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Revision of earnings forecasts4676FUJI MEDIA HOLDINGS,INC.Information and Communications, Services and Others

Notice Concerning the Recognition of Adjustments to Income Taxes, Revisions to Full-Year Earnings Forecasts, and Dividend Forecast

The full-year earnings forecast for the fiscal year ending March 2026 was revised downward, reducing revenue by ¥900 million, operating income by ¥1.5 billion, ordinary income by ¥500 million, and net income attributable to owners of the parent by ¥16 billion. While additional deferred income tax expense is expected to be recognized, the dividend forecast remains unchanged from the previously announced figures.

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Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 3 February 2026
Net Sales552,700→551,800million
-0.2%
Operating profit-7,200→-8,700million
-20.8%
Ordinary income-2,300→-2,800million
-21.7%
Profit attributable to owners of the parent22,500→6,500million
-71.1%
Net income per share108.86→32.85yen and sen
-69.8%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Broadcasting revenue at Fuji Television Network and rental and property-sale revenue at Sankei Building exceeded expectations. However, revenue, operating income, and ordinary income are expected to fall below the previous forecasts due mainly to the recognition of an approximately ¥6.3 billion impairment loss related to animation production costs at PONY CANYON. In addition, the expected recognition of deferred tax liabilities of approximately ¥16.7 billion associated with consideration of off-balance-sheet treatment for the urban development and tourism businesses is expected to result in the recognition of approximately ¥12.7 billion in additional deferred income tax expense.

Details and amount of extraordinary loss

Impairment loss related to animation production costs: approximately ¥6.3 billion (not explicitly identified as an extraordinary loss)

Previous-period resultsFiscal Period Covered Fiscal year ending March 2025 / Net Sales ¥550,761 million (yen and sen for net income per share) / Operating profit ¥18,293 million (yen and sen for net income per share) / Ordinary income ¥25,180 million (yen and sen for net income per share) / Profit attributable to owners of the parent ¥-20,134 million (yen and sen for net income per share) / Net income per share ¥-95.74 million (yen and sen for net income per share)
Dividend forecast revisionNo revision (unchanged from the dividend forecast announced on 3 February 2026)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥552,700 million → ¥551,800 million(-0.2%)
Operating profit¥-7,200 million → ¥-8,700 million
Ordinary income¥-2,300 million → ¥-2,800 million
Profit attributable to owners of the parent¥22,500 million → ¥6,500 million(-71.1%)
Net income per share108.86 yen and sen → 32.85 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast3 February 2026
Previous-period resultsFiscal Period Covered Fiscal year ending March 2025 / Net Sales ¥550,761 million (yen and sen for net income per share) / Operating profit ¥18,293 million (yen and sen for net income per share) / Ordinary income ¥25,180 million (yen and sen for net income per share) / Profit attributable to owners of the parent ¥-20,134 million (yen and sen for net income per share) / Net income per share ¥-95.74 million (yen and sen for net income per share)
Reason for the revisionBroadcasting revenue at Fuji Television Network and rental and property-sale revenue at Sankei Building exceeded expectations. However, revenue, operating income, and ordinary income are expected to fall below the previous forecasts due mainly to the recognition of an approximately ¥6.3 billion impairment loss related to animation production costs at PONY CANYON. In addition, the expected recognition of deferred tax liabilities of approximately ¥16.7 billion associated with consideration of off-balance-sheet treatment for the urban development and tourism businesses is expected to result in the recognition of approximately ¥12.7 billion in additional deferred income tax expense.
Details and amount of extraordinary lossImpairment loss related to animation production costs: approximately ¥6.3 billion (not explicitly identified as an extraordinary loss)
Dividend forecast revisionNo revision (unchanged from the dividend forecast announced on 3 February 2026)
Consolidated / non-consolidatedConsolidated

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Broadcasting revenue at Fuji Television Network and rental and property-sale revenue at Sankei Building exceeded expectations. However, revenue, operating income, and ordinary income are expected to fall below the previous forecasts due mainly to the recognition of an approximately ¥6.3 billion impairment loss related to animation production costs at PONY CANYON. In addition, deferred tax liabilities of approximately ¥16.7 billion associated with consideration of off-balance-sheet treatment for the urban development and tourism businesses are expected to result in the recognition of approximately ¥12.7 billion in additional deferred income tax expense.

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Notice Concerning the Recognition of Adjustments to Income Taxes, Revisions to Full-Year Earnings Forecasts, and Dividend Forecast | FUJI MEDIA HOLDINGS,INC. (4676) timely disclosure | Komori