Asahi Broadcasting Group Holdings Corporation · TSE:9405
Asahi Broadcasting — FY2025 Earnings Presentation
37 slides from Asahi Broadcasting's earnings presentation, May 19, 2025
Slide 1: Presentation for the Fiscal Year Ended March 31, 2025
Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Presentation for the Fiscal Year Ended March 31, 2025 May 19, 2025 Securities Code:
Slide 2: Matters to be reported
Matters to be reported Financial Results Briefing for the Fiscal Year Ended March 2025 • Points of the Financial Results P4 • Consolidated Results and Segment Information P5～ • Asahi Television Broadcasting (ABC TV) Results P12～ • Priority Measures P24～ © Asahi Broadcasting Group Holdings Corporatio
Slide 3: Greetings
Greetings Masayuki Nishide President, Executive Officer Asahi Broadcasting Group Holdings Corporation © Asahi Broadcasting Group Holdings Corporation All rights reserved. 3
Slide 4: Points of the Financial Results
Points of the Financial Results Fiscal Year Ended March 31, 2025 Consolidated Broadcasting and Content Lifestyle • Increase in net sales and profit • Increase in net sales and profit • Decrease in net sales and profit • Higher consolidated net sales for a • Spot sales revenue was strong with the • D
Slide 5: Consolidated Results
Consolidated Results Yoko Kumada Executive Officer (Accounting and Finance) Asahi Broadcasting Group Holdings Corporation © Asahi Broadcasting Group Holdings Corporation All rights reserved. 5
Slide 6: Consolidated Results
Consolidated Results Higher sales and profit with strong performance in the TV broadcasting business, stemming from the recovery in the broadcast advertising market and high viewer ratings, as well as improvement in the at-home shopping business. Significant increase in profit attributable to owners
Slide 7: Results by Consolidated Segment
Results by Consolidated Segment The broadcasting and content business posted higher sales and profit, while the broadcasting business saw significant year-on-year growth, offsetting the decrease in the content business. The lifestyle business posted lower sales and profit, while the housing business
Slide 8: Performance by Consolidated Segment
Performance by Consolidated Segment Net Sales Operating Profit 56,130 55,516 55,974 58,765 (Millions of yen) (Millions of yen) 16,960 Broadcasting 14,534 14,198 14,499 Q4 15,381 14,850 15,925 15,668 Q3 3,654 12,907 13,283 12,868 13,353 Q2 2,824 Q1 2,602 13,308 13,185 12,682 12,784 1,938 2,075 1,607
Slide 9: FY2026/3 Consolidated Financial Results Forecasts
FY2026/3 Consolidated Financial Results Forecasts Although the broadcasting and content business will likely see sales and profit slightly down from level year on year, improvement in the lifestyle business should support our expectation for higher sales and profit. Profit attributable to owners of
Slide 10: FY2026/3 Financial Results Forecasts by Segment
FY2026/3 Financial Results Forecasts by Segment (Millions of yen) FY2025/3 (actual) FY2026/3 YoY % Change Broadcasting and Content (Total) 78,529 78,100 (429) (0.5%) Details Broadcasting* 58,765 53,900 (4,865) (8.3%) Content* 19,707 24,100 4,392 22.3% Net Sales Other 56 100 43 77.8% Lifestyle (Total
Slide 11: Dividends (Dividend Policy)
Dividends (Dividend Policy) Returning appropriate levels of profits to all shareholders is one of the most important management issues for the Company. With respect to the distribution of profits, given the Company’s responsibility as a certified broadcasting Dividend Policy holding company, it will
Slide 12: Results of ABC TV
Results of ABC TV Toshiaki Imamura Director, Managing Executive Officer Asahi Broadcasting Group Holdings Corporation Representative Director and President Asahi Television Broadcasting Corporation © Asahi Broadcasting Group Holdings Corporation All rights reserved. 12
Slide 13: Results of ABC TV
Results of ABC TV Higher sales and profit with strong performance of broadcast advertising revenue; significant increase in profit in the second half, in particular, with significant growth of spot sales revenue. (Millions of yen) FY2024/3 FY2025/3 YoY % Change Net Sales 58,638 61,163 2,525 4.3% Ope
Slide 14: Details of ABC TV Revenue
Details of ABC TV Revenue (Millions of yen) FY2022/3 FY2023/3 FY2024/3 FY2025/3 YoY Change Factors • Recovery in the broadcast advertising market Broadcasting • Increase in the share of TV spot advertising Business Revenue 50,502 49,534 50,122 52,731 2,609 revenues with strong viewer ratings • ACN E
Slide 15: Trends of ABC TV Major Broadcasting Business Revenues
Trends of ABC TV Major Broadcasting Business Revenues Increase in sales across all categories with the recovery in the broadcast advertising market and high viewer ratings. In particular, highly profitable spot sales revenue rose sharply in the second half, contributing the large increase in profit.
Slide 16: ABC TV Spot Revenue (Quarterly Performance)
ABC TV Spot Revenue (Quarterly Performance) Strong full-year performance (1H 102.1%; 2H 103.7%) in spot sales in the Kansai region with the recovery in the TV advertising market. In addition, the Company performed well with high viewership ratings, exceeding spot sales in the local market since Q2.
Slide 17: ABC TV Spot Revenue (By Top Industries)
ABC TV Spot Revenue (By Top 20 Industries） *Year-on-year comparisons April 2023 - March 2024 April 2024 - March 2025 Rank Industry YoY* Composition rate YoY* Composition rate 1 Transportation/Leisure/Food Services/Services 108.6% 14.7% 99.3% 13.9% 2 Foods 106.0% 9.8% 105.4% 9.8% 3 Beverages/Liquors
Slide 18: Viewer Ratings in Kansai Region April 2024 - March 2025
Viewer Ratings in Kansai Region for April 2024 - March 2025* [ Individual All ] Top spot in all-day and prime for a second consecutive year; top spot for the first time in 11 years for golden time and seven years for prime 2. All Day Golden Time Prime Time Prime 2 ABC （TV Asahi network） (6:00-24:00)
Slide 19: Trends of Viewer Ratings Ranking in Kansai Region Over 4 Years
Trends of Viewer Ratings Ranking in Kansai Region (Individual ALL) Over 4 Years (FY2021-2024) All Day (6:00-24:00) Golden Time (19:00-22:00) ABC （TV Asahi network） MBS （TBS network） KTV （Fuji TV network） YTV Prime Time (19:00-23:00) Prime 2 (23:00-25:00*) （Nippon TV network） NHK *1:00 a.m. the next
Slide 20: FY2026/3 ABC TV Results Forecasts
FY2026/3 ABC TV Results Forecasts (Millions of yen) FY2025/3 (actual) FY2026/3 YoY % Change Net Sales 61,163 58,800 (2,363) (3.9%) Operating Expenses 57,900 56,100 (1,800) (3.1%) Operating Profit 3,263 2,700 (563) (17.3%) Ordinary Profit 3,292 2,700 (592) (18.0%) Content Production Expenses* 19,761*
Slide 21: FY2026/3 ABC TV Revenue Forecasts
FY2026/3 ABC TV Revenue Forecasts (Millions of yen) FY2025/3 (actual) FY2026/3 YoY % Change Broadcasting Business Revenue* 50,963 47,900 (3,063) (6.0%) Spot 31,052 30,500 (552) (1.8%) Network (Time) 13,784 11,400 (2,384) (17.3%) Local (Time) 5,608 5,600 (8) (0.2%) Content Business Revenue* 9,933* 10
Slide 22: TV Business Topics 1: Expo 2025 Osaka, Kansai, Japan
TV Business Topics 1 Nearly 100,000 Visitors per Day! Using Expo 2025 Osaka, Kansai, Japan for Regional Co-creation and Content Business Initiatives Brand Enhancement Co-Creating With Highly Engaging IP x STARTO ENTERTAINMENT x LDH-Affiliated Artists • Using documentary and variety programs to Baby
Slide 23: TV Business Topics 2: Expand the Multiple Uses of Programs
TV Business Topics 2 Content Business Initiatives Expand the Multiple Uses of Programs Streaming/Merchandising Special Year-End and Streaming of Nationwide Dramas, Music, Etc. Streaming of Popular Program to Reach All of Japan New Year’s Programs Aiseki Shokudo (11:16 p.m on Tuesdays in Kansai area)
Slide 24: Priority Measures for the Future
Priority Measures for the Future Masayuki Nishide President, Executive Officer Asahi Broadcasting Group Holdings Corporation © Asahi Broadcasting Group Holdings Corporation All rights reserved. 24
Slide 25: Medium-Term Management Strategy 2021-2025 Performance
Medium-Term Management Strategy 2021-2025 Performance Net sales rose steadily in response to business expansion through M&A and new businesses; operating profit margin ratio fluctuated significantly due to the impact of prior investments and delays in improving profitability. Net Sales Operating Pro
Slide 26: FY2024 Initiatives: Four Projects to Improve Profitability
FY2024 Initiatives Launched four projects to improve profitability and reform business. Next-Generation Group Reform Project Profit Improvement Business Reform New Investment Guideline Future Vision Project Project Formulation Project Formulation Project Business Strategy Emphasizing profit Reviewed
Slide 27: Considering Financial Strategy for the New Medium-Term Management Plan
Considering Financial Strategy for the New Medium-Term Management Plan We have started to study the next medium-term management plan as a project to formulate a vision for the future. Incorporate Into a New Medium-Term Management Plan • Organize the group's business portfolio into six businesses, es
Slide 28: Business Strategy Revising Business Strategy Classifications
Business Strategy Revising Business Strategy Classifications Business Strategy Committee drives the execution of strategies for each strategic business group and issue resolution. Management Strategy Headquarters Cooperation Content Strategy Headquarters of Asahi Broadcasting Group Holdings Manageme
Slide 29: Financial Strategy: Cash In and Cash Allocation
Financial Strategy Considering Financial Strategy for the New Medium-Term Management Plan We prioritized fund raising in fiscal 2024. In fiscal 2025, we will create a new medium-term management plan and consider our cash allocation policy in light of capital profitability and shareholder returns. Ca
Slide 30: Human Capital Strategy
Human Capital Strategy Pursuing Corporate Transformation by Leveraging Human Capital Strengthen and diversify human resources throughout the Group to remain a trusted media group. Our Vision Develop human capital who will create our future Building a Talent Portfolio Aligned With Business Strategy S
Slide 31: Reference Materials
Reference Materials © Asahi Broadcasting Group Holdings Corporation All rights reserved. 31
Slide 32: Capital Investments/Depreciation and Amortization
Capital Investments/Depreciation and Amortization FY2026/3 FY2024/3 FY2025/3 (forecasts) Consolidated ABC TV Consolidated ABC TV Consolidated ABC TV Capital Investments ¥4.0bn ¥2.1bn ¥5.8bn ¥1.7bn ¥5.0bn ¥1.5bn Depreciation and ¥3.6bn ¥1.7bn ¥3.5bn ¥1.7bn ¥3.7bn ¥1.8bn Amortization © Asahi Broadcast
Slide 33: Major Group Companies ① Broadcasting and Content Business
Major Group Companies ① <Broadcasting and Content Business> (Millions of yen) Net Sales Operating Profit FY23/3 FY24/3 FY25/3 YoY FY23/3 FY24/3 FY25/3 YoY ◼ ABC Radio 2,407 2,395 2,471 75 183 79 55 (23) ◼ sky-A 3,756 3,867 3,889 21 217 76 71 (5) ◼ ABC Frontier 1,681 1,806 2,367 561 9 57 142 85 ◼ ABC
Slide 34: Major Group Companies ② Lifestyle Business
Major Group Companies ② <Lifestyle Business> (Millions of yen) Net Sales Operating Profit FY23/3 FY24/3 FY25/3 YoY FY23/3 FY24/3 FY25/3 YoY ◼ ABC Development 10,201 9,927 9,176 (750) 502 640 401 (239) ◼ ABC FUN LIFE 2,481 1,858 2,084 226 61 (255) 7 262 ◼ ABC GOLF CLUB 986 1,027 1,042 14 59 48 39 (9)
Slide 35: ABC TV Viewer Ratings in Kansai Region (Household)
ABC TV Viewer Ratings in Kansai Region for April 2024 - March 2025* [ Household ] All Day Golden Time Prime Time Prime 2 ABC （TV Asahi network） (6:00-24:00) (19:00-22:00) (19:00-23:00) (23:00-25:00**) 1 ABC ABC ABC ABC / YTV MBS （TBS network） 6.3% 8.8% 9.2% 4.6% KTV YTV YTV YTV *** （Fuji TV network）
Slide 36: ANN's TV Network
ANN’s TV Network Asahi Television Broadcasting Corporation ◼ Headquarters: Osaka ◼ Area: Kinki region (Osaka, Hyogo, Kyoto, Shiga, Nara and Wakayama), some parts in Tokushima and Mie 21.30 million people 10.39 million households TV Asahi Corporation 43.48 million people 21.49 million households © As
Slide 37: Disclaimer
Disclaimer The financial results forecasts in the period in this presentation are determined on the information available at the moment. As a result, the information contains inherent risks and uncertainties. The outlook may significantly change due to external factors such as domestic and overseas
Asahi Broadcasting Group Holdings — FY2025 Earnings Presentation on 6ix