Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
November 5, 2025
Consolidated Financial Results for the Six Months Ended September 30, 2025 (Under Japanese GAAP)
Company name: TV TOKYO Holdings Corporation Listing: Tokyo Stock Exchange
Securities code: 9413
URL: https://www.txhd.co.jp
Representative: Hiroshi Yoshitsugu CEO President
Inquiries: Yuichi Takeuchi General Manager, Finance Division Telephone: +81-3-6635-1771
Scheduled date to file semi-annual securities report: November 12, 2025 Scheduled date to commence dividend payments: December 3, 2025 Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for analysts and institutional investors and for the press)
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended September 30, 2025
September 30, 2024
Millions of yen
79,975
73,781
%
8.4
4.0
Millions of yen
7,060
2,003
%
252.4
(27.1)
Millions of yen
7,314
2,182
%
235.1
(33.9)
Millions of yen
4,954
1,690
%
193.1
(43.3)
Note: Comprehensive income
For the six months ended September 30, 2025:
¥
5,964 million [
262.0%]
For the six months ended September 30, 2024:
¥
1,647 million [
(44.9) %]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
September 30, 2025
186.21
-
September 30, 2024
62.62
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
September 30, 2025
March 31, 2025
Millions of yen
148,484
147,843
Millions of yen
105,447
101,900
%
70.9
68.8
Reference: Equity
As of September 30, 2025:
¥
105,313 million
As of March 31, 2025:
¥
101,703 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended March 31, 2025
-
15.00
-
75.00
90.00
Fiscal year ending March 31, 2026
-
15.00
Fiscal year ending March 31, 2026
(Forecast)
-
85.00
100.00
Note: Revisions to the forecast of cash dividends most recently announced: Yes
- Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen 164,000 | % 5.2 | Millions of yen 11,000 | % 41.2 | Millions of yen 11,400 | % 38.1 | Millions of yen 7,700 | % 27.6 | Yen 289.28 |
Note: Revisions to the financial result forecast most recently announced: | Yes | |
* Notes | ||
(1) Significant changes in the scope of consolidation during the period: | None | |
Newly included: - companies( Excluded: - companies( | ) ) |
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2025
27,579,500 shares
As of March 31, 2025
27,579,500 shares
Number of treasury shares at the end of the period
As of September 30, 2025
953,529 shares
As of March 31, 2025
896,743 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2025 | 26,609,887 shares |
Six months ended September 30, 2024 | 26,989,552 shares |
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
The forward-looking statements in the report, including financial results forecast, are based on the assumption that the Company determines reasonable in light of information available. Actual performance, etc. may differ materially due to various factors.
Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet
(Millions of yen)
As of March 31, 2025
As of September 30, 2025
Assets
Current assets | ||
Cash and deposits | 41,764 | 42,179 |
Notes and accounts receivable - trade | 34,728 | 35,062 |
Money held in trust | 394 | 399 |
Programs and films | 9,089 | 9,161 |
Merchandise | 931 | 885 |
Supplies | 13 | 33 |
Income taxes refund receivable | 17 | 9 |
Other | 3,501 | 2,405 |
Allowance for doubtful accounts | (3) | (3) |
Total current assets | 90,436 | 90,135 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 9,047 | 8,690 |
Machinery, equipment and vehicles, net | 7,670 | 7,320 |
Other, net | 6,243 | 6,138 |
Total property, plant and equipment | 22,961 | 22,149 |
Intangible assets | ||
Software | 6,460 | 6,658 |
Other | 16 | 16 |
Total intangible assets | 6,476 | 6,675 |
Investments and other assets | ||
Investment securities | 20,661 | 22,288 |
Other | 7,309 | 7,237 |
Allowance for doubtful accounts | (2) | (1) |
Total investments and other assets | 27,969 | 29,524 |
Total non-current assets | 57,407 | 58,349 |
Total assets | 147,843 | 148,484 |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 5,016 | 4,142 |
Short-term borrowings | 5,100 | 5,100 |
Current portion of long-term borrowings | 166 | 163 |
Accrued expenses | 22,027 | 20,687 |
Provision for bonuses | 2,301 | 1,930 |
Income taxes payable | 1,623 | 2,434 |
Other | 6,126 | 4,563 |
Total current liabilities | 42,362 | 39,020 |
Non-current liabilities
Long-term borrowings 381 389
Provision for retirement benefits for directors (and other officers) | 39 | 23 |
Retirement benefit liability | 1,612 | 1,564 |
Other | 1,547 | 2,038 |
Total non-current liabilities | 3,580 | 4,016 |
Total liabilities | 45,943 | 43,037 |
(Millions of yen) As of March 31, 2025 As of September 30, 2025
Net assets | ||
Shareholders' equity | ||
Share capital | 10,000 | 10,000 |
Capital surplus | 18,342 | 18,244 |
Retained earnings | 71,022 | 73,976 |
Treasury shares | (2,736) | (2,989) |
Total shareholders' equity | 96,628 | 99,230 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 4,983 | 6,009 |
Foreign currency translation adjustment | 98 | 76 |
Remeasurements of defined benefit plans | (7) | (2) |
Total accumulated other comprehensive income | 5,074 | 6,083 |
Non-controlling interests | 196 | 133 |
Total net assets | 101,900 | 105,447 |
Total liabilities and net assets | 147,843 | 148,484 |
Semi-annual Consolidated Statements of Income and Comprehensive Income
Semi-annual Consolidated Statement of Income
Provision for retirement benefits for directors (and other officers)
10
11
Share of profit of entities accounted for using equity method
13
63
For the six months ended September 30, 2024
(Millions of yen)
For the six months ended September 30, 2025
Net sales 73,781 79,975
Cost of sales 52,855 52,820
Gross profit 20,926 27,155
Personnel expenses 4,568 4,532
Selling, general and administrative expenses
Provision for bonuses for directors (and other officers) 5 10
Provision for bonuses 714 760
Retirement benefit expenses 238 220
Rent expenses 963 949
Agent fees 8,274 8,978
Other 3,722 3,972
Depreciation 424 658
Operating profit 2,003 7,060
Total selling, general and administrative expenses 18,922 20,095
Interest income 4 31
Non-operating income
Dividend income 159 162
Other 75 59
Rental income 25 22
Non-operating expenses
Total non-operating income 278 339
Foreign exchange losses 56 25
Interest expenses 17 28
Other 19 24
Loss on investments in investment partnerships 7 6
Ordinary profit 2,182 7,314
Total non-operating expenses 99 85
Gain on sale of investment securities 215 0
Extraordinary income
Extraordinary losses
Total extraordinary income 215 0
Loss on sale of investment securities 19 -
Loss on retirement of non-current assets 1 6
Profit before income taxes 2,376 7,307
Total extraordinary losses 20 6
Income taxes - deferred 129 213
Income taxes - current 563 2,137
Profit 1,683 4,956
Total income taxes 693 2,351
Profit (loss) attributable to non-controlling interests (6) 1
Profit attributable to owners of parent 1,690 4,954
Semi-annual Consolidated Statement of Comprehensive Income
(Millions of yen)
For the six months ended September 30, 2024
For the six months ended September 30, 2025
Profit 1,683 4,956
Other comprehensive income
Valuation difference on available-for-sale securities (69) 1,026
Foreign currency translation adjustment 33 (22)
Remeasurements of defined benefit plans, net of tax 5 5
Share of other comprehensive income of entities accounted for using equity method | (4) | (0) |
Total other comprehensive income | (36) | 1,008 |
Comprehensive income | 1,647 | 5,964 |
Comprehensive income attributable to |
Comprehensive income attributable to owners of parent
1,654 5,963
Comprehensive income attributable to non-controlling interests
(6)
1
Semi-annual Consolidated Statement of Cash Flows | ||
(Millions of yen) | ||
For the six months | For the six months | |
ended September 30, 2024 | ended September 30, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 2,376 | 7,307 |
Depreciation | 2,000 | 2,285 |
Increase (decrease) in provision for bonuses | (42) | (371) |
Increase (decrease) in provision for bonuses for (156) (154) directors (and other officers) | ||
Increase (decrease) in provision for retirement benefits for directors (and other officers) | (9) | (15) |
Increase (decrease) in retirement benefit liability | (43) | (42) |
Increase (decrease) in allowance for doubtful accounts | (15) | (0) |
Interest and dividend income | (164) | (194) |
Interest expenses | 17 | 28 |
Loss on retirement of non-current assets | 1 | 6 |
Loss (gain) on sale of investment securities | (193) | (0) |
Share of loss (profit) of entities accounted for using | (13) | (63) |
equity method | ||
Decrease (increase) in trade receivables | 290 | (334) |
Decrease (increase) in inventories | 1,049 | (47) |
Increase (decrease) in trade payables | (718) | (874) |
Increase (decrease) in accrued expenses | (94) | (1,339) |
Increase (decrease) in contract liabilities | 311 | 42 |
Increase (decrease) in advances received | 40 | 157 |
Other, net | (859) | 611 |
Subtotal | 3,776 | 7,000 |
Interest and dividends received | 167 | 202 |
Interest paid | (17) | (28) |
Income taxes paid | (1,962) | (1,354) |
Net cash provided by (used in) operating activities | 1,963 | 5,820 |
Cash flows from investing activities | ||
Payments into time deposits | (7,552) | (8,154) |
Proceeds from withdrawal of time deposits | 5,546 | 6,153 |
Purchase of property, plant and equipment | (414) | (1,180) |
Purchase of intangible assets | (895) | (1,282) |
Purchase of investment securities | (280) | (89) |
Proceeds from sale of investment securities | 868 | 0 |
Proceeds from collection of loans receivable | 0 | - |
Other, net | 156 | (19) |
Net cash provided by (used in) investing activities | (2,571) | (4,571) |
Cash flows from financing activities | ||
Repayments of lease liabilities | (8) | (94) |
Repayments of long-term borrowings | (86) | (95) |
Proceeds from long-term borrowings | - | 100 |
Purchase of shares of subsidiaries not resulting in change in scope of consolidation | - | (192) |
Purchase of treasury shares | (982) | (522) |
Dividends paid | (1,759) | (2,000) |
Net cash provided by (used in) financing activities | (2,836) | (2,804) |
Effect of exchange rate change on cash and cash equivalents | 33 | (22) |
Net increase (decrease) in cash and cash equivalents | (3,411) | (1,577) |
Cash and cash equivalents at beginning of period | 36,153 | 37,680 |
Cash and cash equivalents at end of period | 32,741 | 36,102 |