Q1 FY2024 Consolidated Earnings Report264KB

Aug 9, 2024 at 5:54 AM UTC · Issued by Tv Tokyo Holdings Corporation

Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results

for the Three Months Ended June 30, 2024

[Japanese GAAP]

August 1, 2024

Company name: TV TOKYO Holdings Corporation

Stock exchange listing: Tokyo Stock Exchange

Code number: 9413

URL: https://www.txhd.co.jp

Representative: Ichiro Ishikawa, CEO President

Contact: Koichi Komaru, General Manager, Finance Division

Phone: +81-3-6635-1771

Scheduled date of commencing dividend payments: -

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: None

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 - June 30, 2024)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent

	Three months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	June 30, 2024	35,771	2.4	1,142	5.3	1,368	(13.1)	896	(52.4)
	June 30, 2023	34,928	(4.6)	1,085	(63.6)	1,574	(48.1)	1,881	(7.3)

(Note) Comprehensive income: Three months ended June 30, 2024: ¥209 million [(88.8)%]

			Three months ended June 30, 2023: ¥1,868 million [20.0%]
		Basic earnings		Diluted earnings
			per share		per share
	Three months ended		Yen		Yen
	June 30, 2024	33.13		-
	June 30, 2023	69.11		-
(2) Consolidated Financial Position
			Total assets	Net assets	Equity ratio

			Million yen	Million yen	%
	As of June 30, 2024	139,228	97,360	69.8
	As of March 31, 2024	147,094	99,268	67.4

(Reference) Equity: As of June 30, 2024: ¥97,169 million As of March 31, 2024: ¥99,074 million

2. Dividends

			Annual dividends

	1st quarter-end	2nd quarter-end		3rd quarter-end	Year-end	Total

	Yen	Yen		Yen	Yen	Yen
Fiscal year ended	-	15.00		-	65.00	80.00
March 31, 2024

Fiscal year ending	-
March 31, 2025

Fiscal year ending
March 31, 2025		15.00		-	65.00	80.00
(Forecast)

(Note) Revision to the dividend forecast announced most recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 - March 31, 2025)

(% indicates changes from the previous corresponding period.)

							Profit attributable	Basic earnings
	Net sales		Operating profit	Ordinary profit	to owners of
		per share
							parent

	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	155,000	4.3	9,000	1.8	9,610	0.1	6,500	(3.5)	240.92
(Note) Revision to the financial results forecast announced most recently: None

* Notes:

Significant changes in the scope of consolidation during the period: None
Newly included: - (Company name:)
Excluded: - (Company name:)
Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates and retrospective restatement
1. Changes in accounting policies due to the revision of accounting standards: Yes
2. Changes in accounting policies other than 1) above: None
3. Changes in accounting estimates: None
4. Retrospective restatement: None
Total number of issued shares (common shares)
1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2024:	27,579,500 shares
March 31, 2024:	27,579,500 shares
2) Total number of treasury shares at the end of the period:
June 30, 2024:	622,527 shares
March 31, 2024:	520,861 shares
3) Average number of shares during the period:
Three months ended June 30, 2024:	27,046,121 shares
Three months ended June 30, 2023:	27,218,560 shares

Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (voluntary)
Explanation of the proper use of financial results forecast and other notes

The forward-looking statements in the report, including financial results forecast, are based on the assumptions that the Company determines reasonable in light of information available. Actual performance, etc. may differ materially due to various factors.

Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheets

			(Million yen)
		As of March 31, 2024	As of June 30, 2024

Assets
Current assets
Cash and deposits		40,199	36,456
Notes and accounts receivable - trade	32,727	29,357
Money held in trust		402	409
Programs and films	9,906	10,215
Merchandise		745	796
Supplies	13	12
Income taxes refund receivable		2,135	2,201
Other	2,632	2,405
Allowance for doubtful accounts		(4)	(4)
Total current assets	88,758	81,849
Non-current assets
Property, plant and equipment

Buildings and structures, net Machinery, equipment and vehicles, net Other, net

Total property, plant and equipment

Intangible assets

Software

Other

Total intangible assets

Investments and other assets

Investment securities

Other

Allowance for doubtful accounts

Total investments and other assets Total non-current assets

Total assets

9,698		9,523
8,802	8,562
5,806		5,875
24,307	23,961

5,634	6,070
16		16
5,651	6,087

21,080	20,249
7,314		7,082
(18)	(2)
28,376		27,330
58,335	57,379
147,094		139,228

				(Million yen)
		As of March 31, 2024		As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade		5,536		4,760
Short-term borrowings	5,100	5,100
Current portion of long-term borrowings		165		126
Accrued expenses	21,235	20,747
Provision for bonuses		2,156		964
Income taxes payable	2,262	205
Other		7,149		5,983
Total current liabilities	43,606	37,888
Non-current liabilities
Long-term borrowings	451	451
Provision for retirement benefits for directors (and		38		23
other officers)

Retirement benefit liability	1,710	1,664
Other		2,019		1,840
Total non-current liabilities	4,219	3,979
Total liabilities		47,825		41,868
Net assets
Shareholders' equity
Share capital	10,000	10,000
Capital surplus		18,267		18,267
Retained earnings	67,149	66,286
Treasury shares		(1,330)		(1,690)
Total shareholders' equity	94,086	92,864
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	4,935	4,233
Foreign currency translation adjustment		70		86
Remeasurements of defined benefit plans	(17)	(15)
Total accumulated other comprehensive income		4,988		4,305
Non-controlling interests	193	190
Total net assets		99,268		97,360
Total liabilities and net assets		147,094	139,228

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income Three Months Ended June 30

			(Million yen)

		For the three months ended	For the three months ended
		June 30, 2023	June 30, 2024
Net sales		34,928	35,771
Cost of sales	24,970	25,132
Gross profit		9,957	10,638
Selling, general and administrative expenses

Personnel expenses

Provision for bonuses

Provision for bonuses for directors (and other officers)

Retirement benefit expenses

Provision for retirement benefits for directors (and other officers)

2,315		2,377
326	332
－		5
112	121

6		5

Agent fees	3,877	4,094
Rent expenses		303	533
Depreciation	175	170
Other		1,754	1,855
Total selling, general and administrative expenses	8,872	9,495
Operating profit		1,085	1,142
Non-operating income

Interest income

Dividend income

Foreign exchange gains

Share of profit of entities accounted for using equity method

1		1
393	117
15		6
93	66

Rental income		12	13
Other	19	38
Total non-operating income		535	243
Non-operating expenses

Interest expenses		6	8
Loss on investments in investment partnerships	18	－
Litigation expenses		9	－
Other	12	9
Total non-operating expenses		46	17
Ordinary profit	1,574	1,368
Extraordinary income
Gain on sale of non-current assets	2	－
Gain on sale of investment securities		1,150	2
Total extraordinary income	1,152	2
Extraordinary losses
Loss on retirement of non-current assets	39	0
Total extraordinary losses		39	0
Profit before income taxes	2,687	1,371
Income taxes - current		135	96
Income taxes - deferred	654	381
Total income taxes		789	478
Profit	1,897	892
Profit (loss) attributable to non-controlling interests		16	(3)
Profit attributable to owners of parent		1,881	896

Quarterly Consolidated Statements of Comprehensive Income

Three Months Ended June 30

		(Million yen)

	For the three months ended	For the three months ended
	June 30, 2023	June 30, 2024

Profit	1,897	892
Other comprehensive income

Valuation difference on available-for-sale securities

Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax

Share of other comprehensive income of entities accounted for using equity method

(47)		(704)
1	16
2		2
14	1

Total other comprehensive income		(29)	(683)
Comprehensive income	1,868	209
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	1,860	212
Comprehensive income attributable to non-controlling		7	(3)
interests