Shochiku to transfer BS Shochiku Tokyu shares, waive claims

** Shochiku Co., Ltd. (TSE: 9601) announced today that it will transfer its shares of equity-method affiliate BS Shochiku Tokyu Co., Ltd. to JCOM Co., Ltd. The decision comes as Shochiku withdraws from the BS broadcasting business, a plan initially announced in February 2025. As part of the agreement, Shochiku will acquire all shares of BS Shochiku Tokyu from its current shareholders before transferring them to JCOM. Additionally, Shochiku will waive its claims against BS Shochiku Tokyu, amounting to JPY600 million as of the end of May 2025. The share transfer is expected to be executed on July 1, 2025. While an extraordinary income is expected for the fiscal year ending February 2026, the precise amount is still under review, and Shochiku has stated that they will promptly disclose the impact if it is deemed necessary.