kabutan

Nippon Television, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 7% Increase, Highest in Twenty Five Terms

Thu Nov 6, 2025 4:30 pm JST Earnings

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

Earnings Report

Nippon Television Holdings, Inc. <9404> [TSE Prime] announced its financial results after the market closed on November 6th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 39.8 billion yen, an increase 64.1% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 9.4%, from the previous forecast of 64.0 billion yen to 70.0 billion yen (compared to 65.7 billion yen in the previous period), reaches new record high for the first time in twenty five terms, turning to a 6.5% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 27.2% from the same period last year to 30.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 68.5% from the same period last year, reaching 17.9 billion yen. The operating profit margin significantly improved from 8.8% in the same period last year to 13.1%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 196,000 16,796 20,846 13,701 53.8 42.1 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 216,873 21,141 24,255 15,968 63.7 36.9 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 234,481 33,210 39,801 26,398 105.7 56.9 Nov 6, 2025 J-GAAP
YoY +8.1% +57.1% +64.1% +65.3% +66.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 10 May 8, 2025 J-GAAP
Apr - Sep, 2025 Results 234,481 33,210 39,801 26,398 105.7 10 Nov 6, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 466,000 55,000 64,000 47,000 189.9 40 May 8, 2025 J-GAAP
Mar, 2026 New 473,000 59,000 70,000 50,000 202.0 40 Nov 6, 2025 J-GAAP
Revision Rate +1.5% +7.3% +9.4% +6.4% +6.4%

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 238,519 25,790 30,199 23,602 95.4 30 Nov 6, 2025 J-GAAP
YoY -2.7% -23.6% -27.2% -21.4% -20.4%

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 473,000 59,000 70,000 50,000 202.0 40 Nov 6, 2025 J-GAAP
YoY +2.4% +7.4% +6.5% +8.7% +10.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 110,786 9,703 10,669 5,211 20.8 8.8 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 116,740 16,283 18,680 13,553 54.0 13.9 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 128,302 17,493 22,789 16,479 65.7 13.6 May 8, 2025 J-GAAP
Apr - Jun, 2025 114,649 17,475 21,826 14,788 59.2 15.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 119,832 15,735 17,975 11,610 46.5 13.1 Nov 6, 2025 J-GAAP
YoY +8.2% +62.2% +68.5% +122.8% +123.7%

Related Articles