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Asahi Broadcasting Group Holdings Corporation
(9405)
Asahi Broadcasting Group Holdings Corporation (9405) vs. iShares MSCI Japan ETF (EWJ)
Asahi Broadcasting Group Holdings Corporation Business Overview & Revenue Model
Asahi Broadcasting Group Holdings Corporation Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 94.08B | 91.92B | 90.45B | 87.03B | 85.10B | 78.34B |
| Gross Profit | 31.38B | 30.16B | 27.55B | 28.96B | 29.52B | 25.95B |
| EBITDA | 10.17B | 7.27B | 3.38B | 5.83B | 7.98B | 3.42B |
| Net Income | 4.91B | 2.50B | -884.00M | 1.35B | 2.67B | -930.00M |
Balance Sheet | ||||||
| Total Assets | 127.11B | 128.54B | 123.22B | 122.31B | 123.79B | 119.08B |
| Cash, Cash Equivalents and Short-Term Investments | 30.29B | 27.08B | 25.55B | 24.46B | 28.30B | 27.98B |
| Total Debt | 15.09B | 15.25B | 14.12B | 12.19B | 12.52B | 11.91B |
| Total Liabilities | 46.76B | 50.31B | 47.08B | 49.86B | 53.29B | 49.38B |
| Stockholders Equity | 78.69B | 76.56B | 73.03B | 69.27B | 66.98B | 66.03B |
Cash Flow | ||||||
| Free Cash Flow | -1.39B | 732.00M | 1.86B | -1.91B | 254.00M | -537.00M |
| Operating Cash Flow | 367.50M | 5.30B | 5.66B | 2.95B | 4.69B | 5.95B |
| Investing Cash Flow | -2.29B | -3.81B | -5.66B | -5.05B | -4.28B | -10.31B |
| Financing Cash Flow | 404.50M | 275.00M | 1.15B | -1.61B | 543.00M | 4.58B |
Asahi Broadcasting Group Holdings Corporation Technical Analysis
Asahi Broadcasting Group Holdings Corporation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥37.67B | 6.07 | ― | 1.67% | 7.33% | ― | |
70 Outperform | ¥910.51B | 21.98 | 5.45% | 1.30% | 4.55% | -7.49% | |
69 Neutral | ¥800.62B | 11.82 | 6.38% | 1.03% | 7.90% | 54.01% | |
69 Neutral | ¥112.93B | 10.12 | ― | 1.71% | 7.01% | 72.94% | |
64 Neutral | ¥330.47B | 6.57 | 7.48% | 1.79% | 6.63% | 80.44% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
45 Neutral | ¥542.29B | 25.92 | -2.45% | 1.40% | -6.29% | -141.32% |
Asahi Broadcasting Group Holdings Corporation Corporate Events
Asahi Broadcasting Group Holdings Corporation has approved a new Medium-Term Management Plan for 2026–2028, set to begin in April 2026 after the conclusion of its current 2021–2025 plan. The initiative is designed to enhance sustainable corporate value by building on prior results and strengthening the foundation needed to realize the group’s 2031 vision of “More Local More Global Be Original” ahead of its 80th anniversary.
The company positions this three-year plan as a key phase in reinforcing its operational and strategic base, signaling continued investment in long-term growth rather than short-term restructuring. While detailed measures are provided separately, the announcement underscores management’s focus on stability, future expansion in both local and global markets, and clearer alignment of corporate activities with its medium- to long-term vision.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.
Asahi Broadcasting Group Holdings Corporation has announced that its Board of Directors resolved on March 9, 2026, to revise the company’s Corporate Governance Policy. The updated policy, which replaces the previous governance framework, signals an effort to strengthen governance structures and may influence how the company manages oversight, compliance, and stakeholder relationships going forward.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.
Asahi Broadcasting Group Holdings has revised its dividend policy, committing to return profits to shareholders based on a payout ratio target, while balancing internal reserves, financial soundness, and investments to support corporate value and growth. The company now uses a 30% dividend payout ratio, based on profit attributable to owners of parent, as a guideline and aims to lift this to a stable 40% over the medium to long term, and accordingly has raised its dividend forecast for the year ending March 31, 2026, increasing the period-end dividend from ¥10.00 to ¥22.00 per share and the total annual dividend from ¥18.00 to ¥30.00 per share, signaling a more shareholder-friendly capital policy.
This shift in dividend policy and the sharp increase in the forecast dividend underscore management’s intention to enhance shareholder returns while maintaining a disciplined approach to balance sheet strength and future-oriented investment. The higher payout and clearer medium- to long-term target could improve the company’s appeal to income-focused investors and may influence its valuation within Japan’s broadcasting and media sector, where capital efficiency and shareholder returns have come under growing scrutiny.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.
Asahi Broadcasting Group Holdings has revised its dividend policy in line with a new medium-term management plan effective from the fiscal year ending March 31, 2026. The company will now base its dividend payout calculation on profit attributable to owners of parent, replacing the previous focus on profit derived from core business operations after tax adjustments.
Under the updated framework, the broadcaster will use a 30% dividend payout ratio as a guideline while targeting a stable 40% payout ratio over the medium to long term. Management emphasizes that it will continue to weigh operating results, capital needs, and financial strength to maintain continuous and stable dividends, reflecting a closer alignment of shareholder returns with overall performance and enhanced transparency.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.
Asahi Broadcasting Group Holdings has approved a new Medium-Term Management Plan covering fiscal years 2026 to 2028, following the conclusion of its 2021–2025 plan. The initiative is positioned as a key phase to enhance sustainable corporate value and reinforce the business foundation needed to achieve the group’s 2031 vision of “More Local More Global Be Original.”
The new plan, which will begin in April 2026, is intended to build on the results of the previous medium-term strategy and support long-term growth ahead of the company’s 80th anniversary. While detailed measures were not disclosed in the announcement, the plan signals a continued focus on strengthening operations and competitiveness in its core media and content domains, with implications for the group’s future positioning in both local and global markets.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.
Asahi Broadcasting Group Holdings Corporation will transfer all businesses related to the ABC Content Production Committee to its wholly owned subsidiary ABC Frontier, Inc. through an absorption-type company split effective April 1, 2026. The transaction is structured as a simplified, no-consideration split with no change in share capital, reflecting an internal reorganization within the media group.
By consolidating the committee’s legacy rights and interests in ABC Frontier, the group aims to streamline operations and reinforce its live-action content value chain from planning and production to broadcasting and secondary use. Management expects the move to improve operational efficiency, strengthen drama and other live-action production as a strategic pillar, and support higher-quality content and optimized sales and marketing that can enhance the group’s brand and long-term audience engagement.
The restructuring follows Asahi Television Broadcasting Corporation’s recent push into prime-time dramas, including establishing a Sunday 10 p.m. nationwide slot in 2023 to expand its live-action offerings. Concentrating rights management and exploitation in ABC Frontier is intended to clarify roles among group companies, deepen cooperation with external partners, and better position the group in a competitive market shaped by changing viewing habits and device diversification.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.
Asahi Broadcasting Group Holdings Corporation has announced a reorganization of its executive officer structure effective April 1, 2026, including updated responsibilities across core functions such as broadcasting, content, sports, events, DX and IT, and internal auditing. The company is also strengthening management strategy and investor relations oversight, while appointing new executive officer Makiko Tsuda to lead the event business and transitioning certain current executives into advisory roles.
The group further detailed changes to the executive lineup at key subsidiary Asahi Television Broadcasting Corporation, where several current executives of the holding company will take director roles overseeing areas such as sports, programming, engineering, marketing, compliance, and event business. These coordinated appointments and retirements indicate a broad leadership refresh aimed at reinforcing governance, sharpening business domain responsibilities, and supporting future growth across the group’s broadcasting and event-related operations.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.
Asahi Broadcasting Group Holdings Corporation reported consolidated net sales of ¥72.0 billion for the nine months ended December 31, 2025, up 7.7% year on year, reflecting modest top-line growth driven by higher cost of sales and slightly increased selling, general and administrative expenses. Operating profit surged to ¥3.6 billion, more than tripling from the previous year, while ordinary profit and profit attributable to owners of the parent also jumped sharply, indicating a significant improvement in profitability despite only moderate revenue growth.
The strong profit expansion suggests better cost control, improved operating efficiency, or a favorable business mix within its media operations, even as overall expenses continued to rise. This profitability rebound strengthens the company’s financial position and could enhance its competitive standing in Japan’s broadcasting sector, offering a more solid base for future strategic initiatives and potentially more stable returns for stakeholders.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.
Asahi Broadcasting Group Holdings reported a solid rebound in performance for the nine months ended 31 December 2025, with net sales up 7.7% year on year to ¥72.0 billion and operating profit surging 227.4% to ¥3.6 billion. Ordinary profit rose 183.6% to ¥3.7 billion and profit attributable to owners of the parent jumped 210.8% to ¥3.8 billion, lifting basic earnings per share to ¥91.84.
The company’s financial position also strengthened, with total assets increasing to ¥131.6 billion and the equity ratio improving to 61.4%, while net assets climbed to ¥82.4 billion. Management maintained its full-year forecast, projecting modest net sales growth to ¥92.7 billion but a near 39% rise in operating profit and a 63.8% increase in profit attributable to owners of the parent, and it plans to raise annual dividends from ¥13.00 to ¥18.00 per share for the year ending March 2026, signaling confidence in earnings momentum and shareholder returns.
The most recent analyst rating on (JP:9405) stock is a Buy with a Yen902.00 price target. To see the full list of analyst forecasts on Asahi Broadcasting Group Holdings Corporation stock, see the JP:9405 Stock Forecast page.