Consolidated Financial Results for the Fiscal Year Ended March 31, 2026

May 11, 2026

Company name: Asahi Broadcasting Group Holdings Corporation Listing: Tokyo Stock Exchange

Securities code: 9405

URL: https://corp.asahi.co.jp/en/

Representative: Masayuki Nishide, President & CEO

Inquiries: Daisuke Niizuma, General Manager, Management Strategy Division Telephone: +81-6-6458-5321

Scheduled date of annual general meeting of shareholders: June 24, 2026 Scheduled date to commence dividend payments: June 25, 2026

Scheduled date to file annual securities report: June 22, 2026 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 95,998 91,923	% 4.4 1.6	Millions of yen 4,763 2,591	% 83.8 211.3	Millions of yen 4,415 2,506	% 76.2 246.6	Millions of yen 4,456 2,502	% 78.1 -

      Note: Comprehensive income	For the fiscal year ended March 31, 2026:	¥	6,364 million [	59.7%]
      	For the fiscal year ended March 31, 2025:	¥	3,985 million [	(4.9) %]

      	Basic earnings per share	Diluted earnings per share	Rate of return on equity	Ordinary profit to total assets ratio	Operating profit to net sales ratio
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2026	106.69	-	5.6	3.4	5.0
      March 31, 2025	59.95	-	3.3	2.0	2.8

      Reference: Share of profit (loss) of entities accounted for using equity method

      For the fiscal year ended March 31, 2026:	¥	(320) million
      For the fiscal year ended March 31, 2025:	¥	(268) million

   2. Consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of March 31, 2026 March 31, 2025	Millions of yen 134,518 128,538	Millions of yen 84,266 78,226	% 61.4 59.6	Yen 1,976.68 1,834.61

      Reference: Equity

      As of March 31, 2026:	¥	82,604 million
      As of March 31, 2025:	¥	76,564 million

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 7,779 5,299	Millions of yen (2,379) (3,809)	Millions of yen (2,010) 275	Millions of yen 30,586 26,901

2. Cash dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   Fiscal year ended March 31, 2025	-	6.00	-	7.00	13.00	542	21.7	0.7
   Fiscal year ended March 31, 2026	-	8.00	-	25.00	33.00	1,379	30.9	1.7
   Fiscal year ending March 31, 2027 (Forecast)	-	8.00	-	12.00	20.00		30.9

3. Consolidated financial result forecasts for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Percentages indicate year-on-year changes.)

1. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

2. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of March 31, 2026	41,833,000 shares
      As of March 31, 2025	41,833,000 shares

   2. Number of treasury shares at the end of the period

      As of March 31, 2026	43,345 shares
      As of March 31, 2025	99,391 shares

   3. Average number of shares outstanding during the period

1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 7,058 7,005	% 0.8 5.6	Millions of yen 635 484	% 31.3 262.2	Millions of yen 588 475	% 23.9 158.9	Millions of yen 877 1,542	% (43.1) 184.1

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   March 31, 2026	21.00	-
   March 31, 2025	36.94	-

2. Non-consolidated financial position

Reference: Equity

• Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

• Explanation concerning the appropriate use of forecasts and other special instructions (Caution regarding forward-looking statements, etc.)

Results forecasts and other forward-looking statements contained in this report are based on the assumptions, beliefs, and uncertainties in light of information available to the Company's management as of the publication date and do not represent promises by the Company or its management that these performance figures will be attained. Actual results may differ materially from forecasts due to a variety of factors. Please refer to "1. Overview of Business Results, etc. (4) Future Outlook" on page 4 of the attached supplementary materials for information regarding the underlying assumptions for financial results forecasts, as well as explanatory and other notes regarding the use of financial results forecasts.

The Company will hold a briefing for institutional investors and analysts (online), scheduled for Wednesday, May 20, 2026. The document to be used at this briefing shall be published on the Company's website at 10:00 a.m. on the day of the event.

Supplementary Materials: Table of Contents

1. Overview of Business Results, etc. 2

   1. Overview of Business Results for the Fiscal Year under Review 2

   2. Overview of Financial Position for the Fiscal Year under Review 3

   3. Overview of Cash Flows for the Fiscal Year under Review 3

   4. Future Outlook 4

   5. Significant Events regarding Going Concern Assumptions 4

2. Rationale behind the Choice of Accounting Standards 4

3. Consolidated Financial Statements and Primary Notes 5

   1. Consolidated Balance Sheet 5

   2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income 7

      Consolidated Statement of Income 7

      Consolidated Statement of Comprehensive Income 8

   3. Consolidated Statement of Changes in Equity 9

   4. Consolidated Statement of Cash Flows 11

   5. Notes regarding Consolidated Financial Statements 13

      (Going Concern Assumptions) 13

      (Segment Information, etc.) 13

      (Per Share Information) 16

      (Significant Events after Reporting Period) 16

4. Other Information 16

   1. Changes to the Officers of the Company 16

1

In fiscal 2025, which extended from April 1, 2025 to March 31, 2026, the Japanese economy continued to make a slow recovery as the employment and income environment improved. However, in addition to the rising need to closely monitor movements in the Middle East situation, the outlook remains uncertain due to the effect of fluctuations in financial and capital markets, developments in American trade policy, and other factors.

Under these circumstances, in the broadcasting and content business, where the Asahi Broadcasting Group (the Group) conducts its core business, TV broadcasting sales decreased on account of a decline in network time sales, although content sales rose and lifestyle business sales increased. As a result of these factors, the Group's net sales for the fiscal year ended March 31, 2026 increased ¥4,075 million, or 4.4%, compared with the previous fiscal year and amount to ¥95,998 million.

From the cost standpoint, cost of sales increased ¥1,725 million, or 2.8%, compared with the previous fiscal year, to ¥63,485 million. Selling, general and administrative expenses increased ¥177 million, or 0.6%, compared with the previous fiscal year, to ¥27,750 million. As a result of the above, operating profit increased ¥2,171 million, or 83.3%, to ¥4,763 million, while ordinary profit totaled ¥4,415 million, an increase of ¥1,909 million, or 76.2%. Additionally, a gain on the sale of land and a gain on sale of businesses, etc. were recorded under extraordinary income, while expenses related to the relocation of subsidiaries, etc. were recorded under extraordinary losses.

As a result, profit before income taxes was ¥7,167 million, an increase of ¥3,642 million, and profit attributable to owners of parent was

¥4,456 million, an increase of ¥1,954 million. Results by business segment are as follows:

Broadcasting and Content Business

Net sales in the broadcasting and content business totaled ¥82,150 million, increased ¥3,620 million, or 4.6%, compared with the previous fiscal year. This was due to an increase in TV spot advertising sales and local time sales, in addition to revenue related to Expo 2025 in Osaka, Kansai, Japan, and other factors. As a result of operating expenses having also increased in line with the higher revenue, operating profit amounted to ¥4,560 million, an increase of ¥1,736 million, or 61.5%, from the previous fiscal year.

Lifestyle Business

Net sales in the lifestyle business totaled ¥13,848 million, an increase of ¥454 million, or 3.4%, compared with the same period of the previous fiscal year, due to the new consolidation of subsidiaries and other factors. As a result of operating expenses having also increased in line with the higher revenue, operating profit amounted to ¥245 million, an increase of ¥7 million, or 3.0%, from the previous fiscal year.

2