Nippon Television Holdings, Inc. (TSE: 9404) reported consolidated results for the fiscal year ended March 31, 2026 (FY3/2026) under J-GAAP. Revenue rose 4.9% year-on-year to ¥484,418 million, operating profit jumped 26.2% to ¥69,332 million, ordinary profit rose 24.9% to ¥82,081 million, and net profit attributable to owners of the parent climbed 23.4% to ¥56,767 million. EPS was ¥228.07 (diluted ¥225.98), and comprehensive income rose 10.2% to ¥64,248 million. The operating margin was 14.3%.
Broadcasting and content drive profit higher
Nippon Television Holdings is Japan's top-rated commercial broadcaster and owns a broad media and content portfolio that includes Studio Ghibli, the Hulu streaming service in Japan, and real-estate and lifestyle businesses. Higher profit reflected solid advertising, content and other-segment results.
Large, well-capitalised balance sheet
Total assets were ¥1,282,562 million, net assets ¥1,031,083 million and the equity ratio 77.6% (BPS ¥4,021.88). Operating cash flow was ¥60,781 million and period-end cash and equivalents ¥129,551 million.
Dividend raised to ¥45
The FY3/2026 annual dividend was ¥45.00 (¥10 interim + ¥35 year-end), a consolidated payout ratio of 21.6%, up from ¥40.00 a year earlier; the same ¥45.00 is forecast for FY3/2027.
FY27 guidance: profit set to fall on investment
For FY3/2027, management guides higher revenue of ¥535,000 million (+10.4%) but lower profit as it invests: operating profit of ¥49,000 million (−29.3%), ordinary profit of ¥59,000 million (−28.1%) and net profit of ¥51,500 million (−9.3%), with EPS of ¥208.18.
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 484,418 | 461,915 | +4.9% |
| Operating profit (¥ million) | 69,332 | 54,917 | +26.2% |
| Ordinary profit (¥ million) | 82,081 | 65,724 | +24.9% |
| Net profit attrib. to owners (¥ million) | 56,767 | 46,000 | +23.4% |
| EPS (¥) | 228.07 | 183.42 | +24.3% |
| ROE | 5.8% | 4.9% | +0.9pp |
| Annual dividend (¥) | 45.00 | 40.00 | +12.5% |
| FY27 operating profit guidance (¥ million) | 49,000 | — | -29.3% |
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.