Interim report
Page 1
Note : This document has been translated from a part of 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 . TV Asahi Holdings Corporation Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) Company name : TV Asahi Holdings Corporation Listing : Tokyo Stock Exchange Securities code : 9409 URL : https://www.tv-asahihd.co.jp/ Representative : Hiroshi Hayakawa , Chairman Inquiries : Yoshinori Saito , Treasurer Telephone : + 81-3-6406-1115 Scheduled date to commence dividend payments : - Preparation of supplementary material on financial results : Yes Holding of financial results briefing : None August 7 , 2026 FASF Net sales Three months ended June 30 , 2026 Millions of yen 81,386 % Millions of yen ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Profit attributable to owners of parent Millions of yen Operating profit June 30 , 2025 80,478 1.1 3.7 3,792 % ( 48.0 ) Ordinary profit Millions of yen 6,641 7,296 53.2 9,819 % ( 32.4 ) 33.6 % 5,260 6,689 ( 21.4 ) 28.1 Note : Comprehensive income For the three months ended June 30 , 2026 : For the three months ended June 30 , 2025 : ¥ 15,539 million [ 43.1 % ] ¥ 10,859 million [ ( 0.1 ) % ] Three months ended June 30 , 2026 Basic earnings per share Yen 52.32 66.08 Diluted earnings per share Yen June 30 , 2025 ( 2 ) Consolidated financial position As of June 30 , 2026 March 31 , 2026 Reference : Equity Total assets Millions of yen 588,626 581,109 As of June 30 , 2026 : ¥ 476,646 million As of March 31 , 2026 : ¥ 465,273 million 2. Cash dividends Fiscal year ended March 31 , 2026 Fiscal year ending March 31 , 2027 Net assets Equity - to - asset ratio Millions of yen 480,809 467,686 % 81.0 80.1 Annual dividends per share First quarter - end Second quarter - end Third quarter - end Fiscal year - end Total Yen Yen Yen Yen Yen 30.00 40.00 70.00 Fiscal year ending March 31 , 2027 50.00 50.00 100.00 ( Forecast ) Note : Revisions to the forecast of cash dividends most recently announced : None Fiscal year ended March 31 , 2026 : The fiscal year - end dividend of 40.00 yen includes a special dividend of 10.00 yen .
Page 2
3. Consolidated financial result forecasts for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 350,000 3.1 20,000 (23.6) 28,000 (23.4) 25,000 (15.7) 248.66 Note: Revisions to the financial result forecast most recently announced: None * Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes - For details, please refer to P.5 “Notes to Quarterly Consolidated Financial Statements, (Use of Accounting Methods Specific to Preparation of Quarterly Consolidated Financial Statements)” of the attached document. (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 108,529,000 shares As of March 31, 2026 108,529,000 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 7,989,687 shares As of March 31, 2026 7,989,666 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 100,539,328 shares Three months ended June 30, 2025 101,238,955 shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Proper use of earnings forecasts, and other special matters - The above forecasts are based on information available as of this report’s publication. Actual results may differ from forecasts due to changes in the business environment. No changes have been made from the consolidated earnings forecast released on May 14, 2026. - The supplementary material to financial results will be disclosed on TDnet and published on the Company’s website on Friday, August 7, 2026.
Page 3
1 Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 36,234 23,126 Notes and accounts receivable - trade 92,367 82,415 Securities 32,006 45,029 Inventories 10,790 12,112 Other 13,860 14,502 Allowance for doubtful accounts (85) (88) Total current assets 185,174 177,098 Non-current assets Property, plant and equipment Buildings and structures, net 65,592 65,561 Land 64,746 65,371 Other, net 24,051 23,213 Total property, plant and equipment 154,390 154,147 Intangible assets Other 3,992 4,992 Total intangible assets 3,992 4,992 Investments and other assets Investment securities 213,256 227,070 Other 26,247 27,449 Allowance for doubtful accounts (1,952) (2,131) Total investments and other assets 237,551 252,388 Total non-current assets 395,934 411,528 Total assets 581,109 588,626 Liabilities Current liabilities Notes and accounts payable - trade 10,493 10,565 Other 76,048 65,521 Total current liabilities 86,542 76,087 Non-current liabilities Retirement benefit liability 8,198 8,057 Other 18,682 23,671 Total non-current liabilities 26,880 31,729 Total liabilities 113,422 107,816
Page 4
2 (Millions of yen) As of March 31, 2026 As of June 30, 2026 Net assets Shareholders' equity Share capital 36,721 36,721 Capital surplus 70,516 70,516 Retained earnings 326,300 327,510 Treasury shares (16,458) (16,458) Total shareholders' equity 417,080 418,290 Accumulated other comprehensive income Valuation difference on available-for-sale securities 38,417 48,496 Deferred gains or losses on hedges (0) (0) Foreign currency translation adjustment 2,345 2,533 Remeasurements of defined benefit plans 7,431 7,325 Total accumulated other comprehensive income 48,193 58,356 Non-controlling interests 2,412 4,162 Total net assets 467,686 480,809 Total liabilities and net assets 581,109 588,626
Page 5
3 (2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income for the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net sales 80,478 81,386 Cost of sales 55,044 60,856 Gross profit 25,433 20,529 Selling, general and administrative expenses 18,137 16,736 Operating profit 7,296 3,792 Non-operating income Dividend income 732 844 Share of profit of entities accounted for using equity method 1,683 1,843 Other 193 233 Total non-operating income 2,609 2,921 Non-operating expenses Loss on investments in investment partnerships 5 39 Loss on abandonment of non-current assets 9 27 Other 71 7 Total non-operating expenses 85 73 Ordinary profit 9,819 6,641 Extraordinary income Gain on step acquisitions - 475 Total extraordinary income - 475 Extraordinary losses Provision of allowance for doubtful accounts - 178 Provision for loss business - 565 Total extraordinary losses - 744 Profit before income taxes 9,819 6,372 Income taxes 3,046 995 Profit 6,773 5,376 Profit attributable to non-controlling interests 84 116 Profit attributable to owners of parent 6,689 5,260
Page 6
4 Quarterly Consolidated Statement of Comprehensive Income for the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 6,773 5,376 Other comprehensive income Valuation difference on available-for-sale securities 3,791 9,950 Foreign currency translation adjustment (59) 22 Remeasurements of defined benefit plans, net of tax 19 (90) Share of other comprehensive income of entities accounted for using equity method 334 281 Total other comprehensive income 4,085 10,162 Comprehensive income 10,859 15,539 Comprehensive income attributable to Comprehensive income attributable to owners of parent 10,774 15,422 Comprehensive income attributable to non-controlling interests 84 117
Page 7
5 (3) Notes to Quarterly Consolidated Financial Statements (Notes on Premise of Going Concern) There are no items to report. (Notes on Substantial Changes in the Amount of Shareholders’ Equity) There are no items to report. (Use of Accounting Methods Specific to Preparation of Quarterly Consolidated Financial Statements) (Calculation of Tax Expenses) Regarding tax expenses, a reasonable estimate has been made of the effective tax rate after tax effect accounting has been applied to the net income before taxes for the fiscal year which includes the three months under review, and this estimate has been multiplied by the net income before taxes for the three months under review to calculate the tax expenses. However, in the event the calculated tax expenses using the aforementioned estimated effective tax rate produces a considerably unreasonable figure, the statutory effective tax rate shall be used. (Changes in Presentation) Consolidated subsidiaries of the Company, Ropping Life Co., Ltd. and ITTY, INC., conducted an absorption-type merger on July 1, 2025, with Ropping Life Co., Ltd. as the surviving company. The earnings management category has been reviewed following the merger, and a portion of costs that was previously accounted for under “Cost of sales” has been changed to “Selling, general and administrative expenses” from the six months ended September 30, 2025. As a result, 875 million yen, which was previously included in “Cost of sales” in the Consolidated Statements of Income for the three months ended June 30, 2025, has been accounted for under “Selling, general and administrative expenses.” Operating profit, Ordinary profit and Profit before income taxes for the consolidated accounting period have not been affected.
Page 8
6 (Segment Information) I. Three months ended June 30, 2025 (April 1, 2025 to June 30, 2025) 1. Information regarding net sales and profits by segment (Millions of yen) Reportable segments Adjustments*1 Amounts reported on consolidated financial statements*2 Media & Content Business TDP & Events Business Other Businesses Total Net sales Sales to outside customers 73,873 5,662 942 80,478 - 80,478 Inter-segment sales and transfers 202 303 1,263 1,769 (1,769) - Total 74,076 5,965 2,205 82,247 (1,769) 80,478 Segment profit 7,025 120 162 7,308 (12) 7,296 Notes: 1. Segment profit adjustments totaling minus 12 million yen includes elimination of inter-segment transactions of minus 9 million yen, 523 million yen of income accruing from inter-company transactions with subsidiaries, and corporate expenses of minus 526 million yen. Corporate expenses are chiefly those expenses related to the Company’s management of the Group’s business. 2. Segment profits are adjusted to align it with operating profits reported on the consolidated statements of income for the corresponding period. II. Three months ended June 30, 2026 (April 1, 2026 to June 30, 2026) 1. Information regarding net sales and profits by segment (Millions of yen) Reportable segments Adjustments*1 Amounts reported on consolidated financial statements*2 Media & Content Business TDP & Events Business Other Businesses Total Net sales Sales to outside customers 68,547 11,773 1,065 81,386 - 81,386 Inter-segment sales and transfers 391 390 1,575 2,357 (2,357) - Total 68,938 12,164 2,641 83,743 (2,357) 81,386 Segment profit 3,028 489 305 3.823 (30) 3,792 Notes: 1. Segment profit adjustments totaling minus 30 million yen includes elimination of inter-segment transactions of minus 25 million yen, 583 million yen of income accruing from inter-company transactions with subsidiaries, and corporate expenses of minus 587 million yen. Corporate expenses are chiefly those expenses related to the Company’s management of the Group’s business. 2. Segment profits are adjusted to align it with operating profits reported on the consolidated statements of income for the corresponding period.
Page 9
7 2. (Revision of reportable segments) At the Board of Directors meeting held on February 12, 2026, the Company resolved the management plan “START UP TV Asahi Management Plan 2026-2029” covering the period from fiscal year ending March 31, 2027, to fiscal year ending March 31, 2030. Following the new management plan, the Company has revised the reportable segments from the former “TV Broadcasting Business,” “Internet Business,” “Shopping Business,” and “Other Businesses” to “Media & Content Business,” “TDP & Events Business,” and “Other Businesses” starting from the three months ended June 30, 2026. The “Media & Content Business” segment includes businesses such as the “TV Broadcasting Business,” “Internet Business,” “Shopping Business,” and the Investment in Motion Pictures in “Other Businesses.” The “TDP & Events Business” segment comprises businesses such as the Music Publication Business and Special Events Business which were formerly in “Other Businesses,” and also those related to TOKYO DREAM PARK, which opened on March 27, 2026. Furthermore, the segment information for the three months ended June 30, 2025, has been prepared based on the new segments. (Notes on Statements of Cash Flows) The quarterly consolidated statements of cash flows for the three months under review has not been created. Moreover, the amount of depreciation and amortization (including amortization of intangible assets) for the three months under review is as follows. (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Depreciation and amortization 2,230 2,737 (Significant Subsequent Events) There are no items to report.