Investor Relations

The Latest Financial Results

Financial Results of 2011
(Janualy 25, 2012)

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Financial / Operational Data
Financial Indicators

To view the quarterly data, please go to Financial Results.

Financial Indicators

graph:Revenue

graph:Operating income

graph:Net income attributable to J:COM shareholders

graph:EBITDA(*1)/ EBITDA Margin(*2)

graph:Capital expenditures

Millions of Yen
  FY2006 FY2007 FY2008 FY2009 FY2010 FY2011
forecast
Operating Results
Revenue  
Subscription fees  
Cable television 102,803 123,071 134,425 155,903 160,773  
High-speed Internet 58,121 66,558 73,479 83,525 87,006  
Telephony 35,591 40,432 43,945 48,308 50,418  
Subscription fees total 196,515 230,061 251,849 287,736 298,197  
Other 25,400 34,447 42,459 45,988 61,915  
Total revenue 221,915 264,508 294,308 333,724 360,112 370,000
Operating costs and expenses  
Operating and programming costs/ Selling, general and administrative 136,289
(*5)		 157,470 171,613 189,391 207,514  
Stock compensation expense - - - - -  
Depreciation and amortization 54,044 64,222 69,020 83,174 85,843  
Total operating costs and expenses 190,333 221,692 240,633 272,565 293,357 297,000
Operating income 31,582 42,816 53,675 61,159 66,755 73,000
Net income attributable to J:COM shareholders 24,481 23,992 27,964 30,453 37,690 37,500
Millions of Yen
  FY2006 FY2007 FY2008 FY2009 FY2010
EBITDA(*1)
EBITDA 85,625 107,037 122,696 144,332 152,598
Millions of Yen
  FY2006 FY2007 FY2008 FY2009 FY2010
Capital expenditures
Purchased capital expenditures 48,460 46,348 46,972 51,774 56,247
Capital leases 17,442 18,934 15,423 17,644 17,773
Capital expenditures 65,903 65,281 62,395 69,418 74,020

J:COM shareholders' equity / Equity capital ratio to total assets

graph:Total assets

Millions of Yen
  FY2006 FY2007 FY2008 FY2009 FY2010
Financial Position
Total assets 625,948 680,416 755,670 801,657 816,763
J:COM shareholders' equity 277,296 330,009 349,352 374,902 410,151
Equity capital ratio to total assets 44% 49% 46% 47% 50%
Interest-bearing debt (Gross) 242,075 223,016 252,964 251,894 225,144
Capital lease obligations 50,462 55,864 63,931 63,788 61,429
Interest-bearing debt (Net) 221,589 200,126 23,1462 187,468 146,932
Millions of Yen
  FY2006 FY2007 FY2008 FY2009 FY2010
Cash Flows
Cash flows from operating activities 80,003 95,226 100,692 123,626 124,376
Cash flows from investing activities -121,601 -52,728 -76,357 -56,558 -57,048
Cash flows from financing activities 26,801 -40,094 -25,722 -24,145 -53,542
Free cash flow(*3) 14,100 29,944 38,296 54,208 50,356

graph:Expected Annual Dividends

yen
  FY2006 FY2007 FY2008 FY2009 FY2010 FY2011
forecast
Per Share Data
Net income - basic 3,845 3,650 4,080 4,440 5,456 5,416
J:COM shareholders' equity(*4) 43,446 48,195 50,940 54,650 59,239  
(Expected) annual dividends - - 750 980 1,500 1,800
  FY2006 FY2007 FY2008 FY2009 FY2010
Ratios
EBITDA margin(%)(*2) 38.6 40.5 41.7 43.2 42.4
Return on equity(%) 9.3 7.9 8.2 8.4 9.6
Debt to EBITDA(times)(*5) 2.8 2.1 2.1 1.7 1.5
Debt to equity (times)(*5) 0.9 0.7 0.7 0.7 0.5
  • *1EBITDA = (Revenue) - (Operating and programming costs) - (Selling, general and administrative expenses)
  • *2EBITDA margin = (EBITDA) / (Revenue)
  • *3Free cash flow = (Cash flows from operating activities) – (Capital expenditures) – (Capital lease expenditures)
  • *4Based on the number of ordinary shares outstanding at the end of each fiscal year (excluding treasury stock).
  • *5Debt is gross interest-bearing debt.