Announcement • Jun 26
Fuji Media Holdings, Inc. to Report Q1, 2027 Results on Aug 04, 2026 Fuji Media Holdings, Inc. announced that they will report Q1, 2027 results on Aug 04, 2026 Board Change • May 20
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. CEO, President, MD of Corporate Planning, Public Relations & Investor Relations and Director Kenji Shimizu is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 12
Fuji Media Holdings, Inc., Annual General Meeting, Jun 25, 2026 Fuji Media Holdings, Inc., Annual General Meeting, Jun 25, 2026. Announcement • Mar 29
Murakami-Linked Firm Reportedly Aims to Buy Fuji Media's Real Estate Biz Atra, an investment firm linked to Japanese activist investor Yoshiaki Murakami, has proposed together with others to acquire Fuji Media Holdings, Inc.'s (TSE:4676) real estate business for JPY 350 billion, it was learned on March 27, 2026. Fuji Media Holdings Inc. is currently considering introducing outside capital for its real estate operations, including the outright sale of the business. After Fuji Media Holdings Inc. announced plans to spin off its real estate business last month, Murakami and others sold most of their stakes in the media group under a share buyback program. It was later found, however, that Atra, which did not join the share buyback program, had newly acquired a 1.29% stake in Fuji Media Holdings Inc. The media group said on March 25, 2026 that it had raised concerns about the stake acquired by Atra and called on Murakami and others to sell their shareholdings in Fuji Media Holdings Inc. In a written response released on March 26, 2026, the activist investor's team said Fuji Media Holdings Inc. President Kenji Shimizu had admitted that the company could not prevent firms other than participants in the share buyback program from buying shares. Announcement • Mar 28
Fuji Media Holdings, Inc. to Report Fiscal Year 2026 Results on May 12, 2026 Fuji Media Holdings, Inc. announced that they will report fiscal year 2026 results on May 12, 2026 Announcement • Feb 03
Fuji Media Holdings, Inc. (TSE:4676) announces an Equity Buyback for 71,000,000 shares, representing 34.37% for ¥235,000 million. Fuji Media Holdings, Inc. (TSE:4676) announces a share repurchase program. Under the program, the company will repurchase up to 71,000,000 shares, representing 34.37% of issued share capital, for ¥235,000 million. The purpose of the program is to improve return on capital through improvement to capital efficiency, as well as to enhance shareholder returns. The program will expire on March 31, 2026. As of February 3, 2026, the company had 206,600,649 issued and outstanding shares (excluding treasury shares) and 27,593,851 in treasury. Announcement • Dec 25
Fuji Media Holdings, Inc. to Report Q3, 2026 Results on Feb 03, 2026 Fuji Media Holdings, Inc. announced that they will report Q3, 2026 results on Feb 03, 2026 Announcement • Nov 11
Fuji Media Holdings, Inc. (TSE:4676) announces an Equity Buyback for 20,000,000 shares, representing 9.5% for ¥50,000 million. Fuji Media Holdings, Inc. (TSE:4676) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 9.50% of issued share capital, for ¥50,000 million. The purpose of the program is to improve return on capital through improvement to capital efficiency, as well as to enhance shareholder returns. The program will expire on November 10, 2026. As of September 30, 2025, the company had 210,460,722 issued and outstanding shares (excluding treasury shares) and 23,733,778 in treasury. Announcement • Nov 09
Fuji Media Holdings Inc. Announces the Resignation of Michiyo Yasuda as Executive Managing Director Fuji Media Holdings Inc. has announced that Executive Managing Director Michiyo Yasuda resigned over her inappropriate expense claims. Yasuda has made inappropriate claims for expenses totaling about 1 million yen in some 60 cases since 2020, including falsifying the number of attendees at dinners. She also resigned as director of Fuji Television Network Inc. Yasuda, a former Fuji TV reporter, was appointed to Fuji Media's board at a shareholders' meeting in June, as part of a management renewal after the group's corporate culture was questioned over its handling of a sexual assault scandal involving former TV star Masahiro Nakai. Fuji Media learned about Yasuda's expense claims in mid-September and investigated past records. She admitted to the irregularities, expressed her intention to refund the money, and offered to resign. She did not make the expenses for personal purposes, such as buying personal belongings, according to the group. Announcement • Sep 26
Fuji Media Holdings, Inc. to Report Q2, 2026 Results on Nov 10, 2025 Fuji Media Holdings, Inc. announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • Jun 26
Fuji Media Holdings, Inc. to Report Q1, 2026 Results on Jul 31, 2025 Fuji Media Holdings, Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 Announcement • Jun 25
Fuji Media Holdings, Inc. Announces Establishment of Nomination and Remuneration Committee on June 25, 2025 Fuji Media Holdings, Inc. announced that the Board of Directors, at its meeting held on June 25, 2025, resolved to establish a Nomination and Remuneration Committee as a voluntary advisory body for the Board of Directors. Purpose of Establishment of the Committee: A Nomination and Remuneration Committee will be established under the Board of Directors to strengthen the independence, objectivity, and accountability of the Board's functions related to the nomination of directors and executive officers (including succession planning) and to further enhance the Company's corporate governance. Role of the Committee: The Nomination and Remuneration Committee will deliberate and make recommendations on the following matters at the request of the Board of Directors. Matters concerning the appointment and dismissal of directors; Matters concerning remuneration, etc. of directors (excluding Audit and Supervisory Committee members); Matters concerning the appointment and dismissal of executive officers; Matters concerning remuneration, etc. of executive officers; Matters concerning succession planning; and Other matters concerning the above that the Board of Directors recognizes as necessary. Date of Establishment: June 25, 2025. Announcement • May 28
Dalton Investments Provides Information to Shareholders of Fuji Media Holdings On May 28, 2025, Dalton Investments LLC announced that it has spoken with Aya Nomura, Fuji Media Holdings Inc's shareholder and Dalton Investments is collaborating with other investors to pressure the Company to spin off its real estate arm. In addition, Dalton Investments stated that spinning off the property unit could potentially double the Company's value, and Dalton Investments stated that proposal for 12 new directors was rejected by Company earlier this month, it is also demanding the Company to unwind cross shareholdings, and it stated that the Company plans to continue investing in real estate, which it believes will generate further growth. Announcement • May 16
Fuji Media Holdings, Inc., Annual General Meeting, Jun 25, 2025 Fuji Media Holdings, Inc., Annual General Meeting, Jun 25, 2025. Announcement • May 13
Dalton Investments Seeks Talks with Fuji Media to Avoid Proxy Fight On May 12, 2025, Dalton Investments announced its demands to Fuji Media Holdings, urging changes in board members, a spin-off of its real estate business, and corporate governance reforms, while seeking to avoid a proxy fight. Announcement • Apr 04
Nomura Aya Acquires Shares of Fuji Media Holdings and Provides Advice to Management On April 3, 2025, Nomura Aya (Murakami Yoshiaki’s eldest daughter) announced that she has acquired over 5% of Fuji Media Holdings, Inc. shares, totaling 12,156,700 shares, with the intent to provide advice to management and make important proposals depending on the situation. The Company is currently facing management turmoil due to issues related to former entertainer Nakai Masahiro. Announcement • Mar 27
Fuji Media Holdings, Inc. to Report Fiscal Year 2025 Results on May 16, 2025 Fuji Media Holdings, Inc. announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 16, 2025 Announcement • Mar 06
Fuji Media Holdings, Inc. Announces Changes to Members of Management Advisory Committee Fuji Media Holdings, Inc. announced that the Management Advisory Committee is a body in which the majority of the members are independent outside directors, and it is chaired by an independent outside director. Upon consultation requests by the Board, the Committee confers, advises, and makes proposals on general management issues of the Company, matters concerning appointments and dismissals of directors, matters concerning compensation of directors (excluding directors who are audit & supervisory committee members), and additional matters related to items listed above which the Board deems necessary. The Company has decided to make the following changes to the Committee members. Committee composition: Yuzaburo Mogi, Position at the Company: Director who is an Audit & Supervisory Committee Member (Independent outside director), Position at the Committee: Chairperson. Akira Kiyota, Position at the Company: Director who is an Audit & Supervisory Committee Member (Independent outside director), Position at the Committee: Member. Shinichiro Ito, Position at the Company: Director who is an Audit & Supervisory Committee Member (Independent outside director), Position at the Company: Member. Osamu Kanemitsu, Position at the Company: President and Representative Director, Position at the Committee: Member (new appointment). Kenji Shimizu, Position at the Company: Executive Vice President, Position at the Committee: Member (new appointment). Hisashi Hieda resigned from his position as a committee member as of February 27. Shuji Kanoh resigned from his position as a committee member following his resignation as Representative Director and Director of the Company as of January 27. Kenji Shimizu concurrently serves as President and Representative Director of Fuji Television Network, Inc. Date of change and assumption of office is February 27, 2025. Announcement • Feb 05
Fuji Media Holdings, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Fuji Media Holdings, Inc. revised consolidated earnings guidance for the fiscal year ending March 31, 2025. For the period, the company expected net sales of JPY 548,200 million, operating income of JPY 18,000 million, profit attributable to the owners of parent of JPY 9,800 million and earnings per share of JPY 46.60 compared to previous guidance of net sales of JPY 598,300 million, operating income of JPY 35,300 million, profit attributable to the owners of parent of JPY 29,000 million and earnings per share of JPY 137.27. In the Media & Content segment, following recent reported involving Fuji Television Network, Inc. ("Fuji TV"), advertisers have suspended their commercials on Fuji TV, leading the network to replace them with public service announcements (AC ads). Fuji TV has also received requests to cancel ad placements. To maintain the trust it has built with advertisers and encourage the early resumption of ad placements, Fuji TV has decided not to charge advertising fees for the replaced AC ads and canceled ads. As a result, a significant decline in advertising revenue for the fourth quarter is expected at Fuji TV. Consequently, its non-consolidated net sales, operating income, recurring profit, and net income are projected to fall below expectations. Announcement • Dec 28
Fuji Media Holdings, Inc. to Report Q3, 2025 Results on Feb 05, 2025 Fuji Media Holdings, Inc. announced that they will report Q3, 2025 results on Feb 05, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥25.39 (vs JP¥22.21 in 2Q 2024) Second quarter 2025 results: EPS: JP¥25.39 (up from JP¥22.21 in 2Q 2024). Revenue: JP¥138.5b (up 2.4% from 2Q 2024). Net income: JP¥5.36b (up 9.7% from 2Q 2024). Profit margin: 3.9% (up from 3.6% in 2Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 25
Fuji Media Holdings, Inc. to Report Q2, 2025 Results on Nov 07, 2024 Fuji Media Holdings, Inc. announced that they will report Q2, 2025 results at 3:30 PM, Tokyo Standard Time on Nov 07, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%). Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥33.92 (vs JP¥23.29 in 1Q 2024) First quarter 2025 results: EPS: JP¥33.92 (up from JP¥23.29 in 1Q 2024). Revenue: JP¥129.6b (down 2.0% from 1Q 2024). Net income: JP¥7.25b (up 40% from 1Q 2024). Profit margin: 5.6% (up from 3.9% in 1Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €9.15, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Media industry in Germany. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.92 per share. Declared Dividend • Jul 11
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 239%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Fuji Media Holdings, Inc. to Report Q1, 2025 Results on Aug 02, 2024 Fuji Media Holdings, Inc. announced that they will report Q1, 2025 results on Aug 02, 2024 Announcement • May 31
Dalton Investments Pushes Fuji Media Holdings for Management Buyout On May 30, 2024, Dalton Investments LLC sent a letter to Fuji Media Holdings, Inc. outlining a proposal to take the group private through a management buyout. Dalton Investments stated that the Company would be delisted following the buyout. Dalton Investments also stated that it sees the potential to raise the Company's value through a restructuring that involves asset sales. In addition to recommending the Company to focus on content and other areas of the broadcast business, Dalton Investments' proposal suggested raising funds for the buyout by securitizing real estate holdings and selling cross-held shares. Dalton Investments has been calling for the Company to improve capital efficiency. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €11.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Media industry in Germany. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.66 per share. New Risk • May 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • May 11
Fuji Media Holdings, Inc., Annual General Meeting, Jun 26, 2024 Fuji Media Holdings, Inc., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥169 (vs JP¥211 in FY 2023) Full year 2024 results: EPS: JP¥169 (down from JP¥211 in FY 2023). Revenue: JP¥566.4b (up 5.8% from FY 2023). Net income: JP¥37.1b (down 21% from FY 2023). Profit margin: 6.5% (down from 8.7% in FY 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Fuji Media Holdings, Inc. (TSE:4676) announces an Equity Buyback for 10,000,000 shares, representing 4.57% for ¥15,000 million. Fuji Media Holdings, Inc. (TSE:4676) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 4.57% of issued share capital, for ¥15,000 million. The purpose of the program is to improve return on capital through improvement to capital efficiency, as well as to enhance shareholder returns. The program will expire on March 31, 2025. As of February 29, 2024, the company had 218,919,010 issued and outstanding shares (excluding treasury shares) and 15,275,490 in treasury. Announcement • Mar 27
Fuji Media Holdings, Inc. to Report Fiscal Year 2024 Results on May 09, 2024 Fuji Media Holdings, Inc. announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.8%). Announcement • Feb 16
Fuji Media Holdings, Inc. Provides Dividend Guidance for the Year Ending March 31, 2024 Fuji Media Holdings, Inc. provided dividend guidance for the year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 24.00 per share. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥42.21 (vs JP¥40.46 in 3Q 2023) Third quarter 2024 results: EPS: JP¥42.21 (up from JP¥40.46 in 3Q 2023). Revenue: JP¥142.5b (up 4.4% from 3Q 2023). Net income: JP¥9.20b (up 2.3% from 3Q 2023). Profit margin: 6.5% (down from 6.6% in 3Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 24
Fuji Media Holdings, Inc. to Report Q3, 2024 Results on Feb 06, 2024 Fuji Media Holdings, Inc. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: JP¥22.21 (vs JP¥17.76 in 2Q 2023) Second quarter 2024 results: EPS: JP¥22.21 (up from JP¥17.76 in 2Q 2023). Revenue: JP¥135.3b (up 10% from 2Q 2023). Net income: JP¥4.88b (up 24% from 2Q 2023). Profit margin: 3.6% (up from 3.2% in 2Q 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
Fuji Media Holdings, Inc. to Report Q2, 2024 Results on Nov 02, 2023 Fuji Media Holdings, Inc. announced that they will report Q2, 2024 results at 3:00 PM, Tokyo Standard Time on Nov 02, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥24.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 07 December 2023. Payout ratio is a comfortable 20% and the cash payout ratio is 92%. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%). Announcement • Aug 18
Fuji Media Holdings, Inc. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2024 Fuji Media Holdings, Inc. provided consolidated earnings guidance for the full year ending March 31, 2024. For the full year, the company expects net sales of JPY 557,700 million, operating profit of JPY 32,000 million and net income attributable to owners of parent of JPY 26,000 million or JPY 117.62 per basic share. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥23.29 (vs JP¥35.00 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.29 (down from JP¥35.00 in 1Q 2023). Revenue: JP¥132.3b (up 4.5% from 1Q 2023). Net income: JP¥5.17b (down 34% from 1Q 2023). Profit margin: 3.9% (down from 6.1% in 1Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 26
Fuji Media Holdings, Inc. to Report Q1, 2024 Results on Aug 03, 2023 Fuji Media Holdings, Inc. announced that they will report Q1, 2024 results on Aug 03, 2023 Announcement • May 19
Fuji Media Holdings, Inc. (TSE:4676) announces an Equity Buyback for 10,000,000 shares, representing 4.44% for ¥10,000 million. Fuji Media Holdings, Inc. (TSE:4676) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 4.44% of issued share capital, for ¥10,000 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and to improve shareholder returns by improving capital efficiency. The program will expire on March 31, 2024. As of March 31, 2023, the company had 225,354,666 issued and outstanding shares (excluding treasury shares) and 8,839,834 in treasury. Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥211 (vs JP¥112 in FY 2022) Full year 2023 results: EPS: JP¥211 (up from JP¥112 in FY 2022). Revenue: JP¥535.6b (up 2.0% from FY 2022). Net income: JP¥46.9b (up 88% from FY 2022). Profit margin: 8.7% (up from 4.7% in FY 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (7.1%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥40.46 (vs JP¥57.87 in 3Q 2022) Third quarter 2023 results: EPS: JP¥40.46 (down from JP¥57.87 in 3Q 2022). Revenue: JP¥136.4b (down 11% from 3Q 2022). Net income: JP¥9.00b (down 30% from 3Q 2022). Profit margin: 6.6% (down from 8.4% in 3Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Announcement • Dec 24
Fuji Media Holdings, Inc. to Report Q3, 2023 Results on Feb 07, 2023 Fuji Media Holdings, Inc. announced that they will report Q3, 2023 results at 3:00 PM, Tokyo Standard Time on Feb 07, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥17.76 (vs JP¥42.71 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.76 (down from JP¥42.71 in 2Q 2022). Revenue: JP¥122.5b (down 5.9% from 2Q 2022). Net income: JP¥3.95b (down 58% from 2Q 2022). Profit margin: 3.2% (down from 7.3% in 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 18% per year. Reported Earnings • Nov 04
Second quarter 2023 earnings released: EPS: JP¥17.76 (vs JP¥42.71 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.76 (down from JP¥42.71 in 2Q 2022). Revenue: JP¥122.5b (down 5.9% from 2Q 2022). Net income: JP¥3.95b (down 58% from 2Q 2022). Profit margin: 3.2% (down from 7.3% in 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €9.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is also forecast to grow by 5.7% per annum over the same time period. Announcement • Sep 23
Fuji Media Holdings, Inc. to Report Q2, 2023 Results on Nov 02, 2022 Fuji Media Holdings, Inc. announced that they will report Q2, 2023 results at 3:00 PM, Tokyo Standard Time on Nov 02, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (9.4%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥35.00 (vs JP¥18.60 in 1Q 2022) First quarter 2023 results: EPS: JP¥35.00 (up from JP¥18.60 in 1Q 2022). Revenue: JP¥126.6b (up 14% from 1Q 2022). Net income: JP¥7.79b (up 88% from 1Q 2022). Profit margin: 6.1% (up from 3.7% in 1Q 2022). Over the next year, revenue is forecast to grow 1.9%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jun 25
Fuji Media Holdings, Inc. to Report Q1, 2023 Results on Aug 04, 2022 Fuji Media Holdings, Inc. announced that they will report Q1, 2023 results at 3:00 PM, Tokyo Standard Time on Aug 04, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥112 (vs JP¥44.31 in FY 2021) Full year 2022 results: EPS: JP¥112 (up from JP¥44.31 in FY 2021). Revenue: JP¥525.1b (up 1.0% from FY 2021). Net income: JP¥24.9b (up 146% from FY 2021). Profit margin: 4.7% (up from 1.9% in FY 2021). Over the next year, revenue is forecast to grow 5.5%, compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • May 14
Fuji Media Holdings, Inc., Annual General Meeting, Jun 28, 2022 Fuji Media Holdings, Inc., Annual General Meeting, Jun 28, 2022. Announcement • Mar 29
Fuji Media Holdings, Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Fuji Media Holdings, Inc. announced that they will report fiscal year 2022 results at 3:00 PM, Tokyo Standard Time on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.7%). Buying Opportunity • Feb 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.1%. The fair value is estimated to be JP¥11.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% per annum over the last 3 years. Earnings per share has declined by 26% per annum over the last 3 years. Buying Opportunity • Feb 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.1%. The fair value is estimated to be JP¥11.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% per annum over the last 3 years. Earnings per share has declined by 26% per annum over the last 3 years. Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥57.87 (down from JP¥67.99 in 3Q 2021). Revenue: JP¥153.8b (up 7.7% from 3Q 2021). Net income: JP¥12.9b (down 17% from 3Q 2021). Profit margin: 8.4% (down from 11% in 3Q 2021). Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 3.4%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥42.71 (vs JP¥14.77 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥130.1b (up 2.8% from 2Q 2021). Net income: JP¥9.50b (up 179% from 2Q 2021). Profit margin: 7.3% (up from 2.7% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 09 December 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%). Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥44.31 (vs JP¥178 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥519.9b (down 18% from FY 2020). Net income: JP¥10.1b (down 76% from FY 2020). Profit margin: 1.9% (down from 6.5% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming Dividend of JP¥18.00 Per Share Will be paid on the 26th of June to those who are registered shareholders by the 30th of March. The trailing yield of 2.4% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (3.8%). Is New 90 Day High Low • Mar 09
New 90-day high: €10.40 The company is up 21% from its price of €8.60 on 08 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.13 per share. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥67.99 (vs JP¥24.24 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥142.8b (down 12% from 3Q 2020). Net income: JP¥15.4b (up 175% from 3Q 2020). Profit margin: 11% (up from 3.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue misses expectations Revenue missed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 8.0%, compared to a 3.2% growth forecast for the Media industry in Germany. Announcement • Feb 04
Fuji Media Holdings, Inc. Provides Year End Dividend Guidance for the Year Ending March 2021 Fuji Media Holdings, Inc. provided year end dividend guidance for the year ending March 2021. For the period, the company expected dividend of JPY 18 per share compared to JPY 22 per share a year ago. Is New 90 Day High Low • Jan 30
New 90-day high: €9.35 The company is up 16% from its price of €8.05 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.43 per share. Is New 90 Day High Low • Jan 13
New 90-day high: €9.05 The company is up 11% from its price of €8.15 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.40 per share. Announcement • Dec 26
Fuji Media Holdings, Inc. to Report Q3, 2021 Results on Feb 04, 2021 Fuji Media Holdings, Inc. announced that they will report Q3, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Nov 24
New 90-day high: €8.65 The company is up 5.0% from its price of €8.25 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.15 per share. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue misses expectations Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 6.1%, compared to a 2.4% growth forecast for the Media industry in Germany. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS JP¥14.77 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥126.6b (down 24% from 2Q 2020). Net income: JP¥3.40b (down 55% from 2Q 2020). Profit margin: 2.7% (down from 4.5% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 
