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Nippon Television, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%, Exceeded Record Profit Forecast

Thu Mar 19, 2026 3:30 pm JST Revision

9404 Nippon Television Holdings, Inc. 【J-GAAP】

Guidance Update Report

Nippon Television Holdings, Inc. <9404> [TSE Prime] announced a performance revision after the market closed on March 19th (15:30). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 11.4%, from the previous forecast of 70.0 billion yen to 78.0 billion yen (compared to 65.7 billion yen in the previous period), increasing the growth rate from 6.5% to 18.7%. The company has further increased its previous forecast of record profits for the first time in twenty five years.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit has been revised upward 26.5%, from the previous forecast of 30.1 billion yen to 38.1 billion yen (compared to 41.4 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 27.2% to 7.9%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 238,519 25,790 30,199 23,602 95.5 30 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 246,519 33,790 38,199 27,602 111.6 30 Mar 19, 2026 J-GAAP
Revision Rate +3.4% +31.0% +26.5% +16.9% +16.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 473,000 59,000 70,000 50,000 202.2 40 Nov 6, 2025 J-GAAP
Mar, 2026 New 481,000 67,000 78,000 54,000 218.4 40 Mar 19, 2026 J-GAAP
Revision Rate +1.7% +13.6% +11.4% +8.0% +8.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 245,042 33,776 41,469 30,032 119.8 30 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 246,519 33,790 38,199 27,602 111.6 30 Mar 19, 2026 J-GAAP
YoY +0.6% +0.0% -7.9% -8.1% -6.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 423,523 41,877 49,503 34,660 136.4 40 May 9, 2024 J-GAAP
Mar, 2025 461,915 54,917 65,724 46,000 183.4 40 May 8, 2025 J-GAAP
Mar, 2026 Guidance 481,000 67,000 78,000 54,000 218.4 40 Mar 19, 2026 J-GAAP
YoY +4.1% +22.0% +18.7% +17.4% +19.1%

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