Tv Tokyo Holdings CorporationTSE: 9413

Q3 FY2025 Financial Results Materials1.2MB

Mar 5, 2025 at 5:12 AM UTC · Issued by 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).

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%

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

Non-consolidatedOverview 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%

Non-consolidatedTV 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

Non-consolidatedTV 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%

Non-consolidatedBS 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%

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

1,125485

60yen

1,669

683

80yen	80yen
(Commemorative
dividend of
10 yen)

2,1862,165

929973

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

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.