Wowow Inc. · TSE:4839
Wowow — Q2 FY2025 Earnings Presentation
21 slides from Wowow's earnings presentation, Oct 31, 2025
Slide 1: FY2025 2Q Earnings Announcement
WOW OW FY2025 2Q Earnings Announcement Event Summary Date : October 31, 2025 15:30-16:30 Speakers : Hitoshi Yamamoto Representative Director, President & CEO Junichi Onoue Board Director, Senior Managing Executive Officer Tami lhara_ Board Director, Senior Managing Executive Officer Presentation Mod
Slide 2: Income & Expenditure (Consolidated)
WOW OW Income & Expenditure (Consolidated) @ Revenue increased due to an increase in sales of group companies and other factors, despite decrease in “Membership Revenue” © Ordinary income increased due to an increase in revenue, a decrease in expenses and other factors (Millions of yen} 2Q FY2024 2Q
Slide 3: 2Q FY2025 Highlights: New Subscription
WOW OW 2Q FY2025 Highlights‘ New Subscription ®@ Music contents such as Mrs. GREEN APPLE and SUMMER SONIC 2025 received favorable reviews, but gross new subscriptions decreased due to the launch of WOWSPO and broadcast/transmitted of UEFA EURO 2024 in the same period of the previous fiscal year (Int
Slide 4: 2Q FY2025 (Interim Period) Income & Expenditure
WOW OW 2Q FY2025 (Interim Period) Income & Expenditure WOW OW (Milliors of yen) Previous Period 2Q FY2024 2Q FY2025 Comparison Result Pereent ot Result Pate Difference YoY Revenue 37,361 eee 37,566 100.0% 204 100.5% Operating a anenie 1,212 3.2% Teka 4.3% 419 134.6% Ordinary 0 ncerne 1,605 meee 62,1
Slide 5: Consolidated Ordinary Income Factors in Difference from Previous Period
WOW OW Consolidated Ordinary Income Factors in Difference from Previous Period WOW OW Increase Factors (+) Decrease Factors (-) Other Membership (Milliors of yen) evenue +348 -1,361 Technical Monthly Expense Income and Platform == #235 expenditure Fees") ctor 4240 companies 337 Program cost +911 (Ot
Slide 6: Comparison of Consolidated Revenue/Operating Income by Segment
Comparison of Consolidated Revenue /Operating Income by Segment WoW Ow Media and Content (Millions cf yen) Telemarketing (Mill'cns of yen) Revenue Operating Income Revenue Operating Income 34,527 33,949 5,243 4,559 -187 20rY2024 20rY2025 2aFY2024 2QFY2025 2QFY202¢ 2QFY2625 20rv2024 POFY?025, “‘Tigur
Slide 7: Subscription Status (Thousands)
WOW OW (housands) Previous Period Comparison 2Q FY2024 2Q FY2025 Difference YoY Gross New - Subscriptions 363 344 -19 94.8% Cancellations 429 405 -24 94.5% Net New Subscriptions 66 61 5 Net Cumulative Subscriptions 2,401 -103 95.7% Of these, multi- subscriptions*! 327 -23 93.0% Of these, hotel subsc
Slide 8: Change in Program Cost
WOW OW Change in Program Cost WwOWOW Broadcasted/transmitted major content such as TOKYO VICE Season2 and UEFA EURO 2024 in the same quarter of the previous year (Mill'ons ot yen) mmm Program costs —ePercenl af revenue (nor-corsolidaled) 27,083 26,025 25,692 25,735 (Millions of yea} (PaeeeU SS) 42.3
Slide 9: FY2025 Income & Expenditure Plan
WOW OW FY2025 Income & Expend re Plan WOWOW (Milions of yer) FY2024 Initial FY2025 Comparison Result 5 peeled Plan pobertiye Difference YoY Revenue 76,757 100.0% Brgomeyolo mm Keleney75 -157 99.8% Operating 0 r eerie 2,036 2.7% 700 0.9% 1,336 34.4% Ordinary 0 : meseie 2,997 3.996 TN eelele) 2.0% 1,4
Slide 10: FY2025 Subscription Plan
WOW OW FY2025 Subscription Plan wowow (Thousands) Comparison Result Initial P FY2024 FY2025 Plan Difference YoY Net New Subscriptions “107 ’ 7 Net Cumulative 2360 -100 95.8% Subscriptions £2075 WOWOW INC. 12 Slide 12 is the 2025 subscription plan. The subscription plan is unchanged from the May anno
Slide 11: Dividend Plan for FY2025
WOW OW Dividend Plan for FY2025 wowow Dividend Policy The Company aims for uninterrupted and stable dividends while retaining sufficient earnings by taking into consideration each fiscal year's business performance, strengthening of financial structure, medium- to long- term business strategy and ot
Slide 12: Upcoming key programs
WOW OW AVYSFIVE DY EMR + BE BeKIVW yrk9I-J 11238 (8-8) 29—b [25%] FIR / Mie «2025 WOWOW AK SW HHA BANY v IL AKATA "OSA BOB rab a aR mTIDI 202642A 158 (a) 29—b 12278 (+) . 288 (A) [2498] ©2025 WOWOW INC | 15 Ihara: Hello everyone. My name is Ihara, and | am in charge of the membership business. Slide
Slide 13: WOW FILMS
WOW OW WOW FILMS matte wowow WIND BREAKER/ Ll I4vREAFLTA— MERARLE 12A58 (#) 2H cbaiiaatislaads md an SES /MIRR © 2025 TWNDBREAKER, BMPRI eMPEY AIL /RIRA © 2026 FIL Dt, BURA ©2025 WOWOW INC | 16 Slide 16. In an effort to increase earnings outside of broadcasting and distribution services, we are also
Slide 14: Triple plan
WOW OW KUFILFTY HM wowow 387 NT AR CHRD! "KUPILAIU, v—-E ARE MSFN AS, BAI. TDR TUSPS RSNA, 3D. RIA PICKLHS. MAPVEIST. RLOS. YEYITOEB TH, BEOWUS BMD WDTEWOWOWD SMB. FRIEUIE. BESOBV. "RB GAS HERB Saosin b. PIAMEHISHBU, ©2025 WOWOW INC | 17 Slide 17 is about the triple plan. Aiming to improve the conve
Slide 15: Medium-term management plan initiatives
WOW OW TSPCEESKAIN Fern) SHPREBCOH< BA EER AROS SOS MeBLIERTS ©2025 WOWOW INC. | 18 Slide 18. As you can see, under the medium-term management plan announced in May of this year, we will continue to develop a variety of businesses targeting adults who live with passion and enthusiasm. In this issue,
Slide 16: WOWOW Hyakkaten e-commerce service
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Slide 17: Fukuju-tabi double-residence travel
WOW OW FLETF ABER: MRMSERAFH "REM wowow Pc HTMiEO Me Bisl. SMAD ie COMMEERS ARBY—UAL Bik OB RRS hits BADE SHE 42 1E TR FUKUJU-TABL by WOWOW ©2025 WOWOW INC. | 20 Slide 20 is about double occupancy travel. In October, we began a business validation regarding multi-residential travel, Fukuju-tabi, an
Slide 18: Question & Answer
WOW OW Question & Answer Moderator [M]: We will now move on to the question-and-answer session. Questioner A [Q]: The first point is about WOWOW Hyakkaten. | think you mentioned earlier that there was a response to the higher-priced items. Although you have only been in business for a short time, we
Slide 19: Question & Answer (continued)
WOW OW separated from broadcasting. The target audience is assumed to be the same adult generation as the WOWOW Hyakkaten. We are considering the contents of the service to see if we can develop the service for the adult generation who want to enjoy entertainment. We will provide further details as
Slide 20: Question & Answer (continued)
WOW OW increase membership income. On the other hand, we hope to generate more than enough revenue to compensate for this by introducing new services tied to our membership base, including the content we have introduced. By changing our revenue base in this way, we hope to secure a certain level of
Slide 21: Closing remarks
WOW OW Yamamoto [M]: Once again, thank you very much for attending today’s financial results meeting. As mentioned in the questions, it has been about six months since we announced our medium-term management plan in May of this year. In October this year, WOWOW Hyakkaten started its operation based