Industry map/Entertainment, Media & Leisure
Broadcasting & Newspapers industry map
Who earns the money in Broadcasting & Newspapers, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 21 companies · ¥1.81T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥1.81T
- Companies
- 21
- Avg. salary（parent only）
- ¥7.8M
- Industry weather
- Sunny
YoY +0.8%
Avg. age 41.2
Operating income +9.8%
Nippon Television Holdings[9404]
Content Media Business
- Revenue
- ¥452.7B▲5.0%
- Operating income
- ¥67.1B▲28.6%
Margin 14.8%
Whole company: Revenue ¥484.4B · Net income ¥56.8B
Avg. salary ¥14M · 48.6（parent only）
Fuji Media Holdings[4676]
Media and content
- Revenue
- ¥349.9B▼13.3%
- Operating income
- -¥30.8B
Margin -8.8%
Whole company: Revenue ¥551.9B · Net income ¥6.5B
Avg. salary ¥15.8M · 50.5（parent only）
Wowow[4839]
MediaAndContent
- Revenue
- ¥70.1B▼0.5%
- Operating income
- ¥1.38B▼39.0%
Margin 2.0%
Whole company: Revenue ¥77.1B · Net income ¥1.3B
Avg. salary ¥10.8M · 41.2（parent only）
- Fuji Media Holdings owns 20.9%
- TBS Holdings owns 16.0%
- TV Asahi Holdings owns 1.2%
TBS Holdings[9401]
Media and Contents
- Revenue
- ¥312.2B▲5.4%
- Operating income
- ¥14.6B▲72.1%
Margin 4.7%
Whole company: Revenue ¥424.9B · Net income ¥52.2B
Avg. salary ¥13.3M · 45.6（parent only）
- BIC Camera owns 2.6%
SKY Perfect JSAT[9412]
Media Business
- Revenue
- ¥61.5B▼2.5%
- Operating income
- ¥11.9B▲90.1%
Margin 19.3%
Whole company: Revenue ¥127.6B · Net income ¥23.3B
Avg. salary ¥12.1M · 45.0（parent only）
- TBS Holdings owns 6.5%
RKB Mainichi Holdings[9407]
Broadcasting related
- Revenue
- ¥15.5B▲2.5%
- Operating income
- ¥578M▲29.3%
Margin 3.7%
Whole company: Revenue ¥32.5B · Net income ¥791M
Avg. salary ¥12.3M · 47.8（parent only）
- TBS Holdings owns 6.4%
TV Asahi Holdings[9409]
TV broadcasting
- Revenue
- ¥245.5B▲5.2%
- Operating income
- ¥18.8B▲66.2%
Margin 7.6%
Whole company: Revenue ¥339.5B · Net income ¥29.7B
Asahi Broadcasting Group Holdings[9405]
Broadcasting and content
- Revenue
- ¥82.2B▲4.6%
- Operating income
- ¥4.56B▲61.5%
Margin 5.6%
Whole company: Revenue ¥96B · Net income ¥4.46B
Avg. salary ¥14.7M · 48.7（parent only）
- TV Asahi Holdings owns 9.3%
TV TOKYO Holdings[9413]
Terrestrial broadcasting and bs broadcastin
- Revenue
- ¥100.7B▲4.2%
- Operating income
- ¥5.55B▲36.4%
Margin 5.5%
Whole company: Revenue ¥164.9B · Net income ¥7.7B
Avg. salary ¥14.2M · 46.3（parent only）
Nippon BS Broadcasting[9414]
- Revenue
- ¥11.8B▼3.5%
- Operating income
- ¥1.93B▼7.3%
Margin 16.4%
Avg. salary ¥7.8M · 46.6（parent only）
- BIC Camera owns 61.4%
- TV TOKYO Holdings owns 1.2%
Chubu-Nippon Broadcasting[9402]
Media contents related
- Revenue
- ¥32.1B▲5.2%
- Operating income
- ¥758M▲111.1%
Margin 2.4%
Whole company: Revenue ¥34.9B · Net income ¥1.84B
Avg. salary ¥13.3M · 54.0（parent only）
Nojima[7419]
Media business
- Revenue
- ¥24.8B▲106.1%
- Operating income
- ¥1.59B▼14.8%
Margin 6.4%
Whole company: Revenue ¥982.8B · Net income ¥38.9B
Avg. salary ¥5.6M · 35.0（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Space Shower Skiyaki Holdings · BIC Camera · starts · BSN Media Holdings · Townnews-Sha · Tohokushinsha Film · BroadBand Tower · Chiikishinbunsha · Broadmedia
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Industry takeaways
AI summary (figures come from filings)
- Nippon Television Holdings is on top, with ¥452.7B in revenue, or 25% of the listed total.
- Fuji Media Holdings is second at ¥349.9B. Its revenue changed by -13.3% and its operating margin was -8.8%. No other company on the list lost money.
- Bigger doesn't mean more profitable. TBS Holdings makes 4.7%, while SKY Perfect JSAT's media business makes 19.3% and Nippon BS Broadcasting 16.4%.
- Free-to-air grew and pay TV shrank: TBS +5.4%, TV Asahi +5.2%, WOWOW -0.5%.
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Nippon Television HoldingsContent Media Business | ¥452.7B | 25.0% | 14.8% | — | ¥50.7B |
| 2 | Fuji Media HoldingsMedia and content | ¥349.9B | 19.3% | -8.8% | -4.2% | -¥101.6B |
| 3 | TBS HoldingsMedia and Contents | ¥312.2B | 17.2% | 4.7% | +2.6% | -¥6.52B |
| 4 | TV Asahi HoldingsTV broadcasting | ¥245.5B | 13.6% | 7.6% | +0.9% | ¥11.2B |
| 5 | TV TOKYO HoldingsTerrestrial broadcasting and bs broadcastin | ¥100.7B | 5.6% | 5.5% | — | ¥11.9B |
| 6 | Asahi Broadcasting Group HoldingsBroadcasting and content | ¥82.2B | 4.5% | 5.5% | +3.6% | ¥5.07B |
| 7 | WowowMediaAndContent | ¥70.1B | 3.9% | 2.0% | — | ¥1.54B |
| 8 | SKY Perfect JSATMedia Business | ¥61.5B | 3.4% | 19.4% | -2.2% | ¥3.56B |
| 9 | Chubu-Nippon BroadcastingMedia contents related | ¥32.1B | 1.8% | 2.4% | +1.6% | ¥2.29B |
| 10▲2 | NojimaMedia business | ¥24.8B | 1.4% | 6.4% | — | ¥42.8B |
| 11▼1 | RKB Mainichi HoldingsBroadcasting related | ¥15.5B | 0.9% | 3.7% | — | -¥1.26B |
| 12▼1 | Nippon BS Broadcasting | ¥11.8B | 0.7% | 16.4% | -0.4% | ¥1.8B |
| 13▲1 | Space Shower Skiyaki HoldingsContents business | ¥11.3B | 0.6% | 11.5% | — | ¥3.06B |
| 14▼1 | BIC CameraBS Digital Broadcasting | ¥11B | 0.6% | 18.6% | -0.5% | ¥15.2B |
| 15 | startsPublishing business | ¥7.72B | 0.4% | 21.8% | +10.8% | ¥518M |
| 16 | BSN Media HoldingsBroadcasting business | ¥5.77B | 0.3% | 6.4% | +0.4% | ¥1.66B |
| 17▲1 | Townnews-Sha | ¥3.68B | 0.2% | 12.6% | +5.7% | ¥347.6M |
| 18▼1 | Tohokushinsha FilmBroadcasting business | ¥3.62B | 0.2% | 19.0% | -26.7% | ¥981M |
| 19 | BroadBand TowerMedia solution business | ¥3.36B | 0.2% | 12.3% | -12.2% | ¥444.3M |
| 20new | Chiikishinbunshaadvertising business | ¥2.97B | 0.2% | 16.2% | — | -¥1.04B |
| 21▼1 | BroadmediaBroadcast | ¥2.24B | 0.1% | 5.1% | -4.0% | ¥493.1M |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- Operating costs
- SG&A
- Operating profit
- SKY Perfect JSAT7228
- Nippon BS Broadcasting523117
- Nippon Television Holdings632314
- starts671914
- Townnews-Sha335512
- Space Shower Skiyaki Holdings70219
- TV Asahi Holdings69238
- TV TOKYO Holdings67267
- BSN Media Holdings73207
- Broadmedia61327
- TBS Holdings6727
- Chubu-Nippon Broadcasting5539
- Nojima7222
- Tohokushinsha Film7321
- Asahi Broadcasting Group Holdings6629
- BroadBand Tower7916
- RKB Mainichi Holdings6036
- BIC Camera7324
- Wowow7028
- Chiikishinbunsha2970
- Fuji Media Holdings8121loss ¥2
Ownership links
From the major-shareholder section of annual securities reports.
- BIC CameraIn industry
- SubsidiaryNippon BS Broadcasting61.4%
- Fuji Media HoldingsIn industry
- AffiliateWowow20.9%
- StakeSpace Shower Skiyaki Holdings10.1%
- 東映株式会社Outside
- StakeTV Asahi Holdings17.7%
- TBS HoldingsIn industry
- StakeWowow16.0%
- StakeBSN Media Holdings8.1%
- StakeSKY Perfect JSAT6.5%
- StakeRKB Mainichi Holdings6.4%
- 東宝㈱Outside
- StakeFuji Media Holdings12.8%
- 伊藤忠商事㈱Outside
- StakeSpace Shower Skiyaki Holdings10.1%
- TV Asahi HoldingsIn industry
- StakeAsahi Broadcasting Group Holdings9.3%
- ＫＤＤＩ㈱Outside
- StakeSpace Shower Skiyaki Holdings9.2%
- 株式会社中広Outside
- StakeChiikishinbunsha5.4%
- 三井物産㈱Outside
- StakeTV TOKYO Holdings3.8%
- 三井不動産株式会社Outside
- StakeTBS Holdings3.6%
- 中部電力株式会社Outside
- StakeChubu-Nippon Broadcasting3.4%
- 株式会社名古屋銀行Outside
- StakeChubu-Nippon Broadcasting3.1%
- 名古屋鉄道株式会社Outside
- StakeChubu-Nippon Broadcasting3.1%
- 西日本鉄道株式会社Outside
- StakeRKB Mainichi Holdings3.1%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
- Fuji Media Holdings vs TBS Holdings
- Fuji Media Holdings vs TV Asahi Holdings
- Fuji Media Holdings vs Nippon Television Holdings
- TBS Holdings vs TV Asahi Holdings
- TBS Holdings vs Nippon Television Holdings
- TV Asahi Holdings vs Nippon Television Holdings
- Fuji Media Holdings vs TBS Holdings vs TV Asahi Holdings vs Nippon Television Holdings
All companies in Broadcasting & Newspapers (by revenue)
All 21 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Nippon Television Holdings¥452.7B · 14.8%
- Fuji Media Holdings¥349.9B · -8.8%
- TBS Holdings¥312.2B · 4.7%
- TV Asahi Holdings¥245.5B · 7.6%
- TV TOKYO Holdings¥100.7B · 5.5%
- Asahi Broadcasting Group Holdings¥82.2B · 5.5%
- Wowow¥70.1B · 2.0%
- SKY Perfect JSAT¥61.5B · 19.4%
- Chubu-Nippon Broadcasting¥32.1B · 2.4%
- Nojima¥24.8B · 6.4%
- RKB Mainichi Holdings¥15.5B · 3.7%
- Nippon BS Broadcasting¥11.8B · 16.4%
- Space Shower Skiyaki Holdings¥11.3B · 11.5%
- BIC Camera¥11B · 18.6%
- starts¥7.72B · 21.8%
- BSN Media Holdings¥5.77B · 6.4%
- Townnews-Sha¥3.99B · 14.9%
- Tohokushinsha Film¥3.62B · 19.0%
- BroadBand Tower¥3.36B · 12.3%
- Chiikishinbunsha¥2.97B · 16.2%
- Broadmedia¥2.24B · 5.1%
Revenue · Op. margin
Related industries
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