Nikkei's 2024 profit declines despite revenue increase

Nihon Keizai Shimbun Inc., a significant affiliate of TV Tokyo Holdings, announced its fiscal 2024 results, revealing a ¥14.13 billion operating profit on ¥382.22 billion in revenue, a 4.3% year-over-year increase. However, net profit attributable to the parent company dipped to ¥8.32 billion. The firm attributed the revenue growth to strong electronic edition sales and favorable currency exchange rates. Despite the increased costs associated with the yen's depreciation, operating profit still increased. The firm's total assets reached ¥660.84 billion, with a net asset of ¥399.83 billion. The annual dividend per share is expected to remain steady at ¥15.