P.2 Contents / Editorial Policy

Table of Contents/Editorial Policy Contents

Introduction

Corporate Philosophy and Brand Statement Table of Contents/Editorial Policy Growth Trajectory Strategy

Message from the President

Message from the President Message from the President of TBS TELEVISION, INC.

TBS Group at a Glance

At a Glance Materiality Value Creation Model

Medium-Term Business Plan 2026

Progress toward the Business Targets Message from the CFO

Growth Strategies

Message from the CGO Global Strategy New IP Strategy EduTainment Strategy

Strategies for Business

Media and Content Business Lifestyle Business Real Estate and Other Businesses 01 02 03 05 11 14 15 16 17 18 22 26 27 29 30 37 41 Sustainability

Business Foundation

Sustainability Management Policy Message from the CHRO Message from the CSO Compliance Human Rights Human, Intellectual and Manufactured Capital Environment and SDGs 42 44 45 46 47 49 58 Governance

Corporate Governance

Corporate Governance Structure Dialogue Between the Chairman and Outside Directors Officers and Board of Directors Cross-Shareholdings and Response to Takeover Proposals for Company Shares Risk Management Dialogue with Shareholders/Investors 63 65 69 74 75 78

Performance and Corporate Information

Financial Data from Past 10 Years Non-Financial Data Company and Investor Information 79 80 81

Editorial Policy

The TBS Group set forth that it will “pursue and provide Content IPs producing Timeless Value” in Medium-Term Business Plan 2026 (hereinafter MTBP2026) to achieve VISION 2030, and is committed to value creation and sustainable growth.

The purpose of this report is to help a wide range of stakeholders, including share- holders and investors, gain a comprehensive understanding of TBS’s “strategy,” “sustain- ability,” and “governance.” Based on feedback on the previous year’s report received through our ongoing dialogue with our stakeholders, we priori- tized readability, streamlined the content,

and reduced the number of pages. We have also made greater use of external links to make the content more concise, while strengthening the linkage between financial and non-financial information. Furthermore,

leveraging our expertise as a content compa- ny, we created videos for content that cannot be fully covered in this report and provided links to them, aiming to better meet the needs of our stakeholders. We hope this re-

port helps our shareholders, investors, and all

other stakeholders gain a better understand- ing of the TBS Group.

Corporate Information Landscape Medium- to long-term perspective Integrated Report Financial Financial results presentation materials ESG Data Book Non-financial Annual Securities Corporate Report Governance Report Result Related websites Investor relations https://www.tbsholdings.co.jp/ir/ Sustainability website https://www.tbsholdings.co.jp/sustainability/ ESG Data Book https://www.tbsholdings.co.jp/sustainability/ ESGdatabook.html Corporate Governance Report https://www.tbsholdings.co.jp/about/governance/ Reference guidelines In compiling the report, we referred to the International Financial Reporting Standards Foundation’s International Integrated Reporting Framework, the Ministry of Economy, Trade and Industry’s Guidance for Integrated Corporate Dis- closure and Company-Investor Dialogue for Collaborative Value Creation 2.0, the Task Force on Climate-Related Finan- cial Disclosures (TCFD), and other guidelines. * While the report covers the TBS Group from April 2025 to March 2026 in principle, events before and after this period are also included to provide important context and current information. 02