 70% level / Year on year against the same period last year Not disclosed, Indicator name Year-on-year change in the magazine market / Value 3.5 % / Year on year against the same period last year Not disclosed |
| Market Size / Share | Domestic magazine retail market size ¥557.6 billion (2020) / Number of bookstores in Japan Approximately 9,242 stores / Electronic magazine sales in Japan ¥27.7 billion (fiscal 2019) |
| New initiatives | Investment in Cataryst Data Partners by the CCC Group, Launch of an article-information distribution service (B2B), Aim to turn the e-commerce business, which secured a major order, profitable by narrowing its customer base and the number of stores it operates, Launch of PR services and bundled advertising |
Items this document does not state (14)
Results for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The main reasons cited were business growth driven by the expansion of magaport's subscription-content distribution services, lower advertising and promotional expenses, particularly listing advertising, and operations focused on acquisition efficiency. The main reason for the increase in cost of sales was the rise in procurement costs accompanying the expansion of magaport's business.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.