Nippon Television (9404) Q3 2026 earnings summary

Executive summary

• Achieved record highs in sales, operating profit, recurring profit, and net income for FY2025 3Q (Apr–Dec), driven by strong advertising, digital, and event-related revenues.

• Net sales for the nine months ended December 31, 2025, rose 7.5% year-over-year to ¥358.7B, with operating profit up 44.8% to ¥54.2B and net income attributable to owners up 57.3% to ¥46.4B.

• Overseas expansion, especially in anime and content, accelerated, with multifaceted AI adoption in production and operations.

• Comprehensive income decreased 24.7% year-over-year to ¥81.7B, mainly due to a lower valuation difference on available-for-sale securities.

Financial highlights

• Consolidated net sales rose 7.5% year-over-year to ¥358.7B; operating profit up 44.8% to ¥54.2B; recurring profit up 48.5% to ¥63.8B; net income attributable to owners up 57.3% to ¥46.4B.

• Gross profit increased to ¥135.9B from ¥116.1B year-over-year.

• Ordinary profit surged 48.5% to ¥63.8B, supported by higher non-operating income, including increased dividend and equity method profits.

• Total assets grew to ¥1,297.97B as of December 31, 2025, up from ¥1,232.12B at the previous fiscal year-end.

• Shareholders' equity ratio improved to 78.1% from 77.9% at the previous year-end.

Outlook and guidance

• FY2025 full-year forecast raised: net sales ¥473B (+2.4%), operating profit ¥59B (+7.4%), recurring profit ¥70B (+9.4%), net income ¥50B (+8.7%).

• Dividend forecast unchanged at ¥40.00 per share; total return ratio target set at 35% or more.

• No revisions have been made to the consolidated forecasts.