TV TOKYO : Q3 FY2025 Financial Results Materials1.2MB

About this update from Tv Tokyo Holdings Corporation

Supplementary Material for Third Quarter Financial Results for the Fiscal Year Ending March 31, 2025 February 13, 2025 Securities code: 9413 3,100 FY21/3 3Q FY22/3 3Q FY23/3 3Q FY24/3 3Q FY25/3 3Q Forecast Full-Year （millions of yen） TV TOKYO Holdings Corporation Summary of FY25/3 Q3 ◎ Revenue from broadcasting business recovered, and the anime business also grew. Consolidated net sales increased by 4.0% year on year to 114.4 billion yen, posting a new record high ◎ Consolidated operating profit increased by 0.4% to 5.77 billion yen due to increased costs. Progress against the full-year forecast is 82.5% Consolidated (millions of yen) ・ TV TOKYO’s broadcasting revenue (non-consolidated) increased by 5.1%, as a result of increases operating profit 7,000 in time-slot revenue driven by such programs as the large-scale special programs commemorating (FY25/3) TV TOKYO’s 60th anniversary, and increases in spot revenue mainly from the “Automobile” and “Leisure” businesses. Despite the burden of expenses associated with the Paris Olympics, broadcasting businesses profit increased by 1.2%. ・ In the overseas markets, net sales from the anime business increased by 12.2% and continued to grow, thanks to the growth of the social media games of “BORUTO” and the streaming of “NARUTO,” as well as the revenue from distribution of the “Theater-version SPY x FAMILY.” In the streaming business, new dramas such as “Until I destroyed my husband’s other family” and “95” performed strongly. 1,142 Results 5,775 Results 2,003 Results Expenses mounted due to the increase in new anime titles and increased production costs and rights businesses profit, which is a sum of that from anime, streaming business, and events decreased by 7.6%. ＜ Strengthen shareholder return ＞ 1Q ２Q ３Q Net sales of anime and streaming businesses(Tv Tokyo） ・ The forecast of annual dividends was revised upward. Total annual dividend will be 90 yen Anime 16,801 Streaming Business 15,437 14,980 (80 yen in the previous fiscal year) with the addition of the commemorative dividend for the 11,414 12,332 TV TOKYO’s 60th anniversary of 10 yen. 7,466 7,931 7,697 ・ We carried out the second repurchase of own stock for FY 25/3. We plan to repurchase 4,398 300,000 shares of our own stock by July for the purchase amount of 1.2 billion yen (maximum). ・ For FY25/3, the dividend payout ratio is expected to be 46.2%, and the total payout ratio is expected to be between 77 and 80% (calculated based on the current full-year consolidated financial results forecast). © TV TOKYO Holdings Corporation 2 Consolidated Overview of Profit and Loss by Segment (Million yen) Accounting Period （ October to December ） Cumulative Period （ April to December ） FY24/3 FY25/3 YoY change FY24/3 FY25/3 YoY change Net sales 3Q 3Q Amount % 3Q 3Q Amount % Terrestrial and BS broadcasting 24,785 25,732 946 3.8% 70,504 73,344 2,840 4.0% Anime and streaming 11,324 11,882 558 4.9% 31,707 32,858 1,151 3.6% Shopping and other 4,455 4,892 437 9.8% 12,274 13,078 804 6.6% Total consolidated net sales 39,095 40,619 1,523 3.9% 110,053 114,401 4,347 4.0% Expenses Terrestrial and BS broadcasting 22,954 23,464 509 2.2% 68,092 70,089 1,997 2.9% Anime and streaming 10,025 10,374 348 3.5% 27,884 30,131 2,247 8.1% Shopping and other 4,299 4,611 312 7.3% 11,953 12,437 483 4.0% Total consolidated operating expenses 36,087 36,847 759 2.1% 104,298 108,625 4,327 4.1% Operating income Terrestrial and BS broadcasting 1,830 2,267 436 23.9% 2,412 3,255 843 35.0% Anime and streaming 1,298 1,508 209 16.1% 3,822 2,726 △ 1,096 △ 28.7% Shopping and other 156 280 124 79.6% 320 641 320 100.0% Total consolidated operating income 3,007 3,771 763 25.4% 5,754 5,775 20 0.4% Consolidated ordinary income 3,159 4,059 899 28.5% 6,463 6,241 △ 221 △ 3.4% Profit (loss) attributable to owners of parent 2,171 2,689 518 23.9% 5,153 4,380 △ 773 △ 15.0% © 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 FY24/3 FY25/3 year-end 3Q-end 88,758 90,132 58,335 57,372 24,307 23,075 5,651 6,102 28,376 28,194 147,094 147,504 Changes 1,373 △ 963 △ 1,232 450 △ 181 409 Net assets Liabilities (Million yen) FY24/3 FY25/3 Changes year-end 3Q-end Current liabilities 43,606 42,425 △ 1,180 Non-current liabilities 4,219 4,123 △ 96 Total liabilities 47,825 46,548 △ 1,277 Shareholders' equity 94,086 95,520 1,433 Valuation and translation adjustments 4,988 5,243 254 Non-controlling interests 193 191 △ 2 Total net assets 99,268 100,955 1,686 Total liabilities and net assets 147,094 147,504 409 Note: Net assets per share =3,754.20yen Non-consolidated/TV TOKYO Financial Posit (Million yen) FY24/3 FY25/3 Changes year-end 3Q-end Total assets 83,603 83,699 95 Total liabilities 34,335 36,613 2,277 Total net assets 49,268 47,085 △ 2,182 Non-consolidated/BS TV TOKYO Financial Positi (Million yen) FY24/3 FY25/3 Changes year-end 3Q-end Total assets 21,677 22,157 479 Total liabilities 3,710 3,428 △ 282 Total net assets 17,967 18,729 762 © TV TOKYO Holdings Corporation 4 Non-consolidated Overview of TV TOKYO Profit and Loss Accounting Period （ October to December ） FY24/3 FY25/3 YoY change 3Q 3Q Amount % (Million yen) Cumulative Period （ April to December ） FY24/3 FY25/3 YoY change 3Q 3Q Amount % Net sales 28,506 Operating expenses 26,409 Operating income 2,096 Ordinary income 2,085 Profit before income taxes 2,085 Overview of broadcasting businesses Broadcasting businesses TIME （ T ） 11,118 sales (main items) SPOT （ S ） 7,069 T+S total 18,187 Program sales 1,079 Broadcasting businesses total sales 19,768 Broadcasting businesses expenses 15,010 Of which, broadcasting contents production expenses 8,154 Broadcasting businesses income 4,757 Overview of rights businesses Rights businesses sales Anime 4,907 Streaming business 3,037 Events 793 Rights businesses total sales 8,738 Rights businesses expenses 5,274 Rights businesses income 3,463 29,837 26,983 2,854 2,977 2,976 11,079 7,601 18,681 1,060 20,121 15,188 8,201 4,932 6,460 2,683 455 9,598 5,772 3,826 1,330 573 757 892 891 38 532 493 19 353 178 47 175 1,552 353 338 860 497 362 4.7% 2.2% 36.1% 42.8% 42.7% 0.3% 7.5% 2.7% 1.8% 1.8% 1.2% 0.6% 3.7% 31.6% 11.6% 42.7% 9.9% 9.4% 10.5% 80,504 76,911 3,592 5,517 6,576 32,352 19,123 51,475 3,215 56,401 44,566 24,678 11,834 14,980 7,931 1,190 24,102 13,408 10,694 84,296 80,685 3,611 4,958 4,955 33,817 20,296 54,113 3,148 58,576 46,595 26,119 11,980 16,801 7,697 875 25,374 15,491 9,882 3,792 3,773 18 559 1,620 1,464 1,173 2,638 66 2,174 2,028 1,441 146 1,820 234 315 1,271 2,083 812 4.7% 4.9% 0.5% 10.1% 24.6% 4.5% 6.1% 5.1% 2.1% 3.9% 4.6% 5.8% 1.2% 12.2% 3.0% 26.5% 5.3% 15.5% 7.6% © TV TOKYO Holdings Corporation 5 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 10.0 Area TX 6.8 5.0 5.8 2.5 5.0 0.0 -1.8 1.7 -0.1 -5.9 -5.9 -4.7 -5.0 -7.5 -9.8 -5.1 -6.1 -5.5 -10.0 -7.9 -12.3 -10.9 -15.0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY23/3 FY24/3 FY25/3 8.00 7.50 7.19 7.17 7.22 7.10 7.06 6.95 6.99 7.00 6.93 6.50 6.60 6.00 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY23/3 FY24/3 FY25/3 Monthly results of Time and Spot (Million yen) 2024 2025 Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. TIME 3,511 3,483 3,596 4,026 4,414 3,713 3,355 3,664 4,063 SPOT 2,383 2,100 2,065 2,020 1,934 2,119 2,493 2,553 2,670 Total 5,894 5,583 5,661 6,046 6,348 5,832 5,848 6,217 6,733 Note: Before settlement of accounts © TV TOKYO Holdings Corporation 6 Non-consolidated TV TOKYO Broadcasting Businesses 3Q of the Fiscal Year Ending March 31, 2025 Nine Months of the Fiscal Year Ending March 31, 2025 (Accounting Perod: October to December) (Cumulative Period: April to December) Ranking by SPOT Business Type Ranking by SPOT Business Type 3Q Difference from YoY Business type composition the previous year's change ratio composition ratio in sales Restaurants/services 13.4% △ 0.8pt 0.6% Information/telecoms 13.0% 3.4pt 45.1% Transportation/leisure 8.3% 0.5pt 14.2% Beverages/luxury foods 7.6% △ 3.4pt △ 25.9% Foods 7.5% △ 0.6pt △ 0.6% Financial/insurance 7.1% △ 0.7pt △ 2.6% Automobiles/related items 6.6% 2.3pt 62.7% Chemicals/pharmaceuticals 6.3% △ 1.3pt △ 11.3% Distribution/retail 6.0% △ 0.8pt △ 5.3% Household appliances/AV/precision devices 5.2% 1.7pt 60.3% Cosmetics/toiletries 3.0% 0.0pt 8.5% Hobbies/sports 2.8% △ 1.2pt △ 24.5% Energy/materials/machinery 2.5% △ 0.2pt △ 0.0% Public sector/associations 2.4% △ 0.3pt △ 5.8% Real estate/residential facilities 2.1% 0.3pt 27.8% Household furnishings and articles 2.0% 0.1pt 12.0% Fashion/accessories 1.8% △ 0.4pt △ 12.3% Publishing 1.6% 1.1pt 198.6% Education/medical services 1.0% 0.0pt 11.9% 3Q Difference from YoY Business type composition the previous year's change ratio composition ratio in sales Restaurants/services 13.6% △ 0.9pt △ 0.8% Information/telecoms 11.3% 0.0pt 6.2% Beverages/luxury foods 9.8% △ 1.4pt △ 7.2% Financial/insurance 8.6% △ 0.5pt 0.1% Transportation/leisure 8.3% 0.6pt 13.6% Foods 7.6% △ 0.0pt 5.5% Chemicals/pharmaceuticals 6.3% △ 0.0pt 5.1% Distribution/retail 6.2% △ 1.3pt △ 12.1% Automobiles/related items 5.7% 2.0pt 64.4% Household appliances/AV/precision devices 4.2% 0.8pt 30.6% Hobbies/sports 3.5% △ 1.0pt △ 16.6% Cosmetics/toiletries 3.1% 0.6pt 30.2% Real estate/residential facilities 3.0% 0.5pt 26.4% Energy/materials/machinery 2.2% 0.3pt 23.2% Public sector/associations 1.8% 0.0pt 7.7% Household furnishings and articles 1.8% 0.3pt 25.7% Publishing 1.1% 0.4pt 70.8% Fashion/accessories 1.0% △ 0.2pt △ 10.5% Education/medical services 0.8% △ 0.2pt △ 11.5% © TV TOKYO Holdings Corporation 7 Non-consolidated BS TV TOKYO Broadcasting Businesses Net sales TIME SPOT Others Operating expenses Cost of sales, Program production expenses Other expenses Indirect expenses Operating income (Million yen) Accounting Period （ October to December ） Cumulative Period （ April to December ） FY24/3 FY25/3 YoY change FY24/3 FY25/3 YoY change 3Q 3Q Amount % 3Q 3Q Amount % 4,131 4,201 69 1.7% 11,854 11,961 106 0.9% 2,511 2,605 93 3.7% 7,441 7,501 59 0.8% 1,320 1,380 59 4.5% 3,771 3,909 138 3.7% 299 216 △ 83 △ 27.9% 642 551 △ 91 △ 14.2% 3,496 3,450 △ 45 △ 1.3% 10,110 9,963 △ 146 △ 1.4% 1,435 1,556 121 8.4% 4,445 4,573 127 2.9% 1,016 785 △ 230 △ 22.7% 2,687 2,297 △ 389 △ 14.5% 1,044 1,107 63 6.1% 2,977 3,092 115 3.9% 635 750 115 18.1% 1,744 1,998 253 14.5% © TV TOKYO Holdings Corporation 8 Consolidated Shareholder Returns Dividend policy The Company recognizes shareholder returns as one of its important management issues and always works on stable and continuous dividend payments based on sharing the fruits of growth with stakeholders in a balanced manner. In addition to stable annual dividend of 20 yen per share as a minimum, the Company aims for dividend payout ratio of 30% on a consolidated basis as dividends linked to business results, and aims to increase this to 35% over the medium- to long-term. Acquisition of treasury shares Acquisition of treasury shares will be considered in accordance with laws and regulations specific to the broadcasting industry while taking into consideration tradable share ratio and other factors. Dividend per share: 40 yen 1,130 40yen 1,125 485 60yen 1,669 683 80yen 80yen (Commemorative dividend of 10 yen) 2,186 2,165 929 973 90yen (Commemorative dividend of 10 yen) （ million yen ） 2,404 1,731 FY20/3 FY21/3 FY22/3 FY23/3 FY24/3 FY25/3 forecasts ※ Payout ratio 43.7 ％ 43.9 ％ 27.9 ％ 32.8 ％ 32.2 ％ 46.2% Total payout ratio 43.7 ％ 62.6 ％ 39.1 ％ 46.3 ％ 46.6 ％ 77% ～ 80% Dividend Treasury shares acquired Total payout ratio = (total amount of dividends + total amount of treasury shares acquired)/profit attributable to owners of parent ※ The forecast of dividend payout ratio and Total Return Ratio for FY 24 is calculated based on the current full-year business forecast. Up to 1.2 billion yen, 300,000 shares, purchase period 2025/2/14-2025/7/31 © TV TOKYO Holdings Corporation 9 Full-Year Financial Results Forecasts for the Consolidated Fiscal Year Ending March 31, 2025 【 Consolidated full-year financial results forecasts for the fiscal year ending March 31, 2025 remain unchanged from the previous forecasts 】 (Million yen) FY24/3 YoY change FY25/3 Comparison with FY24/3 results Net sales results % forecasts Amount % Terrestrial and BS broadcasting 94,773 △ 4.9% 96,816 2,042 2.2% Anime and streaming 44,534 1.0% 46,445 1,910 4.3% Shopping and other 15,905 14.3% 17,208 1,303 8.2% Total consolidated net sales 148,587 △ 1.6% 153,000 4,412 3.0% Expenses Terrestrial and BS broadcasting 91,098 △ 4.1% 93,507 2,409 2.6% Anime and streaming 38,572 △ 0.5% 42,337 3,764 9.8% Shopping and other 15,605 14.2% 16,530 924 5.9% Total consolidated operating expenses 139,750 △ 1.4% 146,000 6,249 4.5% Operating income Terrestrial and BS broadcasting 3,675 △ 20.8% 3,308 △ 366 △ 10.0% Anime and streaming 5,962 12.1% 4,108 △ 1,854 △ 31.1% Shopping and other 299 16.1% 678 378 126.2% Total consolidated operating income 8,836 △ 4.3% 7,000 △ 1,836 △ 20.8% Consolidated ordinary income 9,599 2.4% 7,400 △ 2,199 △ 22.9% Profit (loss) attributable to owners of parent 6,736 0.2% 5,200 △ 1,536 △ 22.8% Note: Explanation of the proper use of financial results forecast and other notes The financial results forecast and other forward-looking statements in this material are based on information that is currently available to the Company and certain assumptions that are deemed reasonable by the company. A range of factors including trends in economic activity could cause actual business results to differ significantly. © TV TOKYO Holdings Corporation 10

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