Toho (9602) Q2 2027 earnings summary

Executive summary

• H1 FY2027 revenue was ¥185,162 million, down 3.4% YoY; operating profit was ¥30,938 million, down 24.8%, and net income attributable to owners was ¥20,019 million, down 40.2%.

• Film revenue and profit declined; IP & Anime revenue grew 15.6% while profit fell 44.2%, and Real Estate revenue rose 1.8% with profit down 5.4%.

Financial highlights

• Gross profit was ¥83,083 million, down from ¥84,672 million; SG&A rose to ¥52,144 million from ¥43,525 million.

• Ordinary profit fell 21.5% to ¥33,127 million; prior-year results included an ¥8,913 million gain on investment-security sales.

• Operating cash flow was ¥19,144 million versus ¥47,755 million a year earlier; investing cash flow was negative ¥4,489 million and financing cash flow was negative ¥23,928 million.

Outlook and guidance

• FY2027 forecast: revenue ¥345,000 million, operating profit ¥62,000 million, ordinary profit ¥67,000 million and net income ¥48,000 million; net income outlook rose from ¥41,000 million after strategic-shareholding sales.

• Operating profit guidance remained unchanged and includes ¥2,000 million of fixed-asset demolition costs; domestic box-office assumptions rose to ¥95–105 billion from ¥90–100 billion.

• FY capital expenditure budget is ¥29,800 million; FY2027 dividend forecast is ¥22 per share following the March 2026 five-for-one stock split.

• GODZILLA MINUS ZERO is scheduled for a simultaneous worldwide November release, with overseas release planned in 80 countries.