TV Asahi Holdings (9409) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 4.6% year-over-year to ¥238,045 million, with operating income up 41.8% to ¥13,118 million and profit attributable to owners up 30.6% to ¥19,261 million.

• All major business segments posted sales and profit growth, with notable strength in Internet (+7.8% sales, +56.8% operating income) and Other Businesses (+13.7% sales, +46.0% operating income).

• Comprehensive income increased 45.5% year-over-year to ¥31,044 million.

• TV Asahi achieved a triple crown in annual viewer ratings for both individual and household categories, driven by strong news, drama, variety, and sports programming.

Financial highlights

• Gross profit increased to ¥61,945 million from ¥56,743 million year-over-year.

• TV Broadcasting sales grew 2.3% year-over-year to ¥174.5 billion, with operating income up 41.0% to ¥6.7 billion.

• Internet business sales increased 7.8% to ¥21.9 billion, with operating income up 56.8% to ¥2.1 billion.

• Shopping business sales rose 4.9% to ¥15.4 billion, and operating income increased 11.6% to ¥1.2 billion.

• Extraordinary gains included ¥8,005 million from sale of investment securities.

Outlook and guidance

• Full-year FY25/3 net sales forecast raised to ¥319,000 million (+3.6% YoY), with operating income projected at ¥19,000 million (+54.0% YoY) and profit attributable to owners at ¥24,000 million (+40.0% YoY).

• Upward revision from previous forecast, with higher expectations for TV Broadcasting and Internet segments, and higher share of profit from equity-method entities.

• Terrestrial ad revenue growth forecast revised upward: time sales +1.1%, spot sales +6.0%.