Results Meeting Results Meeting for for the Interim Period ended the Interim Period ended September 30, 2006 September 30, 2006 (April 1, 2006 – – September 30, 2006) September 30, 2006) (April 1, 2006
Table of Contents Table of Contents Financial highlights ........................................... P 03 Non-consolidated statement of income ............. P 06 Spot sales (Non-consolidated) .......................... P 07 Forecast for FY2006 ..........................................P 8 (Ref.) Forecast for CAPEX and Depreciation .... P 10 Programming .................................................... P 11 (Ref.) Viewer ratings ......................................... P 14 (Ref.) Yomiuri Giants night games ...................... P 16 Cultural-related business.................................... P 17 2
Highlights of Operating Results Highlights of Operating Results (Consolidated) (Consolidated) � Net sales decreased due to TV broadcasting revenue. � VAP had excellent DVD sales of NTV dramas and movies, however, total net sales decreased due to fewer volume of CD sales. � Recurring profit and net income increased due to gain on interest in investment partnership and equity in net gains of subsidiaries and affiliates. (Unit: Millions of yen) FY2005 1H FY2006 1H In/decrease (%) (Apr.-Sep.) (Apr.-Sep.) Net sales 175,510 165,870 △ 5.5 Operating income 13,198 12,472 △ 5.5 Recurring profit 13,742 14,628 6.5 Net income 4,393 7,770 76.9 3
Cash Flow Cash Flow (Consolidated) (Consolidated) （ Unit : Millions of yen ） In/ decrease FY2005 1H FY2006 1H (Apr. – Sep.) (Apr. – Sep.) (%) 14,153 19,075 4,922 Cash flow from operating activities △ 10,151 △ 6,410 3,740 Cash flow from investing activities △ 13,776 △ 2,339 11,436 Cash flow from financing activities Cash and equivalents at the end of 57,149 69,674 12,524 September 30, 2006 4
Operating Results Operating Results (Consolidated / Non- -consolidated) consolidated) (Consolidated / Non （ Unit: Millions of yen) Consolidated Non-consolidated Difference Net sales 165,870 141,145 24,725 Operating income 12,472 7,947 4,525 Recurring profit 14,628 10,003 4,625 Net income 7,770 5,851 1,919 (Unit: Millions of yen) (Unit: Millions of yen) 16,000 Other VAP Inc. 14,000 Other 2,390 NTV 170,000 12,000 Other 2,297 VAP Inc. 2,235 Other 7,657 10,000 160,000 VAP Inc. 2,228 VAP Inc. 8,000 17,068 Other 1,257 150,000 VAP Inc. 662 6,000 NTV 10,003 140,000 NTV NTV 4,000 7,947 NTV 141,145 5,851 130,000 2,000 120,000 0 Operating Recurring Net income Net sales income profit 5
Highlights of Operating Results Highlights of Operating Results (Non- -consolidated) consolidated) (Non � Net sales decreased due to declines in both spot and time sales, though Events / Content business sales increased. � Despite FIFA World Cup, production costs slightly decreased. � Recurring profit increased due to gain on interest in investment partnership. （ Unit : Millions of yen ） In/decrease FY2005 1H FY2006 1H (%) (Apr.- Sep.) (Apr.- Sep.) Net sales 144,194 141,145 △ 2.1 △ 8.6 Operating income 8,699 7,947 Recurring profit 9,626 10,003 3.9 Net income 1,338 5,851 337.2 6
Spot Sales by Industry Spot Sales by Industry （％） Share Yoy Cosmetics/Toiletries 9.47 △ 2.4 Cosmetics/ Toiletries Non-Alcohol 8.33 13.3 Non-Alcohol Other Electronic equipment 8.15 10.9 Electronic Automobile 7.93 △ 4.7 equipment Alcohol 7.52 △ 4.4 Finance Finance 7.24 △ 18.3 Transportation/ 6.61 △ 12.9 Alcohol Pharmaceu- Telecommunications tical Automobile Pharmaceutical 5.58 △ 12.3 Transportation /Telecommuni Box-office/Entertainment 4.21 14.4 cations Service 3.88 39.3 Service Box-office/ Other 31.08 △ 17.72 Entertainment 7
Forecast for FY2006 Forecast for FY2006 ≪ Net sales / Operating income / Recurring profit / Net income ≫ (Unit : Millions of yen) Operating Recurring Fiscal Year Net sales Net income income profit Consolidated 330,000 19,500 22,000 12,500 Non-consolidated 282,000 11,500 15,000 8,500 ★ As of November 1, 2006 8
Forecast for FY2006 Forecast for FY2006 ≪ Business Segment ≫ (Unit : Millions of yen) Operating Operating Net sales expenses income Television Broadcasting 266,300 237,500 28,800 Cultural Activities 58,500 55,100 3,400 Other 13,100 12,800 300 Subtotal 337,900 305,400 32,500 Elimination/Corporate △ 7,900 5,100 △ 13,000 Consolidated 330,000 310,500 19,500 ★ As of November 1, 2006 9
(Ref.) Forecast for CAPEX and Depreciation Ref.) Forecast for CAPEX and Depreciation ( （ Consolidated ） (Unit : Billions of yen) CAPEX Depreciation FY2006 7.6 14.7 （ Non-consolidated ） (Unit : Billions of yen) CAPEX Depreciation FY2006 7.1 13.8 FY2007 9.5 13.5 FY2008 7.7 12.5 FY2009 5.9 10.9 FY2010 8.0 10.2 ★ As of November 1, 2006 10
Programming reforms ① Programming reforms ① October programming strategy � "NEWS ZERO" • Launch new challenge with program by selecting new team of anchorpersons and designing original studio sets to bring new perspective to 23:00 time slot. • Target viewers are younger than those of previous news program “Kyo no Dekigoto.” • “NEWS ZERO”-related special programming during year-end prime time and daytime weekends. � Dramas • ” MOTHER AT FOURTEEN” on Wednesday gains average viewer ratings over 18% and attracts attention of teenagers. • Viewer ratings are rising for “LOVE OF MY LIFE” on Saturday. Strengthen PR of drama through final episode. → Build up NTV’s image as a solid drama program-creator. � Prime time slot programs • New programs such as Monday 22:00 ”Gokujyo no Getsu Yoru” and Thursday 20:00 “Cream Stew no Tarirari de Ikimasu!!” take time gaining high viewer ratings. • KDDI-sponsored orthodox music program “Music Lovers” on Sunday 23:30. 11
Programming reforms ② Programming reforms ② After end-of-year programming strategy ■ New dramas from January Wednesday “Haken no Hinkaku” (tentative title) This story, written by Miho Nakazono, is about an energetic office lady played by Ryoko Shinohara who has a positive effect on those around her through the excellent job she performs. Saturday “Enka no Jyoou” Actress Yuki Amami who starred in “The Queen’s Classroom” takes on a new role as an unsuccessful Japanese ballad singer who has one bad break after another in her life, but survives in the face of great difficulties to become a heroine. Written by Kazuhiko Yukawa. � Year-end and New year Broadcast variety programs such as “Weekender,” “Gaki no Tsukai ya Arahende.” 12
Programming strategy Programming strategy Medium and longer-term programming reform strategy � Structural reform of programming schedule • Proceed with four reforms to programming time slots: *October 2006…..23:00 time slot *April 2007……….Prime and Golden time slots *October 2007…...Non-Prime time slot *April 2008………. all time slots → Create programming schedule that will gain high viewer ratings and increase profitability � Strategic week and special programs • NTV won quadruple crown title of viewer ratings for weeks of July 17th and August 21 st , designated as strategic weeks for 2006 with special programming → Continue to plan strategic special programming for 2007 • Emphasis on movies, special dramas, sports and intellectual entertainment as special programs. NTV-invested movies are especially good content, not only for its box office revenue but also for gaining high viewer ratings on terrestrial broadcasting. Ex) “ALWAYS ~Sunset on Third Street, “ “DEATH NOTE” and STUDIO GHIBLI works 13
(Ref.) Viewer Ratings ① (Ref.) Viewer Ratings ① Yearly （ Jan. 2, 2006 – Nov. 12, 2006 / 45 weeks ） Source: Video Research NTV TBS CX EX TX HUT All day 8.6 7.9 9.3 7.7 3.7 44.1 Last year 8.9 7.8 9.4 7.9 3.7 44.7 Prime time 12.6 12.7 14.4 12.6 7.8 65.8 Last year 13.0 12.9 14.3 13.1 7.7 67.1 Golden time 12.4 12.8 14.2 11.8 8.3 66.5 Last year 12.9 12.8 14.0 12.7 8.4 68.0 Non-prime time 7.5 6.5 7.9 6.2 2.6 37.8 Last year 7.7 6.4 8.1 6.4 2.6 38.2 14
Viewer Ratings ② Viewer Ratings ② Fiscal Yearly （ Apr. 3, 2006 – Nov. 12, 2006 / 32 weeks ） Source: Video Research NTV TBS CX EX TX HUT All day 8.3 7.7 9.2 7.5 3.7 43.4 Last year 8.7 7.8 9.4 7.7 3.7 44.2 Prime time 12.2 12.6 14.4 12.4 7.9 65.2 Last year 12.7 12.8 14.4 13.2 7.8 66.7 Golden time 11.9 12.7 14.1 11.6 8.4 65.8 Last year 12.4 12.8 14.1 12.8 8.4 67.6 Non-prime time 7.2 6.4 7.8 6.1 2.5 37.1 Last year 7.6 6.4 8.0 6.2 2.6 37.8 15
(Ref.) Yomiuri Giants night games (Ref.) Yomiuri Giants night games FY2006 FY2005 FY2004 FY2003 FY2002 20.0 15.0 Details of Viewer Ratings NTV Other Avg. * % * % * % FY2006 60 9.4 46 9.8 106 9.6 10.0 FY2005 66 10.1 63 10.3 129 10.2 ▲ 0.7 ▲ 0.5 ▲ 0.6 Decrease * : Number of games aired 5.0 Apr. May Jun. Jul. Aug. Sep. Oct. Avg. FY2006 12.7 11.4 9.0 7.0 6.8 7.0 9.6 0.0 NTV 13.3 10.4 9.9 7.2 6.8 6.6 9.4 Other 12.0 12.1 8.4 6.8 6.8 8.8 9.8 FY2005 12.9 13.1 10.2 8.2 7.2 7.2 10.2 FY2004 15.4 14.0 13.8 11.0 8.5 9.0 12.2 FY2003 16.1 16.3 16.0 13.0 12.2 9.8 14.3 As of October 30, 2006 FY2002 17.3 17.1 13.3 15.8 15.0 17.3 15.2 16.2 Source: Video Research 16
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