Nippon Television HD Loss of over 16 billion yen Decrease in TIPNESS users at Corona November 2, 19:17

Nippon Television Holdings Co., Ltd. announced that it will record a loss of more than 16 billion yen, including a reduction in accounting assets, as the number of users at its subsidiary sports club "TIPNESS" has decreased significantly due to the impact of the new coronavirus.

According to the announcement, Nippon Television Holdings has made "TIPNESS", which is operated by a sports club, a wholly owned subsidiary, but due to the influence of the new coronavirus, it has been forced to take a temporary suspension, and even after resuming business, users have not fully recovered. That is.



For this reason, in addition to reducing the accounting assets called "goodwill" of TIPNESS, the accounting value of sports club equipment will also be reduced, and a total of 16.4 billion yen will be recorded as an extraordinary loss.



The company will announce this loss on the 5th of this month and will reflect this loss in the interim financial results for the six months to September.



Many sports clubs have been forced to take a temporary leave due to the spread of the new coronavirus infection, which is affecting the management of the operating company.