Toho Co., Ltd. · TSE:9602

Toho — Q1 FY2/26 Earnings Presentation

69 slides from Toho's earnings presentation, Jul 15, 2025

  1. Slide 1: Consolidated Financial Results for 1Q FY2/26

    Consolidated Financial Results for 1Q FY2/26 （March 1, 2025 – May 31, 2025） Financial Results Presentation July 15, 2025 TOHO CO., LTD. Stock Code:9602 ©TOHO CO. LTD. All Rights Reserved.

  2. Slide 2: Contents

    Contents Executive Summary p.2 1. Operating Results for 1Q FY2/26 p.3 2．Business Outlook / Shareholder Returns p.19 Appendix 1 Lineup p.23 Appendix 2 Financial Results p.31 Appendix 3 Business p.40 Appendix 4 Corporate p.57 ©TOHO CO., LTD. All Rights Reserved. 1

  3. Slide 3: Executive Summary

    Executive Summary • Recorded operating revenue of ¥84.8 billion and operating profit of ¥19.3 billion. Streaming rights Financial revenues from TOHO animation titles remained strong both domestically and internationally. Results • Revenue and profit declined yoy due to the absence of major contribut

  4. Slide 4: Operating Results for 1Q FY2/26

    1 Operating Results for 1Q FY2/26 ©TOHO CO., LTD. All Rights Reserved. 3

  5. Slide 5: Business Highlights

    Operating Results for 1Q FY2/26 Business Highlights While streaming rights revenues from TOHO animation titles remained strong both domestically and internationally, overall revenue and profit declined yoy due to the absence of major contributions in 1Q FY2/25, including strong performance from Haik

  6. Slide 6: Operating Results by Segment

    Operating Results for 1Q FY2/26 Operating Results by Segment (millions of yen) Change Factors Change Factors 1Q FY2/25 1Q FY2/26 YoY change （Operating revenue） （Operating profit） Operating revenue 42,938 40,274 -2,664 • Decreased revenue due to the absence of strong performance Operating profit 12,8

  7. Slide 7: Operating Revenue (Quarterly)

    Operating Results for 1Q FY2/26 Operating Revenue (Quarterly) • Box office hits: Haikyu!! (The • Growth in merchandising rights (millions of yen) Movie) and The Floor Plan (Godzilla) and strong streaming • Strong streaming rights revenue revenue (The Apothecary Diaries, 100,000 from GODZILLA MINUS O

  8. Slide 8: Operating Profit (Quarterly)

    Operating Results for 1Q FY2/26 Operating Profit (Quarterly) • Box office hits: Haikyu!! (The Movie) and The Floor Plan • Growth in merchandising rights (millions of yen) • Strong streaming rights revenue (Godzilla) and strong streaming from GODZILLA MINUS ONE revenue (The Apothecary and videogram s

  9. Slide 9: Trends in Operating Revenue and Operating Profit

    Operating Results for 1Q FY2/26 Trends in Operating Revenue and Operating Profit Operating revenue Operating profit (Billions of yen) (Billions of yen) Lease of Land and Production and Distribution Buildings +0.0 business -4.6 Production and Road -0.2 Distribution business Movie Theater business +0.

  10. Slide 10: Film Business Segment

    Operating Results for 1Q FY2/26 Film Business Segment （millions of yen） Operating revenue Operating profit Performance Analysis (Change Factors) Other Film 42,938 businesses Although titles such as #Iwilltellyouthetruth, Wicked, and Mission: 617 Production 40,274 Impossible – The Final Reckoning per

  11. Slide 11: Monthly Box Office

    Operating Results for 1Q FY2/26 Monthly Box Office Production and Distribution business: Box office revenue Movie Theater business: Box office revenue （millions of yen） （millions of yen） 1Q FY2/25 1Q FY2/26 YoY 1Q FY2/25 1Q FY2/26 YoY Q1 36,452 27,042 -25.8% Q1 17,077 17,627 3.2% Mar. 12,948 7,912 -

  12. Slide 12: IP & Anime Business Segment

    Operating Results for 1Q FY2/26 IP & Anime Business Segment （millions of yen） Operating revenue Operating profit Performance Analysis (Change Factors) 15,000 Revenue increased from the merchandising rights of TOHO Monster Series 20,000 18,999 characters, including Godzilla, as well as from domestic

  13. Slide 13: TOHO Animation's Operating Revenue by Source and Sales Composition

    Operating Results for 1Q FY2/26 TOHO Animation’s Operating Revenue by Source and Sales Composition in Japan and Overseas Operating Revenue by Sales Source (millions of yen) 1Q FY2/25 1Q FY2/26 YoY change Percentage change Major factors of changes • The Apothecary Diaries, My Hero Academia, and Haiky

  14. Slide 14: TOHO Animation: Revenue by Source

    Operating Results for 1Q FY2/26 TOHO Animation: Revenue by Source Overseas ratio （millions of yen） In order from the top 24,000 (1) Theater release 60.0% 22,280 (2) Royalty and others (3) Home entertainment 54.5% (4) Merchandise sales 50.0% 44.4% 18,000 (5) Character license 40.9% 42.4% 16,055 40.9%

  15. Slide 15: TOHO Animation: Royalty Revenue from Streaming and Character License

    Operating Results for 1Q FY2/26 TOHO Animation: Royalty Revenue from Streaming and Character License Royalty revenue from streaming and character licenses drove strong growth in the Anime Business. Streaming Character license （millions of yen） （millions of yen） Japan Overseas Japan Overseas 20,000 8

  16. Slide 16: Theatrical Business Segment

    Operating Results for 1Q FY2/26 Theatrical Business Segment （millions of yen） Operating revenue Operating profit Performance Analysis (Change Factors) 6,000 2,500 Even during the closure of the Imperial Theatre, efforts were made to 5,246 5,117 maintain the number of company-presented performances b

  17. Slide 17: Real Estate Business Segment

    Operating Results for 1Q FY2/26 Real Estate Business Segment （millions of yen） Operating revenue Operating profit Performance Analysis (Change Factors) 25,000 10,000 Revenue increased due to the steady operation of Lease of company-owned real estate nationwide. Profit increased 20,390 20,149 5,960 L

  18. Slide 18: Balance Sheet

    Operating Results for 1Q FY2/26 Balance Sheet *Cancelled 10,490,633 shares on April 30, in order to eliminate concerns about dilution from future potential treasury stock disposals. （millions of yen） As of Feb. 28, 2025 As of May 31, 2025 Change Change Factors Current assets 202,050 210,047 7,996 Ca

  19. Slide 19: Cash Flows Statement

    Operating Results for 1Q FY2/26 Cash Flows Statement (millions of yen) 1Q FY2/26 Main components Cash flows from operating (Increases) Profit before income taxes: 18,355; Depreciation: 3,352 22,309 activities (Decreases) Income taxes paid: 12,691 Cash flows from investing (Increases) Proceeds from s

  20. Slide 20: Business Outlook / Shareholder Returns

    Business Outlook / 2 Shareholder Returns ©TOHO CO., LTD. All Rights Reserved. 19

  21. Slide 21: FY2/26 Financial Forecasts (Revised on July 15, 2025)

    Business Outlook / Shareholder Returns FY2/26 Financial Forecasts (Revised on July 15, 2025) Revised full-year financial forecast expecting to record extraordinary income resulting from the sales of two cross-shareholdings.* （millions of yen） FY2/25 FY2/26 Changes from Changes from (initial forecast

  22. Slide 22: FY2/26 Operating Revenue Forecasts by Segment (Initial Forecast)

    Business Outlook / Shareholder Returns FY2/26 Operating Revenue Forecasts by Segment (Initial Forecast) (millions of yen) Percentage FY2/25* FY2/26 YoY change changes Film business 209,253 132,200 Production and Distribution business 55,958 40,900 Movie Theater business 75,633 76,700 Other Film busi

  23. Slide 23: Shareholder Returns

    Business Outlook / Shareholder Returns Shareholder Returns Shareholder returns policy for the TOHO Mid-Term Plan 2028 (FY2026 - FY2028) Achieve a dividend payout ratio of 35% or more* with a minimum annual dividend of ¥85 per share and implement flexible share buybacks. Dividend per share Mid-Term P

  24. Slide 24: Appendix 1 Lineup

    Appendix 1 Lineup ©TOHO CO., LTD. All Rights Reserved. 23

  25. Slide 25: Box-office Revenues of 1 Billion Yen or More for FY2/26

    Appendix 1 Lineup Film business Box-office Revenues of 1 Billion Yen or More for FY2/26（As of June 30, 2025） Films distributed by TOHO CO.,LTD Films distributed by TOHO-TOWA CO.,LTD. etc. (Box office revenue of ¥1 billion or more) (Box office revenue of ¥1 billion or more) (Billions of yen) (Billion

  26. Slide 26: Box-office Revenues of 1 Billion Yen or More for FY2/25

    Appendix 1 Lineup Film business Box-office Revenues of 1 Billion Yen or More for FY2/25 （As of June 30, 2025） * Representation/Co-rep titles. Films distributed by TOHO CO.,LTD Underline indicates update from April 2025 Financial Results Presentation material. (Box office revenue of ¥1 billion or mor

  27. Slide 27: Films Lineup in Mar. 2025 and Later

    Appendix 1 Lineup Film business Films Lineup in Mar. 2025 and Later （As of July 15, 2025） * Representation/Co-rep titles. Films distributed by TOHO CO.,LTD Underline indicates update from April 2025 Financial Results Presentation material. Title Release date Mr.Osomatsu2 (Tentative Title) Spring 202

  28. Slide 28: Films Lineup in Mar. 2025 and Later (TOHO-TOWA, TOWA PICTURES, GKIDS)

    Appendix 1 Lineup Film business Films Lineup in Mar. 2025 and Later (TOHO-TOWA, TOWA PICTURES, GKIDS) （As of July 15, 2025） Underline indicates update from April 2025 Financial Results Presentation material. Added GKIDS’ distribution titles from July 2025 Financial Results Presentation material. Dis

  29. Slide 29: Anime Lineup

    Appendix 1 Lineup IP & Anime business Anime Lineup TOHO animation Underline indicates update from April 2025 Financial Results Presentation material. Title Schedule Production company The Angel Next Door Spoils Me From Apr. 2026 Project No.9 Rotten Season 2 TOHO animation Mushoku Tensei: Jobless The

  30. Slide 30: Game Lineup

    Appendix 1 Lineup IP & Anime business Game Lineup Underline indicates update from April 2025 Financial Results Presentation material. Game title currently delivered Title Remarks For smartphones Planning, production, development, and operation: TOHO CO., LTD. GODZILLA BATTLE LINE Service launched on

  31. Slide 31: Theatrical Plays Lineup in Mar. 2025 and Later

    Appendix 1 Lineup Theatrical business Theatrical Plays Lineup in Mar. 2025 and Later Theatre Creation Underline indicates update from April 2025 Financial Results Presentation material. Title Schedule Itaewon Class Jun. Tokyo Tatemono Brillia HALL HERO THE MUSICAL Feb. – Mar. 2025 Knights' Tale AREN

  32. Slide 32: Appendix 2 Financial Results

    Appendix 2 Financial Results ©TOHO CO., LTD. All Rights Reserved. 31

  33. Slide 33: Operating Profit Margin by Segment

    Appendix 2 Financial Results Operating Profit Margin by Segment (%) FY2/21 FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q Total Company-wide 8.5 10.5 15.8 9.7 11.7 18.2 18.2 13.3 19.7 17.5 23.1 20.0 16.6 14.0 18.4 24.7

  34. Slide 34: Non-operating Income/Expenses and Depreciation

    Appendix 2 Financial Results Non-operating Income/Expenses and Depreciation (millions of yen) 1Q FY2/25 1Q FY2/26 Change Change Factors Interest income 56 107 50 ー Dividend income 27 21 -5 ー Foreign exchange gains 217 ー -217 ー Subsidy income 19 200 180 ー Other 122 142 19 ー Total non-operating 443 47

  35. Slide 35: Extraordinary Income/Losses

    Appendix 2 Financial Results Extraordinary Income/Losses (millions of yen) 1Q FY2/25 1Q FY2/26 Change Change Factors Insurance claim 20 ー -20 ー income Total extraordinary 20 ー -20 income Loss on tax purpose reduction entry of 9 ー -9 ー non-current assets Demolition cost of ー 574 574 Demolition costs

  36. Slide 36: Breakdown of Revenue from Contracts with Customers

    Appendix 2 Financial Results Breakdown of Revenue from Contracts with Customers (millions of yen) 1Q FY2/26 Reportable segments Other Total Film Business IP & Anime business Theatrical business Real Estate business Main services Domestic distribution to movie theaters 10,638 ー ー ー ー 10,638 Productio

  37. Slide 37: Comparison of Breakdown of Revenue before and after Segment Change

    Appendix 2 Financial Results Comparison of Breakdown of Revenue from Contracts with Customers before and after Segment Change Breakdown of revenue from contracts with customers (Consolidated Financial Results for the Three Months Ended May 31, 2025, p.12-13) comprises the following main elements for

  38. Slide 38: Relation Between TOHO animation Operating Revenue by Source and Contract Revenue

    Appendix 2 Financial Results Relation Between TOHO animation Operating Revenue by Source and Breakdown of Revenue from Contracts with Customers • The relation between “TOHO animation operating revenue by source” IP & Anime business segment (slide p.12) and “breakdown of revenue from contracts with T

  39. Slide 39: FY2/25 Overseas Sales by Region

    Appendix 2 Financial Results FY2/25 Overseas Sales by Region Operating Revenue Breakdown Overseas Sales by Region (millions of yen) 350,000 Japan Overseas 313,171 31,146 Other 300,000 （9.9%) 1,696 Asia millions of yen 250,000 6,247 5.4% millions of yen 20.1% 200,000 31,146 150,000 millions of yen 28

  40. Slide 40: Business Combinations, etc. (GKIDS)

    Appendix 2 Financial Results Business Combinations, etc. (GKIDS) （As of Feb 28, 2025） Acquisition cost of the acquired company, Amount of Amounts of assets acquired and liabilities assumed on goodwill recognized, and the method and period of the date of the business combination, and the major amorti

  41. Slide 41: Appendix 3 Business

    Appendix 3 Business ©TOHO CO., LTD. All Rights Reserved. 40

  42. Slide 42: Film business: TOHO Mid-Term Plan 2028 and Recent Topics

    Appendix 3 Business Film business TOHO Mid-Term Plan 2028 and Recent Topics • We will further reinforce the Cinema business by further increasing its profitability through promoting production of films planned in-house and expanding non-film content distribution portfolio. • We are committed to the

  43. Slide 43: Demon Slayer: Kimetsu no Yaiba Infinity Castle is Set for Release

    Appendix 3 Business Film business The Highly Anticipated Demon Slayer: Kimetsu no Yaiba Infinity Castle is Set for Release • Demon Slayer the Movie: Mugen Train, which was released in October 2020 and became the highest-grossing film of all time in Japan, recorded a box office revenue of ¥40.43 bill

  44. Slide 44: IP & Anime business: TOHO Mid-Term Plan 2028 and Recent Topics

    Appendix 3 Business IP & Anime business TOHO Mid-Term Plan 2028 and Recent Topics We will reinforce our organizational framework and expand our talent base, enhancing production studio capabilities to develop and distribute high-quality content and IP worldwide. We will increase operating profit of

  45. Slide 45: GODZILLA Strategy

    Appendix 3 Business GODZILLA Strategy(TOHO Mid-Term Plan 2028 and IP & Anime business Recent Topics) GODZILLA will evolve from a visual content business into a broader IP-driven brand, strengthening its market presence. We will allocate approx. ¥15 billion over the next three years to expand GODZILL

  46. Slide 46: Godzilla Series: Revenue by Source

    Appendix 3 Business IP & Anime business Godzilla Series: Revenue by Source Release of Godzilla x Kong: In order from the top Overseas ratio The New Empire (1) Theater release (2) Royalty and others (movie) (3) Streaming (4) Merchandise sales (including home Opening of 50.0% entertainment） (5) Charac

  47. Slide 47: Leading Licensing and Brand Strategy for the Godzilla Series in Mainland China

    Appendix 3 Business IP & Anime business Leading Licensing and Brand Strategy for the Godzilla Series in Mainland China Established a strategic partnership with Shanghai Xinchuanghua Cultural Development Co., Ltd. (“SCLA”) to expand “Godzilla” licensing and brand development in Mainland China. Left:

  48. Slide 48: TOHO Animation: Cour Count

    Appendix 3 Business IP & Anime business TOHO Animation: Cour Count Reiteration of April 2025 Financial Results Presentation material Launch new TV animations and create new series to accumulate IP rights as our revenue source and extend the life of content, leading to a continuous and stable busines

  49. Slide 49: IP & Anime Business Segment: By Business

    Appendix 3 Business IP & Anime business IP & Anime Business Segment: By Business Reiteration of April 2025 Financial Results Presentation material We separated IP business and anime-related business from the Production and Distribution business and the Production and Licensing business. In FY2/26 an

  50. Slide 50: IP & Anime Business Segment: Changes by Subsidiary

    Appendix 3 Business IP & Anime business IP & Anime Business Segment: Changes by Subsidiary Reiteration of April 2025 Financial Results Presentation material We separated consolidated subsidiaries by company and shifted some Film business companies to the IP & Anime business. F Y2/ 25 FY2/26 Distribu

  51. Slide 51: IP & Anime Business Segment: Allocation by Commercial Distribution

    Appendix 3 Business IP & Anime business IP & Anime Business Segment: Allocation by Commercial Distribution Reiteration of April 2025 Financial Results Presentation material The following is the list of allocation destinations for major titles by commercial distribution. Godzilla and some anime-relat

  52. Slide 52: Organization and Subsidiaries Included in the IP & Anime Business

    Appendix 3 Business IP & Anime business Organization and Subsidiaries of TOHO CO., LTD. Included in the IP & Anime Business Segment, and Their Business Activities Reiteration of April 2025 Financial Results Presentation material (added a column for fiscal period) Names of organizations and Fiscal Re

  53. Slide 53: Overseas Strategy

    Appendix 3 Business IP & Anime business Overseas Strategy Reiteration of April 2025 TOHO Mid-Term Plan 2028 • We will expand our overseas presence and deliver more high-quality content and IP to global audiences, fostering deeper connections with fans, as we work toward increasing our overseas net o

  54. Slide 54: Major Overseas Group Companies

    Appendix 3 Business IP & Anime business Major Overseas Group Companies • A company overseeing overseas operations. • Beginning in North America, engages in licensing for the distribution, streaming, and merchandising of anime, live-action TOHO Global Inc. content, and other works worldwide, includin

  55. Slide 55: Theatrical business: TOHO Mid-Term Plan 2028 and Recent Topics

    Appendix 3 Business Theatrical business TOHO Mid-Term Plan 2028 and Recent Topics • We will support the bottom line of box-office revenue during the closure of the Imperial Theatre by utilizing outside theaters, launching a new membership service, and offering a variety of ticket prices and diverse

  56. Slide 56: Real Estate business: TOHO Mid-Term Plan 2028 and Recent Topics

    Appendix 3 Business Real Estate business TOHO Mid-Term Plan 2028 and Recent Topics ・ We will seek to improve asset efficiency while maintaining our revenue base over the medium to long term. Increase Revenue from Existing Properties and Review Our Point 1 Property Portfolio Recent topics • Focus on

  57. Slide 57: TOHO's Real Estate Portfolio

    Appendix 3 Business Real Estate business TOHO’s Real Estate Portfolio (As of May 31, 2025) We will seek to improve asset efficiency while maintaining our revenue base over the medium to long term. Major properties owned by TOHO Purpose Portfolio of properties owned 【Tokyo】 61 properties by the Compa

  58. Slide 58: Appendix 4 Corporate

    Appendix 4 Corporate ©TOHO CO., LTD. All Rights Reserved. 57

  59. Slide 59: Guiding Principles of TOHO Mid-Term Plan 2028

    Appendix 4 Corporate Guiding Principles of TOHO Mid-Term Plan 2028 Reiteration of April 2025 TOHO Mid-Term Plan 2028 The past three years have been a defining chapter in TOHO’s global success. From the U.S. Academy Award win for GODZILLA MINUS ONE, the worldwide phenomenon of the anime JUJUTSU KAISE

  60. Slide 60: Key Points of TOHO Mid-Term Plan 2028

    Appendix 4 Corporate Key Points of TOHO Mid-Term Plan 2028 Reiteration of April 2025 TOHO Mid-Term Plan 2028 • Scaling Excellence: Creating a Company-wide Network of Experts Human Hire approx. 200 people*1, the source of our growth, over the next three years. Focus on investing in our Resources peop

  61. Slide 61: Financial Targets of TOHO Mid-Term Plan 2028

    Appendix 4 Corporate Financial Targets of TOHO Mid-Term Plan 2028 Reiteration of April 2025 TOHO Mid-Term Plan 2028 We will increase financial targets for operating profit, shareholder returns, and ROE from those of the Mid-Term Plan 2025. We will also raise the ROE target from the 8–10% range outli

  62. Slide 62: Capital Allocation of TOHO Mid-Term Plan 2028

    Appendix 4 Corporate Capital Allocation of TOHO Mid-Term Plan 2028 Reiteration of April 2025 TOHO Mid-Term Plan 2028 Our policy for the next three years is to utilize operating cash flow and consider raising funds through borrowing, bond issuance, and other means, such as potential sales of cross-he

  63. Slide 63: Cross-shareholdings

    Appendix 4 Corporate Cross-shareholdings During FY2/25, three cross-shareholdings stocks were sold. However, the amount of cross-shareholdings recorded on B/S increased due to the rise in the share prices of the companies held. One holding was sold in June 2025, another holding will be sold in July.

  64. Slide 64: ROE and Cost of Equity

    Appendix 4 Corporate ROE and Cost of Equity Reiteration of April 2025 Financial Results Presentation material ROE has hovered around 8–10%, consistently exceeding the cost of equity (CAPM)*, except during FY2/21 amid the COVID-19 pandemic. We will continue to strive to understand the cost of equity

  65. Slide 65: TOHO-ONE Project

    Appendix 4 Corporate TOHO-ONE Project Reiteration of April 2025 TOHO Mid-Term Plan 2028 The TOHO Group plans to launch TOHO-ONE, a new membership service, in Japan in Spring 2026 for fans of its content and IP. We will support a variety of likes of fans in accordance with their respective ways of en

  66. Slide 66: Past Press Releases

    Appendix 4 Corporate Past Press Releases From March 1, 2025 to July 15, 2025 Mar. 24, 2025 Notice Regarding Changes of Officers Mar. 24 Notice of Revision to Dividend Forecast for the Fiscal Year Ended February 28, 2025 (136th Period) Apr. 14 Notice Regarding the establishment of TOHO Mid-Term Plan

  67. Slide 67: Investor Relations Schedule

    Appendix 4 Corporate Investor Relations Schedule Major Schedule Note May 29, 2025 The 136th Annual General Meeting of Shareholders ー May 29 FACT BOOK for FY2/25 ー May 29 Annual Securities Report -136th term (from March 1, 2024 to February 28, 2025) ー Jul.15 Announcement of Financial Results for 1Q F

  68. Slide 68: Investor Relations Activities

    Appendix 4 Corporate Investor Relations Activities Strengthening disclosure and enhancing dialogue to establish a feedback loop connecting management and capital markets Internal feedback of capital market opinions Enhancing dialogue Internal feedback Frequency IR events Main correspondents Board of

  69. Slide 69: —Inspiring People around the World—

    —Inspiring People around the World— Forward-looking statements are contained in these materials, but please note that actual results may differ significantly from the statements due to changing circumstances and various factors and therefore no guarantees are given. No part of these materials may be

Toho — Q1 FY2/26 Earnings Presentation on 6ix