Komori
Tokyo Theatres Company (9633) · RiskMaterialised

Fluctuations in Films' Box-Office Performance and Distribution Revenue

First written in FY2016. 14 of 23 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2027-H1.

23entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2017MaterialisedFY2019-Q1 – FY2021MaterialisedFY2023-Q1 – FY20242016: 120162017: 120172018: 320182019: 020192020: 020202021: 220212022: 420222023: 420232024: 220242025: 220252026: 42026
Same theme, other companies
Risks to Film Business Earnings from the Audience-Drawing Power of Screened Films and CompetitionA theme 3 companies write about · 3 as a headwind · 0 as a tailwind

Tokyo Theatres Company moved to the "Worse" side of this theme in 2018.

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

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. FY2027-H1MaterialisedAnnual report

    「During the interim period, the Company distributed 5 films, including “Soreike! Anpanman: Pantan and the Star of Promise” and “The Eve of War,” which were particularly successful. However, revenue declined year on year because the other films performed poorly and production revenue from films and subtitling and dubbing decreased.」

    While 2 films were hits, the other films performed poorly, and the decline in production revenue resulted in lower year-on-year revenue from the film-related business. The risk of performance varying by title has materialized in the results.
  2. 2026-08-12MaterialisedResults

    「当四半期は『未来』映画『それいけ!アンパンマン パンタンと約束の星』『モブ子の恋』の3作品を配給いたしましたが、配給収入が前年同期を下回り、売上高は前年同期比で減収となりました。」

    3作品を配給した一方、配給収入が前年同期を下回り、作品ごとの興行・配給収入変動が当四半期の映像関連事業の減収として現れた。
  3. FY2026MitigatedAnnual report

    「To minimize the impact of these risks, in the film exhibition business we seek to reduce the risk of variability in box-office performance through flexible programming and special screenings. In the film production and distribution business, we seek to improve returns on film investments by developing high-quality projects in-house, while working to prevent production delays and reduce risks through thorough management of each film from the production stage.」

    Specific measures were established to address the risks of variability in box-office performance by film, rights revenue, production delays and postponed releases, including flexible programming, special screenings, in-house projects and production-stage management.
  4. 2026-05-13MaterialisedResults

    「出資作品の償却費が増加したこと等から、営業損失は555百万円(前年度は営業損失420百万円)となりました。」

    配給作品を含む映像関連事業で売上高は増加した一方、出資作品の償却費増加等により営業損失が拡大した。
  5. FY2026-H1MaterialisedAnnual report

    「During the first half, we distributed 8 films. 『それいけ!アンパンマン チャポンのヒーロー!』 and 『片思い世界』 were hits, but other films performed poorly. In addition, production revenue from films and subtitling and dubbing declined, resulting in a year-on-year revenue decline.」

    While some films were hits, other films performed poorly, and the visual-content business recorded a year-on-year revenue decline compounded by lower production revenue. The risk of variability in performance by film is materializing in actual results.
  6. FY2025ReframedAnnual report

    「The box-office performance of films is difficult to forecast, and some films may fail to attract a certain level of audience. In the film production and distribution business, rights revenue from some invested films may fall below expectations. Production delays, postponement of release dates or cancellation of releases may also affect the Group's operating results and financial position.」

    In addition to the conventional risk of variability in box-office performance by film, the risks were reorganized as broader uncertainty across the visual-content business, including rights revenue, production delays and postponed or cancelled releases.
  7. FY2024MaterialisedAnnual report

    「During the year, we distributed 14 films, including 『それいけ!アンパンマン ロボリィとぽかぽかプレゼント』, 『ゴールド・ボーイ』, 『愛にイナズマ』 and 『せかいのおきく』, but overall performance was weak and none became a hit.」

    The differences in performance among films and the shortage of hit titles materialized as a full-year decline in distribution revenue.
  8. FY2024-Q3MaterialisedAnnual report

    「During the cumulative period of the current quarter, Itte! Anpanman and other films achieved high attendance. However, the films generally lacked hit titles, resulting in a year-on-year revenue decline.」

    While some films achieved high attendance, the distributed films overall lacked hit titles, and the risk of variability in box-office performance by film materialized as a year-on-year revenue decline.
  9. FY2024-Q2MaterialisedAnnual report

    「During the cumulative period of the current quarter, Itte! Anpanman and Lost Care, released in the previous fiscal year, among others, achieved high attendance. However, the films generally lacked hit titles, and distribution revenue was below the same period of the previous year.」

    While some films achieved high attendance, the films overall lacked hit titles, and the risk of variability in box-office performance by film materialized as distribution revenue below the same period of the previous year.
  10. FY2024-Q1MaterialisedAnnual report

    「Although distribution revenue was below the same period of the previous year, total revenue increased year on year because production revenue and allocation income from invested films exceeded the previous year's levels.」

    Differences in performance by film and revenue source continued. Although distribution revenue was below the same period of the previous year, overall business revenue increased due to higher production revenue and allocation income from invested films.
  11. FY2023MaterialisedAnnual report

    「Among the films distributed during the year, Egoist, Lost Care and other films performed well, but there were no major hit films.」

    The differences in performance by film and the difficulty of forecasting have materialized in distribution results, with no major hit films.
  12. FY2023-Q3MaterialisedAnnual report

    「Although distributed films including 『それいけ!アンパンマン ドロリンとバケ~るカーニバル』, 『さかなのこ』 and 『窓辺にて』 performed well, overall performance was weak. In addition, the drop-back in distribution revenue and profit distributions from investments related to 『花束みたいな恋をした』, which was released in January 2021 and became a major long-running hit, resulted in a substantial year-on-year revenue decline.」

    The differences in performance between films and the reaction to the blockbuster films released in the previous fiscal year have materialized as a substantial decline in distribution revenue that could not be offset by the strong performance of some films.
  13. FY2023-Q2MaterialisedAnnual report

    「Although 『それいけ!アンパンマン ドロリンとバケ~るカーニバル』, 『さかなのこ』 and 『ツユクサ』, among others, performed well, revenue declined substantially year on year due to the decrease in distribution revenue and distribution income from 『花束みたいな恋をした』, which was released in January 2021 and became a blockbuster with a long theatrical run.」

    While some films performed well, distribution revenue and allocations from invested films declined sharply due to the reaction to the blockbuster films released in the previous fiscal year, and the risk of variability in performance by film materialized as an actual revenue decline.
  14. FY2023-Q1MaterialisedAnnual report

    「Although 『それいけ!アンパンマン ドロリンとバケ~るカーニバル』 and 『ツユクサ』, among others, performed well, revenue declined substantially year on year due to the decrease in distribution revenue and distribution income from 『花束みたいな恋をした』, which was released in January 2021 and became a blockbuster with a long theatrical run.」

    While some films performed well, distribution revenue declined sharply due to the reaction to the blockbuster films released in the previous fiscal year, demonstrating in actual results the variability in revenue caused by differences in performance by film.
  15. FY2022RestatedAnnual report

    「Revenue increased year on year because operating restrictions to prevent the spread of COVID-19 were less stringent than in the previous fiscal year and films including Just Remembering, Drive My Car and Missing achieved high attendance. However, revenue did not recover to pre-COVID levels and the business recorded a substantial loss.」

    While high-attendance films increased revenue, differences in performance by film and the impact of infection-related operating restrictions remained, and revenue has not recovered to pre-COVID levels.
  16. FY2022-Q3RestatedAnnual report

    「Revenue increased year on year because operating restrictions to prevent the spread of COVID-19 were less stringent than in the same period of the previous year and films including Detective Conan: The Scarlet Bullet achieved high attendance. However, revenue did not recover to pre-COVID levels and the business recorded a substantial loss.」

    While high-attendance films increased revenue, the impact of operating restrictions remained and revenue has not recovered to pre-COVID levels.
  17. FY2021WorsenedAnnual report

    「Although some films, including We Made a Beautiful Bouquet, Demon Slayer: Kimetsu no Yaiba the Movie: Mugen Train and Debut in the Third Year, achieved high attendance, revenue declined sharply year on year because all cinemas were closed from April through early June of the previous year and, after operations resumed, the Group operated under restrictions on the number of seats sold, shortened operating hours and limits on the sale of food and beverages at concession stands, among other measures.」

    While there were some hit films, the film exhibition business recorded a substantial revenue decline due to the closure of all cinemas, restrictions on seat sales and shortened operating hours, among other factors.
  18. FY2021-Q3WorsenedAnnual report

    「Although some films, including Debut in the Third Year, released in August, and Demon Slayer: Kimetsu no Yaiba the Movie: Mugen Train, released in October, achieved high attendance, revenue declined sharply year on year because performance was generally weak, all cinemas were closed from April through early June in response to requests from local authorities, and seating was sold on a reduced-capacity basis as an infection-control measure after operations resumed.」

    While some films achieved high attendance, overall performance was weak, and the full closure of cinemas and reduced-capacity seating sales contributed to continued substantial revenue declines in the film exhibition business.
  19. FY2019-Q2MaterialisedAnnual report

    「Although One Cut of the Dead, Asako I & II, Mori, the Place in the Woods and other films performed well, revenue declined year on year due to the limited number of hit films.」

    While some films performed well, the film exhibition business recorded a year-on-year revenue decline due to the shortage of hit films, demonstrating the risk of variability in box-office performance by film.
  20. FY2019-Q1MaterialisedAnnual report

    「Although Mori, the Place in the Woods, Detective Conan: Zero the Enforcer, The Third Murder and other films performed well, revenue declined year on year due to the limited number of hit films.」

    The risk specific to the film exhibition business, namely large differences in performance by film and the difficulty of forecasting, materialized as a year-on-year revenue decline caused by the shortage of hit films.
  21. FY2018ReframedAnnual report

    「In the film exhibition business, box-office performance varies significantly by film, is unstable and difficult to forecast. If films that fail to achieve a certain level of performance continue to be released, the Group's operating results and financial position may be affected. In addition, if changes in the market or other factors make it difficult for a cinema to remain in operation, that cinema may be closed, which may affect the Group's operating results and financial position.」

    In addition to the risk of variability in the box-office performance of individual films, the risk that changes in the market could make cinemas unviable and lead to closures was explicitly disclosed.
  22. FY2017RestatedAnnual report

    「In the film exhibition business, box-office performance varies significantly by film, is unstable and difficult to forecast. If films that fail to achieve a certain level of performance continue to be released, the Group's operating results and financial position may be affected.」

    In addition to variability and forecasting difficulty in the box-office performance of individual films, the possibility of cinema closures continues to be disclosed as a risk.
  23. FY2016First statedAnnual report

    「In the film exhibition business, box-office performance varies significantly by film, is unstable and difficult to forecast. If films that fail to achieve a certain level of performance continue to be released, the Group's operating results and financial position may be affected.」

    Differences in performance by film and forecasting difficulty are identified as risks specific to the film business.
Moved together

"Real Estate Market, Financing Conditions, and Risk of Prolonged Property Holding" moved the same way as this thread, in the same document, in 10 of its 23 moves.

1087666★123456
  1. ★This thread
  2. 1Real Estate Market, Financing Conditions, and Risk of Prolonged Property Holding10×
  3. 2Community-Focused Operations as an Urban Cinema8×
  4. 3Borrowing Dependence and Rising Interest Rate Risk7×
  5. 4Expansion of orders for business generating recurring advertising revenue6×
  6. 5Uncertainty in Overseas Economies and Volatility in Financial and Capital Markets6×
  7. 6Weak Private Consumption Due to an Economic Downturn and an Increase in the Consumption Tax Rate6×

★ 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.

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No upcoming earnings preview for Tokyo Theatres Company yet. It last moved in the Results of 2026-08-12: "Materialised".
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