Financials

livedoor Co., Ltd.: FYE Mar 2010 and ten years of results (20 metrics)

FYE Mar 2010 · Revenue¥27bnYoY −62.3%
FYE Mar 2010 · Net profit-¥6.3bn
FYE Mar 2010 · Equity ratio49.6%YoY −23.2pp
FYE Mar 2010 · Group employees357YoY −709
Fiscal yearRevenueYoYOperating profitYoYMarginNet profitChief executiveThat year
FYE Sep 2001Consolidated¥3.6bnn/an/an/an/a¥0.1bnHorie Takafumi
FYE Sep 2001Consolidated¥3.6bn−0.0%n/an/an/a¥0.1bnHorie Takafumi
FYE Sep 2002Consolidated¥5.9bn+63.6%n/an/an/a¥0.5bnHorie TakafumiTakes over the failing free ISP livedoor’s entire business
FYE Sep 2003Consolidated¥11bn+83.8%n/an/an/a¥0.5bnHorie TakafumiRenamed Edge Co.; ten-for-one stock split
FYE Sep 2004Consolidated¥31bn+185.2%n/an/an/a¥3.6bnHorie TakafumiOne hundred-for-one split; renamed livedoor Co., Ltd.
FYE Sep 2005Consolidated¥78bn+154.0%n/an/an/a¥15bnHorie TakafumiTakes 35% of Nippon Broadcasting off-hours; ¥80bn MSCB
FYE Sep 2006Consolidated¥138bn+75.9%n/an/an/a-¥41bnHorie TakafumiRaided over securities-law violations; TSE halts all trading
FYE Sep 2007Consolidated¥97bn−29.4%n/an/an/a¥35bnHiramatsu KozoHorie sentenced; Yayoi sold for ¥74bn
FYE Mar 2009Consolidated¥71bn−27.1%n/an/an/a-¥58bnIshizaka HironoriRenamed LDH; ¥145.8bn of the balance sheet is cash
FYE Mar 2010Consolidated¥27bn−62.3%n/an/an/a-¥6.3bnIshizaka HironoriSettles with Fuji Media Holdings for ¥31bn

How it compares

Income statement Revenue, costs, each level of profit and the margins they leave

Margins

%
Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2010 ¥27bn
CAGR · 10 yrs +25.0%
Fiscal year Revenue ¥ bn YoY Basis
FYE Sep 2001 3.6 n/a Cons. · Japanese GAAP
FYE Sep 2001 3.6 −0.0% Cons. · Japanese GAAP
FYE Sep 2002 5.9 +63.6% Cons. · Japanese GAAP
FYE Sep 2003 10.8 +83.8% Cons. · Japanese GAAP
FYE Sep 2004 30.9 +185.2% Cons. · Japanese GAAP
FYE Sep 2005 78.4 +154.0% Cons. · Japanese GAAP
FYE Sep 2006 138 +75.9% Cons. · Japanese GAAP
FYE Sep 2007 97.3 −29.4% Cons. · Japanese GAAP
FYE Mar 2009 71.0 −27.1% Cons. · Japanese GAAP
FYE Mar 2010 26.8 −62.3% Cons. · Japanese GAAP
Definition
Everything the company took in from its own business
Formula
Revenue line of the income statement
Source
Securities report (XBRL)

Ordinary profit keijo rieki

FYE Mar 2010 -¥0.8bn
Average · 10 yrs ¥1.0bn
Fiscal year Ordinary profit ¥ bn YoY Basis
FYE Sep 2001 0.3 n/a Cons. · Japanese GAAP
FYE Sep 2001 0.3 −0.0% Cons. · Japanese GAAP
FYE Sep 2002 1.1 +275.6% Cons. · Japanese GAAP
FYE Sep 2003 1.3 +15.5% Cons. · Japanese GAAP
FYE Sep 2004 5.0 +283.1% Cons. · Japanese GAAP
FYE Sep 2005 11.3 +123.7% Cons. · Japanese GAAP
FYE Sep 2006 -2.1 −118.9% Cons. · Japanese GAAP
FYE Sep 2007 -5.0 n/a Cons. · Japanese GAAP
FYE Mar 2009 -1.4 n/a Cons. · Japanese GAAP
FYE Mar 2010 -0.8 n/a Cons. · Japanese GAAP
Definition
A level of profit that exists only under Japanese GAAP
Formula
Operating profit + non-operating income − non-operating expenses
Source
Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2010 -¥6.3bn
Average · 10 yrs -¥4.9bn
Fiscal year Net profit ¥ bn YoY Basis
FYE Sep 2001 0.1 n/a Cons. · Japanese GAAP
FYE Sep 2001 0.1 −0.0% Cons. · Japanese GAAP
FYE Sep 2002 0.5 +274.4% Cons. · Japanese GAAP
FYE Sep 2003 0.5 +7.9% Cons. · Japanese GAAP
FYE Sep 2004 3.6 +631.5% Cons. · Japanese GAAP
FYE Sep 2005 15.5 +332.6% Cons. · Japanese GAAP
FYE Sep 2006 -40.8 −363.9% Cons. · Japanese GAAP
FYE Sep 2007 35.3 n/a Cons. · Japanese GAAP
FYE Mar 2009 -57.6 −263.1% Cons. · Japanese GAAP
FYE Mar 2010 -6.3 n/a Cons. · Japanese GAAP
Definition
What is left after tax
Formula
Pre-tax profit − income taxes
Source
Securities report (XBRL)

Ordinary margin

FYE Mar 2010 -3.0%
Average · 10 yrs 6.7%
Fiscal year Ordinary margin % YoY Basis
FYE Sep 2001 8.4 n/a Cons. · Japanese GAAP
FYE Sep 2001 8.4 −0.0pp Cons. · Japanese GAAP
FYE Sep 2002 19.3 +10.9pp Cons. · Japanese GAAP
FYE Sep 2003 12.1 −7.2pp Cons. · Japanese GAAP
FYE Sep 2004 16.3 +4.2pp Cons. · Japanese GAAP
FYE Sep 2005 14.4 −1.9pp Cons. · Japanese GAAP
FYE Sep 2006 -1.5 −15.9pp Cons. · Japanese GAAP
FYE Sep 2007 -5.2 −3.6pp Cons. · Japanese GAAP
FYE Mar 2009 -2.0 +3.1pp Cons. · Japanese GAAP
FYE Mar 2010 -3.0 −1.0pp Cons. · Japanese GAAP
Definition
The share of revenue left at the ordinary-profit line
Formula
Ordinary profit ÷ revenue
Source
Securities report (XBRL)

Net margin

FYE Mar 2010 -23.5%
Average · 10 yrs -4.8%
Fiscal year Net margin % YoY Basis
FYE Sep 2001 3.4 n/a Cons. · Japanese GAAP
FYE Sep 2001 3.4 −0.0pp Cons. · Japanese GAAP
FYE Sep 2002 7.7 +4.3pp Cons. · Japanese GAAP
FYE Sep 2003 4.5 −3.2pp Cons. · Japanese GAAP
FYE Sep 2004 11.6 +7.1pp Cons. · Japanese GAAP
FYE Sep 2005 19.7 +8.1pp Cons. · Japanese GAAP
FYE Sep 2006 -29.6 −49.3pp Cons. · Japanese GAAP
FYE Sep 2007 36.3 +65.9pp Cons. · Japanese GAAP
FYE Mar 2009 -81.2 −117.5pp Cons. · Japanese GAAP
FYE Mar 2010 -23.5 +57.7pp Cons. · Japanese GAAP
Definition
The share of revenue left after everything
Formula
Net profit ÷ revenue
Source
Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn
Equity Liabilities and non-controlling interests

Financial strength

%
Equity ratio

Total assets

FYE Mar 2010 ¥67bn
CAGR · 9 yrs +30.8%
Fiscal year Total assets ¥ bn YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 7.8 n/a Cons. · Japanese GAAP
FYE Sep 2002 9.3 +20.3% Cons. · Japanese GAAP
FYE Sep 2003 16.6 +78.3% Cons. · Japanese GAAP
FYE Sep 2004 100 +502.3% Cons. · Japanese GAAP
FYE Sep 2005 330 +229.5% Cons. · Japanese GAAP
FYE Sep 2006 313 −5.1% Cons. · Japanese GAAP
FYE Sep 2007 233 −25.6% Cons. · Japanese GAAP
FYE Mar 2009 178 −23.6% Cons. · Japanese GAAP
FYE Mar 2010 66.5 −62.6% Cons. · Japanese GAAP
Definition
Everything the company holds
Formula
Total assets line of the balance sheet
Source
Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2010 ¥33bn
CAGR · 9 yrs +23.1%
Fiscal year Equity ¥ bn YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 6.3 n/a Cons. · Japanese GAAP
FYE Sep 2002 6.6 +5.5% Cons. · Japanese GAAP
FYE Sep 2003 11.9 +80.7% Cons. · Japanese GAAP
FYE Sep 2004 53.6 +348.5% Cons. · Japanese GAAP
FYE Sep 2005 194 +261.5% Cons. · Japanese GAAP
FYE Sep 2006 175 −9.8% Cons. · Japanese GAAP
FYE Sep 2007 196 +12.4% Cons. · Japanese GAAP
FYE Mar 2009 130 −33.9% Cons. · Japanese GAAP
FYE Mar 2010 33.0 −74.6% Cons. · Japanese GAAP
Definition
The part of the funding that never has to be repaid
Formula
Net assets line of the balance sheet
Source
Securities report (XBRL)

Equity ratio

FYE Mar 2010 49.6%
Average · 9 yrs 66.4%
Fiscal year Equity ratio % YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 80.8 n/a Cons. · Japanese GAAP
FYE Sep 2002 70.8 −10.0pp Cons. · Japanese GAAP
FYE Sep 2003 71.8 +1.0pp Cons. · Japanese GAAP
FYE Sep 2004 53.4 −18.3pp Cons. · Japanese GAAP
FYE Sep 2005 58.6 +5.2pp Cons. · Japanese GAAP
FYE Sep 2006 55.7 −2.9pp Cons. · Japanese GAAP
FYE Sep 2007 84.2 +28.4pp Cons. · Japanese GAAP
FYE Mar 2009 72.8 −11.3pp Cons. · Japanese GAAP
FYE Mar 2010 49.6 −23.2pp Cons. · Japanese GAAP
Definition
How much of the balance sheet is funded without debt
Formula
Equity ÷ total assets
Source
Securities report (XBRL)

ROE return on equity

FYE Mar 2010 -19.1%
Average · 9 yrs -4.6%
Fiscal year ROE % YoY Basis
FYE Sep 2001 n/a n/a Cons. · Japanese GAAP
FYE Sep 2001 1.9 n/a Cons. · Japanese GAAP
FYE Sep 2002 6.9 +4.9pp Cons. · Japanese GAAP
FYE Sep 2003 4.1 −2.8pp Cons. · Japanese GAAP
FYE Sep 2004 6.7 +2.6pp Cons. · Japanese GAAP
FYE Sep 2005 8.0 +1.3pp Cons. · Japanese GAAP
FYE Sep 2006 -23.4 −31.4pp Cons. · Japanese GAAP
FYE Sep 2007 18.0 +41.4pp Cons. · Japanese GAAP
FYE Mar 2009 -44.5 −62.5pp Cons. · Japanese GAAP
FYE Mar 2010 -19.1 +25.4pp Cons. · Japanese GAAP
Definition
What the shareholders' capital earns
Formula
Net profit ÷ equity
Source
Securities report (XBRL)

ROA return on assets

FYE Mar 2010 -9.5%
Average · 9 yrs -2.5%
Fiscal year ROA % YoY Basis
FYE Sep 2001 n/a n/a Cons. · Japanese GAAP
FYE Sep 2001 1.6 n/a Cons. · Japanese GAAP
FYE Sep 2002 4.9 +3.3pp Cons. · Japanese GAAP
FYE Sep 2003 2.9 −1.9pp Cons. · Japanese GAAP
FYE Sep 2004 3.6 +0.6pp Cons. · Japanese GAAP
FYE Sep 2005 4.7 +1.1pp Cons. · Japanese GAAP
FYE Sep 2006 -13.0 −17.7pp Cons. · Japanese GAAP
FYE Sep 2007 15.2 +28.2pp Cons. · Japanese GAAP
FYE Mar 2009 -32.4 −47.5pp Cons. · Japanese GAAP
FYE Mar 2010 -9.5 +22.9pp Cons. · Japanese GAAP
Definition
What the whole balance sheet earns
Formula
Net profit ÷ total assets
Source
Securities report (XBRL)

Asset turnover

FYE Mar 2010 0.40×
CAGR · 9 yrs −1.8%
Fiscal year Asset turnover × YoY Basis
FYE Sep 2001 n/a n/a Cons. · Japanese GAAP
FYE Sep 2001 0.46 n/a Cons. · Japanese GAAP
FYE Sep 2002 0.63 +35.9% Cons. · Japanese GAAP
FYE Sep 2003 0.65 +3.1% Cons. · Japanese GAAP
FYE Sep 2004 0.31 −52.7% Cons. · Japanese GAAP
FYE Sep 2005 0.24 −22.9% Cons. · Japanese GAAP
FYE Sep 2006 0.44 +85.4% Cons. · Japanese GAAP
FYE Sep 2007 0.42 −5.1% Cons. · Japanese GAAP
FYE Mar 2009 0.40 −4.5% Cons. · Japanese GAAP
FYE Mar 2010 0.40 +0.9% Cons. · Japanese GAAP
Definition
How much revenue each yen of assets produces
Formula
Revenue ÷ total assets
Source
Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn
Operating CF Investing CF Financing CF

Cash against debt

¥ bn
Cash and equivalents

Operating cash flow

FYE Mar 2010 -¥8.6bn
Average · 9 yrs -¥4.5bn
Fiscal year Operating cash flow ¥ bn YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 0.1 n/a Cons. · Japanese GAAP
FYE Sep 2002 -0.5 −1164.7% Cons. · Japanese GAAP
FYE Sep 2003 1.4 n/a Cons. · Japanese GAAP
FYE Sep 2004 10.3 +654.3% Cons. · Japanese GAAP
FYE Sep 2005 6.7 −35.0% Cons. · Japanese GAAP
FYE Sep 2006 -4.8 −171.6% Cons. · Japanese GAAP
FYE Sep 2007 -1.5 n/a Cons. · Japanese GAAP
FYE Mar 2009 -43.2 n/a Cons. · Japanese GAAP
FYE Mar 2010 -8.6 n/a Cons. · Japanese GAAP
Definition
Cash the business itself generated
Formula
Cash flow from operating activities
Source
Securities report (XBRL)

Investing cash flow

FYE Mar 2010 ¥34bn
Average · 9 yrs ¥6.2bn
Fiscal year Investing cash flow ¥ bn YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 -1.3 n/a Cons. · Japanese GAAP
FYE Sep 2002 0.0 n/a Cons. · Japanese GAAP
FYE Sep 2003 -2.2 −4637.5% Cons. · Japanese GAAP
FYE Sep 2004 -7.7 n/a Cons. · Japanese GAAP
FYE Sep 2005 -71.1 n/a Cons. · Japanese GAAP
FYE Sep 2006 -20.0 n/a Cons. · Japanese GAAP
FYE Sep 2007 21.4 n/a Cons. · Japanese GAAP
FYE Mar 2009 103 +379.5% Cons. · Japanese GAAP
FYE Mar 2010 33.8 −67.1% Cons. · Japanese GAAP
Definition
Cash spent on, or released by, investment
Formula
Cash flow from investing activities
Source
Securities report (XBRL)

Financing cash flow

FYE Mar 2010 -¥71bn
Average · 9 yrs ¥8.8bn
Fiscal year Financing cash flow ¥ bn YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 0.5 n/a Cons. · Japanese GAAP
FYE Sep 2002 0.2 −56.8% Cons. · Japanese GAAP
FYE Sep 2003 6.2 +2723.1% Cons. · Japanese GAAP
FYE Sep 2004 35.2 +464.0% Cons. · Japanese GAAP
FYE Sep 2005 115 +225.8% Cons. · Japanese GAAP
FYE Sep 2006 0.0 −100.0% Cons. · Japanese GAAP
FYE Sep 2007 -2.4 −14164.7% Cons. · Japanese GAAP
FYE Mar 2009 -4.6 n/a Cons. · Japanese GAAP
FYE Mar 2010 -70.6 n/a Cons. · Japanese GAAP
Definition
Cash raised from, or returned to, lenders and shareholders
Formula
Cash flow from financing activities
Source
Securities report (XBRL)

Cash and equivalents

FYE Mar 2010 ¥24bn
CAGR · 9 yrs +32.3%
Fiscal year Cash and equivalents ¥ bn YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 2.6 n/a Cons. · Japanese GAAP
FYE Sep 2002 2.3 −10.6% Cons. · Japanese GAAP
FYE Sep 2003 7.7 +233.7% Cons. · Japanese GAAP
FYE Sep 2004 45.5 +490.4% Cons. · Japanese GAAP
FYE Sep 2005 95.7 +110.4% Cons. · Japanese GAAP
FYE Sep 2006 71.5 −25.3% Cons. · Japanese GAAP
FYE Sep 2007 89.1 +24.6% Cons. · Japanese GAAP
FYE Mar 2009 69.7 −21.8% Cons. · Japanese GAAP
FYE Mar 2010 24.3 −65.1% Cons. · Japanese GAAP
Definition
Cash on hand at the year end
Formula
Closing balance in the cash flow statement
Source
Securities report (XBRL)

Free cash flow

FYE Mar 2010 ¥25bn
Average · 9 yrs ¥1.7bn
Fiscal year FCF ¥ bn YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 -1.3 n/a Cons. · Japanese GAAP
FYE Sep 2002 -0.5 n/a Cons. · Japanese GAAP
FYE Sep 2003 -0.8 n/a Cons. · Japanese GAAP
FYE Sep 2004 2.6 n/a Cons. · Japanese GAAP
FYE Sep 2005 -64.4 −2556.1% Cons. · Japanese GAAP
FYE Sep 2006 -24.8 n/a Cons. · Japanese GAAP
FYE Sep 2007 20.0 n/a Cons. · Japanese GAAP
FYE Mar 2009 59.5 +198.4% Cons. · Japanese GAAP
FYE Mar 2010 25.2 −57.6% Cons. · Japanese GAAP
Definition
What is left once the business has paid for its own investment
Formula
Operating cash flow + investing cash flow
Source
Securities report (XBRL)

Operating cash flow margin

FYE Mar 2010 -32.2%
Average · 9 yrs -5.7%
Fiscal year OCF margin % YoY Basis
FYE Sep 2001 n/a n/a n/a
FYE Sep 2001 1.4 n/a Cons. · Japanese GAAP
FYE Sep 2002 -9.2 −10.6pp Cons. · Japanese GAAP
FYE Sep 2003 12.7 +21.9pp Cons. · Japanese GAAP
FYE Sep 2004 33.5 +20.8pp Cons. · Japanese GAAP
FYE Sep 2005 8.6 −24.9pp Cons. · Japanese GAAP
FYE Sep 2006 -3.5 −12.1pp Cons. · Japanese GAAP
FYE Sep 2007 -1.5 +2.0pp Cons. · Japanese GAAP
FYE Mar 2009 -60.9 −59.4pp Cons. · Japanese GAAP
FYE Mar 2010 -32.2 +28.7pp Cons. · Japanese GAAP
Definition
How much of the revenue turned into cash
Formula
Operating cash flow ÷ revenue
Source
Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2010 357people
Change · 9 yrs +138 people
Fiscal year Group employees people YoY Basis
FYE Sep 2001 n/a n/a Cons.
FYE Sep 2001 219 n/a Cons.
FYE Sep 2002 296 +35.2% Cons.
FYE Sep 2003 359 +21.3% Cons.
FYE Sep 2004 1,019 +183.8% Cons.
FYE Sep 2005 2,456 +141.0% Cons.
FYE Sep 2006 3,539 +44.1% Cons.
FYE Sep 2007 1,156 −67.3% Cons.
FYE Mar 2009 1,066 −7.8% Cons.
FYE Mar 2010 357 −66.5% Cons.
Definition
Everyone employed across the group
Formula
Consolidated headcount, from the employee section of the filing
Source
Securities report (XBRL)

Parent-company employees

FYE Mar 2010 n/a
Change · 5 yrs +546 people
Fiscal year Parent-company employees people YoY Basis
FYE Sep 2001 n/a n/a Parent
FYE Sep 2001 153 n/a Parent
FYE Sep 2002 220 +43.8% Parent
FYE Sep 2003 289 +31.4% Parent
FYE Sep 2004 464 +60.6% Parent
FYE Sep 2005 699 +50.6% Parent
FYE Sep 2006 n/a n/a Parent
FYE Sep 2007 n/a n/a Parent
FYE Mar 2009 n/a n/a Parent
FYE Mar 2010 n/a n/a Parent
Definition
Employees of the filing company itself
Formula
Parent-only headcount, from the employee section of the filing
Source
Securities report (XBRL)

Revenue per employee

FYE Mar 2010 ¥75.0m
Change · 9 yrs +¥58.5m
Fiscal year Revenue per employee ¥ m YoY Basis
FYE Sep 2001 n/a n/a Cons.
FYE Sep 2001 16.4 n/a Cons.
FYE Sep 2002 19.9 +21.0% Cons.
FYE Sep 2003 30.2 +51.5% Cons.
FYE Sep 2004 30.3 +0.5% Cons.
FYE Sep 2005 31.9 +5.4% Cons.
FYE Sep 2006 39.0 +22.0% Cons.
FYE Sep 2007 84.2 +116.1% Cons.
FYE Mar 2009 66.6 −20.9% Cons.
FYE Mar 2010 75.0 +12.6% Cons.
Definition
What each employee accounts for in revenue
Formula
Revenue ÷ group employees
Source
Securities report (XBRL)

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