Nippon Television : Financial Data Result for the Period ended September 30,2022

Nippon Television Holdings, Inc.

Consolidated Flash Report

Results for the 2nd Quarter ended September 30, 2022

										November 04, 2022
	(Japanese GAAP)
	Stock listing: Tokyo Stock Exchange (Prime Market)			Code number: 9404
	URL:https://www.ntvhd.co.jp/
	Representative: Yoshikuni Sugiyama, Representative Director, Chairman
Information contact: Kozo Morita, President, Financial Management Division
Tel: [phone]
Schedule dates
Filing of statutory financial report: November 14, 2022
Dividends payout: December 01, 2022
Supplementary materials to financial results available:	Yes
Result meeting held:				Yes
1. Results for the 2nd Quarter FY2022(From April 1, 2022 to September 30, 2022)
	(1) Consolidated operating results		(Figures less than 1 million yen have been omitted.)
			Net sales		Operating profit	Recurring profit
			(% change from the previous year)	(% change from the previous year)	(% change from the previous year)
			Millions of yen		%	Millions of yen		%	Millions of yen	%
	2nd Qtr FY 2022		199,941		2.3	19,374		△20.4	21,334	△23.3
	2nd Qtr FY 2021		194,950		11.7	24,341		166.9	27,797	148.2

(Note) Comprehensive income: 2nd Qtr FY2022

△¥ 12,437 million (－%) 2nd Qtr FY2021 ¥ 46,634 million (96.7%)

Net income attributable to

Net income

Diluted

owners of the parent

income

per share

(% change from the previous year)

per share

Millions of yen

%

yen

yen

2nd Qtr FY 2022

14,262

△22.7

55.91

55.62

2nd Qtr FY 2021

18,440

－

72.29

72.20

(2) Consolidated financial position

Total assets

Net assets

Shareholders'

'equity ratio

Millions of yen

Millions of yen

%

2nd Qtr FY 2022

1,009,354

831,608

81.8

FY 2021

1,060,169

850,825

79.7

(For reference) Equity capital: 2nd Qtr FY 2022

¥ 825,214 million

FY 2021

¥ 844,741 million

2. Cash Dividends

Dividends per share

1Q

2Q

3Q

Year-end

Annual

yen

yen

yen

yen

yen

FY 2021

－

10.00

－

27.00

37.00

FY 2022

－

10.00

Forecast for FY 2022

－

27.00

37.00

(Note) Revisions of cash dividends forecast: None

3. Forecast for FY 2022 (From April 1, 2022 to March 31, 2023)

	Net sales		Operating profit		Recurring profit
	Millions of yen	%	Millions of yen	%	Millions of yen	%
FY2022	415,000	2.1	43,000		△26.7	48,000	△26.0
	Net income attributable	Net income
	to owners of the parent	per share
	Millions of yen	%	yen
FY2022	33,000	△30.4	129.37

(Note) Revisions in consolidated performance forecasts: Yes

4. Others

1. Changes in significant subsidiaries during the period (Reclassification due to change in scope of consolidation): None
2. Application of accounting methods specific to preparation of the quarterly consolidated financial statements: Yes
3. Changes in the accounting policies, accounting estimates and restatements.

• Changes in accounting policies due to amendment of accounting standards: Yes

② Changes in accounting policies other than ① : None

• Changes in accounting estimate: None
• Restatement: None

1. Issued shares (Common stock)

• Issued shares at the end of period (Including treasury stock)
• Treasury stock at the end of period
• Average shares

2nd Qtr	263,822,080	shares	FY2021	263,822,080	shares
FY 2022
2nd Qtr	8,738,821	shares	FY2021	8,738,721	shares
FY 2022
2nd Qtr	255,083,339	shares	2nd Qtr	255,083,506	shares
FY 2022	FY 2021

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Million yen)
			As of March 31,2022	As of September 30,2022
Assets
	Current assets
		Cash and deposits	63,760	68,677
		Notes and accounts receivable - trade, and contract	106,986	90,535
		assets
		Securities	76,500	63,000
		Inventories	3,362	2,504
		Program rights	4,369	5,204
		Other	21,302	22,530
		Allowance for doubtful accounts	(469)	(438)
		Total current assets	275,812	252,012
	Non-current assets
		Property, plant and equipment
		Buildings and structures, net	66,228	65,021
		Machinery, equipment and vehicles, net	12,762	12,084
		Tools, furniture and fixtures, net	2,813	2,737
		Land	172,726	172,729
		Leased assets, net	3,364	3,182
		Construction in progress	1,821	1,112
		Total property, plant and equipment	259,717	256,867
		Intangible assets
		Goodwill	16,123	15,518
		Other	11,775	10,885
		Total intangible assets	27,898	26,404
		Investments and other assets
		Investment securities	464,172	442,117
		Long-term loans receivable	2,867	2,566
		Deferred tax assets	2,942	3,004
		Other	27,880	27,444
		Allowance for doubtful accounts	(1,123)	(1,064)
		Total investments and other assets	496,740	474,069
		Total non-current assets	784,356	757,341
	Total assets	1,060,169	1,009,354

				(Million yen)
			As of March 31,2022	As of September 30,2022
Liabilities
	Current liabilities
		Notes and accounts payable - trade	10,473	11,710
		Short-term borrowings	2,580	2,813
		Accounts payable - other	8,659	4,906
		Accrued expenses	53,194	47,984
		Income taxes payable	12,904	6,592
		Other	20,003	15,107
		Total current liabilities	107,816	89,115
	Non-current liabilities
		Lease liabilities	11,211	10,464
		Deferred tax liabilities	48,898	36,879
		Retirement benefit liability	14,132	13,934
		Long-term guarantee deposits	20,650	20,821
		Other	6,635	6,531
		Total non-current liabilities	101,527	88,630
	Total liabilities	209,343	177,745
Net assets
	Shareholders' equity
		Share capital	18,600	18,600
		Capital surplus	35,787	35,762
		Retained earnings	681,577	689,082
		Treasury shares	(9,098)	(9,098)
		Total shareholders' equity	726,866	734,346
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	117,817	90,470
		securities
		Deferred gains or losses on hedges	12	25
		Foreign currency translation adjustment	45	372
		Total accumulated other comprehensive income	117,875	90,868
	Non-controlling interests	6,083	6,393
	Total net assets	850,825	831,608
Total liabilities and net assets	1,060,169	1,009,354

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the six months)

			(Million yen)
		For the six months	For the six months
		ended September 30,2021	ended September 30,2022
Net sales	194,950	199,441
Cost of sales	125,820	134,309
Gross profit	69,129	65,131
Selling, general and administrative expenses	44,788	45,757
Operating profit	24,341	19,374
Non-operating income
	Interest income	554	799
	Dividend income	1,144	1,122
	Share of profit of entities accounted for using equity	1,619	-
	method
	Foreign exchange gains	1	-
	Gain on investments in investment partnerships	320	207
	Other	177	183
	Total non-operating income	3,817	2,312
Non-operating expenses
	Interest expenses	205	187
	Share of loss of entities accounted for using equity	-	127
	method
	Foreign exchange losses	-	19
	Loss on investments in investment partnerships	67	0
	Other	88	16
	Total non-operating expenses	360	351
Ordinary profit	27,797	21,334
Extraordinary income
	Gain on sale of non-current assets	18	0
	Gain on sale of investment securities	-	408
	Grant income	383	4
	Total extraordinary income	402	414
Extraordinary losses
	Loss on sale of non-current assets	-	0
	Loss on retirement of non-current assets	91	182
	Loss on sale of investment securities	-	3
	Loss on valuation of investment securities	-	382
	Loss on COVID19	909	-
	Other	49	24
	Total extraordinary losses	1,050	592
Profit before income taxes	27,149	21,156
Income taxes	8,699	6,587
Profit	18,450	14,569
Profit attributable to non-controlling interests	9	306
Profit attributable to owners of parent	18,440	14,262