Nippon Television Holdings, Inc. · TSE:9404
Nippon Television — FY2025 Earnings Presentation
55 slides from Nippon Television's earnings presentation, May 14, 2026
Slide 1: FY2025 Financial Results
FY2025 Financial Results May 14,2026 This presentation may include forward-looking statements. Actual results, however, could differ significantly as a result of various factors and circumstances. Forward-looking statements contained herein are not guarantees or commitments. Reproduction of this pre
Slide 2: Contents
Shareholder Return & Capital Management Policy Consolidated Forecast Strategic Investment Trend Financial Results Contents Strategy and AI-related Initiatives Programming Strategy , Digital & Streaming Reference Materials
Slide 3: Overview: FY2025 Higher Sales and Profit
Overview FY2025 Higher Sales and Profit Sales and profits at all levels reached record highs Nippon TV sales and profit increased driven by stronger terrestrial advertising revenue. The strong performance of group companies—such as BS Nippon, Studio Ghibli, MURAYAMA, and la belle vie—also contri
Slide 4: FY2025 Dividends Increase and FY2026 Dividends Forecast
FY2025 Dividends Increase and FY2026 Dividends Forecast 【FY2025 Dividends】 * Year-end dividend increased by 5yen FY2025 As of February 5,2026 FY2024 Dividends per share 35Yen 30Yen 30Yen Source of Retained earnings － Retained earnings dividends 【FY2026 Forecast】 Total Shareholder 2Q Year-end Annual
Slide 5: Stock Repurchase
Stock Repurchase FY2025 Results Total number of shares acquired： 2,601,900 shares Total acquired amount：9,999,767,084 yen Acquisition period：From November 7, 2025, to December 17, 2025 ※All acquired shares were cancelled FY2026 ■ Details of the resolution Total number of shares to be acquired:
Slide 6: Reduction of cross-shareholdings
Reduction of cross-shareholdings FY2025 A portion of one listed security were sold Amount of gain on sales of investment securities：8.3 billion yen FY2026 (As of May 14,2026) A portion of one listed security will be sold by the end of June 2026 Amount of gain on sales of investment securities：19
Slide 7: Cash Allocation Policy under the Medium-Term Management Plan
Cash Allocation Policy under the Medium-Term Management Plan Nippon TV 7 HD:Capital Strategic Financial Group Contents Reference 7 Management Policy Investment Trend Results Companies Strategy Materials
Slide 8: Consolidated Forecast and Dividend Forecast
Consolidated Forecast and Dividend Forecast Forecast for FY2026 (Millions of Yen) FY2025 Results FY2026 Forecast Change(%) Net Sales 484,418 535,000 10.4% Operating Profit 69,332 49,000 △29.3% Recurring Profit 82,081 59,000 △28.1% Profit attributable to owners of parent Net income 56,767 51,500 △9.3
Slide 9: Strategic Investment Trend
Shareholder Return & Capital Management Policy Consolidated Forecast Strategic Investment Trend Financial Results Contents Strategy and AI-related Initiatives Programming Strategy , Digital & Streaming Reference Materials
Slide 10: KANAMEL Becomes a Wholly Owned Subsidiary ①
KANAMEL Becomes a Wholly Owned Subsidiary ① Strengthening Content Production with a Global Market Focus Nippon Television Holdings Inc. has announced the acquisition of KANAMEL’s shares for a total investment of 48.3 billion yen, making KANAMEL a wholly owned subsidiary. The transaction is a s
Slide 11: KANAMEL Becomes a Wholly Owned Subsidiary ②
KANAMEL Becomes a Wholly Owned Subsidiary ② Anticipated Synergies Development of globally competitive film, drama, and music IP originating in Japan, driven by KANAMEL’s high- end production capabilities Evolution of Nippon TV Group’s core advertising business through KANAMEL’s advanced strate
Slide 12: Overview of Major Strategic Investments
Overview of Major Strategic Investments Medium-Term Medium-Term Medium-Term Medium-Term Management Plan Management Plan Management Plan Management Plan 2016 – 2018 2019 – 2021 2022 – 2024 2025 – 2027 Studio Ghibli Content & Global Domain Wellness Domain, New Business Domain, and Others Total investm
Slide 13: Other Growth Investments
Other Growth Investments Other Strategic Investments • Investment in the Government-Led Former Nara Prison Preservation and Utilization Project Joined a project to extensively renovate and operate a national important cultural property as a hotel and museum.Through collaboration, we aim to create
Slide 14: Financial Results
Shareholder Return & Capital Management Policy Consolidated Forecast Strategic Investment Trend Financial Results Contents Strategy and AI-related Initiatives Programming Strategy , Digital & Streaming Reference Materials
Slide 15: Nippon TV HD: Consolidated Financial Results
Nippon TV HD: Consolidated Financial Results (Millions of Yen) FY2024 FY2025 YoY Change (%) Net Sales 461,915 484,418 22,503 4.9% Operating Profit 54,917 69,332 14,415 26.2% Recurring Profit 65,724 82,081 16,357 24.9% Net Income attributable to owners of the parent 46,000 56,767 10,766 23.4% （(Milli
Slide 16: Net Sales YoY Change Components
Net Sales YoY Change Components （Millions of Yen） 500,000 495,000 490,000 485,000 ＋1,593 484,418 ＋1,861 ＋848 ＋1,137 480,000 ＋1,634 ＋181 ＋4,761 △ 509 475,000 ＋10,997 470,000 465,000 461,915 460,000 455,000 +22,503 450,000 Previous Nippon TV Nippon TV MURAYAMA la TIPNESS HJ PLAY Total Anime- Other Cur
Slide 17: Operating Profit YoY Change Components
Operating Profit YoY Change Components (Millions of Yen) 80,000 75,000 70,000 ＋5,339 ＋547 69,332 △7 65,000 ＋1,591 ＋101 ＋6,565 ＋279 60,000 54,917 55,000 50,000 +14,415 45,000 40,000 Previous 日テレ Nippon TV MURAYAMA ラベルヴィー La HJ HJ Total Anime- Other その他 Current TIPNESS TIP 前年同期 period ムラヤマ belle アニメ関連
Slide 18: Nippon TV: Financial Results
Nippon TV：Financial Results (Millions of Yen) FY2024 FY2025 YoY Change (%) Net Sales 297,731 313,804 16,073 5.4% Operating Profit 36,307 42,873 6,565 18.1% Recurring Profit 41,045 49,599 8,554 20.8% Net Income 32,445 40,057 7,611 23.5% (Millions of Yen) (Millions of Yen) (Millions of Yen) Net Sales
Slide 19: Nippon TV: Advertising Revenue
Nippon TV：Advertising Revenue (Millions of Yen) FY2024 FY2025 YoY Change (%) Advertising Revenue 232,721 243,719 10,997 4.7% Time 105,039 104,132 △907 △0.9% Spot 117,159 127,696 10,537 9.0% Digital Ad. 10,522 11,890 1,367 13.0% Time Change (%) Spot Change (%) Digital Ad. Change (%) FY2025 April △1.4
Slide 20: Nippon TV: Net Sales and Cost of Sales
Nippon TV：Net Sales and Cost of Sales Net Sales FY2024 FY2025 YoY Change (%) Advertising Revenue 232,721 243,719 10,997 4.7% Program Sales 10,689 10,986 297 2.8% Events/Content Business Sales 51,168 55,930 4,761 9.3% Real Estate Business 3,151 3,168 16 0.5% Total 297,731 313,804 16,073 5.4% Cost of
Slide 21: Nippon TV: Production Costs
Nippon TV：Production Costs (Millions of Yen) FY2024 FY2025 YoY Change (%) 87,715 89,526 1,810 2.1% (Millions of Yen) Production Costs 100,000 95,245 87,715 89,526 90,000 88,421 87,526 89,331 84,544 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2019 2020 2021 2022 2023 2024 2025 (FY) （年度）
Slide 22: Events/Content Business Sales and Balance
Nippon TV: Events/Content Business Sales and Balance (Millions of Yen) Sales Balance FY2025 Change (%) FY2025 Change (%) Anime 5,734 △5.9% 2,566 8.4% Movie 4,254 △13.8% 1,732 △28.8% Music & Artist Center 6,079 △6.1% 1,251 7.4% Events 9,028 77.8% 1,260 14.0% Retail Business 9,022 2.8% 572 35.6% Overs
Slide 23: Group Companies: Net Sales and Operating Profit
Group Companies: Net Sales and Operating Profit FY2025 (Millions of Yen) Nippon Television BS Nippon Corp. CS Nippon Corp. VAP Inc. TIPNESS Limited MURAYAMA INC. Music Corp. Net 18,349 1.4% 8,557 △2.1% 10,263 11.7% 6,915 1.6% 27,603 3.2% 23,006 7.6% Sales Operating 2,956 1.3% 189 △50.7% 2,530 10.2%
Slide 24: CAPEX and Depreciation (consolidated)
CAPEX and Depreciation (consolidated) (Billions of yen) Depreciation and CAPEX amount Amortization FY2025 13.0 12.3 (Billions of yen) CAPEX amount (Billions of yen) Depreciation and 35.0 Amortization 32.3 28.7 20.0 30.0 18.1 17.4 16.3 25.0 23.6 13.7 13.4 15.0 15.8 14.5 20.0 12.3 15.0 14.2 13.0 10.0
Slide 25: Contents Strategy and AI-related Initiatives
Shareholder Return & Capital Management Policy Consolidated Forecast Strategic Investment Trend Financial Results Contents Strategy and AI-related Initiatives Programming Strategy , Digital & Streaming Reference Materials
Slide 26: Studio Ghibli ①
Studio Ghibli ① Hayao Miyazaki’s “Panorama Boxes” to Be Displayed at Ghibli Park Director Hayao Miyazaki, beginning in the final stages of his 2023 film The Boy and the Heron, took on a new project creating “Panorama Boxes” * for Ghibli Park. These boxes—covering works from Nausicaä of the Valley
Slide 27: Studio Ghibli ②
Studio Ghibli ② Ghibli Park Exhibition We will present the Ghibli Park Exhibition, a traveling, mobile amusement park-style exhibition that tightly packs the fun of Ghibli Park. It will debut at Osaka Nanko ATC Hall from July 18 to September 26, 2026, and is scheduled to tour locations nationwide fr
Slide 28: Studio Ghibli ③
Studio Ghibli ③ Overseas Release of IMAX/4K Editions: Kiki’s Delivery Service, Whisper of the Heart, and The Secret World of Arrietty Following the strong international reception of Princess Mononoke, which screened in IMAX/4K formats around the world last year, three films—Kiki’s Delivery Service
Slide 29: Expansion of Anime Business ①
Expansion of Anime Business ① Nippon TV’s Friday Anime Night expands to a one-hour block Starting in April, Friday Anime Night, also known as Furaani, expands into a one-hour program. The block is powered up with two time slots: the existing Furaani 2300 airing at 11:00 PM, and the newly launched Fu
Slide 30: Expansion of Anime Business ②
Expansion of Anime Business ② Anime Lineup for April Season, 2026 Scum of the Brave Pardon the Intrusion, My Ribdiculous Reborn as a Vending Machine, I Now Reincarnation Wander the Dungeon 3rd Season I'm Home! A modern supernatural battle An anime adaptation of a Comic Cmoa An award-winning isekai r
Slide 31: Movie Business
Movie Business Detective Conan: Fallen Angel of the Highway has made a phenomenal start, grossing a cumulative 11.4 billion yen (As of May 11). ONE LAST LOVE LETTER has also made a blockbuster debut. Looking ahead, an exciting slate is lined up for 2026: KINGDOM 5 (working title) in summer; The Apot
Slide 32: Global Business Expansion (AiDi)
Global Business Expansion (AiDi) ●Proprietary Technology AiDi Gains Global Attention for its Vertical Video Autocropping Feature • Our proprietary technology, AiDi, uses AI to automatically extract athletes from horizontal footage (e.g., sports broadcasts) and convert it into mobile-optimized vertic
Slide 33: Global Business Expansion
Global Business Expansion ●GYOKURO STUDIO Developing New Large-Scale Format with Talpa (Netherlands) • GYOKURO STUDIO, which develops variety show formats for the international market, created nine new titles in FY2025. It promotes and sells these formats through major international markets such as
Slide 34: Global Content Rollout
Global Content Rollout ◆Drama Chosen Home Wins International Award The Sunday drama Chosen Home, which aired in the October 2025 season, received the Best Social Critique Award at the Hub Awards 2025, an international accolade dedicated to BL and GL works. The series was honored for its incisive por
Slide 35: IP Business/Music Business ①
IP Business/Music Business ① [THE GAME CENTER FOOTBALL DREAM MATCH – IN SAITAMA STADIUM 2002 –] Developing New Sports Businesses! Held on April 4 at Saitama Stadium 2002, the spiritual home of Japanese football, featuring a select lineup of artists from BMSG, Stardust, LDH, Lapone and other agencies
Slide 36: Capital and Business Alliance with D.LEAGUE Inc.
IP Business/Music Business ② Capital and Business Alliance with D.LEAGUE Inc. Nippon TV has entered into a capital and business alliance with D.LEAGUE Inc., the organization behind D.LEAGUE, Japan’s professional dance league. Through its equity participation in D.LEAGUE Inc., Nippon TV will further
Slide 37: Events Business ①
Events Business ① Masterpieces of the Renaissance from the Musée du Louvre Dates & Venue: Tokyo — September 9, 2026–December 13, 2026 The National Art Center, Special Exhibition Gallery 1E, Roppongi, Tokyo This exhibition is presented as part of a long-term partnership between Nippon TV and the Louv
Slide 38: Events Business ②
Events Business ② Wana [The Trap/Piège pour un homme seul] Dates & Venues: Tokyo — June 6 (Sat)–26 (Fri), 2026 — Yomiuri Otemachi Hall Oita (Nakatsu) — June 28 (Sun), 2026 — Nakatsu Culture Center Fukuoka — June 29 (Mon), 2026 — Fukuoka Civic Hall Takamatsu — July 1 (Wed) 2026 — Rexam Hall Tokushima
Slide 39: Ad Reach MAX
Ad Reach MAX The web service Sugree, operated by Nippon TV’s Ad Reach Max Platform, which enables flexible, real-time transactions of linear television commercial slots, has begun offering advertising on TVer. Programmatic advertising that Starting in April 2026, Sugree achieves the number of be
Slide 40: Development of a VTR Review AI
Development of a VTR Review AI About V-Check AI Based on transcription data (including speaker identification) from both the original and edited VTR footage, the AI checks for any inappropriate edits or statemenets. Original Footage Edited Footage Final Footage Original Transcript VTR Transcript (Re
Slide 41: Programming Strategy, Digital & Streaming
Shareholder Return & Capital Management Policy Consolidated Forecast Strategic Investment Trend Financial Results Contents Strategy and AI-related Initiatives Programming Strategy , Digital & Streaming Reference Materials
Slide 42: FY2025 Viewer Ratings
FY2025 Viewer Ratings March 31,2025 －March 29, 2026 Individual Core Target All Day 3.3 2.2 (6:00 – 24:00) Prime Time 4.7 3.6 1st (19:00 – 23:00) Golden Time 5.1 3.8 2nd (19:00 – 22:00) Morning Time 3.6 2.5 (7:00 – 10:00) Platinum Time 2.2 1.6 (23:00 – 25:00) What is a ”Core Target”？ The “Core Target
Slide 43: 2026 Programming Strategy
2026 Programming Strategy Theme: “Creating must-view shows for you and your community.” We deliver “Novelty,” “Passion,” and “Parent-and-Child Family time”—broadcasting content that brings people together. Our aim is to increase the number of fans of our content—and of Nippon TV. “Together with Nipp
Slide 44: April 2026 Programming Improvements
April 2026 Programming Improvements Bringing “Passion” with Brand-New Regular Programs! Friday Mystery Club!!! The title is a direct translation. A family-friendly “thinking entertainment” show where cast and viewers solve real-world mysteries together using footage and dramatic reenactments. Broadc
Slide 45: Large-Scale One-Offs for 2026
Large-Scale One-Offs for 2026 A Lineup of Festive Content Made for Watching Together! Double Impact — Manzai & Sketch Comedy Dual-Category No.1 Contest With a single stand mic, manzai unleashes rapid-fire, high-energy exchanges, while sketch comedy creates imaginative worlds through character-driven
Slide 46: Large-Scale Sports Events for 2026
Large-Scale Sports Events for 2026 Broadcasting the FIFA World Cup That Will Fire Up All of Japan! FIFA World Cup 2026 Nippon TV to Broadcast 15 Matches, Including Japan vs. Tunisia Nippon TV will provide live terrestrial coverage of 15 matches from the FIFA World Cup 2026, to be held from June thro
Slide 47: Contents
Shareholder Return & Capital Management Policy Consolidated Forecast Strategic Investment Trend Financial Results Contents Strategy and AI-related Initiatives Programming Strategy , Digital & Streaming Reference Materials
Slide 48: Streaming Business: HJ Holdings (Hulu in Japan)
Streaming Business: HJ Holdings (Hulu in Japan) (Millions of Yen) Net Sales Operating Profit FY2025 32,118 3,377 Major content releases toward the fiscal year. Financial performance has significant improved, driven by last year’s impairment processing. ■January Season Sunday Drama Punch-Drunk Woman
Slide 49: Streaming Business: TVer (AVOD)
Streaming Business: TVer (AVOD) TVer Highlights Jan 2026: TVer records its highest-ever unique user count (UBs) ◆ Unique Browsers (UB): Jan – 44.77M, Feb – 40.32M, Mar – 39.15M Catch-up Views: Jan – 630M, Feb – 560M, Mar – 590M Nippon TV Initiatives Entertainment Shows: over 150M Total Views Popular
Slide 50: Nippon TV NEWS NNN (News Distribution)
Nippon TV NEWS NNN (News Distribution) [Further Strengthening of the News Distribution Business] Nippon TV, together with 30 NNN (Nippon News Network) stations nationwide, continues to deliver accurate, timely reporting and high-quality news content that serves as a “catalyst for the future.” Alongs
Slide 51: Reference Materials
Shareholder Return & Capital Management Policy Consolidated Forecast Strategic Investment Trend Financial Results Contents Strategy and AI-related Initiatives Programming Strategy , Digital & Streaming Reference Materials
Slide 52: Spot Sales: Industry-classified
Spot Sales : Industry- classified Change Change FY2024 Share FY2025 Share (%) (%) 1 Service 16.8% 9.1% 1 Service 17.8 % 15.7% 2 Cosmetics/Toiletries 10.5% 13.2% 2 Cosmetics/Toiletries 10.2% 6.5% 3 Telecom/Game 8.8% △ 10.6% 3 Telecom/Game 9.8% 22.1% 4 Finance 6.3% 5.7% 4 Finance 7.3% 26.7% Housing/ H
Slide 53: Segment Results
Segment Results (Millions of Yen) Net Sales Operating Profit FY2024 FY2025 Change FY2024 FY2025 Change Content and Media 431,120 452,888 21,768 52,190 67,114 14,924 Business Wellness Business 26,755 27,665 910 187 △72 △259 Real Estate-Related 11,530 11,554 24 4,445 4,136 △309 Businesses Nippon TV 53
Slide 54: Movie Lineup For 2026 ①
Movie Lineup For 2026 ① ★＝Co-organized with Nippon TV Date Title Distributor ●＝Nippon TV is an investor in the film ■=Nippon TV is lead organizer Friday June 26th ■Anpanman: Pantan and the Promised Star TOKYO Theatre Friday July 17th ●KINGDOM5 (Working Title) TOHO Friday September 4th ●GUILT (Workin
Slide 55: Movie Lineup For 2026 ②
Movie Lineup For 2026 ② ★＝Co-organized with Nippon TV Date Title Distributor ●＝Nippon TV is an investor in the film ■=Nippon TV is lead organizer Japan：SONY Autumn ●Bad Lieutenant: Tokyo North America：NEON December 2026 ■The Apothecary Diaries: The Movie (Working title) TOHO Friday December 25th ★SU
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