Daily Brief Consumer: Nexstar Broadcasting Group, Inc, Playtika Holding Corp, Anjoy Foods Group, Lancaster Colony, Cts Eventim Ag & Co Kgaa, TSE Tokyo Price Index TOPIX and more

• Simeon McMillan, founder of Accrued Interest, has a unique perspective on the broadcast television industry, with experience as a banker and executive in prominent media companies.
• The broadcast television industry has evolved from the hub and spoke model of major networks to a more consolidated landscape, with companies like Nexstar Media Group emerging as major players.
• McMillan will discuss the revenue streams, impact of cord cutting, and strategic investments within the industry, providing insights into the structure and evolution of broadcast television.

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• Playtika Holding Corp reported a strong first quarter of 2025, achieving a record revenue of over $700 million, marking their highest quarterly revenue to date.
• This success reflects the robustness of their diverse portfolio of mobile games and showcases their ability to support and grow acquired franchises.
• The global launch of Disney Solitaire in April has shown promising early performance, demonstrating the potential for it to become a significant contributor to Playtika’s revenue, alongside the established success of their flagship titles.

• Anjoy Food Group launched its Hong Kong IPO aiming to raise up to HK$2,639 million (US$336 million). The company plans to sell 39.9 million shares at HK$66 per share.
• Anjoy is the largest quick-frozen food company in China, with a market share of 6.6% and 39 signature products, each generating revenue exceeding RMB 100 million.
• Pricing pressure due to intense market competition is the concern that seems will persist in the near term. However, the company has long-term growth opportunities.

• Lancaster Colony Corporation delivered mixed results for its fiscal year 2025 third quarter.
• Despite the 2.9% decline in consolidated net sales to $458 million, the company achieved record gross profit and operating income, reaching $106 million and $50 million, respectively.
• This highlights effective cost management and operational efficiencies in a challenging sales environment.

• CTS EVENTIM reported solid financial performance for the first quarter, driven by key strategic acquisitions and overall market dynamics.
• For the quarter, revenue reached approximately EUR 500 million, marking an increase of 22% compared to the same period last year.
• The growth was primarily fueled by the consolidation of newly acquired businesses, such as See Tickets and France Billet, which contributed notable revenue increments alongside moderate growth within existing operations.

• Most companies with voluntary nomination committees have majority of committee members as outside directors, and two-thirds have outside directors as chairpersons, but it’s difficult to establish a statutory nomination committee.
• It’s unclear whether voluntary nomination committee can make proactive proposals or whether it simply follows proposals made by CEO, and to how much influence the decisions of voluntary committee have.
• More than half of listed companies have former presidents and other executives serving as advisors or consultants. Concerns remain that former board directors may still be involved in management.