TV TOKYO : Q3 FY2022 Financial Results Materials 1.56MB

Supplementary Material for Third Quarter Financial Results for the Fiscal Year Ending March 31, 2023 (FY2022)

February 7, 2023

Securities code: 9413

Summary of FY23/3 3Q Financial Results

record-high results>

• Record-highthird-quarter net sales, operating income, ordinary income and profit

⇒TV TOKYO recorded higher net sales and profit, with the streaming and anime businesses driving its performance, while the broadcasting businesses maintained the same level of profit as in the previous year.

⇒Net sales for the anime business increased by 25.2% year on year due to strong performance in the U.S., while net sales

for the streaming business increased by 24.9% with the implementation of the "full content, full streaming" campaign.

Business income of the rights businesses segment, including the anime and streaming businesses, increased by 29.5%. ⇒Accelerated profit structure reform under the "tribrid strategy"* to avoid excessive dependence on the broadcasting

businesses

• Net sales and profit are projected to be higher in the full-year financial results forecasts for FY23/3, with the forecasts of operating income, ordinary income and profit revised upward for new record highs.

• Raised the annual dividends from 60 yen to 80 yen (ordinary dividend of 70 yen and

commemorative dividend of 10 yen)

⇒Payout ratio of 35.5% (forecast)

• Increased the number of treasury shares acquired and extended the purchase period

⇒Total payout ratio of 50.0% (forecast)

• "Tribrid strategy": a strategy to maximize the value of content by generating synergies among the broadcasting businesses, the streaming business and the anime business, with the broadcasting businesses at the core

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Consolidated Overview of Business Segments

Segments

Terrestrial broadcasting business

Broadcast related business

BS Broadcasting business

Communication business

Operating Companies

TV TOKYO Corporation

11 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

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Consolidated Overview of Profit and Loss by Segment

								(Million yen)
	Accounting Period (October to December)	Cumulative period (April to December)
	FY22/3 3Q	FY23/3 3Q	YoY change	FY22/3 3Q	FY23/3 3Q	YoY change
	Amount	%	Amount	%
Net sales
Terrestrial broadcasting	28,567	29,765	1,197	4.2%	81,285	83,234	1,948	2.4%
Broadcast related	9,458	9,853	395	4.2%	27,600	28,610	1,010	3.7%
BS broadcasting	4,349	4,401	52	1.2%	12,938	12,771	△ 167	△ 1.3%
Communication	1,243	1,276	33	2.7%	3,444	3,697	253	7.4%
Total consolidated net sales	39,019	39,444	425	1.1%	109,883	110,764	881	0.8%
Expenses
Terrestrial broadcasting	26,054	27,015	961	3.7%	76,035	76,976	940	1.2%
Broadcast related	8,615	9,178	563	6.5%	24,863	26,306	1,443	5.8%
BS broadcasting	3,729	3,722	△ 6	△ 0.2%	10,670	11,058	388	3.6%
Communication	1,137	1,173	35	3.1%	3,167	3,388	221	7.0%
Total consolidated operating expenses	35,875	36,043	168	0.5%	102,230	102,626	396	0.4%
Operating income
Terrestrial broadcasting	2,513	2,750	236	9.4%	5,250	6,257	1,007	19.2%
Broadcast related	843	675	△ 167	△ 19.9%	2,737	2,304	△ 432	△ 15.8%
BS broadcasting	620	679	58	9.5%	2,268	1,712	△ 556	△ 24.5%
Communication	105	103	△ 1	△ 1.5%	276	309	32	11.7%
Total consolidated operating income	3,144	3,401	256	8.2%	7,652	8,138	485	6.3%
Consolidated ordinary income	3,322	3,458	136	4.1%	8,117	8,397	280	3.5%
Profit (loss) attributable to owners of parent	2,268	2,088	△ 179	△ 7.9%	5,306	5,380	74	1.4%

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Consolidated Overview of Balance Sheets

Consolidated Overview of Balance Sheets

		FY22/3	FY23/3
		year-end	3Q-end
	Current assets	80,224	82,457
	Non-current assets	53,852	53,086
	Property, plant	26,879	25,622
	and equipment
Assets
Investments	1,798	2,600
	Intangible assets
	and other assets	25,174	24,863

Total assets

134,076 135,544

Changes

2,232

△765 △1,257

802

△310

1,467

Liabilities	Current liabilities
Non-current liabilities
	Total liabilities
	Shareholders' equity
assets	Valuation and
translation adjustments
Net	Non-controlling interests
Total net assets
	Total liabilities and net asse

		(Million yen)
FY22/3	FY23/3	Changes
year-end	3Q-end
39,836	37,577	△2,259
4,403	5,391	988
44,240	42,968	△1,271
86,115	89,394	3,278
3,500	2,990	△509
221	190	△30
89,836	92,575	2,738
134,076	135,544	1,467

Non-consolidated/TV TOKYO Financial Position (Million yen)

	FY22/3	FY23/3	Changes
	year-end3Q-end
Total assets	79,928	78,185	△ 1,742
Total liabilities	30,318	27,547	△ 2,771
Total net assets	49,609	50,638	1,029

Note: Net assets per share =3,354.19yen

Non-consolidated/BS TV TOKYO Financial Position

(Million yen)

	FY22/3	FY23/3	Changes
	year-end3Q-end
Total assets	20,308	19,694	△ 613
Total liabilities	4,040	2,917	△ 1,123
Total net assets	16,267	16,776	509

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