TV Asahi Holdings (9409) Q2 2026 earnings summary

Executive summary

• Achieved record high sales and profits for the first half of FY26/3, driven by strong ad revenue and Internet business growth.

• Net sales for the six months ended September 30, 2025, rose 7.6% year-over-year to ¥165,563 million, with operating profit up 140.9% to ¥14,569 million and profit attributable to owners of parent up 90.4% to ¥14,657 million.

• Viewer ratings led commercial stations in key time slots, supporting robust advertising performance.

• Comprehensive income increased to ¥16,946 million, up 14.7% year-over-year.

• Strategic investments in content, digital platforms, and new business areas continue to drive growth.

Financial highlights

• Net sales for FY26/3 1H rose 7.6% year-over-year to ¥165.6 billion.

• Operating profit surged 140.9% year-over-year to ¥14.6 billion.

• Ordinary profit increased 92.5% to ¥20.3 billion; profit attributable to owners of parent up 90.4% to ¥14.7 billion.

• Gross profit for the period was ¥51,758 million, up from ¥39,135 million year-over-year.

• Basic earnings per share increased to ¥145.21 from ¥75.77 year-over-year.

Outlook and guidance

• FY26/3 full-year net sales forecast at ¥336.0 billion, up 3.7% year-over-year.

• Operating profit projected to rise 21.8% to ¥24.0 billion; ordinary profit to ¥32.0 billion (+12.1%).

• Profit attributable to owners of parent forecast at ¥28.0 billion; EPS projected at ¥277.90, up 7.7%.

• Internet segment expected to grow 14.6% in sales and 16.3% in operating profit.

• TV broadcasting operating profit forecast to increase 42.6% year-over-year; spot revenue expected to surpass forecasts.