Fuji Media Holdings nine-month profit jumps 25%

Fuji Media Holdings (TSE:4676) announced its consolidated financial results for the nine months ended December 31, 2024, reporting a 0.8% increase in net sales to ¥413.288 billion. Operating income rose by 15.1% to ¥27.170 billion, while recurring profit increased by 19.3% to ¥33.862 billion. The Media & Content segment and the Urban Development, Hotels & Resorts segment both contributed to the improved earnings. The company forecasts full year sales to reach ¥548.2 billion, operating income of ¥18 billion and net income of ¥9.8 billion. Fuji Media Holdings, said advertisers have suspended commercials on Fuji TV and Fuji TV has resolved to not charge advertising fees for the replaced AC ads and canceled ads. A significant decline in advertising revenue for the fourth quarter is expected at Fuji TV.