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April 30, 2010

Revision of Financial Forecast and Year-end Dividends for the Fiscal Year Ended March 31, 2010

Nippon Television Network Corporation
(Tokyo Stock Exchange 9404)

Nippon Television Network Corporation (NTV) announced today its revision of consolidated and non-consolidated financial forecasts and year-end dividends for fiscal year ended March 31, 2010 from those previously announced on February 4, 2010.

Revision of Financial Results Forecast (April 1, 2009 - March 31, 2010)
(1) Consolidated basis

 

Net sales

Operating profit

Recurring profit

Net income

Net income per share

Previous Forecast (A)
(as of February 4, 2010)

Millions of yen
293,000

Millions of yen
18,400

Millions of yen
21,700

Millions of yen
13,000

yen

530.87

Revised Forecast (B)

296,900

23,500

27,100

16,500

672.53

Change amounts (B – A)

3,900

5,100

5,400

3,500

 

Change (%)

1.3

27.7

24.9

26.9

 

(Ref.) Previous Fiscal Year Results
(April 1, 2008 – March 31, 2009)

324,563

12,214

16,225

5,622

227.70

(2)Non-consolidated basis

 

Net sales

Operating profit

Recurring profit

Net income

Net income per share

Previous Forecast (A)
(as of February 4, 2010)

Millions of yen
256,000

Millions of yen
17,400

Millions of yen
20,200

Millions of yen
11,200

yen

452.23

Revised Forecast (B)

261,000

22,200

25,100

14,400

580.42

Change amounts (B – A)

5,000

4,800

4,900

3,200

 

Change (%)

2.0

27.6

24.3

28.6

 

(Ref.) Previous Fiscal Year Results
(April 1, 2008 – March 31, 2009)

277,759

8,389

11,749

3,245

130.05

Reasons for Revision of Financial Results Forecast

Adverse conditions continue to affect the already lackluster television advertising market. However, from the latter half of this fiscal year, the spot sales market is seeing signs of a recovery.
Net sales, along with the recovering spot sales market and upward swing in our viewer ratings, are expected to exceed the previous forecast announced on February 4, 2010.
Efforts at reducing costs, mainly in program production, are ongoing and will result in expenditures being lower than expected.
As a result, operating profit, recurring profit and net income are expected to exceed our previous forecasts.

Note: The above statements are based on the management's assumptions and beliefs in accordance with the information currently available. The actual results may differ from the above statements due to various elements of risks and uncertainties.

Revision of Year-end Dividends

 

Dividends per share

 

1st Qtr

2nd Qtr

3rd Qtr

End of year

Annual

Previous Forecast (A)
(as of February 4, 2010)

Yen
-

Yen
90.00

Yen
-

Yen
130.00

Yen
220.00

Revised Forecast (B)

-

-

-

200.00

290.00

Fiscal Year Results

-

90.00

-

 

 

(Ref.) Previous Fiscal Year Results
(April 1, 2008 – March 31, 2009)

-

90.00

-

90.00

180.00

Reasons for Revision of Financial Results Forecast

Due to the revision of our financial forecast for the fiscal year, we revised our annual dividend forecast from that previously announced on February 4, 2010.