TV TOKYO : Q3 FY2025 Consolidated Earnings Report180KB

Published March 5, 2025 at 5:12 a.m. UTC

Source: MarketScreener

Note: This document has been translated from 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.

Consolidated Financial Results

for the Nine Months Ended December 31, 2024

[Japanese GAAP]

February 13, 2025

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

Inquiries: Koichi Komaru,General Manager, Finance Division

Telephone: +81-3-6635-1771

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: None

								(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2024 (April 1, 2024 to December 31, 2024)
(1) Consolidated Operating Results										(Percentages indicate year-on-year changes.)

			Net sales				Operating profit		Ordinary profit		Profit attributable to
								owners of parent

Nine months ended		Millions of yen		%		Millions of yen	%	Millions of yen		%		Millions of yen	%
December 31, 2024			114,401		4.0		5,775	0.4		6,241		(3.4)	4,380	(15.0)
December 31, 2023			110,053		(0.6)		5,754	(29.3)		6,463		(23.0)	5,153	(4.2)
(Note) Comprehensive income:	Nine months ended December 31, 2024:	¥	4,633 million	[ (19.2) %]
			Nine months ended December 31, 2023:	¥	5,735 million	[	17.7%]

			Basic earnings		Diluted earnings per
			per share					share
Nine months ended					Yen				Yen
December 31, 2024					162.58				-
December 31, 2023					189.93				-
(2) Consolidated Financial Position
			Total assets				Net assets		Equity ratio

As of			Millions of yen			Millions of yen					%
December 31, 2024			147,504				100,955					68.3
March 31, 2024			147,094				99,268					67.4
(Reference) Equity:	As of December 31, 2024:	¥	100,763 million
	As of March 31, 2024:	¥	99,074 million

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2. Dividends

					Annual dividends

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

		Yen		Yen	Yen		Yen	Yen
Fiscal year ended March 31, 2024		-		15.00	-		65.00	80.00
Fiscal year ending March 31, 2025		-		15.00	-

Fiscal year ending March 31, 2025							75.00	90.00

(Forecast)

(Note) Revision to the forecast for dividends announced most recently:	Yes
(Note) Breakdown of the year end dividend for the fiscal year ending March 31 ,2025:
Ordinary dividend	65.00 yen
Commemorative dividend	10.00 yen

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

(Percentages indicate year-on-year changes.)

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

		Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year		153,000		3.0	7,000	(20.8)	7,400	(22.9)	5,200	(22.8)	193.19
(Note) Revision to the financial results forecast announced most recently:	None
* Notes:
(1) Significant changes in the scope of consolidation during the period:	None
Newly included:	-	(Company name:							)
Excluded:	-	(Company name:							)

Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
2. Changes in accounting policies due to other reasons: None
3. Changes in accounting estimates: None
4. Restatement: None
Total number of issued shares (common shares)
1. Total number of issued shares at the end of the period (including treasury shares):

December 31, 2024:	27,579,500	shares
March 31, 2024:	27,579,500	shares
2)Total number of treasury shares at the end of the period:
December 31, 2024:	739,243	shares
March 31, 2024:	520,861	shares

3) Average number of shares during the period:
Nine months ended December 31, 2024:	26,940,595	shares
Nine months ended December 31, 2023:	27,132,192	shares

Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes(voluntary)
Proper use of earnings forecasts, 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.

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Quarterly Consolidated Financial Statements

(1)Quarterly Consolidated Balance Sheets

				(Millions of yen)
			As of March 31, 2024	As of December 31, 2024

Assets
	Current assets
		Cash and deposits	40,199	40,788
		Notes and accounts receivable - trade	32,727	35,218
		Money held in trust	402	403
		Programs and films	9,906	9,016
		Merchandise	745	1,037
		Supplies	13	11
		Income taxes refund receivable	2,135	443
		Other	2,632	3,217
		Allowance for doubtful accounts	(4)	(5)
		Total current assets	88,758	90,132

	Non-current assets
		Property, plant and equipment
		Buildings and structures, net	9,698	9,167
		Machinery, equipment and vehicles, net	8,802	7,777
		Other, net	5,806	6,130
		Total property, plant and equipment	24,307	23,075
		Intangible assets
		Software	5,634	6,085

		Other	16	16
		Total intangible assets	5,651	6,102
		Investments and other assets
		Investment securities	21,080	21,099
		Other	7,314	7,097
		Allowance for doubtful accounts	(18)	(2)
		Total investments and other assets	28,376	28,194
		Total non-current assets	58,335	57,372
	Total assets	147,094	147,504
Liabilities

	Current liabilities
		Notes and accounts payable - trade	5,536	5,469

		Short-term borrowings	5,100	5,100
		Current portion of long-term borrowings	165	47

		Accrued expenses	21,235	23,838
		Provision for bonuses	2,156	1,051

		Income taxes payable	2,262	484
		Other	7,149	6,433

		Total current liabilities	43,606	42,425
	Non-current liabilities
		Long-term borrowings	451	451
		Provision for retirement benefits for directors (and	38	33
		other officers)

		Retirement benefit liability	1,710	1,568
		Other	2,019	2,070

		Total non-current liabilities	4,219	4,123
	Total liabilities	47,825	46,548

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				(Millions of yen)
			As of March 31, 2024	As of December 31, 2024

Net assets
	Shareholders' equity
		Share capital	10,000	10,000
		Capital surplus	18,267	18,342
		Retained earnings	67,149	69,367
		Treasury shares	(1,330)	(2,190)
		Total shareholders' equity	94,086	95,520
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	4,935	5,181
		securities

		Foreign currency translation adjustment	70	72
		Remeasurements of defined benefit plans	(17)	(10)
		Total accumulated other comprehensive income	4,988	5,243

	Non-controlling interests	193	191
	Total net assets	99,268	100,955
Total liabilities and net assets	147,094	147,504

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(2)Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the nine months)

			(Millions of yen)
		For the nine months	For the nine months
		ended December 31, 2023	ended December 31, 2024

Net sales	110,053	114,401
Cost of sales	76,891	79,582

Gross profit	33,161	34,818
Selling, general and administrative expenses
	Personnel expenses	7,346	7,427
	Provision for bonuses	388	349
	Provision for bonuses for directors (and other officers)	-	5
	Retirement benefit expenses	326	354
	Provision for retirement benefits for directors (and	16	15
	other officers)

	Agent fees	12,274	12,907

	Rent expenses	1,655	1,733
	Depreciation	523	719

	Other	4,875	5,530
	Total selling, general and administrative expenses	27,406	29,043

Operating profit	5,754	5,775
Non-operating income

	Interest income	2	10
	Dividend income	480	234

	Foreign exchange gains	14	36
	Share of profit of entities accounted for using equity	209	123
	method

	Rental income	38	38
	Other	38	78
	Total non-operating income	783	521
Non-operating expenses

	Interest expenses	18	26
	Loss on investments in investment partnerships	31	7

	Other	24	20
	Total non-operating expenses	74	54

Ordinary profit	6,463	6,241
Extraordinary income

	Gain on sale of non-current assets	2	0
	Gain on sale of investment securities	1,150	215

	Other	2	-
	Total extraordinary income	1,155	215
Extraordinary losses
	Loss on sale of non-current assets	-	0
	Loss on retirement of non-current assets	42	2
	Loss on sale of investment securities	-	19
	Loss on revision of retirement benefit plan	31	-
	Total extraordinary losses	73	21

Profit before income taxes	7,545	6,435
Income taxes - current	1,914	1,514
Income taxes - deferred	462	542
Total income taxes	2,376	2,057

Profit	5,168	4,378
Profit (loss) attributable to non-controlling interests	14	(2)
Profit attributable to owners of parent	5,153	4,380

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Quarterly Consolidated Statements of Comprehensive Income (For the nine months)

		(Millions of yen)
	For the nine months	For the nine months
	ended December 31, 2023	ended December 31, 2024

Profit	5,168	4,378
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

Total other comprehensive income

Comprehensive income

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

Comprehensive income attributable to non-controllinginterests

522
248
27	1
7
7
9	(2)

567
254

5,735	4,633


5,729	4,635
6
(2)

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