Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
5
Increase in total payout ratio (percentage points)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet SalesNot disclosed → ¥7,000 100 million (FY2033 target)
Operating profitNot disclosed → ¥700 100 million (FY2033 target)
Only the target level is shown because the current level for comparison was not provided.Total investment plan¥100 billion growth investment allocation (Medium-Term Management Plan 2025-2027)
Statements about the use of capital
Payout ratio / DOE policyRaise the target for the total payout ratio from 35% or more to 40% or more. Applicable from the fiscal year ending March 2027. Aim for continuous and stable dividends.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyContinue flexibly in response to the business environment and market conditions.
Key initiatives
01Expansion of the content business into overseas markets
02Strengthening the drama production platform
03Maximising anime earnings
04Local production of variety shows
05Diversification of content business earnings
06Investment in human capital, capital expenditure, research and development investment, and other areas
Plan assumptionsDevelopments including the revised Corporate Governance Code and the Ministry of Economy, Trade and Industry's "Growth Investment Guidance."
Risks identified by the company
Response to disaster broadcasting
The financial burden associated with installing broadcasting facilities and other measures in mountainous and island regions with extremely small populations
Securing cash on hand to maintain broadcasting under any emergency
Reason for revision or withdrawal
Because of developments including the revised Corporate Governance Code and the Ministry of Economy, Trade and Industry's "Growth Investment Guidance." Because the company aims to generate earnings through proactive growth investment and enhance shareholder returns while maintaining financial soundness.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2025-2027 |
| Plan period | 2025-2027 |
| Progress against the plan | Formulated |
| Sales Target | Not disclosed → ¥7,000 100 million (FY2033 target) |
| Operating profit target | Not disclosed → ¥700 100 million (FY2033 target) |
| Payout ratio / DOE policy | Raise the target for the total payout ratio from 35% or more to 40% or more. Applicable from the fiscal year ending March 2027. Aim for continuous and stable dividends. |
| Treasury share acquisition policy | Continue flexibly in response to the business environment and market conditions. |
| Total investment plan | ¥100 billion growth investment allocation (Medium-Term Management Plan 2025-2027) |
| Plan assumptions | Developments including the revised Corporate Governance Code and the Ministry of Economy, Trade and Industry's "Growth Investment Guidance." |
| Key initiatives | Expansion of the content business into overseas markets, Strengthening the drama production platform, Maximising anime earnings, Local production of variety shows, Diversification of content business earnings, Investment in human capital, capital expenditure, research and development investment, and other areas |
| Reason for revision or withdrawal | Because of developments including the revised Corporate Governance Code and the Ministry of Economy, Trade and Industry's "Growth Investment Guidance." Because the company aims to generate earnings through proactive growth investment and enhance shareholder returns while maintaining financial soundness. |
| Risks identified | Response to disaster broadcasting, The financial burden associated with installing broadcasting facilities and other measures in mountainous and island regions with extremely small populations, Securing cash on hand to maintain broadcasting under any emergency |
| Publication date | 5 November 2026 |
Items this document does not state (12)
Operating profit margin targetNet income targetROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planSize of the Target MarketDate of board resolution
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.This reflects developments including the revised Corporate Governance Code and the Ministry of Economy, Trade and Industry's "Growth Investment Guidance." The company aims to generate earnings through growth investment and enhance shareholder returns while maintaining financial soundness. It also considers it necessary, as a broadcaster, to maintain cash on hand in preparation for disasters and emergencies in order to fulfil its public mission.
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.