Dependence on Shochiku for Theater Operations and Risk of Performance Cancellations
First written in FY2017. 4 of 15 entries say "Worsened", first in FY2018. Latest entry: 2026-05-28.
Kabuki-Za moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2025: 12 of 25 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- 2026-05-28RestatedGovernance
「The company makes its own decisions regarding business activities and management decisions and conducts its business under its own responsibility, ensuring its independence.」
While disclosing its capital and business relationships with Shochiku Co.,Ltd., the company explicitly states that it remains independent in its business activities and management decisions. - FY2026MitigatedAnnual report
「Shochiku Co.,Ltd. ¥1,629.026 million 52.4% ¥1,747.833 million 48.1%」
While sales to Shochiku Co.,Ltd. increased to ¥1,747.833 million, their share of total sales declined from 52.4% to 48.1%. Although the percentage indicating the degree of dependence remains high, it has declined. - 2026-04-13MitigatedEarnings
「Shochiku Co.,Ltd. 1,747,833 Real estate leasing business, restaurant and food-service business, retail business」
Sales to Shochiku Co.,Ltd. were ¥1,747,833 thousand, representing approximately 48.1% of total net sales of ¥3,632,657 thousand, down from 52.4% in the previous fiscal year. - FY2025MitigatedAnnual report
「Shochiku Co.,Ltd. ¥1,629.026 million 52.4%」
Sales to Shochiku Co.,Ltd. represented 52.4% of total sales, down from 53.9% in the previous fiscal year. Although the percentage indicating the degree of dependence remains high, it has declined. - FY2024MitigatedAnnual report
「Shochiku Co.,Ltd. ¥1,646.314 million 53.9%」
Sales to Shochiku Co.,Ltd. were ¥1,646.314 million, representing 53.9% of total sales, down from 60.9% in the previous fiscal year. Although the percentage indicating dependence on theatrical performances remains high, it has declined. - FY2023WorsenedAnnual report
「Shochiku Co.,Ltd. ¥1,646.560 million 60.9%」
Sales to Shochiku Co.,Ltd. were ¥1,646.560 million, representing 60.9% of total sales, and the percentage indicating the degree of dependence increased from 37.9% in the previous fiscal year. - FY2023-Q2MaterialisedAnnual report
「In the retail business, some Kabuki performances in July and August were suspended, reducing sales opportunities at theater-related facilities, and difficult conditions continued.」
The risk associated with dependence on theatrical performances staged by Shochiku Co.,Ltd. continues to materialize through the partial suspension of Kabuki performances and the reduction in sales opportunities at theater-related facilities. - FY2021WorsenedAnnual report
「Shochiku Co.,Ltd. ¥797.921 million 37.9%」
Sales to Shochiku Co.,Ltd. were ¥797.921 million, representing 37.9% of total sales, up from 25.4% in the previous fiscal year. The percentage indicating the degree of dependence on theatrical performances has increased. - FY2021-Q3Restrictions on facility use continue after performances resumeAnnual report
「The cafeteria and food-service and retail businesses continued to be affected by the suspension of performances. Even after performances resumed in August, theatergoers were required to leave the venue and re-enter through a different entrance when using the in-house food-service and retail facilities, and some in-house stores remained unable to reopen.」
The risk associated with dependence on theatrical performances continues to materialize through the suspension of performances, the requirement to leave and re-enter after performances resumed, and the continued closure of some stores. - FY2021-Q2MaterialisedAnnual report
「The cafeteria and food-service and retail businesses were affected by the suspension of performances from March through July. Even after performances resumed in August, theatergoers were required to leave the venue and re-enter through a different entrance when using the in-house food-service and retail facilities, to ease crowding. Some in-house stores therefore remained unable to reopen. As a result, both businesses experienced substantial declines in revenue and profit.」
The risk associated with dependence on theatrical performances has materialized as declines in revenue and profit resulting from the suspension of performances from March through July, restrictions on facility use after performances resumed, and the continued closure of some stores. - FY2021-Q1MaterialisedAnnual report
「Under these circumstances, performances at the Kabukiza Theatre were suspended from March, and the Group reduced rents at the theater and related facilities and temporarily closed the cafeterias, food-service outlets and retail stores operated by consolidated subsidiaries. As a result, revenue and profit declined substantially compared with the same quarter of the previous year.」
The suspension of theatrical performances staged by Shochiku Co.,Ltd. actually occurred and affected the performance of the real estate leasing, cafeteria and food-service, and retail businesses through rent reductions and store closures. - FY2020MaterialisedAnnual report
「The spread of the novel coronavirus has affected the Group's real estate leasing, cafeteria and food-service, and retail operations, including the postponement of the planned 3-month name-taking performances at the Kabukiza Theatre.」
The company describes the actual occurrence of the risk that the cancellation or postponement of theatrical performances staged by Shochiku Co.,Ltd. affects operating performance, citing the postponement of the name-taking performances and its impact on each business. The percentage of sales to Shochiku Co.,Ltd. also increased from 24.5% in the previous period to 25.4%. - FY2019WorsenedAnnual report
「Shochiku Co.,Ltd. ¥944.998 million 24.5%」
Sales to Shochiku Co.,Ltd. were ¥944.998 million, representing 24.5% of total sales, and the percentage indicating the degree of dependence increased from 23.7% in the previous fiscal year. - FY2018WorsenedAnnual report
「Shochiku Co.,Ltd. ¥945.933 million 23.7%」
Sales to Shochiku Co.,Ltd. were ¥945.933 million, representing 23.7% of total sales, and the percentage indicating the degree of dependence increased from 22.9% in the previous period. - FY2017First statedAnnual report
「The Group leases its theaters to Shochiku Co.,Ltd., which stages theatrical performances. If performances were canceled due to an unforeseen accident or other event, this could have a material impact on the financial condition and operating results of the Group.」
The company describes its dependence on the arrangement under which it leases theaters to Shochiku Co.,Ltd., which stages the performances. Shochiku Co.,Ltd.'s sales for the current fiscal year were ¥940.354 million, representing 22.9% of total sales.