WOWOW Inc. (the "Company") announces the financial targets in the Medium-Term Management Plan (FY2025-2029) (the "Medium-Term Management Plan"), which was announced on May 15, 2025, as described below.
1.Financial Targets
Under the Medium-Term Management Plan, the Company has rolled out a variety of services to provides "enthusiasm" to the daily lives of memberships' daily lives. The Company has aimed to raise satisfaction among subscribers to its existing broadcasting and transmitted services and, by acquiring new members, to increase the number of "adults who enthusiastically," as set out in its purpose.
As part of "launching a new streaming service," a priority strategy of the Medium-Term Management Plan, the Company has established WOWOW Lemino Inc. ("WOWOW Lemino") on October 1, 2026, as a joint venture with NTT DOCOMO, Inc. ("NTT DOCOMO"). On the same date, WOWOW Lemino took over the entertainment video content distribution business "Lemino" and began operating it.
In addition, as WOWOW Lemino became a consolidated subsidiary of the Company on the same date, the Company announces the financial targets in the Medium-Term Management Plan.
| FY2025 （Result） |
FY2026 |
FY2027 |
FY2028 |
FY2029 |
|
| Revenue | 77.1 | 82.2 | 96 | 102 | 108 |
| Operating Income | 1.4 | -5.2 | -1.5 | 3.5 | 6 |
（Billion yen）
While the Company assumes that the broadcasting business will shrink, it will limit the decline in revenue from its existing broadcasting and transmitted services (WOWOW On Demand). At the same time, it will build a customer base for the video streaming service "Lemino" as its new streaming service. Through these efforts, it aims to reach 6.6 million subscriptions across the entire WOWOW Group in FY2029, the final year of the plan.
From FY2026 through FY2027, the Company expects to post a consolidated Operating Income loss, as it plans to invest in strengthening content and marketing to expand our video streaming service "Lemino". The Company aims to return to consolidated operating profit in FY2028. In FY2029 and beyond, it will continue to expand revenue and business operations to achieve sustainable growth for the entire Group.
2. Other
For details, please refer to p.15 to p.19 of the "Summary of 2Q FY2026 (Interim Period) Earnings" announced today.
(Note) The above information are based on available data of the Company as of the date of this document and on certain assumptions that the Company considers reasonable. Actual results may differ materially due to various factors.
End
| Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. |