TV Asahi Released Consolidated Earnings Report for 3M Ended June 30

OREANDA-NEWS. August 2, 2012. 1. Consolidated Performance for the Three Months ended June 30, 2012 (April 1, 2012 - June 30, 2012)

(1) Consolidated Operating Results (percentages indicate year-on-year changes)

	Net sales		Operating income		Recurring profit		Net income
	JPY  million	%	JPY  million	%	JPY  million	%	JPY  million	%
Three months ended June 30, 2012	63,919	11.5	5,156	81.1	5,942	57.1	3,330	52.8
Three months ended June 30, 2011	57,343	(1.8)	2,847	20.3	3,781	14.8	2,180	54.8

Note: Comprehensive income: Three months ended June 30, 2012 JPY  2,529 million (20.3%)               Three months ended June 30, 2011 JPY 2,101 million (—%)

	Net income per share	Diluted net income per share
	JPY	JPY
Three months ended	3,315.97
June 30, 2012		-
Three months ended	2,170.81
June 30, 2011		-

(2) Consolidated Financial Position

	Total assets	Net assets	Owners’ equity* ratio
	JPY  million	JPY  million	%
June 30, 2012	319,322	249,893	76.8
March 31, 2012	318,519	248,531	76.5

*Owners’ equity= Net assets - Share purchase warrants - Minority interests

Note: Owners’ equity: June 30, 2012: JPY  245,258 million; March 31, 2012: JPY 243,820 million

2. Dividends

	Dividend per share
	End-Q1	End-Q2	End-Q3	Year-end	Annual total
	JPY	JPY	JPY	JPY	JPY
FYE March 31, 2012	-	1,000.00	-	1,000.00	2,000.00
FYE March 31, 2013	-
Forecast for FYE March 31, 2013		1,000.00	-	10.00	-

Note: Revisions from the latest release of dividends forecasts: None

Effective October 1, 2012, TV Asahi Corporation will conduct a 1:100 share split. The forecast of the year-end per share dividend for the fiscal year ending March 31, 2013, is calculated taking the share split into consideration.

Without the share split, the total annual per-share dividend would be JPY 2,000.00 (End-Q2: JPY 1,000.00, Year-end:

JPY 1,000.00).

3. Forecast for the Fiscal Year ending March 31, 2013 (April 1, 2012 - March 31, 2013)

            (percentages indicate year-on-year changes)

	Net sales	Operating income	Recurring profit	Net income	Net income per share
Six months ending Sept. 30. 2012	JPY  million % 123,000 6.4	JPY  million % 3,200 (23.8)	JPY  million % 4,200 (25.6)	JPY  million % 2,000 (39.5)	JPY 19.91
FYE March 31. 2013	250,000 4.2	10,500 0.4	12,500 (4.8)	7,700 2.7	76.66

Note: Revisions from the latest release of earnings forecasts: Yes

Effective October 1, 2012, TV Asahi Corporation will conduct a 1:100 share split. Forecasts of net income per share for the six months ending September 30, 2012, and for the fiscal year ending March 31, 2013, are calculated on the assumption that the share split was conducted on April 1, 2012.

4. Other Information

(1)        Changes in consolidation status of major subsidiaries during the term: none

(2)        Accounting methods specific to quarterly consolidated financial statements: yes

(3)        Changes in accounting principles, changes in accounting estimates, and retrospective restatement

1)         Changes in accordance with amendments to accounting standards, etc.: none

2)         Changes other than noted in 1) above: none

3)         Changes in accounting estimates: none

4) Retrospective restatement: none (4) Shares outstanding (ordinary shares)

	June 30, 2012	March 31, 2012
1) Number of shares outstanding (including treasury stock)	1,006,000	1,006,000
2) Number of shares held in treasury	1,582	1,582
	Three months ended June 30, 2012	Three months ended June 30, 2011
3) Average number of shares outstanding during the term	1,004,418	1,004,418

•           Quarterly Review Status

As of this report’s publication, an audit of the consolidated quarterly financial statements in accordance with Japan’s Financial Instruments and Exchange Act was in progress.

*Appropriate Use of Earnings Forecasts and Other Important Information

•           The above forecasts are based on information available as of this report’s publication. Actual results may differ from forecasts due to changes in the business environment.

•           TV Asahi Corporation intends to publish the supplementary material to quarterly financial results on its website on July 31, 2012.

For Reference: Non-Consolidated Forecast

1. Non-Consolidated Forecast for the Fiscal Year ending March 31, 2013 (April 1, 2012 - March 31, 2013)

            (percentages indicate year-on-year changes)

	Net sales	Operating income	Recurring profit	Net income	Net income per share
Six months ending Sept. 30. 2012	JPY  million % 106,300 8.5	JPY  million % 1,100 (43.8)	JPY  million % 2,750 (0.2)	JPY  million % 1,650 1.3	JPY 16.40
FYE March 31. 2013	214,800 4.7	6,100 (0.0)	8,000 11.4	5,200 21.5	51.69

Note: Revisions from the latest release of earnings forecasts: Yes

Effective October 1, 2012, TV Asahi Corporation will conduct a 1:100 share split. Non-Consolidated Forecasts of net income per share for the six months ending September 30, 2012, and for the fiscal year ending March 31, 2013, are calculated on the assumption that the share split was conducted on April 1, 2012.