Toei Animation Co., Ltd. · TSE:4816
Toei Animation — Q1 FY2024.3 Earnings Presentation
23 slides from Toei Animation's earnings presentation, August 2023
Slide 1: Financial Results Supplementary Material
Financial Results Supplementary Material For Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024) Toei Animation Co., Ltd.
Slide 2: Contents
CONTENTS 01.Financial Results for First Quarter Ended June 30, 2023 02. Outlook for FY2024.3 03. Future Business Prospects
Slide 3: 01. Financial Results for First Quarter Ended June 30, 2023
01.Financial Results for First Quarter Ended June 30, 2023
Slide 4: Financial Results Summary
Financial Results Summary ◼ Increase in sales and decrease in profit compared with the same period of the previous fiscal year. Net sales reached the highest level for the first quarter. ◼ Domestic Licensing Business and Sales of Goods Business remained strong led by the three movie titles that beca
Slide 5: Year-on-Year Changes
Ye a r - o n - Ye a r C h a n g e s ◼ Net sales saw continued strong performance in the Licensing Business and Sales of Goods Business despite a significant decline in revenues in the Film Business due to a reactionary decline of the strong sales of the major movie titles released in the same period
Slide 6: FY2024.3 1Q Results Segment Breakdown
FY2024.3 1Q Results Segment Breakdown ◼ Film segment saw significant decreases in revenues and income due to the recording of losses on evaluation of a large portion of inventories related to 「KNIGHTS OF THE Z O D I A C 」, i n a d d i t i o n t o a r e a c t i o n a r y d e c l i n e f r o m s t r o
Slide 7: FY2024.3 1Q Results Segment Analysis (1) Film
FY2024.3 1Q Results Segment Analysis (1) Film FY23/3. 1Q FY24/03. 1Q Film ( 5.2% year on year) (Million Yen) Results Results • In the Movies segment, revenues decreased significantly due to the reactionary decline following Net Sales 18,061 19,884 sales of the movie 「 Dragon Ball Super: SUPER HERO ｣
Slide 8: Trends in Film Overseas
Tr e n d s i n F i l m O ve r s e a s ◼ Sales of theatrical screening rights of the movie「 THE FIRST SLAM DUNK 」for China were strong despite a reactionary decline in sales of theatrical screening rights of the movie 「 Dragon Ball Super: SUPER HERO ｣ released in the sam e period of the previous year
Slide 9: Film Business: Topics
F i l m B u s i n e s s : To p i c s • Worldwide release started in conjunction with the release in Japan on April 28 . • Released sequentially in Central and South America from April 28, in North America from May 12, and in Europe from May 24. • Also scheduled to be released soon in China and other
Slide 10: FY2024.3 1Q Results Segment Analysis (2) Licensing, Sales of Goods, Others
FY2024.3 1Q Results Segment Analysis (2) Licensing, Sales of Goods, Others Licensing ( 2.4% year on year） FY23.3 1Q FY24.3 1Q (Million Yen) Results Results • In domestic licensing, revenues increased due to the strong sales of game development rights and merchandising rights of ONE PIECE. Net Sales
Slide 11: Trends in Domestic Licensing
Tr e n d s i n D o m e s t i c L i c e n s i n g ◼ As for “ONE PIECE,” sales of game development rights grew led by strong sales of the app game development rights of 「 ONE PIECE Bounty Rush 」 , w h i l e s a l e s o f m e r c h a n d i z i n g r i g h t s a l s o m a i n t a i n e d strength especi
Slide 12: Trends in Overseas Licensing
Tr e n d s i n O ve r s e a s L i c e n s i n g ◼ Although "ONE PIECE" performed strong, sales of merchandising rights for the "DRAGON BALL" series declined, resulting in a slight decrease in revenues. ◼ In terms of business breakdown, sales of merchandizing rights of “ONE PIECE” were strong thanks
Slide 13: Licensing, Sales of Goods, Others Businesses: Topics
L i c e n s i n g , S a l e s o f G o o d s , O t h e r s B u s i n e s s e s : To p i c s Domestic Licensing Overseas Licensing Sales of Goods ONE PIECE Bounty Rush Dragon Ball Z DOKKAN BATTLE THE FIRST SLAM DUNK official merchandise ONE PIECE Card Game BOOSTER PACK ONE PIECE Figure Mugiwara Store
Slide 14: FY2024.3 1Q Results Review
FY2024.3 1Q Results Review ◼ Strong performance was maintained in the Licensing and Sales of Goods Businesses led by the three movie titles that became big hits in the previous fiscal year, and sales recorded an all-time high for the first quarter. ◼ D e c l i n e i n i n c o m e d u e t o l o s s e
Slide 15: Balance Sheet Digest
Balance Sheet Digest ◼ The decrease in finished works is mainly due to the recording of losses on evaluation of a large portion of inventories of “Knights od the Zodiac The Beginning ,” which resulted in a small balance. ◼ Cash and deposits and shareholders' equity decreased due to payment of year-e
Slide 16: 02. Outlook for FY2024.3
02. Outlook for FY2024.3
Slide 17: Full-Year Earnings Estimates
F u l l - Ye a r E a r n i n g s E s t i m a t e s ◼ In the first quarter, the Licensing Business and Sales of Goods Business performed strongly, exceeding the initial plan, while income declined due to the recognition of losses on valuation of a large portion of inventories of “Knights od the Zodia
Slide 18: Progress against Earnings Estimates
Progress against Earnings Estimates 24.3 24.3 24.3 Film (Million Yen) Full-year 1Q Progress estimates • In Overseas films, the movie ”Knights od the Zodiac The Net Sales 19,884 72,000 27.6% Beginning “ has failed to perform as planned, and the progress rate is low. Film 7,283 31,300 23.3% • As in th
Slide 19: 03. Future Business Prospects
03. Future Business Prospects
Slide 20: A look back at KNIGHTS OF THE ZODIAC
A look back at “KNIGHTS OF THE ZODIAC ” ◼ Box-office revenues were not strong due to the timing of releases coinciding with other major titles of other companies. ◼ Inventory valuation losses were recorded as box-office performance fell short of initial expectations. ◼ The Company's producer acquire
Slide 21: Overseas Strategies
Overseas Strategies ◼ Promote three pillars of Hollywood, local production for local consumption, and export models to capture a share of the global animation market ◼ Ensure thorough portfolio/risk management in line with larger scale budgets Image of global strategies Aims Three pillars to expand
Slide 22: Initiatives for medium- to long-term growth (work development)
Initiatives for medium- to long-term growth (work development) Creating new IPs ｢ KAIJU DECODE ｣ ｢ IKIMONO-SAN ｣ ｢ Spicy Candy ｣ 「 GIRLS BAND CRY ｣ ｢ Future’s Folktales ｢The Monkey Prince Distribution of a short CG Short film category at the World First project by Toei Animation Completely new origi
Slide 23: Precautions regarding outlook
[Precautions regarding outlook] The contents described in this material are based on judgments and assumptions made with reference to information available as of the time of writing. The Company does not warrant that estimated figures, strategies or measures will necessarily be achieved. ©BIRD STUDI