Toho announced its consolidated financial results for the first quarter of the fiscal year ending February 2025, reporting record highs in both revenue and profit. The company achieved operating revenue of 85.976 billion yen, up 15.9% year-on-year, and an operating profit of 24.576 billion yen, a 34.1% increase. Ordinary profit rose by 24.2% to 23.351 billion yen, while net profit surged 31.4% to 16.149 billion yen.
The robust performance was largely driven by Toho’s core film sales business, which saw significant revenue and profit increases. Major contributors included box office hits such as “Haikyu!! The Movie: Battle at the Dump” and “Detective Conan: The Million Dollar Five-Pointed Star,” as well as the success of “Godzilla-1.0” in North America and Japan. The movie business reported operating revenue of 60.002 billion yen, up 17.8%, and an operating profit of 20.098 billion yen, up 52.8% year-on-year.
Toho’s video business, particularly its animation works like “Haikyu!!”, “My Hero Academia”, and “SPY×FAMILY,” also performed well through various channels including theatrical releases, streaming, and merchandising. This contributed to substantial increases in revenue and profits, boosting the overall performance.
Conversely, the theater business experienced a slight decline, with operating revenue down 2.6% to 5.246 billion yen and operating profit down 16.7% to 1.009 billion yen. Despite successful productions such as “Spirited Away” and “The King and I,” a reduced number of regional performances impacted results.
In the real estate sector, operating revenue increased by 16.3% to 20.39 billion yen, driven by the strong performance of properties like the Toho Hibiya Promenade Building. However, operating profit fell by 8.2% to 4.739 billion yen due to increased expenses from large-scale repairs.
Looking ahead, Toho forecasts a challenging fiscal year with expected declines in revenue and profit. For the year ending February 2025, the company projects operating revenue of 280 billion yen, down 1.2%, and operating profit of 55 billion yen, down 7.2%. Ordinary profit is expected to drop 9.6% to 57 billion yen, and net profit is projected to decrease by 13.9% to 39 billion yen, with EPS estimated at 227.18 yen. Despite these projections, the company’s progress rate against its plan shows strong performance in the first quarter.
