Financials Fuji Media Holdings, Inc.

Equities

4676

JP3819400007

Broadcasting

Market Closed - Japan Exchange Other stock markets 02:30:00 2025-06-20 am EDT			5-day change	1st Jan Change
2,975.00 ^JPY	-0.70%		+1.35%	+71.82%

Jun. 20	Tokai Tokyo Downgrades Fuji Media Holdings to Neutral from Outperform, Price Target is 2,860 Yen	MT
Jun. 19	Nippon Active Value Fund, Dalton Investments Raise Joint Stake In Fuji Media Holdings Inc To 7.51% From 7.19%, Filing Shows	RE

Projected Income Statement: Fuji Media Holdings, Inc.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	631,482	519,941	525,087	535,641	566,443	550,761	572,325	615,351
Change	-	-17.66%	0.99%	2.01%	5.75%	-2.77%	3.92%	7.52%
EBITDA ¹	42,646	33,495	51,020	48,687	51,487	37,682	21,207	57,779
Change	-	-21.46%	52.32%	-4.57%	5.75%	-26.81%	-43.72%	172.45%
EBIT ¹	26,341	16,274	33,338	31,401	33,519	18,293	1,548	38,027
Change	-	-38.22%	104.85%	-5.81%	6.75%	-45.42%	-91.54%	2,356.1%
Interest Paid	-1,380	-1,438	-1,477	-1,478	-1,875	-2,654	-	-
Earnings before Tax (EBT)	56,833	21,268	34,631	64,742	54,401	-128	27,808	66,221
Change	-	-62.58%	62.83%	86.95%	-15.97%	-100.24%	21,824.74%	138.14%
Net income ¹	41,307	10,112	24,879	46,855	37,082	-20,134	14,656	42,503
Change	-	-75.52%	146.03%	88.33%	-20.86%	-154.3%	172.79%	190.01%
Announcement Date	5/13/20	5/13/21	5/12/22	5/11/23	5/9/24	5/16/25	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	161,386	153,546	120,299	126,569	142,823	130,250	111,401	130,102	153,768	129,816	126,633	122,479	136,449	150,080	132,279	135,266	142,506	156,392	129,609	138,502	145,177	155,231	118,746	129,386	139,670	183,039	138,390	146,300
Change	-	-4.86%	-21.65%	5.21%	12.84%	-8.8%	-14.47%	16.79%	18.19%	-15.58%	-2.45%	-3.28%	11.41%	9.99%	-11.86%	2.26%	5.35%	9.74%	-17.13%	6.86%	4.82%	6.93%	-23.5%	8.96%	7.95%	31.05%	-24.39%	5.72%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	6,440	1,624	2,822	2,025	9,922	1,505	4,643	6,933	14,758	7,004	7,851	4,305	10,283	8,962	5,599	7,422	10,580	9,918	6,553	7,326	13,291	2,965	-5,501	-2,027	2,189	7,070	7,820	10,790
Change	-	-74.78%	73.77%	-28.24%	389.98%	-84.83%	208.5%	49.32%	112.87%	-52.54%	12.09%	-45.17%	138.86%	-12.85%	-37.53%	32.56%	42.55%	-6.26%	-33.93%	11.8%	81.42%	-77.69%	-285.52%	63.14%	207.96%	223.04%	10.6%	37.98%
Charge d'intérêts	-337	-	-331	-	-352	-	-379	-	-369	-	-361	-	-370	-	-379	-	-504	-	-584	-	-712	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	7,990	-	3,977	-	23,241	-	6,790	-	17,754	-1,533	10,575	5,327	12,733	36,107	7,555	7,811	13,043	25,992	9,712	7,674	16,052	-	10,700	-4,800	6,900	15,200	-	-
Change	-	-	-	-	-	-	-	-	-	-108.63%	789.82%	-49.63%	139.03%	183.57%	-79.08%	3.39%	66.98%	99.28%	-62.63%	-20.98%	109.17%	-	-	-144.86%	243.75%	120.29%	-	-
Net income ¹	5,612	6,841	2,013	3,404	15,439	-10,744	4,138	9,500	12,871	-1,630	7,785	3,950	8,997	26,123	5,169	4,884	9,203	17,826	7,246	5,359	11,478	-1,692	7,400	-3,400	4,400	10,600	-	-
Change	-	21.9%	-70.57%	69.1%	353.55%	-169.59%	138.51%	129.58%	35.48%	-112.66%	577.61%	-49.26%	127.77%	190.35%	-80.21%	-5.51%	88.43%	93.7%	-59.35%	-26.04%	114.18%	-114.74%	537.48%	-145.95%	229.41%	140.91%	-	-
Announcement Date	2/5/20	5/13/20	8/6/20	11/5/20	2/4/21	5/13/21	8/5/21	11/4/21	2/3/22	5/12/22	8/4/22	11/2/22	2/7/23	5/11/23	8/3/23	11/2/23	2/6/24	5/9/24	8/2/24	11/7/24	2/5/25	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1	2023 S1	2024 S1	2025 S1
Net sales ¹	246,868	241,503	249,112	267,545	268,111
Change	-	-2.17%	3.15%	7.4%	0.21%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	4,847	11,576	12,156	13,021	13,879
Change	-	138.83%	5.01%	7.12%	6.59%
Charge d'intérêts ¹	-709	-749	-722	-826	-1,211
Earnings before Tax (EBT) ¹	7,682	18,410	15,902	15,366	17,386
Change	-	139.65%	-13.62%	-3.37%	13.15%
Net income ¹	5,417	13,638	11,735	10,053	12,605
Change	-	151.76%	-13.95%	-14.33%	25.39%
Announcement Date	11/5/20	11/4/21	11/2/22	11/2/23	11/7/24

¹JPY in Million

Estimates

Forecast Balance Sheet: Fuji Media Holdings, Inc.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	69,526	80,540	72,253	53,413	103,815	152,606	153,100	121,130
Change	-	15.84%	-10.29%	-26.08%	94.36%	47%	-4.05%	-20.88%
Announcement Date	5/13/20	5/13/21	5/12/22	5/11/23	5/9/24	5/16/25	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Fuji Media Holdings, Inc.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	42,896	48,557	40,213	53,363	110,387	67,614	55,225	51,125
Change	-	13.2%	-17.18%	32.7%	106.86%	-38.75%	-30.97%	-7.42%
Free Cash Flow (FCF) ¹	-17,053	-2,713	7,069	29,009	-62,586	-9,165	29,897	45,196
Change	-	84.09%	360.56%	310.37%	-315.75%	85.36%	393.42%	51.17%
Announcement Date	5/13/20	5/13/21	5/12/22	5/11/23	5/9/24	5/16/25	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Fuji Media Holdings, Inc.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.75%	6.44%	9.72%	9.09%	9.09%	6.84%	3.71%	9.39%
EBIT Margin (%)	4.17%	3.13%	6.35%	5.86%	5.92%	3.32%	0.27%	6.18%
EBT Margin (%)	9%	4.09%	6.6%	12.09%	9.6%	-0.02%	4.86%	10.76%
Net margin (%)	6.54%	1.94%	4.74%	8.75%	6.55%	-3.66%	2.56%	6.91%
FCF margin (%)	-2.7%	-0.52%	1.35%	5.42%	-11.05%	-1.66%	5.22%	7.34%
FCF / Net Income (%)	-41.28%	-26.83%	28.41%	61.91%	-168.78%	45.52%	204%	106.34%
Profitability
ROA	2.74%	1.72%	3.41%	2.87%	2.77%	1.74%	0.5%	1.65%
ROE	5.6%	1.3%	3.2%	5.7%	4.4%	-2.4%	2.45%	4.42%
Financial Health
Leverage (Debt/EBITDA)	1.63x	2.4x	1.42x	1.1x	2.02x	4.05x	7.22x	2.1x
Debt / Free cash flow	-4.08x	-29.69x	10.22x	1.84x	-1.66x	-16.65x	5.12x	2.68x
Capital Intensity
CAPEX / Current Assets (%)	6.79%	9.34%	7.66%	9.96%	19.49%	12.28%	9.65%	8.31%
CAPEX / EBITDA (%)	100.59%	144.97%	78.82%	109.6%	214.4%	179.43%	260.41%	88.48%
CAPEX / FCF (%)	-251.55%	-1,789.79%	568.86%	183.95%	-176.38%	-737.74%	184.72%	113.12%
Items per share
Cash flow per share ¹	248.9	121.8	193.5	290.5	253.4	-1.87	-	-
Change	-	-51.05%	58.81%	50.17%	-12.77%	-100.74%	-	-
Dividend per Share ¹	44	36	38	50	48	50	50	64
Change	-	-18.18%	5.56%	31.58%	-4%	4.17%	-0.79%	28%
Book Value Per Share ¹	3,179	3,479	3,588	3,767	3,973	3,944	4,011	4,157
Change	-	9.45%	3.13%	4.97%	5.47%	-0.73%	-1.81%	3.65%
EPS ¹	178.4	44.31	111.9	210.7	169.3	-95.74	71.54	210.1
Change	-	-75.17%	152.45%	88.35%	-19.66%	-156.56%	-24.71%	193.68%
Nbr of stocks (in thousands)	231,488	222,451	222,408	222,385	215,948	207,456	207,456	207,456
Announcement Date	5/13/20	5/13/21	5/12/22	5/11/23	5/9/24	5/16/25	-	-