Fuji Media HoldingsFUJI MEDIA HOLDINGS, INC.4676東証プライム情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Fuji Media Holdings revenue and profit

It lost about ¥2 for every ¥100 of sales at the operating level. Revenue changed +0.2% from the prior year, operating profit -147.9%.

Five-year trend

Revenue¥551.9B
FY ending Mar 2022: ¥525.1B¥525.1BFY ending Mar 2023: ¥535.6B¥535.6BFY ending Mar 2024: ¥566.4B¥566.4BFY ending Mar 2025: ¥550.8B¥550.8BFY ending Mar 2026: ¥551.9B¥551.9BFY22FY23FY24FY25FY26
Operating income-¥8.77B
FY ending Mar 2022: ¥33.3B¥33.3BFY ending Mar 2023: ¥31.4B¥31.4BFY ending Mar 2024: ¥33.5B¥33.5BFY ending Mar 2025: ¥18.3B¥18.3BFY ending Mar 2026: -¥8.77B-¥8.77BFY22FY23FY24FY25FY26
Operating margin-1.6%
FY ending Mar 2022: 6.3%6.3%FY ending Mar 2023: 5.9%5.9%FY ending Mar 2024: 5.9%5.9%FY ending Mar 2025: 3.3%3.3%FY ending Mar 2026: -1.6%-1.6%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin1.2%
Asset turnover0.38×
ROA0.4%
ROA0.4%
Financial leverage2.64×
ROE1.2%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin1.2%
2022: 4.7%4.7%2023: 8.7%8.7%2024: 6.5%6.5%2026: 1.2%1.2%2223242526
Asset turnover0.38×
2022: 0.39×0.39×2023: 0.39×0.39×2024: 0.40×0.40×2026: 0.38×0.38×2223242526
ROA0.4%
2022: 1.9%1.9%2023: 3.4%3.4%2024: 2.6%2.6%2025: -1.4%-1.4%2026: 0.4%0.4%2223242526
Financial leverage2.64×
2022: 2.00×2.00×2023: 1.97×1.97×2024: 1.98×1.98×2026: 2.64×2.64×2223242526
ROE1.2%
2022: 3.7%3.7%2023: 6.8%6.8%2024: 5.2%5.2%2026: 1.2%1.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20224.7%0.39×1.9%2.00×3.7%
20238.7%0.39×3.4%1.97×6.8%
20246.5%0.40×2.6%1.98×5.2%
2025——×-1.4%—×—
20261.2%0.38×0.4%2.64×1.2%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue111.6%
2021: 86.1%86.1%2022: 89.0%89.0%2023: 91.2%91.2%2024: 97.9%97.9%2025: 99.9%99.9%2026: 111.6%111.6%212223242526
PPE ÷ total assets42.0%
2021: 33.5%33.5%2022: 35.0%35.0%2023: 35.3%35.3%2024: 38.3%38.3%2025: 38.2%38.2%2026: 42.0%42.0%212223242526
Goodwill ÷ parent equity0.3%
2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.2%0.2%2026: 0.3%0.3%212223242526
Goodwill balance¥1.28B
2021: ¥707M¥707M2022: ¥603M¥603M2023: ¥499M¥499M2024: ¥395M¥395M2025: ¥1.6B¥1.6B2026: ¥1.28B¥1.28B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥223M
2021: ¥148M¥148M2022: ¥166M¥166M2023: ¥398M¥398M2024: ¥470M¥470M2025: ¥445M¥445M2026: ¥223M¥223M212223242526
R&D / revenue0.0%
2021: 0.0%0.0%2022: 0.0%0.0%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.1%0.1%2026: 0.0%0.0%212223242526
Cash conversion cycle—
2021: 120d120d212223242526
Receivable days—
2021: 64d64d212223242526
Inventory days73d
2021: 91d91d2022: 66d66d2023: 70d70d2024: 66d66d2025: 73d73d2026: 73d73d212223242526
Payable days—
2021: 35d35d2022: 33d33d2023: 38d38d2024: 35d35d2025: 38d38d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue525,087535,641566,443550,761551,865
Cost of revenue364,680376,901406,706411,586446,826
Gross profit160,406158,739159,736139,175105,039
SG&A127,067127,338126,216120,881113,805
Operating income33,33831,40133,51918,293-8,766
Pretax income34,63164,74254,401-12839,899
Income tax9,32217,50616,86019,59532,898
Net income attributable to owners24,87946,85537,082-20,1346,499
Operating margin6.3%5.9%5.9%3.3%-1.6%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 9%
6%
Property, plant and equipment 42%
2%
Investment securities 25%
Other assets 16%

Funding

Interest-bearing debt 42%
Other liabilities 20%
Equity 38%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥102.6B¥130.2B¥99B¥123.1B¥128.9B
Total assets¥1.34T¥1.38T¥1.45T¥1.44T¥1.46T
Net assets¥808.8B¥848.8B¥869.6B¥830B¥561.5B
Share capital¥146.2B¥146.2B¥146.2B¥146.2B¥146.2B
Inventories¥65.8B¥72.4B¥73.6B¥82.9B¥89.6B
Property, plant and equipment¥467.2B¥488.3B¥554.5B¥550.5B¥615.9B
Intangible assets excluding goodwill¥19.9B¥17.8B¥26.2B¥23.7B¥24.2B
Goodwill¥603M¥499M¥395M¥1.6B¥1.28B
Investment securities¥411.7B¥418.2B¥414.6B¥414.9B¥372.3B
Current assets¥393B¥414.8B¥404.9B¥398.6B¥390.7B
Current liabilities¥139.3B¥174.9B¥152.4B¥186.9B¥423.7B
Trade payables¥32.9B¥39B¥39.3B¥42.3B—
Short-term borrowings¥30.6B¥42.7B¥27.7B¥69.2B¥277.6B
Long-term borrowings¥227.8B¥220.4B¥273.7B¥261.7B¥315.6B
Bonds¥10B—¥20B¥20B¥22B
Interest-bearing debt¥268.4Bderived—¥321.4Bderived¥350.9Bderived¥615.1Bderived
Total liabilities¥527.2B¥533.9B¥579.2B¥610.3B¥903.3B
Non-controlling interests¥10.7B¥11.1B¥11.7B¥11.9B¥14.7B
Equity attributable to owners of parent¥669.1B¥707.5B¥722.8B¥677.1B¥424.3B
Retained earnings¥363.2B¥401.6B¥426.9B¥396.1B¥324.2B
Treasury stock-¥14.1B-¥14.1B-¥24.1B-¥39.1B-¥79.9B

Sources

Show source documents (6)
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    有価証券報告書-第85期(2025/04/01-2026/03/31)

    ID S100YHYX2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第84期(2024/04/01-2025/03/31)

    ID S100W5GP2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第83期(2023/04/01-2024/03/31)

    ID S100TQX02024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第82期(2022/04/01-2023/03/31)

    ID S100R1H12023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第81期(令和3年4月1日-令和4年3月31日)

    ID S100OCR22022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第80期(令和2年4月1日-令和3年3月31日)

    ID S100LLMX2021-06-25Open

Extracted from XBRL: 55 / Derived from other figures: 2

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