Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
January 31, 2024
Company name:
WOWOW INC.
Stock exchange listing: Tokyo
Stock code:
Representative:

4839
URL https://corporate.wowow.co.jp
Representative Director, President & CEO
Akira Tanaka

Inquiries:

General Manager Corporate ManagementDivisionMototaka Yamaguchi

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

February 14, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
Yes

TEL

03-4330-8080(for institutional investors, analysts and the press)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2023
55,334(4.0)
2,424 (41.3)
2,983 (28.6)
1,757 (37.4)
Nine months ended December 31, 2022
57,633(3.3)
4,131 (11.9)
4,181 (15.5)
2,807 (20.2)
Earnings per share

Diluted earnings per share

Yen
62.45
97.88

Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
92,814
97,046

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
67,836
66,828

%
73.1
68.9

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
0.00
0.00

Yen––

Yen
50.00

Yen
50.00

30.00

30.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Net sales
Full year

Millions of yen
75,500Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen(2.1)
900 (72.1)
1,600 (54.9)
700 (70.8)
24.86

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

28,844,400 shares As of March 31, 2023

28,844,400 shares

Number of treasury shares at the end of the period
As of December 31, 2023

657,992 shares As of March 31, 2023

739,026 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

28,148,690 shares Nine months ended December 31, 2022

228,686,117 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023Assets
Current assets
Cash and deposits
Accounts receivable - trade

28,6836,481

29,621
5,519

Merchandise and finished goods
Broadcasting licenses

525,611

14
20,950Work in process
Supplies

4657

5153

Prepaid expenses
Other

1,001
3,159

1,167
2,706

(64)

(43)

64,98060,040

4,358

4,121

4,976
1,724

4,140
1,515

88
28

149
50

11,176

9,977

5,011

5,011

Software
Other

2,975
127

3,262
900

Total intangible assets

8,115

9,174

Investments and other assets
Investment securities

2,262

2,895

Shares of subsidiaries and associates
Deferred tax assets

7,780
1,766

8,278
1,364

Leasehold and guarantee deposits
Other792
196

711
397

Allowance for doubtful accounts

(24)

(24)

Total investments and other assets

12,774

13,622

32,06532,774

97,046

92,814

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery and equipment, netTools, furniture and fixtures, net
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Leasehold interests in land

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2023

As of December 31, 2023

Liabilities
Current liabilities
Accounts payable - trade21,314

16,191

Accounts payable - otherAccrued expenses

1,704
3,745

1,278
3,136

Income taxes payable
Provisions

120
55

677
62

Other

1,342

1,263

Total current liabilities

28,282

22,609Retirement benefit liability
Other

1,854
80

1,972
396

Total non-current liabilities

1,935

2,369

30,21824,978

Shareholders' equity
Share capital

5,000

5,000

Capital surplus
Retained earnings

3,23059,217

3,212
59,570Treasury shares(1,008)(897)

Total shareholders' equity

66,44066,885

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

316
42938
(13)

Remeasurements of defined benefit plans

2926

Total accumulated other comprehensive income

387

950

66,82867,836

97,046

92,814Non-current liabilities

Total liabilities
Net assets

Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

Net sales
Cost of sales

57,63336,97755,33436,342Gross profit

20,65618,992

Selling, general and administrative expenses

16,525

16,568Operating profit

4,131

2,424

Interest income
Dividend income

14444556

Foreign exchange gains
Share of profit of entities accounted for using equity method

–169

264
170

Subsidy income
Other2721

2639

Total non-operating income

278

601

Non-operating income

Non-operating expenses
Interest expenses

–

120
187

20–

Other2120

Total non-operating expenses

228

41

Commission expenses
Foreign exchange losses

Ordinary profit

4,181

2,983

Extraordinary income
Gain on sale of non-current assets

00

Total extraordinary income

00

815–
–

70
101

Extraordinary losses
Loss on retirement of non-current assets
Impairment losses
Loss on valuation of investment securities

8187

Profit before income taxes

Total extraordinary losses

4,173

2,797

Income taxes - current
Income taxes - deferred

828
536851187Total income taxes

1,365

1,039

Profit

2,807

1,757

Profit attributable to owners of parent

2,807

1,757

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

2,807

1,757

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

(96)
(62)

621
(61)

Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted

(2)

(2)

494

(111)562

Comprehensive income

2,696

2,320

Comprehensive income attributable toComprehensive income attributable to owners of parent

2,696

2,320

for using equity method
Total other comprehensive income

6