Thank you for your continued support of the ABC Group.

 

Looking back on the fiscal year ended March 31, 2024, Japanese companies performed well due to the weaker yen and higher material costs being passed on to prices, despite increasing division in the world. While the spread of generative AI is having a major impact on people’s lives and corporate activities, there have also been signs that it may generate and spread false information, which has made us all the more aware of our role in disseminating accurate and reliable information.

 

Against this backdrop, the Company worked on its first prime time in-house nationwide network drama series in 28 years. Moreover, in order to further strengthen our content business, we reorganized Group companies and expanded functions in the fields of animation and live-action content. These efforts are the foundation for our future growth. As a result of these initiatives, the Group’s business performance continued to increase in revenues, but profits decreased significantly due to the burden of prior investment costs in the content field, delays in planned businesses, and poor performance. Unfortunately, profit attributable to owners of parent was negative due to impairment loss, etc., caused by reviewing the business plans of Group companies. The business environment surrounding the Company is changing rapidly, and it will continue to be difficult to navigate, but we will make the most of our resources and work together as a Group to restore profitability in order to take the next step forward.

 

There are only two years left in our current medium-term management strategy NEW HOPE.

 

We will continue to further improve corporate value by bringing together the power of our human resources, who have created accurate information and unique content, and delivered it to consumers, for over 70 years since our founding.

 

I ask you to continue your steadfast support for the Company going forward.

 

 

Susumu Okinaka

Representative Director and President

Asahi Broadcasting Group Holdings Corporation