To Our Shareholders

I would like to take this opportunity to express my sincere gratitude for your continued support for the TV Asahi Group (TV Asahi Holdings Corporation and its consolidated subsidiaries).

For the fiscal year ended March 31, 2025 (hereinafter FY25/3), we recorded significant increases in both sales and profits. Net sales increased 5.2% year on year to ¥324.0 billion, the highest on record, while operating profit increased 59.7% year on year to ¥19.7 billion, ordinary profit by 43.2% to ¥28.5 billion, and profit attributable to owners of parent by 50.6% to ¥25.8 billion.

These results were driven by the strong viewer ratings resulting from our continued efforts to strengthen our content, which is the source of our Group’s value. In calendar 2024, for the first time since we started broadcasting, we achieved the triple crown (top position) for Individual All viewer ratings for terrestrial broadcast with 3.5% for All Day (6 am - midnight), 5.3% for Golden Time (7 pm - 10 pm), and 5.3% for Prime Time (7 pm - 11 pm). We also achieved the same feat for Individual All viewer ratings for FY25/3, with 3.5% for All Day (6 am - midnight), 5.3% for Golden Time (7 pm - 10 pm), and 5.3% for Prime Time (7 pm - 11 pm). Moreover, BS Asahi also achieved the triple crown for both calendar and fiscal year viewer ratings.

In addition to our core business of TV broadcasting, we actively worked toward expanding our other businesses. The internet business is performing strongly as a result of our offering a range of services to meet diverse needs, such as ABEMA, an internet television station; TELASA, a subscription-based VOD service that has topped 2 million subscribers; TVer, a free-of-charge VOD catch-up service; owned media (such as the official YouTube channel ANNnewsCH); and UltraImpression, which operates a video advertising platform.

In our MEDIA CITY endeavor, as previously shared, TOKYO DREAM PARK, a new content output hub that fuses entertainment and technology in the Ariake district of the Tokyo Bay area, is under construction. The construction is proceeding smoothly and we are aiming for a grand opening in spring 2026. We will build a new entertainment business that leverages the experience and expertise that we have cultivated through terrestrial music programs and event businesses over the years. Specific business plans are also underway, and we look forward to welcoming guests to our new site.

In addition to such business initiatives, we are also striving to enhance our corporate value through a variety of measures. For the implementation of management that is conscious of the cost of capital and stock price, we are steadily pursuing initiatives that are aligned with the financial strategy set forth in our management plan. Together with steadily reducing our strategic shareholdings, we conducted share buybacks with upper limits of ¥3.0 billion and 2 million shares from May 2025. On the sustainability front, as a media company that is public in nature and has a social responsibility, we implemented initiatives with a priority on human rights, including the establishment of an effective human rights due diligence system.

While the expansion of internet advertising and other factors are making our business environment more demanding, the value of content and IP created and owned by the Group is growing as opportunities for content distribution continue to expand. We will execute the initiatives laid out in our management plan to progressively become “TV Asahi for the new era” so that we may continuously enhance corporate value to meet the expectations of our shareholders. I thank you once again for your continued support and understanding.