FUJI MEDIA (4676) Q2 2026 earnings summary

Executive summary

• Net sales for 1H FY3/26 decreased by 7.2% year-over-year to ¥248.7 billion, mainly due to a significant decline in Media & Content segment revenues following an incident at Fuji TV, despite strong growth in Urban Development, Hotels & Resorts.

• Operating profit fell by ¥26,869 million year-over-year, resulting in a loss of ¥12.99 billion; ordinary profit also turned negative at ¥10.89 billion.

• Net income attributable to owners increased by 35.8% to ¥17.1 billion, driven by extraordinary gains from strategic shareholdings sales.

• Major reforms in governance, human capital, and risk management were implemented, including increased diversity and new committees.

Financial highlights

• Net sales: ¥248.7 billion (down 7.2% YoY); operating loss: ¥12.99 billion; net income: ¥17.1 billion (up 35.8% YoY).

• Extraordinary income of ¥50.1 billion from gains on sale of investment securities.

• Gross profit dropped to ¥37,964 million from ¥74,243 million year-over-year.

• Media & Content net sales fell 28.2% YoY; Urban Development, Hotels & Resorts net sales rose 62.2% YoY.

• Basic earnings per share increased to ¥82.48 from ¥59.36 year-over-year.

Outlook and guidance

• Full-year net sales forecast revised to ¥544.3 billion; operating loss forecast at ¥10.5 billion, reflecting improved Fuji TV ad revenue and cost controls.

• Profit attributable to owners of parent forecast raised to ¥18.5 billion.

• ROE targets: 5-6% by FY2030, 8% by FY2033; annual dividend minimum set at ¥50 per share.

• Share buybacks totaling ¥50 billion to be implemented by November 2026.