(Japanese GAAP)
Stock listing: Tokyo Stock Exchange (Prime Market) Code number: 9404 URL: https://www.ntvhd.co.jp/english/
Representative: Yoshikuni Sugiyama, Representative Director, Chairman and Chief Executive Officer Information contact: Masaharu Sato, President, Financial Management Division
Tel: +81-3-6215-4111
Supplementary materials to financial results available: Yes Result meeting held: None
-
Results for the 3rdQuarter FY2025 (From April 1, 2025 to December 31, 2025)
February 5, 2026
-
Consolidated operating results (Figures less than 1 million yen have been omitted.)
Net sales
(% change from the previous year)
Operating profit
(% change from the previous year)
Recurring profit
(% change from the previous year)
Millions of yen
%
Millions of yen
%
Millions of yen
%
3rdQtr FY 2025
358,740
7.5
54,202
44.8
63,760
48.5
3rdQtr FY 2024
333,613
8.9
37,424
20.5
42,935
15.9
(Note) Comprehensive income: 3rdQtr FY2025 ¥ 81,737 million (△24.7%) 3rdQtr FY2024 ¥ 108,604 million (43.7%)
Net income attributable to owners of the parent
(% change from the previous year)
Net income per share
Diluted
income per share
3rdQtr FY 2025 3rdQtr FY 2024
Millions of yen
%
yen
yen
46,423
29,521
57.3
△11.0
186.17
117.70
184.04
117.62
- Consolidated financial position
Total assets
Net assets
Shareholders' equity ratio
3rdQtr FY 2025 FY 2024
Millions of yen
1,297,971
1,232,117
Millions of yen
1,048,491
990,992
%
78.1
77.9
(For reference) Equity capital: 3rdQtr FY 2025 ¥1,013,785 million FY 2024 ¥ 959,683 million
-
Consolidated operating results (Figures less than 1 million yen have been omitted.)
-
Cash Dividends
Dividends per share
1Q
2Q
3Q
Year-end
Annual
FY 2024
yen
-
yen
10.00
yen
-
yen
30.00
yen
40.00
FY 2025
-
10.00
Forecast for FY 2025
-
30.00
40.00
(Note) Revisions of cash dividends forecast: None
-
Forecast for FY 2025 (From April 1, 2025 to March 31, 2026)
Net sales
Operating profit
Recurring profit
FY2025
Millions of yen %
473,000 2.4
Millions of yen %
59,000 7.4
Millions of yen %
70,000 6.5
Net income attributable to owners of the parent
Net income per share
FY2025
Millions of yen %
50,000 8.7
yen
200.14
(Note) Revisions in consolidated forecasts: None
＊ Explanatory Notes
Changes in significant subsidiaries during the period (Reclassification due to change in scope of consolidation):
None
Application of accounting methods specific to preparation of the quarterly consolidated financial statements: Yes
Change in the accounting policies, accounting estimates and restatements.
① Changes in accounting policies due to amendment of accounting standards: None
② Change in accounting policies other than ① : None
③ Changes in accounting estimate: None
④ Restatement: None
Issued shares (Common stock)
3rdQtr FY 2025 | 263,822,080 shares | FY2024 | 263,822,080 shares |
3rdQtr FY 2025 | 16,489,892 shares | FY2024 | 13,460,660 shares |
3rdQtr FY 2025 | 249,360,495 shares | 3rdQtr FY 2024 | 250,828,747 shares |
① Issued shares at the end of period (Including treasury stock)
② Treasury stock at the end of period
③ Average shares (3rd Qtr.)
(Note) The number of treasury stock at the end of the period includes shares of the Company held by Trust-type Employee Shareholding Incentive Plan (982,500 shares as of 3rdQtr FY2025 and 1,269,400 shares as of FY2024). In addition, the shares of the Company owned by Trust-type Employee Shareholding Incentive Plan are included in the number of treasury stock deducted in the calculation of average number of shares outstanding during the period (1,133,700 shares as of 3rd Qtr FY2025 and 1,539,450 shares as of 3rd Qtr FY2024).
＊This flash report is outside the scope of audit by certified public accountants or an audit firm.
Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet
(Millions of yen)
As of March 31, 2025
As of December 31, 2025
Assets
Current assets
Cash and deposits 93,293 84,107
Notes and accounts receivable - trade, and contract assets | 118,418 | 116,681 |
Securities | 106,010 | 102,994 |
Inventories | 5,162 | 7,141 |
Program rights | 7,135 | 7,554 |
Other | 22,205 | 32,065 |
Allowance for doubtful accounts | (412) | (384) |
Total current assets | 351,813 | 350,160 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 59,225 | 57,465 |
Machinery, equipment and vehicles, net | 7,560 | 6,247 |
Tools, furniture and fixtures, net | 2,859 | 3,181 |
Land | 179,742 | 179,834 |
Leased assets, net | 1,228 | 1,349 |
Construction in progress | 2,912 | 4,037 |
Total property, plant and equipment | 253,529 | 252,117 |
Intangible assets | ||
Goodwill | 9,863 | 9,237 |
Other | 19,180 | 19,064 |
Total intangible assets | 29,043 | 28,302 |
Investments and other assets | ||
Investment securities | 567,732 | 638,065 |
Long-term loans receivable | 2,688 | 2,008 |
Deferred tax assets | 4,218 | 4,233 |
Other | 24,000 | 23,285 |
Allowance for doubtful accounts | (908) | (200) |
Total investments and other assets | 597,731 | 667,392 |
Total non-current assets | 880,304 | 947,811 |
Total assets | 1,232,117 | 1,297,971 |
(Millions of yen)
As of March 31, 2025
As of December 31, 2025
Liabilities
Current liabilities
Accounts payable - trade | 14,418 | 13,665 |
Short-term borrowings | 2,399 | 3,085 |
Accounts payable - other | 7,632 | 7,502 |
Accrued expenses | 60,950 | 59,390 |
Income taxes payable | 15,650 | 9,428 |
Other | 17,547 | 21,562 |
Total current liabilities | 118,599 | 114,635 |
Non-current liabilities | ||
Long-term borrowings | 1,424 | - |
Lease liabilities | 5,620 | 5,065 |
Deferred tax liabilities | 71,218 | 85,179 |
Retirement benefit liability | 14,356 | 14,010 |
Long-term guarantee deposits | 21,357 | 21,354 |
Other | 8,549 | 9,235 |
Total non-current liabilities | 122,526 | 134,845 |
Total liabilities | 241,125 | 249,480 |
Net assets | ||
Shareholders' equity | ||
Share capital | 18,600 | 18,600 |
Capital surplus | 35,266 | 35,292 |
Retained earnings | 766,525 | 801,916 |
Treasury shares | (19,041) | (32,113) |
Total shareholders' equity | 801,350 | 823,695 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 157,886 | 189,625 |
Deferred gains or losses on hedges | 8 | 7 |
Foreign currency translation adjustment | 438 | 457 |
Total accumulated other comprehensive income | 158,332 | 190,090 |
Non-controlling interests | 31,309 | 34,705 |
Total net assets | 990,992 | 1,048,491 |
Total liabilities and net assets | 1,232,117 | 1,297,971 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income
Share of profit of entities accounted for using equity method
1,477
4,261
For the nine months ended December 31, 2024
(Millions of yen)
For the nine months ended December 31, 2025
Net sales 333,613 358,740
Cost of sales 217,553 222,856
Gross profit 116,059 135,884
Selling, general and administrative expenses 78,634 81,681
Operating profit 37,424 54,202
Non-operating income
Interest income 1,647 2,210
Dividend income 2,164 2,470
Gain on investments in investment partnerships 358 566
Foreign exchange gains - 77
Total non-operating income 6,342 10,178
Other 695 591
Interest expenses 198 163
Non-operating expenses
Loss on investments in investment partnerships 425 317
Foreign exchange losses 20 -
Total non-operating expenses 831 620
Other 187 139
Extraordinary income
Ordinary profit 42,935 63,760
Gain on sale of investment securities 5,755 5,876
Gain on sale of non-current assets 0 0
Other 3 16
Gain on change in equity 183 591
Extraordinary losses
Total extraordinary income 5,942 6,484
Loss on retirement of non-current assets 71 261
Loss on sale of non-current assets 4 1
Loss on valuation of investment securities 1,312 182
Loss on sale of investment securities 2 -
Loss on liquidation of subsidiaries and associates 195 -
Impairment losses 206 44
Total extraordinary losses 1,861 493
Other 70 3
Income taxes 15,041 19,771
Profit before income taxes 47,016 69,751
Profit attributable to non-controlling interests 2,453 3,556
Profit 31,975 49,980
Profit attributable to owners of parent 29,521 46,423