Nippon Television (9404) Q1 2025 earnings summary

Executive summary

• Achieved record-high sales and profits in FY2025 1Q, driven by robust advertising, events/content business, and strong contributions from anime-related companies and la belle vie.

• Net sales rose 8.1% year-over-year to ¥114.6B for the first quarter ended June 30, 2025.

• Operating profit increased 52.8% year-over-year to ¥17.5B, with ordinary profit up 60.6%.

• Net income attributable to owners grew 37.5% year-over-year to ¥14.8B.

Financial highlights

• Consolidated net sales rose 8.1% year-over-year to ¥114.6B; operating profit up 52.8% to ¥17.5B.

• Gross profit improved to ¥43.3B from ¥36.0B year-over-year.

• EPS for the quarter was ¥59.19, up from ¥42.85 in the prior year.

• Shareholders' equity ratio rose to 78.9% from 77.9% at the previous fiscal year-end.

• Nippon TV segment net sales up 9.5% to ¥75.0B; operating profit up 72.2% to ¥12.3B.

Outlook and guidance

• FY2025 full-year net sales forecast at ¥466.0B (+0.9% YoY); operating profit forecast at ¥55.0B (+0.2%).

• Recurring profit forecast at ¥64.0B and net income at ¥47.0B.

• Full-year EPS forecasted at ¥187.73.

• Dividend forecast set at ¥40 per share, with a total return ratio target of 35% or more.

• Terrestrial TV advertising revenue expected to grow 1.5% (time) and 2.3% (spot) year-over-year.