Chapter 7

Business Results and Company Information

Analysis of Financial Position and Business Results (MD&A)[Business Results]

Figure 1 Net sales

Performance Highlights(Billions of yen)

During FY2020, the Japanese economy experienced a significant impact from the COVID-19 pandemic worldwide, andbusiness conditions deteriorated rapidly after the declarationof a state of emergency in April. After the declaration was
lifted in May, the economy showed some signs of recovery
supported by the Japanese government’s financial measures.
However, the infection spread again in January, and the stateof emergency has been declared several times since then,thus the outlook still remains uncertain.
Under such circumstances, total advertising expendituresin Japan amounted to ¥6,159.4 billion (down 11.2% year onyear), marking the first negative growth in nine years since2011, the year of the Great East Japan Earthquake (basedon “Japan’s advertising expenditures for calendar 2020,”
released by Dentsu). Of which, terrestrial TV advertising expenditures accounted for ¥1,538.6 billion (down 11.3% year
on year), satellite media-related expenditures accounted for¥117.3 billion (down 7.4% year on year), and radio advertising expenditures accounted for ¥106.6 billion (down 15.4%（単位入ル）
year on year). On the other hand, online advertising expenditures increased from the previous year to ¥2,229 billion (up20,0005.9% year on year).
The TV advertising market remained very challenging,
15,000with spot advertising expenditures in the Kanto region at a
10,000
year-on-year rate of 86.4%.
Against this backdrop, the TBS Group’s consolidated net
sales for FY2020 ( Figure 1 ) totaled ¥325.682 billion (down 8.7%5,000
year on year) due to a significant decrease in time and spot
commercial sales revenue. In addition, the infection spread 0of COVID-19 has led to the cancellation, postponement, andrestricted admission of events, resulting in a decrease in box
office sales.
Operating expenses (sum of cost of sales and selling,
general and administrative expenses) totaled ¥314.840 billion (down 8.4% year on year) due to a reactionary decline
in production costs and broadcasting rights fees related to
one-off major sports events in the previous fiscal year and a（単位入ル）
decrease in advertising agency commissions.
As a result, operating profit ( Figure 2 ) reached ¥10.841
20,000billion (down 17.3% year on year). Ordinary income totaled¥19.233 billion (down 9.6% year on year), mainly due to a
15,000decrease of dividends received, and net income attributableto owners of parent ( Figure 3 ) totaled ¥28.072 billion (down
10,0007.0% year on year), mainly due to a gain on sales of investment securities as extraordinary income.
5,000

0

64

TBS Group Integrated Report 2021

380

360

361.9

366.3
356.7

355.3

340
325.6
320

0

/3
17
20

/3
18
20

/3
19
20

/3
20
20

/3
21
20

Figure 2 Operating profit/
Ratio of operating profit to net sales
Operating profit

5.6(Billions of yen)

5.2

25
20

19.8

18.8

5.1

18.5

15

(%)

5.0
3.7
13.1

10

3.3

4.0
3.0

10.8

2.0
1.0

5
0

Ratio

/3
17
20

/3
18
20

/3
19
20

/3
20
20

/3
21
20

0.0

Figure 3 Net income attributable to owners of parent/
Ratio of net income to net sales
Net income attributable to owners of parent(Billions of yen)

(%)

40

8.5
32
24

0

8.6

4.5

6.0

4.7
25.2

16.1

17.1

/3
17
20

/3
18
20

10.0
8.0

6.9

16
8

Ratio

30.1

28.0

4.0
2.0

/3
19
20

/3
20
20

/3
21
20

Performance by Segment
Net sales of BS-TBS, INC. for FY2020 decreased ¥1.475
billion to ¥15.374 billion (down 8.8% year on year) due to◆ Media Content Business Segment
The Media Content Business segment reported net sales ofa decline in one-off sports event programs impacted by the¥253.778 billion (down 6.1% year on year) and operating
spread of COVID-19 and sluggish regular sales.
profit of ¥2.881 billion (up 19.6% year on year) in FY2020
Net sales of TBS RADIO, Inc. for FY2020 decreased ¥1.074( Figure 4 ).
billion to ¥8.492 billion (down 11.2% year on year) in the
midst of a difficult radio advertising market.
Net sales in the Television division of TOKYO BROADIn terms of expenses, in addition to a significant decrease
CASTING SYSTEM TELEVISION, INC. for FY2020 decreased
in production costs due to the cancellation or postponement¥13.936 billion to ¥168.147 billion (down 7.7% year on year).
of program recordings as a result of the spread of COVID-19,
Of these, time sales revenue totaled ¥78.467 billion (downthe business division also saw a decrease in expenses due to
10.0% year on year), spot sales revenue totaled ¥69.879 bilthe cancellation of events and performances.
lion (down 11.9% year on year), and content sales revenue,
As a result, operating profit ( Figure 4 ) in the segment
which advertising revenue earned through domestic broadincreased ¥471 million to ¥2.881 billion (up 19.6% year on
cast syndication and free video streaming, totaled ¥15.870year).
billion (up 45.7% year on year). In terms of time revenue,
in addition to the reaction to “IAAF World Championships
Doha 2019” in the previous year, sales declined significantly
Share of consolidated net sales by segment (FY2020)
due to a series of cancellations and postponements of largescale one-off events, mainly sports programs, led by the(Billions of yen)
postponement of “Tokyo 2020 Olympic Games” due to the
spread of COVID-19, as well as sluggish regular sales. In the（単位入ル） Real Estate and Other Business15.9
spot advertising market, the share of five stations increased
5％
20,000
to 19.7% (up 0.4 points year on year), but the market conditions remained harsh, as advertisers in the Kanto area
17％
15,000dropped 13.6% from the previous year, resulting in a yearLifestyle Businesson-year decline. Content revenue saw a significant increase 10,000
Media
55.9
Content
in both free and paid video streaming, capturing the deBusiness78％
mand for “stay-at-home” that has increased due to changes 5,000
253.7
in lifestyles since the declaration of a state of emergency.
0
Net sales in the business division of TOKYO BROADCASTING SYSTEM TELEVISION, INC. for FY2020 decreased ¥6.862
billion to ¥18.441 billion (down 27.1% year on year).
For events, concerts and stage performances, sales decreased significantly due to continued admission restrictions
Figure 4 Net sales/Operating profit by segment
as a measure against the spread of COVID-19 even after the(Media Content Business)declaration was lifted. In the film business, Threads - Our
Net sales to external customers
Operating profit
Tapestry of Love and the Hinatazaka46 documentary Movie:
Debut after 3 years had a long run, but the sales fell short(Billionsofyen)(Billions of yen)
（単位入ル）
9.0
290
of the revenue scale compared to the year-ago period. In
7.8
the overseas business, although there were some signs of im20,000
280
7.2
provement in market conditions, mainly in the Asian market,
sales dropped as market conditions remained severe.
15,000270
5.4
In the media business, sales increased in the CS businessthanks to improved channel unit prices from various plat10,000
3.6
260
278.1
2.8
forms, but, overall sales decreased due to the transfer of the
2.4
5,000
streaming business to the Television division. The licensing
250
1.8
270.2
business recorded an increase in sales thanks to strong de253.7
mand for shopping programs and DVDs, and hit products 000related to high-rating dramas such as MIU404.
/3
0/3
9/3
21
1
20

2
20

20

0.0

TBS Group Integrated Report 2021

65

Chapter 7

Business Results and Company Information

Analysis of Financial Position and Business Results (MD&A)◆ Lifestyle Business Segment
The Lifestyle Business segment reported net sales of ¥55.983
billion (down 20.0% year on year) and operating profit of¥281 million (down 89.8% year on year) in FY2020 ( Figure 5 ).
（単位入ル）
StylingLife Group saw increases in both sales and profit
in the mail-order business LightUp Shopping Club Inc. thanks
20,000to the expansion of demand for stay-at-home. However,both sales and profits decreased significantly due to the sig15,000
nificant impact of temporary closures and shortened business hours at stores in the core retail business, PLAZASTYLE
10,000
COMPANY.
5,000◆ Real Estate and Other Business Segment
The Real Estate and Other Business segment reported net
sales of ¥15.920 billion (down 3.6% year on year), and operating profit of ¥7.679 billion (down 3.3% year on year) in
FY2020 ( Figure 6 ).
Looking at income, sales decreased due to a drop in
the occupancy of Akasaka Biz Tower caused by the infection spread of COVID-19. As for expenses, profit decreased
although expenses remained under control by shortening
business hours.

0[Financial Position]

Figure 5 Net sales/Operating profit by segment(Lifestyle Business)
Net sales to external customers

Operating profit(Billions of yen)

75

(Billions of yen)

2.8

3.0

2.7

70

2.4

65

1.8

60

71.8

70.0

55
0

1.2
0.6

0.2
/3
19
20

/3
20
20

55.9

0

/3
21
20

Figure 6 Net sales/Operating profit by segment(Real Estate and Other Business)
Net sales to external customers（単位入ル）
20,00015,00010,0005,000
0Operating profit(Billions of yen)(Billions of yen)

17.0

16.5

7.8

7.7
7.6

16.0
15.5

16.2

16.5

/3
19
20

/3
20
20

7.6
7.4

15.9

15.0
0

8.0

7.9

/3
21
20

7.2
0

Figure 7 Total assets/Net assets

Total assets at the end of FY2020 ( Figure 7 ) stood at ¥1,100.223
billion, an increase of ¥317.199 billion compared to the endof FY2019. Factors were that cash and deposits increased by¥30.702 billion, property, plant and equipment increased by¥21.213 billion mainly due to an increase in land, while investment securities increased by ¥266.615 billion mainly due
to an increase in unrealized gains on shares held.
Total liabilities stood at ¥305.338 billion, an increase of¥114.245 billion compared to the end of FY2019. Factors
were that income taxes payable increased by ¥5.891 billion,
long-term loans payable (including the current portion)
increased by ¥25.8 billion due to the financing and repayment of borrowings, and deferred tax liabilities increased by¥83.731 billion due to an increase in the fair value of shares
held, while accounts payable decreased by ¥2.071 billion.
Total net assets stood at ¥794.884 billion, an increaseof ¥202.953 billion compared to the end of FY2019. Factors
were that retained earnings increased by ¥22.572 billion because of the recording of net income attributable to owners（単位入ル）of parent and payment of dividends as well as valuation difference on available-for-sale securities increased by ¥182.609
20,000billion.
15,000As a result, the equity ratio ( Figure 8 ) reached 71.0%, andnet assets per share equaled ¥4,575.61.

Total assets

1,200

800

600.9

517.4

794.8

783.0

601.2

591.9

200
0

/3
17
20

/3
18
20

/3
19
20

/3
20
20

/3
21
20

Figure 8 Equity ratio
(%)

75

73.9

74
73.2

73
72
71

0

0

Cash Flows from Operating Activities
Net cash provided by operating activities ( Figure 9 ) stood at¥22.713 billion (compared to ¥21.406 billion provided in theprevious fiscal year). Positive factors included income before
income taxes of ¥44.176 billion, depreciation of ¥14.751
billion, and interest and dividend income of ¥8.872 billion,
while negative factors included gain on sales of investment（単位入ル）
securities of ¥29.751 billion and income taxes paid of ¥14.062
billion.
20,000

71.1

71.2

/3
17
20

/3
18
20

71.0

/3
19
20

/3
20
20

/3
21
20

Figure 9 Cash flows from each activity
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities(Billions of yen)

40
30
20

15,00010

10,000-10

0

TBS Group Integrated Report 2021

798.4

400

5,000

66

821.7
707.0

600

5,000

Cash and cash equivalents at the end of FY2020 totaled¥116.061 billion, an increase of ¥31.002 billion compared tothe end of FY2019. Each cash flow and their factors were as
follows:

1,100.2

1,000

10,000[Cash Flows]

Total net assets(Billions of yen)

0
-20
-30

36.4

35.5

-10.0

-14.0

-36.7

35.2

-21.5

-7.7

/3
17
20

16.8

21.4

22.7

-14.2

-8.6

-24.3

-40
-50

5.9

/3
18
20

/3
19
20

/3
20
20

/3
21
20

TBS Group Integrated Report 2021

67

Chapter 7

Business Results and Company Information

Analysis of Financial Position and Business Results (MD&A)[Capital Expenditures]

Cash Flows from Investing Activities
Net cash used in investing activities ( Figure 9 ) stood at ¥8.618
billion (compared to ¥5.962 billion provided in the previous
fiscal year). Major factors included proceeds from sales ofinvestment securities of ¥33.05 billion, purchase of property, plant and equipment of ¥38.814 billion, and purchase ofshares in subsidiaries and associates of ¥3.026 billion.

Capital expenditures for FY2020 ( Figure 10 ) which include intangible assets but exclude asset retirement obligations, totaled¥39.946 billion. Capital expenditures by reportable segment
were as follows:◆ Media Content Business
Capital expenditures totaled ¥6.481 billion.
Major items included ¥2.243 billion in broadcasting
equipment for TBS Broadcast Center, including studio equipment for TBS Television, ¥600 million in shopping systemconstruction for TBS GLOWDIA, Inc., and renewal of othergeneral facilities.
There was no disposal or sale of important facilities in
FY2020.

Cash Flows from Financing Activities
Net cash provided by financing activities ( Figure 9 ) stood at¥16.898 billion (compared to ¥14.202 billion used in the previous fiscal year). Major factors included proceeds from longterm loans payable of ¥27 billion, repayment of long-termloans payable of ¥1.2 billion, purchase of treasury shares of¥2.605 billion, and cash dividends paid of ¥5.491 billion.

◆Lifestyle Business
Capital expenditures totaled ¥480 million.
Major items included ¥362 million for store facilities of
PLAZASTYLE COMPANY, and renewal of other general facilities.
There was no a disposal or sale of important facilities in
FY2020.

◆Lifestyle BusinessWe endeavor to research ideal skincare for modern women,plan new product concepts from the perspective of consumer
needs, marketability, and differentiation from competitors,
and develop unique products based on the planned productconcepts. As for basic research, we are primarily engaged in
the development of new raw materials. We also conduct joint
research with external research organizations to ensure theeffective application of advanced research.
R&D expenses totaled ¥141 million.

◆Real Estate and Other Business
Capital expenditures totaled ¥32.984 billion.
Major items include ¥29.61 billion related to TBS’s Akasaka Entertainment City Plan, ¥2.003 billion for the renewal
of TBS Broadcast Center access equipment, and renewal ofother general facilities.
There was no disposal or sale of important facilities in
FY2020.

◆Real Estate and Other Business
There was no specific research and development activity.

R&D expenses by segment[Financing]
Cash flows from operating activities for FY2020 exceededthat of the previous year by ¥1.3 billion, with ¥33 billion inproceeds from sales of investment securities and ¥27 billion
in proceeds from long-term loans payable. In addition, cashon hand increased by ¥31 billion due to the posting of ¥38.8（単位入ル）
billion in purchase of property, plant and equipment. Shortterm capital expenditures and strategic investments are now20,000
expected to be financed by cash on hand and full-year operating cash flows.
15,00010,0005,000
068TBS Group Integrated Report 2021

[Research & Development]

Figure 10 Capital expenditures by segment

Lifestyle BusinessMedia Content Business
Lifestyle Business（％）
Real Estate and Other Business(Billions of yen)

45

36
27

32.9

18
10.9
9
0

1.0
7.9

6.4

/3
20
20

/3
21
20

Media Content Business

0.4

The TBS Group devotes its lifework to providing high-quality（単位入ル）and diverse services to the people over the public airwaves.
In addition, we are researching and developing new program
20,000production, transmission, and broadcasting technologies tocontribute to the practical use of next-generation digital15,000
broadcasting.
The R&D activities by reportable segment for FY202010,000
were as follows:◆Media Content BusinessOur main R&D activities include developing (1) a remote presence system using a conference system development framework, (2) a 3D/CG system and viewing web application using
aerial photogrammetry, and (3) a live broadcasting subtitlingsystem using voice recognition AI technology and touch panel operation. As for (1) in particular, the system provides real-time and highly flexible production for remote presence
on programs. As such, we expect that it will be of great use
in the future as a new type of entertainment solution for theWith and Post COVID-19 era.
R&D expenses totaled ¥43 million.

5,000
0

（％）

(Millions of yen)

250

200
150

153
141

100
50
0

74
/3
20
20

43
/3
21
20

TBS Group Integrated Report 2021

69

Chapter 7

Business Results and Company Information

Financial and Non-Financial Data for the Past 10 Years
Millions of yen

2012/3

2013/3

2014/3

2016/3

2015/32017/3

2018/3

2019/32020/32021/3

Consolidated Financial Data
Fiscal Year:346,538
102,451
90,288
12,162
14,313
11,671
30,072(5,731)(16,993)
24,341

352,351
107,164
90,975
16,18817,671
9,173
28,156(13,649)(25,475)
14,507354,338
108,839
93,142
15,69618,096
9,644
23,038(11,326)(23,567)
11,712

347,817106,665
90,936
15,72818,915
12,811
27,851(2,326)(25,242)
25,525348,539
107,072
89,893
17,17922,67814,49732,337(8,956)(5,326)23,381

355,363
113,296
93,417
19,87826,207
16,13636,485(10,078)(36,718)
26,407361,954
113,750
94,94918,80026,923
17,18235,536(14,028)(7,730)21,508366,353
115,728
97,156
18,572
28,83525,20535,215(21,588)(24,387)
13,627356,796
107,008
93,904
13,103
21,27430,174
21,406
5,962(14,202)27,368

325,682
95,41884,576
10,841
19,23328,072
22,713(8,618)16,89814,095555,159
146,368
78,801
408,790
232,561
95,156
137,405
322,597559,626
139,130
68,031
420,496
215,152
96,090119,062
344,473

579,039
130,262
56,312448,777
193,068
83,117
109,951
385,971653,732
131,127
56,728522,604
197,61363,072
134,541
456,118

649,970
149,478
74,734500,492
191,762
95,27896,483458,208

707,063
145,479
67,391
561,583
189,633
77,231
112,402517,430

821,737
155,660
81,129666,076
220,786
93,382
127,403
600,950

798,481
144,192
72,033654,289
197,189
80,099117,090
601,291

783,024
158,800
85,059624,223
191,093
81,021110,072
591,931

1,100,223
190,053
116,061
910,170
305,338
86,176219,162
794,884

1.1
57.8
3.5
3.4
3.6
2.5
55.5
0.6
16.5
20.1

1.7
33.1
4.6
2.6
2.9
3.2
58.7
0.6
23.4
29.9

0.6
(3.0)
4.4
2.7
2.8
3.2
63.3
0.6
19.5
31.0

(1.8)
0.2
4.5
3.7
3.2
3.1
66.7
0.5
19.2
27.8

0.2
9.2
4.9
4.2
3.3
3.5
68.3
0.5
21.0
30.1

2.0
15.7
5.6
4.5
3.4
3.9
71.1
0.5
21.5
30.3

1.9
(5.4)
5.2
4.7
3.2
3.5
71.2
0.5
22.9
30.5

1.2
(1.2)
5.1
6.9
4.3
3.6
73.2
0.5
14.0
22.9

(2.6)
(29.4)
3.7
8.5
5.2
2.7
73.9
0.5
8.7
17.2

(8.7)
(17.3)
3.3
8.6
4.1
2.0
71.0
0.4
13.2
18.3

15.00
74.71
2,025.89

18.00
60.27
2,158.00

19.00
61.22
2,263.65

22.00
79.12
2,689.56

25.00
83.12
2,545.60

28.00
92.46
2,878.29

30.00
98.38
3,349.52

33.00
144.31
3,347.03

30.00
173.283,356.30

30.00
164.32
4,575.61

5,271
27,242
4,554
14.3
71.6
102,090
118,840
ー
ー
9.9

5,234
26,952
4,844
15.2
73.7
100,392
109,322
ー
ー
9.7

5,634
26,019
5,777
18.2
72.7
103,508
115,897
ー
ー
10.2

5,585
25,336
6,460
20.3
72.2
98,972102,169
ー
ー
10.1

5,641
24,525
7,271
22.9
67.5
97,322
106,967
ー
ー
10.4

5,610
24,123
7,673
24.1
67.8
80,258102,376
ー
ー
11.2

5,552
23,235
8,561
26.9
70.7
73,55896,064
ー
ー
11.4

6,090
21,916
9,880
31.1
68.4
73,84099,032
7.5
100.0
12.5

6,155
20,054
11,74236.9
71.3
74,75996,254
18.2
100.0
13.2

6,134
18,267
13,52942.5
72.3
53,85575,526

Net sales
Gross profit
Selling, general and administrative expenses
Operating profit
Ordinary income
Net income attributable to owners of parent
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Free cash flows
At year-end:
Total assets
Current assets
Cash and cash equivalents at end of period
Non-current assets
Liability
Current liabilities
Non-current liabilities
Net assets
Key Performance Indicators (%)
Net sales growth rate
Operating profit growth rate
Ratio of operating profit to net sales
Net income attributable to owners of parent
ROE
ROA
Equity ratio
Total assets turnover
PER
Payout ratio
Per Share Data (yen)Annual dividend per share
EPS
BPS

Non-financial Data
Number of employees (Year-end)
CO2 emissions (tons)*
CO2 reduction (tons)*
CO2 reduction rate (%)*
Recycling rate (%)*
Tap water usage (m3)*Groundwater usage (m3)*Percentage of male employees taking childcare leave (%)**
Percentage of female employees taking childcare leave (%)**
Ratio of female managers (%)***

13.5*Only in TBS Broadcast Center (Broadcast Center + Cultural Facilities Building)** TBS HOLDINGS, INC. + TOKYO BROADCASTING SYSTEM TELEVISION, INC.
*** As of February 1, TOKYO BROADCASTING SYSTEM TELEVISION, INC.

70

TBS Group Integrated Report 2021

TBS Group Integrated Report 2021

71

Chapter 7

Business Results and Company Information

Company and Investor Information
Company Profile (as of March 31, 2021)

Stock Information
Major Shareholders (March 31, 2021)

Name

TBS HOLDINGS, INC.

Date EstablishedMay 1951

Head Office

5-3-6 Akasaka, Minato-ku, Tokyo 107-8006 Japan(+81) 3-3746-1111 (main)

Number of Employees(consolidated)

6,134

Number of Shares Held(thousand)

Percentage (%)*

The Master Trust Bank of Japan, Ltd.

21,369

12.51

Custody Bank of Japan, Ltd.

15,3849.00

MBS Media Holdings, Inc.

8,848

5.18

Mitsui Fudosan Co., Ltd.

5,713

3.34

NTT DOCOMO, INC.

5,713

3.34

Nippon Life Insurance Company (Standing agent: The Master Trust Bank of Japan, Ltd.)

5,006

2.93

Mitsui Fudosan Co., Ltd. (Standing agent: Custody Bank of Japan, Ltd.)

4,288

2.51

BIC CAMERA INC.

4,190

2.45

Panasonic Corporation

3,813

2.23

Kodansha Ltd.

3,771

2.20

Shareholder Name

Total Number of Shares Issued 174,709,837 shares (including treasury stock)
Minimum

100 Shares

Number of Shareholders

10,789

ListingFirst Section of Tokyo Stock Exchange

Closing Date

March 31

Ordinary General Meeting of
Shareholders

Held in June

Administrator of
Shareholders’ Registry

Mitsubishi UFJ Trust and Banking Corporation

Capital¥ 54,986,892,896

Securities Code

9401

URL

https://www.tbsholdings.co.jp/en/

Accounting Auditor

KPMG AZSA LLC*Percentage of shares held to total number of shares issued (excluding treasury stock)

Percentage of Shares Held
● Individuals/Others
6.41%● Domestic financial institutions
27.81%● Foreign companies, etc.

14.28%

External Assessments

Number ofshareholders

10,789AwardsPrograms and Services

Name of Award
Progress and Development Award, Institute of Image Information and Television Engineers● Financial instruments business operator

1.53%● Other companies

49.97%

Technical Development Award, Motion Picture and Television Engineering Society of Japan
Mojiko (Transcription web editor)

Minister of Economy, Trade and Industry Award; Motion Picture and Television Engineering
Society of Japan Award
2020 Information Technology Award (Management Area)

72

Trends in Share Price (yen)The 61st Japan Record Awards, Staging with LiDAR Sensors

Content Technology Award, Institute of Image Information and Television Engineers

3,000

Development of the TBS MEDIABOX System

Technology Committee, Japan Commercial Broadcasters Association Award for excellence
program

2,500

Harusuke (Digital signage software)2020 Information Technology Award (Collaboration Area)

2,000News documentary, SCRATCH: Discrimination in the Heisei era(TBS Radio, RKB Mainichi Broadcasting System)

Special Jury Award, Asia-Pacific Broadcasting Union (ABU)

1,500

Branding Initiatives at TBS

Japan Branding Awards 2020 Winners

1,000

Sunday Theater, NAOKI HANZAWA

AMD Award, Association of Media in Digital, AMD Chairman Award

Mojipa(Real-time subtitle broadcasting using voice recognition AI)

Content Technology Award, Institute of Image Information and Television Engineers

Senrigan (Video Preview System from Outside)

Progress and Development Award, Institute of Image Information and Television Engineers

JAPAN NEWS NETWORK, 40 Years of History and the Future

Press Activity Division Committee, The Galaxy Grand Prix for the best program

Friday Drama, Story of My Family (TBS Television, TBS SPARKLE, Inc.)

TV Division Committee, Galaxy Awards for outstanding programs

Friday Drama, MIU404 (TBS Television, TBS SPARKLE, Inc.)

TV Division Committee, Galaxy Awards for programs highly recommended

TBS Group Integrated Report 2021

500
0

2016

2017

2016

2018

2017

2019

2018

2020

2019

(FY)

2020

Total shareholder return (%)

115.6

132.7

121.4

93.2

133.2

Max. (yen)

2,106

2,920

2,573

2,183

2,470

Min. (yen)

1,265

1,825

1,612

1,232

1,390

TBS Group Integrated Report 2021

73