Toei Animation
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Toei Animation (4816) investor relations material

Toei Animation Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Toei Animation Co. Ltd
Q3 2026 earnings summary30 Jan, 2026

Executive summary

  • Net sales for the nine months ended December 31, 2025, were ¥67,141 million, down 6.5%–7.6% year-over-year.

  • Operating profit for the same period was ¥23,318 million, nearly flat year-over-year, with profitability improving due to a favorable sales mix and lower production costs.

  • Ordinary profit rose 2.9% year-over-year to ¥25,078 million; net profit attributable to owners of parent increased 6.0% to ¥17,919 million.

  • Net sales for the third quarter reached the second highest ever, while operating profit was the third highest; ordinary income and net profit hit record highs for the period.

  • Profitability improved despite a decline in overall sales from the previous year's strong performance in streaming and goods sales.

Financial highlights

  • Gross profit margin improved, and extraordinary gains included foreign exchange gains and profits from sale of securities.

  • Comprehensive income totaled ¥19,151 million, nearly flat year-over-year.

  • Basic earnings per share for the period was ¥87.67, compared to ¥82.68 in the prior year.

Outlook and guidance

  • Net sales and profits are progressing in line with or ahead of plan, with strong performance in highly profitable segments, especially overseas licensing.

  • Full-year net sales forecast is ¥88,000 million, a 12.7% decrease year-over-year; operating profit is projected at ¥26,000 million, down 19.8%; profit attributable to owners of parent is forecast at ¥19,100 million, a 19.1% decrease.

  • Full-year forecasts are maintained due to economic uncertainties, including geopolitical risks.

  • Dividend policy remains stable, with a payout ratio of 35.5% and annual dividend per share forecast at ¥41.00.

  • No special or commemorative dividends announced for the third quarter.

What drove 9M profit growth despite sales drop?
Reconcile full year forecast with 9M results.
Consider dividend policy given strong equity ratio.
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Frequently asked questions

Toei Animation Co., Ltd. is a Japanese animation studio, established by animators Kenzō Masaoka and Zenjirō Yamamoto in 1948, initially as Japan Animated Films. It was acquired by Toei in 1956, becoming Toei Doga Co., Ltd., and later renamed Toei Animation in 1998. The studio is renowned for producing a wide range of TV series and movies, significantly contributing to the popularity of genres such as Magical Girl and Super Robot. Toei Animation has worked on adaptations of manga series by notable artists, producing internationally acclaimed series like "Dragon Ball," "One Piece," "Sailor Moon," and "Saint Seiya." The company has also ventured into global markets, establishing sales offices in Los Angeles, Hong Kong, and Paris, and is involved in various segments of animation development, production, marketing, and program licensing. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.

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