Toho (9602) Q1 2026 earnings summary

Executive summary

• Operating revenue for 1Q FY2/26 was ¥84.9 billion, down 1.3% year-over-year; operating profit was ¥19.3 billion, down 21.3%; ordinary profit was ¥18.9 billion, down 18.9%; profit attributable to owners of parent was ¥11.6 billion, down 28.4%.

• Streaming rights revenues from animation titles remained strong domestically and internationally.

• The company implemented a new mid-term plan in April 2025, restructuring segments and establishing IP and Anime as a new growth area.

Financial highlights

• Gross profit for the quarter was ¥40.1 billion, down from ¥43.4 billion year-on-year.

• Basic earnings per share for the quarter were ¥68.21, compared to ¥94.07 in the prior year.

• Comprehensive income for the quarter was ¥17.1 billion, a 5.0% decrease year-on-year.

• Overseas sales ratio increased slightly to 10.2% from 9.9% in the previous year.

• Net cash provided by operating activities was ¥22.3 billion; cash and cash equivalents at quarter-end were ¥80.5 billion.

Outlook and guidance

• Full-year profit forecast for FY2/26 was revised upward by ¥6 billion to ¥43.5 billion due to extraordinary income from cross-shareholding sales.

• Operating revenue and profit forecasts for the year remain unchanged at ¥300 billion and ¥57 billion, respectively.

• Dividend payout ratio target raised to 35% or more, with a minimum annual dividend of ¥85 per share and flexible share buybacks planned.