连锁经营的财务分析报告2-英文(pdf 32).pdf

ReportonFY2000ThirdQuarterSettlementsforAnalystMeetingFebruary5,2001DigiCubeCo.,Ltd.2ContentsReportonFY20003QCumulativeResultsReportonFY20003QResultsFY20004QSalesTargetsFY2001ProspectsOverviewofKioskTerminalBusinessInstallationofNewGameSpecialMachinesGameRelatedPublicationsProfitStructureReferenceDataP.3P.4P5P.6P.7P.15P.16P.173ReportonFY20003QCumulativeResultsReference:Overviewof3rdQuarterPerformance,p.13.Merchandisesales(92.1%oftotalsales)inFY2000increasedoverFY1999duetothereleaseofFINALFANTASYIXandDragonQuestVIIaswellasstrongvideogamehardwaresales.SalesinthegamerelatedpublicationssectordecreasedsignificantlywithSQUAREspolicyofpublishingonline,resultinginfewerbooktitlesbeingpublished.Thisledtoalowergrossprofitmargin.Althoughhighersalesresultedinadecreaseintheratioofselling,generalandadministrativeexpensestosales,withlowergrossprofitsfromgamerelatedpublicationsand700millionyeninexpensesfornewbusinessoperations,thecompanyrecordedanoperatingloss.QuarterItemAmountAmountAmountMillionsofyenMillionsofyenMillionsofyenSales28,093100.0%36,778100.0%39,204100.0%Salesofsalesofmerchandise23,90085.1%33,88592.1%33,71886.0%Salesoffinishedproducts4,09314.6%2,6367.2%5,35113.7%Otherrevenue980.3%2560.7%1330.3%Costofsales22,49680.1%31,21584.9%32,29082.4%Costofsalesofmerchandise20,57873.3%29,85581.2%29,62075.6%Costofsalesofoffinishedproducts1,914681,3313.6%2,6646.8%Othercostofrevenue20.0%280.1%40.%Grossprofitonsales5,59619.9%5,56215.1%6,91417.6%Reversalofreserveforadjustmentofreturns3581.3%3881.1%3580.9%Additiontoreserveforadjustmentofreturns4271.5%4101.1%381.0%Balanceofgrossprofitonsales5,52719.7%5,54015.1%6,8417.5%Sales,GeneralandAdministrativeExpenses4,68816.7%5,82415.8%6,29416.0%Operatingprofit8383.0%(283)-0.7%5891.5%Ordinaryprofit7992.8%(488)-1.3%4561.2%Incomebeforeincometaxes6502.3%(611)-1.7%3070.8%Netincome2991.1%(685)-1.9%1480.4%PercentFY1999April1,1999toMarch31,2000December31,1999December31,2000PercentPercentFirstThreeQuartersofFY1999FirstThreeQuartersofFY2000April1,1999toApril1,2000to4ReportonFY20003QCumulativeResultsReference:Overviewof3rdQuarterPerformance,p.1.3QHighlights(Comparedto2Q)SalesLargedropinvideogamesoftwaresales.Selling,generalandadministrativeexpensesFull-scalelaunchofkioskterminalbusinessresultedinincreaseindepreciationexpense,advertisingexpensesandfeespaidofapproximately450millionyen.Lowersalesresultedindecreaseinshippingandhandlingexpensesofapproximately450millionyen.Ratioofselling,generalandadministrativeexpensestosalesincreasedfrom11%to23%.Inmonetaryterms,theapprox.2.1billionyenisnochangefrom2Q.SectorTrendReasonVideoGameSoftwareSubstantialdecreaseNotitleswithsalesover300,000copiesandonlyonetitlewithsalesover100,000copies.VideoGameHardwareNochangeStrongsaleswiththereleaseofPS2withremotecontrol.GeneralMusicNochangeMovieSoftwareSlightdecreaseNomajortitles.GameRelatedPublicationsContinuedsluggishnessStartpublicationofhow-to-conquerbooksfornon-SQUAREgames.GameMusicCDsSubstantialdecreaseNomajortitlesfromSQUARE.PCSoftwareSubstantialincreaseContributionfromDigiCubesUchimomo.KioskTerminalOperationslaunchedinNovember.5FY20004QSalesTargetsThe4Qforecastofunitsalesismerelyasalestarget,notanearningsestimate.Fewmajorgamesoftwaretitlesin4Q.PostponeduntilFY2001.Reference:Overviewof3rdQuarterPerformance,p.22.FY20003QFY20004QMerchandiseVideoGameSoftware(includesFinishedProducts)670,000copies530,000copiesVideoGameHardware80,000sets140,000setsMusicCDs290,000copies60,000copiesVideoSoftware120,000copies-40,000copiesDVDSoftware150,000copies100,000copiesGameRelatedPublications310,000copies380,000copiesGameMusicCDs40,000disks30,000disksPCSoftware(includesMerchandise)260,000copies80,000copiesAllfiguresarenet(shipmentsreturns).3Qresultsareroundedtothenearest10,000.FinishedProducts6FY2001ProspectsSalesforExistingBusinesses(Net)FY2001(Estimate)CategoryVolume(1,000units)Amount(millionyen)Volume(1,000units)TrendReasonOther4,08010,2003,100Totalmerchandise8,44038,4008,650Increase.PCsoftware8501,400600Decreasefrompreviousterm.Other330600150Totalfinishedproducts2,4303,0004,750Substantialincrease.Other3-Total10,87041,60013,400Increase.OverviewofKioskTerminalBusinessFY2001(Estimate)Sales（millionyen）TrendReasonFY2002salestargetof14,000millionyen.13,000CVSinstallationsbyDecember2001.e-BusinessCategoryFinishedProductsGamerelatedbooksSubstantialincreasewiththereleaseofFFXandcontributionsfromnon-SQUAREstrategybooks.6,2004,000Sales(millionyen)MerchandiseVideogamesoftwareVideogamemachines3201,2501,000IncreaseduetoreleaseofFFXandstrongsalesofotherPS2software.DemanddrivenbyPS2software.IncreaseduetoreleaseofX-Box.5,700250404,040FY2000(Estimate)(N.B.)TheFY2000andFY2001estimatesarerounded,whichmayresultindifferencesbetweencategorytotalsandoveralltotals.FY2001FullTermTotalFY2000(Estimate)FY2001FullTerm22,5005,3007OverviewofKioskTerminalBusinessSlow3QDCTinstallationandsalesbecauseoflowconsumerawareness.Slow3QDCTinstallationandsalesbecauseoflowconsumerawareness.Salesasforecastedinflagshipandotherstoreswithhighconsumerawareness.Salesasforecastedinflagshipandotherstoreswithhighconsumerawareness.Strengthindeliveringrareandkillercontentresultsinfavorablesales.(Notavailableaspackagedmerchandise.)(Neveroutofstock.)Strengthindeliveringrareandkillercontentresultsinfavorablesales.(Notavailableaspackagedmerchandise.)(Neveroutofstock.)MoreCVSkioskterminalinstallationsandhigherconsumerawareness.MoreCVSkioskterminalinstallationsandhigherconsumerawareness.Nationwidepromotionsresultinsalesgrowthforallkioskterminals.Nationwidepromotionsresultinsalesgrowthforallkioskterminals.Superiorinterfacetoportableterminalsandhomeset-topboxes.Superiorinterfacetoportableterminalsandhomeset-topboxes.CVSkioskterminalsinstalledfrom4Q.CVSkioskterminalsinstalledfrom4Q.8DCTSalesAnalysis1Music(major)29%Music(indie)23%Digitalprints7%Digitalprints18%Digitalphotos41%Music(indie)15%Digitalphotos55%Music(major)12%SalesVolumeSalesValueSolidsalesfordigitalphotosanddigitalprints.qAppropriateretailprices.qHighlevelofawarenessabouttheserviceisafactor.qHighdemandfordigitalprintingatothersalesoutlets(CVS).qNodifferencebetweenelectronicsandmusicstores.ThefollowingdatarepresentsthecombinedresultsfromallDCTinstallationsduringtheperiodfromNovember1,2000toJanuary28,2001.SalesbyContent6%3%23%39%48%41%55%49%36%0%20%40%60%80%100%MusicstoresElectronicsstoresandbookstoresOtherMusicPhotosDigitalprintsBreakdownbySalesChannel9DCTSalesAnalysis2TitleArtistPriceangelsong-EvenoKane-thebrilliantgreen500LOVE2000hitomi500LOVEORLUSTKenHirai500Oasis500SabotenPornoGraffitti500SAUDADEPornoGraffitti500SEASONSOriginalMixHAMASAKIAYUMI500taisetsuWoKizukuMonoChara500thereis.hitomi500WhyImMeRIZE500ResultsofA