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Fuji TV hid a star's misconduct for six months — then half its advertisers left

A Fuji TV star's assault, hidden six months: 70+ advertisers fled, the president resigned, and Fuji Media posted its first net loss since listing.

Fuji TV · 2025-01-17

What happened

In December 2024 the weekly magazine Shukan Bunshun reported that Masahiro Nakai — former SMAP leader and one of Japan's most bankable TV hosts — had sexually assaulted a woman after a June 2023 dinner, settled with her for a reported ¥90 million, and that a Fuji TV employee had helped arrange the meeting. Fuji TV admitted it had known of the allegation for about six months without disclosing it; president Koichi Minato apologised at a news conference on 17 January 2025, saying he believed employees had done nothing wrong.

Advertisers answered immediately. Nissan, Toyota, Shiseido, Seven & I and Meiji Yasuda were among the first to suspend commercials, and by late January more than 70 companies — around half of Fuji TV's regular sponsors — had stopped placing ads. Nakai announced his retirement from entertainment on 23 January. On 27 January chairman Shuji Kano and president Koichi Minato resigned, replaced as president by Kenji Shimizu.

The company's third-party committee reported on 31 March 2025 that Nakai had sexually assaulted a former Fuji TV announcer, that the incident was work-related, that executives were told in August 2023 and dismissed it as private trouble, and that keeping Nakai on air while sidelining the victim 'falls under the definition of secondary victimization'. The financial damage followed: the company posted a ¥20.1 billion net loss — its first since listing in 1997 — and a ¥8.7 billion operating loss the following year, the first since 2008, as advertising revenue fell more than 30%.

Why it happened

  • Fuji TV sat on the allegation for six months, so the story broke as a cover-up — the concealment, not the assault, was the part advertisers could not forgive.
  • Commercial television runs on advertiser trust: one evasive press conference turned about half of Fuji TV's sponsors into a withdrawal queue.
  • The broadcaster's first instinct was to protect the star: the committee found executives kept Nakai on air while sidelining the victim — secondary victimization, paid for twice.
  • A scandal like this lands on the whole company's results, not one show: advertising revenue fell by more than 30%, and impairments and reform costs turned two years of results red.
What it cost70+ advertisers; ¥23.3B ad revenue hit; ¥20.1B net losscostly

The lesson

Hiding a star's misconduct for six months turned a personnel crisis into a revenue crisis: when the cover-up surfaced, half of Fuji TV's advertisers left. Disclosure is the cheaper option.

Aftermath

Nakai retired from entertainment on 23 January. The third-party committee's report of 31 March confirmed the assault, found it work-related, and described a corporate culture that tolerates harassment. The cost ran through two fiscal years: the net profit forecast was cut from ¥29 billion to ¥9.8 billion, the year to March 2025 ended in a ¥20.1 billion net loss — the first since listing in 1997 — and the following year brought a ¥8.7 billion operating loss as advertising revenue fell more than 30%. New president Kenji Shimizu promised human-rights reforms and restructuring.

Sources

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