Announcement • May 23
Asahi Broadcasting Group Holdings Corporation (TSE:9405) announces an Equity Buyback for 1,250,000 shares, representing 2.99% for ¥1,000 million. Asahi Broadcasting Group Holdings Corporation (TSE:9405) announces a share repurchase program. Under the program, the company will repurchase up to 1,250,000 shares, representing 2.99%, for ¥1,000 million. The program is aimed at enhancing medium- to long-term corporate value through improved capital efficiency and expanded shareholder returns, while also enabling the execution of flexible capital policies in response to changes in the business environment. The program will expire on March 31, 2027. As of March 31, 2026, the company had 41,789,655 outstanding shares (excluding treasury shares) and 43,345 treasury shares. Reported Earnings • May 13
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥107 (up from JP¥59.94 in FY 2025). Revenue: JP¥96.0b (up 4.4% from FY 2025). Net income: JP¥4.46b (up 78% from FY 2025). Profit margin: 4.6% (up from 2.7% in FY 2025). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Asahi Broadcasting Group Holdings Corporation to Report Q1, 2027 Results on Aug 05, 2026 Asahi Broadcasting Group Holdings Corporation announced that they will report Q1, 2027 results on Aug 05, 2026 Announcement • May 11
Asahi Broadcasting Group Holdings Corporation, Annual General Meeting, Jun 24, 2026 Asahi Broadcasting Group Holdings Corporation, Annual General Meeting, Jun 24, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥34.29 (vs JP¥49.97 in 3Q 2025) Third quarter 2026 results: EPS: JP¥34.29 (down from JP¥49.97 in 3Q 2025). Revenue: JP¥25.3b (flat on 3Q 2025). Net income: JP¥1.43b (down 31% from 3Q 2025). Profit margin: 5.7% (down from 8.3% in 3Q 2025). Revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 4.7%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Asahi Broadcasting Group Holdings Corporation to Report Fiscal Year 2026 Results on May 11, 2026 Asahi Broadcasting Group Holdings Corporation announced that they will report fiscal year 2026 results on May 11, 2026 Declared Dividend • Dec 02
First half dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 2.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 64% over the next year. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 64% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 64% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (145% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥12.69 (vs JP¥7.64 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥12.69 (up from JP¥7.64 loss in 2Q 2025). Revenue: JP¥25.0b (up 13% from 2Q 2025). Net income: JP¥530.0m (up JP¥849.0m from 2Q 2025). Profit margin: 2.1% (up from net loss in 2Q 2025). Revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Nov 11
Asahi Broadcasting Group Holdings Corporation to Report Q3, 2026 Results on Feb 09, 2026 Asahi Broadcasting Group Holdings Corporation announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: JP¥44.86 (vs JP¥10.20 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥44.86 (up from JP¥10.20 loss in 1Q 2025). Revenue: JP¥21.7b (up 4.2% from 1Q 2025). Net income: JP¥1.87b (up JP¥2.30b from 1Q 2025). Profit margin: 8.6% (up from net loss in 1Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 6.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Announcement • Aug 05
Asahi Broadcasting Group Holdings Corporation to Report Q2, 2026 Results on Nov 10, 2025 Asahi Broadcasting Group Holdings Corporation announced that they will report Q2, 2026 results on Nov 10, 2025 Declared Dividend • Jul 09
Final dividend of JP¥6.00 announced Shareholders will receive a dividend of JP¥6.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it covered by cash flows (145% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. However, EPS is expected to decline by 18% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥59.94 (up from JP¥21.17 loss in FY 2024). Revenue: JP¥91.9b (up 1.6% from FY 2024). Net income: JP¥2.50b (up JP¥3.39b from FY 2024). Profit margin: 2.7% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 67%. Revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 6.7%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 13
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥59.94 (up from JP¥21.17 loss in FY 2024). Revenue: JP¥91.9b (up 1.6% from FY 2024). Net income: JP¥2.50b (up JP¥3.39b from FY 2024). Profit margin: 2.7% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 67%. Revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 11%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 13
Asahi Broadcasting Group Holdings Corporation to Report Q1, 2026 Results on Aug 04, 2025 Asahi Broadcasting Group Holdings Corporation announced that they will report Q1, 2026 results on Aug 04, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.3%). Announcement • Mar 05
Asahi Broadcasting Group Holdings Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Asahi Broadcasting Group Holdings Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: JP¥49.97 (vs JP¥12.69 in 3Q 2024) Third quarter 2025 results: EPS: JP¥49.97 (up from JP¥12.69 in 3Q 2024). Revenue: JP¥25.2b (up 4.4% from 3Q 2024). Net income: JP¥2.09b (up 294% from 3Q 2024). Profit margin: 8.3% (up from 2.2% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Declared Dividend • Dec 03
First half dividend of JP¥6.00 announced Dividend of JP¥6.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Reported Earnings • Nov 15
Second quarter 2025 earnings released: JP¥7.64 loss per share (vs JP¥5.87 loss in 2Q 2024) Second quarter 2025 results: JP¥7.64 loss per share (further deteriorated from JP¥5.87 loss in 2Q 2024). Revenue: JP¥22.1b (up 2.6% from 2Q 2024). Net loss: JP¥319.0m (loss widened 30% from 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Nov 12
Asahi Broadcasting Group Holdings Corporation to Report Q3, 2025 Results on Feb 11, 2025 Asahi Broadcasting Group Holdings Corporation announced that they will report Q3, 2025 results on Feb 11, 2025 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%). Reported Earnings • Aug 14
First quarter 2025 earnings released: JP¥12.77 loss per share (vs JP¥10.26 loss in 1Q 2024) First quarter 2025 results: JP¥12.77 loss per share (further deteriorated from JP¥10.26 loss in 1Q 2024). Revenue: JP¥19.6b (down 3.4% from 1Q 2024). Net loss: JP¥533.0m (loss widened 25% from 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Aug 10
Asahi Broadcasting Group Holdings Corporation to Report Q2, 2025 Results on Nov 11, 2024 Asahi Broadcasting Group Holdings Corporation announced that they will report Q2, 2025 results on Nov 11, 2024 Declared Dividend • Jul 11
Final dividend of JP¥6.00 announced Dividend of JP¥6.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (27% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Announcement • May 29
Asahi Broadcasting Group Holdings Corporation (TSE:9405) announces an Equity Buyback for 100,000 shares, representing 0.24% for ¥80 million. Asahi Broadcasting Group Holdings Corporation (TSE:9405) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.24% of its total shares outstanding excluding treasury shares, for a total of ¥80 million. The purpose of repurchase program is to allocate the treasury stock to be issued as restricted stock compensation to its directors (excluding outside directors and directors who are audit and supervisory committee members) and executive officers. The repurchase program is valid till June 25, 2024. As of March 31, 2024, the company had 41,774,479 shares outstanding excluding treasury shares and had 58,521 shares in treasury. Reported Earnings • May 16
Full year 2024 earnings released: JP¥21.17 loss per share (vs JP¥32.42 profit in FY 2023) Full year 2024 results: JP¥21.17 loss per share (down from JP¥32.42 profit in FY 2023). Revenue: JP¥90.5b (up 3.9% from FY 2023). Net loss: JP¥884.0m (down 165% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 16
Asahi Broadcasting Group Holdings Corporation to Report Q1, 2025 Results on Aug 09, 2024 Asahi Broadcasting Group Holdings Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Announcement • May 15
Asahi Broadcasting Group Holdings Corporation, Annual General Meeting, Jun 26, 2024 Asahi Broadcasting Group Holdings Corporation, Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.2%). Announcement • Mar 02
Asahi Broadcasting Group Holdings Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Asahi Broadcasting Group Holdings Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥12.69 (vs JP¥21.63 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.69 (down from JP¥21.63 in 3Q 2023). Revenue: JP¥24.2b (up 3.1% from 3Q 2023). Net income: JP¥530.0m (down 41% from 3Q 2023). Profit margin: 2.2% (down from 3.9% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Second quarter 2024 earnings released: JP¥5.87 loss per share (vs JP¥1.22 profit in 2Q 2023) Second quarter 2024 results: JP¥5.87 loss per share (down from JP¥1.22 profit in 2Q 2023). Revenue: JP¥21.5b (flat on 2Q 2023). Net loss: JP¥245.0m (down JP¥296.0m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 09
Asahi Broadcasting Group Holdings Corporation to Report Q3, 2024 Results on Feb 13, 2024 Asahi Broadcasting Group Holdings Corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥6.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Announcement • Aug 08
Asahi Broadcasting Group Holdings Corporation to Report Q2, 2024 Results on Nov 08, 2023 Asahi Broadcasting Group Holdings Corporation announced that they will report Q2, 2024 results on Nov 08, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: JP¥10.26 loss per share (vs JP¥8.44 profit in 1Q 2023) First quarter 2024 results: JP¥10.26 loss per share (down from JP¥8.44 profit in 1Q 2023). Revenue: JP¥20.2b (up 3.2% from 1Q 2023). Net loss: JP¥428.0m (down 222% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥32.42 (down from JP¥64.96 in FY 2022). Revenue: JP¥87.0b (up 2.3% from FY 2022). Net income: JP¥1.35b (down 49% from FY 2022). Profit margin: 1.6% (down from 3.1% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.6%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥21.63 (vs JP¥40.95 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.63 (down from JP¥40.95 in 3Q 2022). Revenue: JP¥23.4b (up 2.6% from 3Q 2022). Net income: JP¥904.0m (down 46% from 3Q 2022). Profit margin: 3.9% (down from 7.4% in 3Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 13
Asahi Broadcasting Group Holdings Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 Asahi Broadcasting Group Holdings Corporation provided dividend guidance for the fiscal year ending March 31, 2023. For the year ending, the company expects to pay the dividend of JPY 6.00 per share against JPY 17.00 per share a year ago. Announcement • Nov 27
Asahi Broadcasting Group Holdings Corporation to Report Q3, 2023 Results on Feb 13, 2023 Asahi Broadcasting Group Holdings Corporation announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥4.83 (vs JP¥16.82 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.83 (down from JP¥16.82 in 2Q 2022). Revenue: JP¥20.6b (down 2.3% from 2Q 2022). Net income: JP¥201.5m (down 71% from 2Q 2022). Profit margin: 1.0% (down from 3.3% in 2Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director and Full-Time Audit & Supervisory Committee Member Natsuto Tanaka was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 15
Asahi Broadcasting Group Holdings Corporation Announces Interim Dividend, Payable on December 1, 2022 Asahi Broadcasting Group Holdings Corporation announced Interim dividend of JPY 10.00 compared to JPY 7.00 per share a year ago, Record date of September 30, 2022, Effective date of payment of December 1, 2022. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.5%). Announcement • Aug 28
Asahi Broadcasting Group Holdings Corporation to Report Q2, 2023 Results on Nov 14, 2022 Asahi Broadcasting Group Holdings Corporation announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Aug 10
Asahi Broadcasting Group Holdings Corporation (TSE:9405) acquired Zero G Act Co., Ltd. Asahi Broadcasting Group Holdings Corporation (TSE:9405) acquired Zero G Act Co., Ltd. on August 8, 2022.
Asahi Broadcasting Group Holdings Corporation (TSE:9405) completed the acquisition of Zero G Act Co., Ltd. on August 8, 2022. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: JP¥8.44 (vs JP¥10.77 in 1Q 2022) First quarter 2023 results: EPS: JP¥8.44 (down from JP¥10.77 in 1Q 2022). Revenue: JP¥19.6b (down 1.2% from 1Q 2022). Net income: JP¥352.0m (down 20% from 1Q 2022). Profit margin: 1.8% (down from 2.2% in 1Q 2022). Over the next year, revenue is forecast to grow 6.4%, compared to a 6.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Aug 08
Asahi Broadcasting Group Holdings Corporation Provides Dividend Guidance for the Fiscal Year 2022 Asahi Broadcasting Group Holdings Corporation provides dividend guidance of JPY 10.00 per share for the full fiscal year as compared to JPY 17.00 per share a year ago. Reported Earnings • May 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥64.96 (up from JP¥22.68 loss in FY 2021). Revenue: JP¥85.1b (up 8.6% from FY 2021). Net income: JP¥2.67b (up JP¥3.60b from FY 2021). Profit margin: 3.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 6.8%, compared to a 5.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 18
Asahi Broadcasting Group Holdings Corporation to Report Q1, 2023 Results on Aug 08, 2022 Asahi Broadcasting Group Holdings Corporation announced that they will report Q1, 2023 results on Aug 08, 2022 Announcement • May 17
Asahi Broadcasting Group Holdings Corporation, Annual General Meeting, Jun 23, 2022 Asahi Broadcasting Group Holdings Corporation, Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Outside Director Tuyoshi Kobayashi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Asahi Broadcasting Group Holdings Corporation to Report Fiscal Year 2022 Results on May 16, 2022 Asahi Broadcasting Group Holdings Corporation announced that they will report fiscal year 2022 results on May 16, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 08
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥40.95 (up from JP¥34.78 loss in 3Q 2021). Revenue: JP¥22.8b (down 4.2% from 3Q 2021). Net income: JP¥1.68b (up JP¥3.11b from 3Q 2021). Profit margin: 7.4% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 3.7% while the industry in Japan is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 09
Second quarter 2022 earnings released: EPS JP¥13.80 (vs JP¥6.12 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥20.4b (up 15% from 2Q 2021). Net income: JP¥566.5m (up JP¥817.5m from 2Q 2021). Profit margin: 2.8% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.7%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS JP¥10.77 (vs JP¥8.61 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥19.9b (up 29% from 1Q 2021). Net income: JP¥442.0m (up JP¥795.0m from 1Q 2021). Profit margin: 2.2% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 30
Full year 2021 earnings released: JP¥22.68 loss per share (vs JP¥55.62 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥78.3b (down 5.5% from FY 2020). Net loss: JP¥930.0m (down 141% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.