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Nippon Television Holdings Reports Strong Q3 FY2024 Results Despite Net Income Dip
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Nippon Television Holdings Reports Strong Q3 FY2024 Results Despite Net Income Dip

Story Highlights
  • Nippon Television reported a significant increase in net sales and profits for Q3 FY2024.
  • The company anticipates continued growth in net sales and a slight increase in net income for FY2024.
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Nippon Television Holdings ( (JP:9404) ) has provided an announcement.

Nippon Television Holdings reported an 8.9% increase in net sales for the third quarter of FY2024, reaching 333,613 million yen. Operating profit rose by 20.5% to 37,424 million yen, and recurring profit increased by 15.9% to 42,935 million yen, indicating a strong operational performance compared to the previous year. Despite this, net income attributable to owners of the parent fell by 11% to 29,521 million yen. The company’s financial position remains robust with a slight increase in total assets and net assets. The forecast for FY2024 anticipates continued growth in net sales and a modest increase in net income, reflecting the company’s stable market position.

More about Nippon Television Holdings

Nippon Television Holdings, Inc. is a prominent company in the television broadcasting industry, listed on the Tokyo Stock Exchange’s Prime Market under the code 9404. It primarily focuses on providing television broadcasting services and related media content.

YTD Price Performance: 6.59%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.73B

See more data about 9404 stock on TipRanks’ Stock Analysis page.

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