Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
32.9
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales339,487million yenYear on year +4.8%Progress 97.0%
Operating profit26,181million yenYear on year +32.9%Progress 130.9%
Ordinary income36,572million yenYear on year +28.2%Progress 130.6%
Net income attributable to owners of the parent29,654million yenYear on year +14.9%Progress 118.6%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥294.33
Operating Margin7.7%
Financial position at period-end
Total assets581,109million yen
of which net assets 467,686 million yenEquity ratio 80.1%vs. prior year-end +0.5pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+24,946
Investment-9,282
Financials-11,189
Net change+4,475
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period44,230 million yen
Segment revenueTelevision Broadcasting Business 248,750 million yen (YoY +5.0%), Internet Business 36,087 million yen (YoY +13.3%), Shopping Business 18,400 million yen (YoY -9.0%), Other businesses 52,481 million yen (YoY +3.2%)
Segment profitTelevision Broadcasting Business 18,758 million yen (YoY +66.2%), Internet Business 5,310 million yen (YoY +43.6%), Shopping Business 1,082 million yen (YoY -28.1%), Other businesses 1,074 million yen (YoY -66.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales350,000 million yen (YoY +3.1%)
Operating profit20,000 million yen (YoY -23.6%)
Ordinary income28,000 million yen (YoY -23.4%)
Net income25,000 million yen (YoY -15.7%)
Annual Dividend Forecast70 yen → 100 yen
Payout ratioFiscal year ending March 2026 23.8% / Fiscal year ending March 2027 (forecast) 40.2%
Shareholder Return PolicyA consolidated dividend payout ratio of approximately 40% is the target. Except in cases such as a significant deterioration in earnings due to a sharp worsening of the business environment, the minimum annual dividend per share will be ¥60.
Factors Behind Changes in Business Performance
Revenue and profit increased due to strong spot advertising revenue, higher revenue from the music publishing and internet businesses, higher advertising rate levels, and a sales strategy focused on unit prices. For the next fiscal year, business expansion is expected following the opening of Tokyo Dream Park, while time-based and spot advertising revenue is expected to decline.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNo (0 additions, 0 exclusions)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 7,001 million yen, Other 497 million yen / Extraordinary loss Impairment Loss on Investment Securities 362 million yen, Provision for allowance for doubtful accounts 1,736 million yen, Loss associated with changes to the system development plan 551 million yen, Other 337 million yen
Depreciation and amortization9,214 million yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End108,529,000
Treasury Shares at Period-End7,989,666
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | 339,487 million yen (YoY +4.8%) |
| Operating profit | 26,181 million yen (YoY +32.9%) |
| Ordinary income | 36,572 million yen (YoY +28.2%) |
| Profit attributable to owners of the parent | 29,654 million yen (YoY +14.9%) |
| Net income per share | ¥294.33 |
| Operating Margin | 7.7% |
| Equity ratio | End of the current fiscal period 80.1 / End of previous period 79.6 |
| Total assets | 581,109 million yen |
| Net assets | 467,686 million yen |
| Cash flows from operating activities | 24,946 million yen |
| Cash flows from investing activities | -9,282 million yen |
| Cash flows from financing activities | -11,189 million yen |
| Cash and cash equivalents at end of period | 44,230 million yen |
| Full-year earnings forecast | Net Sales 350,000 million yen (YoY +3.1%) / Operating profit 20,000 million yen (YoY -23.6%) / Ordinary income 28,000 million yen (YoY -23.4%) / Net income 25,000 million yen (YoY -15.7%) |
| Annual Dividend Forecast | 70 yen → 100 yen |
| Payout ratio | Fiscal year ending March 2026 23.8% / Fiscal year ending March 2027 (forecast) 40.2% |
| Shareholder Return Policy | A consolidated dividend payout ratio of approximately 40% is the target. Except in cases such as a significant deterioration in earnings due to a sharp worsening of the business environment, the minimum annual dividend per share will be ¥60. |
| Segment revenue | Television Broadcasting Business 248,750 million yen (YoY +5.0%), Internet Business 36,087 million yen (YoY +13.3%), Shopping Business 18,400 million yen (YoY -9.0%), Other businesses 52,481 million yen (YoY +3.2%) |
| Segment profit | Television Broadcasting Business 18,758 million yen (YoY +66.2%), Internet Business 5,310 million yen (YoY +43.6%), Shopping Business 1,082 million yen (YoY -28.1%), Other businesses 1,074 million yen (YoY -66.9%) |
| Depreciation and amortization | 9,214 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities 7,001 million yen, Other 497 million yen / Extraordinary loss Impairment Loss on Investment Securities 362 million yen, Provision for allowance for doubtful accounts 1,736 million yen, Loss associated with changes to the system development plan 551 million yen, Other 337 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | No (0 additions, 0 exclusions) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts) |
| Issued Shares at Period-End | 108,529,000 |
| Treasury Shares at Period-End | 7,989,666 |
| Factors Behind Changes in Business Performance | Revenue and profit increased due to strong spot advertising revenue, higher revenue from the music publishing and internet businesses, higher advertising rate levels, and a sales strategy focused on unit prices. For the next fiscal year, business expansion is expected following the opening of Tokyo Dream Park, while time-based and spot advertising revenue is expected to decline. |
Items this document does not state (5)
Revision to Earnings ForecastRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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.For the fiscal year, strong spot advertising revenue, higher revenue from the music publishing and internet businesses, higher advertising rates, and a sales strategy focused on unit prices contributed to the results. For the next fiscal year, time-based and spot advertising revenue is expected to decline due to rising prices and uncertainty over the business environment, while business expansion is expected following the opening of Tokyo Dream Park.
How to read this page
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