Overview
Information & Communication

TV Asahi Holdings Corporation

TV Asahi Holdings Corporation is a certified broadcasting holding company operating across television broadcasting, internet video distribution, and shopping (TV commerce/EC) segments, with TV Asahi as its core operating subsidiary broadcasting nationwide in Japan. The group produces and distributes a wide range of television content including news, drama, variety, and animation, while expanding digital revenue streams through ad-supported and subscription video-on-demand services. Additional businesses include music publishing, live events, equipment sales/leasing, and film investment, supported by a group of 36 subsidiaries and 22 affiliates including animation studio Shin-Ei Animation.

Market Cap
¥338B
US$2.15B
EV
¥50.5B
US$322M
Stock¥3,360▲+2.91%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
1.6
x
LTM EV/EBIT
2.0
x
LTM PER
12.0
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-16.2%pt
100
Oct 23, 25 – Oct 22, 26StockTOPIX
MC → EV Bridge
338BUS$2.15BMarket Cap3.77BUS$24.0M+ Debt23.1BUS$147M− Cash272BUS$1.73B− Inv. Sec.4.16BUS$26.5M+ NCI50.5BUS$322MEV
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Performance & Balance
Revenue 5Y (¥B)
298US$1.90B'22/3305US$1.94B'23/3308US$1.96B'24/3324US$2.06B'25/3339US$2.16B'26/3
EBITDA 5Y (¥B)
31.7US$202M'22/324.7US$157M'23/322.2US$141M'24/329.2US$186M'25/335.4US$225M'26/3
Net Income 5Y (¥B)
21.0US$134M'22/316.6US$106M'23/317.1US$109M'24/325.8US$164M'25/329.7US$189M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
252US$1.61B'22/3237US$1.51B'23/3249US$1.59B'24/3247US$1.57B2.98US$19.0M'25/3249US$1.59B3.77US$24.0M'26/3
Shareholders
Top 10 hold 62.0%
1
The Asahi Shimbun Company
20.21%
2
TOEI COMPANY,LTD.
17.70%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.94%
4
Kosetsu Museum of Art Foundation (Public Interest Foundation)
4.80%
5
KBC GROUP HOLDINGS CO.,LTD.
3.18%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.80%
7
The Asahi Shimbun Culture Foundation (Public Interest Foundation)
2.19%
8
Aya NOMURA (Standing Proxy: Mita Securities Co., Ltd.)
1.86%
9
SG/UCITS V/INV (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.75%
10
Custody Bank of Japan, Ltd. (Trust Account)
1.61%
Management
14 officers
Hiroshi HAYAKAWA
Representative Director, Chairman
Apr 1967 Joined the Company Jun 1995 General Manager, Public Relations Bureau, the Company Feb 1996 General Manager, Programming Bureau, the Company Mar 1997 General Manager, News Bureau, the Company Sep 1998 Deputy General Manager, News and Information Division, and General Manager, News Bureau, the Company (Executive Officer-level treatment) Jun 1999 Director, General Manager, Programming and Production Division, the Company Feb 2000 Director, General Manager, Programming Division, the Company Jun 2001 Managing Director, General Manager, Programming Division, the Company Mar 2002 Managing Director, General Manager, Programming Division and Programming and Production Bureau, the Company Feb 2003 Managing Director, General Manager, Programming and Production Bureau, the Company Jun 2005 Representative Director, Senior Managing Director, the Company Jun 2007 Representative Director, Vice President, the Company Jun 2009 Representative Director, President, the Company Oct 2013 Representative Director, TV Asahi Split Preparation Co., Ltd. (now TV Asahi Corporation) Apr 2014 President, TV Asahi Split Preparation Co., Ltd. Jun 2014 Representative Director, Chairman and CEO, the Company; Representative Director, Chairman and CEO, TV Asahi Corporation Jun 2019 Representative Director, Chairman and CEO, the Company; Representative Director, Chairman and CEO, TV Asahi Corporation Feb 2022 Representative Director, Chairman and CEO, and President and COO, TV Asahi Corporation Jun 2022 Representative Director, Chairman, the Company (current); Representative Director, Chairman, TV Asahi Corporation Jun 2025 Director, Chairman, TV Asahi Corporation (current)
1944-01-01
Hiroshi SHINOZUKA
Representative Director, President; Chairman of the Board of Directors; in charge of Internet Strategy, Network Strategy, and Sustainability Promotion
Apr 1986 Joined the Company Jun 2012 General Manager, News Bureau, the Company Apr 2014 General Manager, News Bureau, TV Asahi Corporation Jun 2014 Director, the Company; Director, General Manager, News Bureau, TV Asahi Corporation Nov 2018 Director, TV Asahi Corporation Jun 2019 Managing Director, TV Asahi Corporation Jun 2022 Representative Director, President, the Company (current); Representative Director, President, TV Asahi Corporation Jun 2025 Director, Vice Chairman, TV Asahi Corporation (current)
1962-06-15
Arata NISHI
Director, Vice President; in charge of Content Strategy and Sales Strategy
Apr 1989 Joined Senkosha Co., Ltd. Oct 1997 Joined the Company Jul 2014 General Manager, General Programming Bureau, TV Asahi Corporation Jun 2019 Director, the Company; Director, General Manager, General Programming Bureau, TV Asahi Corporation Jul 2020 Director, General Manager, Content Programming Bureau, TV Asahi Corporation Jun 2022 Director, the Company; Managing Director, General Manager, Content Programming Bureau, TV Asahi Corporation Jul 2023 Managing Director, TV Asahi Corporation Jun 2025 Director, Vice President, the Company (current); Representative Director, President, TV Asahi Corporation (current)
1965-08-02
Gengo SUMINAMI
Director; in charge of Management Strategy, Finance, and Public Relations and IR
Apr 1979 Joined the Company Jun 2008 General Manager, General Affairs Bureau, the Company Jun 2010 Director, General Manager, General Affairs Bureau, the Company Jun 2012 Director, the Company Apr 2014 Director, TV Asahi Corporation Jun 2014 Managing Director, TV Asahi Corporation Jun 2016 Representative Director, President, TV Asahi Corporation Jun 2019 Representative Director, President, BS Asahi Inc.; Director, Vice President, the Company; Director, TV Asahi Corporation Jun 2022 Director, Advisor, BS Asahi Inc. (current); Director, the Company (current); Director, Vice President, TV Asahi Corporation (current)
1956-10-20
Junji ITABASHI
Director; in charge of Media City Strategy
Apr 1987 Joined the Company Jul 2016 General Manager, General Affairs Bureau, the Company; General Manager, General Affairs Bureau, TV Asahi Corporation Jun 2019 Director, General Manager, General Affairs Bureau, the Company; Director, General Manager, General Affairs Bureau, TV Asahi Corporation Jul 2021 Director, TV Asahi Corporation Jun 2022 Director, the Company (current); Managing Director, TV Asahi Corporation Jun 2025 Senior Managing Director, TV Asahi Corporation (current)
1964-03-26
Hitoko SHINBORI
Director, General Manager, Compliance Bureau; in charge of Compliance and Human Rights
Apr 1991 Joined the Company Jul 2021 General Manager, Program Review Office, TV Asahi Corporation Jun 2024 Director, General Manager, Compliance Office and Program Review Office, TV Asahi Corporation Jul 2024 Director, General Manager, Compliance Office, TV Asahi Corporation Jun 2025 Director, General Manager, Compliance Office, the Company Jul 2025 Director, General Manager, Compliance Bureau, the Company (current); Director, General Manager, Compliance Bureau, TV Asahi Corporation (current)
1966-07-09
Noriyuki TADA
Director
Apr 1972 Joined Toei Company, Ltd. Apr 2014 Representative Director, President, Toei Company, Ltd. Jun 2020 Director, Senior Advisor, Toei Company, Ltd. Jun 2021 Representative Director, Chairman, Toei Company, Ltd. Feb 2023 Representative Director, Chairman and President, Toei Company, Ltd. Apr 2023 Representative Director, Chairman, Toei Company, Ltd. (current) Jun 2023 Director, the Company (current)
1949-09-06
Sanae TANAKA
Director
Apr 1989 Registered as attorney-at-law Sep 1991 Principal, Sanae Tanaka Law Office (current) Mar 2011 Director, Noevir Holdings Co., Ltd. Mar 2015 Director, Pilot Corporation Apr 2015 Vice Chairperson, Program Deliberation Committee, TV Asahi Corporation May 2015 Director, Shochiku Co., Ltd. Mar 2023 Audit & Supervisory Board Member, Asahi Group Holdings, Ltd. Jun 2023 Director, the Company (current)
1962-07-15
Katsu KAKUDA
Director
Apr 1989 Joined The Asahi Shimbun Company Jun 2024 Representative Director, President, The Asahi Shimbun Company Jun 2025 Representative Director, President and CEO, The Asahi Shimbun Company; Director, the Company (current) Jun 2026 Representative Director, President, The Asahi Shimbun Company (current)
1965-03-21
Akira OSADA
Director (Audit and Supervisory Committee Member)
Apr 1986 Joined the Company Jul 2016 General Manager, Public Relations Bureau, TV Asahi Corporation Jun 2022 General Manager, Public Relations Bureau, TV Asahi Corporation (Executive Officer-level treatment) Jun 2023 Director (Audit and Supervisory Committee Member), the Company (current)
1962-10-15
Katsuhiko IKEDA
Director (Audit and Supervisory Committee Member)
Apr 1976 Joined the National Police Agency Aug 2007 Director-General, Security Bureau, National Police Agency Jan 2010 Commissioner General, National Police Agency Sep 2012 Chairman, Nuclear Regulation Authority Jun 2017 President, Japan Road Traffic Information Center (Public Interest Foundation) Jun 2021 Director (Audit and Supervisory Committee Member), the Company (current)
1953-02-12
Yoshio HIGUCHI
Director (Audit and Supervisory Committee Member)
Apr 1991 Professor, Faculty of Business and Commerce, Keio University May 2009 Dean, Faculty of Business and Commerce, Keio University Apr 2012 President, Japan Economic Association Apr 2013 Chairman, Labor Policy Council Apr 2018 President, Japan Institute for Labour Policy and Training Apr 2019 Professor Emeritus, Keio University (current) Jun 2025 Director (Audit and Supervisory Committee Member), the Company (current)
1952-11-23
Sadayoshi FUJISHIGE
Director (Audit and Supervisory Committee Member)
Mar 1969 Joined Lion Yushi Co., Ltd. Mar 2004 Representative Director, President, Lion Corporation Jan 2012 Representative Director, Chairman, Lion Corporation Mar 2016 Senior Advisor, Lion Corporation Mar 2021 Special Advisor, Lion Corporation Jun 2021 Director (Audit and Supervisory Committee Member), the Company (current)
1947-01-01
Mieko YOSHINAKA
Director (Audit and Supervisory Committee Member)
Apr 1996 Registered as attorney-at-law Aug 2001 Human Rights Commissioner, Ministry of Justice Apr 2003 Partner, Hata & Yoshinaka Law Office (current) Apr 2020 Executive Director, Japan Federation of Bar Associations Apr 2024 Vice President, Daiichi Tokyo Bar Association Apr 2025 Member of the Council, Daiichi Tokyo Bar Association Jun 2025 Director (Audit and Supervisory Committee Member), the Company (current)
1963-12-28
Large Shareholding Reports
野村絢
2026-10-22
5.06%
Toei Company, Ltd.
2026-03-06
17.07%→17.07%
Annual report (as of 2026-03-31): 17.70%
Toei Company, Ltd.
2025-07-29
17.07%→17.07%
Annual report (as of 2026-03-31): 17.70%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-06
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-07-29
Change Report
EDINETAmended
2025-07-04
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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