Slide 1: Financial Results Presentation 2Q FY2/27
Financial Results Presentation 2Q FY2/27 (semi-annual period) (March 1, 2026 - August 31, 2026) October 15, 2026 TOHO CO., LTD. Stock Code:9602 ©TOHO CO., LTD. All Rights Reserved. Ver1.0
Slide 2: Contents
Contents About This Presentation • This presentation is a comprehensive, one-stop disclosure designed to give investors a complete picture of TOHO’s business, alongside its financial results. For an overview, please refer primarily to the Executive Summary and Financial Highlights. For details of ea
Slide 3: Executive Summary
Executive Summary ©TOHO CO., LTD. All Rights Reserved. 2
Slide 4: Executive Summary for 2Q FY2/27 (Semi-Annual Period)
Executive Summary Executive Summary for 2Q FY2/27 (Semi-Annual Period) [Updated] • 2Q results (semi-annual): Recorded operating revenue of ¥185.1 billion and operating profit of ¥30.9 billion. Despite a decline following the previous year’s major hit titles and the impact of the time lag in recognit
Slide 5: Business Highlights for 2Q FY2/27 (Semi-Annual Period)
Executive Summary Business Highlights for 2Q FY2/27 (Semi-Annual Period) [Updated] Revenue decreased, as 2Q FY2/26 benefited from 2Q FY2/26 2Q FY2/27 major hits such as Demon (millions of yen) Change Percentage change (Semi-annual period) (Semi-annual period) Slayer and KOKUHO. Operating revenue 191
Slide 6: Operating Results by Segment for 2Q FY2/27
Executive Summary Operating Results by Segment for 2Q FY2/27 (Semi-Annual Period) [Updated] 2Q FY2/26 2Q FY2/27 Change Factors Composition by business segment (Semi-annual (Semi-annual Change (Top row: Operating revenue (excluding adjustments) (millions of yen) period) period) Bottom row: Operating
Slide 7: Film Business: Strong Performance in Film Distribution & Movie Theater
Executive Summary Film Business: Strong Performance in Film Distribution & Movie Theater [New] • Film Distribution: The overall industry performed strongly, thanks to hits such as Detective Conan, Chiikawa, and foreign films. • Movie Theater Business (TOHO CINEMAS）: - Admission fees were partially r
Slide 8: GODZILLA MINUS ZERO to Be Released Worldwide in November
Executive Summary GODZILLA MINUS ZERO to Be Released Worldwide in November [New] (As of October 15, 2026) • GODZILLA MINUS ZERO to be released simultaneously worldwide in November. • TOHO Global* will fully launch its own distribution network, aiming to make the film a worldwide hit. *GKIDS (North A
Slide 9: New Anime Title Phantom Busters to be Aired in 2027
Executive Summary New Anime Title Phantom Busters to be Aired in 2027 [New] • To be adapted into a TV anime in 2027. - Phantom Busters by Neo Shoco is set to be adapted into a TV anime. - Currently a highly popular manga serialized in Shueisha’s Jump Square. - Over 1.4 million copies in circulation
Slide 10: Operating Revenue by Segment: Film Business and IP & Anime Business
Executive Summary Operating Revenue by Segment: Film Business and IP & Anime Business (Revenue Breakdown, Quarterly) [Updated] (millions of yen) Film business IP & Anime business (millions of yen) Strong sales from anime 80,000 Major hits including 30,000 *From the bottom of the bar charts: streamin
Slide 11: IP & Anime Business: Revenue Growth / Upfront Investments
Executive Summary IP & Anime Business: Revenue Growth / Upfront Investments [New] • Operating revenue: Increased significantly due to higher streaming revenue from anime titles other than new releases. • Operating profit: Profit fell due to one-off expense and increased SG&A expenses from upfront in
Slide 12: IP & Anime Business: Time Lag in Revenue Due to Company Split
Executive Summary IP & Anime Business: Time Lag in Revenue Due to Company Split [Updated] • Company split (executed in March 2026): Transitioned to a structure under which overseas subsidiary TOHO Global (TG) directly recognizes overseas revenue. • Difference in fiscal year-ends: The difference in f
Slide 13: IP & Anime Business: Overseas Strategy to Maximize the IP Value
Executive Summary IP & Anime Business: Overseas Strategy to Maximize the IP Value [New] • Strengthen our own distribution network and evolve from providing viewing experiences to providing diverse experiences through the IP business. • Expand both our business areas (↓) and our own value chain (→),
Slide 14: Other Business: TOHO-ONE Reaches 3 Million Members
Executive Summary Other Business: TOHO-ONE Reaches 3 Million Members [New] Made progress toward becoming a fan engagement platform. Membership reached 3 million as migration from the former Cine Mileage and other services progressed. Expansion and stabilization of membership base Deepening relations
Slide 15: Real Estate: Property Sales After Holding Policy Review
Executive Summary Real Estate: Properties Sales After Holding Policy Review (Announced on August 17) [New] We verified the strategic value of approximately 130 properties we own from both quantitative and qualitative perspectives and, based on the “TOHO Mid-Term Plan 2028,” began selling properties
Slide 16: Reduction of Strategic Shareholdings
Executive Summary Reduction of Strategic Shareholdings: Target Announced on July 15, Partial Sale on September 15 [Updated] Sold portion on Sep. 15, reducing the carrying amount by approx. ¥14.3B compared with the end of FY2/26(¥11.1 billion in extraordinary income to be recorded in 3Q). Target: By
Slide 17: Toward 2032: Sustainable Growth Through Stability and the Power of Hits
Executive Summary Toward 2032: Sustainable Growth Through Stability and the Power of Hits [Updated] • Control the volatility inherent in the entertainment through the stable foundation provided by the IP & Anime, Theatrical, and Real Estate businesses. • Build on this stable foundation to pursue maj
Slide 18: Financial Highlights
Financial Highlights ©TOHO CO., LTD. All Rights Reserved. 17
Slide 19: Film Business Segment
Financial Highlights Film Business Segment [Updated: Added 'Others' to revenue breakdown] Revenue decreased due to the tough comparison against the major hits of Demon Slayer and KOKUHO in the same period last year. Operating income also decreased due to higher personnel and depreciation expenses. F
Slide 20: IP & Anime Business Segment
Financial Highlights IP & Anime Business Segment [Updated: Added 'Others' to revenue breakdown] Revenue increased due to strong performance in overseas streaming revenue and product sales. Operating income declined due to one-off expenses and higher SG&A expenses in overseas business, among other fa
Slide 21: Theatrical Business Segment
Financial Highlights Theatrical Business Segment [Updated] Revenue and profit decreased, as 2Q FY2/26 benefited from performances such as Knights' Tale ARENA LIVE and Les Misérables. 2,000 14,000 （millions of yen） FY2/26 FY2/27 (millions of yen) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Operating revenue 5,117 5,580
Slide 22: Real Estate Business Segment
Financial Highlights Real Estate Business Segment [Updated] Operating revenue remained solid, but operating profit decreased mainly due to the drop-off of the price adjustment impact seen in the Road business last year. 55,000 24,000 FY2/26 FY2/27 50,000 （millions of yen） (millions of yen) 1Q 2Q 3Q
Slide 23: Other Business and Adjustments
Financial Highlights Other Business and Adjustments [Updated] Other business *Mainly from TOHO-ONE membership fee revenue. Also includes operating revenue from TOHO Kyoei Kogyo's "Toho Chofu Sports Park" and TOHO RETAIL's theater concession stands, etc. 2Q FY2/26(Semi-annual 2Q FY2/27(Semi-annual pe
Slide 24: FY2/27 Financial Forecasts
Financial Highlights FY2/27 Financial Forecasts (Profit attributable to owners of parent Upwardly Revised in 2Q Announcement on Oct 15) [Updated] Reflecting the sale of strategic-shareholdings in 3Q, net income (profit attributable to owners of parent) was revised upward by 7.0 billion yen to 48.0 b
Slide 25: Shareholder Returns
Financial Highlights Shareholder Returns Reposting (4Q FY2/26 Presentation)] The dividend forecast for the fiscal year ending February 2027 will be reviewed Mid-Term Plan 2028 in the future in accordance with the shareholder return policy. Achieve a dividend payout ratio of 35% or more with a minimu
Slide 26: Appendix 1 Financial Results/Outlook
Appendix 1 Financial Results/Outlook ©TOHO CO., LTD. All Rights Reserved. 25
Slide 27: Trends in Operating Revenue and Operating Profit
Appendix 1 Financial Results/Outlook Trends in Operating Revenue and Operating Profit [Updated] Operating revenue Operating profit (Billions of yen) (Billions of yen) Lease of Land and Buildings -0.1 Production and Distribution Road -0.5 Production and business -10.1 Distribution business Building M
Slide 28: Operating Revenue (Quarterly)
Appendix 1 Financial Results/Outlook Operating Revenue (Quarterly) [Updated] Key Factors for Each Quarter (millions of yen) 2Q FY2/27 110,000 Overseas ratio 106,799 • Strong performance in anime streaming revenue, etc. 50.0% 1Q FY2/27 • Movie Theater business and Production and 100,000 96,419 45.0%
Slide 29: FY2/26 Overseas Revenue
Appendix 1 Financial Results/Outlook FY2/26 Overseas Revenue [Reposting (1Q FY2/27 Presentation)] Sales Trends by Region Sales Composition by Region (millions of yen) 50,000 North America Asia Other Overseas sales ratio FY2/25 FY2/26 9.9% 10.1% 10.0% 40,000 36,466 1,178 North 31,146 74.5% 72.2% 1,69
Slide 30: Trend in Gross Profit Margin (Quarterly)
Appendix 1 Financial Results/Outlook Trend in Gross Profit Margin (Quarterly) [Updated] （millions of yen） 60,000 Gross profit Gross profit margin 50.4% 49.0% 47.2% 47.2% 50.0% 46.1% 46.8% 46.1% 46.1% 45.7% 44.3% 44.2% 44.7% 50,000 43.5% 42.8% 43.6% 42.6% 41.8% 40.4% 40.0% 40,000 30.0% 30,000 43,370
Slide 31: Depreciation Expense by Segment
Appendix 1 Financial Results/Outlook Depreciation Expense by Segment [Updated] (millions of yen) FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Film business 869 944 1,017 1,130 1,106 1,258 IP & Anime business 361 381 372 412 427 467 Theatrical business 50 38 39 39 42 44 Real Estate business 1,903 1,872 1,87
Slide 32: Trend in SG&A Expenses (Quarterly)
Appendix 1 Financial Results/Outlook Trend in SG&A Expenses (Quarterly) [Updated] （millions of yen） Personnel expenses Advertising expenses Depreciation Rent expenses on land and buildings Other SG&A ratio to sales FY27/2 2Q: “Other” factors 33.0% contributing to the QoQ increase: 40,000 One-off exp
Slide 33: Operating Profit (Quarterly)
Appendix 1 Financial Results/Outlook Operating Profit (Quarterly) 0.4 [Updated] Key Factors for Each Quarter (millions of yen) 28.6% 30,000 0.3 2Q FY2/27 Operating profit margin 23.1% 24.7% • One-off expenses related to contingent consideration 22.0% 21.0% 22.8% 21.1% • Increase in upfront investmen
Slide 34: Operating Profit Margin by Segment
Appendix 1 Financial Results/Outlook Operating Profit Margin by Segment [Updated] (%) FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 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 2Q Total Company-wide 18.2 18.2 13.3 19.7 17.5 23.1 20.0 16.6 14.0 18.4 24.7 19
Slide 35: Breakdown of IP & Anime Business (Accounting Basis)
Appendix 1 Financial Results/Outlook Breakdown of IP & Anime Business (Accounting Basis) [Updated] IP & Anime Business by organization IP & Anime Business by element Japan Overseas Japan Overseas TOHO animation Anime (TOHO animation/Products & Licensing Dept.) Anime （TOHO Global*2) Streaming Streami
Slide 36: TOHO animation's Operating Revenue by Source and Sales Composition
Appendix 1 Financial Results/Outlook TOHO animation’s Operating Revenue by Source and Sales Composition in Japan and Overseas (Accounting Basis) [Updated] • A portion of overseas pre-adjustment 2Q operating revenue (conventional basis) shifted to 3Q due to the consolidation adjustment (company split
Slide 37: TOHO animation: Revenue by Source (Quarterly)
Appendix 1 Financial Results/Outlook TOHO animation: Revenue by Source (Quarterly, Accounting Basis) [Updated] In order from the top (Reference) Ratio of archived works revenue to (1) Streaming revenue (Archived works: Works distributed (1) Streaming prior to the quarterly period under review) (2) C
Slide 38: Streaming and Character License Revenue Source
Appendix 1 Financial Results/Outlook TOHO animation: Streaming and Character License Revenue Source (Quarterly, Accounting Basis) [Updated] ・Revenue from video streaming and character licensing drove steady growth in the anime business. ・A portion of overseas pre-adjustment 2Q FY2/27 operating reven
Slide 39: Non-operating Income/Expenses and Depreciation
Appendix 1 Financial Results/Outlook Non-operating Income/Expenses and Depreciation [Updated] (millions of yen) (millions of yen) 2Q 2Q FY2/26 FY2/27 Primary FY2/26(Semi- FY2/27(Semi- Change annual period) annual period) Change Factors 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Interest income 344 389 44 ー Interest in
Slide 40: Extraordinary Income/Losses
Appendix 1 Financial Results/Outlook Extraordinary Income/Losses [Updated] (millions of yen) (millions of yen) 2Q FY2/26 2Q FY2/27 FY2/26 FY2/27 Primary Change (Semi-annual (Semi-annual Change period) Factors period) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2Q FY2/26: Sale of cross Gain on sale of Gain on sale of sh
Slide 41: Balance Sheet
Appendix 1 Financial Results/Outlook Balance Sheet [Updated] （millions of yen） As of Feb. 28, 2026 As of Aug 31, 2026 Change Change Factors Notes and accounts receivable - trade, and contract assets: +13,001, Cash and Current assets 234,036 228,844 -5,191 deposits: +6,803, Other: +5,386, Inventories
Slide 42: Works in Progress by Segment
Appendix 1 Financial Results/Outlook Works in Progress by Segment (including Inventories on B/S) [Updated] （millions of yen） FY2/26 FY2/27 1Q-end 2Q-end 3Q-end 4Q-end 1Q-end 2Q-end 3Q-end 4Q-end Film business 6,813 5,557 6,583 6,171 8,366 8,381 IP & Anime business 9,268 9,819 10,247 9,047 9,240 10,9
Slide 43: Cash Flows Statement
Appendix 1 Financial Results/Outlook Cash Flows Statement [Updated] (millions of yen) 2Q FY2/27(Semi- Main components annual period) Profit before income taxes: 31,871; Increase in trade payables: 9,110; Depreciation: 7,676; Cash flows from operating 19,144 Income taxes paid: -14,733; Decrease in ac
Slide 44: Financial Forecast for FY2/27 (2Q revision)
Financial Highlights Financial Forecast for FY2/27 (2Q revision: Profit attributable to owners of parent only) [Updated: Profit attributable to owners of parent figures only] Upward revision of net income (profit attributable to owners of parent) by 7.0 billion yen to reflect the sale of policy-held
Slide 45: Appendix 2 Film Business
Appendix 2 Film Business ©TOHO CO., LTD. All Rights Reserved. 44
Slide 46: TOHO Distribution Lineup for FY2/27 and Beyond
Appendix 2 Film Business Film Business: TOHO Distribution Lineup for FY2/27 and Beyond [Updated (as of Oct. 15, 2026)] (1)Representation/Co-rep titles. 48 titles in total (as of Oct.15) including 7 titles under representation by TOHO, 27 invested titles, and 12 TOHO NEXT titles(p.47） (2)Box-office r
Slide 47: Film Business: Upcoming Titles
Appendix 2 Film Business Film Business: Upcoming Titles [New] The Man Who Stole The Sun In the Clear Moonlit Dusk Whisper of the Heart The Secret World of Arrietty GODZILLA MINUS ZERO Witch on the Holy Night The Apothecary Diaries: (4K Digital Remaster) Scheduled for theatrical release (4K Digital R
Slide 48: TOHO NEXT / GKIDS Distribution Lineup for FY2/27
Appendix 2 Film Business TOHO NEXT / GKIDS Distribution Lineup for FY2/27 [Updated (as of Oct. 15, 2026)] Underline indicates update from Jul. 2026 Financial Results Presentation material. TOHO NEXT Label (Film business) GKIDS major distribution titles (IP & Anime business) FY2/27 titles Release dat
Slide 49: Foreign Films / GKIDS Distribution Lineup for FY2/27
Appendix 2 Film Business Film Business: Foreign Films / GKIDS Distribution Lineup for FY2/27 [Updated (as of Oct.15, 2026)] Underline indicates update from Jul. 2026 Financial Results Presentation material. Domestic distribution titles (mainly TOHO-TOWA) Universal Pictures titles and others Release
Slide 50: Domestic Box Office – One Billion Yen or More for FY2/27
Appendix 2 Film Business Film Business: Domestic Box Office – One Billion Yen or More for FY2/27 [Updated (as of Sep. 30, 2026)] Underline indicates update from Jul. 2026 Financial Results Presentation material. Films distributed by TOHO CO.,LTD Films distributed by TOHO-TOWA CO.,LTD. etc. (Billions
Slide 51: Annual Domestic Box-Office Revenue and Movie Theater Attendance
Appendix 2 Film Business Trends in Annual Domestic Box-Office Revenue* of the TOHO Group and Movie Theater Attendance in the Movie Theater Business [Updated] *Box office revenue for films distributed by Distribution Division, TOHO-TOWA and TOWA PICTURES (Billions of yen) (Thousands) Chiikawa The Mov
Slide 52: BO Revenue Trends – TOHO Group Domestic Distribution
Appendix 2 Film Business Film Business: BO Revenue Trends – TOHO Group Domestic Distribution [Updated] *Box office revenue for films distributed by Distribution Division, TOHO-TOWA and TOWA PICTURES (Billions of yen) *Total of TOHO + TOHO-TOWA + TOWA PICTURES 35 TOHO TOHO-TOWA, TOWA PICTURES (Billio
Slide 53: BO Revenue Trends – Movie Theater business
Appendix 2 Film Business Film Business： BO Revenue Trends – Movie Theater business [Updated] *Box office revenue for the TOHO group’s movie theater business division (Box office revenue for all films exhibited at TOHO CINEMAS, etc.) (Billions of yen) FY2/26 FY2/27 (Billions of yen) 1Q (Mar. - May) 1
Slide 54: Overview of TOHO Cinemas Ltd.
Appendix 2 Film Business Movie Theater Business: Overview of TOHO Cinemas Ltd. [Updated] *As of November 2026 (including scheduled) • 743 screens (SC) at 79 locations in Japan, accounting for just under a 30% share of domestic box-office revenue (in 2025). Additional theaters in FY2/27 • In October
Slide 55: Opened in 2026: TOHO CINEMAS OIMACHI and NAGOYA SAKAE
Appendix 2 Film Business Opened in 2026: TOHO CINEMAS OIMACHI and NAGOYA SAKAE [New] TOHO CINEMAS NAGOYA SAKAE (opened on June 11, 2026) ► Location: 5F–9F, The Landmark Nagoya Sakae, 3-25-1 Nishiki, Naka-ku, Nagoya-shi, Aichi, Japan ► Theater specifications: 10 screens, 1,655 seats ► First IMAX® the
Slide 56: Major success of Chiikawa the Movie: The Secret of Mermaid Island
Appendix 2 Film Business Major success of Chiikawa the Movie: The Secret of Mermaid Island [New] Box office revenue trend as well as promotional activities and events Strong sales of goods related to the film Chiikawa Simultaneous Distribution of Cheer screenings featuring Hosting a special • Sales
Slide 57: M&A: Making Design COCO ltd. a Subsidiary
Appendix 2 Film Business M&A: Making “Design COCO ltd.” a Subsidiary [New] • Announced in September 2026: TOHO EIZO BIJUTSU (a wholly owned subsidiary of the Company) acquired shares of Design COCO ltd. ("Design COCO"), making Design COCO a subsidiary. Purpose of making Design COCO a subsidiary: Fur
Slide 58: TOHO Mid-Term Plan 2028 and Progress
Appendix 2 Film Business TOHO Mid-Term Plan 2028 and Progress [Updated] • We will further reinforce the Film 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 creati
Slide 59: Appendix 3 IP & Anime Business
Appendix 3 IP & Anime Business ©TOHO CO., LTD. All Rights Reserved. 58
Slide 60: Anime Scheduled for Airing and Premiere (1/2)
Appendix 3 IP & Anime Business IP & Anime Business: Anime Scheduled for Airing and Premiere from Mar. 2026 Onward （1/2） [Updated (as of Oct.15, 2026)] Underline indicates update from Jul. 2026 Financial Results Presentation material. TOHO animation Titles Schedule Production company BEASTARS FINAL S
Slide 61: Anime Scheduled for Airing and Premiere (2/2)
Appendix 3 IP & Anime Business IP & Anime Business: Anime Scheduled for Airing and Premiere from Mar. 2026 Onward （2/2） [Updated (as of Oct.15, 2026)] TOHO animation Underline indicates update from Jul. 2026 Financial Results Presentation material. Titles Schedule Production company The Apothecary D
Slide 62: Anime Visual Lineup from October 2026 Onward (1/2)
Appendix 3 IP & Anime Business Anime Visual Lineup from October 2026 Onward (1/2) [New] The Apothecary Diaries Season 3 Though I Am an Inept Villainess, Part2 Frieren: Beyond Journey's End Season 3 Airing from October 2026 / April 2027 Airing from January 2027 Airing from October 2027 ©日向夏・イマジカインフォス
Slide 63: Anime Visual Lineup from October 2026 Onward (2/2)
Appendix 3 IP & Anime Business Anime Visual Lineup from October 2026 Onward (2/2) [New] HAIKYU!!: Where Monsters Go Spice and Wolf: MERCHANT MEETS JUJUTSU KAISEN THE WISE WOLF Season2 KAIJU NO. 8 THE FINAL Airing in 2027 The Culling Game Part 2 Airing in 2027 Production decided Production decided ©2
Slide 64: TOHO Animation: Cour Count
Appendix 3 IP & Anime Business TOHO Animation: Cour Count [Reiterated] • 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 business model. • Currently planning and developing new IPs to be r
Slide 65: Anime Industry Market Size
Appendix 3 IP & Anime Business Anime Industry Market Size [Reiteration of Dec. 2025 Business Presentation Materials] Domestic Anime Market ：The domestic anime industry has grown Global Anime Market ：The global animation market is expected to grow significantly since the mid-2010s, with its size reac
Slide 66: Global Anime Market: Anime Market by Region
Appendix 3 IP & Anime Business Global Anime Market: Anime Market by Region [Reiteration of Dec. 2025 Business Presentation Materials] Europe Asia Pacific ex. Japan North America (billions of USD) ⚫ The market has grown (billions of USD) ⚫ Various genres are (billions of USD) ⚫ North America shows th
Slide 67: Anime Production Studios in Japan
Appendix 3 IP & Anime Business Anime Production Studios in Japan [Updated] TOHO animation STUDIO Science SARU Orange Co., Ltd. • Established by ILCA and Anima with the • Established in 2013 • Established in 2004 name I&A in Aug. 2017 • Has 73 employees (as of Aug. 2026). • Has 183 employees (as of A
Slide 68: Strategies of Game Business
Appendix 3 IP & Anime Business Strategies of Game Business [Updated] About our Game business • Launched a game label TOHO Games in 2021. Delivers the IP cultivated through our Cinema and Anime businesses to fans through games. • The Game Division (17 members*) closely works together with each depart
Slide 69: Anime Game Title Lineup
Appendix 3 IP & Anime Business IP & Anime Business: Anime Game Title Lineup [Updated] Game title currently delivered Underline indicates update from Jul. 2026 Financial Results Presentation material. Titles Our functions Release Remarks • For smartphones • Jun. 2021 (Smartphone) • Planning, producti
Slide 70: GODZILLA Strategy (TOHO Mid-Term Plan 2028 and Progress)
Appendix 3 IP & Anime Business GODZILLA Strategy (TOHO Mid-Term Plan 2028 and Progress) [Updated (number of stores only)] Investing approx. 15 billion yen over the next three years until 2028 to strengthen our initiatives Mid-Term Plan 2028 Progress Major initiatives from 2026 onward Expanded sellin
Slide 71: Godzilla Series: Market Size and Revenue Trends
Appendix 3 IP & Anime Business IP & Anime Business: Godzilla Series: Market Size and Revenue Trends (by Source) [2Q FY27 Results Updated] Aim for Godzilla IP market size of ¥80.0B* in 2032 Release of Godzilla x Kong: * A figure for licensing sales back-calculated based on Godzilla character licensin
Slide 72: GODZILLA STORE to Increase Brand Value
Appendix 3 IP & Anime Business GODZILLA STORE to Increase Brand Value [Updated] Region Store name Opening Looking back on 2025 GODZILLA STORE Tokyo Oct. 2017 • Hakata store was opened. We accelerated the launch of physical Tokyo GODZILLA STORE Daiba Mar. 2025 stores in and outside Japan to increase
Slide 73: Multi-store Expansion of Goods Shop TOHO Entertainment STORE
Appendix 3 IP & Anime Business Multi-store Expansion of Goods Shop TOHO Entertainment STORE [New] • Offering TOHO movie and theater goods, TOHO Store name Opening date Key feature animation-related merchandise, and Godzilla goods. First store: Hibiya Opened in Tokyo metropolitan • Reach fans by prov
Slide 74: Major Overseas Group Companies
Appendix 3 IP & Anime Business Major Overseas Group Companies [Reiterated] TOHO Global Inc. (Tokyo) ・A company overseeing overseas operations. 100% ownership 100% ownership 100% ownership TOHO Entertainment Asia Pte. Ltd. Toho International, Inc. TOHO Europe Limited (Singapore) (London) (Los Angeles
Slide 75: Major Overseas Group Companies: Details
Appendix 3 IP & Anime Business Major Overseas Group Companies：Details [Reiterated (Updated the number of employees)] TOHO Global • A company overseeing overseas operations. Beginning in North America, engages in licensing for the distribution, streaming, and merchandising of anime, live-action conte
Slide 76: Headcount of Overseas Business (TOHO Global)
Appendix 3 IP & Anime Business IP & Anime Business: Headcount of Overseas Business (TOHO Global) [Updated] (1)（North America） GKIDS, INC (Number of persons) (2)（North America） Toho International, Inc. (3)（Asia） TEA*1 To approx. 250 (4)（Europe） TOHO Europe Limited employees by the 250 (5) （Europe） An
Slide 77: TOHO Mid-Term Plan 2028 and Progress
Appendix 3 IP & Anime Business TOHO Mid-Term Plan 2028 and Progress [Updated] 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 the
Slide 78: Appendix 4 Theatrical Business
Appendix 4 Theatrical Business ©TOHO CO., LTD. All Rights Reserved. 77
Slide 79: Theatrical Plays Lineup for FY2/27 and Beyond
Appendix 4 Theatrical Business Theatrical Business: Theatrical Plays Lineup for FY2/27 and Beyond [Updated (as of Oct.15, 2026)] Theatre Creation Underline indicates update from Jul 2026 Financial Results Presentation. Titles Schedule Titles Schedule Main theaters Blood Brothers Mar. – Apr. 2026 Thi
Slide 80: Trends in Japan's Live Entertainment Market
Appendix 4 Theatrical Business Trends in Japan’s Live Entertainment Market [New] 1000.0 (Billion yen) 856.4 • Japan’s live entertainment market size: ¥856.4 billion in 2025 Music Stage 760.5 • New record highs for three 750.0 *Our theatrical business falls within the stage category. 685.7 227.9 cons
Slide 81: TOHO Mid-Term Plan 2028 and Recent Progress
Appendix 4 Theatrical Business TOHO Mid-Term Plan 2028 and Recent Progress [Updated] • 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 diver
Slide 82: Appendix 5 Real Estate Business
Appendix 5 Real Estate Business ©TOHO CO., LTD. All Rights Reserved. 81
Slide 83: TOHO's Real Estate Portfolio
Appendix 5 Real Estate Business Real Estate Business: TOHO’s Real Estate Portfolio [Updated (As of Sep. 2026)] Major properties owned by TOHO Properties owned by TOHO (% of leased area) Major properties owned by TOHO Property use Warehouse,etc 1% 【Tokyo】 60 properties Studio 6% TOHO Hibiya Bldg. Mov
Slide 84: Example of Synergies with Entertainment (SHINJUKU TOHO BLDG.)
Appendix 5 Real Estate Business Example of Synergies with Entertainment (SHINJUKU TOHO BLDG.) [New] • Built around its core movie business, the SHINJUKU TOHO BLDG. opened in 2015 as an entertainment complex centered on a cinema complex and hotel. • Centered on the Godzilla IP, the SHINJUKU TOHO BLDG
Slide 85: TOHO Mid-Term Plan 2028 and Recent Progress
Appendix 5 Real Estate Business TOHO Mid-Term Plan 2028 and Recent Progress [Updated] ・ 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 Progress Property Portfolio • Focus on in
Slide 86: Appendix 6 Others (TOHO-ONE)
Appendix 6 Others(TOHO-ONE） ©TOHO CO., LTD. All Rights Reserved. 85
Slide 87: Growth as a Fan Engagement Platform
Appendix 6 Other (TOHO-ONE) Growth as a Fan Engagement Platform [New] Create new touchpoints with fans through continued initiatives with a diverse range of IPs. Through Q2, the focus was on the film Chiikawa. From Q3 onward, plan to expand collaboration with IP holders and partners, including the G
Slide 88: TOHO-ONE
Appendix 6 Other (TOHO-ONE) TOHO-ONE [Reiterated] We will launch game integration during FY2026, and Membership plans Premium Standard Light continue adding new connected services to reach 10 Annual fee 3,000 yen 500 yen Free million users by 2032. Point back rate 2% 2% 1% Payment with points ✓ ✓ ✓
Slide 89: Appendix 7 Business Model
Appendix 7 Business Model ©TOHO CO., LTD. All Rights Reserved. 88
Slide 90: Film Business Business Model
Appendix 7 Business Model Film Business (Business model of Production, Distribution, and Movie Theater Divisions) [Updated] Stable base revenue from theatrical operations and distribution + capturing upside potential from major hits. Forecast Box-office success Box-office failure Movie Distribution
Slide 91: Licensing Leverage & Tangible Touchpoints
Appendix 7 Business Model IP&Anime Business: Licensing Leverage & Tangible Touchpoints [Reiterated] IPs Ecosystem: Maximizing the value of our IPs in each area with TOHO Group and partners IPs Production Contact Distribution & Box office & Sales MD, Packaging, EC/stores and games Licensing Leverage
Slide 92: IP&Anime Business: Commercial Distribution Details
Appendix 7 Business Model IP&Anime Business: Commercial Distribution Details [Reiterated] IPs Ecosystem: Maximizing the value of our IPs in each area with TOHO Group and partners IPs Production Contact Distribution & Box office & Sales MD, Packaging, EC/stores and games Areas in which our group is i
Slide 93: Anime Production Committee Structure
Appendix 7 Business Model IP&Anime Business: Anime Production Committee Structure [Reiterated] • Production committee promotes secondary use in various areas to deliver works to fans in a multifaceted, multilayered, and long-term manner. • TOHO is capable of widely delivering value to fans in such f
Slide 94: Initiatives of Products & Licensing Dept.
Appendix 7 Business Model IP&Anime Business: Initiatives of Products & Licensing Dept. (Merchandise Sales, Goods, Pamphlets, Home Entertainment) [Updated] Maximize fan engagement through secondary use and feed it back into new ideas Merchandise sales • Strengthen the merchandise sales of License Pro
Slide 95: Revenue Recognition of Key Titles by Commercial Flow
Appendix 7 Business Model Revenue Recognition of Key Titles by Commercial Flow [Updated（Added Chiikawa the Movie)] Note: "–" indicates operating revenue that is negligible or non-existent. (1) Godzilla movie series Production of works (allocated funds invested) Distribution to theaters Box office an
Slide 96: Business Flow and Reporting Segments for GODZILLA MINUS ZERO
Appendix 7 Business Model TOHO Group Business Flow and Reporting Segments for GODZILLA MINUS ZERO [New] Production and investment Contact Licensee, box office, streaming, events, etc. Domestic theatrical distribution Domestic box office Licensing Partners Distribution Division TOHO Cinemas (Domestic
Slide 97: Business Models, Subsidiaries, Revenue Breakdown, and Segments
Appendix 7 Business Model Relation Between Business Models, Subsidiaries, Revenue Breakdown, and Segments in Film / IP & Anime [New] (3)Revenue breakdown Domestic Production Managem Art Licensing Sales and Other (1) (2)Major companies/subsidiaries distribution and ent of production *1 of merchandi (
Slide 98: Organization and Subsidiaries in the IP & Anime Business
Appendix 7 Business Model Organization and Subsidiaries of TOHO CO., LTD. Included in the IP & Anime Business Segment, and Their Business Activities [Updated] Names of organizations and Region Main business Fiscal subsidiaries included in the IP & Anime Over- period Japan Points to note* Business se
Slide 99: Appendix 8 Corporate
Appendix 8 Corporate ©TOHO CO., LTD. All Rights Reserved. 98
Slide 100: Driving Sustainable Growth through Stability & Power of Hits
Appendix 8 Corporate TOHO: Driving Sustainable Growth through Stability & Power of Hits [Updated] (FY2/2026) FY2/2026 results Revenue OP% ROE Overseas sales ratio ¥360.6 billion 18.8% 10.4% 10.1% GROUP Creating moments to move PURPOSE hearts and enrich lives Film IP & Anime TOHO’s domestic Global an
Slide 101: Business Development Combining Popular Japanese IPs with TOHO
Appendix 8 Corporate Business Development Combining Popular Japanese IPs with TOHO [New] Titles distributed by TOHO Film over the past three years (2024–2026)*2 IP division: Top 20 IPs by number of core fans*1 Number of core fans Main TOHO business segment for revenue recognition *4 ✓ TOHO works alo
Slide 102: Guiding Principles of TOHO Mid-Term Plan 2028
Appendix 8 Corporate Guiding Principles of TOHO Mid-Term Plan 2028 [Reiterated] 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 KAISEN, to the sold-out London performance
Slide 103: Key Points of TOHO Mid-Term Plan 2028
Appendix 8 Corporate Key Points of TOHO Mid-Term Plan 2028 [Reiterated] • 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 people and enhancing engagement with them
Slide 104: Financial Targets of TOHO Mid-Term Plan 2028
Appendix 8 Corporate Financial Targets of TOHO Mid-Term Plan 2028 [Reiterated] 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 outlined in Long-Term Vision 2032, maintai
Slide 105: Progress of Capital Allocation in TOHO Mid-Term Plan 2028
Appendix 8 Corporate Progress of Capital Allocation in TOHO Mid-Term Plan 2028 [Reiterated] • Over the three years of TOHO Mid-Term Plan 2028, in addition to operating cash flow, we will raise funds through borrowings and bond issuances, and will also consider and execute the sale of cross-held shar
Slide 106: To Maintain and Expand OP Margin over the Mid to Long Term
Appendix 8 Corporate To Maintain and Expand OP Margin over the Mid to Long Term [Updated] From the next fiscal year onward, growth investments (SG&A expenses) will be stepped up. While profit margins may be temporarily pressured, these investments are aimed at future growth. Quarterly trends Outlook
Slide 107: ROE and Cost of Equity
Appendix 8 Corporate ROE and Cost of Equity [Reiterated] • We recognize that the cost of equity (CAPM)*1 is approximately 4–5.5% (as of 2025). • We also recognize that there is a gap between this figure and investors’ expectations, and we work to bridge this gap through dialogue with investors. Comp
Slide 108: Shares Status
Appendix 8 Corporate Shares Status [New] (As of Aug. 31, 2026) Major Shareholders Percentage of Shares Number of Held to Total Number of Name Shares Held Issued Shares (excluding (Thousands) treasury stock) (%) Hankyu Hanshin Holdings, Inc. 114,039 13.70% Distribution of Shares by Shareholder Type (
Slide 109: Press Releases / Business Topics / IR Calendar
Appendix 8 Corporate Press Releases / Business Topics / IR Calendar [Updated] Major Press Releases Main Business Topics From March 1, 2026 to October, 2026 From March 1, 2026 to October, 2026 Mar. 18, 2026 Notice Regarding Changes in Representative Directors and Executive Personnel Mar. 24, 2026 Unv
Slide 110: Investor Relations
Appendix 8 Corporate Investor Relations Please contact ir@toho.co.jp if you have any requests for IR meeting. Strengthening disclosure and enhancing dialogue Impact of strengthened IR activities • Fully revamped the corporate website in September 2026. • Improved liquidity: TOHO's trading value as a
Slide 111: Inquiries Investor Relations
This presentation has been prepared based on the Japanese version, and the English version is provided for reference purposes only. In the event of any conflict, inconsistency, or discrepancy in interpretation between the Japanese and English versions, the Japanese version shall govern and prevail.