¥50 billion allocation for new businesses and strategic investments

「Through the consolidation of KANAMEL as a subsidiary following this acquisition, we will combine our planning and communications capabilities with KANAMEL’s video production capabilities and establish a structure that maximizes the strengths of both companies.」

「We will establish a total ¥100 billion growth investment allocation. In addition to making strategic investments in the content and global, wellness, and new-business areas, we will make strategic expenditures to develop internal businesses and transform operations.」

「The increase in assets was attributable to the acquisition and fair-value gains of investment securities, including the classification of KANAMEL㈱ as an equity-method affiliate, despite decreases in notes and accounts receivable and contract assets and in securities due to redemptions.」

「We will establish a total ¥100 billion growth investment allocation. In addition to making strategic investments in the content and global, wellness, and new-business areas, we will make strategic expenditures to develop internal businesses and transform operations.」

「Merchandise sales revenue increased by ¥7,874 million, or 89.8%, from the same period of the previous year to ¥16,646 million, reflecting the consolidation of la belle vie㈱ during the first quarter of the previous fiscal year and ㈱ライツ・イン from the first quarter, as well as strong sales of program character merchandise and other products.」

「During the fiscal year, we made investments in multiple business areas. Specifically, in the media and content business, we acquired additional shares in ㈱スタジオジブリ and made it a subsidiary, acquired shares in leading e-commerce company la belle vie㈱ and made it a subsidiary, and acquired shares in ㈱JCG, which operates an e-sports business, and made it a subsidiary.」

「At a meeting of its board of directors held on 21 September 2023, Nippon Television Network Corporation, our consolidated subsidiary, resolved to acquire shares in ㈱スタジオジブリ and make it a subsidiary, thereby making it our indirect subsidiary. It entered into a share transfer agreement and acquired the shares on 6 October 2023.」

「At a meeting of its board of directors held on 21 September 2023, Nippon Television Network Corporation, our consolidated subsidiary, resolved to acquire shares in ㈱スタジオジブリ and make it a subsidiary, thereby making it our indirect subsidiary. It entered into a share transfer agreement and acquired the shares on 6 October 2023.」

「On 21 April 2023, we entered into a share transfer agreement with Alan Thlas, the founder of la belle vie株式会社, a leading fashion e-commerce company, and other parties, and acquired all shares of the company on 19 May 2023. As a result, the company became a consolidated subsidiary.」

「We will maintain the ¥100 billion investment allocation, execute investments to strengthen and expand the media and content business and the lifestyle and wellness-related business, and pursue opportunities in new fields, with the aim of sustainably increasing corporate value.」

「We will maintain the ¥100 billion investment allocation and promote entrepreneurship, M&A and alliances without limits across industries and national borders.」

「With respect to the ¥100 billion investment allocation for promoting new businesses and M&A stated above, we will continue these initiatives without changing the allocation.」

「We are currently pursuing businesses including MAX Casting, an announcer casting business; Nippon Television HR, a human resources development and training business that uses the Group’s assets, including proprietary VTR content; an e-sports business centered on the operation of the AXIZ e-sports team; a VTuber business aimed at monetization through programs and events involving virtual YouTubers; and a Fireworks IoT business that develops fireworks events and educational programs centered on programming, while carrying on the Group’s DNA of doing what others do not and making history ourselves.」

「In addition, we will increase the investment allocation for promoting new businesses and M&A from ¥50 billion to ¥100 billion. Including the M&A contribution from executing this allocation, our targets will be consolidated revenue of at least ¥500 billion, consolidated operating profit of at least ¥54 billion, and consolidated ordinary profit of at least ¥62 billion.」

「During the second quarter of the fiscal year, ㈱ロジックロジック, previously a non-consolidated subsidiary, and スキルアップ・ビデオテクノロジーズ㈱, previously a consolidated subsidiary, merged, with ㈱ロジックロジック as the surviving company, and changed its corporate name to ㈱PLAY. Following the merger, ㈱PLAY was included in the scope of consolidation because it had become material.」

「In addition, we will increase the investment allocation for promoting new businesses and M&A from ¥50 billion to ¥100 billion. Including the M&A contribution from executing this allocation, our targets will be consolidated revenue of at least ¥500 billion, consolidated operating profit of at least ¥54 billion, and consolidated ordinary profit of at least ¥62 billion.」

「During the fiscal year, we agreed in May 2017 to enter into a capital and business alliance with ㈱オールアバウトナビ. In August 2017, we established 日テレ・ライフマーケティング㈱, a joint venture with ㈱オールアバウトライフマーケティング. In addition, we launched NTVIP (Nippon Television Innovation Program), which solicits proposals for new businesses and operational improvements from all employees of the Nippon Television Group and supports their implementation.」

「Following the acquisition of additional shares in June 2017, ㈱オールアバウトナビ became an equity-method affiliate.」

「We will reset the total ¥50 billion investment allocation for new businesses, including strategic investments, and promote diversification of our business portfolio. During the fiscal year, Nippon Television Network Corporation established JOCDN㈱ with Internet Initiative Japan Inc. as a joint venture to provide CDN services, effective 1 December 2016.」

「We will reset the total ¥50 billion investment allocation for new businesses, including strategic investments, and promote diversification of our business portfolio.」