# Fuji Media Holdings vs Nippon Television Holdings vs TBS Holdings vs TV Asahi Holdings

> Unit: JPY millions (ratios in %)
> Periods: Fuji Media Holdings = FY ending Mar 2026, consolidated, J-GAAP / Nippon Television Holdings = FY ending Mar 2026, consolidated, J-GAAP / TBS Holdings = FY ending Mar 2026, consolidated, J-GAAP / TV Asahi Holdings = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T23:30:55.903Z

| Metric | Fuji Media Holdings | Nippon Television Holdings | TBS Holdings | TV Asahi Holdings |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 551,865 | 484,418 | 424,850 | 339,487 |
| Operating income | -8,766 | 69,332 | 24,750 | 26,181 |
| Net income | 6,499 | 56,767 | 52,228 | 29,654 |
| COGS ratio | 81.0% | 62.7% | 66.7% | 69.5% |
| Operating margin | -1.6% | 14.3% | 5.8% | 7.7% |
| Net margin | 1.2% | 11.7% | 12.3% | 8.7% |
| FCF margin | -18.4% | 10.5% | -1.5% | 3.3% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YHYX | S100Y9BG | S100YI1U | S100YCD2 |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Fuji Media Holdings | Nippon Television Holdings | TBS Holdings | TV Asahi Holdings |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 22.7 (11 peers) | 50 (11 peers) | 77.3 (11 peers) | 68.2 (11 peers) |
| Profitability | 4.5 (11 peers) | 77.3 (11 peers) | 40.9 (11 peers) | 68.2 (11 peers) |
| Cash conversion | — | 25 (10 peers) | 5 (10 peers) | 45 (10 peers) |
| Efficiency | 22.7 (11 peers) | 31.8 (11 peers) | 4.5 (11 peers) | 59.1 (11 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/fuji-media-holdings/md
- https://vizora.meequs.com/en/company/nippon-television-holdings/md
- https://vizora.meequs.com/en/company/tbs-holdings/md
- https://vizora.meequs.com/en/company/tv-asahi-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).