Komori
Toei Company (9605) · RiskHit titles offset by higher costs, resulting in lower revenue and profit

Instability of Theatrical Film Box-Office Performance

First written in FY2017. 13 of 30 entries say "Restated". Latest entry: 2026-11-13.

30entries
10years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2020-Q3WorsenedFY2020 – FY2021-Q3MaterialisedFY2024-Q32017: 320172018: 420182019: 320192020: 420202021: 220212022: 320222023: 420232024: 120242025: 120252026: 52026
Same theme, other companies
Risks to Film Business Earnings from the Audience-Drawing Power of Screened Films and CompetitionA theme 4 companies write about · 4 as a headwind · 1 as a tailwind

Toei Company moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).

1 other company's latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-11-13OtherResults

    「大ヒットが業績を牽引し好調に推移しましたが、人件費増、資産増加に伴う減価償却費増等による販売費及び一般管理費の増加により、前年同期に比して減収減益となりました。」

    大ヒット作品が業績を牽引した一方、人件費・減価償却費等の増加により興行関連事業は減収減益となった。
  2. FY2027-H1Hit titles offset by higher costs, resulting in lower revenue and profitAnnual report

    「In the film exhibition business, consolidated subsidiary TOEI JOY ENTERTAINMENT CO., LTD. operates multiplex cinemas comprising 23 sites and 230 screens, including jointly managed and jointly operated facilities. The business performed well, driven by major hits such as "Detective Conan: One-eyed Flashback," "Michael," "Chiikawa the Movie: The Secret of Mermaid Island," "Toy Story 5" and "Spider-Man: Brand New Day." However, revenue and profit declined from the same period of the previous year due to higher selling, general and administrative expenses, including increased personnel costs and depreciation resulting from growth in assets.」

    Although several major hits drove results, the exhibition-related business posted lower revenue and profit due to higher selling, general and administrative expenses, including personnel costs and depreciation.
  3. FY2026Hit titles offset by lower revenue and profit in the video-related businessAnnual report

    「In the film business, the company distributed 41 co-produced and other films. Among them, "Wakuwaku! Kibou no Chikara: Otona Precure '23" was a hit, and several other titles performed well. As a result, segment revenue was ¥127.941 billion, down 4.5% year on year, and operating profit was ¥32.448 billion, down 3.6% year on year.」

    Although there were hit and well-performing titles, the video-related business as a whole posted lower revenue and profit year on year, reflecting fluctuations in performance by title.
  4. FY2026-H1Hit titles offset by a decline following the previous year's strong performance, resulting in lower revenue and profitAnnual report

    「In the film business, the company distributed 20 co-produced and other films. Among them, "Wakuwaku! Kibou no Chikara: Otona Precure '23" was a hit, while "Hanamanma," "BAD BOYS -THE MOVIE-," "Deceived: The Man Called a Murderous Teacher," "Kamen Rider Gavv: The Invader of the Candy House" and "Number One Sentai Gozyuger: Resurrection of TegaSword," and "Treasure Island" performed well. Among films released in the previous consolidated fiscal year, "The Love Letter at 35" continued to perform well, but revenue declined from the same period of the previous year, when "Return of the Abnormal Squad" was a hit.」

    Although several hit and well-performing titles were released, the film business's results fluctuated due to a decline following hit titles in the same period of the previous year.
  5. FY2024-Q3MaterialisedAnnual report

    「Meanwhile, the recognition of an inventory valuation loss on "Saint Seiya: The Beginning," released during the first quarter of the current consolidated accounting period, among other factors, contributed to lower profit.」

    In connection with the difficulty of forecasting theatrical film box-office performance, the effect of inventory valuation losses on released titles in reducing profit was also disclosed during the third-quarter cumulative period.
  6. FY2024-Q2RestatedAnnual report

    「Meanwhile, the recognition of an inventory valuation loss on "Saint Seiya: The Beginning," released during the first quarter of the current consolidated accounting period, among other factors, contributed to lower profit.」

    In connection with the difficulty of forecasting theatrical film box-office performance, the company also disclosed during the second-quarter cumulative period that an inventory valuation loss on the title had reduced profit.
  7. FY2024-Q1MaterialisedAnnual report

    「Meanwhile, the recognition of an inventory valuation loss on "Saint Seiya: The Beginning," released during the first quarter of the current consolidated cumulative period, among other factors, contributed to lower profit.」

    In connection with the difficulty of forecasting theatrical film box-office performance, an inventory valuation loss on a released title became an actual factor reducing profit.
  8. FY2023RestatedAnnual report

    「Although predicting the box-office performance of individual titles is difficult, the company prepares forecasts as rigorous as possible and thoroughly selects projects based on drawing power and quality.」

    The company continued to disclose the difficulty of forecasting theatrical film box-office performance and reiterated its response of selecting projects and forecasting box-office revenue.
  9. FY2023-Q3MitigatedAnnual report

    「In the film exhibition business, box-office revenue remained firm against a backdrop of screenings of hit titles such as "ONE PIECE FILM RED." As a result, segment revenue was ¥14.053 billion, up 32.4% year on year, and operating profit was ¥915 million, compared with an operating loss of ¥126 million in the same quarter of the previous year.」

    Against a backdrop of screenings of hit titles, box-office revenue remained firm, and the exhibition-related business swung from an operating loss in the same period of the previous year to an operating profit.
  10. FY2023-Q2MitigatedAnnual report

    「In the film exhibition business, box-office revenue remained firm against a backdrop of screenings of hit titles such as "ONE PIECE FILM RED." As of the end of the second quarter of the current consolidated fiscal year, the company operated 214 screens, including 4 directly operated screens of TOEI COMPANY,LTD. As a result, segment revenue was ¥9.679 billion, up 47.7% year on year, and operating profit was ¥801 million, compared with an operating loss of ¥228 million in the same quarter of the previous year.」

    Against a backdrop of screenings of hit titles, box-office revenue remained firm, revenue increased, and the business swung from an operating loss to an operating profit.
  11. FY2023-Q1MitigatedAnnual report

    「In the film exhibition business, box-office revenue remained firm against a backdrop of eased restrictions on economic activity. As of the end of the first quarter of the current consolidated fiscal year, the company operated 214 screens, including 4 directly operated screens of TOEI COMPANY,LTD. As a result, segment revenue was ¥4.557 billion, up 76.1% year on year, and operating profit was ¥273 million, compared with an operating loss of ¥270 million in the same quarter of the previous year.」

    Against a backdrop of eased restrictions on economic activity, box-office revenue remained firm, and the exhibition-related business posted higher revenue and swung from an operating loss to an operating profit. The company did not state that uncertainty caused by the infection had been eliminated.
  12. FY2022-Q3Box-office revenue remained sluggish, but the loss continued to narrowAnnual report

    「In the film exhibition business, box-office revenue remained sluggish due to the spread of COVID-19. As of the end of the third quarter of the current consolidated fiscal year, the company operated 214 screens, including 4 directly operated screens of TOEI COMPANY,LTD. As a result, segment revenue was ¥10.618 billion, up 27.5% year on year, and operating loss was ¥126 million, compared with an operating loss of ¥989 million in the same quarter of the previous year.」

    Although box-office revenue remained sluggish, revenue increased 27.5% year on year and the operating loss narrowed from the same period of the previous year.
  13. FY2022-Q2Box-office revenue remained sluggish, but the loss narrowedAnnual report

    「In the film exhibition business, box-office revenue remained sluggish due to the spread of COVID-19. As of the end of the second quarter of the current consolidated fiscal year, the company operated 214 screens, including 4 directly operated screens of TOEI COMPANY,LTD. As a result, segment revenue was ¥6.553 billion, up 95.2% year on year, and operating loss was ¥228 million, compared with an operating loss of ¥1.367 billion in the same quarter of the previous year.」

    Although box-office revenue remained sluggish due to the infection, revenue increased 95.2% year on year and the operating loss narrowed from the same period of the previous year.
  14. FY2021-Q3WorsenedAnnual report

    「In the film exhibition business, following requests from local governments to suspend operations and the state of emergency declared by the government, the company suspended operations nationwide from April through May at TOEI COMPANY,LTD.'s directly operated theaters and cinemas operated by T-JOY CO., LTD. After operations resumed, films distributed by other companies performed well despite seat capacity restrictions implemented as part of COVID-19 measures. However, losses resulting from the spread of COVID-19 were substantial, and with no sign of the pandemic subsiding, the company expects that recovery in operating results will take a considerable amount of time.」

    Although films distributed by other companies performed well after operations resumed, losses resulting from the spread of the infection were substantial, there was no sign of the infection subsiding, and the company expected that recovery in operating results would take a considerable amount of time.
  15. FY2021-Q2WorsenedAnnual report

    「In the film exhibition business, following requests from local governments to suspend operations and the state of emergency declared by the government, the company suspended operations nationwide from April through May at TOEI COMPANY,LTD.'s directly operated theaters and cinemas operated by T-JOY CO., LTD. Even after operations resumed in June, box-office revenue remained sluggish due to seat capacity restrictions implemented as part of COVID-19 measures and postponements of releases by distributors.」

    Even after operations resumed, seat capacity restrictions and postponements of distributed films continued, and box-office revenue remained sluggish. The instability of theatrical film box-office performance became clearly evident as a result of the infection.
  16. FY2021-Q1MaterialisedAnnual report

    「In the film business, the company released the co-produced film "The Case of the Shinigami Tsukai: Kugutsu Yakyoku," but the other theatrical films scheduled for distribution during the first quarter of the current consolidated fiscal year, including "Looking for Magical Doremi" and "Evangelion: 3.0+1.0 Thrice Upon a Time," were postponed due to the spread of COVID-19. The company was therefore forced to continue screening films released in the previous consolidated fiscal year and distribute older titles.」

    The release of scheduled titles was postponed due to the spread of the infection, and the company responded by extending screenings and distributing older titles. Uncertainty surrounding the theatrical release and box-office performance of films became evident in actual business operations.
  17. FY2020WorsenedAnnual report

    「Although predicting the box-office performance of individual titles is difficult, the company prepares forecasts as rigorous as possible and thoroughly selects projects based on drawing power and quality. If titles failing to achieve a certain level of performance were to continue for an extended period, this could have a material effect on the Group's operating results and financial condition.」

    For the instability of individual titles' box-office performance, the potential effect on operating results and other matters was changed from "effect" to "material effect." The company also reiterated its rigorous forecasting and thorough project selection.
  18. FY2020-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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company stated that there had been no material changes in existing business and other risks, including the instability of theatrical film box-office performance.
  19. 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 stated that there had been no material changes in existing business and other risks, including the instability of theatrical film box-office performance.
  20. FY2019RestatedAnnual report

    「Box-office performance for theatrical films in the video-related business varies significantly by title and is unstable, and predicting the box-office performance of individual titles is difficult. If titles failing to achieve a certain level of performance were to continue for an extended period, this could affect the Group's operating results and financial condition.」

    The company continued to disclose the variability and difficulty of forecasting theatrical film box-office performance as risks that could affect operating results and financial condition.
  21. FY2019-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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company stated that there had been no material changes in existing business and other risks, including the instability of theatrical film box-office performance.
  22. FY2019-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 stated that there had been no material changes in existing risks, including the instability of theatrical film box-office performance.
  23. FY2019-Q1RestatedAnnual report

    「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」

    The company stated that there had been no material changes in the business and other risks disclosed in the previous fiscal year, including the instability of theatrical film box-office performance.
  24. FY2018RestatedAnnual report

    「Box-office performance for theatrical films in the video-related business varies significantly by title and is unstable, and predicting the box-office performance of individual titles is difficult. If titles failing to achieve a certain level of performance were to continue for an extended period, this could affect the Group's operating results and financial condition.」

    The company continued to disclose the variability and difficulty of forecasting theatrical film box-office performance as risks that could affect operating results and financial condition.
  25. FY2018-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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company stated that there had been no material changes in the business and other risks disclosed in the previous fiscal year, including the instability of theatrical film box-office performance.
  26. FY2018-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 stated that there had been no material changes in the business and other risks disclosed in the previous fiscal year, including the instability of theatrical film box-office performance.
  27. FY2018-Q1RestatedAnnual report

    「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」

    The company stated that there had been no material changes in the business and other risks disclosed in the previous fiscal year, including the instability of theatrical film box-office performance.
  28. FY2017First statedAnnual report

    「Box-office performance for theatrical films in the video-related business varies significantly by title and is unstable, and predicting the box-office performance of individual titles is difficult. If titles failing to achieve a certain level of performance were to continue for an extended period, this could affect the Group's operating results and financial condition.」

    For the first time, the company explicitly identified variations in individual titles' box-office performance and the difficulty of forecasting it as risks that could affect operating results and financial condition.
Moved together

"Revenue growth through collaboration among the four visual media divisions and expansion of exhibition and events" moved the same way as this thread, in the same document, in 4 of its 30 moves.

444444★123456
  1. ★This thread
  2. 1Revenue growth through collaboration among the four visual media divisions and expansion of exhibition and events4×
  3. 2Diverse video production and diversified sales4×
  4. 3Active development of the events and character-related businesses4×
  5. 4Risks from yen appreciation, falling share prices and a downturn in overseas economies4×
  6. 5Securing hotel revenue amid inbound demand4×
  7. 6Impact of COVID-19 on Business Activities and Performance4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Toei Company yet. It last moved in the Results of 2026-11-13: "Other".
News
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