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Nippon Television Holdings
(9404)
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Rating:75Outperform
Price Target:
¥3,268.00
▲(10.13% Upside)
Action:Upgraded
Date:08/17/26
The score is primarily supported by strong financial performance—especially the very conservative balance sheet and improving cash generation—alongside a reasonable valuation (low P/E with a modest dividend). Offsetting these strengths, technicals are mixed, with the stock still below longer-term moving averages despite neutral momentum readings.
Positive Factors
Conservative Balance Sheet
Very low debt relative to equity provides financial resilience and flexibility. The strong capital base can support content investment, acquisitions, or shareholder returns while reducing exposure to refinancing and interest-rate pressure.
Negative Factors
Cyclical Profitability
Earnings have not followed a consistently rising path, indicating sensitivity to advertising demand and operating conditions. This cyclicality can make future cash flows and investment capacity less predictable even after the recent profit rebound.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low debt relative to equity provides financial resilience and flexibility. The strong capital base can support content investment, acquisitions, or shareholder returns while reducing exposure to refinancing and interest-rate pressure.
Read all positive factors
Nippon Television Holdings (9404) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥768.30B
Dividend Yield1.49%
Average Volume (3M)333.97K
Price to Earnings (P/E)11.5
Beta (1Y)0.41
Revenue Growth2.95%
EPS Growth30.61%
CountryJP
Employees5,933
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)228.07
Shares Outstanding261,220,180
10 Day Avg. Volume256,900
30 Day Avg. Volume333,973
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)0.79
Price to Sales (P/S)1.62
P/FCF Ratio14.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)229.37
Revenue Forecast (FY)¥519.33B
Nippon Television Holdings Business Overview & Revenue Model
Company Description
Nippon Television Holdings, Inc., established in 1952 and headquartered in Tokyo, Japan, functions as a leading media and content conglomerate. The company's core activities encompass broadcasting and extensive content production. This includes cr...
How the Company Makes Money
Nippon Television Holdings makes money primarily through its broadcasting-led media ecosystem, with revenue generated across several connected streams. (1) Television advertising: The core earnings engine is the sale of advertising time on NTV’s t...
Nippon Television Holdings Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
92
Very Positive
Cash Flow
80
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 484.42B | 461.92B | 423.52B | 413.98B | 406.39B |
| Gross Profit | 180.89B | 162.97B | 141.94B | 142.19B | 152.85B |
| EBITDA | 99.55B | 83.67B | 67.05B | 64.53B | 85.26B |
| Net Income | 56.77B | 46.00B | 34.66B | 34.08B | 47.43B |
Balance Sheet | |||||
| Total Assets | 1.28T | 1.23T | 1.18T | 1.04T | 1.06T |
| Cash, Cash Equivalents and Short-Term Investments | 219.20B | 199.30B | 170.77B | 103.23B | 140.26B |
| Total Debt | 8.56B | 10.88B | 14.94B | 14.52B | 14.13B |
| Total Liabilities | 251.48B | 241.12B | 236.00B | 191.91B | 210.74B |
| Stockholders Equity | 994.95B | 959.68B | 918.59B | 836.76B | 844.74B |
Cash Flow | |||||
| Free Cash Flow | 54.00B | 39.51B | 37.47B | 37.27B | 45.95B |
| Operating Cash Flow | 60.78B | 47.90B | 44.67B | 45.46B | 58.50B |
| Investing Cash Flow | -27.53B | -26.38B | 7.49B | -23.72B | -70.05B |
| Financing Cash Flow | -20.77B | -16.07B | -14.96B | -9.45B | -9.87B |
Nippon Television Holdings Technical Analysis
Positive
2967.50
Price Trends
2882.48
Positive
2928.61
Positive
3262.53
Negative
Market Momentum
33.75
Negative
59.44
Neutral
74.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9404, the sentiment is Positive. The current price of 2967.5 is above the 20-day moving average (MA) of 2927.47, above the 50-day MA of 2882.48, and below the 200-day MA of 3262.53, indicating a neutral trend. The MACD of 33.75 indicates Negative momentum. The RSI at 59.44 is Neutral, neither overbought nor oversold. The STOCH value of 74.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9404.
Nippon Television Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥768.30B | 11.54 | 5.71% | 1.52% | 2.95% | 30.61% | |
71 Outperform | ¥320.31B | 11.11 | 6.46% | 2.17% | 4.11% | 4.48% | |
67 Neutral | ¥95.55B | 13.70 | ― | 1.71% | 2.13% | -9.91% | |
62 Neutral | ¥612.34B | 23.71 | 7.95% | 1.90% | 6.58% | 32.95% | |
62 Neutral | ¥928.27B | 18.61 | 4.88% | 1.38% | 5.12% | 6.10% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | ¥602.92B | 53.62 | 0.88% | 3.00% | 8.80% | ― |
* Communication Services Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.