Nippon Television Holdings, Inc.
Consolidated Flash Report
Results for the fiscal year ended March 31, 2023 (FY 2022)
May 11, 2023 | ||||||||||||||
(Japanese GAAP) | ||||||||||||||
Stock listing: | Tokyo Stock Exchange (Prime Section) | Code number: 9404 | ||||||||||||
URL:https://www.ntvhd.co.jp/ | ||||||||||||||
Representative: Yoshikuni Sugiyama, Representative Director, Chairman | ||||||||||||||
Information contact: Kozo Morita, President, Financial Management Division | Tel: +81-3-6215-4111 | |||||||||||||
Schedule dates | ||||||||||||||
General shareholders' meeting: | June 29, 2023 | Dividends payout: | June 30, 2023 | |||||||||||
Filing of statutory financial report: | June 30, 2023 | |||||||||||||
Supplementary materials to financial results available: | Yes | |||||||||||||
Result meeting held: | Yes | |||||||||||||
1. Results for the fiscal year 2022 (From April 1, 2022 to March 31, 2023) | ||||||||||||||
(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 | % | |||||||||
FY 2022 | 413,979 | 1.9 | 46,593 | △20.6 | 51,775 | △20.1 | ||||||||
FY 2021 | 406,395 | 3.8 | 58,682 | 70.0 | 64,838 | 51.0 | ||||||||
(Note) Comprehensive income: FY2022 | ¥ 1,532 million (△96.0%) | FY2021 | ¥ 38,258 million (△48.7%) | |||||||||||
Net income attributable to | Net income | Diluted | Return | Total capital | Operating | |||||||||
owners of the parent | income | to recurring | profit | |||||||||||
per share | on equity | |||||||||||||
(% change from the previous year) | per share | profit | margin | |||||||||||
Millions of yen | % | yen | yen | % | % | % | ||||||||
FY 2022 | 34,081 | △28.1 | 133.61 | 133.28 | 4.1 | 4.9 | 11.3 | |||||||
FY 2021 | 47,431 | 97.3 | 185.95 | 185.66 | 5.7 | 6.2 | 14.4 |
(Reference) Equity in earnings of affiliates: FY 2022 ¥ 903 million | FY 2021 | ¥ 3,133 million | ||||||||
(2) Consolidated financial position | ||||||||||
Total assets | Net assets | Equity capital | Net assets | |||||||
ratio | per share | |||||||||
Millions of yen | Millions of yen | % | yen | |||||||
FY 2022 | 1,035,501 | 843,585 | 80.8 | 3,280.35 | ||||||
FY 2021 | 1,061,571 | 850,825 | 79.6 | 3,311.63 | ||||||
(Reference) Equity capital: FY 2022 ¥ 836,759 million FY 2021 | ¥ 844,741 million | |||||||||
(3) Consolidated statements of cash flows | ||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |||||||
equivalents | ||||||||||
operating activities | investing activities | financial activities | ||||||||
at end of year | ||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||
FY 2022 | 45,461 | △23,724 | △9,452 | 74,915 | ||||||
FY 2021 | 58,503 | △70,534 | △9,384 | 62,412 |
(Note)Regarding the business combination with Murayama HD and its subsidiary, Murayama, which took place on March 31, 2022, provisional accounting treatment was applied for FY2021. Each figure for FY2021 reflects the details of the finalized provisional accounting treatment.
2. Cash Dividends | ||||||||||||||||||
Dividends per share | Total | Dividends | Net assets | |||||||||||||||
1Q | 2Q | 3Q | Year-end | Annual | dividend | payout | to dividend | |||||||||||
payout | ratio | ratio | ||||||||||||||||
yen | yen | yen | yen | yen | Millions | % | % | |||||||||||
of yen | ||||||||||||||||||
19.9 | 1.1 | |||||||||||||||||
FY 2021 | - | 10.00 | - | 27.00 | 37.00 | 9,258 | ||||||||||||
FY 2022 | - | 10.00 | - | 27.00 | 37.00 | 9,493 | 27.7 | 1.1 | ||||||||||
Forecast for FY 2023 | - | 10.00 | - | 27.00 | 37.00 | 25.5 | ||||||||||||
3. Forecast for FY 2023 (From April 1, 2023 to March 31, 2024) | (percentages indicate year-on-year changes) | |||||||||||||||||
Net sales | Operating profit | Recurring profit | ||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||||||
FY2023 | 436,000 | 5.3 | 48,000 | 3.0 | 54,000 | 4.3 | ||||||||||||
Net income attributable | Net income | |||||||||||||||||
to owners of the parent | per share | |||||||||||||||||
Millions of yen | % | yen | ||||||||||||||||
FY2023 | 37,000 | 8.6 | 145.05 |
*Notes
- Changes in significant subsidiaries during the period (Reclassification due to change in scope of consolidation): None
- Changes in the accounting policies, accounting estimates and restatements.
- Changes in accounting policies due to amendment of accounting standards: Yes
- Changes in accounting policies other than ① : None
- Changes in accounting estimate: None
④ Restatement: None
- Issued shares (Common stock)
- Issued shares at the end of period (Including treasury stock)
-
Treasury stock at the end of period
③ Average shares
FY 2022 | 263,822,080 | shares | FY 2021 | 263,822,080 | shares |
FY 2022 | 8,739,371 | shares | FY 2021 | 8,738,721 | shares |
FY 2022 | 255,083,139 | shares | FY 2021 | 255,083,445 | shares |
*This flash report is outside the scope of audit by certified public accountants or an audit firm.
*Explanation of appropriate use of forecasts of financial results; other important items The forward-looking statements made in this document, including the aforementioned forecasts, are based on all information available to the management at the time of this document's release and certain assumptions considered rational. Actual results may differ materially from the forecasts due to various factors in the future.
Consolidated Financial Statements
Consolidated Balance Sheets
(Million yen) | ||
As of March 31,2022 | As of March 31,2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 63,760 | 75,228 |
Notes and accounts receivable - trade, and contract | 106,986 | 103,047 |
assets | ||
Securities | 76,500 | 28,000 |
Inventories | 3,362 | 2,667 |
Program rights | 4,369 | 6,919 |
Other | 21,302 | 21,851 |
Allowance for doubtful accounts | (469) | (427) |
Total current assets | 275,812 | 237,285 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 66,228 | 64,729 |
Machinery, equipment and vehicles, net | 12,762 | 11,039 |
Tools, furniture and fixtures, net | 2,813 | 2,673 |
Land | 172,726 | 174,711 |
Leased assets, net | 3,364 | 2,615 |
Construction in progress | 1,821 | 1,198 |
Total property, plant and equipment | 259,717 | 256,968 |
Intangible assets | ||
Goodwill | 12,888 | 11,894 |
Other | 16,438 | 14,807 |
Total intangible assets | 29,326 | 26,702 |
Investments and other assets | ||
Investment securities | 464,172 | 479,593 |
Long-term loans receivable | 2,867 | 2,334 |
Deferred tax assets | 2,916 | 3,314 |
Other | 27,880 | 30,267 |
Allowance for doubtful accounts | (1,123) | (964) |
Total investments and other assets | 496,714 | 514,545 |
Total non-current assets | 785,758 | 798,215 |
Total assets | 1,061,571 | 1,035,501 |
(Million yen) | ||
As of March 31,2022 | As of March 31,2023 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 10,473 | 13,013 |
Short-term borrowings | 2,580 | 3,084 |
Accounts payable - other | 8,659 | 8,626 |
Accrued expenses | 53,194 | 55,784 |
Income taxes payable | 12,904 | 8,562 |
Provision for loss on store closings | - | 758 |
Other | 20,003 | 15,684 |
Total current liabilities | 107,816 | 105,514 |
Non-current liabilities | ||
Lease liabilities | 11,211 | 9,608 |
Deferred tax liabilities | 50,300 | 35,166 |
Retirement benefit liability | 14,132 | 14,130 |
Long-term guarantee deposits | 20,650 | 21,198 |
Other | 6,635 | 6,297 |
Total non-current liabilities | 102,929 | 86,402 |
Total liabilities | 210,745 | 191,916 |
Net assets | ||
Shareholders' equity | ||
Share capital | 18,600 | 18,600 |
Capital surplus | 35,787 | 36,051 |
Retained earnings | 681,577 | 706,394 |
Treasury shares | (9,098) | (9,099) |
Total shareholders' equity | 726,866 | 751,946 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 117,817 | 84,515 |
securities | ||
Deferred gains or losses on hedges | 12 | 16 |
Foreign currency translation adjustment | 45 | 280 |
Total accumulated other comprehensive income | 117,875 | 84,812 |
Non-controlling interests | 6,083 | 6,825 |
Total net assets | 850,825 | 843,585 |
Total liabilities and net assets | 1,061,571 | 1,035,501 |
Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
(Million yen) | ||
For the fiscal year | For the fiscal year | |
ended March 31,2022 | ended March 31,2023 | |
Net sales | 406,395 | 413,979 |
Cost of sales | 253,541 | 271,785 |
Gross profit | 152,854 | 142,193 |
Selling, general and administrative expenses | 94,172 | 95,600 |
Operating profit | 58,682 | 46,593 |
Non-operating income | ||
Interest income | 1,138 | 1,712 |
Dividend income | 1,967 | 2,006 |
Share of profit of entities accounted for using equity | 3,133 | 903 |
method | ||
Gain on investments in investment partnerships | 430 | 709 |
Other | 308 | 348 |
Total non-operating income | 6,978 | 5,680 |
Non-operating expenses | ||
Interest expenses | 404 | 364 |
Foreign exchange losses | 34 | 31 |
Loss on investments in investment partnerships | 260 | 21 |
Other | 122 | 81 |
Total non-operating expenses | 822 | 498 |
Ordinary profit | 64,838 | 51,775 |
Extraordinary income | ||
Gain on sale of non-current assets | 43 | 6 |
Gain on sale of investment securities | 6,842 | 475 |
Grant income | 896 | 4 |
Total extraordinary income | 7,782 | 486 |
Extraordinary losses | ||
Loss on sale of non-current assets | 120 | 4 |
Loss on retirement of non-current assets | 391 | 281 |
Loss on sale of investment securities | - | 3 |
Loss on valuation of investment securities | 23 | 382 |
Loss on step acquisitions | - | 123 |
Impairment losses | 2,175 | 1,582 |
Loss on COVID19 | 909 | - |
Provision for loss on store closings | - | 758 |
Other | 183 | 43 |
Total extraordinary losses | 3,802 | 3,180 |
Profit before income taxes | 68,818 | 49,082 |
Income taxes - current | 20,710 | 15,269 |
Income taxes - deferred | 581 | (783) |
Total income taxes | 21,292 | 14,486 |
Profit | 47,525 | 34,595 |
Profit attributable to non-controlling interests | 93 | 514 |
Profit attributable to owners of parent | 47,431 | 34,081 |
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Nippon Television Holdings Inc. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 06:15:51 UTC.