TV TOKYO : FY2022 Financial Results Materials1.83MB

Supplementary Material for Full-Year Financial Results for the Fiscal Year Ending March 31, 2023 (FY2023)

May 11, 2023

Securities code: 9413

TV TOKYO Holdings Corporation

FY23/3 Full-year Consolidated Financial Results and FY24/3 Forecast/Summary of New Medium-Term Plan

New record-high net sales, operating income, ordinary income and profit

・Operating income was 9,229 million yen

⇒increased by 529 million yen from the full-year forecast announced in the third quarter (February 7)

・TV TOKYO recorded higher net sales and profit, with the "streaming and anime" businesses, a growth engine, driving its performance, while the broadcasting businesses secured the same level of profit as in the previous year.

⇒Net sales for the anime business increased by 23% year on year due to continued growth in overseas sales. Commercialization in North America increased significantly.

⇒Net sales for the streaming business increased by 22% year on year due to strong sales of both new and archived dramas.

Annual dividends of 80 yen (60 yen for FY22/3)/acquired approximately 460,000 treasury shares (1.7% of issued shares) ⇒Total payout ratio of 46.3%

Net sales are expected to increase for the third consecutive year, and operating and ordinary income are expected to increase for the fourth consecutive year

Medium-Term Plan for FY24/3 to FY26/3>

・Aim to achieve 8% ROE in the late 2020s

・Targets for FY26/3 set at consolidated net sales of 170.0 billion yen and consolidated operating income of 11.0 billion yen.

・Reduce the ratio of "broadcasting" businesses to "anime/streaming/shopping" businesses of "5:5" in FY2022 to "4:6" in FY26/3 through profit structure reform

*For details, please refer to "Notice concerning Medium-Term Plan 2023"

Consolidated Overview of Business Segments

Segments

Terrestrial broadcasting business

Broadcast related business

BS Broadcasting business

Communication business

Operating Companies

TV TOKYO Corporation

12 consolidated subsidiaries (excluding other segments' operating companies)

BS TV TOKYO Corporation

TV TOKYO Communications Corporation

Business Category
Broadcasting businesses
	Anime
Rights	Streaming
businesses	business
	Events

Broadcasting businesses

Rights businesses

Business Operations Broadcasting revenue through terrestrial broadcasting Sale of broadcast programs to other broadcasters Business revenue using peripheral rights for anime broadcast programs Business revenue using peripheral rights for non-animebroadcast programs Box-officerevenue through investment in movies, and business revenue by using peripheral rights

Box-office revenue by organizing events, etc.

TV shopping, e-commerce business, and paid CS broadcasting channel business Music publishing business, and businesses that supplement broadcasting itself, such as production and sale of programs, and broadcasting operations

Broadcasting revenue through BS broadcasting Sale of broadcast programs to other broadcasters Business revenue using peripheral rights for BS broadcast programs Development, operations, and advertising businesses of digital media such as video streaming

3

Consolidated Overview of Profit and Loss by Segment

										(Million yen)
	Accounting Period (January to March)			Cumulative Period (April to March)
			YoY change	FY22/3	FY23/3	YoY change	Change from forecast
	FY22/3 4Q	FY23/3 4Q
	Amount	%	full year	full year	Amount	%	Amount	%
Net sales
Terrestrial broadcasting	29,683	30,232	549	1.9%	110,969	113,466	2,497	2.3%	1,090	1.0%
Broadcast related	9,046	9,931	885	9.8%	36,647	38,542	1,895	5.2%	52	0.1%
BS broadcasting	4,237	4,093	△ 144	△ 3.4%	17,176	16,864	△ 312	△ 1.8%	102	0.6%
Communication	1,576	1,483	△ 92	△ 5.9%	5,020	5,181	160	3.2%	75	1.5%
Total consolidated net sales
38,187	40,198	2,010	5.3%	148,070	150,963	2,892	2.0%	963	0.6%
Expenses

Terrestrial broadcasting

Broadcast related

BS broadcasting

Communication

Total consolidated operating expenses

Operating income

Terrestrial broadcasting

Broadcast related

BS broadcasting

Communication

Total consolidated operating income Consolidated ordinary income

Profit (loss) attributable to owners of parent

28,213	28,939	725	2.6%	104,248	105,915	1,666	1.6%	496	0.5%
8,605	9,841	1,236	14.4%	33,468	36,148	2,679	8.0%	318	0.9%
4,275	3,491	△ 784	△ 18.3%	14,946	14,550	△ 395	△ 2.6%	19	0.1%
1,460	1,320	△ 140	△ 9.6%	4,627	4,708	80	1.7%	75	1.6%
37,256	39,106	1,850	5.0%	139,486	141,733	2,246	1.6%	433	0.3%
1,469	1,293	△ 176	△ 12.0%	6,720	7,551	830	12.4%	593	8.5%
440	90	△ 350	△ 79.6%	3,178	2,394	△ 783	△ 24.7%	△ 265	△ 10.0%
△ 38	601	639	―	2,230	2,313	83	3.7%	83	3.7%
116	163	47	41.0%	393	472	79	20.3%	0	0.1%
931	1,091	159	17.2%	8,584	9,229	645	7.5%	529	6.1%
1,042	981	△ 61	△ 5.9%	9,159	9,378	218	2.4%	178	1.9%
718	1,343	625	87.1%	6,024	6,724	700	11.6%	524	8.5%

4

Consolidated Overview of Balance Sheets

Consolidated Overview of Balance Sheets

		FY22/3	FY23/3	Changes
		year-end	year-end
	Current assets	80,224	85,704	5,479
	Non-current assets	53,852	54,229	376
	Property, plant	26,879	25,272	△1,607
	and equipment
Assets	Intangible assets	1,798	3,666	1,868
Investments	25,174	25,290	116
	and other assets

Total assets

134,076 139,933

5,856

Liabilities

Net assets

Current liabilities

Non-current liabilities

Total liabilities

Shareholders' equity

Valuation and translation adjustments Non-controlling interests

Total net assets

Total liabilities and net asse

		(Million yen)
FY22/3	FY23/3	Changes
year-end	year-end
39,836	41,841	2,005
4,403	4,740	336
44,240	46,582	2,342
86,115	90,209	4,094
3,500	2,950	△549
221	191	△29
89,836	93,351	3,514
134,076	139,933	5,856

Note: Net assets per share =3,414.10yen

Non-consolidated/TV TOKYO		Non-consolidated/BS TV TOKYO			Overview of Consolidated Cash Flows	(Million yen)
	Financial Position (Million yen)		Financial Position （Million yen）			FY22/3	FY23/3
	FY22/3	FY23/3	Changes		FY22/3	FY23/3	Changes			full-year	full-year
	year-endyear-end		year-endyear-end		Operating cash flows	13,499	11,135
Total assets	79,928	82,545	2,617	Total assets	20,308	20,880	572		Investing cash flows
	△1,349	△8,334
									Financing cash flows
									△4,793	△3,139
Total liabilities	30,318	31,005	686	Total liabilities	4,040	3,730	△ 309
		Cash and cash equivalents	38,078	37,787
Total net assets	49,609	51,539	1,930	Total net assets	16,267	17,149	882

5