TBS Holdings, Inc. (TSE: 9401) — the holding company of the Tokyo Broadcasting System (TBS) television and radio network, with media, content and real-estate operations — reported full-year results on May 14, 2026 for the fiscal year ended March 2026. Revenue rose 4.5% to ¥424,850 million, operating profit jumped 27.1% to ¥24,750 million, ordinary profit gained 18.3% to ¥37,373 million, and net profit attributable to owners rose 18.9% to ¥52,228 million, lifting EPS to ¥331.42 from ¥273.04.
Equity portfolio drives a huge swing in comprehensive income
Net profit again exceeded ordinary profit, reflecting gains on the sale of investment securities from TBS's large equity portfolio. The portfolio also drove a dramatic swing in total comprehensive income, to a positive ¥234,950 million from a negative ¥186,316 million a year earlier, as market valuations recovered. Ordinary profit of ¥37,373 million benefited from non-operating income on top of the 27% rise in operating profit.
Higher dividend and steady guidance
Total assets stood at ¥1,628,220 million and net assets at ¥1,135,390 million, for an equity ratio of 69.3% and book value per share of ¥7,192.17. TBS raised its annual dividend to ¥84.00 per share (¥35 interim + ¥49 year-end) from ¥68.00 and plans a further increase to ¥100.00 for FY2027. During the year it consolidated four companies, including WACUL and THE SEVEN US.
For the year ending March 2027 the company guided revenue of ¥440,000 million (+3.6%), operating profit of ¥26,000 million (+5.1%), ordinary profit of ¥39,000 million (+4.4%) and net profit of ¥48,500 million (−7.1%), equivalent to EPS of ¥308.86 — with the bottom line easing as the prior year's securities gains do not recur.
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 424,850 | 406,700 | +4.5% |
| Operating profit (¥ million) | 24,750 | 19,465 | +27.1% |
| Ordinary profit (¥ million) | 37,373 | 31,604 | +18.3% |
| Net profit (¥ million) | 52,228 | 43,914 | +18.9% |
| EPS (¥) | 331.42 | 273.04 | +21.4% |
| Comprehensive income (¥ million) | 234,950 | −186,316 | — |
| Annual dividend (¥) | 84.00 | 68.00 | +23.5% |
| FY2027 guidance — revenue (¥ million) | 440,000 | — | +3.6% |
| FY2027 guidance — net profit (¥ million) | 48,500 | — | −7.1% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.