Business Coach Inc. (TSE Growth: 9562) and TV TOKYO Holdings Corporation (TSE Prime: 9413) each filed TDnet notices on September 8, 2026, disclosing the finalized interim results of Nikkei Inc., which both companies list as an "other related company" under Japanese disclosure rules. Nikkei is Business Coach's largest shareholder, holding a 19.97% voting stake, and TV Tokyo Holdings' largest shareholder, holding a 33.11% voting stake. Both disclosures cover Nikkei's interim results for the six months to June 30, 2026.
The consolidated picture looks reassuring. Group revenue rose 4.3% to ¥195.5bn as a steady digital edition and higher event income offset falling print circulation, with currency effects also contributing to the increase; a weaker yen separately pushed costs higher. Operating profit was essentially flat, down 0.1% at ¥5.97bn. Ordinary profit climbed 17.6% to ¥7.72bn on stronger equity-method investment gains, yet net profit attributable to owners still fell 7.6% to ¥4.79bn as tax expenses rose.
| Metric | Consolidated (group) | Change y/y | Non-consolidated (parent) | Change y/y |
|---|---|---|---|---|
| Revenue | ¥195.5bn | +4.3% | ¥86.0bn | -2.3% |
| Operating profit | ¥5.97bn | -0.1% | ¥3.28bn | -34.9% |
| Ordinary profit | ¥7.72bn | +17.6% | ¥4.49bn | -29.6% |
| Net profit | ¥4.79bn | -7.6% | ¥4.46bn | -43.0% |
The stand-alone numbers, stripping out subsidiaries, tell a rougher story. Nikkei's core newspaper company reported revenue down 2.3% to ¥86.0bn, operating profit down 34.9% to ¥3.28bn, and net profit down 43.0% to ¥4.46bn. The parent's results were markedly weaker than the consolidated group's; the filings do not break out how much of the gap the group's digital, events, database, and broadcasting operations closed.
Comprehensive income, which adds items such as unrealized securities gains and currency-translation adjustments on top of net income, jumped 318.5% to ¥8.86bn from ¥2.12bn a year earlier. Total assets stood at ¥689.2bn against net assets of ¥436.6bn, an equity ratio of 58.7%. Nikkei has not set a year-end dividend for the year to December 2026, and the figures are unaudited interim results.
The TV Tokyo Holdings filing adds a detail the Business Coach one omits: Nikkei's board chairman also serves as an outside director of TV Tokyo Holdings, while TV Tokyo Holdings' president sits on Nikkei's board, an overlap typical of Japan's tightly held media groups. Nikkei's fuller semi-annual report, the document investors would need to judge the newspaper business more precisely, is due September 30, 2026.