Worth reading
69In 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
70
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter (interim period) of the fiscal year ending February 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥185,162 million-3.4%
Operating profit¥30,938 million-24.8%
Ordinary income¥33,127 million-21.5%
Net income¥20,019 million-40.2%
Selling, general and administrative expenses¥52,144 million
Results for the three months of the current quarterOperating revenue and operating profit for the standalone second quarter of the fiscal year ending February 2027 are provided by segment. Consolidated results for the standalone second quarter are Not disclosed.
Full-year earnings forecast
Operating revenue
¥345,000 million
Operating profit
¥62,000 million
Ordinary income
¥67,000 million
Profit attributable to owners of the parent
¥48,000 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Cumulative results for the first 2 quarters are broadly on plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating revenue
Film distribution−¥10.1 billion
Film Exhibition+¥1.3 billion
Video-related business-¥3.6 billion
Real Estate Leasing-¥100 million
Road business+¥500 million
Real estate maintenance and management+¥0.3 billion
Overall−¥6.5 billion
Operating profit
Film distribution-¥2.8 billion
Film Exhibition-¥300 million
Video-related business-¥500 million
Real Estate Leasing-¥200 million
Road business-¥300 million
Real estate maintenance and management-¥0.0 billion
Overall−¥10.2 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Domestic nationwide box office revenue of ¥250–260 billion
- Box office revenue from films distributed by TOHO of ¥95–105 billion, excluding overseas box office revenue from Godzilla-0.0
- 48 films distributed by TOHO
New initiatives
- The film Godzilla-0.0 will be released in approximately 80 countries worldwide, with overseas distribution handled by TOHO Global.
- A TV anime adaptation of Phantom Busters in 2027
- Transforming TOHO-ONE into a fan engagement platform
- Beginning the sale of 7 real estate properties with limited strategic value, along with additional sales
- Expanding the overseas IP network and the company's own value chain
Key KPIsA metric the company considers important as a management benchmark.
- Domestic nationwide box-office revenue2,500～2,600
- Box office revenue from Toho-distributed films950～1,050
- Number of Toho-distributed films48 Works
- TOHO-ONE membership300 10,000 people
- Number of overseas release countries (Godzilla-0.0)80 countries
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The number of cinema admissions, partial revisions to ticket prices, the number of films distributed by TOHO, and TOHO-ONE membership are provided. A breakdown showing the relationship between unit price and volume is Not disclosed.Segment results
Film Business
Operating revenue
¥91,177 million-12.1%
Operating profit
¥19,400 million-16.4%
IP and Animation business
Operating revenue
¥43,132 million+15.6%
Operating profit
¥5,970 million-44.2%
Theatrical Business
Operating revenue
¥9,589 million-10.4%
Operating profit
¥845 million-15.2%
Real Estate Business
Operating revenue
¥40,008 million+1.8%
Operating profit
¥9,895 million-5.4%
Other Businesses
Operating revenue
¥1,254 million+95.6%
Operating profit
¥-207 million
Medium-term management plan targets
Medium-Term Management Plan 2028Annual dividend of at least ¥17 per share and a consolidated dividend payout ratio of at least 35%
2032 (100th anniversary since founding)Operating profit of ¥75–100 billion
Market Size / Share
Domestic nationwide box-office revenueOutlook of ¥250–260 billion
Box office revenue from Toho-distributed filmsOutlook of ¥95–105 billion
Number of stores and locations
Godzilla Store has 7 stores in Japan and 1 overseas. TOHO Cinemas opened locations in Oimachi and Nagoya Sakae. A comprehensive disclosure of the number of store openings and closures during the period is Not disclosed.Annual Dividend
The dividend forecast for the fiscal year ending February 2027 will be considered going forward. The amount and breakdown between the interim and year-end dividends are Not disclosed.Payout ratio
The target under Medium-Term Management Plan 2028 is a consolidated dividend payout ratio of at least 35%. The forecast for the fiscal year ending February 2027 is Not disclosed.Acquisition of treasury shares
Medium-Term Management Plan 2028 calls for flexible share buybacks. The buyback limit, number of shares and period are Not disclosed.| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending February 2027 |
| Net Sales | ¥185,162 million (YoY -3.4%) |
| Operating profit | ¥30,938 million (YoY -24.8%) |
| Ordinary income | ¥33,127 million (YoY -21.5%) |
| Net income | ¥20,019 million (YoY -40.2%) |
| Selling, general and administrative expenses | ¥52,144 million |
| Results for the three months of the current quarter | Operating revenue and operating profit for the standalone second quarter of the fiscal year ending February 2027 are provided by segment. Consolidated results for the standalone second quarter are Not disclosed. |
| Full-year earnings forecast | Operating revenue ¥345,000 million / Operating profit ¥62,000 million / Ordinary income ¥67,000 million / Profit attributable to owners of the parent ¥48,000 million |
| Self-assessment against the plan | Cumulative results for the first 2 quarters are broadly on plan. |
| Segment results | Film Business Operating revenue ¥91,177 million (YoY -12.1%) / Operating profit ¥19,400 million (YoY -16.4%) / IP and Animation business Operating revenue ¥43,132 million (YoY +15.6%) / Operating profit ¥5,970 million (YoY -44.2%) / Theatrical Business Operating revenue ¥9,589 million (YoY -10.4%) / Operating profit ¥845 million (YoY -15.2%) / Real Estate Business Operating revenue ¥40,008 million (YoY +1.8%) / Operating profit ¥9,895 million (YoY -5.4%) / Other Businesses Operating revenue ¥1,254 million (YoY +95.6%) / Operating profit ¥-207 million |
| Breakdown of Factors Affecting the Change | Operating revenue Film distribution −¥10.1 billion / Film Exhibition +¥1.3 billion / Video-related business -¥3.6 billion / Real Estate Leasing -¥100 million / Road business +¥500 million / Real estate maintenance and management +¥0.3 billion / Overall −¥6.5 billion / Operating profit Film distribution -¥2.8 billion / Film Exhibition -¥300 million / Video-related business -¥500 million / Real Estate Leasing -¥200 million / Road business -¥300 million / Real estate maintenance and management -¥0.0 billion / Overall −¥10.2 billion |
| Key KPIs | Indicator name Domestic nationwide box-office revenue / Value 2,500～2,600 / Year on year against the same period last year Not disclosed, Indicator name Box office revenue from Toho-distributed films / Value 950～1,050 / Year on year against the same period last year Not disclosed, Indicator name Number of Toho-distributed films / Value 48 Works / Year on year against the same period last year Not disclosed, Indicator name TOHO-ONE membership / Value 300 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Number of overseas release countries (Godzilla-0.0) / Value 80 countries / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The number of cinema admissions, partial revisions to ticket prices, the number of films distributed by TOHO, and TOHO-ONE membership are provided. A breakdown showing the relationship between unit price and volume is Not disclosed. |
| Number of stores and locations | Godzilla Store has 7 stores in Japan and 1 overseas. TOHO Cinemas opened locations in Oimachi and Nagoya Sakae. A comprehensive disclosure of the number of store openings and closures during the period is Not disclosed. |
| Assumptions Underlying the Business Outlook | Domestic nationwide box office revenue of ¥250–260 billion, Box office revenue from films distributed by TOHO of ¥95–105 billion, excluding overseas box office revenue from Godzilla-0.0, 48 films distributed by TOHO |
| Medium-term management plan targets | Medium-Term Management Plan 2028 Annual dividend of at least ¥17 per share and a consolidated dividend payout ratio of at least 35% / 2032 (100th anniversary since founding) Operating profit of ¥75–100 billion |
| Annual Dividend | The dividend forecast for the fiscal year ending February 2027 will be considered going forward. The amount and breakdown between the interim and year-end dividends are Not disclosed. |
| Payout ratio | The target under Medium-Term Management Plan 2028 is a consolidated dividend payout ratio of at least 35%. The forecast for the fiscal year ending February 2027 is Not disclosed. |
| Acquisition of treasury shares | Medium-Term Management Plan 2028 calls for flexible share buybacks. The buyback limit, number of shares and period are Not disclosed. |
| Market Size / Share | Domestic nationwide box-office revenue Outlook of ¥250–260 billion / Box office revenue from Toho-distributed films Outlook of ¥95–105 billion |
| New initiatives | The film Godzilla-0.0 will be released in approximately 80 countries worldwide, with overseas distribution handled by TOHO Global., A TV anime adaptation of Phantom Busters in 2027, Transforming TOHO-ONE into a fan engagement platform, Beginning the sale of 7 real estate properties with limited strategic value, along with additional sales, Expanding the overseas IP network and the company's own value chain |
Items this document does not state (9)
Gross Profit MarginOperating profit marginProgress against full-year forecastNumber of employeesRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogKey points of the Q&A
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.Revenue declined because the year-earlier period benefited from blockbuster releases including Demon Slayer: Kimetsu no Yaiba and Kokuho. Factors contributing to the decline in profit included the impact of the company split, one-off expenses, upfront investment in overseas operations, and increases in personnel and depreciation expenses. The upward revision to the net income forecast reflects extraordinary profit from the sale of cross-shareholdings in September.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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