Risk of Theatrical Production Cancellations and Insufficient Audience Attendance
First written in FY2018. 7 of 12 entries say "Materialised", first in FY2020. Latest entry: FY2025.
Toho moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 8 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Theater business: Depending on the production, including new works, there is a risk of failing to attract sufficient audiences. There is also a risk that performances may be postponed or canceled due to production schedule delays, actors’ health-related issues or other problems.」
Even after cancellations due to infectious disease subsided, the risks of insufficient attendance and performances being postponed or canceled because of production delays, actors’ health issues or other problems were identified as continuing. - FY2024SoftenedAnnual report
「In the theater business, after the classification of COVID-19 was lowered to Category 5 in May 2023, normal performances became consistently possible. Many performances, particularly at the Imperial Theatre, sold out all seats, and strong audience interest in theatrical performances translated into solid business results.」
The disclosure stated that, after the shift to Category 5, normal performances became consistently possible, compared with the earlier situation in which cancellations due to infectious disease were the main issue. However, the risk of canceled performances itself remains on the risk list. - FY2023-Q3MaterialisedAnnual report
「However, as in the previous year, the spread of COVID-19 led to the cancellation of some productions, affecting business performance.」
While performances resumed and more productions were staged at multiple theaters, cancellations of some performances due to the spread of COVID-19 continued to occur. - FY2023-Q1MaterialisedAnnual report
「“Endless SHOCK -Eternal-” was performed at the Imperial Theatre and proceeded successfully, although some performances were canceled.」
Regarding the risk of canceled theatrical performances, some performances were actually canceled during the quarter. - FY2022MitigatedAnnual report
「The risk of performances having to be canceled is gradually being reduced.」
Although the risk of canceled performances continues, the disclosure indicated that it is gradually being reduced through accumulated know-how on infection control and business continuity arrangements. - FY2022-Q3MaterialisedAnnual report
「In the theater business, performances were canceled and sales of performance tickets were suspended, with refunds processed, following the issuance of the state of emergency declaration. Performances were held after the declaration was lifted while efforts were made to prevent infections.」
While performance cancellations, suspension of ticket sales and refunds continued in connection with the state of emergency declaration, performances were held after the declaration was lifted with infection-prevention measures in place. - FY2022-Q2MaterialisedAnnual report
「In the theater business, performances were canceled and sales of performance tickets were suspended, with refunds processed, following the issuance of the state of emergency declaration. Performances were nevertheless held in light of requests from local authorities.」
While additional performance cancellations, suspension of ticket sales and refunds occurred in connection with the state of emergency declaration, performances also resumed in light of requests from local authorities. - FY2022-Q1MaterialisedAnnual report
「In the theater business, TOHO CO., LTD. canceled some performances after the third state of emergency declaration was issued, but resumed performances in light of the policies and requests of local authorities.」
While additional performance cancellations related to COVID-19 occurred, performances also resumed in light of the policies and requests of local authorities. - FY2021-Q2RestatedAnnual report
「In the theater business, TOHO CO., LTD. had canceled all Tokyo performances and their nationwide tours after the state of emergency declaration was issued in April, but gradually resumed performances from July.」
After cancellations of performances due to COVID-19 continued, performances gradually resumed from July. - FY2021-Q1MaterialisedAnnual report
「At TOHO CO., LTD., in response to government policies, requests and other measures related to the spread of COVID-19, we decided to cancel performances sequentially from the end of February 2020 and processed ticket refunds. From April, after the government issued the state of emergency declaration, we decided to cancel performances scheduled to open in Tokyo by July 2020 and their nationwide tours, taking into account the inability to secure sufficient preparation time and the intercity travel involved in nationwide tours.」
Regarding the previously assumed risk of performances being canceled due to circumstances affecting cast members and others, multiple performances and nationwide tours were actually canceled because of COVID-19. - FY2020MaterialisedAnnual report
「In addition to being forced to cancel theatrical performances in response to requests to refrain from holding large-scale events,」
The spread of COVID-19 actually resulted in the suspension and cancellation of theatrical performances. - FY2018First statedAnnual report
「The Group operates a theater business, but performances may be canceled if, for reasons including health-related issues, a cast member becomes unable to appear. We also recognize new productions as a necessary challenge for broadening the range of works performed and developing new customers. However, because such productions are at a disadvantage in terms of name recognition, there is also a risk of failing to attract sufficient audiences.」
The disclosure explicitly identified the risk of performances being canceled due to circumstances affecting cast members and the risk of new productions failing to attract sufficient audiences.