TV TOKYO : Q3 FY2022 Consolidated Earnings Report 389KB

Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results

for the Nine Months Ended December 31, 2022

[Japanese GAAP]

February 7, 2023

Company name: TV TOKYO Holdings Corporation

Stock exchange listing: Tokyo Stock Exchange

Code number: 9413

URL: https://www.txhd.co.jp

Representative: Ichiro Ishikawa, CEO President

Contact: Koichi Komaru, General Manager, Finance Division

Phone: [phone]

Scheduled date of filing quarterly securities report: February 10, 2023

Scheduled date of commencing dividend payments: -

Availability of supplementary explanatory materials on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Not scheduled

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 1, 2022 - December 31,

2022)
(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales	Operating profit		Ordinary profit	Profit attributable to
			owners of parent
	Nine months ended	Million yen	%	Million yen	%		Million yen	%	Million yen	%
	December 31, 2022	110,764	0.8	8,138	6.3	8,397	3.5	5,380	1.4
	December 31, 2021	109,883	15.6	7,652	66.4	8,117	71.0	5,306	92.8
(Note) Comprehensive income: Nine months ended December 31, 2022: ¥4,871 million [3.2%]
		Nine months ended December 31, 2021: ¥4,722 million [11.4%]
		Basic earnings	Diluted earnings
		per share	per share
	Nine months ended		Yen		Yen
	December 31, 2022		195.00		-
	December 31, 2021		188.99		-

The Company has applied the "Accounting Standard for Revenue Recognition" and other standards from the beginning of the fiscal year ended March 31, 2022. The percent change for the nine months ended December 31, 2021 is a comparison with the value restated on the assumption that the Standard was applied for the nine months ended December 31, 2020. Net sales for the nine months ended December 31, 2020 would have been ¥95,036 million (reference value) should the Standard be applied for the nine months ended December 31, 2020.

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%
As of December 31, 2022	135,544	92,575	68.2
As of March 31, 2022	134,076	89,836	66.8

(Reference) Equity: As of December 31, 2022: ¥92,384 million As of March 31, 2022: ¥89,615 million

2. Dividends

				Annual dividends
		1st quarter-end	2nd quarter-end		3rd quarter-end	Year-end	Total
		Yen	Yen		Yen	Yen	Yen
Fiscal year ended		-	15.00		-	45.00	60.00
March 31, 2022
Fiscal year ending		-	15.00		-
March 31, 2023
Fiscal year ending
March 31, 2023						65.00	80.00
(Forecast)
(Note) Revision to the dividend forecast announced most recently: Yes

Breakdown of the year-end dividend for the fiscal year ending March 31, 2023:

Commemorative dividend of 10.00 yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 - March 31, 2023)

(% indicates changes from the previous corresponding period.)

							Profit attributable	Basic earnings
	Net sales		Operating profit	Ordinary profit	to owners of
			per share
							parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	150,000	1.3	8,700	1.3	9,200	0.4	6,200	2.9	225.08
(Note) Revision to the financial results forecast announced most recently: Yes

• The financial results forecast may change due to various factors including spread of the COVID-19 infection. In case the financial results forecast needs to be revised, the Company will disclose the revision promptly.

* Notes:

1. Changes in significant subsidiaries during the period under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: - (Company name:)
   Excluded: - (Company name:)
2. Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None
5. Total number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares):

December 31, 2022:	27,579,500 shares
March 31, 2022:	27,779,500 shares
2) Total number of treasury shares at the end of the period:
December 31, 2022:	36,526 shares
March 31, 2022:	30,937 shares
3) Average number of shares during the period:
Nine months ended December 31, 2022:	27,593,848 shares
Nine months ended December 31, 2021:	28,077,763 shares

• This quarterly financial results report is outside the scope of quarterly review by certified public accountants or an audit firm.
• Explanation of the proper use of financial results forecast and other notes

The forward-looking statements in the report, including financial results forecast, are based on the assumptions that the Company determines reasonable in light of information available. Actual performance, etc. may differ materially due to various factors.

Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheets

			(Million yen)
		As of March 31, 2022	As of December 31, 2022
Assets
Current assets
Cash and deposits		38,138	35,999
Notes and accounts receivable - trade	31,356	30,876
Money held in trust		434	382
Programs and films	9,059	9,336
Merchandise		234	1,127
Supplies	34	16
Income taxes refund receivable		6	2,072
Other	962	2,651
Allowance for doubtful accounts		(3)	(3)
Total current assets	80,224	82,457
Non-current assets
Property, plant and equipment
Buildings and structures, net		10,982	10,438
Machinery, equipment and vehicles, net	10,389	9,317
Other, net		5,507	5,866
Total property, plant and equipment	26,879	25,622
Intangible assets
Goodwill		－	413
Other		1,798	2,187
Total intangible assets	1,798	2,600
Investments and other assets
Investment securities	17,577	17,414
Other		7,616	7,469
Allowance for doubtful accounts	(20)	(20)
Total investments and other assets		25,174	24,863
Total non-current assets	53,852	53,086
Total assets		134,076	135,544
Liabilities
Current liabilities
Notes and accounts payable - trade	4,855	5,185
Short-term borrowings		5,100	5,200
Current portion of long-term borrowings		－	130
Accrued expenses		19,000	20,386
Provision for bonuses	2,392	1,130
Income taxes payable		1,524	365
Other	6,964	5,177
Total current liabilities		39,836	37,577
Non-current liabilities

Long-term borrowings

Provision for retirement benefits for directors (and other officers)

Retirement benefit liability

Other

Total non-current liabilities

Total liabilities

－		742
37	44
1,999		1,882
2,367	2,722
4,403		5,391
44,240	42,968

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			(Million yen)
		As of March 31, 2022	As of December 31, 2022
Net assets
Shareholders' equity
Share capital		10,000	10,000
Capital surplus	18,643	18,215
Retained earnings		57,530	61,249
Treasury shares	(58)	(70)
Total shareholders' equity		86,115	89,394
Accumulated other comprehensive income
Valuation difference on available-for-sale securities		3,530	2,946
Foreign currency translation adjustment	7	73
Remeasurements of defined benefit plans		(37)	(30)
Total accumulated other comprehensive income	3,500	2,990
Non-controlling interests		221	190
Total net assets	89,836	92,575
Total liabilities and net assets		134,076	135,544

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