Fuji Media Holdings Reports ¥20.1 Billion Net Loss for FY2024, Projects ¥10 Billion Profit in 2025

Tokyo-based Fuji Media Holdings, the parent company of Fuji Television Network, announced a consolidated net loss of ¥20.1 billion (US$138.5 million) for fiscal year 2024, ending March 2025, marking its first annual deficit since going public in 1997. The financial setback, disclosed on May 16, 2025, was attributed to a significant scandal involving former TV personality Masahiro Nakai, which prompted major corporate sponsors to withdraw advertising from Fuji Television's programming. This led to a decline in sales, with the company reporting ¥550.7 billion in sales, a 2.8% drop from the previous year, severely impacting the broadcaster's bottom line. Additionally, the company recorded a ¥26 billion impairment loss on Fuji Television's fixed assets, further deepening the financial strain.

Despite the challenging year, Fuji Media Holdings remains cautiously optimistic, forecasting a recovery with a net profit of ¥10 billion (US$69 million) for fiscal year 2025. The company anticipates a gradual rebound in advertising revenue and improved operational efficiencies to drive the turnaround. The announcement underscores the volatile nature of the media industry, where reputational risks can swiftly translate into substantial financial losses, yet Fuji's leadership is working to implement new reform measures, including systems to prevent human rights abuses, restructuring departments, and increasing diversity in executive positions to regain market trust and sponsor support in the coming year.