Nippon Television Holdings raised its full-year earnings forecast, citing stronger-than-expected performance across its network operations and consolidated subsidiaries. The Tokyo-based media company now projects revenue of ¥457 billion ($3.05 billion) for the fiscal year ending March 31, up 3.4% from its previous estimate.
The company boosted its operating profit outlook by 14.3% to ¥48 billion and raised its recurring profit forecast by 20.8% to ¥58 billion. Net income attributable to shareholders is now expected to reach ¥37 billion, a 5.7% increase from earlier projections.
In a regulatory filing, Nippon Television attributed the improved outlook to robust performance at Nippon Television Network Corporation and its subsidiaries. Additional factors include investment income from recently acquired equity-method affiliates and benefits from reducing cross-shareholdings.
The revised figures represent year-on-year increases across all metrics compared to fiscal 2024 results. Despite the significant earnings upgrade, the company stated it would maintain its previously announced dividend forecast.
Nippon Television, which trades on the Tokyo Stock Exchange’s Prime Market under code 9404, is led by Chairman and CEO Yoshikuni Sugiyama. The company will report its final results for the fiscal year after March 31.
