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Nippon BS Broadcasting, First Half Ordinary Profit Decreases by 25%, Dec-Feb Ordinary Profit Decreases by 23%
9414 Nippon BS Broadcasting Corporation 【J-GAAP】
Earnings ReportNippon BS Broadcasting Corporation <9414> [TSE Std] announced its financial results after the market closed on April 9th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) decreased 25.4% from the same period last year to 0.87 billion yen. Progress toward the full-year plan of 1.88 billion yen was 46.4%, also falling below the five-year average of 52.7%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the March to August period (second half) is expected to grow 24.8% from the same period last year, reaching 1.01 billion yen.
In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit decreased to 0.47 billion yen, a 23.4% decrease compared to the same period last year. The operating profit margin decreased from 20.5% in the same period last year to 15.6%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Feb, 2023 | 5,936 | 927 | 930 | 642 | 36.1 | 44.3 | Apr 4, 2024 | J-GAAP |
| Sep - Feb, 2024 | 5,889 | 1,159 | 1,174 | 801 | 45.0 | 59.1 | Apr 10, 2025 | J-GAAP |
| Sep - Feb, 2025 | 5,834 | 849 | 876 | 596 | 33.4 | 46.4 | Apr 9, 2026 | J-GAAP |
| YoY | -0.9% | -26.7% | -25.4% | -25.6% | -25.7% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Feb, 2025 Guidance | 6,079 | 830 | 858 | 576 | 32.3 | 0 | Oct 9, 2025 | J-GAAP |
| Sep - Feb, 2025 Results | 5,834 | 849 | 876 | 596 | 33.4 | 0 | Apr 9, 2026 | J-GAAP |
| Revision Rate | -4.0% | +2.3% | +2.1% | +3.5% | +3.5% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2025 | 5,923 | 773 | 811 | 544 | 30.5 | 30 | Oct 9, 2025 | J-GAAP |
| Mar - Aug, 2026 Guidance | 6,742 | 955 | 1,012 | 710 | 39.8 | 30 | Apr 9, 2026 | J-GAAP |
| YoY | +13.8% | +23.5% | +24.8% | +30.5% | +30.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Aug, 2024 | 12,241 | 2,083 | 2,097 | 1,455 | 81.7 | 30 | Oct 10, 2024 | J-GAAP |
| Aug, 2025 | 11,812 | 1,932 | 1,985 | 1,345 | 75.5 | 30 | Oct 9, 2025 | J-GAAP |
| Aug, 2026 Guidance | 12,576 | 1,804 | 1,888 | 1,306 | 73.2 | 30 | Oct 9, 2025 | J-GAAP |
| YoY | +6.5% | -6.6% | -4.9% | -2.9% | -3.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - Feb, 2024 | 2,997 | 614 | 625 | 436 | 24.5 | 20.5 | Apr 10, 2025 | J-GAAP |
| Mar - May, 2025 | 2,858 | 385 | 393 | 261 | 14.7 | 13.5 | Jul 10, 2025 | J-GAAP |
| Jun - Aug, 2025 | 3,065 | 388 | 418 | 283 | 15.9 | 12.7 | Oct 9, 2025 | J-GAAP |
| Sep - Nov, 2025 | 2,879 | 388 | 397 | 260 | 14.6 | 13.5 | Jan 8, 2026 | J-GAAP |
| Dec - Feb, 2025 | 2,955 | 461 | 479 | 336 | 18.9 | 15.6 | Apr 9, 2026 | J-GAAP |
| YoY | -1.4% | -24.9% | -23.4% | -22.9% | -23.0% |
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