Wowow Inc. · TSE:4839
Wowow — Q3 FY2025 Earnings Presentation
19 slides from Wowow's earnings presentation, Jan 30, 2026
Slide 1: FY2025 3Q Earnings Announcement
WOW OW FY2025 3Q Earnings Announcement Event Summary Date : January 30, 2026 15:30-16:30 Speakers : Hitoshi Yamamoto Representative Director, President & CEO Junichi Onoue Board Director, Senior Managing Executive Officer Tami Ihara Board Director, Senior Managing Executive Officer Presentation Mode
Slide 2: 3Q FY2025 Earnings Highlights: Income & Expenditure
WOW OW P20 F¥2026 Earnings Hishlights0) A Income & Expenditure (Consolidated) @ Revenue : Despite decrease in “Membership Revenue” , increased due to an increase in business revenues such as events and sales of group companies @ Ordinary Income : Increased due to higher revenue and lower expenses su
Slide 3: 3Q FY2025 Earnings Highlights: New Subscription
WOW OW 3Q FY2025 Earnings Highlights@ New Subscription @ Gross New Subscriptions : Sports and Music contents received favorable reviews, but decreased due to the broadcast/transmitted of Serial Drama W GOLDEN KAMUY —The Hunt of Prisoners in Hokkaido— in the same period of the previous fiscal year @
Slide 4: Business alliance with NTT DOCOMO in the content field
WOW OW Business alliance with NTT DOCOMO in the content field Wwowow Production of large original dramas, enhancement of popular sports content, and significantly expanding live music contents WOWOW docomo ©2026 WOWOW INC. 5 Slide five. In November last year, we concluded a business alliance agreeme
Slide 5: Consolidated income statement (Millions of yen)
WOW OW ES (Millions of yen) Previous Period 3Q FY2024 3Q FY2025 Comparison Result ae Result soe Difference YoY Revenue 56,444 100.0% feyan comm leleKey7. 681 101.2% Operating * Income 1,497 2.7% MR 7.0% 2,475 265.3% Ordinary a Income 2,201 3.9% MR Mefole) 8.2% 2,464 211.9% Profit pene, 689 oe 3,205
Slide 6: 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 (-) Income end (Millions of yen) Other business wepeyners Membership income and of group = Other Revenue expenditure Technical companies +252 -2,474 Monthly (Non- Expense +296
Slide 7: Comparison of Consolidated Revenue/Operating Income by Segment
WOW OW Comparison of Consolidated Revenue /Operating Income by Segment WwOWOW Media and Content Mitions of yer) Telemarketing (Miions of yen) Revenue Operating Income Revenue Operating Income 7,707 52,140 51,838 7,059 . . 3,938 - Other 10,098 32 1,692 | -198 30QFY2024 30QFY2025 3QFY2024 3QFY2025 3QF
Slide 8: 3Q FY2025 Subscription
WOW OW 3Q FY2025 Subscription wowow (Thousands) Previous Period Comparison Difference YoY Gross New Subsaripiiaris 539 445 -95 82.4% Cancellations 606 -13 97.8% Net New rane - -8] = Subscriptions 66 8 Net Cumulative Subscriptions 2,401 -189 92.1% Of these, multi- subscriptions"! 320 -25 92.1% Of the
Slide 9: Change in Program Cost
WOW OW Change in Program Cost Wwowow Broadcasted/transmitted major content such as TOKYO VICE Season2 and Serial Drama W GOLDEN KAMUY—The Hunt of Prisoners in Hokkaido—in the same quarter of the previous year (Millions of yen) mmm Program costs ~e—Percent of revenue 27,083 26,025 25,692 25,735 (Mill
Slide 10: FY2025 Income & Expenditure Plan
WOW OW FY2025 Income & Expenditure Plan Wwowow (Millions of yen) FY2024 Initial FY2025 Comparison Result Fasant at Plan pointy Difference YoY Revenue 76,757 een 76,600 100.0% -157 99.8% Operating 0 7 inconie 2,036 2.7% 700 0.9% 1,336 34.4% Ordinary 0 . imecrae 2,997 3.9% Teele) 2.0% 1,497 50.0% Prof
Slide 11: FY2025 Subscription Plan
WOW OW Fey2025 subscrintion Pian (Thousands) - Comparison Result Initial FY2024 FY2025 Plan Difference YoY Net New _ Subscriptions La ’ Net Cumulative 2.360 -100 95.8% Subscriptions ©2026 WOWOW INC. 13 Slide 13 explains the situation of subscriptions. The number of net new subscriptions was minus 10
Slide 12: 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 13: Initiatives under the partnership with NTT DOCOMO
WOW OW NTITKAECCAYFIYVIYABORBRE IC OWT wowow BALEA YU VIL EFVO ABAR—VYAVFUIO FIA aE SEBS KB SS CHAMPIONS LEAGUE CRAME RRA C218 W BRI FAVTVIYOKEGHEE DREAMS COME TRUE, #75, MISIAGEAR?—TF4AbOIAYTYVERHABREBE LCRA ©2026 WOWOW INC | 16 Ihara: Hello everyone. My name is Ihara, and | am in charge of members
Slide 14: Original drama Kitakata Kenzo Suikoden
' it y a im i pa % yy a eH a= WEF AZ TAL RE 7K I 2A15B (8) A2—b 27 CRAMER cas WONOW-NITES= BRAT Fy7AK- h-hityey ©2026 WOWOW INC. 7 Slide 17. Finally, the drama series "Kitakata Kenzo Suikoden" will be broadcast and distributed starting February 15. Suikoden depicts the way of life of those who fight
Slide 15: Upcoming highlighted programs
WOW OW | ccna | THE * 5 Si SI8HvVAFS—-HB | GRAMMY Bay ®O8E775—K RAT comm } AWARDS REx" 1 : 228 (A) *ii9:00 3A 168 (A) F#8:00F£ *WOWOWA YF Vy KCI RN y A— a UEFA BRA-FYT=A FryveAYRY-J 18188 (8) ~2A28 (A) AARIE piesa | 38118 (k) ~198 (A) maShe ©2026 WOWOW INC. 18 On slide 18, we present our upcoming hi
Slide 16: WOWOW FILMS Golden Kamuy film release
WOW OW WOWOW FILMS Fy FYALT MEBRRE his 20264F3A 13H (@) 2hak 5 aL / SVE ALA SAE Sin. Sk OL BES IVIAXx ©2026 WOWOW INC | 19 Slide 19. Our flagship content, Golden Kamuy — Abashiri Kangoku Shugeki Hen-, will finally be released on Friday, March 13. The film version released in January 2024 attracted o
Slide 17: Question & Answer
WOW OW Question & Answer Moderator [M]: We will now move on to the question-and-answer session. Questioner A [Q]: | have one question. While membership revenue declined, business revenue such as events increased due to higher sales. Does this “event-related revenue” specifically refer to WESSION FES
Slide 18: Question & Answer (continued)
WOW OW to achieve our annual plan for subscription acquisition, including sports content and its promotion, and naturally, these subscriptions will have an impact on earnings in the next fiscal year and beyond. This amount has increased by about JPY3 billion. On the other hand, overall subscriptions
Slide 19: Closing remarks
WOW OW hit. In addition, this year marks an important phase in advancing WOWOW’s structural transformation. By actively pursuing two key initiatives—the launch of a new SVOD service and the further strengthening of our content partnership with NTT DOCOMO—we aim to move forward toward a renewed WOWOW