Toho (9602) Q1 2025 earnings summary

Executive summary

• Q1 FY2/25 operating revenue rose 15.9% year-over-year to ¥85,976 million, with operating profit up 34.1% to ¥24,576 million and profit attributable to owners of parent up 31.4% to ¥16,149 million.

• Growth was driven by major film hits in the Production and Distribution and Production and Licensing businesses, as well as strong cinema and animation performance, while the Movie Theater Chain and Theatrical businesses saw declines due to fewer blockbuster releases and regional productions.

Financial highlights

• Operating revenue: ¥85,976 million (+15.9% YoY); Operating profit: ¥24,576 million (+34.1% YoY); Ordinary profit: ¥23,351 million (+24.2% YoY); Profit attributable to owners of parent: ¥16,149 million (+31.4% YoY).

• Gross profit increased from ¥34,736 million to ¥43,370 million year-on-year.

• Basic earnings per share rose to ¥94.07 from ¥70.41 year-on-year.

• Cinema business operating revenue rose 17.8% YoY to ¥60,002 million, with operating profit up 52.8% to ¥20,098 million.

• Real Estate business revenue increased 16.3% YoY to ¥20,390 million, though operating profit declined 8.2% to ¥4,739 million.

Outlook and guidance

• FY2/25 full-year forecasts remain unchanged: operating revenue ¥280,000 million, operating profit ¥55,000 million, ordinary profit ¥57,000 million, profit attributable to owners of parent ¥39,000 million, and annual dividend of ¥70 per share.

• No changes to previously announced earnings forecasts.