# Nippon Television Holdings vs U-Next Holdings

> Unit: JPY millions (ratios in %)
> Periods: Nippon Television Holdings = FY ending Mar 2026, consolidated, J-GAAP / U-Next Holdings = FY ending Aug 2025, consolidated, J-GAAP
> Retrieved: 2026-09-30T18:29:15.794Z

| Metric | Nippon Television Holdings | U-Next Holdings |
| --- | ---: | ---: |
| Revenue | 484,418 | 390,408 |
| Operating income | 69,332 | 31,571 |
| Net income | 56,767 | 18,395 |
| COGS ratio | 62.7% | 67.0% |
| Operating margin | 14.3% | 8.1% |
| Net margin | 11.7% | 4.7% |
| FCF margin | 10.5% | 1.1% |
| Period | FY ending Mar 2026 | FY ending Aug 2025 |
| Source | S100Y9BG | S100X6EF |

## 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 | Nippon Television Holdings | U-Next Holdings |
| --- | ---: | ---: |
| Revenue growth | 50 (11 peers) | 91.7 (42 peers) |
| Profitability | 77.3 (11 peers) | 60.2 (44 peers) |
| Cash conversion | 25 (10 peers) | 15.5 (42 peers) |
| Efficiency | 31.8 (11 peers) | 89.8 (44 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/nippon-television-holdings/md
- https://vizora.meequs.com/en/company/u-next-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).