Corporate Events

From July 1, 2026 to September 30, 2026, the company has repurchased 1,893,400 shares, representing 1.23% for ¥11,417.89 million. With this, the company has completed the repurchase of 4,633,000 shares, representing 2.98% for ¥28,239.03 million under the buyback announced on May 14, 2026.

TBS Holdings,Inc. provided consolidated financial guidance for the fiscal year ending March 31, 2027. For the year, the company expects net sales of JPY 435,000 million, operating profit of JPY 23,000 million, and profit attributable to owners of the parent of JPY 48,500 million, with earnings per share of JPY 316.21.

TBS Holdings,Inc. provided dividend guidance for the second quarter of the fiscal year ending March 31, 2027 and fiscal year ending March 31, 2027. For the second quarter, the company expects to pay a dividend of JPY 50.00 per share as compared to JPY 35.00 per share paid a year ago. For the year, the company expects to pay a dividend of JPY 50.00 per share as compared to JPY 49.00 per share paid a year ago.

TBS Holdings,Inc., ¥ 50.0, Cash Dividend, Sep-29-2026

TBS HOLDINGS, INC. announced that at the Company’s Special Committee for Appraising Corporate Value held on July 17, 2026, member Yosuke Yagi was appointed as the chairperson. The Company’s Special Committee for Appraising Corporate Value is an advisory body of the Company’s Board of Directors that will consider the adequacy of measures for matters such as those inquired about by the Company’s Board of Directors in relation to the “Policy on Responding to Takeover Proposals for Company Shares” established by the Company, and other such matters in determining whether such items will maximize the Company’s corporate value, and give recommendations based upon the results. The term for the five current members will expire at the conclusion of the Company’s first Board of Directors meeting, held following the conclusion of the Company’s Ordinary General Meeting of Shareholders with respect to the fiscal year 2026. The members of the Special Committee for Appraising Corporate Value are: Yosuke Yagi (Chairperson, Outside Director), Natsuko Takei (Outside Director), Kyoichiro Uenishi (Outside Director), Junko Kogayu (Outside Audit & Supervisory Board Member), and Mie Fujimoto (Outside Audit & Supervisory Board Member).

On June 30, 2026, TBS Holdings, Inc. announced its annual general meeting of shareholders on June 26, 2026, and declared voting results. Accordingly, the shareholders rejected the shareholder proposals regarding Proposal 3: Appropriation of Surplus, and Proposal 4: Acquisition of Treasury Shares.

From May 14, 2026 to June 30, 2026, the company has repurchased 2,739,600 shares, representing 1.75% for ¥16,821.14 million. With this, the company has completed the repurchase of 2,739,600 shares, representing 1.75% for ¥16,821.14 million under the buyback announced on May 14, 2026.

TBS Holdings,Inc. (TSE:9401) entered into a Share Purchase Agreement to acquire an additional 6.45% stake in U-NEXT HOLDINGS Co.,Ltd. (TSE:9418) from Yasuhide Uno for ¥20 billion on June 26, 2026. Under the terms of the acquisition, TBS Holdings,Inc. will pay ¥1720 in cash per share. Upon completion, TBS Holdings,Inc. will own 8.03% stake in U-NEXT HOLDINGS Co.,Ltd. The transaction is expected to close on July 3, 2026.

TBS Holdings,Inc., Board Meeting, Jun 26, 2026. Agenda: To consider the Notice of Disposal of Treasury Shares as Restricted Share-based Remuneration.

TBS Holdings,Inc., Board Meeting, Jun 16, 2026. Agenda: To consider and approve Acquisition of Treasury Shares Through Off-Auction Treasury Shares Repurchase Trading System.

TBS Holdings,Inc. proposed the year-end dividend of ¥49 per share, an increase of ¥11 from the most recent dividend forecast of ¥38. As a result, the annual dividend will be ¥84 per share, including the interim dividend of ¥35 already paid (Payout Ratio:25.3%). Record date is March 31, 2026. Effective date is June 29, 2026. This matter is scheduled to be submitted for approval at the 99th Ordinary General Meeting of Shareholders to be held on June 26, 2026. As the second phase of "TBS Group VISION 2030", the Company has been promoting management based on the "TBS Group Medium-Term Business Plan 2026" (hereinafter, "MTBP2026") since FY2024. In the MTBP2026, the Company put forth its policy of both making the maximum effort to achieve sustainable growth and enhance its long-term corporate value through the steady promotion of its growth strategy, while fulfilling its social mission as a key news media outlet, expected to perform the function of a social lifeline, as well as implementing measures to make shareholder returns even more substantial through such growth, which are to be pursued as two core pillars of the Company's management strategy. The basic approach is to provide stable and continuous dividends, with a target consolidated dividend payout ratio from the current 30% to 40%. In the event of significant profit fluctuations caused by special factors, the dividend amount will be determined after separately considering their impact.

TBS Holdings,Inc., 2026 Earnings Call, May 15, 2026

On May 14, 2026, TBS Holdings, Inc. announced that it had received shareholder proposals from Monex Activist Mother Fund, with Monex Asset Management, Inc. as the investment trust management company and Japan Master Trust Bank, Ltd. as trustee, for consideration at the 99th Annual General Shareholders’ Meeting scheduled for June 26, 2026. The shareholder proposals, titled "Disposal of Surplus" and "Acquisition of Treasury Shares," demand that the sum of dividends and treasury share acquisitions equal 8% of shareholders’ equity until an ROE of 8% is achieved. Specifically, the "Disposal of Surplus" proposal calls for a 60% payout ratio for dividends, and the "Acquisition of Treasury Shares" proposal requests the purchase of up to 15 million shares for a total price of up to 51 billion yen within one year. TBS Holdings’ Board of Directors formally opposed both proposals, citing that the demands significantly exceed current capital allocation assumptions and would hinder appropriate investments in growth strategies, ultimately damaging medium- to long-term corporate value. The Board emphasized its commitment to sustainable corporate value enhancement through the "TBS Group Medium-Term Management Plan 2026" and its update, which prioritize balanced capital allocation between growth investments and shareholder returns. The Board also highlighted recent achievements, including surpassing operating profit targets and expanding shareholder returns, but maintained that the scale proposed by the activist would disrupt the company’s strategic direction. TBS Holdings reiterated its intention to review capital policies in line with stakeholder interests and corporate governance standards, while continuing dialogue with capital markets.

TBS Holdings,Inc., Annual General Meeting, Jun 26, 2026, at 10:00 Tokyo Standard Time. Location: TBS Akasaka BLITZ Studio 5-3-2 Akasaka, Minato-ku, Tokyo Japan Agenda: To consider appropriation of surplus; to consider election of directors; to consider shareholder proposals on appropriation of surplus; to consider acquisition of treasury stock; and to transact such other business matters.

The Board of Directors of TBS Holdings,Inc. has authorized a buyback plan on May 14, 2026.

TBS Holdings,Inc. (TSE:9401) announces a share repurchase program. Under the program, the company will repurchase up to 6,500,000 shares, representing 4.05% of its issued share capital, for ¥36,000 million. The purpose of the buyback is to improve capital efficiency and enhance shareholder returns. The program will expire on February 26, 2027. As of March 31, 2026, the company had 160,564,878 shares in issue (excluding treasury stock) and 5,026,187 shares in treasury.

TBS Holdings,Inc., Board Meeting, May 14, 2026. Agenda: To consider of Matters Related to Acquisition and Cancellation of Treasury Shares (Acquisition of Treasury Shares Under the Provisions of the Articles of Incorporation Pursuant to the Provisions of Article 165, Paragraph (2) of the Companies Act and Cancellation of Treasury Shares Pursuant to Provisions of Article 178 of the same Act);bto consider the Notice Concerning Items of Business to Be Resolved at Ordinary General Meeting of Shareholders and Opinion of Company's Board of Directors on Shareholder Proposal; to consider the Notice Concerning Partial Amendment to Composition of Special Committee for Appraising Corporate Value and" Policy on Responding to Takeover Proposals for Company Shares"; and to consider the Renewal of "Policy on Responding to Takeover Proposals for Company Shares".

TBS Holdings,Inc. announced that they will report fiscal year 2026 results on May 14, 2026

TBS HOLDINGS, INC. announced at the meeting of the Board of Directors held on April 23, 2026, the appointment of Masaki Yamasaki as Project Executive Officer, effective May 1, 2026. Masaki Yamasaki is the former Director of Benesse Holdings Inc. and former Executive Vice President and Representative Director of Benesse Corporation.

TBS Holdings,Inc., Board Meeting, Apr 23, 2026. Agenda: To appoint an Executive Officer Masaki Yamasaki as Project Executive Officer; and to consider the other matters if any.

TBS HOLDINGS, INC. had previously announced the establishment of a joint venture with CJ ENM Co., Ltd, and U-NEXT HOLDINGS Co., Ltd. which operates streaming platforms, for the purpose of establishing a global creation framework of IPs. The Company hereby announces that details previously described as "To be determined" or "tentative" have been finalized as follows. Name StudioMonowa Co.,Ltd. Representative Director, President and CEO, Gi-Young Choi. Business Planning of audio-visual content, acquisition of, investment in and development of IPs. Capital JPY 1,250 million. Established April 10, 2026. Fiscal Year End December. Net assets JPY 2,500 million. Total assets JPY 2,500 million. Capital Contribution Ratio CJ ENM: 51%, the Company: 40%, U-NEXT HOLDINGS: 9%. The joint venture is expected to become an affiliate of the Company, with contributing 40% of the capital. A few officers and employees of the Company and its subsidiaries are expected to concurrently serve as directors and executive officers of the joint venture. Execution date of the JV Agreement: February 27, 2026. Establishment of the joint venture: April 10, 2026.

TBS Holdings,Inc., Board Meeting, Apr 02, 2026. Agenda: To change the titles and responsibilities of an Executive Officer.

TBS HOLDINGS, INC. announced that it decided to enter into a joint venture agreement (hereinafter, the JV Agreement) with CJ ENM Co., Ltd. and U-NEXT HOLDINGS Co., Ltd., for the purpose of establishing a global creation framework of IPs. The Company formulated the "TBS Group Medium-Term Business Plan 2026" (hereinafter, "MTBP2026") in May 2024 as the phase 2 of the "TBS Group VISION2030." In MTBP2026, the Company formulated growth stories of "Develop content with partner companies around the world" and "Increase the value of TBS content IPs in the global market" and is actively pursuing global expansion. The JV Agreement aims to establish a global creation framework of IPs originated from Japan and South Korea and embodies "Construction of IP development framework with Korean entertainment companies" set out in the MTBP2026. The joint venture to be established in Japan pursuant to the JV Agreement will integrate the "global-standard production and development system" of CJ ENM which has a number of global hits, "one of the largest streaming platforms in Japan" of U-NEXT HOLDINGS, and "content creation ability" of the Company developed from production of a number of dramas and other content. Combining the strengths of the three companies will maximize the IP value originated from Japan to accelerate the revolution to deliver wonderful "moments" to consumers around the world. Overview of the Joint Venture: Location: To be determined (planned to be in Tokyo); Representative: Representative Director, President and CEO, Gi-Young Choi; Business: Planning of audio-visual content, acquisition of, investment in and development of IPs; Capital: JPY 1,250 million; Established: April 2026 (tentative); Fiscal Year End: December; Net assets: JPY 2,500 million; Total assets: JPY 2,500 million. Capital Contribution Ratio: CJ ENM: 51%, the Company: 40%, U-NEXT HOLDINGS: 9%.

TBS Holdings,Inc. reported earnings results for the nine months ended December 31, 2025. For the nine months, the company reported sales was JPY 319,284 million compared to JPY 302,934 million a year ago. Net income was JPY 55,711 million compared to JPY 43,740 million a year ago. Basic earnings per share from continuing operations was JPY 352.94 compared to JPY 271.26 a year ago.

TBS Holdings,Inc., Board Meeting, Feb 05, 2026. Agenda: To Purpose of the Absorption-type Split In its "TBS Group Mid-term Business Plan 2026", the Company aims to improve capital efficiency and is considering managing capital efficiency by portfolio in the future. As part of this effort, the Company has decided to conduct the Absorption-type Split to transfer the TBS Broadcast Center (Location: 5-3-6 Akasaka, Minato-ku, Tokyo, Japan), owned by TBS Television which operates the Media and Content business and others, to the Company; and to consider the other matters if any.

TBS Holdings,Inc. expected to report Fiscal Year 2026 results on May 13, 2026. This event was calculated by S&P Global (Created on January 30, 2026).

TBS Holdings,Inc., Q3 2026 Earnings Call, Feb 06, 2026

TBS HOLDINGS, INC. hereby announced that it resolved to conclude a Capital and Business Alliance Agreement (the ‘Alliance’) with Legend Pictures, LLC (hereinafter, ‘Legendary’), and THE SEVEN US, INC. Purpose of the Alliance: The Company formulated the ‘TBS Group Medium-Term Business Plan 2026’ (‘MTBP2026’) in May 2024, as Phase 2 of the ‘TBS Group VISION2030.’ Under MTBP2026, it is actively promoting overseas expansion, with a growth story centered on ‘Joint development of content with global partner companies’ and ‘Enhancing the value of TBS content IP in the global market.’ Legendary is a film production and media company that has produced numerous live-action works that achieved massive success at the global box office, including ‘DUNE’ series,’ GODZILLA’, and ‘A Minecraft Movie.’ The Alliance aims to establish a global production framework for Japanese IPs by enabling joint development between the Company Group, which has a track record of producing numerous dramas in Japan and has earned global recognition for productions such as ‘Alice in Borderland’ and ‘Yu Yu Hakusho,’ and Legendary, which has continuously created hit live-action adaptations of major IP. This is a realization of the strategies outlined in MTBP2026, namely ‘Establishment of a strategic base in North America’ and ‘Collaboration and IP development with U.S. entertainment companies.’ Details of the Alliance: Details of the Business Alliance: Co-development of video content based on Japanese IP (manga, animation, games, etc.) for global expansion, etc. Details of the Capital Alliance: Company will make an investment in Legendary by having THE SEVEN US, INC, acquire LLC Units to be issued by Legendary. Investment Amount: USD 150,000,000.

TBS Holdings,Inc. (TSE:9401) acquired an unknown minority stake in Legend Pictures, LLC from Apollo Global Management, Inc. (NYSE:APO) and Legendary’s leadership on January 16, 2026. As part of the acquisition, Legendary Entertainment's management and Apollo-affiliated funds will be retaining the majority control in TBS Holdings,Inc. The Raine Group LLC acted as financial advisor for Legend Pictures, LLC. TBS Holdings,Inc. (TSE:9401) completed the acquisition of an unknown minority stake in Legend Pictures, LLC from Apollo Global Management, Inc. (NYSE:APO) and Legendary’s leadership on January 16, 2026.

TBS HOLDINGS, INC. announced the resignation of Shigetoshi Ida, Managing Director, effective December 25, 2025. An internal investigation confirmed that Shigetoshi Ida engaged in the fraudulent reimbursement of entertainment expenses. Having admitted to the findings, he expressed his intent to issue refunds retroactively and offered to resign as Director. TBS HOLDINGS, INC. recognizes this conduct as a breach of trust with stakeholders that should never have occurred. TBS HOLDINGS, INC. will work to prevent any recurrence and continue to strengthen corporate governance.

TBS Holdings,Inc. announced that they will report Q3, 2026 results at 4:30 PM, Tokyo Standard Time on Feb 05, 2026

TBS Holdings,Inc., Board Meeting, Dec 04, 2025. Agenda: To consider resolution to make an additional capital contribution to THE SEVEN US, INC.

TBS Holdings,Inc. revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, company now expects net sales of JPY 431,000 million, operating profit of JPY 24,000 million, profit attributable to owners of parent JPY 52,500 million and earnings per share of JPY 333.15 against previous guidance of net sales of JPY 425,000 million, operating profit of JPY 21,500 million, profit attributable to owners of parent JPY 52,500 million and earnings per share of JPY 337.13. The Company forecasts that net sales, operating profit, and ordinary profit will exceed the previous forecast due to a significant increase in broadcasting revenue, such as from "World Athletics Championships Tokyo 25" at TBS TELEVISION, INC., and the expectation that strong performance in spot advertising revenue, among other factors, will continue from the third quarter onward.

TBS Holdings,Inc. revised year-end dividend guidance for the fiscal year ending March 31, 2026. For the year, the company now expects year-end dividend of JPY 38.00 per share against previous guidance of JPY 35.00 per share. Reason for the revision: The Company's basic policy is to maintain sufficient shareholders' equity to fulfill its important public mission as a certified broadcasting holding company, while aiming to enhance corporate and shareholder value sustainably through business investments that support future growth and competitiveness. Under this policy, in the TBS Group Medium-Term Business Plan 2026, its basic approach is to provide stable and continuous dividends, with a target consolidated dividend payout ratio of 40%. In the event of significant profit fluctuations caused by special factors, the dividend amount will be determined after separately considering their impact. The Company forecasts that profit attributable to owners of parent, excluding special factors, will exceed the previous forecast due to a significant increase in broadcasting revenue, such as from "World Athletics Championships Tokyo 25" at TBS TELEVISION, INC., and the expectation that strong performance in spot advertising revenue, among other factors, will continue from the third quarter onward. After comprehensively considering the above policy and the operating environment surrounding the Company, the interim dividend will be ¥35 per share. The forecast for the year-end dividend will be revised to ¥38 per share, an increase of ¥3 from the previous forecast. As a result, the annual dividend is expected to be ¥73 per share, which represents an increase of ¥5 compared to the actual results of the previous fiscal year.

TBS Holdings,Inc. expected to report Q3 2026 results on February 6, 2026. This event was calculated by S&P Global (Created on November 12, 2025).

TBS Holdings,Inc., ¥ 38.0, Cash Dividend, Mar-30-2026

TBS Holdings,Inc., Board Meeting, Nov 11, 2025. Agenda: To consider Revision of Dividend Forecast for the Fiscal Year Ending March 31, 2026.

TBS Holdings,Inc., Q2 2026 Earnings Call, Nov 13, 2025