TV Asahi Holdings (9409) Q1 2027 earnings summary

Executive summary

• Consolidated net sales rose 1.1% year-over-year to ¥81,386 million, but operating profit fell 48.0% to ¥3,792 million and profit attributable to owners dropped 21.4% to ¥5,260 million.

• Comprehensive income increased 43.1% year-over-year to ¥15,539 million, driven by valuation gains on available-for-sale securities.

• Media & Content Business saw higher sales but a 56.9% decline in operating profit, while TDP & Events Business more than doubled sales and quadrupled operating profit.

• Spot ad sales dropped sharply due to a rebound from last year's temporary surge, while internet and event-related revenues grew.

Financial highlights

• Net sales: ¥81,386 million (+1.1% YoY); Operating profit: ¥3,792 million (–48.0% YoY); Ordinary profit: ¥6,641 million (–32.4% YoY); Profit attributable to owners: ¥5,260 million (–21.4% YoY).

• EBITDA decreased 31.5% YoY to ¥6.5 billion.

• Gross profit for the quarter was ¥20,529 million, down from ¥25,433 million YoY.

• Basic earnings per share was ¥52.32, compared to ¥66.08 in the prior year.

• Total assets increased to ¥588,626 million as of June 30, 2026.

Outlook and guidance

• Full-year forecast unchanged: net sales expected at ¥350,000 million (+3.1% YoY), operating profit at ¥20,000 million (–23.6% YoY), and profit attributable to owners at ¥25,000 million (–15.7% YoY).

• Media & Content Business full-year sales forecast to decline 1.0% YoY; TDP & Events Business to grow 48.1% YoY.

• Annual dividend forecast is ¥100.00 per share, up from ¥70.00 in the previous year; minimum annual dividend set at ¥60 per share.

• Dividend payout ratio target set at 40%.