Risk of earnings volatility from major theatrical releases
First written in FY2016. 5 of 10 entries say "Restated". Latest entry: FY2026.
IG Port moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Revenue declined as a reaction to the previous period, when income from "Kimi ni Todoke 3RD SEASON" and "Haikyu!! The Dumpster Battle" made a significant contribution. As a result, full-year revenue in this business totaled ¥2,235.625 million, down 43.5% from the previous fiscal year, and operating profit totaled ¥1,426.738 million, down 26.2%.」
The rights business experienced a substantial full-year decline in revenue and profit due to the reaction to revenue from major works in the previous fiscal year, demonstrating the impact of the timing of revenue recognition from works on performance. - FY2026-H1MaterialisedAnnual report
「Revenue declined as a reaction to the previous period, when income from "Kimi ni Todoke 3RD SEASON" and "Haikyu!! The Dumpster Battle" made a significant contribution. As a result, revenue in this business totaled ¥1,017.913 million, down 64.1% year on year, depreciation declined from the prior-year period, and operating profit totaled ¥641.307 million, down 49.7% year on year.」
Revenue in the rights business fell 64.1% due to the reaction to the significant contribution from major works in the previous period, demonstrating the impact of the timing of revenue recognition from major works and investments on performance. - FY2025-H1MaterialisedAnnual report
「All license revenue from the streaming provider for "Kimi ni Todoke 3RD SEASON" was recognized as a lump sum during the current interim consolidated accounting period.」
License revenue related to major streaming works was recognized as a lump sum, demonstrating the structure in which the timing of revenue recognition is concentrated depending on contracts for the use of works. - FY2023RestatedAnnual report
「The Company Group is working to reduce fluctuations in operating performance. However, in its major investments in animation, the timing and amount of revenue vary depending on the terms of contracts for the use of works, including licensing rights, and on reports of royalties and distributions. If depreciation of video masters and content assets is not recognized in the same accounting periods as revenue, the Company Group's operating performance and other results may fluctuate significantly. These factors must therefore be taken into account when comparing operating performance across periods.」
The disclosure continues to cover the risk of performance volatility caused by contracts, royalties and distribution reports related to major investments, and mismatches between the timing of depreciation and revenue recognition. - FY2021ReframedAnnual report
「In the Company Group's major investments in animation, the timing and amount of revenue vary depending on the terms of contracts for the use of works, including licensing rights, and on reports of royalties and distributions. If depreciation of video masters and content assets is not recognized in the same accounting periods as revenue, the Company Group's operating performance and other results may fluctuate significantly.」
The explanation of the risk has been expanded from the previous focus on whether major theatrical works generate sales to performance volatility caused by contracts, royalties and distribution reports related to major investments, and mismatches between the timing of depreciation and revenue recognition. - FY2021-Q1RestatedAnnual report
「The first quarter cumulative period was a gap period for sales in the video production business, and there were no sales from major video works. From the second quarter onward, the Company expects to record sales from major theatrical works and other productions.」
The structure in which period performance fluctuates depending on whether major video works generate sales is reconfirmed by the gap period in the first quarter and the expected sales from major works from the second quarter onward. - FY2019RestatedAnnual report
「The Company Group is working to reduce fluctuations in operating performance. However, in the production of animation works, operating performance fluctuates significantly depending on whether sales are generated by major theatrical releases. As a measure to address this risk, the Company has expanded its production lines for television and video animation works, which have relatively short production periods, as well as its production lines for theatrical works.」
The disclosure continues to cover the risk of performance volatility from major theatrical releases and the measures taken by expanding production lines for television, video and theatrical works. - FY2018RestatedAnnual report
「The Company Group is working to reduce fluctuations in operating performance. However, in the production of animation works, operating performance fluctuates significantly depending on whether sales are generated by major theatrical releases. As a measure to address this risk, the Company has expanded its production lines for television and video animation works, which have relatively short production periods, as well as its production lines for theatrical works.」
The disclosure continues to cover the risk of performance volatility from major theatrical releases and the measures taken by expanding production lines for television, video and theatrical works. - FY2017RestatedAnnual report
「As a measure to address this risk, the Company has expanded its production lines for television and video animation works, which have relatively short production periods, as well as its production lines for theatrical works. Nevertheless, if the Company Group produces major theatrical animation works with long production periods, its operating performance and other results may fluctuate significantly.」
The disclosure covers both the risk of performance volatility from major theatrical releases and the measures taken by expanding production lines for television, video and theatrical works. - FY2016First statedAnnual report
「In animation production, financial results fluctuate significantly depending on whether revenue is generated from major theatrical works.」
Identifies period-to-period earnings volatility arising from the presence or absence of revenue from major theatrical works.