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 Three Months Ended June 30, 2024
(Based on Japanese GAAP)
July 31, 2024
Company name:
WOWOW INC.
Stock exchange listing: Tokyo
Stock code:
Representative:

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

Inquiries:

General Manager Corporate Management
DivisionMototaka Yamaguchi

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:–Yes

Holding of financial results meeting:

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 three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2024
Three months ended June 30, 2023

Millions of yen
18,79118,314

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
2.6
1,398 162.9
1,653 125.9
1,107 145.0(5.3)
531 (59.0)
732 (34.2)
451 (41.6)

Earnings per share

Diluted earnings per share

Yen
39.28
16.08

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024

Net assets

Millions of yen
97,25889,146Equity ratio

Millions of yen
68,38068,225%70.3
76.5

2. Cash dividends
Annual dividends per share

Year ended March 31, 2024
Year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
30.00

Yen
30.00

0.00

–

30.00

30.00

Year ending March 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
36,9000.80 (100.0)
500 (65.9)300 (58.4)
10.63
September 30, 2024
Full year
74,700(0.2)
700 (51.7)
1,500 (27.1)
1,000(8.5)
35.41

1

4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

28,844,400 shares As of March 31, 2024

28,844,400 shares

Number of treasury shares at the end of the period
As of June 30, 2024

659,970 shares As of March 31, 2024

659,970 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

28,184,430 shares Three months ended June 30, 2023

228,105,374 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade28,334
5,618

27,841
5,527

Merchandise and finished goods
Broadcasting licenses

17
18,44813
27,215Work in process
Supplies

38
46

70
57

Prepaid expenses
Other

1,531
1,611

1,946
1,674

Allowance for doubtful accounts

(112)

(115)

55,53464,232

4,144

4,062

3,883
1,568

3,631
1,487

304
45

205
43

9,947

9,431

5,011

5,011

Software
Other

3,343
876

3,217
853

Total intangible assets

9,231

9,082

Investments and other assets
Investment securities

3,570

3,420

Shares of subsidiaries and associates
Deferred tax assets

8,815
942

8,747
982

Leasehold and guarantee deposits
Other704
424

696
687

Allowance for doubtful accounts

(24)

(24)

Total investments and other assets

14,433

14,51033,612

33,02589,146

97,258

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, 2024

As of June 30, 2024

Liabilities
Current liabilities
Accounts payable - trade

12,255

20,246

Accounts payable - otherAccrued expenses

1,059
3,705

1,225
2,581

Income taxes payable
Provision for bonuses

257
60

612
28

Other

1,330

1,908

Total current liabilities

18,66926,603Retirement benefit liability
Other

1,877
374

1,913
360

Total non-current liabilities

2,251

2,273

20,92028,877

Shareholders' equity
Share capital

5,000

5,000

Capital surplus
Retained earnings

3,212
58,904

3,212
59,166

Treasury shares

(897)

(897)

66,21966,481

1,842
145

1,546
3351717

2,006

1,899

68,22568,38089,146

97,258Non-current liabilities

Total liabilities
Net assets

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans
Total 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)Three months ended

Three months ended

June 30, 2023

June 30, 2024

Net sales
Cost of sales

18,314
12,38818,791
12,030Gross profit

5,925

6,760

Selling, general and administrative expenses

5,393

5,362

531

1,398

Interest income
Dividend income

2334

1340

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

6859

145
85

Operating profit
Non-operating income

Other

25

18

Total non-operating income

212

303

Commission expenses
Guarantee commission

6433
11

Other

03

Non-operating expenses

Total non-operating expenses1148732

1,653

Extraordinary income
Gain on sale of non-current assets

0–

Total extraordinary income0–

04

70

–

Ordinary profit

Extraordinary losses
Loss on retirement of non-current assets
Impairment losses

70

4Profit before income taxes

Total extraordinary losses

661

1,649

Income taxes - current

238597

Income taxes - deferred(29)(55)

Total income taxes

209542

Profit451

1,107Profit attributable to owners of parent

451

1,107

5

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

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2023

June 30, 2024
451

1,107

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

381
(29)

(296)
181

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

(0)

(0)

(8)

9343

(106)

Comprehensive income

795

1,000

Comprehensive income attributable toComprehensive income attributable to owners of parent

795

1,000

for using equity method
Total other comprehensive income6