Shochiku Co. reported a sharp turnaround in its fiscal first-half results, posting net income of ¥4.12 billion ($27.5 million) for the six months through August, reversing a ¥681 million loss a year earlier. Revenue climbed 25% to ¥49.6 billion.
The 130-year-old entertainment group credited a string of box office winners and stronger concession sales at its cinema chain for driving a nearly fivefold jump in operating profit at its film division to ¥2.58 billion. Titles including a live broadcast of Snow Man’s stadium concert and anime features attracted audiences, while theater operations benefited from multiple hits during the summer season.
The company’s theatrical business also returned to profitability, generating ¥489 million in operating income after losing ¥923 million in the prior period. Kabuki performances at the company’s flagship venues drew larger crowds, with succession ceremonies and new productions filling seats at Tokyo’s Kabukiza and other historic theaters.
Real estate, historically Shochiku’s most stable segment, saw operating profit slip 6% to ¥2.85 billion despite maintaining high occupancy at properties including Kabukiza Tower. Revenue increased on higher rents at select buildings.
The Tokyo-based company lifted its fiscal 2026 forecast, now targeting ¥97 billion in sales and ¥4.3 billion in operating profit—38.7% above its initial projection. The annual dividend remains unchanged at ¥30 per share.
