Shochiku Co. raised its financial forecasts for the year ending February 2025, citing unexpectedly strong performance from two hit films that significantly boosted its bottom line.
The Tokyo-based entertainment company now expects revenue of ¥84 billion ($563 million), up from previous projections of ¥82.4 billion, according to a statement released Sunday. The firm now forecasts an operating profit of ¥1.6 billion, a dramatic reversal from the ¥940 million loss it had anticipated.
Two self-distributed productions have driven the improved outlook. “Ninja Kids: Dokutake Ninja Squad’s Greatest Strategist” and the romance drama “366 Days” have generated approximately ¥3 billion ($20.1 million) and ¥2.5 billion ($16.8 million) in box office receipts respectively, far exceeding initial expectations.
The films’ extended theatrical runs have boosted not only ticket sales but also merchandise and program revenue. While the company still expects to post a net loss of ¥700 million for the fiscal year, this represents a substantial improvement from the previously forecast ¥1.87 billion loss.
Despite the positive film performance, Shochiku continues to face challenges, including an expected ¥1.6 billion extraordinary loss from its exit from the satellite broadcasting business.
