TBS Holdings to book gain on securities sale, raises forecasts

** Tokyo Broadcasting System Holdings (TBS Holdings) announced it expects to record a special profit of approximately ¥5 billion ($33 million USD) due to the sale of investment securities, triggering revisions to its full-year consolidated earnings and dividend forecasts. The decision, approved by the board today, involves the sale of listed shares held by TBS and its subsidiaries. The action aligns with a review of strategic shareholdings under the Corporate Governance Code. As a result, TBS has raised its net profit forecast to ¥43 billion ($287 million USD), an increase of ¥2.4 billion ($16 million USD). Concurrently, the company raised its year-end dividend forecast to ¥41 per share, bringing the total annual dividend to ¥68 per share. TBS Holdings also announced it has been selected as a constituent of the "FTSE4Good Index Series," "FTSE Blossom Japan Index," and "FTSE Blossom Japan Sector Relative Index". These indices are focused on ESG investment.