Nippon Television Holdings disclosed its financial results for the fiscal year ending March 2024 on May 13, revealing a complex performance landscape. The company reported a modest increase in consolidated sales of 2.3%, reaching 423,523 million yen. However, there was a notable decline in operating income by 10.1% to 41,877 million yen and a 4.4% decrease in ordinary income to 49,503 million yen. Nevertheless, net income rose slightly by 1.7% to 34,660 million yen.
The dip in traditional TV advertising revenues was more than offset by strong performances in diverse sectors, including anime, overseas program sales, the IP business, and movies. The recent addition of Studio Ghibli to the conglomerate’s financial umbrella from the fourth quarter significantly bolstered content sales revenue, which surged by 8.2% to 79,771 million yen.
The anime business emerged as a standout performer within the group, with sales skyrocketing by 79.7% to 6.695 billion yen. Successful titles like “Funeral Freelen” and “Apothecary’s Monologue” contributed to this surge, alongside expanding overseas ventures like the sales of “Anpanman” programs in China. This segment’s sales eclipsed those of other business areas such as movies, events, and IP business, while also recording a remarkable 58% increase in operating income.
While some group companies like Tatsunoko Productions faced challenges, others such as ACM, which operates the Anpanman Museum, enjoyed growth. ACM reported a 13.8% increase in sales to 4,977 million yen and significant gains in operating and ordinary income.
Looking ahead, the full-year contribution of Studio Ghibli in the next fiscal period is expected to further enhance the group’s financial performance, particularly in the anime sector. Nippon Television continues to navigate a shifting media landscape, leveraging its strong anime portfolio and strategic acquisitions like Studio Ghibli to drive future growth and diversify revenue streams.
