TV TOKYO : FY2022 Consolidated Earnings Report512KB

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 Fiscal Year Ended March 31, 2023

[Japanese GAAP]

May 11, 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 annual general meeting of shareholders: June 15, 2023

Scheduled date of commencing dividend payments: June 16, 2023

Scheduled date of filing annual securities report: June 16, 2023

Availability of supplementary explanatory materials on annual financial results: Available

Schedule of annual financial results briefing session: Scheduled (for analysts and institutional investors and for the press)

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

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

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent
	Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	March 31, 2023	150,963	2.0	9,229	7.5	9,378	2.4	6,724	11.6
	March 31, 2022	148,070	13.7	8,584	64.2	9,159	71.5	6,024	133.9

(Note) Comprehensive income: Fiscal year ended March 31, 2023: ¥6,175 million [17.6%] Fiscal year ended March 31, 2022: ¥5,251 million [(5.6)%]

	Basic earnings	Diluted		Return on	Ratio of	Ratio of
	earnings		ordinary profit	operating profit
	per share		equity
	per share		to total assets	to net sales
Fiscal year ended	Yen		Yen	%	%	%
March 31, 2023	244.12		-	7.4	6.8	6.1
March 31, 2022	214.88		-	6.9	7.0	5.8

(Reference) Equity in earnings of affiliated companies:	Fiscal year ended March 31, 2023:	¥(204) million
	Fiscal year ended March 31, 2022:	¥106 million

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 fiscal year ended March 31, 2022 is a comparison with the value restated on the assumption that the Standard was applied for the year ended March 31, 2021. Net sales for the fiscal year ended March 31, 2021 would have been ¥130,240 million (reference value) should the Standard be applied for the fiscal year ended March 31, 2021.

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
	Million yen	Million yen	%	Yen
As of March 31, 2023	139,933	93,351	66.6	3,414.10
As of March 31, 2022	134,076	89,836	66.8	3,229.55

(Reference) Equity: As of March 31, 2023: ¥93,159 million As of March 31, 2022: ¥89,615 million

(3) Consolidated Cash Flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents

operating activities

investing activities

financing activities

at end of period

Fiscal year ended

Million yen

Million yen

Million yen

Million yen

March 31, 2023

11,135

(8,334)

(3,139)

37,787

March 31, 2022

13,499

(1,349)

(4,793)

38,078

2. Dividends

Annual dividends

Total

Ratio of

Payout ratio

dividends to

1st

2nd

3rd

Year-

dividends

quarter-

quarter-

quarter-

Total

(consolidated)

net assets

end

(annual)

end

end

end

(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

Fiscal year ended

-

15.00

-

45.00

60.00

1,669

27.9

1.9

March 31, 2022

Fiscal year ended

-

15.00

-

65.00

80.00

2,186

32.8

2.4

March 31, 2023

Fiscal year ending

March 31, 2024

-

15.00

-

65. 00

80.00

30.7

(Forecast)

(Note) Breakdown of the year-end dividend for the fiscal year ending March 31, 2023: Ordinary dividend 55.00 yen

Commemorative dividend of 10.00 yen

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

)

(% 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	157,000	4.0	9,500	2.9	9,500	1.3	7,100	5.6	260.19

• 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 fiscal year under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: - (Company name:)
   Excluded: - (Company name:)
2. Changes in accounting policies, changes in accounting estimates and retrospective restatement
3. 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
4. Total number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the year (including treasury shares):

March 31, 2023:	27,579,500 shares
March 31, 2022:	27,779,500 shares
2) Total number of treasury shares at the end of the year:
March 31, 2023:	292,770 shares
March 31, 2022:	30,937 shares
3) Average number of shares during the year:
Fiscal year ended March 31, 2023:	27,547,182 shares
Fiscal year ended March 31, 2022:	28,036,275 shares

• This financial results report is outside the scope of audit 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.

Consolidated Financial Statements

(1) Consolidated Balance Sheets

			(Million yen)
		As of March 31, 2022	As of March 31, 2023
Assets
Current assets
Cash and deposits		38,138	41,787
Notes and accounts receivable - trade	31,356	29,199
Money held in trust		434	393
Programs and films	9,059	9,919
Merchandise		234	800
Supplies	34	15
Income taxes refund receivable		6	1,824
Other	962	1,767
Allowance for doubtful accounts		(3)	(3)
Total current assets		80,224	85,704
Non-current assets
Property, plant and equipment
Buildings and structures, net		10,982	10,323
Machinery, equipment and vehicles, net	10,389	9,192
Tools, furniture and fixtures, net		958	762
Land	4,291	4,291
Leased assets, net		210	627
Construction in progress	47	75
Total property, plant and equipment		26,879	25,272
Intangible assets
Goodwill		-	400
Other	1,798	3,266
Total intangible assets		1,798	3,666
Investments and other assets
Investment securities		17,577	17,806
Long-term loans receivable	8	23
Deferred tax assets		931	965
Other	6,676	6,515
Allowance for doubtful accounts		(20)	(20)
Total investments and other assets	25,174	25,290
Total non-current assets		53,852	54,229
Total assets		134,076	139,933

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			(Million yen)
		As of March 31, 2022	As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable- trade		4,855	5,910
Short-term borrowings	5,100	5,100
Current portion of long-term borrowings		-	168
Lease liabilities	78	87
Accrued expenses		19,000	22,039
Income taxes payable	1,524	1,020
Provision for bonuses		2,392	2,389
Provision for bonuses for directors (and other	156	184
officers)
Other		6,728	4,940
Total current liabilities		39,836	41,841
Non-current liabilities
Long-term borrowings	-	655
Long-term accounts payable - other		1,606	1,004
Lease liabilities	37	542
Deferred tax liabilities		661	484
Provision for retirement benefits for directors (and	37	50
other officers)
Retirement benefit liability		1,999	1,920
Other	60	80
Total non-current liabilities		4,403	4,740
Total liabilities		44,240	46,582
Net assets
Shareholders' equity
Share capital		10,000	10,000
Capital surplus	18,643	18,215
Retained earnings		57,530	62,593
Treasury shares	(58)	(598)
Total shareholders' equity		86,115	90,209
Accumulated other comprehensive income
Valuation difference on available-for-sale securities		3,530	2,922
Foreign currency translation adjustment	7	55
Remeasurements of defined benefit plans		(37)	(27)
Total accumulated other comprehensive income		3,500	2,950
Non-controlling interests		221	191
Total net assets		89,836	93,351
Total liabilities and net assets		134,076	139,933

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