Nippon Television : Financial Data Result for the Period ended December 31, 2021

Nippon Television Holdings, Inc.

Consolidated Flash Report

Results for the 3rd Quarter ended December 31, 2021

										February 03, 2022
(Japanese GAAP)
Stock listing: Tokyo Stock Exchange (First Section)		Code number: 9404
URL:https://www.ntvhd.co.jp/
	Representative: Yoshio Okubo, Representative Director Chairman
	Information contact: Shunsuke Koyano, President, Financial Management Division
Tel: [phone]
Schedule dates
Filing of statutory financial report: February 10, 2022
Dividends payout: －
Supplementary materials to financial results available:	Yes
Result meeting held:				None
1. Results for the 3rd Quarter FY2021 (From April 1, 2021 to December 31, 2021)
(1) Consolidated operating results		(Figures less than 1 million yen have been omitted.)
			Net sales		Operating profit		Recurring profit
			(% change from the previous year)	(% change from the previous year)	(% change from the previous year)
			Millions of yen		%	Millions of yen		%	Millions of yen	%
	3rd Qtr FY 2021		301,197		6.1	44,835		85.0	50,175	74.7
	3rd Qtr FY 2020		283,766		△10.5	24,237		△21.6	28,726	△21.3

(Note) Comprehensive income: 3rd Qtr FY2021

¥ 62,060 million (55.5%) 3rd Qtr FY2020 ¥ 39,899 million (△19.2%)

Net income attributable to

Net income

Diluted

owners of the parent

income

per share

(% change from the previous year)

per share

Millions of yen

%

yen

yen

3rd Qtr FY 2021

38,872

131.2

152.39

152.07

3rd Qtr FY 2020

16,813

△30.3

65.86

65.61

(2) Consolidated financial position

Total assets

Net assets

Equity capital

' ratio

Millions of yen

Millions of yen

%

3rd Qtr FY 2021

1,084,472

874,144

80.1

FY 2020

1,032,155

820,506

79.0

(For reference) Equity capital: 3rd Qtr. FY 2021

¥ 868,426 million

FY 2020

¥ 815,090 million

2. Cash Dividends

Dividends per share

1Q

2Q

3Q

Year-end

Annual

yen

yen

yen

yen

yen

FY 2020

－

10.00

－

25.00

35.00

FY 2021

－

10.00

Forecast for FY 2021

－

25.00

35.00

(Note) Revisions of cash dividends forecast: None

3. Forecast for FY 2021 (From April 1, 2021 to March 31, 2022)

	Net sales		Operating profit		Recurring profit
	Millions of yen	%	Millions of yen	%	Millions of yen	%
FY2021	405,000	3.5	55,000		59.3	61,000	42.0
	Net income attributable	Net income
	to owners of the parent	per share
	Millions of yen	%	yen
FY2021	46,000	91.3	180.33

(Note) Revisions in consolidated performance forecasts: Yes

4. Others

1. Changes in significant subsidiaries during the period (Reclassification due to change in scope of consolidation): None
2. Application of accounting methods specific to preparation of the quarterly consolidated financial statements: Yes
3. Changes in the accounting policies, accounting estimates and restatements.

①	Changes in accounting policies due to amendment of accounting standards: Yes
②	Changes in accounting policies other than	① : None
③	Changes in accounting estimate: None
④	Restatement: None
(4)	Issued shares (Common stock)
①	Issued shares at the end of period
3rd Qtr	263,822,080	shares	FY2020	263,822,080	shares
	(Including treasury stock)	FY 2021
②	Treasury stock at the end of period	3rd Qtr	8,738,701	shares	FY2020	8,738,571	shares
FY 2021
③	Average shares	3rd Qtr	255,083,471	shares	3rd Qtr	255,309,821	shares
FY 2021	FY 2020

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Million yen)
			As of March 31,2021	As of December 31,2021
Assets
	Current assets
		Cash and deposits	85,187	71,906
		Notes and accounts receivable - trade	103,694	-
		Notes and accounts receivable - trade, and contract	-	100,872
		assets
		Securities	89,000	106,500
		Inventories	3,621	4,089
		Program rights	4,742	5,275
		Other	22,029	21,667
		Allowance for doubtful accounts	(490)	(473)
		Total current assets	307,784	309,838
	Non-current assets
		Property, plant and equipment
		Buildings and structures, net	68,227	67,402
		Machinery, equipment and vehicles, net	14,992	14,173
		Tools, furniture and fixtures, net	3,199	2,949
		Land	170,235	170,852
		Leased assets, net	4,493	4,240
		Construction in progress	6,772	3,350
		Total property, plant and equipment	267,921	262,969
		Intangible assets
		Goodwill	546	425
		Other	12,791	11,884
		Total intangible assets	13,337	12,310
		Investments and other assets
		Investment securities	408,396	466,139
		Long-term loans receivable	3,315	2,866
		Deferred tax assets	2,861	2,851
		Other	29,855	28,665
		Allowance for doubtful accounts	(1,318)	(1,168)
		Total investments and other assets	443,110	499,354
		Total non-current assets	724,370	774,634
	Total assets	1,032,155	1,084,472

				(Million yen)
			As of March 31,2021	As of December 31,2021
Liabilities
	Current liabilities
		Notes and accounts payable - trade	8,238	7,995
		Short-term borrowings	2,495	2,386
		Accounts payable - other	7,753	6,466
		Accrued expenses	50,824	49,764
		Income taxes payable	17,971	10,203
		Provision for sales returns	12	-
		Provision for loss on store closings	1,015	-
		Other	16,360	18,088
		Total current liabilities	104,672	94,905
	Non-current liabilities
		Lease obligations	12,727	11,678
		Deferred tax liabilities	52,495	62,440
		Retirement benefit liability	13,979	13,947
		Long-term guarantee deposits	20,638	20,641
		Other	7,134	6,714
		Total non-current liabilities	106,976	115,422
	Total liabilities	211,648	210,327
Net assets
	Shareholders' equity
		Share capital	18,600	18,600
		Capital surplus	35,453	35,787
		Retained earnings	642,991	673,018
		Treasury shares	(9,098)	(9,098)
		Total shareholders' equity	687,947	718,307
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	127,322	150,142
		securities
		Deferred gains or losses on hedges	0	2
		Foreign currency translation adjustment	(180)	(26)
		Total accumulated other comprehensive income	127,142	150,119
	Non-controlling interests	5,416	5,718
	Total net assets	820,506	874,144
Total liabilities and net assets	1,032,155	1,084,472

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the nine months)

			(Million yen)
		For the nine months	For the nine months
		ended December 31,2020	ended December 31,2021
Net sales	283,766	301,197
Cost of sales	196,682	189,072
Gross profit	87,084	112,124
Selling, general and administrative expenses	62,846	67,289
Operating profit	24,237	44,835
Non-operating income
	Interest income	843	847
	Dividend income	2,597	1,893
	Share of profit of entities accounted for using equity	736	2,634
	method
	Foreign exchange gains	9	7
	Gain on investments in investment partnerships	413	322
	Other	265	234
	Total non-operating income	4,863	5,940
Non-operating expenses
	Interest expenses	276	306
	Loss on investments in investment partnerships	24	188
	Other	73	104
	Total non-operating expenses	374	600
Ordinary profit	28,726	50,175
Extraordinary income
	Gain on sale of non-current assets	3	20
	Gain on sale of investment securities	27,726	6,822
	Insurance claim income	1,328	-
	Grant income	609	421
	Other	162	-
	Total extraordinary income	29,830	7,263
Extraordinary losses
	Loss on sale of non-current assets	1,514	-
	Loss on retirement of non-current assets	1,394	119
	Loss on sale of investment securities	11	-
	Loss on valuation of investment securities	1	-
	Impairment losses	17,036	-
	Loss on COVID19	3,448	909
	Provision for loss on store closings	885	-
	Other	-	75
	Total extraordinary losses	24,292	1,104
Profit before income taxes	34,264	56,335
Income taxes	17,766	17,251
Profit	16,498	39,083
Profit (loss) attributable to non-controlling interests	(315)	211
Profit attributable to owners of parent	16,813	38,872