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Nippon Television (9404) investor relations material
Nippon Television Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2025 saw record-high sales and profits at all levels, driven by strong terrestrial advertising and group company performance, including BS Nippon, Studio Ghibli, MURAYAMA, and la belle vie.
Net sales increased by 4.9% year-over-year to ¥484,418 million for FY2025 ended March 31, 2026.
Operating profit rose 26.2% year-over-year to ¥69,332 million, and net income attributable to owners of parent grew 23.4% to ¥56,767 million.
KANAMEL became a wholly owned subsidiary in April 2026, enhancing global content production and IP creation capabilities.
Strategic investments and content initiatives, including Studio Ghibli and digital expansion, supported growth.
Financial highlights
FY2025 net sales: ¥484.4B (+4.9% YoY); operating profit: ¥69.3B (+26.2% YoY); net income: ¥56.8B (+23.4% YoY).
FY2026 forecast: net sales ¥535B (+10.4%), operating profit ¥49B (-29.3%), net income ¥51.5B (-9.3%).
FY2025 dividend per share: ¥45 (up ¥5 YoY); FY2026 forecast: ¥45, with a projected total return ratio of ~45%.
Stock repurchase: 2.6M shares acquired and cancelled in FY2025; up to 5.2M shares planned for FY2026.
Gain on sale of investment securities: ¥8.3B in FY2025; expected ¥19.5B in FY2026.
Outlook and guidance
FY2026 expects continued sales growth but lower profits due to strategic investments and cost increases.
Ongoing reduction of cross-shareholdings and focus on capital efficiency, with a target total return ratio of 35%+.
Growth investments of ¥100B planned through FY2027, with additional CAPEX and human capital spending.
- Record sales and profit growth, raised outlook, and strong capital and equity position.9404
Q3 20265 Feb 2026 - Record sales, profit growth, digital expansion, and major share buyback boost outlook.9404
Q2 20266 Nov 2025 - Operating profit jumped 52.8% and net income rose 37.5% year-over-year in Q1.9404
Q1 202531 Jul 2025 - Strong sales and profit growth in 2Q FY2024, with robust full-year outlook maintained.9404
Q2 202513 Jun 2025 - Strong 1Q FY2024 results driven by digital ads, Studio Ghibli, and profit growth.9404
Q1 202413 Jun 2025 - Net income and operating profit surged over 30%, with strong digital and capital gains.9404
Q4 20256 Jun 2025 - Sales and profit up on digital and content, net income down; outlook positive.9404
Q3 20255 Jun 2025
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