Wowow Inc. · TSE:4839

Wowow — FY2024 Earnings Presentation

37 slides from Wowow's earnings presentation, May 15, 2025

1. Slide 1: FY2024 Results Briefing

   ry cere 2025445A 15H cs 774 Line #estSHWOWOW — alas I—F : 4839

2. Slide 2: 1. FY2024 results summary

   1. 202447 E REIT ITh ©2025 WOWOW INC. 2

3. Slide 3: FY2024 results overview

   20245 ERA NAFTA LO wowow Wse GE te) CRLBIAAME HN "SAMA, DRDUKEOO, REBLEED 'ZOMMA, PTIL-TFRHO se L ABM Lie z EC EO IBN CRB mld, TLAORMICMA, ASSRACCOBRAORMNICS O1RR @ HAMA EIS, WURIRAO SES CICK O taht (cB AA) 20234E 202445 z= By RAL LB 74,869 1,887 102.5% eae 2,057 939 145.7% 2 BFR 1,092 A454 58.4% kT

4. Slide 4: FY2024 results by segment

   2024 ERA NATIT LOE wowow mA emt—ER 'WOWSPO, . BRR IVYW FAILPVYALT AER AAS SiR) BED PPE Ste CEC KO ARMA RISE. 7, ANB T Cle KO RIS SH © ERAN AER LA eh (GLA) cose wm ARAMARK 626 79 112.6% AERA 718 94 113.0% TE PRIMA Ag2 A15 = at iEPRON AEX 2,467 A107 95.6% ©2025 WOWOW INC. 4

5. Slide 5: 2. FY2024 results details

   2. 20247 RRA ©2025 WOWOW INC. 5

6. Slide 6: FY2024 income statement

   2024 ERE MEK CBM) wowow 20234E 2024fE By HALLE (Bia) Ris MALE Ris WAG ay Bay HALE stk 74,869 100.0% Bydcmracwaum Teleney7s 1,887 102.5% ae aileay 1,450 1.9% Fa ee Is) 2.1% 585 = 140.4% eB Flas 2,057 2.7% Pray 3.9% 939 = 145.7% ce RE! 8 G37 0.8% MevLy net KENEN AAA AMISH) OIFTTHO ET. K4BRSHFEABRT AH

7. Slide 7: Operating profit change factors

   +e Sl) Fl at SK OG BIR AO AR Wwowow (S628 7A) =REH8 Real Flee BEBE RAM RAA (Mal ssoAl + EARS EES 1 ARIE BBA BEAE RAE -AKF 7 YRIDOBGET-— CART 106184 UNTATR *FORARTAYI—-FYatFILVA-ML—-Yay OnASBKORVHERE 5868 AR HAA MSs TNLAF 4 PY—y OFT ©2025 WOWOW INC. 7

8. Slide 8: Net income change factors

   tie Flat WH CORREA WOW OW SemMZe (+) BmL2H) (A) (HPD EOtth SaMAR +32 A1,947 Boat balk fod +570 Se rRam +943 (#48 : 2,997 5A) YSBRORMAMML ORR, “+H, (HIRESEHR | 2,0578 FR) ZNENBAMABIA OCT ET. ©2025 WOWOW INC. 8

9. Slide 9: Cash flow and balance sheet

   CITAYhLUNBRELE/BSRAAW IE wowow AFaAP-AYFyYY ava TbY-TFAVFA (HS) rls Bera rls Bera 9,925 9.403 2,265 1,613 202345 2024 = A162 20235 20245 20235 20244 20235 20244 XENENA BSAA OTTO ET. A229 KRCIAY HORM, LT AY MME SA THO ET. ©2025 wowowinc. | 9

10. Slide 10: FY2024 results by segment

    20245 ERR MAK WOoWwow (BF) BU BALE PARDO AEX 112.6% PERVERT 113.0% TERRA AEX _ Bt EGR 95.6% rs) see 93.6% A) aA seK2 85 4 105.3% 1 -RHBICES 2RHEC 3RWAOTYY AVC HSE CBA (AB2 530A ORB e990A Ic B15]. RARISHIA) K2 MABRORS CHIT SOO MARSA ¢ OMB ©2025 WOWOW INC. | 10

11. Slide 11: Subscriber trends

    BWA OHB wowow (Bic AAA) mm See (BGA) ea Lm (BA) (Hb3K:%) 27,083 26,025 25,692 25,735 24,761 40.4% 20204 E 2021FE 20224 20234E 20244 XBUBIS TST BR KENEnAAAAMISH ORTTHOET. ©2025 WOWOWINC. | 11

12. Slide 12: Other topics

    BAHKOBRRSeNWRe LEKRARIR Wwowow RiFSROBCPMRB RMSE Ale, HNAOBRPRYF v-—IPVES @NRe LICRBE202343A FO kta 20245 Els 7 IL—F2AC34FORBERE STNLAT 4 PLY—YVORGTS S Sat a SL, BtexPe PYV-Y, AVIAN V3 eE ORs BM - Bete EC AA. TRV AK BSERCERH ene ‘ SMTAt CHSwowowls 1 -7—-Ya ea tSttcinra Se: tx T 1 rv ORMES, webt1hORS

13. Slide 13: 3. Shareholder returns

    3. BRIAR PERM Bi LICHREO SAIC IT Tet CEB Ri) le DLT ©2025 WOWOW INC. 13

14. Slide 14: Shareholder return policy

    fe ERM HH exXT1P-Y-ER (WK: MV —-ERA) CBU SHE NABT IY KDa—besBislet—eA "WOWSPO, hia 4K Fv YRIL WWOWOW 4K) OBGET-EARTICKS. TRARY 5S OFGR © MU-EAZOMBRICKS,. MEBMRORL >BE- AR-YIVTYVepdl, SEY-CACHEH - HR IME RO BABA COBITFFT OY Y a READER © DXOHHEBLOIAhMIEORE LICK SERHOME 0 AAFARORMSRECANK. RAOHE RESO a6

15. Slide 15: ROE and PBR trends

    RAD it -R ARISE C he Mh le DT - 2024FE To, KRRBSOMOMAERHLKEOO, RAMI KSSRMMY PHAIRARL KCESMBMYOSOBACRO, HEMdBAIAK*e ELGISROESEML TWA. PBRid, #iHOGASICKO, SEB OAATWS. HoOAAMMRS ( ROE ) #B RRMA ERs (PBR) #8 8.0% 1.54% NHOREBAIZ KIS 1.2% 4.8% OBE CHEE 6.0%- ------ 4-4 ~~ 2-2-2 2 nen nen ene 1.1 48 4.0%

16. Slide 16: 4. Medium-term management plan (2025-2029)

    4. PHAR Sat) (2025-2029) [COUT ©2025 WOWOW INC. 16

17. Slide 17: Medium-term management plan 2025-2029

    PHB StH (2025-2029FE) Ouest HAE St SROAmK en vn . culture Seam Contents lOFRESEKEU PABA Stel lee<o oy) DHS (2021-20254 E Community THUEX F 4 PDS IY FVYY - S43 =F 1HiN ©2025 WOWOW INC. 7

18. Slide 18: Management vision

    4HOBBSS wowow AE@WOW Cite L, SRP CES SKASCHEPT MAOLYI—-TFIYAVEERT EYay BECO Mle De < Ble ARs 'SRORmic“Sheieks SBR \OEIL EYRAETIL ©2025 WOWOW INC. 18

19. Slide 19: New streaming and services initiatives

    新たな 配信 「夢中で生きる大人」へ プレミアム な体験 サービス 感動や驚きなど心動く瞬間を 日常のあらゆる場面を通じ提供する EC 新規事業 サービス 新たなデジタルプラットフォームを構築し 新会員ビジネスを促進

20. Slide 20: Business model reform

    3 Se TH ia Wwowow SAP (BtoB) AVY-ABELUINY b A Kati Aa ice AY FY VIE FOIIV AYRE a Fore: , = caus § =<@ © : ©2025 WOWOW INC 20

21. Slide 21: BtoC and BtoB initiatives

    HERE (2025-2029) CSUSERRR AV AF AP - Y-EARAM - BEY —E RZ OM CHBE - WOWSPOlc i < Mfc Baca TEA Bde SA Re (BtoC) AY-AZABLOTNY bP -ECHKUSBU—E Zitillc k SIMA DI AAYAIWACHM LEMMAS SAE BA TRAM V-TF4YTRR, AY TY afr. (BtoB) FOSDY 3 VRB CBA ©2025 WOWOW INC. 21

22. Slide 22: New service plans

    amicaictst—eAz 2026 Fey = WABRSE & OP RREV—-E ARTI KEO AC fata COBRENRS BS ECH—EAZOLK 2025774 FRAP Ee DYFYY €BH ie AVUYVFIWAT y REED LYYXASRERSECU-ERZ RA Be FE 2026 LMR SRCEESKAD DI IAIAIA IbleM Lee PRB RO He ©2025 WOWOW INC. 22

23. Slide 23: Group collaboration and synergies

    マーケティング コンテンツ制作 支援 プロダクション業務 グループ間連携を強化し、シナジー創出による営業の推進

24. Slide 24: 5. Topics

    5. FRORMO td ©2025 WOWOWINC. | 24

25. Slide 25: WOWOW Muchulabo

    "WOWOW SBHOREDM [cBZ] 'WOWOW BHOKE SA HRY Th (55158 17:00 PE) https://corporate.wowow.co.jp/company/muchulabo, ©2025 WOWOWINC. | 25

26. Slide 26: Topics: services and events

    ECYU—-ERZOUX wowow YFY TSHR ORMP. SRPCEESAKAIEI—TF ble PAIZIAWVERES SH eR AY FY YEE OM FIIAI TIVE REA BORA | BLA-JYF=R ‘|| BSLekOLO HER GIFT FOR YOU ae * che: LPGAXFANLIYP— : UEFAF evEAYAY-F e*) sIO ® y 202 ee. A KhEDIYRA-TFUPE ME MmOMEP HAA OLASIEDS ©2025 WOWOWINC. | 26

27. Slide 27: WESSION festival event

    ZBUV-—-EAZAOTHE WOowow WOWOWEWEST. Off fA“ WESSION”’ Daag | BRB S5CFATLAOMEORE WOWOWxWEST. "WESSION" 6A298 (8) AY—k (@5E)) WESSION FESTIVAL 2025 Wy, ne faf28:10A12A(A). 138 (A-*) °wo ol wx BAR: Ace ae ROL ©2025 WOWOW INC. 27

28. Slide 28: Sports and event schedule

    Kaw SQee SW. AR 6A2948 (A) BUS: Bots BRK IYW I, KILL 5AISH (A) AY—b (B6a8) ROW yA UEFAF rPYEAYAZU—-F Bes GAB (A) ie: ACS a LPGARFANIYP— GA XY-+— KPMG2RXRF TOA RF 6A208 (#) ~238 (A) nae BCS ©2025 WOWOW INC 28

29. Slide 29: WOWOW Bridge and original content

    FOVIVaAVYVSXZOUXK wowow OBAD SORE 'Neuromancers? FBI: Y9—FYAatFIL4<RRE> ICEVSHFEN CORRE WOWOW BRIDGE C3i= Neuromancer 202649 Apple TV+ Cita FE WOWOW eee | B R | D G E WOWOW THE Bete OHAMSOR NHK@Slc C8AREPE ANAOREEREOLMLHFOIIY AY RBEWOWOW CRE ©2025 WOWOWINC. | 29

30. Slide 30: 6. FY2025 forecast

    6. 2025 Sat BOM ©2025 WOWOWINC. | 30

31. Slide 31: FY2025 earnings forecast

    202548 Ws st Bi (2%) 2024FR Rin 2025# 8 itH Rin INA Ee ate IRA Ee ZL 76,757 eee 76,600 100.0% ot 32 Fill fh 2,036 2.7% 700 0.9% E35 FRE 2,997 3.9% Flere) 2.0% 3g HR #28 637 0.8% 800 1.0% XBR : BAODLBILE LTH42Z0%E RAS (20255H MALE FP : 62,3008 AF) ABER BL — hb S11 RIL150F9 KtEhenaAAAMtH OI CTHOKT. WO

32. Slide 32: FY2025 forecast by segment

    20258 MAHHa WOW OW (BF) 202445 202548 RA EL +H ine Ue aiRAZe aUBALE ERM AMER A107 7 - Rat iEMOAE 2,360 A100 95.8% ©2025 WOWOWINC. | 32

33. Slide 33: FY2025 forecast details

    2025E RAHA (HA) wowow 20244 Bld lcHuk + CR, BRS AT LAORBERM. 20254 RE (CRO - AERP, BR BBY ATLAO RRA ETS PE me APSE mV TA Pm ORT (47372) 4,600 1,319 § 3,201 20214 2022 20234 2024 202547 23H XENZNAAAABADOBTCHOET. ©2025 WOWOW INC. 33

34. Slide 34: FY2025 dividend forecast

    202548 a4 wowow Bic 34 77 &t SERFROR, VBAR OM. PRARRMBSCeMANICHRRLT. ABBRORRER YD D D. MIC RENCE Bias 571 Bt SH /fc Se Mmm RCO RACY (Sic) ESA 132.8% ee 106.0% 60 s«1 50 » 2021FE 20224 20234 20244 2025 Bat iB ¥¢1 SHBE50F1+MSSORFSHY10F 2 20242 EMRE Y Id, 20254E5R 1 OH ICED YALEVRE SIC HSER E ©2025 WOW

35. Slide 35: |

    ©2025 WOWOWINC. | 35

36. Slide 36: IR Databook

    IR DATABOOK https://corporate.wowow.co.jp/ir/finance/databook/

37. Slide 37: Contact and disclaimer

    W_O WO W @WOWOW ° aki kondo/dwarf ABS SCRA SARC MORM PRIS, REAFL TW SIRT ES HUM ROR ECE ie KATA REO RIL THO, VAT PMERIEZ BA TWEETS RRORM(S, SKSKGBRICKO CHORAL CMRASBREGISSETLE THAME EFS Wo RRO RBI RECSARSBR cold, BHROYUATI—TEUOBRAME CO EC PARR, HeOMAGEMBENTHIET. Tete L, RMBICHBSSABSRRECNSICRESNSSOO

WOWOW — FY2024 Earnings Presentation on 6ix