TBS Head OfficeThe Japanese economy continued its rapid contraction during the fiscal year. Beginning in September 2008, the so-called “Lehman shock” triggered historic economic slowdowns, and both corporate earnings and employment took a sharp turn for the worse as exports shrank significantly. Moreover, the end of the fiscal year brought fluctuations in the stock market and even more anxiety about the economic downturn.
The broadcasting industry was also deeply affected by the worldwide recession, as companies made sharp reductions in one of their costs—the number of sponsored programs. For this reason, television and radio advertising revenues fell below the levels of the previous year, with the exception of advertising revenue from satellite broadcasting, which held steady.
These circumstances prompted the TBS Group to take proactive steps to increase corporate earnings and income from sales and development by holding programming-related events at our corporate headquarters and akasaka Sacas. The opening of akasaka Sacas last spring generated a new real estate-based income stream in addition to our earnings from our broadcasting ventures. These steps allowed us to manage the changes in the business climate and build a foundation for sustainable growth.
As a result, business income for this consolidated fiscal year rose 18.1% over the previous year to ¥372.306 billion, but profits decreased 13.5% from the previous fiscal year to ¥19.979 billion, while partial reversal of deferred tax assets resulted in current net profits of ¥1.655 billion, a 91.3% decrease.
Seeking new ways to promote further efficiency and stability, maximizing corporate value and shareholder return, TBS Group reinvented itself as an authorized broadcast holding company as of April 2009. We changed our corporate name to “Tokyo Broadcasting System Holdings, Inc.” and assumed the role of managing the group companies, while our wholly owned subsidiary TBS Television became the successor and licensee for our Television Broadcasting Business and our Multi-visual Ventures and Culture Business.
| Date of Establishment | May 10, 1951(Registered on May 17) | |
| Company Name | Tokyo Broadcasting System, Incorporated | |
| Head Office | 5-3-6 Akasaka, Minato-ku, Tokyo, 107-8006, Japan | |
| Paid-in Capital | ￥54,986,892,896 | |
| Number of Employees | 1,109 | |
| Business Activities | Authorized broadcast holding company, administration and management of subsidiaries, real estate, television stations (JORX-TV, Channel 6) terrestrial digital broadcasting (JORX-DTV Channel 22 [Channel 6 on the remote]), radio broadcasting (JOKR, 954kHz) |
(As of March 31, 2009)
| Name of shareholder | Number of shares held (shares) | Percentage held (%) |
| Rakuten Inc. | 37,770,700 | 19.83 |
| The Master Trust Bank of Japan, Ltd. (PensionTrust Account held for Dentsu, Inc.) |
9,310,500 |
4.88 |
| The Master Trust Bank of Japan, Ltd. (Trust Account) | 8,449,700 | 4.43 |
| Nippon Life Insurance Co. | 7,821,735 |
4.10 |
| Mainichi Broadcasting System, Inc. | 6,166,000 | 3.23 |
| Sumitomo Mitsui Banking Corp. | 5,745,267 |
3.01 |
| Mitsui Fudosan Co., Ltd. |
5,713,728 |
3.00 |
| Japan Trustee Services Bank, Ltd. |
5,187,800 |
2.72 |
| Mitsui &Co., Ltd. |
4,288,000 |
2.25 |
| Bic Camera, Inc. | 3,810,000 | 2.00 |
(As of March 31, 2009)
This corporate group is engaged mainly in television and radio broadcasting, as well as production and sales of visual and audio media, cultural productions, and associated maintenance and other services.
TBS was engaged in the following businesses during the consolidated fiscal year;
| Segment | Service |
| Broadcasting | Broadcasting related ventures, broadcasting, program production, video technology, art production, computer graphics, audio technology, lighting technology, camera reportage, investments in cable television, investment in video, etc. |
| Program sales and cultural events |
Events, baseball promotion, planning and production of visual media, production and sale of video and audio media, planning and production of audio media,baseball promotion [sic], miscellaneous retailing, mail order sales, manufacture and sale of cosmetics, eating and drinking establishments, manufacture and sale of Western-style confections |
| Realestate | Real estate leasing, maintenance and service business, studio management, heating and cooling, parking facility management, leasing of machinery, insurance agents, real estate leasing [sic], etc. |
| Other businesses | Other services, surveys and research |
