Toho (9602) Q4 2025 earnings summary

Executive summary

• Achieved record-high revenue of ¥313.1 billion and operating profit of ¥64.6 billion for FY2025, driven by strong film and animation business, including hits like "Godzilla -1.0" and TOHO animation titles.

• TOHO animation works expanded steadily both domestically and internationally.

• Announced new mid-term plan targeting operating profit of ¥70.0 billion+ and ROE above 9%.

Financial highlights

• Revenue rose 10.5% year-over-year to ¥313.1 billion; operating profit up 9.2% to ¥64.7 billion; recurring profit up 2.3% to ¥64.5 billion.

• Net income attributable to shareholders decreased 4.3% year-over-year to ¥43.4 billion.

• Quarterly revenue and profit showed consistent growth, with Q4 revenue at ¥79.0 billion and operating profit at ¥24.6 billion.

• Cash and equivalents at year-end were ¥76.6 billion; operating cash flow was ¥51.6 billion.

Outlook and guidance

• FY2026 forecast: revenue ¥300.0 billion (down 4.2%), operating profit ¥57.0 billion (down 11.9%), net income ¥37.5 billion (down 13.5%), reflecting loss of "Godzilla -1.0" distribution rights and temporary closure of Imperial Theatre.

• New "IP & Animation Business" segment established to enhance disclosure and focus on growth strategy.

• Targeting operating profit of ¥70.0 billion+ and ROE of 9%+ in the medium term; aiming to raise overseas sales ratio from 10% to 30% by 2032 and double TOHO animation staff.