Supplementary Material for Full - Year Financial Results for the Fiscal Year Ending March 31, 2024
May 15, 2024
Securities code: 9413
TV TOKYO Holdings Corporation Summary of FY24/3 Full-year
＜Anime and streaming doing well, new record-high consolidated ordinary income and profit＞
・While time-slot revenue and spot revenue declined, growth in streaming and anime businesses supported performance. Although consolidated operating income decreased by 4.3%, it was the second highest on record. Due in part to reporting of the gain on sale of cross-shareholdings, profit increased by 0.2%, reaching a new record-high for the second consecutive year.
・Operating income in the anime and streaming businesses segment (consolidated) increased by 12.1%, with commercialization business of anime and streaming of dramas performing well.
Growth in anime and streaming continues
Anime: Royalty revenue from "SPY x FAMILY" and "Pokémon" grew in Japan
（Billion yen）
Changes in consolidated
operating income
and overseas. "NARUTO," the mainstay anime, continued to perform well in the West. Streaming business: Titles such as "Season2,"
"Kodoku no Gurume (The Solitary Gourmet)" series and the movie, "Rohan at the Louvre," performed well.
8.58 9.23
5.23
8.84
Second highest |
on record |
＜Shareholder returns＞
・In FY24/3, we repurchased a total of 0.97 billion yen of our own stock, resulting in a total payout ratio of 46.6%. We will repurchase a further 1.2 billion yen (maximum limit) of our own stock in FY25/3,
with total payout ratio expected to exceed the previous year's level.
＜Medium-Term Plan for FY25/3 to FY27/3＞
・Further growth by strengthening anime, economic reporting, and proprietary IP (intellectual property) businesses. Growth investment newly set at "20.0 billion yen over the next three years.
" Aim to achieve operating income of 11.5 billion yen in FY27/3.
*For details, please refer to "Notice concerning Medium-Term Plan 2024," released on May 15.
FY21/3 FY22/3 FY23/3 FY24/3
Changes in consolidated profit
6.02 | 6.72 | 6.74 |
Record- | ||
2.58 | high | |
FY21/3 FY22/3 FY23/3 FY24/3
© TV TOKYO Holdings Corporation | 2 |
Consolidated Overview of Profit and Loss by Segment
(Million yen) | ||||||||||
Accounting Period（January to March） | Cumulative Period（April to March） | |||||||||
FY23/3 | FY24/3 | YoY change | FY23/3 | FY24/3 | YoY change | Change from forecast | ||||
Net sales | 4Q | 4Q | Amount | % | full year | full year | Amount | % | Amount | % |
Terrestrial and BS broadcasting | 25,415 | 24,269 | △ 1,145 | △ 4.5% | 99,608 | 94,773 | △ 4,834 | △ 4.9% | △ 5,776 | △ 5.7% |
Anime and streaming | 12,973 | 12,827 | △ 145 | △ 1.1% | 44,074 | 44,534 | 460 | 1.0% | △ 2,587 | △ 5.5% |
Shopping and other | 3,484 | 3,631 | 147 | 4.2% | 13,920 | 15,905 | 1,985 | 14.3% | △ 2,983 | △ 15.8% |
Total consolidated net sales | 40,198 | 38,534 | △ 1,663 | △ 4.1% | 150,963 | 148,587 | △ 2,375 | △ 1.6% | △ 8,412 | △ 5.4% |
Expenses | ||||||||||
Terrestrial and BS broadcasting | 25,119 | 23,006 | △ 2,113 | △ 8.4% | 94,969 | 91,098 | △ 3,870 | △ 4.1% | △ 4,936 | △ 5.1% |
Anime and streaming | 11,735 | 10,688 | △ 1,047 | △ 8.9% | 38,756 | 38,572 | △ 184 | △ 0.5% | △ 3,185 | △ 7.6% |
Shopping and other | 3,654 | 3,652 | △ 2 | △ 0.1% | 13,662 | 15,605 | 1,943 | 14.2% | △ 2,462 | △ 13.6% |
Total consolidated operating expenses | 39,106 | 35,452 | △ 3,654 | △ 9.3% | 141,733 | 139,750 | △ 1,982 | △ 1.4% | △ 7,749 | △ 5.3% |
Operating income | ||||||||||
Terrestrial and BS broadcasting | 295 | 1,262 | 967 | 327.0% | 4,639 | 3,675 | △ 964 | △ 20.8% | △ 838 | △ 18.6% |
Anime and streaming | 1,238 | 2,139 | 901 | 72.8% | 5,317 | 5,962 | 644 | 12.1% | 599 | 11.2% |
Shopping and other | △ 170 | △ 20 | 149 | - | 258 | 299 | 41 | 16.1% | △ 521 | △ 63.5% |
Total consolidated operating income | 1,091 | 3,082 | 1,990 | 182.4% | 9,229 | 8,836 | △ 392 | △ 4.3% | △ 663 | △ 7.0% |
Consolidated ordinary income | 981 | 3,135 | 2,154 | 219.5% | 9,378 | 9,599 | 221 | 2.4% | 99 | 1.1% |
Profit (loss) attributable to owners of parent | 1,343 | 1,582 | 239 | 17.8% | 6,724 | 6,736 | 11 | 0.2% | △ 363 | △ 5.1% |
© TV TOKYO Holdings Corporation | 3 |
Consolidated Overview of Balance Sheets
Consolidated Overview of | |
Current assets | |
Non-current assets | |
Property, plant and equipment | |
Assets | Intangible assets |
Investments and other assets | |
Total assets |
Balance Sheets | ||
FY23/3 | FY24/3 | Changes |
year-end | year-end | |
85,704 | 88,758 | 3,054 |
54,229 | 58,335 | 4,106 |
25,272 | 24,307 | △964 |
3,666 | 5,651 | 1,985 |
25,290 | 28,376 | 3,086 |
139,933 | 147,094 | 7,161 |
Net assets Liabilities
(Million yen) | |||
FY23/3 | FY24/3 | Changes | |
year-end | year-end | ||
Current liabilities | 41,841 | 43,606 | 1,764 |
Non-current liabilities | 4,740 | 4,219 | △520 |
Total liabilities | 46,582 | 47,825 | 1,243 |
Shareholders' equity | 90,209 | 94,086 | 3,877 |
Valuation and translation adjustments | 2,950 | 4,988 | 2,037 |
Non-controlling interests | 191 | 193 | 2 |
Total net assets | 93,351 | 99,268 | 5,917 |
Total liabilities and net assets | 139,933 | 147,094 | 7,161 |
Note: Net assets per share =3,661.48yen |
Non-consolidated/TV TOKYO Financial Position | (Million yen) | ||
FY23/3 | FY24/3 | Changes | |
year-end | year-end | ||
Total assets | 82,545 | 83,603 | 1,058 |
Total liabilities | 31,005 | 34,335 | 3,329 |
Total net assets | 51,539 | 49,268 | △ 2,271 |
Non-consolidated/BS TV TOKYO Financial Position | (Million yen) | ||
FY23/3 | FY24/3 | Changes | |
year-end | year-end | ||
Total assets | 20,880 | 21,677 | 797 |
Total liabilities | 3,730 | 3,710 | △ 20 |
Total net assets | 17,149 | 17,967 | 817 |
Overview of Consolidated Cash Flows
Operating cash flows
Investing cash flows
Financing cash flows
Cash and cash equivalents
(Million yen) | |
FY23/3 | FY24/3 |
full year | full year |
11,135 | 6,471 |
△ 8,334 | △ 4,706 |
△ 3,139 | △ 3,414 |
37,787 | 36,153 |
© TV TOKYO Holdings Corporation | 4 |
Consolidated Capital Expenditure/Depreciation
Consolidated Capital Expenditure/Depreciation | (Million yen) | |||||
FY24/3 | YoY change | FY25/3 | Comparison with FY24/3 results | |||
full year results | Amount | % | full year forecasts | Amount | % | |
Capital expenditure | 5,115 | 1,724 | 50.8% | 4,883 | △232 | △4.5% |
Depreciation | 3,961 | △143 | △3.5% | 4,307 | 345 | 8.7% |
Changes in Capital Expenditure
Changes in Depreciation
7,000
6,000
5,000
4,000
3,000
2,000
1,000
-
4,491
Main full year results | |||
DX-related investments | 2,450 | M yen | |
Facilities for production of contents | 593 | M yen | |
Facilities for streaming and data | 457 | M yen | |
Main plan for FY25/3 | |||
DX-related investments | 1,172 | M yen | |
Facilities for production of contents | 1,081 | M yen | |
Facilities for streaming and data | 886 | M yen | |
3,391 | |||
2,798 | |||
2,112
1,660
（Million yen）
5,115 4,883
7,000 | （Million yen） | ||||||
6,000 | |||||||
5,000 | 4,201 | 4,331 | 4,136 | 4,307 | |||
4,105 | 3,961 | ||||||
4,000 | 3,801 | ||||||
3,000 | |||||||
2,000 | |||||||
1,000 | |||||||
- | |||||||
FY19/3 FY20/3 FY21/3 FY22/3 FY23/3 FY24/3 FY25/3 full year forecasts
FY19/3 | FY20/3 | FY21/3 | FY22/3 | FY23/3 | FY24/3 | FY25/3 |
full year | ||||||
forecasts |
© TV TOKYO Holdings Corporation | 5 |
Non-consolidated | Overview of TV TOKYO Profit and Loss | ||||||||||||
(Million yen) | |||||||||||||
Accounting Period（January to March） | Cumulative Period（April to March） | ||||||||||||
FY23/3 | FY24/3 | YoY change | FY23/3 | FY24/3 | YoY change | Change from forecast | |||||||
4Q | 4Q | Amount | % | full year | full year | Amount | % | Amount | % | ||||
Net sales | 30,232 | 29,833 | △ 398 | △ 1.3% | 113,466 | 110,338 | △ 3,128 | △ 2.8% | △ 8,025 | △ 6.8% | |||
Operating expenses | |||||||||||||
28,939 | 26,931 | △ 2,008 | △ 6.9% | 105,915 | 103,842 | △ 2,072 | △ 2.0% | △ 7,489 | △ 6.7% | ||||
Operating income | |||||||||||||
1,293 | 2,902 | 1,609 | 124.4% | 7,551 | 6,495 | △ 1,055 | △ 14.0% | △ 535 | △ 7.6% | ||||
Ordinary income | 1,308 | 2,954 | 1,646 | 125.8% | 10,673 | 8,472 | △ 2,201 | △ 20.6% | △ 363 | △ 4.1% | |||
Profit before income taxes | 1,543 | 2,954 | 1,411 | 91.4% | 10,881 | 9,531 | △ 1,349 | △ 12.4% | △ 204 | △ 2.1% | |||
Overview of broadcasting businesses | |||||||||||||
Broadcasting businesses | TIME（T） | 11,011 | 10,863 | △ 148 | △ 1.4% | 44,050 | 43,215 | △ 834 | △ 1.9% | △ 1,664 | △ 3.7% | ||
sales (main items) | SPOT（S） | 7,622 | 7,167 | △ 454 | △ 6.0% | 28,934 | 26,290 | △ 2,644 | △ 9.1% | △ 2,559 | △ 8.9% | ||
T+S total | 18,633 | 18,030 | △ 603 | △ 3.2% | 72,984 | 69,505 | △ 3,478 | △ 4.8% | △ 4,224 | △ 5.7% | |||
Program sales | 1,085 | 1,133 | 48 | 4.4% | 4,397 | 4,348 | △ 48 | △ 1.1% | △ 66 | △ 1.5% | |||
Broadcasting businesses total sales | 20,041 | 19,695 | △ 346 | △ 1.7% | 79,257 | 76,096 | △ 3,160 | △ 4.0% | △ 4,334 | △ 5.4% | |||
Broadcasting businesses expenses | 16,254 | 15,086 | △ 1,168 | △ 7.2% | 63,525 | 59,653 | △ 3,872 | △ 6.1% | △ 2,197 | △ 3.6% | |||
Of which, broadcasting contents production expenses | 8,559 | 8,083 | △ 476 | △ 5.6% | 33,444 | 32,762 | △ 681 | △ 2.0% | △ 937 | △ 2.8% | |||
Broadcasting businesses income | |||||||||||||
3,787 | 4,608 | 821 | 21.7% | 15,731 | 16,443 | 711 | 4.5% | △ 2,136 | △ 11.5% | ||||
Overview of rights businesses | |||||||||||||
Rights businesses sales | Anime | 6,758 | 5,991 | △ 767 | △ 11.4% | 22,196 | 20,971 | △ 1,225 | △ 5.5% | △ 3,338 | △ 13.7% | ||
Streaming business | 2,954 | 3,586 | 631 | 21.4% | 10,421 | 11,518 | 1,096 | 10.5% | △ 197 | △ 1.7% | |||
Events | 477 | 561 | 84 | 17.7% | 1,591 | 1,752 | 161 | 10.1% | △ 155 | △ 8.1% | |||
Rights businesses total sales | 10,190 | 10,138 | △ 51 | △ 0.5% | 34,209 | 34,241 | 32 | 0.1% | △ 3,691 | △ 9.7% | |||
Rights businesses expenses | 6,498 | 5,447 | △ 1,051 | △ 16.2% | 20,406 | 18,855 | △ 1,551 | △ 7.6% | △ 3,478 | △ 15.6% | |||
Rights businesses income | |||||||||||||
3,692 | 4,691 | 999 | 27.1% | 13,802 | 15,386 | 1,583 | 11.5% | △ 212 | △ 1.4% | ||||
《Contents production expenses》 | |||||||||||||
FY18/3 | FY19/3 | FY20/3 | FY21/3 | FY22/3 | FY23/3 | FY24/3 | |||||||
Total contents production expenses | 47,864 | 49,887 | 47,992 | 43,791 | 47,649 | 51,394 | 49,308 | ||||||
(broadcasting, anime, and streaming) | |||||||||||||
- Expenses related to contents production for terrestrial broadcasting, which were previously presented as "program production expenses" are presented as "broadcasting contents production expenses". In addition, expenses for TV TOKYO's contents production, including investment in the production committee for anime and streaming businesses, are presented as
"Total contents production expenses." Expenses related to the Olympic Games and FIFA World Cup are not included in "Total contents production expenses."
- Since contents production expenses prior to FY20/3 were incurred prior to the application of the new Accounting Standard for Revenue Recognition, etc., the estimated figures are presented, based on the application of the new standard.
© TV TOKYO Holdings Corporation | 6 |
Non-consolidated TV TOKYO Broadcasting Businesses
Changes in SPOT Percentage
Changes in Share of SPOT Area
（％）
Note: Before settlement of accounts
（％） | Note: Before settlement of accounts |
15.0 | Area | ||||||||
12.0 | TX | ||||||||
10.0 | |||||||||
5.0 | 2.5 | ||||||||
0.0 | 1.6 | -1.5 | 1.7 | -1.8 | |||||
-4.7 | |||||||||
-5.0 | -5.9 | -5.5 | |||||||
-7.5 | |||||||||
-9.8 | |||||||||
-5.6 | -5.1 | ||||||||
-5.9 | |||||||||
-6.1 | |||||||||
-10.0 | -7.9 | ||||||||
-15.0 | -12.3 | -10.9 | |||||||
4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | |
FY22/3 | FY23/3 | FY24/3 |
8.00 | |||||||||
7.50 | 7.31 | 7.19 | 7.22 | ||||||
7.17 | |||||||||
7.14 | |||||||||
6.95 | |||||||||
7.00 | 6.96 | ||||||||
6.93 | |||||||||
6.50 | 6.60 | ||||||||
6.00 | |||||||||
4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | |
FY22/3 | FY23/3 | FY24/3 |
Monthly results of Time and Spot | (Million yen) | |||||||||||||||||||||||
2023 | 2024 | |||||||||||||||||||||||
Apr. | May | Jun. | Jul. | Aug. | Sep. | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | |||||||||||||
TIME | 3,507 | 3,510 | 3,491 | 3,723 | 3,603 | 3,404 | 3,514 | 3,742 | 3,864 | 3,564 | 3,365 | 3,935 | ||||||||||||
SPOT | 2,360 | 2,031 | 1,800 | 1,883 | 1,890 | 2,011 | 2,400 | 2,320 | 2,500 | 2,240 | 2,100 | 2,755 | ||||||||||||
Total | 5,867 | 5,541 | 5,291 | 5,606 | 5,493 | 5,415 | 5,914 | 6,062 | 6,364 | 5,804 | 5,465 | 6,690 | ||||||||||||
Note: Before settlement of accounts
© TV TOKYO Holdings Corporation | 7 |
Non-consolidated TV TOKYO Broadcasting Businesses
4Q of the Fiscal Year Ending March 31, 2024 (Accounting Period: January to March) Ranking by SPOT Business Type
Fiscal Year Ending March 31, 2024 (Cumulative Period: April to March) Ranking by SPOT Business Type
Business type
Restaurants/services Information/telecoms Financial/insurance Beverages/luxury foods
Real estate/residential facilities Transportation/leisure Chemicals/pharmaceuticals Automobiles/related items Foods Hobbies/sports Distribution/retail Public sector/associations
Household appliances/AV/precision devices
Education/medical services Cosmetics/toiletries Household furnishings and articles
Energy/materials/machinery
Fashion/accessories
Publishing
4Q composition
ratio 17.6% 11.9% 9.3% 7.8% 7.4% 7.3% 6.0% 5.4% 5.2% 5.1% 3.9% 3.2% 2.3% 1.5% 1.5% 1.4% 1.2% 1.1% 0.8%
Difference from the previous year's
composition ratio △2.0pt 0.8pt △2.7pt 1.9pt △0.5pt 2.4pt 1.7pt 0.8pt 1.1pt 0.6pt △2.3pt △0.2pt △0.4pt △0.4pt 0.3pt △0.1pt △0.7pt △0.4pt △0.1pt
YoY change in sales
-
14.6%
2.1% - 26.4%
24.4% - 10.7%
42.4%
31.8%
11.8%
20.0%
8.3% - 40.1%
- 9.5%
- 19.9%
-
23.9%
21.4% - 12.1%
- 41.1%
- 30.0%
- 12.9%
Business type
Restaurants/services Information/telecoms Beverages/luxury foods Financial/insurance Transportation/leisure Foods Distribution/retail Chemicals/pharmaceuticals Hobbies/sports Automobiles/related items
Real estate/residential facilities Household appliances/AV/precision devices Cosmetics/toiletries Public sector/associations Energy/materials/machinery Household furnishings and articles Fashion/accessories Education/medical services Publishing
Full-year | Difference from | YoY |
composition | the previous year's | change |
ratio | composition ratio | in sales |
15.4% | △ 1.1pt | △ 14.9% |
11.4% | △ 1.3pt | △ 18.2% |
10.3% | 1.5pt | 7.1% |
9.2% | 0.3pt | △ 5.9% |
7.6% | 2.4pt | 32.4% |
7.0% | 1.2pt | 9.9% |
6.5% | △ 0.7pt | △ 17.7% |
6.3% | 0.8pt | 3.8% |
4.6% | △ 0.4pt | △ 16.5% |
4.1% | 0.4pt | 2.0% |
3.8% | △ 0.4pt | △ 17.6% |
3.1% | △ 1.3pt | △ 35.9% |
2.3% | 0.6pt | 24.6% |
2.2% | △ 1.4pt | △ 43.8% |
1.7% | △ 0.2pt | △ 16.6% |
1.5% | △ 0.5pt | △ 32.3% |
1.2% | 0.2pt | 8.2% |
1.1% | 0.1pt | 3.0% |
0.7% | △ 0.3pt | △ 37.3% |
© TV TOKYO Holdings Corporation | 8 |
Non-consolidated TV TOKYO Rights Businesses (Anime)
Anime Sales Categories
(Million yen) | |||
Regional | FY24/3 | YoY change | |
Category | full year | Amount | % |
Japan | 3,650 | △ 351 | △ 8.8% |
Overseas | 17,321 | △ 875 | △ 4.8% |
Anime Net Sales by Overseas Area
Asia and Middle
East, etc., 14.1% Japan, 17.4%
Europe, 12.1%
North America,
29.4%
China, 27.0%
Anime Ranking by Title
Net sales
-
NARUTO
② BORUTO
③ YU-GI-OH!
④ Pokémon
⑤ BLEACH
Note：FY24/3 full-year
Note：FY24/3 full-year
© TV TOKYO Holdings Corporation | 9 |
Non-consolidated TV TOKYO Rights Businesses (Streaming Business)
Streaming Business Net Sales by Category
Contents Ranking by Title
7,000
（Million yen）
6,000 | 1,770 | |||||||||
5,000 | 1,005 | 1,396 | ||||||||
4,000 | 1,019 | 904 | ||||||||
3,000 | 4,590 | |||||||||
2,000 | 1,121 | 4,309 | 3,398 | 4,114 | 3,732 | |||||
1,694 | ||||||||||
1,000 | ||||||||||
197 | 209 | 201 | 293 | 258 | 263 | |||||
0 | ||||||||||
FY22/3 | FY23/3 | FY24/3 | ||||||||
1H | 2H | 1H | 2H | 1H | 2H | |||||
Japan: DVD, etc.* | Japan: Streaming (SVOD, AVOD) | Overseas | ||||||||
売上高
-
Drama 25 Kisetsu no Nai Machi
② Drama 8 HYENA
-
Drama NEXT Minato Shoji Koin Randori
(Minato's laundromat) 2
- Drama 8 Jeanne no Sabaki
- Drama 24 What Did You Eat Yesterday? Season 2
Note：FY24/3 full year
- Sales such as packaged sales of DVD, etc., programs sales to BS and CS broadcasting, and box office revenue.
© TV TOKYO Holdings Corporation | 10 |