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.

Consolidated Financial Report for Fiscal 2022
(The Fiscal Year Ended March 31, 2023 under Japanese GAAP)May 12, 2023
Asahi Broadcasting Group
Company Name:
Stock Exchange Listing: Tokyo Stock Exchange
Holdings Corporation
Securities Code: 9405
URL https://corp.asahi.co.jp/en/
Representative: Susumu Okinaka, Representative Director and President
Inquiries:
Yoko Kumada, General Manager, Corporate Management Division
TEL: +81-6-6458-5321
Scheduled Date of Ordinary General Meeting of Shareholders: June 28, 2023
Scheduled Date of Dividend Payment Commencement: June 29, 2023
Scheduled Date of Securities Report Filing: June 29, 2023
Preparation of Annual Supplementary Explanatory Materials: Yes
Annual Results Briefing Held: Yes (for institutional investors and analysts)(Figures are rounded down to the nearest million yen unless otherwise stated.)
1. Consolidated Financial Results for Fiscal 2022 (April 1, 2022 to March 31, 2023)(1) Consolidated Operating Results(Percentage figures show the year-on-year increase (decrease).)Profit attributable to
Net Sales
Operating Income
Ordinary Income
owners of parent¥ million%¥ million%¥ million%¥ million
%
2.3
1,354
Fiscal 2022
87,0282,594 (38.3)
2,661 (44.5)(49.3)
8.6
56.0
58.0
2,671
Fiscal 2021
85,100
4,203
4,792
—
Note: Comprehensive Income
Fiscal 2022: ¥3,107 million (216.5%)
Fiscal 2021: ¥981 million (-11.2%)
Basic Earnings per Diluted Earnings
Share
per Share¥
32.42
Fiscal 2022
64.97
Fiscal 2021
(Reference) Equity in Earnings of Affiliates

Rate of return on
equityOrdinary
Income/Total
Assets

¥
%
2.0
—
4.0
—
Fiscal 2022: ¥(32) million
Fiscal 2021: ¥— million(2) Consolidated Financial Position
Total Assets
Net Assets
Equity-to-Asset Ratio¥ million¥ million%
March 31, 2023
122,305
72,445
56.6
March 31, 2022
123,788
70,497
54.1(Reference) Shareholders’ Equity March 31, 2023: ¥69,259 million
March 31, 2022: ¥66,975 million(3) Consolidated Cash FlowsNet Cash Provided By Net Cash Provided By Net Cash Provided By(Used In) Operating(Used In) Investing(Used In) Financing
Activities
Activities
Activities¥ million¥ million¥ million(5,046)
Fiscal 2022
2,951
(1,610)(4,276)
Fiscal 2021
4,689
543

Operating
Income/Net Sales

%
2.2
3.9

%
3.0
4.9

Net Assets per Share¥
1,659.63
1,604.91

Ending Balance ofCash and Cash
Equivalents¥ million
23,991
27,695

2. Dividends
Annual Dividend per Share
1Q-End2Q-End3Q-End Period-End

Total
Dividends

Total

PayoutRatio(Consolidated)

Ratio of
Dividends
to NetAssets(Consolidated)¥

Fiscal 2021
Fiscal 2022
Fiscal 2023
(Forecast)

¥

¥

¥

¥

¥ million

%

%

997
668

36.9
49.4

1.5
1.0

—
—

7.00
10.00

—
—

17.00
6.00

24.00
16.00

—

6.00

—

8.00

14.00

34.4

3. Consolidated Financial Results Forecasts for Fiscal 2023 (April 1, 2023 to March 31, 2024)(Percentage figures show the year-on-year increase (decrease).)Profit attributable Basic Earnings
Net Sales
Operating Income Ordinary Income
to owners of parent
per Share¥ million% ¥ million% ¥ million% ¥ million%¥
Full Fiscal Year
90,0003.4
2,500 (3.6)
2,700
1.4
1,700
25.6
40.74

* Notes(1) Changes in the number of important subsidiaries during the period: None
(2) Changes in accounting policies, accounting estimates and restatements
1) Changes in accounting policies in accordance with changes in accounting standards, etc.: None
2) Changes in accounting policies other than 1): None
3) Changes in accounting estimates: None
4) Restatements: None
(3) Number of shares issued and outstanding (common shares)
1) Number of shares issued and outstanding as of March 31,
the period-end (including treasury shares)
2023
2) Number of treasury shares as of the period-end March 31,
2023
3) Average number of shares issued andMarch 31,
outstanding for the period2023

41,833,000
shares101,209
shares
41,768,602
sharesMarch 31,2022
March 31,2022
March 31,2022

41,833,000
shares101,261
shares41,115,176
shares(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for Fiscal 2022 (April 1, 2022 to March 31, 2023)(1) Non-consolidated Operating Results(Percentage figures show the year-on-year increase (decrease).)Net Sales
Operating Income
Ordinary Income
Profit¥ million%¥ million%¥ million%¥ million
%
11.3
296
Fiscal 2022
6,584
193 (46.0)
(28)
—
—
8.4
(6,299)Fiscal 2021
5,917
358 (25.0)
389 (38.5)—
Basic Earnings per Diluted Earnings
Share
per Share
Fiscal 2022
Fiscal 2021¥
7.09
(153.22)¥——(2) Non-consolidated Financial Position
Total Assets
Net Assets
Equity-to-Asset Ratio¥ million¥ million%
March 31, 2023
56,16442,211
75.2
March 31, 2022
56,91043,003
75.6(Reference) Shareholders’ Equity March 31, 2023: ¥42,211 million
March 31, 2022: ¥43,003 million

Net Assets per Share¥
1,011.49
1,030.49* These consolidated financial results are outside the scope of audit by certified public accountants and audit
corporations* Explanation concerning the appropriate use of forecasts and other special instructions(Caution regarding forward-looking statements, etc.)
Results forecasts and other forward-looking statements contained in this report are based on the assumptions,beliefs, and uncertainties in light of information available to the Company’s management as of the publication dateand do not represent promises by the Company or its management that these performance figures will be attained.
Actual results may differ materially from forecasts due to a variety of factors. Please refer to “1. Overview ofBusiness Results, etc. (4) Future Outlook” on page 4 of the attached supplementary materials for information
regarding the underlying assumptions for financial results forecasts, as well as explanatory and other notes regarding
the use of financial results forecasts.
The Company will hold a briefing for institutional investors and analysts (online), scheduled for Monday, May 22,2023. The document to be used at this briefing shall be published on the Company’s website at 10:00 a.m. on the
day of the event.

Supplementary Materials: Table of Contents
1.

Overview of Business Results, etc.

2(1) Overview of Business Results for the Fiscal Year under Review

2(2) Overview of Financial Position for the Fiscal Year under Review

3(3) Overview of Cash Flows for the Fiscal Year under Review

3(4) Future Outlook

4(5) Significant Events regarding Going Concern Assumptions

4

2.

Rationale behind the Choice of Accounting Standards

4

3.

Consolidated Financial Statements and Primary Notes

5(1) Consolidated Balance Sheet

5(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income

7(3) Consolidated Statement of Changes in Equity

9(4) Consolidated Statement of Cash Flows

11(5) Notes regarding Consolidated Financial Statements

13

4.

(Going Concern Assumptions)13(Segment Information, etc.)

13(Per Share Information)

16(Significant Events after Reporting Period)

17

Other Information

17(1) Changes to the Officers of the Company

171

1. Overview of Business Results, etc.
(1) Overview of Business Results for the Fiscal Year under Review
In fiscal 2022, which extended from April 1, 2022 to March 31, 2023, while the Japanese economy saw an easing of
COVID-19 movement restrictions and a return to regular economic activity, the economic outlook remains uncertain
due to unstable global conditions, drastic fluctuations in the exchange rate market due to the rising U.S.-Japan
interest rate differential and surging raw material and commodity prices, etc.
Under these circumstances, net sales of the broadcasting and content business, where the Asahi Broadcasting Group(the Group) conducts its core business, increased mainly due to an increase in content-related sales. Net sales of thelifestyle business increased mainly due to TV shopping, among others. As a result of these factors, the Group’s net
sales for the fiscal year ended March 31, 2023 increased ¥1,928 million, or 2.3%, compared with the previous fiscal
year and amounted to ¥ 87,028 million.
From the cost standpoint, cost of sales increased ¥2,485 million (4.5%) compared with the previous fiscal year, to¥58,067 million. Selling, general and administrative expenses increased ¥1,051 million (4.2%) compared with theprevious fiscal year, to ¥26,366 million. As a result of the above, operating income decreased ¥1,608 million, or
38.3%, to ¥2,594 million, while ordinary income totaled ¥2,661 million, a decrease of ¥2,131 million, or 44.5%.
Additionally, while ¥210 million of extraordinary income due to sale of real estate for business was recorded, ¥933
million of extraordinary loss were recorded due in part to the recording of impairment loss on non-current assets andloss on valuation of investment securities.
As a result, profit before income taxes was ¥1,938 million, a decrease of ¥2,630 million, or 57.6%, and profit
attributable to owners of parent was ¥1,354 million, a decrease of ¥1,317 million, or 49.3%.
Results by business segment are as follows:
Broadcasting and Content BusinessNet sales in the broadcasting and content business totaled ¥72,967 million, up ¥1,618 million, or 2.3%, comparedwith the previous fiscal year. Despite a decrease in TV spot advertising sales, the mainstay of the business, contentrelated sales increased. Operating expenses increased by 4.0% due to cost of content development, among others. As
a result, operating profit amounted to ¥2,602 million, a decrease of ¥1,052 million, or 28.8%, from the previous
fiscal year.
Lifestyle BusinessNet sales in the lifestyle business totaled ¥14,061 million, up ¥310 million, or 2.3%, compared with the previous
fiscal year. The principal factor accounting for this increase in revenue was the launch of a new TV shopping
program by a subsidiary company in the previous fiscal year. Operating expenses increased 4.7% due mainly to anincrease of TV shopping-related costs, and an increase in the amortization of assets for which asset retirement
obligations were recorded due to changes in the previous fiscal year’s estimates for housing exhibition sites. As aresult, operating profit amounted to ¥433 million, a decrease of ¥440 million, or 50.4%, from the previous fiscal
year.

2

(2) Overview of Financial Position for the Fiscal Year under Review(Assets)
Total assets as of the end of the fiscal year under review were ¥122,305 million, ¥1,482 million lower than at theend of the previous fiscal year (March 31, 2022). While there was a decrease in current assets including short-term
investment securities and cash and deposits, there was an increase in long-term prepaid expenses on non-current
assets.

(Liabilities)
Total liabilities were ¥49,859 million, ¥3,431 million lower than at the end of the previous fiscal year. There was anincrease in accounts payable for equipment, which is included in other current liabilities. However, there was adecrease in net defined benefit liability under non-current liabilities.
(Net Assets)
Consolidated total net assets came to ¥72,445 million, ¥1,948 million higher than at the end of the previous fiscal
year. This was attributable mainly to the recording of profit attributable to owners of parent and an increase inremeasurements of defined benefit plans.
(3) Overview of Cash Flows for the Fiscal Year under Review
For the fiscal year under review, net cash provided by operating activities totaled ¥2,951 million. Net cash used ininvesting activities was ¥5,046 million, and net cash used in financing activities came to ¥1,610 million. Accounting
for each of these activities, the ending balance of cash and cash equivalents stood at ¥23,991 million, a decrease of¥3,704 million compared with the end of the previous fiscal year. In specific terms, cash flow activities arepresented as follows.
(Cash Flows from Operating Activities)
Net cash provided by operating activities was ¥2,951 million (an inflow of ¥4,689 million during the previous fiscal
year) due mainly to the recording of profit before income taxes and depreciation and amortization.
(Cash Flows from Investing Activities)
Net cash used in investing activities was ¥5,046 million (an outflow of ¥4,276 million during the previous fiscal
year) due mainly to purchase of property, plant and equipment and investment securities.
(Cash Flows from Financing Activities)
Net cash used in financing activities was ¥1,610 million (an inflow of ¥543 million during the previous fiscal year)
due mainly to dividends paid.

3(4) Future Outlook
As for the outlook for the Japanese economy in fiscal 2023, with the reclassification of COVID-19 as a Class 5
disease under the Infectious Diseases Act in May 2023, although economic activities are continuing to normalize,
the uncertain situation is expected to continue due to unstable global conditions, surging commodity prices, andother factors. Amid these circumstances, the Group will strive to improve viewer ratings in the broadcasting
business, where we conduct our core business, while investing in further expansion of content-related business andin digital transformation, as well as proactively addressing regional revitalization and the Sustainable Development
Goals (SDGs).
For fiscal 2023 on a consolidated basis, we forecast net sales of ¥90,000 million, operating income of ¥2,500
million, ordinary income of ¥2,700 million, and profit attributable to owners of parent of ¥1,700 million.
(5) Significant Events regarding Going Concern Assumptions
Not applicable.
2. Rationale behind the Choice of Accounting Standards
To sustain comparability of consolidated financial statements between periods as well as between companies, theGroup shall, for the time being, prepare consolidated financial statements under Japanese GAAP.

43. Consolidated Financial Statements and Primary Notes(1) Consolidated Balance Sheet(Millions of Yen)
March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, andcontract assets
Short-term investment securities
Inventories
Income taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery equipment and vehicles
Accumulated depreciation
Machinery equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Software
Software in progress
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Long-term prepaid expenses
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance cost
Total deferred assets
Total assets

5

March 31, 2023

23,58622,251

15,497

15,934

4,715
3,149
279
2,527
(11)
49,744

2,208
2,828
600
2,704
(142)
46,38535,616(16,762)
18,85423,536(16,144)
7,392
1,587
(1,077)509
14,252
143
(86)
57
484
41,55034,819(17,596)
17,22323,220(15,954)
7,266
1,831
(1,277)554
15,512
129
(93)
35
590
41,181

2,313
60
986
111
3,472

2,055
97
955
120
3,229

16,900
310
1,561
7,426
2,817
(31)
28,98574,00917,928
290
4,681
5,582
3,094
(94)
31,48375,89434
34
123,78825
25
122,305

(Millions of Yen)
March 31, 2022
Liabilities
Current liabilities
Short-term borrowings
Current portion of long-term loans
borrowings
Current portion of bonds payable
Lease obligations
Accounts payable - otherAccrued expenses
Income taxes payable
Provision for directors’ bonuses
Provision for loss on venue closing
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Bonds payable
Lease obligations
Net defined benefit liability
Long-term guarantee deposited
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeSubscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

6

March 31, 2023

50

202

513

337

26
21
8,131
2,264
1,277
102
－
6,134
18,520

13
19
8,364
2,088
180
52
127
8,215
19,601

1,852
10,01342
13,203
6,597
1,040
2,020
34,77053,290

1,593
10,000
21
9,339
6,499
389
2,414
30,25749,8595,299
5,984
54,923(50)
66,157

5,299
5,999
55,150(62)
66,386

1,826

1,900

(126)
(881)

(121)
1,093

818

2,872

8
3,513
70,497
123,788

8
3,177
72,445
122,305

(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
Fiscal 2021
(April 1, 2021
to March 31, 2022)
85,10055,581
29,51825,3154,203

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest and dividends income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using
equity method
Loss on disposal of non-current assets
Provision of allowance for doubtful accounts(Millions of Yen)
Fiscal 2022
(April 1, 2022
to March 31, 2023)
87,02858,06728,961
26,366
2,594

187
497
112
797

217
342
160
720

30

32

－

32

23
－
67
25

117
202
220
－

26
33
207
4,792

－
48
653
2,661

－

210

Gain on sales of investment securities

267

Total extraordinary income
Extraordinary loss
Loss on valuation of investment securities
Impairment loss
Loss on venue closing

267

－
210

121
369
－

249
491
127

－
491
4,568
1,809
274
2,083
2,485
(185)
2,671

65

Loss on investments in partnership
Loss on investments in silent partnership
Commission expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets

Special retirement expenses
Total extraordinary loss
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

7

933
1,938
787
138
926
1,012
(341)
1,354

Consolidated Statement of Comprehensive Income
Fiscal 2021
(April 1, 2021
to March 31, 2022)
2,485

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities, net of tax
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of
the parent
Comprehensive income attributable to noncontrolling interests

8(Millions of Yen)
Fiscal 2022
(April 1, 2022
to March 31, 2023)
1,012(1,449)

115

2

5

(55)

1,975

(1,503)
981

2,095
3,107

1,123

3,408

(141)

(300)

(3) Consolidated Statement of Changes in Equity
Fiscal 2021 (April 1, 2021 to March 31, 2022)
Shareholders’ equity
Capitalstock
Balance at the beginning of period
Cumulative effects of changes inaccounting policies
Restated balance
Changes of items during the period
Dividends from surplus
Profit attributable to owners ofparentPurchase of treasury stock
Disposal of treasury stock
Change in treasury shares ofparent arising from transactions
with non-controlling shareholders
Net changes of items other thanshareholders’ equity
Total changes of items during theperiodBalance at the end of period

Capitalsurplus

5,299
5,299

52,910Total
shareholders’equity(402)
63,670

(165)

(165)

Retainedearnings

5,862
5,862

(Millions of Yen)

52,745

Treasury
stock

(402)

63,504

(492)

(492)

2,671

2,671

120

352

1

472
1
-

-

121

2,178

352

2,652

5,299

5,984

54,923(50)

66,157

Accumulated other comprehensive income
Valuation
Total
Subscription NonTotal
difference Foreign Remeasurements of accumulated
rights to controlling net
oncurrency
definedothersharesinterests assets
available- translation
for-sale adjustment benefit comprehensive
plansincomesecurities
Balance at the beginning of period
3,320
(129)
(825)
2,365
3,664 69,700
Cumulative effects of changes
(1)
(166)
in accounting policies
Restated balance
3,320
(129)
(825)
2,365
3,663 69,533
Changes of items during theperiodDividends from surplus(492)
Profit attributable to owners of
2,671
parentPurchase of treasury stock
Disposal of treasury stock
472
Change in treasury shares ofparent arising from transactions
1
with non-controllingshareholders
Net changes of items other than (1,493)
2(55)(1,547)8(150) (1,688)
shareholders’ equity
Total changes of items during the(1,493)2(55)(1,547)8(150)
963
periodBalance at the end of period
1,826
(126)
(881)
818
8
3,513 70,497

9

Fiscal 2022 (April 1, 2022 to March 31, 2023)
Shareholders’ equity
CapitalsurplusCapital stock
Balance at the beginning of period
Cumulative effects of changes inaccounting policies
Restated balance
Changes of items during the period
Dividends from surplus
Profit attributable to owners ofparentPurchase of treasury stock
Disposal of treasury stock
Change in treasury shares ofparent arising from transactions
with non-controlling shareholders
Net changes of items other thanshareholders’ equity
Total changes of items during theperiodBalance at the end of period

5,299

Retainedearnings

5,984

54,923(Millions of Yen)
Total
shareholders’equity(50)
66,157

Treasury
stock

5,299

5,984

54,923(50)

66,157(1,127)(1,127)

1,354

1,354
(47)
35

11
3

(47)
46
3
-

-

14

226

(11)

229

5,299

5,999

55,150(62)

66,386

Accumulated other comprehensive income
Valuation
Total
Subscription NonTotal
difference Foreign Remeasurements of accumulated
rights to controlling net
oncurrency
definedothersharesinterests assets
available- translation
for-sale adjustment benefit comprehensive
plansincomesecurities
Balance at the beginning of period
1,826
(126)
(881)
818
8
3,513 70,497
Cumulative effects of changes
in accounting policies
Restated balance
1,826
(126)
(881)
818
8
3,513 70,497
Changes of items during theperiodDividends from surplus(1,127)
Profit attributable to owners of
1,354
parentPurchase of treasury stock(47)
Disposal of treasury stock46
Change in treasury shares ofparent arising from transactions
3
with non-controllingshareholders
Net changes of items other than
73
5
1,975
2,054
(335) 1,719
shareholders’ equity
Total changes of items during the
73
5
1,975
2,054
(335) 1,948
periodBalance at the end of period
1,900
(121)
1,093
2,872
8
3,177 72,445

10

(4) Consolidated Statement of Cash Flows(Millions of Yen)
Fiscal 2022
(April 1, 2022
to March 31, 2023)

Fiscal 2021
(April 1, 2021
to March 31, 2022)
Cash flows from operating activities
Profit before income taxes
Depreciation and amortization
Impairment loss
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for loss on venue
closing
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on disposal of non-current assets
Loss (gain) on sale of non-current assets
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on investments in partnership
Loss (gain) on investments in silent partnership
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
Decrease (increase) in investment
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Proceeds from redemption of securities
Decrease (increase) in short-term loans receivable
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Payments for investments in silent partnership
Purchase of investments in subsidiaries resulting inchange in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Increase (decrease) in short-term borrowings
Proceeds from long-term loans payable
Repayments of long-term loans payable
Redemption of bonds
Proceeds from share issuance to non-controllingshareholders
Proceeds from sales of treasury shares
Purchase of treasury stock
Cash dividends paid

11

4,568
3,246
369
127
(7)

1,938
3,740
491
114
194

－

127

(1,308)
(187)
30
23
－
(267)
121
67
25
(2,275)
(160)
1,320
(130)
657
6,223
195
(31)
(1,698)
4,689(1,173)
(217)
32
117
(210)
－
249
220
－
(428)
314
299
(201)
(686)
4,923
270
(32)
(2,210)
2,951

(297)
330
1,100
(126)
(3,726)

(290)
427
100
(102)
(3,978)

－

1,301

(709)
(752)
299
(100)

(881)
(1,559)
－
－

－

(38)

(293)
(4,276)(24)(5,046)

50
1,222
(620)
(26)

5
130
(489)
(26)

4

30

435
－
(492)

－
(47)
(1,127)

Fiscal 2021
(April 1, 2021
to March 31, 2022)
(11)
(17)

Dividends paid to non-controlling interests
Repayments of lease obligations
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Beginning balance of cash and cash equivalents
Ending balance of cash and cash equivalents

12(Millions of Yen)
Fiscal 2022
(April 1, 2022
to March 31, 2023)
(13)
(22)

－

(49)

543

(1,610)

(0)

1

956
26,73927,695(3,704)
27,69523,991

(5) Notes regarding Consolidated Financial Statements(Going Concern Assumptions)Not applicable.
(Segment Information, etc.)(Segment Information)
1. Description of Reportable Segments
The reportable segments of the Group are its constituent units for which separate financial information is available
and which are subject to periodic examination in order for the Board of Directors to determine the allocation ofmanagement resources and evaluate financial results.
The Group maintains two reportable segments with business activities undertaken primarily in the broadcasting andcontent as well as lifestyle business fields.
The broadcasting and content business comprises television and radio broadcasting activities as well as activities
related to various content, etc. The lifestyle business is made up of housing exhibition site operating activities, mailorder activities, golf club operating activities, etc.
2. Calculation Method of Measurements of Sales, Profit, Asset, Liability and Other Items for Each Reportable
Segment
The accounting treatment methods for reported business segments are generally the same as those for statements in“Significant Matters for the Preparation of Consolidated Financial Statements.”
Profit in the reportable segments is based on operating income. In addition, intersegment revenues or transfers are
based on prevailing market prices.

133. Explanation of Measurements of Sales, Profit, Asset, Liability and Other Items for Each Reportable Segment
Fiscal 2021 (April 1, 2021 to March 31, 2022)
Reportable Segment
Broadcasting andContent

Lifestyle

Total(Millions of Yen)
Amounts
Recorded on
Quarterly
Adjustments Consolidated(Note 1)
Statement of
Income(Note 2)

Sales
Revenues from externalcustomers
Transactions with othersegments

71,34813,751

85,100―85,100

416

599

1,016

(1,016)―

Total

71,765

14,35086,116(1,016)

85,100

Segment profit

3,654

874

4,528

(325)

4,203

Segment assets

73,69027,542

101,233

22,554

123,788

Other items
Depreciation and
2,636
609
3,246
―
3,246
amortization
Increase in property,
plant and equipment
7,142
1,325
8,468
―
8,468
and intangible assets
Notes:
1. Adjustments are outlined as follows:(1) The adjustment to transactions with other segments of negative ¥1,016 million represents the amount ofintersegment transaction elimination.
(2) The adjustment to segment profit of negative ¥325 million represents the elimination of intersegment
transactions of ¥8 million and the amount of expenses which do not belong to any reportable segment ofnegative ¥334 million, mainly regarding development of new business and market.
(3) The adjustment to segment assets of ¥22,554 million represents companywide assets which are notallocated to the reportable segments of ¥23,768 million and negative ¥1,214 million as the amount ofintersegment receivables and payables elimination.
Companywide assets are primarily cash and deposits and investment securities which do not belong to any
reportable segment.
2. Segment profit refers to operating income recorded on the consolidated statement of income.
3. Amortization and increases of long-term prepaid expenses are included in depreciation and amortization as wellas increase in property, plant and equipment and intangible assets.

14

Fiscal 2022 (April 1, 2022 to March 31, 2023)
Reportable Segment
Broadcasting andContent

Lifestyle

Total(Millions of Yen)
Amounts
Recorded on
Quarterly
Adjustments Consolidated(Note 1)
Statement of
Income(Note 2)

Sales
Revenues from externalcustomers
Transactions with othersegments

72,967

14,06187,028―87,028

441

487

929

(929)

―

Total

73,408

14,54987,958(929)

87,028Segment profit

2,602

433

3,036

(441)

2,594

Segment assets

71,66929,720101,389

20,915

122,305

Other items
Depreciation and
2,967
773
3,740
―
3,740
amortization
Increase in property,
plant and equipment
2,488
5,503
7,991
―
7,991
and intangible assets
Notes:
1. Adjustments are outlined as follows:(1) The adjustment to transactions with other segments of negative ¥929 million represents the amount ofintersegment transaction elimination.
(2) The adjustment to segment profit of negative ¥441 million represents the elimination of intersegment
transactions of ¥14 million and the amount of expenses which do not belong to any reportable segment ofnegative ¥456 million, mainly regarding development of new business and market.
(3) The adjustment to segment assets of ¥20,915 million represents companywide assets which are notallocated to the reportable segments of ¥22,139 million and negative ¥1,224 million as the amount ofintersegment receivables and payables elimination.
Companywide assets are primarily cash and deposits and investment securities which do not belong to any
reportable segment.
2. Segment profit refers to operating income recorded on the consolidated statement of income.
3. Amortization and increases of long-term prepaid expenses are included in depreciation and amortization as wellas increase in property, plant and equipment and intangible assets.

15

[Explanation of Impairment Loss on Non-Current Assets for Each Reportable Segment]
Fiscal 2021 (April 1, 2021 to March 31, 2022)(Millions of Yen)
Broadcasting
and Content
Impairment loss

Lifestyle88

Corporate andElimination

Total

280

Total

―

369

369

Fiscal 2022 (April 1, 2022 to March 31, 2023)(Millions of Yen)
Broadcasting
and Content
Impairment loss

Lifestyle249

Corporate andElimination

Total

241

Total

―

491

491

[Explanation of Amortization of Goodwill and Unamortized Balance for Each Reportable Segment]
Fiscal 2021 (April 1, 2021 to March 31, 2022)(Millions of Yen)
Broadcasting
and Content

Lifestyle

127

―

127

―

127

986

―

986

―

986

Amortization
during the period
Balance at the endof the period

Total

Corporate andElimination

Total

Fiscal 2022 (April 1, 2022 to March 31, 2023)(Millions of Yen)
Broadcasting
and Content

Lifestyle

114

―

114

―

114

955

―

955

―

955

Amortization
during the period
Balance at the endof the period

Total

Corporate andElimination

Total(Per Share Information)(Yen)
Fiscal 2021
(April 1, 2021
to March 31, 2022)
Net assets per share
Basic earnings per share

Fiscal 2022
(April 1, 2022
to March 31, 2023)

1,604.91

1,659.63

64.97

32.42

Notes:
1. Diluted earnings per share information has been omitted as there were no potential shares with a dilutive effect.
2. The basis for calculating basic earnings per share is presented as follows.
Fiscal 2021
(April 1, 2021
to March 31, 2022)

Fiscal 2022
(April 1, 2022
to March 31, 2023)

Basic earnings per share
Profit attributable to owners of parent(Millions of Yen)
Amount not attributable to common shareholders(Millions of Yen)
Profit attributable to owners of parent related tocommon stock (Millions of Yen)
Average number of common stock shares issued andoutstanding during the period (Thousands of Shares)

16

2,671

1,354

—

—

2,671

1,354

41,11541,768

3.

The basis for calculating net assets per share is presented as follows:
March 31, 2022

March 31, 2023

Total net assets (Millions of Yen)

70,49772,445

Amount excluded from total net assets(Millions of Yen)

3,522

3,186

(Non-controlling interests)(3,513)(3,177)

66,97569,25941,731

41,731

Net assets attributable to common stock as of the end of
the period (Millions of Yen)
Number of shares of common stock issued andoutstanding as of the end of the period calculated under
net assets per share (Thousands of Shares)(Significant Events after Reporting Period)
Not applicable.

4. Other Information(1) Changes to the Officers of the Company
Please refer to the “Notice of Changes in Personnel” announced on May 12, 2023. (Available in Japanese only.)

17