Financial Results Materials for the First Quarter of Fiscal 2026 | TBS HOLDINGS,INC. (9401) timely disclosure

Worth reading

59In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

5000

¥ million (reduction from the previous full-year revenue forecast)

Wording

Avoiding a definitive answer

How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ended March 202611 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥105,419 million+4.8%

Operating profit¥4,622 million-43.0%

Ordinary income¥12,810 million-19.0%

Net income¥14,490 million-18.2%

Results for the three months of the current quarterConsolidated revenue of ¥105,419 million, operating income of ¥4,622 million, ordinary income of ¥12,810 million, and net income attributable to owners of the parent of ¥14,490 million. All figures are for the first quarter alone.

Full-year earnings forecast

Net Sales

¥435,000 million

Operating profit

¥23,000 million

Ordinary income

¥38,000 million

Profit attributable to owners of the parent

¥48,500 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Media and Content net sales

THE SEVEN3,841

WACUL647

Media & Content Operating Income

TBS GLOWDIA392

TC Entertainment256

TBS Television-3,931

Lifestyle revenue

StylingLife Group300

Yaruki Switch Group236

Lifestyle operating income

StylingLife Group-737

Yaruki Switch Group-151

Real Estate and Other operating income

TBS HD1,015

Akasaka Netsu Kyokyu-97

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Assumptions include heightened tensions in the Middle East, uncertainty over the outlook for the global economy, advertisers' cautious approach to placing advertisements, and TBS Television's spot advertising revenue remaining below the previous forecast. Numerical assumptions: Not disclosed.

New initiatives

Establishment of e6 LLC, a jointly funded company with NTT Corporation, scheduled for 8 August 2026
Development of experiential AI content, games, apps, card games and other products using intellectual property
Establishment of a new Music and Entertainment division
Content development with overseas partners and global projects
Film adaptation of the Netflix series The Seven Deadly Sins of Kujo

Key KPIsA metric the company considers important as a management benchmark.

LTV4-59 all-day individual viewer rating (TBS)1.8 %
Year on year against the same period last year+0.1 percentage points year on year
LTV4-59 primetime individual viewer rating (TBS)3.7 %
Year on year against the same period last year+0.1 percentage points year on year
Total views25,910 10,000 plays
Year on year against the same period last year+8.2%
UB count2,170 10,000 UB
Year on year against the same period last year+0.3%
Total viewing time11,380 10,000 hours
Year on year against the same period last year+0.3%
VIVANT Season 2 premiere views875 10,000 plays
Total visitors to The World of Pixar exhibition62 10,000 people

Segment results

Media and Content

Net Sales

¥78,213 million+5.5%

Operating profit

¥2,557 million-57.3%

Lifestyle

Net Sales

¥22,868 million+2.4%

Operating profit

¥-757 million

Real Estate and Other

Net Sales

¥4,337 million+3.3%

Operating profit

¥2,823 million+41.5%

Medium-term management plan targets

Under Medium-Term Management Plan 2026, a dividend payout ratio of approximately 40%.

Market Size / Share

VIVANT Season 2 ranked first in premiere views on TVer, while The Seven Deadly Sins of Kujo ranked second among Japanese live-action productions viewed on Netflix in the first half of 2026. Market size data: Not disclosed.

Capital expenditures

¥8,041 million

Annual Dividend

Annual¥100 per share

Interim¥50 per share

End of period¥50 per share

Payout ratio

31.6 %

TargetTarget consolidated dividend payout ratio of approximately 40%

Acquisition of treasury shares

Maximum number of shares to be acquired6,500,000

Maximum acquisition amount36,000,000,000

Amount unit¥

Period15 May 2026 to 26 February 2027

Number of shares acquired as of the end of July 20263,430,000

Acquisition cost as of the end of July 202621,182,627,000

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First quarter of the fiscal year ended March 2026
Net Sales	¥105,419 million (YoY +4.8%)
Operating profit	¥4,622 million (YoY -43.0%)
Ordinary income	¥12,810 million (YoY -19.0%)
Net income	¥14,490 million (YoY -18.2%)
Results for the three months of the current quarter	Consolidated revenue of ¥105,419 million, operating income of ¥4,622 million, ordinary income of ¥12,810 million, and net income attributable to owners of the parent of ¥14,490 million. All figures are for the first quarter alone.
Full-year earnings forecast	Net Sales ¥435,000 million / Operating profit ¥23,000 million / Ordinary income ¥38,000 million / Profit attributable to owners of the parent ¥48,500 million
Segment results	Media and Content Net Sales ¥78,213 million (YoY +5.5%) / Operating profit ¥2,557 million (YoY -57.3%) / Lifestyle Net Sales ¥22,868 million (YoY +2.4%) / Operating profit ¥-757 million / Real Estate and Other Net Sales ¥4,337 million (YoY +3.3%) / Operating profit ¥2,823 million (YoY +41.5%)
Breakdown of Factors Affecting the Change	Media and Content net sales THE SEVEN 3,841 / WACUL 647 / Media & Content Operating Income TBS GLOWDIA 392 / TC Entertainment 256 / TBS Television -3,931 / Lifestyle revenue StylingLife Group 300 / Yaruki Switch Group 236 / Lifestyle operating income StylingLife Group -737 / Yaruki Switch Group -151 / Real Estate and Other operating income TBS HD 1,015 / Akasaka Netsu Kyokyu -97
Key KPIs	Indicator name LTV4-59 all-day individual viewer rating (TBS) / Value 1.8 % / Year on year against the same period last year +0.1 percentage points year on year, Indicator name LTV4-59 primetime individual viewer rating (TBS) / Value 3.7 % / Year on year against the same period last year +0.1 percentage points year on year, Indicator name Total views / Value 25,910 10,000 plays / Year on year against the same period last year +8.2%, Indicator name UB count / Value 2,170 10,000 UB / Year on year against the same period last year +0.3%, Indicator name Total viewing time / Value 11,380 10,000 hours / Year on year against the same period last year +0.3%, Indicator name VIVANT Season 2 premiere views / Value 875 10,000 plays / Year on year against the same period last year Not disclosed, Indicator name Total visitors to The World of Pixar exhibition / Value 62 10,000 people / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business Outlook	Assumptions include heightened tensions in the Middle East, uncertainty over the outlook for the global economy, advertisers' cautious approach to placing advertisements, and TBS Television's spot advertising revenue remaining below the previous forecast. Numerical assumptions: Not disclosed.
Medium-term management plan targets	Under Medium-Term Management Plan 2026, a dividend payout ratio of approximately 40%.
Annual Dividend	Annual ¥100 per share / Interim ¥50 per share / End of period ¥50 per share
Payout ratio	31.6 %
Acquisition of treasury shares	Maximum number of shares to be acquired 6,500,000 / Maximum acquisition amount 36,000,000,000 / Amount unit ¥ / Period 15 May 2026 to 26 February 2027 / Number of shares acquired as of the end of July 2026 3,430,000 / Acquisition cost as of the end of July 2026 21,182,627,000
Capital expenditures	¥8,041 million
Market Size / Share	VIVANT Season 2 ranked first in premiere views on TVer, while The Seven Deadly Sins of Kujo ranked second among Japanese live-action productions viewed on Netflix in the first half of 2026. Market size data: Not disclosed.
New initiatives	Establishment of e6 LLC, a jointly funded company with NTT Corporation, scheduled for 8 August 2026, Development of experiential AI content, games, apps, card games and other products using intellectual property, Establishment of a new Music and Entertainment division, Content development with overseas partners and global projects, Film adaptation of the Netflix series The Seven Deadly Sins of Kujo

Items this document does not state (12)

Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company assumed that TBS Television's spot advertising revenue would remain below the previous forecast due to uncertainty over the outlook for the global economy, including heightened tensions in the Middle East, and advertisers' continued cautious approach to placing advertisements. Factors cited for the decline in first-quarter earnings included lower spot advertising revenue, higher costs associated with the transfer to the broadcasting center, and increases in personnel expenses and depreciation of right-of-use assets.

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