Revenue: $2.3 billion
Profit: $123 million
Celebrating its 50th anniversary last year with a strong determination to break the lead of its main rivals Fuji Television Network and Nippon Television Network in ratings and revenue, Tokyo Broadcasting System still remains Japan’s third-ranked private network.
Its high-flying aims were not helped by a 23.5% fall in net profit for the most recent financial year (ended March 31), which the company attributes partly to an appraisal loss of some $5 million, alongside the negative effect of lower advertising income, a general malaise that’s afflicting all of Japan’s private television networks.
In June, a major reshuffling of corporate leadership heralded other structural changes that became necessary.
Outgoing president Yukihiro Sunahara made way for his deputy Hiroshi Inoue, one of Japan’s major TV movers and shakers. Sunahara, well versed in corporate politics, took over the post of chairman, overseeing a whole new crew of executives.