J.LEAGUE’s FY2024 budget had a deficit of 1.2 billion yen, due in part to growth investment implemented to expand the fan base and the introduction of a new allocation system aimed at reinforcing realization of our philosophy (mission). The financial result forecast for FY2024 formulated in response to these circumstances includes an increase in ordinary income of 800 million yen, mainly due to an expected increase in revenue from public broadcasting rights fees, and a decrease in ordinary expenses of 900 million yen due to cost reductions. Therefore, the overall forecast for income and expenses is for a surplus of 600 million yen. Compared to the 2023 financial results, the surplus has declined by 2.1 billion yen due to the above factors, as well as to an increase in J.LEAGUE’s operating expenses following the increase in the number of J1 LEAGUE clubs, an increase in broadcaster response expenses resulting from investment in TV programming, and an increase in costs for expanding the fan base, including utilization of the Japan National Stadium.

Graphs

YOY

（Unit: 100 million yen）

Account	Fiscal 2023 A	2024 financial forecast C	Increase/Decrease C-A
Ordinary income
Sponsorship income	57	58	0
Public transmission rights fee income	194	213	18
Other income	52	46	▲6
Total of ordinary income	304	316	12
Ordinary expenses
①Operating cost	270	301	31
League operating cost	29	37	8
Funds allocated to clubs	112	121	9
Expenses for measures to expand the fan base	12	15	4
Investment in local media exposure	13	18	5
Other operating cost	104	109	6
②Administration cost	9	10	1
Total of ordinary expenses	278	310	32
operating activities	26	6	▲20
Non-operating activities	0	▲1	▲1
Total changes in unrestricted net assets	26	5	▲21

Compare to budget

（Unit: 100 million yen）

Account	Budget 2024 B	2024 financial forecast C	Compared to budget C-B
Ordinary income
Sponsorship income	55	58	2
Public transmission rights fee income	209	213	4
Other income	44	46	2
Total of ordinary income	308	316	8
Ordinary expenses
①Operating cost	311	301	▲10
League operating cost	37	37	▲0
Funds allocated to clubs	121	121	0
Expenses for measures to expand the fan base	15	15	0
Investment in local media exposure	17	18	1
Other operating cost	121	109	▲12
②Administration cost	9	10	1
Total of ordinary expenses	320	310	▲9
operating activities	▲12	6	17
Non-operating activities	0	▲1	▲1
Total changes in unrestricted net assets	▲12	5	16

J.LEAGUE’s FY2025 income and expenditure budget has been prepared with a view to expanding investment, so as to promote its growth strategy by utilizing the surplus primarily. The main topics related to the income and expenditure budget are as follows.

Increase in ordinary income

Securing of additional income from sales expansion both domestically and internationally

Increase in funds allocated to clubs

Increase in funds allocated to clubs as a result of, among other factors, the start of the second year of payments under the new allocation system aimed at reinforcing realization of our philosophy (mission)

Increase in expenses for local exposure and broadcaster response

Increase in expenses for promoting J.LEAGUE clubs’ exposure and measures to attract spectators

Graphs

YOY

（Unit: 100 million yen）

Account	Budget 2024 A	Budget 2025 C	Increase/Decrease C-A
Ordinary income
Sponsorship income	55	66	11
Public transmission rights fee income	209	219	11
Other income	44	43	▲1
Total of ordinary income	308	328	20
Ordinary expenses
①Operating cost	311	334	23
League operating cost	37	38	1
Funds allocated to clubs	121	126	5
Expenses for measures to expand the fan base	15	16	1
Investment in local media exposure	17	30	13
Other operating cost	121	123	2
②Administration cost	9	10	1
Total of ordinary expenses	320	343	24
operating activities	▲12	▲15	▲3
Non-operating activities	0	0	0
Total changes in unrestricted net assets	▲12	▲15	▲3

Compared to financial forecast

（Unit: 100 million yen）

Account	2024 financial forecast B	Budget 2025 C	Increase/Decrease C-B
Ordinary income
Sponsorship income	58	66	8
Public transmission rights fee income	213	219	7
Other income	46	43	▲3
Total of ordinary income	316	328	12
Ordinary expenses
①Operating cost	301	334	33
League operating cost	37	38	1
Funds allocated to clubs	121	126	5
Expenses for measures to expand the fan base	15	16	1
Investment in local media exposure	18	30	12
Other operating cost	109	123	14
②Administration cost	10	10	0
Total of ordinary expenses	310	343	33
operating activities	6	▲15	▲21
Non-operating activities	▲1	0	1
Total changes in unrestricted net assets	5	▲15	▲20