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Q1 FY26 Consolidated Financial Results ( Three months ended June 30 , 2026 ) August 6 , 2026 TBS HOLDINGS , INC .
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Q1 Summary 2 FY26 Q1 Results FY26 Full-year Forecasts *Revised • On a consolidated basis, net sales increased while operating profit decreased. Consolidated net sales reached a record high for Q1. • In the Media and Content business, net sales increased while operating profit decreased. At TBS TV, net sales decreased slightly due to decline in spot ad sales, caused by a soft advertising market associated with the situation in the Middle East, despite the increased revenue from events/exhibitions and the secondary use of anime. However, net sales for the segment as a whole increased, driven by the delivery of major projects at THE SEVEN and the consolidation of WACUL. In terms of profit, the segment recorded a decrease due to the substantial impact of the decline in spot ad sales. • In the Lifestyle business, net sales increased while operating profit decreased. • In the Real Estate and Others business, both net sales and operating profit increased. • Due to the growing uncertainty in the global economic outlook, including heightened tensions in the Middle East, spot ad sale s at TBS TV are expected to remain below our previously announced forecast. Consequently, we have revised our full -year consolidated forecasts for net sales , operating profit, and ordinary profit downward. • The forecast for profit attributable to owners of parent remains unchanged, as it factors in the net impact of extraordinary gains and losses. There is also no change to the dividend forecast. Progress in Disciplined Capital Control (Acquisition and Cancellation of Treasury Shares) • May 14, 2026: Announced the acquisition of treasury shares, up to a maximum of 6,500,000 shares and a maximum total purchase price of 36.0 billion yen (Acquisition period: May 15, 2026 to February 26, 2027). • May 29, 2026: Cancelled 4,500,000 treasury shares. • June 17, 2026: Acquired 2,739,600 shares through the off -auction treasury share repurchase trading system (ToSTNeT- 3) of TSE. • As of July 31, 2026: Acquired 690,400 shares through market purchases on TSE under a discretionary trading agreement between July 1 and July 31. (Total number of shares acquired: 3,430,000 shares; Total acquisition cost: 21,182,627,000 yen) The StylingLife Group recorded an increase in net sales, driven by the consolidation of results from BECAUSE and sales growth in new business areas such as Cath Kidston. However, profit decreased due to struggles in its core businesses. The YARUKI Switch Group posted an increase in net sales due to higher tuition fee revenues, but operating profit decreased as a result of factors such as higher personnel expenses.
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Contents Other Topics FY26 Q1 Results References Shareholder Returns FY26 Full - year Forecasts ◇ For inquiries Corporate Secretary Dept. IR Office. TBS HOLDINGS, INC. 5-3-6 Akasaka, Minato-ward, Tokyo 107-8006 Japan Tel. 03-3746-1111 (switchboard) HP: https://www.tbsholdings.co.jp/ir/ Disclaimer Forward-looking statements on future results and all other content in this document are based on the Company’s judgment at the time of publication. This document does not assure or guarantee that the stated numerical plans and measures will be achieved. Risks and uncertainties are inherent in this document. Please note that future results may differ materially from statements herein, depending on changes in factors, including economic circumstances, market trends and business conditions. This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Furthermore, unauthorized reproduction of this document is prohibited. 3
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Other Topics FY26 Q1 Results References Shareholder Returns FY26 Full - year Forecasts 4
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FY26 Q1 Consolidated Statement of Income Consolidated FY25 Q1 FY26 Q1 Y/Y Y/Y(%) Net Sales 100,633 105,419 +4,786 +4.8% Operating Profit 8,113 4,622 -3,491 -43.0% Ordinary Profit 15,819 12,810 -3,009 -19.0% Profit Attributable to Owners of Parent 17,704 14,490 -3,214 -18.2% 5 Unit: millions of yen 7,227 6,873 6,178 8,113 4,622 2,879 1,869 6,622 7,278 10,087 8,298 9,334 9,241 588 -1,866 -2,669 116 20,782 15,175 19,465 24,750 4,622 2022 2023 2024 2025 2026 Operating Profit Q1 Q2 Q3 Q4 TOTAL 88,964 94,777 98,604 100,633 105,419 89,898 96,036 99,187 110,025 97,283 104,652 105,142 108,625 91,983 98,844 103,766 105,566 368,130 394,309 406,700 424,850 105,419 2022 2023 2024 2025 2026 Net Sales Q1 Q2 Q3 Q4
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6 Consolidated Results by Segment External Net Sales Operating Profit FY25 Q1 FY26 Q1 Y/Y Y/Y(%) FY25 Q1 FY26 Q1 Y/Y Y/Y(%) FY25 Q1* Media and Content 74,102 78,213 +4,110 +5.5% 5,987 2,557 -3,430 -57.3％ 5,119 Lifestyle 22,332 22,868 +536 +2.4% 131 -757 -888 - 131 Real Estate and Others 4,198 4,337 +139 +3.3% 1,995 2,823 +828 +41.5％ 2,863 Adjustments - - - - -0 -0 -0 - -0 Consolidated 100,633 105,419 +4,786 +4.8% 8,113 4,622 -3,491 -43.0% 8,113 Major Factors Affecting Changes External Net Sales Operating Profit Media and Content THE SEVEN+3,841 WACUL+647 TBS GLOWDIA+392 TC Entertainment+256 TBS TV-3,931 Lifestyle StylingLife Group+300 YARUKI Switch Group+236 StylingLife Group-737 YARUKI Switch Group-151 Real Estate and Others TBS HD+1,015 Akasaka Heat Supply-97 *FY25 results by segment are estimated assuming the transfer of the TBS Broadcasting Center. Unit: millions of yen Unit: millions of yen
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TBS TV: Statement of Income TBS TV FY25 Q1 FY26 Q1 Y/Y Y/Y(%) Unit: millions of yen Net Sales 58,751 58,396 -354 -0.6% Operating Profit 7,131 3,200 -3,931 -55.1% Ordinary Profit 8,306 4,680 -3,626 -43.7% Profit 8,893 7,242 -1,650 -18.6% Operating Expenses, etc. • TV program costs: • Agency commissions: • Network expense: • Other costs of sales for the Television and Streaming divisions (including accounting adjustments) • Operating expense in Business division: • An increase in costs from the transfer of the Broadcasting Center • Extraordinary income: (Gain on sale of investment securities) 7 5,730 for Q1 +302 -653(6,443 for Q1) -125 +1,662 +1,187 +413 54,864 58,193 55,255 58,751 58,396 54,481 51,443 55,072 63,842 59,455 58,837 61,327 63,580 55,287 53,929 59,337 60,085 224,089 222,404 230,992 246,259 58,396 2022 2023 2024 2025 2026 Net Sales Q1 Q2 Q3 Q4 5,599 4,431 4,460 7,131 3,200 424 -1,838 1,954 2,939 7,378 5,681 5,440 6,513 693 -2,164 -2,859 236 14,096 6,109 8,996 16,820 3,200 2022 2023 2024 2025 2026 Operating Profit Q1 Q2 Q3 Q4 TOTAL Net sales decreased slightly due to declines in spot ad sales and streaming ad, caused by a soft advertising market associated with the situation in the Middle East, despite increased revenues from paid subscription streaming, events/exhibitions and the secondary usage of anime. Operating profit decreased as cost control efforts and a reduction in variable expenses tied to advertising revenue were outweighed by higher expenses accompanying revenue growth in paid streaming and the Business division, as well as costs related to the transfer of the Broadcasting Center.
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TBS TV: Breakdown of Net Sales FY25 Q1 FY26 Q1 Y/Y Y/Y(%) Comment Television 54,794 51,957 -2,837 -5.2％ Although the decline of time ad slot sales remained within expectations on the back of strong paid subscription streaming, sales decreased overall due to weak sales of spot ads and streaming ads. Time 20,313 19,707 -605 -3.0% Despite strong ratings, sales decreased due to factors including changes in sponsors for regular sales. Spot 22,350 19,687 -2,662 -11.9% Despite strong ratings, sales decreased due to factors including a soft advertising market stemming from the situation in the Middle East. Streaming Ad 3,073 2,727 -346 -11.3% Despite the achievement of the "triple crown" on TVer contributed to an increase in advertising inventory, sales decreased due to factors including a soft advertising market stemming from the situation in the Middle East. Paid Subscription Streaming 2,900 3,744 +844 +29.1% Sales increased mainly due to revenue from Netflix series, Sins of Kujo (produced and copyrighted by TBS TV). Others 6,157 6,089 -67 -1.1% - Business 3,365 6,188 +2,822 +83.9% Sales Increased due to the huge success of the Mundo Pixar Experience, in addition to an increase in secondary usage revenues such as overseas sales of anime. Real Estate 590 251 -339 -57.5% Sales decreased due to the transfer of the Broadcasting Center from TBS TV to TBS HD. Total 58,751 58,396 -354 -0.6% Despite a sales increase in the Business division, overall sales decreased slightly due to factors including a decline in spot ad sales in the Television division. 8 Unit: millions of yen
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23,218 24,255 22,908 22,398 22,700 23,715 25,109 24,530 25,777 24,357 24,855 25,286 25,714 23,945 23,171 24,552 26,436 95,236 97,392 97,277 100,326 95,500 2022 2023 2024 2025 2026 Q1 Q2 Q3 Q4 TV Program Costs (Production Expenses) FY25 FY26 Y/Y Unit: millions of yen Q1 22,398 22,700 +302 Q2 25,777 - - 1H Total 48,175 - - Q3 25,714 - - Q4 26,436 - - 2H Total 52,151 - - Fiscal Year Cumulative 100,326 95,500 -4,826 9 95,500 * Fiscal year cumulative figures within the blue box represent estimates.
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TBS TV : Net Sales and Gross Profit of Business Division 10 Division Net Sales Gross Profit Major Factors Affecting ChangesFY25 Q1 FY26 Q1 Y/Y FY25 Q1 FY26 Q1 Y/Y Animation 813 1,379 +566 -303 860 +1,163 Net sales increased due to the strong overseas streaming performance of titles such as RAMPARTS OF ICE. Profit increased, impacted by factors including the optimization of cost allocation for terrestrial broadcast anime production expenses. Movie 551 534 -16 -25 59 +84 Despite strong streaming sales of the movie TOKYO MER series, net sales decreased due to a reactionary drop following the hit of #I willtellyouthetruth in the previous year. However, the profit increased. Live Entertainment 1,336 3,320 +1,983 -8 266 +275 Both net sales and profit increased due to a y/y growth in strong- performing events, including the blockbuster Mundo Pixar Experience. In addition, strengthened initiatives proved successful, such as the appearance of returning cast members in the stage performance of Harry Potter and the Cursed Child. Content Business 157 173 +16 130 116 -13 Although DVD sales continued to struggle, the shopping business offset this decline, resulting in an increase in net sales. However, profit decreased due to higher expenses, including costs associated with exhibiting at overseas trade shows. Global Business 506 670 +163 254 300 +46 Both net sales and profit increased due to format sales of NINJA WARRIOR exceeding the previous year's results, as well as the successful conclusion of large-scale deals in overseas streaming sales of dramas. Music Entertainment* - 109 +109 - 99 +99 In addition to revenues related to “STARGLOW,” born from the audition project “THE LAST PIECE,” music video clips were sold. Other Expenses -404 -425 -20 Division Total 3,365 6,188 +2,822 -356 1,278 +1,635 For the division overall, both sales and profit increased. Unit: millions of yen *The "Music Entertainment" was newly established in FY2026. Mainly music festivals, including "CDTV Live! Live! Spring Thanksgiving Festival 2026," transferred from "Live Entertainment," while music-related IP businesses, such as "STARGLOW," transferred from "Global Business."
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Net Sales Operating Profit Major Factors Affecting Changes FY25 Q1 FY26 Q1 Y/Y FY25 Q1 FY26 Q1 Y/Y TBS RADIO 1,847 1,842 -4 -43 -75 -32 Despite robust event and digital audio revenues, net sales and operating profit decreased, due to factors including a decline in broadcasting revenue. BS-TBS 4,284 4,178 -105 868 814 -54 Despite growth in shopping business revenues, overall net sales and operating profit decreased due to a decline in time ad and spot ad sales. TBS GLOWDIA 7,027 7,334 +306 -49 342 +392 Both net sales and operating profit increased, mainly due to factors including strong event revenues such as the Special Exhibition: Super Dangerous Creatures, in addition to an increase in shopping business. NICHION 2,199 2,131 -68 180 206 +26 Despite a rise in domestic music sales, overall net sales decreased and profit increased due to factors including a decline in agency business revenues. Highlights of Main Group Companies in Media and Content Segment 11 Unit: millions of yen
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By Business Net Sales*1 Unit: millions of yen FY25 Q1 FY26 Q1 Y/Y PLAZA 12,046 11,768 -277 BCL / CP Cosmetics 4,361 3,985 -376 Head Office and Others *2 140 1,096 +956 Total 16,548 16,851 +302 12 StylingLife Group Consolidated FY25 Q1 FY26 Q1 Y/Y Unit: millions of yen Net Sales 16,548 16,851 +302 Operating Profit 1,186 449 -737 PLAZA recorded a decrease in both sales and profit, as lower sales of cooling products and cosmetics, among other factors, offset the strong performance of character merchandi se. BCL saw a decrease in both sales and profit due to factors including declined sales of core products such as " Saborino" and "KANSOSAN." At the consolidation level, while net sales increased driven by the consolidation of BECAUSE and the growth of new business areas such as Cath Kidston, operating profit decreased due to the sluggish performance of the core businesses. *1 Net sales by business segment are based on managerial accounting. *2 Includes the sales from new business areas such as BECAUSE and Cath Kidston etc. 16,099 16,751 18,940 16,548 16,851 16,411 18,272 16,868 17,888 17,772 19,044 17,116 18,182 16,131 18,168 16,148 17,045 66,415 72,237 69,073 69,665 16,851 2022 2023 2024 2025 2026 Net Sales Q1 Q2 Q3 Q4 1,174 851 1,303 1,186 449 1,164 1,746 1,858 1,4801,450 1,405 1,255 1,172 -58 135 -157 499 3,730 4,139 4,260 4,339 449 2022 2023 2024 2025 2026 Operating Profit Q1 Q2 Q3 Q4 TOTAL
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YARUKI Switch Group Consolidated FY25 Q1(Mar.-May.) FY26 Q1(Mar.-May.) Y/Y Revenue 5,778 6,021 +243 Operating Profit 139 -176 -314 By Business Revenue *1 FY25 Q1(Mar.-May.) FY26 Q1(Mar.-May.) Y/Y Individual Education Cram School Business 2,292 2,287 -5 Early Childhood Education and Other Businesses 3,486 3,734 +248 Total 5,778 6,021 +243 YARUKI Switch Group adopts International Financial Reporting Standards ("IFRS"), and the figures for the 3-month period from March 2026 to May 2026 are included on a consolidated basis after reclassification of IFRS to Japanese GAAP. Revenue increased due to higher tuition income associated with a higher ratio of directly operated schools among premium brands, such as biling ual preschools, despite a decrease in the overall number of students. Operating profit decreased, primarily as a result of an increase in depreciation of right -of-use assets associated with the higher ratio of directly operated schools, as well as an increase in personnel expenses following the conversion of unprofitable franchised schools to direct management. Unit: millions of yen Unit: millions of yen *2 The expenses (IFRS) incurred by YARUKI Switch Group in connection with its entry into the TBS Group have been reclassified to Japanese GAAP on a consolidated basis, and a portion of these expenses have been recorded as an extraordinary loss. *1 Revenue by business segment are based on managerial accounting. 178 83 93 -100 139 -176 882 203 1,049 956 1,007 525 556 556 448 286 964 979 979 1,381 872 2,550 1,821 2,677 2,686 2,303 -176 2022 2023 2023 2024 2025 2026 Operating Profit Q1 Q2 Q3 Q4 TOTAL Operating profit excluding transaction-related expenses (*2) 4,892 5,040 5,269 5,778 6,021 5,765 6,087 6,287 6,885 5,041 5,267 5,518 6,093 5,950 6,297 7,414 7,295 21,649 22,691 24,488 26,050 6,021 2022 2023 2024 2025 2026 Revenue Q1 Q2 Q3 Q4 13
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Other Topics FY26 Q1 Results References Shareholder Returns FY26 Full -year Forecasts 14
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FY26 Full-year Forecasts (Consolidated) *Revised Consolidated FY25 ACT FY26 Previous FCT (as of May 14) FY26 Revised FCT Change from the Previous FCT Net Sales 424,850 440,000 435,000 -5,000 Operating Profit 24,750 26,000 23,000 -3,000 Ordinary Profit 37,373 39,000 38,000 -1,000 Profit Attributable to Owners of Parent 52,228 48,500 48,500 - By Segment Net Sales Operating Profit FY25 ACT FY26 Previous FCT (as of May 14) FY26 Revised FCT Change from the Previous FCT FY25 ACT FY26 Previous FCT (as of May 14) FY26 Revised FCT Change from the Previous FCT FY25 ACT* Media and Content 312,237 318,000 313,000 -5,000 14,612 12,000 9,000 -3,000 11,567 Lifestyle 95,724 105,000 105,000 - 2,866 3,900 3,900 - 2,866 Real Estate and Others 16,888 17,000 17,000 - 7,271 10,100 10,100 - 10,316 Adjustments - - - - -0 - - - -0 Consolidated 424,850 440,000 435,000 -5,000 24,750 26,000 23,000 -3,000 24,750 * FY25 results by segment are estimated assuming the transfer of the TBS Broadcasting Center. Due to the growing uncertainty in the global economic outlook, including heightened tensions in the Middle East, spot ad sales at TBS TV are expected to remain below our previously announced forecast. Consequently, we have revised our full-year consolidated forecasts for net sales, operating profit, and ordinary profit downward. Meanwhile, the forecast for profit attributable to owners of parent remains unchanged, as it factors in the net impact of extraordinary gains and losses. There is also no change to the dividend forecast. Unit : millions of yen Unit : millions of yen 15
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FY26 Full-year Forecasts (TBS TV) *Revised Consolidated FY25 ACT FY26 Previous FCT (as of May 14) FY26 Revised FCT Change from the Previous FCT Net Sales 246,259 253,700 248,700 -5,000 Operating Profit 16,820 15,000 12,000 -3,000 Ordinary Profit 18,912 17,000 14,000 -3,000 Profit 39,966 15,300 13,300 -2,000 FY25 ACT FY26 Previous FCT (as of May 14) FY26 Revised FCT Change from the Previous FCT Time 88,650 85,800 85,800 - Spot 87,413 87,700 82,700 -5,000 TV Program Costs 100,326 95,800 95,500 -300 Due to the growing uncertainty in the global economic outlook, including heightened tensions in the Middle East, advertisers maintained a cautious spending stance. As spot ad sales are expected to remain below the previously announced forecast, we have revised our full-year earnings forecast downward. Despite certain cost reduction efforts, forecasts for operating profit and lower-line items were also revised downward. Unit : millions of yen Unit : millions of yen 16
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Other Topics FY26 Q1 Results References FY26 Full - year Forecasts Shareholder Returns 17
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2021 2022 2023 2024 2025 2026 JPY 68 JPY 84 JPY 100 Shareholder Return Policy and Annual Dividend Forecast Dividend payout ratio: Target 30% FCT JPY 37 JPY 42 JPY 44 No changes to the dividend forecast announced on May 14, 2026. For FY26, we forecast an annual dividend of 100 yen per share, consisting of an interim dividend of 50 yen and a year-end dividend of 50 yen. Dividend Per Share (yen) Dividend Payout ratio (%) Dividend payout ratio excluding the effect of special factors *1 (%)End of 1H Year-end Annual FY21 15 22 37 19.7 30.9 FY22 20 22 42 20.1 30.3 FY23 22 22 44 18.9 34.4 FY24 27 41 68 24.9 38.9 FY25 35 49 84 25.3 43.1 FY26 (FCT) 50 50 100 31.6 *2 40% Target *1 Extraordinary gains and losses from sale of investment securities that were sold as a source for funding for growth areas are positioned as "special factors" when determining the dividend amount. *2 The forecast has been revised from the figures announced on May 14 due to the cancellation of treasury shares. Basic Policy : Aim for a payout ratio of 40% on a consolidated basis, ensuring stable and continuous dividend, while flexibly acquiring treasury shares with an awareness of the total payout ratio. Medium-Term Management Plan 2023 Medium-Term Business Plan 2026 Dividend payout ratio: Target 40% 18
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Status of Acquisition of Treasury Shares (As of July 31, 2026) Class of shares acquired Common shares Total number of shares acquired 3,430,000 shares Total amount of acquisition 21,182,627,000 yen Method of acquisition - Market purchases on the TSE under a discretionary trading agreement - Market purchases through off- auction treasury share repurchase trading system (ToSTNeT-3) of the TSE Acquisition of Treasury Shares FY21 FY22 FY23 FY24 5.9 bn yen *1 *1 Shares funded by the Company and owned by the Employee Stock Ownership Plan (ESOP) trust FY25 Details of the Resolution Concerning the Acquisition of Treasury Shares (Announced on May 14, 2026) Class of shares to be acquired Common shares Total number of shares to be acquired Up to 6,500,000 shares Total amount of acquisition Up to 36 billion yen Method of acquisition (1) Market purchases on the Tokyo Stock Exchange through an appointed securities dealer with transaction discretion (2) Purchases through Off-Auction Treasury Shares Repurchase Trading System (ToSTNeT- 3) Acquisition period From May 15, 2026 to February 26, 2027 2022 Mar.3 – Oct. 20 2023 Feb. 24-Apr. 17 Nov. 13, 2023 - Feb. 29, 2024 2024 Nov. 11 2025 May. 15 - Aug. 27 6.4 bn yen 10.9 bn yen 8.8 bn yen 24.9 bn yen FY26 [Cancellation of treasury shares] Total number of shares cancelled on May. 29, 2026: 4,500,000 shares Up to 36.0 bn yen 6,500,000 shares May. 15, 2026 - Feb. 26, 2027 (plan) Note that part or all of the acquisition may not be carried out depending on investment opportunities, market conditions, and other factors. [Cancellation of treasury shares] Total number of shares cancelled on Feb. 28, 2022: 3,118,772 shares [Cancellation of treasury shares] Total number of shares cancelled on Nov. 30, 2023: 3,000,000 shares [Cancellation of treasury shares] Total number of shares cancelled on Nov. 29, 2024: 3,000,000 shares 19
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Other Topics FY26 Q1 Results References FY26 Full - year Forecasts Shareholder Returns 20
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LTV4-59* Strategy and Timeless Value T B S 1.8 [+0.1] 3.7 [+0.1] 3.5 [+0.1] 1.3 [0.0] P U T 9.9[0.0] 18.3 [-0.2] 17.3 [-0.2] 7.8 [0.0] All day Golden time Prime time Non-prime time * Figures in [] denote the difference from the same period in the previous year. * LTV4-59: Individual viewership rating for males and females aged 4-59. Unit:% July 2026 Drama SeriesStreaming Tuesday DramaTotal Views: approx. 259 million (+8.2%) Unique Browsers: approx. 21.7 million（+0.3%） Total Watch Time: approx. 113.8 million hrs（+0.3%） Triple Crown Achieved in Q1 In Q1, April Dramas and variety shows, as well as past dramas, including Boys Over Flowers and VIVANT (Season 1), boosted views. Reference: All-time ranking for TBS dramas by *first-episode views * First-episode views: Total views during the first 8 days (initial release date plus 7 days). 1. VIVANT Season 2 (July 2026 / SUN) 8.75 million views 2. REBOOT (January 2026 / SUN) 4.78 million views 3. VIVANT Season 1(July 2023 / SUN) 3.99 million views 4. Then You Try Making It! (October 2025 / TUE) 3.96 million views 5. Mr. Mikami’s Classroom (January 2025 / SUN) 3.65 million views 6. Until the T-shirt Dries (July 2026 / FRI) 3.47 million views 7. Extremely Inappropriate!（January 2024 / FRI） 3.40 million views • “FIVB Volleyball Nations League 2026” Exclusive live stream of all men’s and women’s Japan matches with Japanese commentary. • Exclusive unlimited streaming of VIVANT (Season 2) Official spin-off, Drum―VIVANT THE ORIGIN STORY―, was also well-received. TUE→Tuesday Drama FRI→Friday Drama SUN→Sunday Theater Friday Drama Sunday Theater Until the T-shirt Dries VIVANT (Season 2) Your Love So Invincible * Figures in () denote the difference from the same period in the previous year. Number of paid subscribers 5.22 Million Source: U-NEXT HOLDINGS Co., Ltd. Q3 FY2026 financial results briefing materials Until the T-shirt Dries achieved highest first-episode views for Friday Drama. The number of views has continued to grow from episode 2 onward. VIVANT (Season 2) episode 1 8.75 million views All-time No. 1 position on TVer among all dramas setting a new record for both premiere and individual episode views. (Ratings for March 30, 2026 to June 28, 2026 on a weekly basis) Viewer Ratings LTV4-59 Source: Video Research Ltd. (Kanto region) 21
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Global Business Streamed globally on HBO Max. Entered the top 10 in 47 countries. Netflix series Did Someone Happen to Mention Me? Global streaming in Oct 2026 Collaboration by screenwriter Kankuro Kudo and producer Aki Isoyama who have created numerous hit titles including TBS's Extremely Inappropriate! and Netflix's Let's Get Divorced Ⓒ橋本エイジ・梅村真也/コアミックス ⒸTHE SEVEN Netflix series Quiztopia Global streaming in 2026Expecting net sales of more than 6.3 billion yen for FY26. Expecting net sales of more than 8.1 billion yen for FY27, including three productions for overseas OTT. FY26 FCT FY27 FCT Net Sales 6,300 8,100 The first content planned and produced by THE SEVEN. The legendary cult comic is being fully adapted into a series. Specific projects are being explored for content development. Collaboration with overseas partners TBS×U-NEXT×THE SEVEN Global Project Song of the Samurai (Chiruran: Shinsengumi Requiem) Netflix series Sins of Kujo (produced and copyrighted by TBS TV) Global streaming in Apr 2026 Ranked second among Japanese live-action contents viewed on Netflix in the first half of 2026. Film adaptation confirmed. (To be released in Jan 2027) THE SEVEN Brand building ・Collaborating with overseas partners ・Developing a new business model PHASE 1 PHASE 2 PHASE 3 Securing global hits while retaining ownership of IP Unit : millions of yen Global streaming started in May 2026 22
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EduTainment • Targeting net sales of 40 billion yen* by FY30 in the “EduTainment” business, which integrates intellectual education and entertainment. • NTT and TBS to establish joint venture company 'e6 LLC' on August 8 e6 project Purpose - To develop and roll out interactive AI content using IPs. - To create games, smartphone apps, card games, and other contents. - To develop original IPs, such as Emotional Knight. - To create a community of fans and creators. e6 LLC Location Hulic JP Akasaka Building 6F, 2-5-8 Akasaka, Minato-ku, Tokyo 107- 0052, Japan Establishment Date (Planned) August 8, 2026 Co-Representatives (Planned) Kuniharu Suzuki, Yuzo Kuga Capital Contribution Ratio NTT Corporation: 50%, TBS Holdings, Inc.: 50% AI for School - TBS’s original education- focused generative AI learning support tool that connects news from TBS and JNN NEWS DIG with learning. - From May 13 to 15, TBS exhibited at EDIX Tokyo, Japan’s largest educational trade show, where a demo unit was well- received, particularly by teachers. EDIX Tokyo 2026, at which TBS exhibited for the first time *Including YARUKI Switch Group and others. Promoting a next-generation edutainment business to foster “independent decision-making.” Emotional Knight is set in a magical world inhabited by characters based on the 118 elements. Experience→Community Create passion and ongoing contact points Awareness expansion Reach a greater number of people Ongoing engagement Built fan loyalty, Encourage active participation Deepening passion Immersion in the world and heightened emotions Monetization Accelerate business growth through various monetization measures 23
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Animation Business Terrestrial anime regular slot Participation in Anime Expo Trends in the number of productions* led by TBS TV Participated for the second time in Anime Expo (July 2 –5), one of the largest anime festivals in North America held in Los Angeles, USA. Aimed at gaining firsthand insights through direct engagement with overseas fans and strengthening information for future project selection. - Held panel discussions on topics including Takopi’s Original Sin, which is set to be adapted into a film, as well as panel displays and private screenings of works that are highly rated abroad, such as THE RAMPARTS OF ICE and Smoking Behind the Supermarket with You. - The April-season anime series THE RAMPARTS OF ICE consistently ranked in the Netflix Daily Top 10 upon the release of each new episode, standing alongside original live-action drama series. Blue Box Season 2 (-October- SUN 4:30PM) ©Kouji Miura/SHUEISHA, Blue Box Film Partners The Iceblade Sorcerer Shall Rule the World Ⅱ (-October- THU 1:28AM） ©Nana Mikoshiba,KODANSHA/”The Iceblade Sorcerer Shall Rule the World Ⅱ” Production Committee. THE RAMPARTS OF ICE (-October- THU 11:56PM) ©KOCHA AGASAWA/SHUEISHA,THE RAMPARTS OF ICE PROJECT 共幹 共幹 共幹 幹 幹 indicates TBS TV is the lead production company. indicates TBS TV co-lead production. Let's go KAIKIGUMI (- July - SUN 4:30PM) ©View,BURG_HAMBURG_ BURG,ShogakukanCreative/ KANTOKAIKIGUMI Smoking Behind the Supermarket with You (- July - THU 11:56PM) ©Jinushi/SQUARE ENIX, Smoking Behind the Supermarket with You Production Committee ©Spica Aoki/ KADOKAWA/ Project KAIJU GIRL CARAMELISE KAIJU GIRL CARAMELISE (- July - THU 1:28AM) *Including co-led productions Thursday, 1:28 AM Sunday, 4:30 PM Thursday, 11:56 PM Thursday, 1:58 AM * indicate TBS Television lead / co-led productions. Jan. 2026 Apr. 2026 Jul. 2026 Oct. 2026 共幹 幹 24
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Movies, Performances - Topics - Attendance surpasses 1.5 million in its last year The stage performance of Harry Potter and the Cursed Child has surpassed 1.5 million in total attendance. To commemorate 2026 as its final year, past cast members will make their return to the stage. Attendance surpasses 620,000 The Japan debut of the Mundo Pixar Experience —which has drawn over 3.5 million global visitors across seven countries— is a massive hit. Attendance has topped 620,000 since March. Open for a limited time until October 12. Film adaptation of a globally streamed drama An all-new feature film adaptation has been confirmed for the Netflix series Sins of Kujo (produced and copyrighted by TBS), which became a global hit immediately after its release this April. Sins of Kujo To be released on January 8, 2027 Harry Potter and the Cursed Child The Stage Mundo Pixar Experience 25
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Periods Title Note Movies To be released on October 23, 2026 In The Clear Moonlit Dusk Distributed by:TOHO To be released on January 8, 2027 Sins of Kujo Distributed by:TOHO Performances From July 8, 2022 to December 27, 2026 Harry Potter and the Cursed Child The Stage TBS AKASAKA ACT Theater From August 8 to 11, 2026 SHOMA UNO Ice Brave – A TURNING SEASON – Tokyo Tatsumi Ice Arena From August 14 to 16, 2026 CRAZY JOURNEY LIVE 2026 SUMMER TBS AKASAKA BLITZ STUDIO From August 19 to 30, 2026 CHICAGO the Musical 30th Anniversary Japan Tour TOKYU THEATRE Orb August 22, 2026 LOVE IT! ROCK 2026 Yoyogi National Stadium 1st Gymnasium August 23, 2026 “VIVANT” PREMIUM SUMMER PARTY Yoyogi National Stadium 1st Gymnasium From September 11 to 13, 2026 CDTV LIVE! LIVE! AutumnTHANKS FES 2026 Tokyo Garden Theater From September 11 to 17, 2026 From September 25 to 27, 2026 Yuta Furukawa The Greatest Concert vol.3 - Man of the stage - Tokyo International Forum Hall C etc. From September 20 to 27, 2026 TETSUYA KUMAKAWA K-BALLET TOKYO Autumn 2026 Cleopatra Bunkamura Orchard Hall From September 30 to October 18, 2026 From October 22 to 25, 2026 Nice Ball! Tokyo Tatemono Pia Theater etc. From October 1 to 7, 2026 TETSUYA KUMAKAWA K-BALLET TOKYO Autumn Tour 2026 Swan Lake Shinjuku Bunka Center Main Hall From October 6 to 22, 2026 From October 29 to November 1, 2026 THE ALUCARD SHOW Nippon Seinenkan Hall etc. Events From March 20 to October 12, 2026 Mundo Pixar Experience ＣＲＥＶＩＡ ＢＡＳＥ Tokyo From May 29 to August 12, 2026 GRAND VAN GOGH EXHIBITION ‘The Café Terrace at Night’ The Ueno Royal Museum From June 10 to September 21, 2026 Picasso,through the Eyes of Paul Smith The National Art Center Tokyo From July 18 to August 16, 2026 GIGAMART EXHIBITION Azabudai Hills Gallery Movies, Performances and Events - Upcoming Lineups - As of August 6, 2026 26
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Akasaka Entertainment City Redevelopment area construction schedule 2022 2023 2024 2026 2027 2028 Around summer 2022 Dismantling of existing buildings starts Nov. 2023 Construction of new buildings (underground dismantlement) April .2026 Commencement of above-ground construction 2028 The new buildings scheduled to be completed Mar. 2024 Groundbreaking ceremony/comme ncement of construction 2025 Canopy by Hilton Tokyo Akasaka (West Building) ※画像はイメージです。実際とは異なる可能性があります 。 West Building Note: Images are for illustrative purposes only and may differ from the actual final product.。 Akasaka Entertainment City Area Map Conceptual drawing of the redevelopment area (West Building, East Building) 27
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References FY26 Q1 Results Other Topics FY26 Full - year Forecasts Shareholder Returns 28
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Consolidated FY26 Q1 Y/Y Unit: millions of yen CAPEX 8,041 +4,377 Depreciation and Amortization 3,585 +69 TBS TV FY26 Q1 Y/Y Unit: millions of yen CAPEX 1,027 -361 Depreciation and Amortization 1,150 -639 Capital Expenditures (CAPEX) and Depreciation and Amortization 26,920 14,960 23,272 18,930 8,041 2022 2023 2024 2025 2026-Q1 Consolidated CAPEX 13,407 14,277 14,832 15,053 3,585 2022 2023 2024 2025 2026-Q1 Consolidated Depreciation and Amortization 8,325 7,862 7,768 7,597 1,150 2022 2023 2024 2025 2026-Q1 TBS TV Depreciation and Amortization 9,206 6,980 5,731 8,015 1,027 2022 2023 2024 2025 2026-Q1 TBS TV CAPEX 29
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Consolidated Balance Sheets As of Mar 31, 2026 As of Jun 30, 2026 Change As of Mar 31, 2026 As of Jun 30, 2026 Change Unit: millions of yen Current Assets 270,188 225,526 -44,661 Current Liabilities 111,216 95,004 -16,211 Non-current Liabilities 381,613 612,609 +230,995 Total Liabilities 492,830 707,614 +214,783 Non-current Assets 1,358,032 2,097,800 +739,767 Shareholders’ Equity 1,127,718 1,607,460 +479,742 Non- controlling Interests 7,672 8,252 +580 Total Net Assets 1,135,390 1,615,713 +480,322 Total Assets 1,628,220 2,323,327 +695,106 Total Liabilities and Net Assets 1,628,220 2,323,327 +695,106 Interest-bearing liabilities as of Jun 30, 2026 :79.1 billion yen ( +54.6 billion yen from the end of Mar 31, 2026） *Excluding lease obligation 30
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8,506 7,805 9,598 0 2,000 4,000 6,000 8,000 10,000 12,000 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar FY21 FY22 FY23 FY24 FY25 FY26 Number of Views on TVer & TBS FREE Streaming Revenue Trend and The Numbers of Views on TVer & TBS FREE (Ten thousand views) FY26 Q1 # of views (Y/Y) +8.2％ *including GYAO! until March 31, 2023. 1,174 1,552 1,976 3,073 2,727 1,212 1,746 2,387 3,248 1,595 2,470 3,498 4,528 1,686 2,473 4,186 3,462 0 5,668 8,243 12,048 14,312 2,727 2022 2023 2024 2025 2026 Streaming Ad revenue Q1 Q2 Q3 Q4 2,112 4,523 2,659 2,900 3,744 1,311 2,093 3,167 2,431 3,081 3,058 3,036 2,114 2,394 2,470 2,351 1,888 0 8,900 12,146 11,214 9,334 3,744 2022 2023 2024 2025 2026 Paid Subscription Streaming revenue Q1 Q2 Q3 Q4 31
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Viewer Ratings LTV4-59 (Age 4 to 59-year-old) / All (4-year-old and older) Ratings for March 30, 2026 to June 28, 2026 on a weekly basis, by Video Research Ltd. in the Kanto region All Day Golden Time Prime Time Non-prime Time TBS ②1.8 [+0.1] ②3.7 [+0.1] ②3.5 [+0.1] ③1.3 [0.0] NTV ①2.6 [0.0] ①4.5 [0.0] ①4.1 [-0.1] ②2.1 [0.0] TV Asahi ④1.4 [0.0] ④2.3 [0.0] ③2.5 [0.0] ④1.1 [0.0] TV Tokyo ⑥0.5 [0.0] ⑥1.4 [0.0] ⑥1.3 [0.0] ⑥0.3 [0.0] Fuji TV ③1.6 [0.0] ③2.7 [-0.2] ③2.5 [-0.3] ②1.4 [+0.1] N H K ⑤0.9 [0.0] ⑤2.0 [+0.1] ⑤1.8 [+0.1] ⑤0.6 [-0.1] PUT 9.9 [0.0] 18.3 [-0.2] 17.3 [-0.2] 7.8 [0.0] All Day Golden Time Prime Time Non-prime Time TBS ④2.5 [-0.1] ④4.1 [0.0] ④3.9 [0.0] ④2.1 [-0.1] NTV ②3.3 [+0.1] ①5.0 [0.0] ②4.6 [0.0] ①2.9 [+0.1] TV Asahi ①3.4 [+0.1] ①5.0 [+0.1] ①5.1 [+0.1] ①2.9 [0.0] TV Tokyo ⑥1.1 [0.0] ⑥2.8 [0.0] ⑥2.4 [-0.1] ⑥0.7 [0.0] Fuji TV ⑤1.9 [-0.1] ⑤2.9 [-0.5] ⑤2.8 [-0.5] ⑤1.7 [0.0] N H K ③2.7 [+0.1] ①5.0 [+0.2] ③4.4 [+0.2] ③2.2 [0.0] PUT 17.7 [-0.1] 29.1 [-0.4] 27.1 [-0.4] 15.0 [0.0] LTV4-59 ALL Figures in [] denote the difference from the same period in the previous year. Unit:% 32
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Q1 19,707 -605 -3.0% 19,687 -2,662 -11.9% +1.3% Q2 Q3 Q4 FY26 FY22 20.6% (cumulative)¥ FY23 20.5% (cumulative) FY24 21.5% (cumulative) FY25 22.1% (cumulative) FY26 21.7% (cumulative) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 21.2 20.6 20.9 19.6 20.9 20.6 20.2 20.1 20.8 21.4 20.9 23.2 25.0 20.9 21.7 21.0 21.7 TBS share among five key broadcasters in the greater Tokyo area (Estimates) Time Spot Notes FY26 Y/Y Y/Y (%) FY26 Y/Y Y/Y (%) Tokyo Area (Estimates) Apr 7,250 -104 -1.4% 6,815 -705 -9.4% +4.5% May 6,474 -91 -1.4% 6,940 -604 -8.0% +4.6% June 5,982 -408 -6.4% 5,931 -1,351 -18.6% -5.3% July Aug Sep Oct Nov Dec Jan Feb Mar TBS TV Time/Spot ad Sales and Y/Y Changes Unit : millions of yen 33
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Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar FY2022 7,380 7,200 6,927 6,596 5,669 5,991 7,282 7,808 7,660 6,406 6,224 7,819 FY2023 7,201 6,488 5,951 6,270 5,004 5,289 6,526 7,260 7,218 6,042 6,120 8,403 FY2024 7,100 6,350 6,061 6,572 5,339 6,391 7,430 7,659 7,713 6,796 6,409 8,531 FY2025 7,521 7,545 7,283 7,534 6,410 5,015 7,609 7,874 8,340 7,301 6,356 8,619 FY2026 6,815 6,940 5,931 0 3,000 6,000 9,000 12,000 Unit: millions of yen Spot ad Sales Time ad Sales TBS TV Time/Spot ad Sales ( FY22 – FY26 ) Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar FY2022 7,036 6,560 5,968 8,541 5,953 6,048 6,776 6,646 6,939 7,080 5,552 6,810 FY2023 7,229 6,380 6,055 6,388 7,563 6,941 7,559 6,621 7,314 7,047 5,640 6,848 FY2024 6,890 6,408 6,988 6,439 7,219 6,055 6,661 7,634 7,421 7,130 5,538 6,876 FY2025 7,355 6,566 6,391 7,151 6,581 12,040 6,906 7,207 7,479 7,337 6,527 7,105 FY2026 7,250 6,474 5,982 0 3,000 6,000 9,000 12,000 34
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Unit:% FY26 Q1 Y/Y(%) Share 1 Information, telecommunications and broadcasting +24.4 17.1 2 Alcoholic and other beverages -21.7 10.6 3 Foods -17.5 9.5 4 Eating-out and services -26.6 8.4 5 Automobiles and transportation equipment +11.4 5.7 6 Financial services -12.6 5.3 7 Transportation and leisure -32.3 5.2 8 Pharmaceuticals -35.7 5.1 9 Cosmetics and toiletry -25.0 5.1 10 Entertainment and hobbies -5.5 4.2 ※Ranked by amount of sales Spot ad Sales Ranks by Business Category Unit:% FY25 Q1 Y/Y(%) Share 1 Information, telecommunications and broadcasting +0.3 12.1 2 Alcoholic and other beverages -0.2 12.0 3 Foods +13.8 10.2 4 Eating-out and services +51.9 10.1 5 Pharmaceuticals +19.8 7.1 6 Transportation and leisure +9.9 6.8 7 Cosmetics and toiletry -3.9 6.0 8 Financial services +16.7 5.3 9 Automobiles and transportation equipment +19.4 4.5 10 Distribution +83.9 4.1 ※Ranked by amount of sales 35
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Consolidated companies in Lifestyle business (8) StylingLife Holdings Inc. CP Cosmetics Inc. BECAUSE CO., LTD. YARUKI Switch Group Holdings Co., Ltd. YARUKI Switch Group Co., Ltd. YARUKI Switch Careers Co., Ltd. YP Switch Co., Ltd. TERAKOYA GROUP Co., Ltd. Consolidated companies in Real Estate and Others business (5) TBS Kikaku Co., Ltd. Midoriyama Studio City, Inc. Akasaka Heat Supply, Co., Ltd. TBS Sunwork, Inc. TBS HEXA, INC. Equity method affiliates (7) WOWOW INC. Litpla Inc. U-NEXT Co., Ltd. StudioMonowa Co.,Ltd YGC Co., Ltd. Sanrio Yaruki Edutailing Co.,Ltd. Taiwan Tact Education Co., LTD. List of Consolidated Companies Media and Content business/ Real Estate and other businesses (1) TBS TELEVISION, INC. Consolidated companies in Media and Content business (20) TBS RADIO, INC. BS-TBS, INC. TBS SPARKLE, INC. TBS GLOWDIA, INC. TBS ACT, INC. CS-TBS, INC. NICHION, INC. TBS Media Research Institute, Inc. TC Entertainment Inc. Seven Arcs Co., Ltd. Manga Box Co., Ltd. THE SEVEN, INC. SAND B, Inc. K contents Inc. ＷＡＣＵＬ，ＩＮＣ． 100 Inc. TOKYO BROADCASTING SYSTEM INTERNATIONAL, INC. Bellon Entertainment Inc. THE SEVEN US, INC. TOKYO BROADCASTING SYSTEM KOREA, INC. (As of June 30, 2026) 36