Investor Presentaiton
Q3 2022 Financial Outlook
Expect Group Revenues to Grow Y/Y Driven by Growth of Major Franchises and New Mobile Titles in Korea
Revenues
Operating Income
Net Income5
•
Constant currency up 13% to 22%
•
PC2: Growth driven by FIFA ONLINE 43, and Korea
MapleStory
•
Mobile: Expect to benefit from Dungeon&Fighter
Mobile and HIT2, scheduled to launch in Korea
on August 25
.
Expect a Y/Y increase driven by revenue growth
Expect increased variable costs, HR costs4, and
marketing costs as well as server costs
•
Expect a Y/Y decrease
•
In Q3 2021, we recorded an ¥16.1 billion FX gain
primarily on U.S. dollar-denominated cash
deposits and a revaluation gain of ¥1.7 billion due
to movements in the market price of bitcoin
(Unit: millions, except per share data)
Q3 2021
Q3 2022 Outlook
YoY %
Revenues
PC2
¥75,890
¥96,039
¥104,038
27%
2
37%
57,278
67,298
72,221
17%
26%
Mobile
18,612
28,741
31,817
54%
71%
(Unit: \ billions)
Q3 Accumulated (High-end)
Revenues
Operating Income
Net Income 5
279.2
Operating income
29,835
30,143
36,635
1%
23%
Net income5
37,902
21,559
26,395
(43%)
(30%)
220.2
104.0
Earnings per share
42.44
24.94
30.53
75.9
FX Rate Assumptions
100 KRW/JPY
CNY/JPY
USD/JPY
9.51
10.48
10.48
10%
17.02
20.32
20.32
110.11
136.79
136.79
19%
24%
84.1
56.0
97.8
88.6
92.9
91.4
36.6
29.8
37.9
26.4
15.4
22.7
9.0
24.7
88.3
91.0
43.3
38.5
46.0
40.3
Forex sensitivity: Every one Japanese yen
move against the U.S. dollar would have the
following impact on our financials for Q3 2022
Revenues
Operating Income
0.72 billion yen
0.26 billion yen
1 Constant currency is a non-GAAP measure used to show performance unaffected by fluctuations in foreign
currency exchange rates. Constant-currency basis amounts are calculated using the average foreign currency
exchange rates for the comparable period in the prior year and applied to the current period. As an example, we
calculate royalty revenues from China Dungeon&Fighter by applying the same CNY/USD, USD/KRW and KRW/JPY
exchange rates from last year's same fiscal quarter.
2021
2022
2 PC revenues include other revenues besides PC online games and mobile games
3 Official title is EA SPORTS™ FIFA ONLINE 4 (PC).
4 HR costs includes HR cost (COGS), HR cost (SG&A) and R&D (SG&A).
5 Net income refers to net income attributable to owners of the parent.
2021
2022
2021
2022
6 In most situations, the exchange rates of both the South Korean Won and the Chinese Yuan
are linked to the U.S. Dollar. For simplicity, forex sensitivity is calculated based on the
assumption that Korean Won and Chinese Yuan move similarly against Japanese Yen when
there is an exchange rate movement in U.S. Dollar and Japanese Yen.
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