1Q FY2025 Results Materials

(Three Months ended June 30, 2025)

July 31,2025

© FUJI MEDIA HOLDINGS, INC. All Rights Reserved.

Reform Action Plan Sustainability Topics Reference Materials

Urban Development, Hotels & Resorts Segment

Both net sales and operating income increased

Major impact from Fuji TV incidents

With decreases in Fuji TV's broadcasting and streaming ad revenue due to impact of the incidents and the recording of an operating loss by Pony Canyon, net sales decreased, and an

operating loss was recorded for the segment overall.

Urban Development, Hotels & Resorts continued to grow

The Media & Content segment recorded a decrease in net sales and an operating loss due to impact of the Fuji TV incidents, and the Urban Development, Hotels & Resorts Segment recorded increases in both net sales and operating income due to sales of residences at THE SANKEI BUILDING and active tourism demand at GRANVISTA,

leading to a decrease in net sales and an operating loss overall.

Leasing, sales, and tourism were strong

Net revenue increased at THE SANKEI BUILDING due to strong performance in leasing of diverse asset type as well as robust sales of residences and logistics facilities. GRANVISTA's hotel

business remained strong amid robust tourism demand. As a result both segment net revenue and segment operating income increased overall.

Summary of Businesses & Results

1. 1Q FY3/26

Consolidated Results

• Fuji TV: Net sales decreased, resulting in an operating loss

  □Broadcasting & media: Net revenue decreased and gross loss recorded

  • Broadcasting revenue: Both network time ad and spot ad revenue

    decreased due to impact of the incidents.

    ・Streaming ad: Revenue decreased due to impact of the incidents.

    ・Production costs: Cost efficiency maintained.

    □Content business: Both net sales and gross income increased

  • Event: Net sales increased due to strong performance of musical "Beetlejuice."

  • Digital: Net sales increased due to increase in paid subscribers of FOD and strong content sales.

    Reform Action Plan

    -(20.3)

0.3

8.3

• Animation: Net sales increased driven by streaming rights sales and strong performance overseas.

• Other companies:

• Pony Canyon: Net sales decreased, and operating loss was recorded due

  to fewer hit animation titles, increase in write-downs of equity investments.

• dinos: Net sales decreased due to poor performance of mainstay products such as furniture and storage solutions, but returned to profitability through SG&A cost control.

  • Return on capital: Target profit growth to achieve ROE

    of 8% or higher, enhance corporate value, raise PBR

  • Strategic shareholdings: Reduced by 19.5 billion yen in 1Q; will continue with further reduction efforts

  • Share repurchases: Will consider timing and scale following recovery of advertising

Net sales

116.1 billion yen

（10.4% decrease）

140.0

120.0

100.0

80.0

60.0

40.0

20.0

0.0

Operating loss

(12.7) billion yen

（Operating loss recorded）

（Billions of yen） 20.0

15.0

10.0

5.0

0.0

(5.0)

(10.0)

(15.0)

(25.0)

(20.0)

• THE SANKEI BUILDING: Both net revenue and operating income increased

  • Leasing: Rents and occupancy rates both remained strong in

    offices, residences, and hotels, resulting in increased revenue.

  • Sales: Sales of LEFOND Funabori The Tower Residence and LEFOND LIBRE Itabashi Honcho were strong, resulting in increased revenue.

• GRANVISTA Hotels & Resorts: Both net revenue and operating income increased

  ・Hotel business remained strong, supported by robust domestic tourism and continued high demand from inbound tourism.

  Occupancy rates and ADR were solid, with particularly strong performance in major metropolitan areas.

  ・Opening of Kobe Suma Sea World in June 2024 contributed to the full-year results.

  Forecast

  for FY3/26

  Revised due to the review of broadcasting revenue Although the recovery of Fuji TV's advertising revenue is now in sight, both net sales and operating income forecasts have been revised downward from previous forecasts

  Net income forecast remains unchanged assuming

  * Plan to announce overall direction regarding the

  balance sheet and business composition between end of September and the release of Q2 results

  • Media & Content ■ Urban Development, Hotels & Resorts

  • Other

sale of assets during the period

1,400

100

100

100 Million yen

1. 1Q FY3/26

Consolidated Results

Net income attributable to owners of the parent ：

50

1,300

1,200

1,100

0

72

50

(50)

(100)

1,000

1Q FY3/25 1Q FY3/26

(150)

1Q FY3/25 1Q FY3/26

0

1Q FY3/25 1Q FY3/26