Nippon Television Holdings Inc. Financial Data Result for the Period ended September 30, 2021

Nippon Television Holdings, Inc.
Consolidated Flash Report
Results for the 2nd Quarter ended September 30, 2021
	November 05, 2021
(Japanese GAAP)
Stock listing: Tokyo Stock Exchange (First Section)	Code number: 9404
URL:https://www.ntvhd.co.jp/
Representative: Yoshio Okubo, Representative Director Chairman
Information contact: Shunsuke Koyano, President, Financial Management Division
Tel: [phone]
Schedule dates
Filing of statutory financial report: November 11, 2021
Dividends payout: December 01, 2021
Supplementary materials to financial results available:	Yes
Result meeting held:	Yes

1. Results for the 2nd Quarter FY2021 (From April 1, 2021 to September 30, 2021)

(1) Consolidated operating results			(Figures less than 1 million yen have been omitted.)
	Net sales			Operating profit	Recurring profit
	(% change from the previous year)	(% change from the previous year)	(% change from the previous year)
	Millions of yen			%	Millions of yen		%	Millions of yen		%
2nd Qtr FY 2021	194,950			11.7	24,341		166.9	27,797		148.2
2nd Qtr FY 2020	174,478		△16.8	9,119		△46.7	11,199		△46.0
(Note) Comprehensive income: 2nd Qtr FY2021	¥ 46,634 million (96.7%)	2nd Qtr FY2020 ¥ 23,712million (54.3%)
	Net income attributable to	Net income		Diluted
	owners of the parent			income
		per share
	(% change from the previous year)		per share
	Millions of yen			%	yen		yen
2nd Qtr FY 2021	18,440			－	72.29		72.20
2nd Qtr FY 2020	△5,656			－	△22.15		－

1. Consolidated financial position

Total assets

Net assets

Shareholders'

'equity ratio

Millions of yen

Millions of yen

%

2nd Qtr FY 2021

1,070,209

861,220

80.0

FY 2020

1,032,155

820,506

79.0

(For reference) Equity capital: 2nd Qtr. FY 2021

¥ 855,703 million FY 2020

¥ 815,090 million

2. Cash Dividends

Dividends per share

1Q

2Q

3Q

Year-end

Annual

yen

yen

yen

yen

yen

FY 2020

－

10.00

－

25.00

35.00

FY 2021

－

10.00

Forecast for FY 2021

－

25.00

35.00

(Note) Revisions of cash dividends forecast: None

3. Forecast for FY 2021 (From April 1, 2021 to March 31, 2022)

	Net sales		Operating profit		Recurring profit
	Millions of yen	%	Millions of yen	%	Millions of yen	%
FY2021	400,000	2.2	46,000		33.2	52,000	21.1
	Net income attributable	Net income
	to owners of the parent	per share
	Millions of yen	%	yen
FY2021	41,000	70.5	160.73

(Note) Revisions in consolidated performance forecasts: Yes

Please refer to"Notice on Revision of Consolidated Financial Forecast"announced November 5,2021.

4. Others

1. Changes in significant subsidiaries during the period (Reclassification due to change in scope of consolidation): None
2. Application of accounting methods specific to preparation of the quarterly consolidated financial statements: Yes
3. Changes in the accounting policies, accounting estimates and restatements.

• Changes in accounting policies due to amendment of accounting standards: Yes

• Changes in accounting policies other than ① : None

• Changes in accounting estimate: None

• Restatement: None

1. Issued shares (Common stock)

①	Issued shares at the end of period	2nd Qtr	263,822,080	shares	FY2020	263,822,080	shares
		FY 2021
	(Including treasury stock)
	2nd Qtr	8,738,591	shares	FY2020	8,738,571	shares
②	Treasury stock at the end of period
FY 2021
		2nd Qtr	255,083,506	shares	2nd Qtr	255,310,088	shares
		FY 2021	FY 2020
③	Average shares

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Million yen)
			As of March 31,2021	As of September 30,2021
Assets
	Current assets
		Cash and deposits	85,187	87,296
		Notes and accounts receivable - trade	103,694	-
		Notes and accounts receivable - trade, and contract	-	92,357
		assets
		Securities	89,000	108,500
		Inventories	3,621	3,670
		Program rights	4,742	5,232
		Other	22,029	19,290
		Allowance for doubtful accounts	(490)	(470)
		Total current assets	307,784	315,876
	Non-current assets
		Property, plant and equipment
		Buildings and structures, net	68,227	68,299
		Machinery, equipment and vehicles, net	14,992	15,516
		Tools, furniture and fixtures, net	3,199	3,136
		Land	170,235	170,223
		Leased assets, net	4,493	4,407
		Construction in progress	6,772	3,631
		Total property, plant and equipment	267,921	265,214
		Intangible assets
		Goodwill	546	465
		Other	12,791	12,338
		Total intangible assets	13,337	12,804
		Investments and other assets
		Investment securities	408,396	442,104
		Long-term loans receivable	3,315	3,145
		Deferred tax assets	2,861	2,836
		Other	29,855	29,487
		Allowance for doubtful accounts	(1,318)	(1,259)
		Total investments and other assets	443,110	476,314
		Total non-current assets	724,370	754,333
	Total assets	1,032,155	1,070,209

				(Million yen)
			As of March 31,2021	As of September 30,2021
Liabilities
	Current liabilities
		Notes and accounts payable - trade	8,238	8,895
		Short-term borrowings	2,495	2,544
		Accounts payable - other	7,753	7,475
		Accrued expenses	50,824	46,525
		Income taxes payable	17,971	8,959
		Provision for sales returns	12	-
		Provision for loss on store closings	1,015	745
		Other	16,360	15,060
		Total current liabilities	104,672	90,206
	Non-current liabilities
		Lease obligations	12,727	12,230
		Deferred tax liabilities	52,495	64,711
		Retirement benefit liability	13,979	13,905
		Long-term guarantee deposits	20,638	20,660
		Other	7,134	7,274
		Total non-current liabilities	106,976	118,782
	Total liabilities	211,648	208,989
Net assets
	Shareholders' equity
		Share capital	18,600	18,600
		Capital surplus	35,453	35,787
		Retained earnings	642,991	655,086
		Treasury shares	(9,098)	(9,098)
		Total shareholders' equity	687,947	700,375
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	127,322	155,378
		securities
		Deferred gains or losses on hedges	0	1
		Foreign currency translation adjustment	(180)	(52)
		Total accumulated other comprehensive income	127,142	155,327
	Non-controlling interests	5,416	5,516
	Total net assets	820,506	861,220
Total liabilities and net assets	1,032,155	1,070,209

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the six months)

			(Million yen)
		For the six months	For the six months
		ended September 30,2020	ended September 30,2021
Net sales	174,478	194,950
Cost of sales	125,356	125,820
Gross profit	49,121	69,129
Selling, general and administrative expenses	40,001	44,788
Operating profit	9,119	24,341
Non-operating income
	Interest income	577	554
	Dividend income	1,775	1,144
	Share of profit of entities accounted for using equity	-	1,619
	method
	Foreign exchange gains	7	1
	Gain on investments in investment partnerships	284	320
	Other	184	177
	Total non-operating income	2,830	3,817
Non-operating expenses
	Interest expenses	175	205
	Share of loss of entities accounted for using equity	460	-
	method
	Loss on investments in investment partnerships	44	67
	Other	69	88
	Total non-operating expenses	750	360
Ordinary profit	11,199	27,797
Extraordinary income
	Gain on sale of non-current assets	1	18
	Gain on sale of investment securities	10,874	-
	Insurance claim income	1,328	-
	Grant income	514	383
	Other	162	-
	Total extraordinary income	12,880	402
Extraordinary losses
	Loss on sale of non-current assets	1,513	-
	Loss on retirement of non-current assets	1,320	91
	Loss on sale of investment securities	11	-
	Loss on valuation of investment securities	1	-
	Impairment losses	16,401	-
	Loss on COVID19	3,446	909
	Other	-	49
	Total extraordinary losses	22,694	1,050
Profit before income taxes	1,385	27,149
Income taxes	7,382	8,699
Profit (loss)	(5,997)	18,450
Profit (loss) attributable to non-controlling interests	(341)	9
Profit (loss) attributable to owners of parent	(5,656)	18,440