June 2025

Thank you very much for your continued support of Nippon Television Holdings, Inc.

The Nippon TV Group has updated its management philosophy to align with the times: “Enrich people's lives by providing accurate and timely news, high-quality content, and creating a diverse culture.” Additionally, to achieve our desired state a decade from now, we have established a new management vision: “Change the ‘World’ Through the Power of Content.” We are dedicated to making the world a better place—both globally and locally—through the power of content.

The biggest initiative the Nippon TV Group will be undertaking going forward is business in the global market. The slogan for our Medium-Term Management Plan 2025-2027 is “Gear up, go global.” This reflects our strong commitment to taking a significant step toward becoming a global content creator originating from Japan.

Specifically, we will thoroughly strengthen our content production capabilities and accelerate the development of proprietary IP capable of generating profits on a global scale. We have established a business hub in Los Angeles, USA, to focus on driving sales in the North American market. We have also formed a strategic partnership with an international production studio headquartered in Canada. Through these initiatives, we aim to achieve consolidated net sales of 540 billion yen and consolidated operating profit of 58 billion yen by the fiscal year 2027. To accelerate future growth, we are setting aside a growth investment budget of 100 billion yen. The strategic investment will focus on three key domains: content and global expansion, wellness, and new business development. In addition to these focus areas, we are committed to investing in initiatives that contribute to solving social issues.

We also believe it is essential to conduct our business in alignment with our core mission as a news organization. We are committed to enhancing reliability through systematic fact-checking and strengthening our investigative reporting, thereby contributing to the creation of a sustainable society. By fortifying cooperation with our network companies, we aim to support the development and revitalization of local communities. At the same time, we will continue to advance initiatives that promote sustainability.

Over the past three years, our market capitalization has grown from 336.1 billion yen to 805.7 billion yen, and our stock price has risen approximately 2.6-fold. We will continue to aim for the expansion of our revenue base. While maintaining our fundamental policy of delivering continuous and stable shareholder returns, we are committed to enhancing those returns further, setting a new target of a total return ratio of 35% or more.

We are grateful for your continued guidance and encouragement.