Komori
Earnings9601Shochiku Co.,Ltd.Information and Communications, Services and Others

Earnings Report for the Fiscal Year Ended February 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ended February 2026, revenue increased substantially, and operating income, ordinary income and net income returned to profitability, resulting in a significant increase in earnings. For the fiscal year ending February 2027, revenue is expected to increase slightly, while operating income is forecast to decline 40.1% and the annual dividend is expected to decrease from ¥40 to ¥30.

Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
270.9
Year-on-year change in operating income (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAP
Net Sales98,249¥ millionYear on year +17.0%Progress 98.2%
Operating profit6,173¥ millionYear on year +270.9%Progress 166.8%
Ordinary income6,345¥ millionProgress 181.3%
Net income attributable to owners of the parent5,236¥ millionProgress 238.0%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥381.02
Operating Margin6.3% (2.0% in the previous fiscal year)
Financial position at period-end
Total assets229,381¥ million
of which net assets 108,314 ¥ millionEquity ratio 47.2%vs. prior year-end +2.7pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+13,358
Investment-4,139
Financials-5,436
Net change+3,783

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥18,694 million
Segment revenueVideo-related business ¥52,949 million (YoY +21.1%), Theatrical Business ¥27,275 million (YoY +14.6%), Real Estate Business ¥14,618 million (YoY +4.8%)
Segment profitVideo-related business ¥2,519 million (YoY +479.1%), Theatrical Business ¥1,723 million, Real Estate Business ¥5,152 million (YoY -11.3%)
Regional salesRevenue from external customers in Japan accounted for more than 90% of the consolidated income statement revenue (revenue amount not disclosed)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥100,000 million (YoY +1.8%)
Operating profit¥3,700 million (YoY -40.1%)
Ordinary income¥3,500 million (YoY -44.8%)
Net income¥2,200 million (YoY -58.0%)
Annual Dividend Forecast¥40 → ¥30（-25.0%）
Payout ratio18.7% (forecast for the fiscal year ending February 2027; 10.5% actual for the fiscal year ended February 2026)
Factors Behind Changes in Business Performance

Further efficiency improvements and proactive sales activities, hit titles and broad attendance in the video-related business, strong performances in the theater business, appropriate rent revisions in the real estate business, and earnings contributions from products, games and other offerings in the other businesses.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidation0 additions and 0 exclusions (no company names)
Material subsequent eventsAt a meeting of the Board of Directors held on 14 April 2026, the company resolved to commence demolition work on the Osaka Shochikuza Building. The company expects to record a ¥2,400 million extraordinary loss as an impairment loss in its consolidated financial results for the first quarter of the fiscal year ending February 2027.
Impairment lossNone recorded during the fiscal year (no applicable assets)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥56 million, Reversal of asset retirement obligations ¥76 million, Gain on reversal of provision for business withdrawal losses ¥658 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥96 million, Loss on theater closures ¥19 million, Impairment loss on investment securities ¥377 million
Depreciation and amortization¥4,867 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End13,937,857 shares
Treasury Shares at Period-End194,172 shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 March 2025–28 February 2026
Net Sales¥98,249 million (YoY +17.0%)
Operating profit¥6,173 million (YoY +270.9%)
Ordinary income¥6,345 million
Profit attributable to owners of the parent¥5,236 million
Net income per share¥381.02
Operating Margin6.3% (2.0% in the previous fiscal year)
Equity ratioEnd of the current fiscal period 47.2% / End of previous period 44.5%
Total assets¥229,381 million
Net assets¥108,314 million
Cash flows from operating activities¥13,358 million
Cash flows from investing activities¥-4,139 million
Cash flows from financing activities¥-5,436 million
Cash and cash equivalents at end of period¥18,694 million
Full-year earnings forecastNet Sales ¥100,000 million (YoY +1.8%) / Operating profit ¥3,700 million (YoY -40.1%) / Ordinary income ¥3,500 million (YoY -44.8%) / Net income ¥2,200 million (YoY -58.0%)
Annual Dividend Forecast¥40 → ¥30（-25.0%）
Payout ratio18.7% (forecast for the fiscal year ending February 2027; 10.5% actual for the fiscal year ended February 2026)
Segment revenueVideo-related business ¥52,949 million (YoY +21.1%), Theatrical Business ¥27,275 million (YoY +14.6%), Real Estate Business ¥14,618 million (YoY +4.8%)
Segment profitVideo-related business ¥2,519 million (YoY +479.1%), Theatrical Business ¥1,723 million, Real Estate Business ¥5,152 million (YoY -11.3%)
Regional salesRevenue from external customers in Japan accounted for more than 90% of the consolidated income statement revenue (revenue amount not disclosed)
Depreciation and amortization¥4,867 million
Impairment lossNone recorded during the fiscal year (no applicable assets)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥56 million, Reversal of asset retirement obligations ¥76 million, Gain on reversal of provision for business withdrawal losses ¥658 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥96 million, Loss on theater closures ¥19 million, Impairment loss on investment securities ¥377 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidation0 additions and 0 exclusions (no company names)
Material subsequent eventsAt a meeting of the Board of Directors held on 14 April 2026, the company resolved to commence demolition work on the Osaka Shochikuza Building. The company expects to record a ¥2,400 million extraordinary loss as an impairment loss in its consolidated financial results for the first quarter of the fiscal year ending February 2027.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End13,937,857 shares
Treasury Shares at Period-End194,172 shares
Factors Behind Changes in Business PerformanceFurther efficiency improvements and proactive sales activities, hit titles and broad attendance in the video-related business, strong performances in the theater business, appropriate rent revisions in the real estate business, and earnings contributions from products, games and other offerings in the other businesses.
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyOrders received and order backlog

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the fiscal year under review, earnings benefited from further efficiency improvements and proactive sales activities, hit titles in the video-related business, strong performances in the theater business, appropriate rent revisions in the real estate business, and products, games and other offerings in the other businesses. The company said it will operate its businesses while closely monitoring the business environment, including trade policies, geopolitical risks, high prices and rising interest rates.

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Earnings Report for the Fiscal Year Ended February 2026 [Japanese GAAP] (Consolidated) | Shochiku Co.,Ltd. (9601) timely disclosure | Komori