Reported Earnings • Aug 01
First quarter 2027 earnings released: EPS: JP¥92.10 (vs JP¥59.19 in 1Q 2026) First quarter 2027 results: EPS: JP¥92.10 (up from JP¥59.19 in 1Q 2026). Revenue: JP¥114.6b (flat on 1Q 2026). Net income: JP¥22.7b (up 53% from 1Q 2026). Profit margin: 20% (up from 13% in 1Q 2026). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 30% per year. Declared Dividend • Jul 25
Final dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Nippon Television Holdings, Inc. to Report Q1, 2027 Results on Jul 31, 2026 Nippon Television Holdings, Inc. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 18
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥228 (up from JP¥183 in FY 2025). Revenue: JP¥484.4b (up 4.9% from FY 2025). Net income: JP¥56.8b (up 23% from FY 2025). Profit margin: 12% (up from 10.0% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 03
Nippon Television Holdings, Inc. to Report Fiscal Year 2026 Results on May 14, 2026 Nippon Television Holdings, Inc. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥80.61 (vs JP¥54.05 in 3Q 2025) Third quarter 2026 results: EPS: JP¥80.61 (up from JP¥54.05 in 3Q 2025). Revenue: JP¥124.3b (up 6.4% from 3Q 2025). Net income: JP¥20.0b (up 48% from 3Q 2025). Profit margin: 16% (up from 12% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 27
Now 21% undervalued Over the last 90 days, the stock has risen 1.4% to JP¥3,754. The fair value is estimated to be JP¥4,745, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 2.6% per annum over the same time period. Buy Or Sell Opportunity • Jan 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to JP¥3,774. The fair value is estimated to be JP¥4,745, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Buy Or Sell Opportunity • Dec 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to JP¥3,776. The fair value is estimated to be JP¥4,741, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Announcement • Dec 03
Nippon Television Holdings, Inc. to Report Q3, 2026 Results on Feb 05, 2026 Nippon Television Holdings, Inc. announced that they will report Q3, 2026 results on Feb 05, 2026 Declared Dividend • Dec 02
First half dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Nov 19
Price target increased by 7.9% to JP¥3,870 Up from JP¥3,587, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥3,817. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥224 for next year compared to JP¥183 last year. Buy Or Sell Opportunity • Nov 11
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at JP¥3,750. The fair value is estimated to be JP¥4,823, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥46.47 (vs JP¥20.79 in 2Q 2025) Second quarter 2026 results: EPS: JP¥46.47 (up from JP¥20.79 in 2Q 2025). Revenue: JP¥119.8b (up 8.2% from 2Q 2025). Net income: JP¥11.6b (up 123% from 2Q 2025). Profit margin: 9.7% (up from 4.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 06
Nippon Television Holdings, Inc. (TSE:9404) announces an Equity Buyback for 3,300,000 shares, representing 1.28% for ¥10,000 million. Nippon Television Holdings, Inc. (TSE:9404) announces a share repurchase program. Under the program, the company will repurchase up to 3,300,000 shares, representing 1.28% of its issued share capital (excluding treasury stock), for ¥10,000 million. The purpose of the program is to enhance shareholder returns and capital efficiency. All acquired treasury shares will be cancelled. The program will run until December 30, 2025. As of September 30, 2025, the company has 257,557,524 shares outstanding and 6,264,556 shares in treasury. Price Target Changed • Oct 07
Price target increased by 11% to JP¥3,803 Up from JP¥3,437, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥3,864. Stock is up 66% over the past year. The company is forecast to post earnings per share of JP¥220 for next year compared to JP¥183 last year. Buy Or Sell Opportunity • Oct 01
Now 21% undervalued Over the last 90 days, the stock has risen 27% to JP¥3,882. The fair value is estimated to be JP¥4,887, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 2.8%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period. Announcement • Sep 03
Nippon Television Holdings, Inc. to Report Q2, 2026 Results on Nov 06, 2025 Nippon Television Holdings, Inc. announced that they will report Q2, 2026 results on Nov 06, 2025 Buy Or Sell Opportunity • Aug 25
Now 21% undervalued Over the last 90 days, the stock has risen 18% to JP¥3,880. The fair value is estimated to be JP¥4,887, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 2.8%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 3.5% per annum over the same time period. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥59.19 (vs JP¥42.85 in 1Q 2025) First quarter 2026 results: EPS: JP¥59.19 (up from JP¥42.85 in 1Q 2025). Revenue: JP¥114.6b (up 8.1% from 1Q 2025). Net income: JP¥14.8b (up 38% from 1Q 2025). Profit margin: 13% (up from 10% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 06
Nippon Television Holdings, Inc. to Report Q1, 2026 Results on Jul 31, 2025 Nippon Television Holdings, Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 09
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥183 (up from JP¥136 in FY 2024). Revenue: JP¥461.9b (up 9.1% from FY 2024). Net income: JP¥46.0b (up 33% from FY 2024). Profit margin: 10.0% (up from 8.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • May 08
Nippon Television Holdings, Inc., Annual General Meeting, Jun 27, 2025 Nippon Television Holdings, Inc., Annual General Meeting, Jun 27, 2025. Announcement • May 01
Nippon Television Holdings, Inc. (TSE:9404) acquired an unknown stake in KANAMEL Inc. Nippon Television Holdings, Inc. (TSE:9404) acquired an unknown stake in KANAMEL Inc. on April 30, 2025.
Nippon Television Holdings, Inc. (TSE:9404) completed the acquisition of an unknown stake in KANAMEL Inc. on April 30, 2025. Announcement • Mar 27
Nippon Television Holdings, Inc. to Report Fiscal Year 2025 Results on May 08, 2025 Nippon Television Holdings, Inc. announced that they will report fiscal year 2025 results on May 08, 2025 Announcement • Mar 21
Nippon Television Holdings, Inc. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2025 Nippon Television Holdings, Inc. revised consolidated earnings guidance for the year ending March 31, 2025. For the year, the company's net sales guidance has been revised from JPY 442,000 million to JPY 457,000 million. Operating profit guidance has been revised from JPY 42,000 million to JPY 48,000 million. Net income attributable to owners of the parent guidance has been revised from JPY 35,000 million to JPY 37,000 million. Net income per share guidance has been revised from JPY 138.91 to JPY 146.85. Reason for revision: Net sales are expected to increase mainly due to strong performance at Nippon Television Network Corporation and consolidated subsidiaries. Profits are expected to exceed the previous forecast due to strong performance, the scheduled recording of investment income from the additional acquisition of equity-method affiliates, and a reduction in cross-shareholdings. There is no revision to the dividend forecast accompanying the revision of the full-year consolidated earnings forecasts. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • Mar 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥3,091. The fair value is estimated to be JP¥2,574, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥54.05 (vs JP¥76.80 in 3Q 2024) Third quarter 2025 results: EPS: JP¥54.05 (down from JP¥76.80 in 3Q 2024). Revenue: JP¥116.7b (up 5.9% from 3Q 2024). Net income: JP¥13.6b (down 30% from 3Q 2024). Profit margin: 12% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Jan 03
Nippon Television Holdings, Inc. to Report Q3, 2025 Results on Feb 06, 2025 Nippon Television Holdings, Inc. announced that they will report Q3, 2025 results on Feb 06, 2025 Buy Or Sell Opportunity • Dec 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥2,690. The fair value is estimated to be JP¥2,204, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 4.9% per annum over the same time period. Declared Dividend • Dec 03
First half dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Nippon Television Holdings, Inc. Announces Board and Executive Changes Nippon Television Holdings, Inc. announced that at its Board of Directors meeting held on November 29, 2024, it resolved to change the Company's representative directors. The company announced that Representative Director, President, Mr. Akira Ishizawa, has submitted his resignation, effective as of December 31, 2024. This decision follows his scheduled appointment as the Representative Director of the newly established Yomiuri Chukyo FS Broadcasting Holdings Corporation as of January 1, 2025. At the Board of Directors meeting held today, the Company resolved to accept Mr. Ishizawa's resignation and appoint Mr. Hiroyuki Fukuda, currently a Director and Executive Officer, as the new Representative Director and President effective as of January 1, 2025. Additionally, Mr. Ishizawa is expected to assume the position of Vice Chairman of the Board (non-executive) at the Company as of January 1, 2025. Career Summary of the Newly Appointed Representative Director, Hiroyuki Fukuda (July 9,1961): Career Summary: April 1985 Joined the Company; June 2018 - Director and Executive Officer of Nippon Television Network Corporation; June 2021 - Executive Officer of the Company; June 2021 - Director, Managing Executive Officer of Nippon Television Network Corporation; June 2022 - Senior Executive Officer of the Company; June 2022 - Outside Director of WOWOW Inc.; June 2023 - Director and Senior Managing Executive Officer of Nippon Television Network Corporation; October 2023 - President and Representative Director of STUDIO GHIBLI INC. (Incumbent); June 2024 - Director and Executive Officer of the Company (Incumbent); June 2024 - Executive Vice President and Executive Officer of the Company (Incumbent). Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥20.79 (vs JP¥20.64 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.79. Revenue: JP¥110.8b (up 13% from 2Q 2024). Net income: JP¥5.21b (flat on 2Q 2024). Profit margin: 4.7% (down from 5.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Media industry in Japan. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%). Announcement • Sep 04
Nippon Television Holdings, Inc. to Report Q2, 2025 Results on Nov 07, 2024 Nippon Television Holdings, Inc. announced that they will report Q2, 2025 results on Nov 07, 2024 Buy Or Sell Opportunity • Aug 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to JP¥2,482. The fair value is estimated to be JP¥2,059, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.4%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥42.85 (vs JP¥33.10 in 1Q 2024) First quarter 2025 results: EPS: JP¥42.85 (up from JP¥33.10 in 1Q 2024). Revenue: JP¥106.1b (up 8.2% from 1Q 2024). Net income: JP¥10.8b (up 27% from 1Q 2024). Profit margin: 10% (up from 8.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Declared Dividend • Jul 11
Final dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 01
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to JP¥2,334. The fair value is estimated to be JP¥1,712, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period. Buy Or Sell Opportunity • Jun 18
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.5% to JP¥2,299. The fair value is estimated to be JP¥1,868, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period. Announcement • Jun 15
Nippon Television Holdings, Inc. to Report Q1, 2025 Results on Jul 31, 2024 Nippon Television Holdings, Inc. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 11
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥136 (up from JP¥134 in FY 2023). Revenue: JP¥423.5b (up 2.3% from FY 2023). Net income: JP¥34.7b (up 1.7% from FY 2023). Profit margin: 8.2% (in line with FY 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 11
Nippon Television Holdings, Inc., Annual General Meeting, Jun 27, 2024 Nippon Television Holdings, Inc., Annual General Meeting, Jun 27, 2024. Buy Or Sell Opportunity • May 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.1% to JP¥2,274. The fair value is estimated to be JP¥1,862, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.3%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 1.4% per annum over the same time period. Buy Or Sell Opportunity • Apr 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to JP¥2,262. The fair value is estimated to be JP¥1,882, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.3%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 1.4% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.2%). Announcement • Mar 14
Nippon Television Holdings, Inc. to Report Fiscal Year 2024 Results on May 09, 2024 Nippon Television Holdings, Inc. announced that they will report fiscal year 2024 results on May 09, 2024 Price Target Changed • Feb 21
Price target increased by 16% to JP¥1,818 Up from JP¥1,574, the current price target is an average from 5 analysts. New target price is 18% below last closing price of JP¥2,222. Stock is up 96% over the past year. The company is forecast to post earnings per share of JP¥146 for next year compared to JP¥134 last year. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥76.80 (vs JP¥50.38 in 3Q 2023) Third quarter 2024 results: EPS: JP¥76.80 (up from JP¥50.38 in 3Q 2023). Revenue: JP¥110.2b (up 3.8% from 3Q 2023). Net income: JP¥19.5b (up 52% from 3Q 2023). Profit margin: 18% (up from 12% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 02
Nippon Television Holdings, Inc. (TSE:9404) announces an Equity Buyback for 5,000,000 shares, representing 1.93% for ¥7,000 million. Nippon Television Holdings, Inc. (TSE:9404) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.93% of its issued share capital (excluding treasury stock), for ¥7,000 million. The purpose of the program is to enhance shareholder returns and capital efficiency. The program will run until May 31, 2024. New Risk • Feb 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥2,151, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Media industry in Japan. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,041 per share. 
