FUJI MEDIA (4676) Q1 2027 earnings summary

Executive summary

• Net sales rose 28.2% year-over-year to ¥148.8 billion, with operating income returning to profitability at ¥16.0 billion, the highest since the holding company structure was adopted in 2008.

• Ordinary profit reached ¥17,364 million, a significant turnaround from a loss of ¥10,656 million year-over-year.

• Profit attributable to owners of parent was ¥10,218 million, up from ¥1,077 million year-over-year.

• Media & Content segment drove growth, led by Fuji TV's strong recovery in broadcasting, digital, and animation, and Pony Canyon's return to profitability.

• Urban Development, Hotels & Resorts segment saw declines in both net sales and operating income due to lower tourism revenue and temporary hotel closures, despite strong property sales.

Financial highlights

• Gross profit improved to ¥46,545 million from ¥12,739 million year-over-year.

• Net income attributable to owners of the parent surged 848% year-over-year to ¥10.2 billion.

• Media & Content segment net sales increased 52.4% year-over-year to ¥101.7 billion, with operating income up to ¥9.0 billion.

• Urban Development, Hotels & Resorts segment net sales fell 4.7% to ¥45.1 billion, and operating income dropped 11% to ¥7.4 billion.

• Consolidated operating margin improved to 10.8% from -11.0% a year earlier.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2027, is ¥625.7 billion, up 13.4% year-over-year.

• Operating profit is projected at ¥40.1 billion, and profit attributable to owners of parent at ¥26.1 billion, up 301.6% year-over-year.

• Basic earnings per share forecast for the full year is ¥183.23.

• Annual dividend per share forecast is ¥200.00 for FY3/27 and FY3/28.

• Media & Content segment expected to continue growth, with focus on IP development, production, and global expansion.