Nippon Television : Financial Data Result for the Period ended March 31,2025

Nippon Television Holdings, Inc. Consolidated Flash Report Results for FY2024 ended March 31, 2025

(Japanese GAAP)

Stock listing: Tokyo Stock Exchange (Prime Market) Code number: 9404 URL: https://www.ntvhd.co.jp/english/

Representative: Yoshikuni Sugiyama, Representative Director, Chairman and Chief Executive Officer Information contact: Masaharu Sato, President, Financial Management Division Tel: [phone]

May 8, 2025

General shareholders' meeting:	June 27, 2025	Dividends payout:	June 30, 2025
Filing of statutory financial report:	June 26, 2025

Supplementary materials to financial results available: Yes Result meeting held: Yes

1. Results for the FY2024 (From April 1, 2024 to March 31, 2025)
   1. Consolidated operating results (Figures less than 1 million yen have been omitted.)

      	Net sales (% change from the previous year)		Operating profit (% change from the previous year)		Recurring profit (% change from the previous year)
      	Millions of yen	%	Millions of yen	%	Millions of yen	%
      FY 2024	461,915	9.1	54,917	31.1	65,724	32.8
      FY 2023	423,523	2.3	41,877	△10.1	49,503	△4.4

      (Note) Comprehensive income: FY2024 58,300 million (△40.6%) FY2023 98,101 million (－%)

      	Net income attributable to owners of the parent (% change from the previous year)		Net income per share	Diluted income per share	Return on equity	Total capital to recurring profit	Operating profit margin
      FY 2024 FY 2023	Millions of yen	%	yen	%	%	%	yen
      	46,000 34,660	32.7 1.7	183.42 136.41	183.37 136.18	4.9 3.9	5.4 4.5	11.9 9.9

      (Reference) Equity in earnings of affiliates: FY 2024 5,749 million FY 2023 2,645 million

   2. Consolidated financial position

      	Total assets	Net assets	Shareholders' equity ratio	Net assets per share
      FY 2024 FY 2023	Millions of yen 1,232,117 1,183,299	Millions of yen 990,992 947,295	% 77.9 77.6	yen 3,833.19 3,645.65

      (For reference) Equity capital: FY 2024 959,683 million FY 2023 918,593 million

   3. Consolidated statements of cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financial activities	Cash and cash equivalents at end of year
   FY 2024 FY 2023	Millions of yen 47,898 44,669	Millions of yen △26,375 7,493	Millions of yen △16,065 △14,960	Millions of yen 118,239 112,471

2. Cash Dividends

   	Dividends per share					Total dividend payout	Dividend s payout ratio	Net assets to dividend ratio
   	1Q	2Q	3Q	Year-end	Annual
   	yen	Millions of yen 10.00 10.00	% - -	%	yen	Millions of yen 10,333 10,301	%	%
   FY 2023	-			30.00	40.00		29.3	1.2
   FY 2024	-			30.00	40.00		21.8	1.1
   Forecast for FY 2025	-	10.00	-	30.00	40.00		21.3

   (Note) Revisions of cash dividends forecast: None

   The Year-end dividends for FY2023 of 30 yen includes ordinary dividends of 27 yen and commemorative dividends of 3 yen. (For 70th anniversary of broadcasting)

3. Forecast for FY 2025 (From April 1, 2025 to March 31, 2026)

	Net sales	Operating profit	Recurring profit
FY2025	Millions of yen % 466,000 0.9	Millions of yen % 55,000 0.2	Millions of yen % 64,000 △2.6

	Net income attributable to owners of the parent	Net income per share
FY2025	Millions of yen % 47,000 2.2	yen 187.73

• Explanatory Notes

  1. Changes in significant subsidiaries during the period: None

  2. Change in the accounting policies, accounting estimates and restatements.

     ① Changes in accounting policies due to amendment of accounting standards: Yes

     ② Change in accounting policies other than ① : None

     ③ Changes in accounting estimate: None

     ④ Restatement: None

  3. Issued shares (Common stock)

FY 2024	263,822,080 shares	FY2023	263,822,080 shares
FY 2024	13,460,660 shares	FY2023	11,852,533 shares
FY 2024	250,791,513 shares	FY 2023	254,080,827 shares

① Issued shares at the end of period (Including treasury stock)

② Treasury stock at the end of period

③ Average shares

(Note) The number of treasury stock at the end of the period includes shares of the Company held by Trust-type Employee Shareholding Incentive Plan (1,269,400 shares as of FY2024 and 1,730,800 shares as of FY2023). In addition, the shares of the Company owned by Trust-type Employee Shareholding Incentive Plan are included in the number of treasury stock deducted in the calculation of average number of shares outstanding during the period (1,481,484 shares as of FY2024 and 993,553 shares as of FY2023).

＊This flash report is outside the scope of audit by certified public accountants or an audit firm.

Consolidated Financial Statements

Consolidated Balance Sheets

(Millions of yen)

As of March 31, 2024

As of March 31, 2025

Assets

Current assets

Cash and deposits 112,998 93,293

Notes and accounts receivable - trade, and contract assets	110,692	118,418
Securities	57,768	106,010
Inventories	4,406	5,162
Program rights	5,715	7,135
Other	25,033	22,205
Allowance for doubtful accounts	(416)	(412)
Total current assets	316,198	351,813
Non-current assets
Property, plant and equipment
Buildings and structures, net	61,842	59,225
Machinery, equipment and vehicles, net	8,669	7,560
Tools, furniture and fixtures, net	2,958	2,859
Land	178,684	179,742
Leased assets, net	2,063	1,228
Construction in progress	2,165	2,912
Total property, plant and equipment	256,384	253,529
Intangible assets
Goodwill	10,761	9,863
Other	21,313	19,180
Total intangible assets	32,075	29,043
Investments and other assets
Investment securities	540,949	567,732
Long-term loans receivable	3,031	2,688
Deferred tax assets	3,293	4,218
Other	32,274	24,000
Allowance for doubtful accounts	(908)	(908)
Total investments and other assets	578,640	597,731
Total non-current assets	867,100	880,304
Total assets	1,183,299	1,232,117

(Millions of yen)

As of March 31, 2024

As of March 31, 2025

Liabilities

Current liabilities

Accounts payable - trade	14,978	14,418
Short-term borrowings	3,037	2,399
Accounts payable - other	8,952	7,632
Accrued expenses	59,403	60,950
Income taxes payable	15,182	15,650
Provision for loss on store closings	36	-
Other	16,690	17,547
Total current liabilities	118,282	118,599
Non-current liabilities
Long-term borrowings	2,591	1,424
Lease liabilities	7,572	5,620
Deferred tax liabilities	63,385	71,218
Retirement benefit liability	14,496	14,356
Long-term guarantee deposits	21,276	21,357
Other	8,399	8,549
Total non-current liabilities	117,721	122,526
Total liabilities	236,003	241,125
Net assets
Shareholders' equity
Share capital	18,600	18,600
Capital surplus	36,051	35,266
Retained earnings	731,225	766,525
Treasury shares	(14,740)	(19,041)
Total shareholders' equity	771,136	801,350
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	147,070	157,886
Deferred gains or losses on hedges	20	8
Foreign currency translation adjustment	366	438
Total accumulated other comprehensive income	147,457	158,332
Non-controlling interests	28,702	31,309
Total net assets	947,295	990,992
Total liabilities and net assets	1,183,299	1,232,117

Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income

For the fiscal year ended March 31, 2024

(Millions of yen)

For the fiscal year ended March 31, 2025

Net sales 423,523 461,915

Cost of sales 281,582 298,945

Gross profit 141,941 162,970

Selling, general and administrative expenses 100,063 108,053

Operating profit 41,877 54,917

Non-operating income

Interest income 1,988 2,325

Dividend income 2,336 2,395

Share of profit of entities accounted for using equity method

2,645

5,749

Foreign exchange gains 208 -

Gain on investments in investment partnerships 331 468

Other 712 921

Total non-operating income 8,222 11,861 Non-operating expenses

Interest expenses 308 259

Foreign exchange losses - 182

Loss on investments in investment partnerships 163 402

Other 124 208

Total non-operating expenses 596 1,053

Ordinary profit 49,503 65,724

Extraordinary income

Gain on sale of non-current assets 4 1

Gain on sale of investment securities 11,154 9,888

Gain on step acquisitions 4,083 -

Other 1,134 434

Total extraordinary income 16,376 10,325 Extraordinary losses

Loss on sale of non-current assets 59 5

Loss on retirement of non-current assets 185 246

Loss on sale of investment securities - 2

Loss on valuation of investment securities 1,149 1,312

Impairment losses 12,148 5,065

Other 616 327

Total extraordinary losses 14,159 6,959

Profit before income taxes 51,720 69,091

Income taxes - current 19,202 22,546

Income taxes - deferred (2,936) (882)

Total income taxes 16,266 21,663

Profit 35,454 47,427

Profit attributable to non-controlling interests 794 1,426

Profit attributable to owners of parent 34,660 46,000