Financial Results for the Interim Period of Fiscal 2026 | TBS HOLDINGS,INC. (9401) timely disclosure

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

4921

JPY million (year-on-year change in consolidated operating profit)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFY2026 interim period10 items taken from the company’s own explanation

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

Net Sales¥215,073 million+2.1%

Operating profit¥10,470 million-32.0%

Ordinary income¥18,687 million-18.3%

Net income¥17,666 million-61.1%

Results for the three months of the current quarterDisplay the quarterly trends for consolidated net sales and operating profit for Q1 and Q2 in a graph.

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 salesTHE SEVEN +¥6,073 million, WACUL +¥724 million, TBS Television ▲¥4,306 million

Media and Content operating profitTBSグロウディア +¥831 million, TBS Television ▲¥4,415 million, TBSスパークル ▲¥817 million, TBSアクト ▲¥384 million

Lifestyle salesスタイリングライフグループ +¥1,149 million, やる気スイッチグループ +¥443 million

Lifestyle Operating Incomeスタイリングライフグループ ▲¥901 million, やる気スイッチグループ ▲¥230 million

Real Estate and Other Operating IncomeTBS HD +¥1,948 million

New initiatives

Promote business-specific ROIC-based management from FY2027
Capital and business alliance with U-NEXT HOLDINGS
Establishment of SAND B and making ケイコンテンツ, ゼノトゥーン and WACUL subsidiaries
Investment in Legendary Entertainment
Establishment of StudioMonowa
Development and expansion of the EduTainment business
PLAZA TOKYO+ Shinjuku store scheduled to open on 20 November 2026
Considering the management integration of ゼノトゥーン and Seven Arcs

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

LTV4-59 all-day audience rating1.8 %
Year on year against the same period last year0.0%
LTV4-59 golden-time audience rating3.9 %
Year on year against the same period last year+0.1%
LTV4-59 prime-time audience rating3.7 %
Year on year against the same period last year+0.1%
Total views on TVer and other platforms35,732 10,000 plays
Year on year against the same period last year+41.8%
Total viewing time on TVer and other platforms15,189 10,000 hours
Year on year against the same period last year+32.3%
Total UB count on TVer and other platforms2,929 10,000 UB
Year on year against the same period last year+30.2%
Number of Asian Games viewers8,393 10,000 people

Segment results

Media and Content

Net Sales

¥157,682 million+1.7%

Operating profit

¥4,193 million-56.7%

Lifestyle

Net Sales

¥48,704 million+3.4%

Operating profit

¥552 million-67.2%

Real Estate and Other

Net Sales

¥8,686 million+2.7%

Operating profit

¥5,724 million+41.9%

Medium-term management plan targets

Cash inflows and cash allocation under Medium-Term Management Plan 2026 are each ¥280 billion. ¥100 billion in growth investments has been completed. Shareholder returns total ¥105 billion over the three-year plan period. The next medium-term management plan is scheduled to be disclosed in May 2027.

Financial targets

A policy of introducing ROIC-based management has been indicated, but specific targets such as ROIC have not been disclosed.

Capital expenditures

¥150 100 million capital expenditures contributing to the advancement of broadcasting

Annual Dividend

Annual dividend per share¥100

Interim¥50

End of period¥50

Payout ratio

A consolidated payout ratio of approximately 40% is the benchmark. The FY2026 forecast is 31.6%, with a payout ratio of approximately 40% excluding special factors.

Acquisition of treasury shares

Repurchase authorization amount¥36,000,000,000 / shares

Number of shares under the buyback program¥6,500,000 / shares

Period15 May 2026 to 26 February 2027

Acquisition results as of the end of October 20264,732,800 shares, ¥28,821,019,700

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	FY2026 interim period
Net Sales	¥215,073 million (YoY +2.1%)
Operating profit	¥10,470 million (YoY -32.0%)
Ordinary income	¥18,687 million (YoY -18.3%)
Net income	¥17,666 million (YoY -61.1%)
Results for the three months of the current quarter	Display the quarterly trends for consolidated net sales and operating profit for Q1 and Q2 in a graph.
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 ¥157,682 million (YoY +1.7%) / Operating profit ¥4,193 million (YoY -56.7%) / Lifestyle Net Sales ¥48,704 million (YoY +3.4%) / Operating profit ¥552 million (YoY -67.2%) / Real Estate and Other Net Sales ¥8,686 million (YoY +2.7%) / Operating profit ¥5,724 million (YoY +41.9%)
Breakdown of Factors Affecting the Change	Media and content sales THE SEVEN +¥6,073 million, WACUL +¥724 million, TBS Television ▲¥4,306 million / Media and Content operating profit TBSグロウディア +¥831 million, TBS Television ▲¥4,415 million, TBSスパークル ▲¥817 million, TBSアクト ▲¥384 million / Lifestyle sales スタイリングライフグループ +¥1,149 million, やる気スイッチグループ +¥443 million / Lifestyle Operating Income スタイリングライフグループ ▲¥901 million, やる気スイッチグループ ▲¥230 million / Real Estate and Other Operating Income TBS HD +¥1,948 million
Key KPIs	Indicator LTV4-59 all-day audience rating / Value 1.8 % / Year on year against the same period last year 0 %, Indicator LTV4-59 golden-time audience rating / Value 3.9 % / Year on year against the same period last year 0.1 %, Indicator LTV4-59 prime-time audience rating / Value 3.7 % / Year on year against the same period last year 0.1 %, Indicator Total views on TVer and other platforms / Value 35,732 10,000 plays / Year on year against the same period last year 41.8 10,000 plays, Indicator Total viewing time on TVer and other platforms / Value 15,189 10,000 hours / Year on year against the same period last year 32.3 10,000 hours, Indicator Total UB count on TVer and other platforms / Value 2,929 10,000 UB / Year on year against the same period last year 30.2 10,000 UB, Indicator Number of Asian Games viewers / Value 8,393 10,000 people / Year on year against the same period last year Not disclosed
Medium-term management plan targets	Cash inflows and cash allocation under Medium-Term Management Plan 2026 are each ¥280 billion. ¥100 billion in growth investments has been completed. Shareholder returns total ¥105 billion over the three-year plan period. The next medium-term management plan is scheduled to be disclosed in May 2027.
Financial targets	A policy of introducing ROIC-based management has been indicated, but specific targets such as ROIC have not been disclosed.
Annual Dividend	Annual dividend per share ¥100 / Interim ¥50 / End of period ¥50
Payout ratio	A consolidated payout ratio of approximately 40% is the benchmark. The FY2026 forecast is 31.6%, with a payout ratio of approximately 40% excluding special factors.
Acquisition of treasury shares	Repurchase authorization amount ¥36,000,000,000 / shares / Number of shares under the buyback program ¥6,500,000 / shares / Period 15 May 2026 to 26 February 2027 / Acquisition results as of the end of October 2026 4,732,800 shares, ¥28,821,019,700
Capital expenditures	¥150 100 million (capital expenditures contributing to the advancement of broadcasting)
New initiatives	Promote business-specific ROIC-based management from FY2027, Capital and business alliance with U-NEXT HOLDINGS, Establishment of SAND B and making ケイコンテンツ, ゼノトゥーン and WACUL subsidiaries, Investment in Legendary Entertainment, Establishment of StudioMonowa, Development and expansion of the EduTainment business, PLAZA TOKYO+ Shinjuku store scheduled to open on 20 November 2026, Considering the management integration of ゼノトゥーン and Seven Arcs

Items this document does not state (13)

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 employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookOrders received and order backlogMarket Size / ShareKey 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.

In the Media and Content segment, TBS Television’s spot advertising revenue declined amid weak advertising market conditions. In the Lifestyle segment, lower profit was attributable to higher fixed costs at PLAZA, weak sales of BCL’s “Saborino” brand, and higher personnel and depreciation expenses associated with the shift of the Yaruki Switch Group to directly operated businesses. Meanwhile, delivery of major productions by THE SEVEN, new store openings, new businesses, tuition revenue and the real estate business contributed to higher revenue.

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