Toho (9602) Q3 2024 earnings summary

Executive summary

• Operating revenue for Q3 FY2/25 rose 15.3% year-over-year to 234,169 million yen, with operating profit up 26.9% to 52,801 million yen and profit attributable to owners up 20.2% to 34,141 million yen.

• All-time highs were achieved in revenue and profit for the first nine months, driven by strong performance in cinema, animation, and theatrical businesses.

• Growth was led by hit films, robust animation licensing, merchandising, and digital distribution, though movie theater attendance and profits declined.

• Continued active investment and business development across cinema, animation, theatrical, and real estate segments.

Financial highlights

• Operating revenue: 234,169 million yen, up 15.3% year-over-year.

• Operating profit: 52,801 million yen, up 26.9% year-over-year.

• Ordinary profit: 51,552 million yen, up 16.7% year-over-year.

• Basic earnings per share: 200.38 yen, up from 162.68 yen year-on-year.

• Gross profit increased to 109,243 million yen from 91,276 million yen year-on-year; operating margin improved.

Outlook and guidance

• FY2/25 full-year forecast: operating revenue 297,000 million yen, operating profit 62,000 million yen, profit attributable to owners 40,000 million yen.

• No revision to previously announced business or dividend forecasts; annual dividend forecast is 70 yen per share.

• Commitment to a dividend payout ratio of 30% or more and flexible share buybacks.