Notice on Revision of Consolidated Financial Forecast
November 05, 2021 at 02:53 am EDT
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November 5, 2021
Nippon Television Holdings, Inc.
(Ticker: 9404, First Section, Tokyo Stock Exchange)
Notice on Revision of Consolidated Financial Forecast
Based on recent performance trends, Nippon Television Holdings, Inc. (the "Company") revises the fiscal year 2021 (April 1, 2021 - March 31, 2022) consolidated financial forecast that was disclosed during the first quarter earnings announcement on July 30, 2021, as per below.
1. Details of Consolidated Financial Forecast Revision
Revised consolidated financial performance forecast (ending March 2022)
Net sales
Operating profit
Recurring profit
Millions of yen
Millions of yen
Millions of yen
Previous forecast (A)
395,000
39,000
45,000
Current forecast (B)
400,000
46,000
52,000
Change (B-A)
5,000
7,000
7,000
% change
1.3%
17.9%
15.6%
Reference:
previous
391,335
34,526
42,944
fiscal
year
actual
(ended March 2021)
Net income attributable to
Net income per share
owners of the parent
Millions of yen
Yen
Previous forecast (A)
30,000
117.61
Current forecast (B)
41,000
160.73
Change (B-A)
11,000
-
% change
36.7%
-
Reference:
previous
24,042
94.18
fiscal
year
actual
(ended March 2021)
(2) Reason for revision
While membership numbers in our life and health related business TIPNESS fall short of the original plan, spot ad sales at our media content business Nippon Television Network Corporation are expected to surpass the previously-announced forecast. Along with the Company's progress in cost controls and plans to record gains from the sale of investment securities during the third quarter consolidated accounting period, forecasts for net sales, operating profit, recurring profit, and net income attributable to the owners of the parent have been revised upwards.
No revision has been made to the dividend forecast in this recent fiscal year 2021 consolidated financial forecast.
Disclaimer: The financial performance forecast reflects information available to the Company up to the date of disclosure. Actual results, however, could differ from the forecast as a result of various factors that may arise going forward.
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Nippon Television Holdings Inc. published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 06:52:03 UTC.
Nippon Television Holdings, Inc. is a certified broadcast holding company. The Company operates in three business segments. The Content Business segment is engaged in the sale of television advertising frames, the licensing of program contents, the production and publication of movies, the organizing of events, mail order business and the publishing and sale of publications, program broadcasting operations, homepage design and Website operation, as well as advertising and marketing business, among others. The Real Estate Leasing segment leases offices and commercial tenants and lands, and provides building management services. The Company is also engaged in ecology related business, the operation of stores and other businesses.
NIPPON TELEVISION HOLDINGS, INC. 
