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Summary of Financial Results for the Fiscal Year Ending March 31, 2021
Broadmedia Corporation
April 28, 2021
The statements contained here indicate the Company’s current plans, expectations, strategies, and beliefs. Any statements that are not historical facts are forward-looking statements regarding future business performance. This document contains  forecasts determined by the Company’s management based on information presently available. The Company asks that you do not rely completely on these forward-looking statements because actual business results may vary materially from these statements due to various risks and uncertain factors.
© 2021 Broadmedia Corporation. All Rights Reserved.
Summary of Financial Results for FY2020
Financial Forecasts for FY2021
Shareholder Return
Restricted Stock Compensation Plan for Employees
[Reference Documents]・Business Segment Content・Topics
© 2021 Broadmedia Corporation. All Rights Reserved.
Consolidated Financial Results for FY2020(year over year)
 Revenue and operating income decreased year on year due to the Covid-19 pandemic.
 Ordinary income decreased in the absence of insurance proceeds.
 Net income declined sharply due to the effects of an impairment loss (-104 million yen) from cloud solutions, in addition to the absence of settlement proceeds for lawsuits (122 million yen) and a corporate tax refund (56 million yen) recorded in the previous year.
FY 2019FY 2020DifferenceRate ofdifferenceFinancialForecasts（announced on Oct. 30）
Achievementratio
Revenue11,50610,991(515)(4%)11,000100%
Operating income505478(26)(5%)400120%
Ordinary income627476(150)(24%)400119%
Net income 411151(260)(63%)19080%
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
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 Revenue almost reached the consolidated earnings forecast. Operating income and ordinary income exceeded the forecast.
 Net income fell short of the forecast due to an impairment loss.
Consolidated Financial Results for FY2020 (compared to earnings forecast)
FY 2019FY 2020DifferenceRate ofdifferenceFinancialForecasts（announced on Oct. 30）
Achievementratio
Revenue11,50610,991(515)(4%)11,000100%
Operating income505478(26)(5%)400120%
Ordinary income627476(150)(24%)400119%
Net income 411151(260)(63%)19080%
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
© 2021 Broadmedia Corporation. All Rights Reserved.
 In the fourth quarter (January through March), revenue decreased year on year and income increased.
 Net income rose significantly and made a substantial contribution to the full-year result.
Consolidated Financial Results for FY2020 (compared to the 4Q accounting period)
FY 20194QFY 20204QDifferenceRate ofdifference
Revenue3,0732,932(140)(5%)
Operating income1281946551%
Ordinary income1461975135%
Net income 6113675124%
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
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1Q2Q3Q4Q
In the first three quarters, operating income was less than the year-ago level. In the fourth quarter, the Education segment performed well, and the loss in the Studio & Content segment shrank.
400（forecast）
Changes in Operating Income (year over year)
Actual results in FY2019
Cumulative totals in FY2019
Actual results in FY2020
Cumulative totals in FY2020
(Unit：Million yen)
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Consolidated Financial Results by Business Segment
* We have changed the reporting segment from the 1Q of 2020.The numbers for FY2019 are shown after being reclassified under the new segment. 
FY 2019FY 2020FY 2019FY 2020
Education1,9692,297328377596218
Studio & Content3,2612,729(532)(137)(156)(18)
Broadcast2,8022,681(121)29231927
Technology3,4733,282(190)449304(144)
Corporateexpenses(476)(585)(108)
Total11,50610,991(515)505478(26)
RevenueOperating income
DifferenceDifference
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
© 2021 Broadmedia Corporation. All Rights Reserved.
 The number of new students reached a new record high following the previous year, increasing revenue and operating income.
 This segment continued to be a positive driver for the consolidated financial results.
Consolidated Financial Results by Business Segment
◆ Japanese Language Education◆ Operation of online credit-based e-learning high schools
Renaissance High School Group
FY 2019FY 2020FY 2019FY 2020
Education1,9692,297328377596218
RevenueOperating income
DifferenceDifference
＋１７％＋５８％
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
© 2021 Broadmedia Corporation. All Rights Reserved.
FY 2019FY 2020FY 2019FY 2020
Studio & Content3,2612,729(532)(137)(156)(18)
Difference
RevenueOperating income
Difference
 With the segment affected as a whole by the COVID-19 pandemic, revenue decreased, resulting in a larger deficit.
 In digital media services, both revenue and income decreased due to a decline in advertising revenue, despite good performance on content delivery.
 In the content licensing business, sales of programs to TV stations decreased significantly.
 In the production business, both revenue and income fell significantly. Although the production of Japanese dubs resumed in the second half of the fiscal year, orders for them declined or were pushed back because the production of films and dramas was postponed.
Consolidated Financial Results by Business Segment
◆ Digital Media services◆ Production business◆ Content licensing business
＋１７％＋５８％
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
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 Subscription revenue continues to decline.
 Expenses for filming were curtailed, reflecting the voluntary refraining from filming in the first half due to the COVID-19 pandemic.
 SG&A expenses were reduced due to the postponement of promotional activities for Fishing Vision VOD.
 Revenue from sponsors, which declined in the first half, recovered and exceeded the previous year’s level in the second half (October-March).
Consolidated Financial Results by Business Segment
◆ “Fishing Vision”, a channel dedicated to fishing programs◆ “Fishing Vision VOD”, a streaming service for multiple devices
FY 2019FY 2020FY 2019FY 2020
Broadcast2,8022,681(121)29231927
RevenueOperating income
DifferenceDifference
(4％)＋９％
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
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Consolidated Financial Results by Business Segment
◆ Cloud solution services
◆ Hospitality network
◆ CDN services
◆ Other solution services
◆ Digital cinema services
◆ Network sales
 CDN (Akamai) services maintained good performance.
 The 10-year period for VPF services (digital cinema) expired, and the posting of relevant revenue from film distributors ended in the first half.
 Delivery services (digital cinema services) remained sluggish, partly reflecting the temporary closure of movie theaters and the postponement of new movie releases due to the Covid-19 pandemic.
 Cloud solutions suffered lower-than-expected revenues from the platforms of partner companies, as well as a decline in development orders, despite strong sales of apps in particular. 
FY 2019FY 2020FY 2019FY 2020
Technology3,4733,282(190)449304(144)
RevenueOperating income
DifferenceDifference
(５％)(３２％)
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
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 Administrative staff members who belonged to respective subsidiaries and expenses for company operations were consolidated as a result of the integration of the Group companies.
 Temporary expenses arose as a result of the change to the record date for the general meeting of shareholders.
 On the other hand, tax expenses decreased due to the implementation of 
capital reduction.
◆ Operating costs for the administrative division of the Group headquarters (Broadmedia)
◆ Costs for supporting the entire Group (improving productivity and efficiency and enhancing governance, etc.)
Consolidated Financial Results by Business Segment
FY 2019FY 2020
Corporateexpenses(476)(585)(108)
Difference
Operating income
cost increase
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
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Net assets increased due to the recording of net income.Acquisition of treasury stock (-153 million yen）.Disposal of treasury shares as restricted stock compensation for employees (54 million yen).Shareholders’ equity includes the earned surplus of 2,390 million yen.
While advances received increased, deposits received and lease obligations, among other liabilities, decreased.
Condition of assets, liabilities,and net assets
Liabilities
Net assets
While prepaid expenses increased, cash and deposits and programaccounts decreased.Total assets
Consolidated Financial Position
7,4086,994(414)(6%)
3,8563,287(568)(15%)
3,5523,7061544%
Shareholders’ equity2,6932,748542%
Stock acquisition rights for non-controlling shareholders8589579912%
36%39%ーー
FY 2019DifferenceRate ofdifferenceFY 2020
Total assets
Liabilities
Net assets
Shareholders’equity ratio
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
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Operating cash flow
Investing cash flow
Financing cash flow
Cash inflow of 558 million yen, mainly due to the posting of 354 million yen as profit before income taxes, a decrease in inventories and an increase in advances received.
Cash outflow of 136 million yen, mainly due to the acquisition of fixed assets, despite the collection of loans.
Cash outflow of 432 million yen due to expenditures for treasury acquisition, return of corporate bonds and the repayment of lease obligations.
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
Consolidated Financial Position
Condition of Cash flow
Note: The table above does not reflect the effects of the exchange rate change on cash and cash equivalents.
1,991558
(256)(136)
(235)(432)
1,501(6)
3,3743,368
Changes in cash and cash equivalents
Financing cash flow
Year-end balance of cash and cash equivalents
Investing cash flow
Operating cash flow
FY 2020FY 2019
© 2021 Broadmedia Corporation. All Rights Reserved.
Summary of Financial Results for FY2020
Financial Forecasts for FY2021
Shareholder Return
Restricted Stock Compensation Plan for Employees
【Reference Documents】・Business Segment Content・Topics
© 2021 Broadmedia Corporation. All Rights Reserved.
Revenue is expected to increase in all segments.
Although operating income in the Broadcast segment is likely to decline, overall operating income, ordinary income and net income are forecast to increase, reflecting increases in income in all segments except Broadcast.
The curtailment of tax expenses due to the management integration contributed to the increase in net income.
Consolidated Financial Forecasts
(Unit：Million yen)(Amounts are rounded down to the nearest million yen)
The statements contained here indicate the Company’s current plans, expectations, strategies, and beliefs. Any statements that are not historical facts are forward-looking statements regarding future business performance. This document contains  forecasts determined by the Company’s management based on information presently available. The Company asks that you do not rely completely on these forward-looking statements because actual business results may vary materially from these statements due to various risks and uncertain factors.
FY 2020FY 2021
ResultsAnnual Forecasts
Revenue10,99112,0001,0099%
Operating income47860012226%
Ordinary income47660012426%
Net income 151400249165%
DifferenceRate ofdifference
© 2021 Broadmedia Corporation. All Rights Reserved.
SegmentForecastsFactors
Education
Both revenue and income will rise.
•With new facilities, including the Yokohama Campus, the number of new students is expected to increase.•Growth in e-sports is expected.
Studio & Content
Revenue will rise and income will improve.
•The number of advertisements posted on entertainment/information websites and the average advertising price are expected to improve.•Orders in the Japanese dubs production business are expected to increase.
Broadcast
Revenue will rise, and income will fall.
•Revenue is forecast to increase, reflecting a recovery in revenue from sponsors and events to be held.•Active promotional activities for Fishing Vision VOD.
Technology
Both revenue and income will rise.
•CDN (Akamai) services are likely to expand.•CM Online service and delivery services (digital cinema) are expected to grow.
Corporate expenses
Expenses will rise.
•Investment needed to improve productivity and efficiency is expected in relation to proactive security measures and the integration of the Group companies.
Financial Forecasts – Key Points
© 2021 Broadmedia Corporation. All Rights Reserved.
Full-year earnings trends and forecasts(Revenue, Operating income)
The Company aims to increase revenue and income through sustainable growth in each business.
41 88 
505 478 
600 10,413 10,800 11,123 
11,506 10,991 
12,000 
FY2016FY2017FY2018FY2019FY2020FY2021（Forecasts）
10,000
11,000
12,000
13,000
Operating income
Revenue
(Unit：Million yen)
© 2021 Broadmedia Corporation. All Rights Reserved.
Full-year earnings trends and forecasts(Ordinary income, Net income)
700Ordinary income
2017201820192020
2021（予想）FY ２０１７FY ２０１８FY ２０１９FY ２０２０FY ２０２１（Forecasts）
700Net income
20172018201920202021（予想）FY ２０１７FY ２０１８FY ２０１９FY ２０２０FY ２０２１（Forecasts）
Settlement proceeds １２２Ｍ
Tax refund ５６Ｍ
Insurance proceeds received７３Ｍ
Tax refund 132Ｍ
(Unit：Million yen)
Net income is forecast to increase significantly partly due to the curtailment of tax expenses as a result of management integration.
© 2021 Broadmedia Corporation. All Rights Reserved.
Summary of Financial Results for FY2020
Financial Forecasts for FY2021
Shareholder Return
Restricted Stock Compensation Plan for Employees
【Reference Documents】・Business Segment Content・Topics
© 2021 Broadmedia Corporation. All Rights Reserved.
 In FY2020, the Company purchased treasury stock (1.6 million shares*).
*2.05% of all issued shares (excluding treasury stock)
 Unfortunately, the Company will pay no year-end dividends in FY2020.
 Dividends in FY2021 have yet to be determined.
 The Company will examine shareholder return, considering the balance with required investment.
Our firm recognizes that one crucial issue for its management is simultaneously securing competitiveness in our business lines and returning profits to our shareholders.
Shareholder Return
© 2021 Broadmedia Corporation. All Rights Reserved.
Summary of Financial Results for FY2020
Financial Forecasts for FY2021
Shareholder Return
Restricted Stock Compensation Plan for Employees
【Reference Documents】・Business Segment Content・Topics
© 2021 Broadmedia Corporation. All Rights Reserved.
Restricted Stock Compensation Plan for Employees
Reinforcing the motivation to enhance corporate value and sharing value with shareholders
Completion of payment for disposal of treasury shares as restricted stock compensation for employees.
Overview
Date of the disposalMarch 19, 2021
Class and number of shares to be disposed ofCommon stock of the Company454,400 shares
Disposition amount88 yen per share
Total disposition amount39,987,200 yen
Planned recipients of compensation and number of shares to be disposed of
Regular employees and contract employees of  the Company 328 people454,400 shares
© 2021 Broadmedia Corporation. All Rights Reserved.
Thank you for your attention.
The statements contained here indicate the Company’s current plans, expectations, strategies, andbeliefs. Any statements that are not historical facts are forward-looking statements regarding futurebusiness performance. This document contains forecasts determined by the Company’s managementbased on information presently available. The Company asks that you do not rely completely onthese forward-looking statements because actual business results may vary materially from thesestatements due to various risks and uncertain factors.
© 2021 Broadmedia Corporation. All Rights Reserved.
Summary of Financial Results for FY2020
Financial Forecasts for FY2021
Shareholder Return
Restricted Stock Compensation Plan for Employees
【Reference Documents】・Business Segment Content・Topics
© 2021 Broadmedia Corporation. All Rights Reserved.
At an event for experiencing Puyo Puyo with color vision accessibility features* held on February 20, 2021, G-cluster’s distribution technology was usedin “Puyo Puyo eSports Cloud,” which made its debut online.
This event was an online event for encouraging people who were reluctant to play Puyo Puyo because of color vision problems to experience color vision accessibility features held by SEGA in the 47th CUD meeting held by NPO Color Universal Design Organization (CUDO).
Topics (Technology)
1(P) 2 color visionClassic2(D) 2 color visionMoji3(T) 2 color visionSonic
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On April 15, 2021, the distribution of Dynasty Warriors 9, a cloud game application, started.
A new Muso, an open-world action game under the concept of “a new mighty warrior in an open world.”
Topics (Technology)
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CYCLOPS athlete gaming will cooperate with Joshin in promotional activities and will hold events and e-sports meetings at eSPORTS Arena Sannomiya.
April 2021CYCLOPS athlete gaming, a professional e-sports team, concluded a sponsorship agreement with Joshin Denki.
Activity Report for CYCLOPS
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April 16, 2021Renaissance High School Yokohama Campus Opening Event
Four celebrity guests who are outstanding players in the world of e-sports were invited. At a talk show, they answered questions from participants.
TanukanaCYCLOPS athlete gaming(Tekken and other fighting games, FPS, etc.)
HatsumeA famous streamer(Fighting games, FPS, etc.)
RetloffFAV gaming（Valorant）
SofiaALBA（Fortnite）
From left
Topics (Education)
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© 20２０ 「ブルーヘブンを君に」製作委員会
June 11, 2021The film “Blue Heaven wo Kimini (Blue Heaven to You)” will be released nationwide.
A moving work that depicts the beauty of life through the real life story of a rose breeder who created a blue rose, said to be impossible. Given a half year to live, she strove to achieve her long-held dream.
Flying to the blue sky for the first time to make her long-held dream come true A miraculous story full of joie de vivre
Studio & Content (Theatrical Distribution)
© 2021 Broadmedia Corporation. All Rights Reserved.
Our Mission
We contribute to communities through quality
content and services produced by human
creativity.
© 2021 Broadmedia Corporation. All Rights Reserved.
https://www.broadmedia.co.jp/
The statements contained here indicate the Company’s current plans, expectations, strategies, andbeliefs. Any statements that are not historical facts are forward-looking statements regarding futurebusiness performance. This document contains forecasts determined by the Company’s managementbased on information presently available. The Company asks that you do not rely completely onthese forward-looking statements because actual business results may vary materially from thesestatements due to various risks and uncertain factors.