9413
TV TOKYO Holdings Corporation
株式会社テレビ東京ホールディングス
Information & Communication
TV TOKYO Holdings Corporation operates as a broadcasting holding company in Japan. The company is involved in terrestrial and BS digital broadcasting; planning and production of musical compositions and programs, and animation programs; copyright management; planning and sale of packaged software; and preparation of commercial broadcast. It also offers TV and internet communications, and advertising; broadcast preparation, editing, and archive; cross-media advertising; and facilities management services, as well as plans and produces art equipment and broadcast programming. In addition, the company engages in the lighting business; insurance agency business; EC business for golf products; provision of program production technology, transmission technical, and news services; broadcasting and ancillary businesses through broadcasting satellite; CG and digital studio business; and development and production of digital media and content. Further, it is involved in U.S news operation program; news program/Japan satellite broadcasting/cable television channel; and TVer, a streaming service. TV TOKYO Holdings Corporation was incorporated in 2010 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥164.9B
¥155.8B
¥148.6B
¥151.0B
¥148.1B
Cost of Sales
¥110.0B
¥107.6B
¥102.8B
¥103.4B
¥101.8B
Gross Profit
¥54.9B
¥48.3B
¥45.7B
¥47.5B
¥46.3B
SG&A
¥43.5B
¥40.5B
¥36.9B
¥38.3B
¥37.7B
Operating Income
¥11.4B
¥7.8B
¥8.8B
¥9.2B
¥8.6B
Non-Operating Income
¥633M
¥585M
¥855M
¥435M
¥629M
Dividend Income
—
¥249M
¥495M
¥253M
¥248M
Interest Income
—
¥18M
¥3M
¥2M
¥1M
Non-Operating Expenses
—
¥120M
¥92M
¥286M
¥53M
Interest Expense
—
¥39M
¥24M
¥23M
¥24M
Ordinary Income
¥11.9B
¥8.3B
¥9.6B
¥9.4B
¥9.2B
Pre-tax Income
¥11.4B
¥8.7B
¥10.3B
¥9.7B
¥9.2B
Income Taxes
¥3.7B
¥2.7B
¥3.6B
¥3.0B
¥3.1B
Current Tax
—
¥2.9B
¥3.5B
¥3.0B
¥3.3B
Deferred Tax
—
¥-206M
¥52M
¥-30M
¥-283M
Net Income (owners)
¥7.7B
¥6.0B
¥6.7B
¥6.7B
¥6.0B
Minority Interest
—
¥2M
¥11M
¥-8M
¥139M
Comprehensive Income
—
¥6.1B
¥8.8B
¥6.2B
¥5.3B
EBITDA
¥16.2B
¥12.0B
¥12.8B
¥13.3B
¥12.7B
Goodwill Amort. (J-GAAP)
—
—
¥51M
¥12M
—
EPS
¥289.30
¥224.33
¥248.44
¥244.12
¥214.88
Shares Outstanding
—
26.7M
27.1M
27.3M
27.7M
Shares Issued (total)
—
27.6M
27.6M
27.6M
27.8M
Treasury Shares
—
0.9M
0.5M
0.3M
0.0M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥155.8B
¥147.8B
¥147.1B
¥139.9B
¥134.1B
Current Assets
¥98.3B
¥90.4B
¥88.8B
¥85.7B
¥80.2B
Cash & Deposits
¥49.2B
¥41.8B
¥40.2B
¥41.8B
¥38.1B
Inventories
—
¥931M
¥745M
¥800M
¥234M
Non-Current Assets
¥57.5B
¥57.4B
¥58.3B
¥54.2B
¥53.9B
PP&E
¥21.1B
¥23.0B
¥24.3B
¥25.3B
¥26.9B
Goodwill
—
—
—
¥400M
—
Intangible Assets
—
¥6.5B
¥5.7B
¥3.7B
¥1.8B
Investment Securities
¥22.7B
¥20.7B
¥21.1B
¥17.8B
¥17.6B
Deferred Tax Assets
—
¥1.2B
¥941M
¥965M
¥931M
Total Liabilities
¥48.2B
¥45.9B
¥47.8B
¥46.6B
¥44.2B
Current Liabilities
¥45.0B
¥42.4B
¥43.6B
¥41.8B
¥39.8B
Accounts Payable
—
¥5.0B
¥5.5B
¥5.9B
¥4.9B
ST Debt
¥5.2B
¥5.3B
¥5.3B
¥5.3B
¥5.1B
Taxes Payable
—
¥1.6B
¥2.3B
¥1.0B
¥1.5B
Non-Current Liabilities
¥3.3B
¥3.6B
¥4.2B
¥4.7B
¥4.4B
Total LT Borrowings
¥323M
¥381M
¥451M
¥655M
—
Pension Obligations
—
¥1.6B
¥1.7B
¥1.9B
¥2.0B
Deferred Tax Liab.
—
¥685M
¥647M
¥484M
¥661M
Total Equity
¥107.6B
¥101.9B
¥99.3B
¥93.4B
¥89.8B
Capital Stock
—
¥10.0B
¥10.0B
¥10.0B
¥10.0B
Capital Surplus
—
¥18.3B
¥18.3B
¥18.2B
¥18.6B
Retained Earnings
¥76.3B
¥71.0B
¥67.1B
¥62.6B
¥57.5B
Treasury Stock
—
¥-2.7B
¥-1.3B
¥-598M
¥-58M
AOCI
—
¥5.1B
¥5.0B
¥3.0B
¥3.5B
Equity (owners)
¥101.6B
¥96.6B
¥94.1B
¥90.2B
¥86.1B
Minority Interests
—
¥196M
¥193M
¥191M
¥221M
Total Interest-Bearing Debt ⓘ
¥5.6B
¥5.6B
¥5.7B
¥5.9B
¥5.1B
Net Cash ⓘ
¥43.7B
¥36.1B
¥34.5B
¥35.9B
¥33.0B
NCAV ⓘ
¥50.1B
¥44.5B
¥40.9B
¥39.1B
¥36.0B
NCAV/Share
—
¥1,667
¥1,513
¥1,434
¥1,297
BV/Share
—
¥3,621
¥3,477
¥3,306
¥3,103
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥16.1B
¥7.6B
¥6.5B
¥11.1B
¥13.5B
Interest Paid
—
¥-39M
¥-24M
¥-22M
¥-24M
Interest Received
—
¥275M
¥504M
¥263M
¥258M
D&A
¥4.8B
¥4.2B
¥4.0B
¥4.1B
¥4.1B
Goodwill Amort.
—
—
¥51M
¥12M
—
Investing CF
¥-5.3B
¥-2.0B
¥-4.7B
¥-8.3B
¥-1.3B
CapEx
¥2.2B
¥1.1B
¥2.0B
¥1.5B
¥1.1B
Purchase Investments
—
¥-336M
¥-1.5B
¥-1.2B
¥-130M
Proceeds from Invest.
—
¥1.4B
¥2.0B
¥555M
¥135M
Financing CF
¥-3.4B
¥-4.1B
¥-3.4B
¥-3.1B
¥-4.8B
Dividends Paid
—
¥-2.2B
¥-2.2B
¥-1.7B
¥-1.1B
Share Buybacks
—
¥-1.6B
¥-973M
¥-929M
¥-683M
LT Debt Repaid
—
¥-168M
¥-207M
¥-49M
—
Free Cash Flow
¥13.9B
¥6.5B
¥4.4B
¥9.7B
¥12.4B
Net Change in Cash
—
¥1.5B
¥-1.6B
¥-290M
¥7.4B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
7.4%
6.0%
7.0%
7.4%
6.9%
ROA
5.1%
4.1%
4.7%
4.9%
4.5%
EPS
¥289.30
¥224.33
¥248.44
¥244.12
¥214.88
DPS
¥15.00
¥90.00
¥80.00
¥80.00
¥60.00
BPS
¥4,034.12
¥3,811.59
¥3,661.48
¥3,414.10
¥3,229.55
FCF/Share
—
¥242
¥164
¥355
¥446
NCAV/Share
—
¥1,667
¥1,513
¥1,434
¥1,297
Payout Ratio
5.2%
40.1%
32.2%
32.8%
27.9%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 4
Date Activist Stake Event Flag Demands Source
2026-04-07
Mizuho Bank, Ltd.
3.56%
-1.54%
change
Passive
—
2024-10-07
RHEOS CAPITAL WORKS Inc.
5.31%
initial_5pct
Passive
—
2024-07-05
Mizuho Bank, Ltd.
5.1%
initial_5pct
Passive
—
2024-06-19
Nikkei Inc.
32.64%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
Nihon Keizai Newspaper Co.
㈱日本経済新聞社
8,802
32.99%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱(信託口)
1,768
6.63%
3
Japan Custody Bank
㈱日本カストディ銀行(信託口)
1,749
6.56%
4
Mizuho Bank
㈱みずほ銀行
1,006
3.77%
5
三井物産㈱
1,002
3.76%
6
日本生命保険(相)
680
2.55%
7
㈱東京計画
660
2.47%
8
㈱SMBC信託銀行(㈱三井住友銀行退職給付信託口)
590
2.21%
9
嶋村 吉洋
521
1.95%
10
㈱MBSメディアホールディングス
518
1.94%
Domestic Nominees
13.2%
+0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
51.6%
-0.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Nihon Keizai Newspaper Co.
㈱日本経済新聞社
33.18%
33.27%
32.99%
-0.28%
日本マスタートラスト信託銀行
6.82%
7.70%
6.63%
-1.07%
Japan Custody Bank
日本カストディ銀行
2.51%
5.39%
6.56%
+1.17%
Mizuho Bank
みずほ銀行
3.69%
3.72%
3.77%
+0.05%
三井物産
3.67%
3.70%
3.76%
+0.06%
日本生命保険
2.49%
2.51%
2.55%
+0.04%
㈱東京計画
2.42%
2.44%
2.47%
+0.03%
三井住友銀行
2.16%
2.18%
2.21%
+0.03%
嶋村 吉洋
1.91%
1.93%
1.95%
+0.02%
㈱MBSメディアホールディングス
1.90%
1.91%
1.94%
+0.03%
Concentration (HHI)
ⓘ
1205
1247
1229
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥6,532M
+133% since 2023
Holdings
5
+1 new
1 exited
Trend
3 unwinding
vs 2023
Held Company
FY2025
¥6,532M total
FY2023
¥2,802M total
Book Val ¥M
Shares
Book Val ¥M
Shares
㈱U-NEXT HOLDINGS
4,391
NEW
New
2,496,336
—
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
1,366
-33.3%
↓
244,400
1,092
366,400
M
note inc.
note㈱
507
-33.3%
↓
273,400
286
410,000
Nippon BS Broadcasting Corporation
日本BS放送㈱
187
210,000
191
210,000
M
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬㈱
81
-49.9%
↓
20,200
152
40,300
M
㈱USEN-NEXT HOLDINGS
—
−100%
Exit
—
1,081
422,408
Portfolio total
6,532
2,802
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding