■Performance Trends
6. financial status
(1) Financial position
The total assets of Nippon BS Broadcasting ＜9414＞ as of the end of the second quarter of the 2024/8 fiscal year increased by 50 million yen from the end of the previous fiscal year to 24,807 million yen. The main factors are a decrease in bills receivable and accounts receivable of 369 million yen, uncollected consumption tax of 100 million yen, tangible fixed assets of 266 million yen, intangible fixed assets of 14 million yen, and an increase of cash and deposits of 711 million yen, and inventory assets of 100 million yen. As for liabilities, there was a decrease of 128 million yen compared to the end of the previous fiscal year to 2,021 million yen. The main factors are an increase in unpaid consumption tax of 96 million yen and a decrease of 227 million yen in unpaid consumption tax. Net assets increased 179 million yen from the end of the previous fiscal year to 22,785 million yen. The main reason is that retained earnings increased by 179 million yen due to the expenditure of 462 million yen of year-end dividend of 2023/8 and the recording of quarterly net income of 642 million yen attributable to parent company shareholders. As a result, the capital adequacy ratio as of the end of the second quarter of the fiscal year ending 2024/8 was 91.8% (up 0.6 points from the end of the previous fiscal year), and the current ratio was 898.3% (up 72.5 points from the same period). Although it is a broadcasting industry with a high equity ratio compared to other industries, the company is in a high position among them, and management stability is increasing.
(2) Cash flow situation
Cash and cash equivalent balances at the end of the second quarter of the fiscal year ending 2024/8 were 14,310 million yen, an increase of 711 million yen compared to the end of the previous fiscal year. Cash flow from operating activities amounted to 1,184 million yen (revenue of 691 million yen for the same period last year). It is mainly due to the recording of net profit of 930 million yen for the quarter prior to tax adjustments, corporate tax payments of 234 million yen, etc. Cash flow from investment activities was an expenditure of 9 million yen (expenditure of 799 million yen in the same period last year). It is mainly due to expenditure of 5 million yen due to acquisition of tangible fixed assets and 3 million yen of expenditure due to acquisition of intangible fixed assets. Cash flow from financial activities was expenditure of 463 million yen (expenditure of 326 million yen for the same period last year). This is mainly due to the payment of 462 million yen in dividends.
(Author: FISCO Analyst Tomokazu Murase)