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(Update) Fuji Media Expects 1st Annual Operating Loss

(Update) Fuji Media Expects 1st Annual Operating Loss

   Tokyo, July 31 (Jiji Press)--Fuji Media Holdings Inc. said Thursday that it expects to incur a consolidated operating loss of 12 billion yen for fiscal 2025, which would be its first full-year operating loss since becoming a holding company in 2008.
   The parent of Fuji Television Network Inc. previously projected 2.5 billion yen in profit for the year through March 2026. The downward revision reflects slower-than-expected recovery in advertising revenue, which slumped due to the group's poor handling of a sex scandal involving former popular TV personality Masahiro Nakai. In the previous year, Fuji Media earned an operating profit of 18.2 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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