Fluctuations in business performance caused by newly released works failing to become hits
First written in FY2017. 17 of 23 entries say "Restated". Latest entry: FY2025.
Toei Animation moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 4 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Animation production requires substantial upfront costs, so if a title fails to gain popularity and revenue from secondary use does not grow, operating results may be significantly adversely affected. Accordingly, if we are unable to release attractive productions regularly and in a timely manner, or if multiple new releases fail to achieve a certain level of performance, they may affect our group’s operating results, financial position and other matters.」
The risk of failure of new releases has been specified as arising not only from the uncertainty of achieving a hit, but also from the impact of substantial upfront costs and insufficient revenue from secondary use. - FY2024MaterialisedAnnual report
「Segment profit was ¥18,956 million, down 9.5% year on year, due in part to an inventory write-down for “Saint Seiya: The Beginning.”」
In connection with the risk of earnings volatility if the profitability of a new release falls below expectations, an inventory write-down for that title was also recognized for the full year. - FY2024-Q3MaterialisedAnnual report
「Operating profit was ¥17,772 million, down 18.5% year on year, due to an inventory write-down for “Saint Seiya: The Beginning.”」
The inventory write-down related to the new release “Saint Seiya: The Beginning” was also recognized in the cumulative third-quarter results and became a factor in the decline in operating profit. - FY2024-Q2MaterialisedAnnual report
「Operating profit was ¥11,365 million, down 19.9% year on year, due to an inventory write-down for “Saint Seiya: The Beginning.”」
The inventory write-down related to the new release “Saint Seiya: The Beginning” continued to be recognized in the results and became a factor in the decline in operating profit. - FY2024-Q1MaterialisedAnnual report
「Operating profit was ¥2,095 million, down 49.0% year on year, due to an inventory write-down for “Saint Seiya: The Beginning.”」
An inventory write-down related to a new release was actually recognized and became a factor in the decline in quarterly operating profit. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility if new releases fail to become hits. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility depending on whether new releases become hits. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risk of earnings volatility if new releases fail to become hits. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risk of earnings volatility depending on whether new releases become hits. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risk of earnings volatility depending on whether new releases become hits. - FY2021RestatedAnnual report
「The popularity of animation varies significantly by title, and not all of the productions we make are guaranteed to become hits. Accordingly, if multiple new releases fail to achieve a certain level of performance, they may affect our group’s operating results, financial position and other matters.」
The risk of earnings volatility depending on whether new releases become hits remains a major full-year risk. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no material changes or newly arising issues among the business and financial challenges that our group needs to address as a priority.」
The company states that there have been no material changes or new issues concerning its existing business and financial challenges. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risk of earnings volatility if new releases fail to become hits. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility depending on whether new releases become hits. - FY2020-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, there were no significant changes to, or newly arising issues among, the business and financial matters that our group needs to address.」
The company states that there have been no material changes or new issues concerning the risk of earnings volatility if new releases fail to become hits. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility depending on whether new releases become hits. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility depending on whether new releases become hits. - FY2019RestatedAnnual report
「The popularity of animation varies significantly by title, and not all of the productions we make are guaranteed to become hits. Accordingly, if multiple new releases fail to achieve a certain level of performance, they may affect our group’s operating results, financial position and other matters.」
The impact on operating results and financial position if new releases succeed or fail remains a full-year risk. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility if new releases fail to become hits. - FY2018RestatedAnnual report
「The popularity of animation varies significantly by title, and not all of the productions we make are guaranteed to become hits. Accordingly, if multiple new releases fail to achieve a certain level of performance, they may affect our group’s operating results, financial position and other matters.」
The risk of earnings volatility if new releases fail to become hits is explicitly identified as a full-year risk item. - FY2018-Q3RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility if new releases fail to become hits. - FY2018-Q2RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risk concerning the failure of new releases. - FY2017First statedAnnual report
「The popularity of animation varies significantly by title, and not all of the productions we make are guaranteed to become hits. Accordingly, if multiple new releases fail to achieve a certain level of performance, they may affect our group’s operating results, financial position and other matters.」
The company identifies differences in popularity by title and the potential impact on operating results and financial position if new releases fail to achieve a certain level of performance as risks.