Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between thistranslated document and the Japanese original, the original shall prevail.

November 8, 2023
Company Name: Asahi Broadcasting Group Holdings Corporation
Representative: Susumu Okinaka, Representative Director and President(Securities Code: 9405, Tokyo Stock Exchange Prime Market)
Inquiries: Yoko Kumada, General Manager, Corporate Management Division(TEL: +81-6-6458-5321)

Notice of Revisions of Financial Results Forecasts and Dividends Forecasts
Asahi Broadcasting Group Holdings Corporation (“the Company”) today announces the revisions of its fullyear consolidated financial results forecasts and dividends forecasts for fiscal 2023 (April 1, 2023 to March 31,2024) announced on May 12, 2023, in light of recent performance trends and other factors, as follows.

1. Revision of financial results forecasts(1) Revision of full-year consolidated financial results forecasts for fiscal 2023(April 1, 2023 to March 31, 2024)
Operating
Ordinary
Profit Attributable
Net Sales
IncomeIncometo Owners of Parent¥ million¥ million¥ million¥ millionPreviously announced
forecasts (A)90,000
2,500
2,700
1,700
(Announced on May 12,2023)
Revised forecasts (B)88,000
1,300
1,500
1,000
Change (B-A)
Percentage change (%)(Ref) Results for the
full-year ended March
31, 2023(2,000)(1,200)(1,200)

(700)

(2.2)

(48.0)(44.4)(41.2)

87,028

2,594

2,661

1,354

Basic Earnings
per Share(2) Reasons for the revision
The Company downwardly revised its full-year consolidated financial results forecasts for net sales, operating
income, ordinary income and profit attributable to owners of parent mainly due to a downward trend in TV spot
advertising sales compared with the previous forecast in the Group’s mainstay broadcasting and content
business, a delay in development of new business, and the lagging at-home shopping business in the lifestylebusiness.
Note: The forecasts presented above are based on information that is currently available to the Group andcertain assumptions that are judged to be reasonable. Actual results may differ from the forecasts due to variousfactors.

¥40.74

23.95

32.42

2. Revision of the dividends forecasts(1) Revision of the year-end dividend forecasts for fiscal 2023
Annual Dividend per Share
1Q-End2Q-End3Q-EndPeriod-End

Total¥

¥¥¥

¥

＿6.00

＿8.00

14.00

＿6.00

＿6.00

12.00

Change (B-A)＿＿＿(2.00)

Percentage change (%)(Ref) Results for the
full-year ended March
31, 2023＿＿＿(25.0)

＿

10.00

＿6.00

Previously announcedforecasts (A)(Announced on May 12,2023)
Revised forecasts (B)

16.00(2) Reasons
Returning appropriate levels of profits to all shareholders is one of the most important management issues forthe Company. With respect to the distribution of profits, given the Company’s responsibility as a certified
broadcasting holding company, it will take into comprehensive account factors such as operating results, thedividend payout ratio, and an appropriate level of internal reserves, while also constantly being aware of thebalance between strengthening and maintaining the Company’s financial position and making investments forsupporting increases in corporate value and growth strategies.
In accordance with this policy, the Company plans to flexibly make decisions for continuous and stabledividend payment, targeting a dividend payout ratio of 30% for profit after deducting the amount equivalent to
the effective statutory tax rate from consolidated operating income, which indicates profit from the corebusiness of the Group (deemed net profit). Moreover, the Company has set an annual dividend of 12.00 yen per
share as the lower limit except in times of a significant decline in business performance due to a rapidly
deteriorating business environment.
In line with this policy, and in light of the revision to the financial results forecasts announced today, theCompany revised the year-end dividend down by ¥2.00 from the previous forecast to ¥6.00 per share. As aresult, the annual dividend is forecasted to be ¥12.00.