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Financial results presentation9401TBS HOLDINGS,INC.Information and Communications, Services and Others

FY2025 Financial Results Materials

In FY2025, consolidated net sales reached a record high of ¥424.85 billion, while operating income increased to ¥24.75 billion. The Company also revised the targets, capital allocation and shareholder returns under its medium-term management plan, and forecasts net sales of ¥440.0 billion and operating income of ¥26.0 billion for FY2026.

Worth reading
77Important
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
18149
¥ million (year-on-year change in consolidated net sales)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Financial results presentationFY2025 Financial Results12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥424,850 million+4.5%
Operating profit¥24,750 million+27.1%
Ordinary income¥37,373 million+18.3%
Net income¥52,228 million +18.9%net income attributable to owners of the parent
Operating profit margin
Rate5.83%
Year-on-year change (points)+1.04 percentage points (versus 4.79% in FY2024)
Results for the three months of the current quarterA graph shows the standalone quarterly trends in consolidated net sales and operating income from 1Q through 4Q. In FY2025, net sales and operating income were ¥88,951 million and negative ¥2,669 million, respectively, in 1Q; ¥97,283 million and ¥8,113 million in 2Q; ¥108,625 million and ¥9,241 million in 3Q; and ¥100,633 million and ¥116 million in 4Q.
Full-year earnings forecast
Consolidated revenue
¥4,400 100 million
Consolidated operating profit
¥260 100 million
スタイリングライフグループ net sales
¥76,000 million
スタイリングライフグループ operating income
¥5,000 million
やる気スイッチグループ revenue
¥28,900 million
やる気スイッチグループ operating income
¥3,100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
In FY2025, net sales were ¥100 million below the initial plan, while operating income was ¥3.2 billion above plan. The operating income target of ¥24.0 billion was achieved one year ahead of schedule.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Media and Content net sales
TBS Television+¥15,740 million
WACUL+¥1,249 million
THE SEVEN+¥800 million
TBSスパークル-¥1,444 million
TC Entertainment-¥440 million
TBS GLOWDIA-¥433 million
Media & Content Operating Income
TBS Television+¥9,509 million
TBSスパークル+¥699 million
TBS GLOWDIA-¥713 million
TC Entertainment-¥558 million
Lifestyle operating income
StylingLife Group+¥577 million
Yaruki Switch Group-¥717 million
Real Estate and Other operating income
Akasaka Netsu Kyokyu-¥80 million
New initiatives
  • Introduction of segment-level ROIC management and capital efficiency management
  • Increase debt financing for the Akasaka 2- and 6-chome District Development Plan from ¥44.0 billion to ¥84.0 billion
  • Increase the planned sale of investment securities to ¥135.0 billion
  • Content IP investment, establishment of SAND B, conversion of ケイコンテンツ into a subsidiary, and conversion of WACUL into a subsidiary
  • Investment in Legendary Entertainment
  • Establishment of StudioMonowa, a joint venture with CJ ENM and U-NEXT HOLDINGS
  • Making スタイリングライフ・ホールディングス a wholly owned subsidiary
  • Share repurchases and planned cancellation of 4,500,000 shares
Key KPIsA metric the company considers important as a management benchmark.
  • ROIC3.8%
    Year on year against the same period last yearImproved from 3.1% in FY2024
  • Number of schools2,489 schools
    Year on year against the same period last yearUp 11 schools from 2,478 as of the end of February 2025
  • Number of students138,542 people
    Year on year against the same period last yearUp 137 students from 138,405 as of the end of February 2025
Segment results
Media and Content
Net Sales
¥312,237 million+5.4%
Operating profit
¥14,612 million+72.1%
Lifestyle
Net Sales
¥95,724 million+2.3%
Operating profit
¥2,866 million-18.2%
Real Estate and Other
Net Sales
¥16,888 million0.0%
Operating profit
¥7,271 million-2.6%
Medium-term management plan targets
FY2030
Net Sales¥550.0 billion
Operating profit¥38.5 billion
Operating profit margin7.00%
ROIC5.0%
Updated FY2026 forecast
Net Sales¥440.0 billion
Operating profit¥26.0 billion
ROIC3.8%
Financial targets
ROIC
FY2025 actual3.8%
FY2030 target5.0%
Number of stores and locations
Number of schools
End of period2,489 schools
Change during the period+11 schools
Capital expenditures
¥150 100 million capital expenditure contributing to the advancement of broadcasting
Annual Dividend
FY2025
Annual¥84 per share
Interim¥35 per share
End of period¥49 per share
FY2026 forecast
Annual¥100 per share
Interim¥50 per share
End of period¥50 per share
Payout ratio
FY202525.3%
FY2026 forecast32.4%
PolicyApproximately 40% on a consolidated basis
Acquisition of treasury shares
Total acquisition price¥36.0 billion (maximum)
Number of shares acquired6.5 million shares (maximum)
Period15 May 2026 to 26 February 2027
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFY2025 Financial Results
Net Sales¥424,850 million (YoY +4.5%)
Operating profit¥24,750 million (YoY +27.1%)
Ordinary income¥37,373 million (YoY +18.3%)
Net income¥52,228 million (net income attributable to owners of the parent) (YoY +18.9%)
Operating profit marginRate 5.83% / Year-on-year change (points) +1.04 percentage points (versus 4.79% in FY2024)
Results for the three months of the current quarterA graph shows the standalone quarterly trends in consolidated net sales and operating income from 1Q through 4Q. In FY2025, net sales and operating income were ¥88,951 million and negative ¥2,669 million, respectively, in 1Q; ¥97,283 million and ¥8,113 million in 2Q; ¥108,625 million and ¥9,241 million in 3Q; and ¥100,633 million and ¥116 million in 4Q.
Full-year earnings forecastConsolidated revenue ¥4,400 100 million / Consolidated operating profit ¥260 100 million / スタイリングライフグループ net sales ¥76,000 million / スタイリングライフグループ operating income ¥5,000 million / やる気スイッチグループ revenue ¥28,900 million / やる気スイッチグループ operating income ¥3,100 million
Self-assessment against the planIn FY2025, net sales were ¥100 million below the initial plan, while operating income was ¥3.2 billion above plan. The operating income target of ¥24.0 billion was achieved one year ahead of schedule.
Segment resultsMedia and Content Net Sales ¥312,237 million (YoY +5.4%) / Operating profit ¥14,612 million (YoY +72.1%) / Lifestyle Net Sales ¥95,724 million (YoY +2.3%) / Operating profit ¥2,866 million (YoY -18.2%) / Real Estate and Other Net Sales ¥16,888 million (YoY 0.0%) / Operating profit ¥7,271 million (YoY -2.6%)
Breakdown of Factors Affecting the ChangeMedia and Content net sales TBS Television +¥15,740 million / WACUL +¥1,249 million / THE SEVEN +¥800 million / TBSスパークル -¥1,444 million / TC Entertainment -¥440 million / TBS GLOWDIA -¥433 million / Media & Content Operating Income TBS Television +¥9,509 million / TBSスパークル +¥699 million / TBS GLOWDIA -¥713 million / TC Entertainment -¥558 million / Lifestyle operating income StylingLife Group +¥577 million / Yaruki Switch Group -¥717 million / Real Estate and Other operating income Akasaka Netsu Kyokyu -¥80 million
Key KPIsIndicator name ROIC / Value 3.8% / Year on year against the same period last year Improved from 3.1% in FY2024, Indicator name Number of schools / Value 2,489 schools / Year on year against the same period last year Up 11 schools from 2,478 as of the end of February 2025, Indicator name Number of students / Value 138,542 people / Year on year against the same period last year Up 137 students from 138,405 as of the end of February 2025
Number of stores and locationsNumber of schools End of period 2,489 schools / Change during the period +11 schools
Medium-term management plan targetsFY2030 Net Sales ¥550.0 billion / Operating profit ¥38.5 billion / Operating profit margin 7.00% / ROIC 5.0% / Updated FY2026 forecast Net Sales ¥440.0 billion / Operating profit ¥26.0 billion / ROIC 3.8%
Financial targetsROIC FY2025 actual 3.8% / FY2030 target 5.0%
Annual DividendFY2025 Annual ¥84 per share / Interim ¥35 per share / End of period ¥49 per share / FY2026 forecast Annual ¥100 per share / Interim ¥50 per share / End of period ¥50 per share
Payout ratioFY2025 25.3% / FY2026 forecast 32.4% / Policy Approximately 40% on a consolidated basis
Acquisition of treasury sharesTotal acquisition price ¥36.0 billion (maximum) / Number of shares acquired 6.5 million shares (maximum) / Period 15 May 2026 to 26 February 2027
Capital expenditures¥150 100 million (capital expenditure contributing to the advancement of broadcasting)
New initiativesIntroduction of segment-level ROIC management and capital efficiency management, Increase debt financing for the Akasaka 2- and 6-chome District Development Plan from ¥44.0 billion to ¥84.0 billion, Increase the planned sale of investment securities to ¥135.0 billion, Content IP investment, establishment of SAND B, conversion of ケイコンテンツ into a subsidiary, and conversion of WACUL into a subsidiary, Investment in Legendary Entertainment, Establishment of StudioMonowa, a joint venture with CJ ENM and U-NEXT HOLDINGS, Making スタイリングライフ・ホールディングス a wholly owned subsidiary, Share repurchases and planned cancellation of 4,500,000 shares
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

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

In the Media & Content segment, increased broadcasting revenue, supported by strong ratings, and growth in streaming advertising revenue contributed to higher sales and income. The Lifestyle segment reported higher sales due to an increase in the number of students and strong performance at PLAZA and BCL, but income declined due to higher personnel expenses at やる気スイッチグループ and other factors. The Real Estate & Other segment reported lower income due to higher expenses.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
FY2025 Financial Results Materials | TBS HOLDINGS,INC. (9401) timely disclosure | Komori