Fuji Media (TYO:4676) updated its reform action plan, setting a return on equity (ROE) target of 8% by fiscal 2033 and outlining profit goals of about 40 billion yen for its media and content unit and 35 billion yen for its urban development, hotels and resorts segment.

The broadcaster plans to invest a total of 250 billion yen over five years and repurchase shares worth about 250 billion yen by fiscal 2029, including 50 billion yen over the next year, according to a Monday filing on the Tokyo Stock Exchange.

The company also set a dividend floor of 50 yen per share.

Fuji Media said it aims to boost profitability by monetizing intellectual property and reorganizing assets to build a more capital-efficient business portfolio.