DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
October 15, 2025
Company name: Shochiku Co., Ltd.
Listing: Tokyo Stock Exchange / Sapporo Stock Exchange / Fukuoka Stock Exchange Securities code: 9601
URL: https://www.shochiku.co.jp
Representative: Toshihiro Takahashi, Representative Director and President Inquiries: Taku Koyama, Executive Officer
Telephone: +81-3-5550-1699
Scheduled date to file semi-annual securities report: October 15, 2025
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the six months ended August 31, 2025 (from March 1, 2025 to August 31, 2025)
-
Consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
August 31, 2025
49,629
25.4
4,249
494.3
4,364
-
4,120
-
August 31, 2024
39,587
(7.7)
715
(69.6)
(3,148)
-
(681)
-
Note: Comprehensive income For the six months ended August 31, 2025:
¥10,452 million
[-%]
For the six months ended August 31, 2024:
¥(2,275) million
[-%]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
August 31, 2025
299.81
-
August 31, 2024
(49.63)
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
August 31, 2025
226,428
103,232
45.6
7,504.10
February 28, 2025
208,900
93,152
44.5
6,772.01
Reference: Equity
As of August 31, 2025: ¥103,139 million
As of February 28, 2025: ¥93,056 million
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended
February 28, 2025
-
0.00
-
30.00
30.00
Fiscal year ending February 28, 2026
-
0.00
Fiscal year ending
February 28, 2026 (Forecast)
-
30.00
30.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- Forecast of consolidated financial results for the fiscal year ending February 28, 2026 (from March 1, 2025 to February 28, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending February 28, 2026 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
97,000 | 15.5 | 4,300 | 158.3 | 4,500 | - | 4,000 | - | 291.03 | |
Note: Revisions to the earnings forecasts most recently announced: Yes
* NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements:None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of August 31, 2025
13,937,857 shares
As of February 28, 2025
13,937,857 shares
Number of treasury shares at the end of the period
As of August 31, 2025
193,505 shares
As of February 28, 2025
196,532 shares
Average number of shares outstanding during the period(cumulative from the beginning of the fiscal year)
Six months ended August 31, 2025 | 13,742,605 shares |
Six months ended August 31, 2024 | 13,740,374 shares |
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors.
Semi-annual consolidated balance sheet(Millions of yen)
As of February 28, 2025 | As of August 31, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 14,912 | 22,611 |
Notes and accounts receivable - trade and contract assets | 9,857 | 11,000 |
Merchandise and finished goods | 1,659 | 1,829 |
Work in process | 8,002 | 8,436 |
Raw materials and supplies | 114 | 116 |
Other | 4,410 | 2,969 |
Allowance for doubtful accounts | (9) | (10) |
Total current assets | 38,949 | 46,953 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 37,314 | 36,312 |
Facilities,net | 13,898 | 13,528 |
Land | 52,471 | 52,471 |
Other, net | 4,253 | 5,038 |
Total property, plant and equipment | 107,937 | 107,350 |
Intangible assets | ||
Other | 1,951 | 1,883 |
Total intangible assets | 1,951 | 1,883 |
Investments and other assets | ||
Investment securities | 41,992 | 52,318 |
Retirement benefit asset | 311 | 359 |
Other | 17,940 | 17,645 |
Allowance for doubtful accounts | (182) | (82) |
Total investments and other assets | 60,062 | 70,241 |
Total non-current assets | 169,951 | 179,475 |
Total assets | 208,900 | 226,428 |
(Millions of yen)
As of February 28, 2025 | As of August 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 6,945 | 10,141 |
Short-term borrowings | 7,099 | 4,799 |
Current portion of long-term borrowings | 14,582 | 7,539 |
Income taxes payable | 357 | 746 |
Provision for bonuses | 552 | 587 |
Provision for losses on business withdrawal | 1,560 | - |
Other | 8,915 | 11,088 |
Total current liabilities | 40,011 | 34,902 |
Non-current liabilities | ||
Long-term borrowings | 47,152 | 56,494 |
Provision for retirement benefits for directors (and other officers) | 54 | - |
Retirement benefit liability | 1,916 | 1,954 |
Asset retirement obligations | 5,390 | 5,042 |
Other | 21,222 | 24,801 |
Total non-current liabilities | 75,736 | 88,293 |
Total liabilities | 115,747 | 123,196 |
Net assets | ||
Shareholders' equity | ||
Share capital | 33,018 | 33,018 |
Capital surplus | 30,191 | 30,210 |
Retained earnings | 15,100 | 18,805 |
Treasury shares | (1,430) | (1,407) |
Total shareholders' equity | 76,879 | 80,626 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 16,537 | 22,856 |
Foreign currency translation adjustment | (63) | (63) |
Remeasurements of defined benefit plans | (297) | (280) |
Total accumulated other comprehensive income | 16,176 | 22,512 |
Non-controlling interests | 96 | 93 |
Total net assets | 93,152 | 103,232 |
Total liabilities and net assets | 208,900 | 226,428 |
(Millions of yen)
Six months ended August 31, 2024 | Six months ended August 31, 2025 | |
Net sales | 39,587 | 49,629 |
Cost of sales | 22,240 | 27,980 |
Gross profit | 17,347 | 21,648 |
Selling, general and administrative expenses | 16,632 | 17,399 |
Operating profit | 715 | 4,249 |
Non-operating income | ||
Interest income | 6 | 8 |
Dividend income | 454 | 545 |
Share of profit of entities accounted for using equity method | - | 44 |
Other | 89 | 172 |
Total non-operating income | 551 | 770 |
Non-operating expenses | ||
Interest expenses | 397 | 454 |
Loan fees | 69 | 28 |
Share of loss of entities accounted for using equity method | 3,890 | - |
Compensation expenses | - | 127 |
Other | 56 | 44 |
Total non-operating expenses | 4,414 | 655 |
Ordinary profit (loss) | (3,148) | 4,364 |
Extraordinary income | ||
Gain on sale of investment securities | 4,002 | 56 |
Gain on reversal of provision for loss on business withdrawal | - | 658 |
Total extraordinary income | 4,002 | 715 |
Extraordinary losses | ||
Loss on retirement of non-current assets | 19 | 64 |
Loss on valuation of investment securities | - | 245 |
Loss on closing of theater | - | 19 |
Total extraordinary losses | 19 | 329 |
Profit before income taxes | 834 | 4,750 |
Income taxes - current | 644 | 516 |
Income taxes - deferred | 868 | 117 |
Total income taxes | 1,513 | 633 |
Profit (loss) | (678) | 4,116 |
Profit (loss) attributable to non-controlling interests | 3 | (3) |
Profit (loss) attributable to owners of parent | (681) | 4,120 |
(Millions of yen)
Six months ended August 31, 2024 | Six months ended August 31, 2025 | |
Profit (loss) | (678) | 4,116 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (1,609) | 6,316 |
Remeasurements of defined benefit plans, net of tax | 11 | 17 |
Share of other comprehensive income of entities accounted for using equity method | 2 | 2 |
Total other comprehensive income | (1,596) | 6,335 |
Comprehensive income | (2,275) | 10,452 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | (2,278) | 10,456 |
Comprehensive income attributable to non-controlling interests | 3 | (3) |
(Millions of yen)
Six months ended August 31, 2024 | Six months ended August 31, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 834 | 4,750 |
Depreciation | 2,357 | 2,418 |
Increase (decrease) in provision for bonuses | 14 | 35 |
Increase (decrease) in provision for retirement benefits for directors (and other officers) | (182) | (54) |
Decrease (increase) in retirement benefit asset | (182) | (48) |
Increase (decrease) in retirement benefit liability | 11 | 38 |
Increase (decrease) in allowance for doubtful accounts | (20) | (98) |
Increase (decrease) in provision for losses on business withdrawal | - | (1,560) |
Interest and dividend income | (461) | (553) |
Interest expenses | 397 | 454 |
Share of loss (profit) of entities accounted for using equity method | 3,890 | (44) |
Loss on retirement of non-current assets | 19 | 64 |
Loss (gain) on valuation of investment securities | - | 245 |
Loss (gain) on sale of investment securities | (4,002) | (56) |
Loss on closing of theater | - | 19 |
Decrease (increase) in trade receivables | 2,578 | (1,042) |
Decrease (increase) in inventories | (2,240) | (605) |
Increase (decrease) in trade payables | (1,864) | 3,196 |
Decrease (increase) in other current assets | 183 | 1,311 |
Increase (decrease) in other current liabilities | (503) | 1,751 |
Other, net | 86 | 1,317 |
Subtotal | 914 | 11,540 |
Interest and dividends received | 513 | 597 |
Interest paid | (378) | (443) |
Income taxes paid | (953) | (171) |
Income taxes refund | 57 | 169 |
Net cash provided by (used in) operating activities | 154 | 11,693 |
(Millions of yen)
Six months ended August 31, 2024 | Six months ended August 31, 2025 | |
Cash flows from investing activities | ||
Payments into time deposits | (100) | - |
Proceeds from withdrawal of time deposits | 100 | - |
Purchase of property, plant and equipment | (1,724) | (1,045) |
Purchase of intangible assets | (106) | (31) |
Purchase of investment securities | (2,111) | (1,189) |
Proceeds from sale of investment securities | 5,994 | 182 |
Purchase of shares of subsidiaries and associates | (2,000) | (2) |
Proceeds from sale of shares of subsidiaries and associates | - | 0 |
Loan advances | (20) | (1,000) |
Proceeds from collection of loans receivable | 23 | 18 |
Other, net | (4) | (1) |
Net cash provided by (used in) investing activities | 49 | (3,068) |
Cash flows from financing activities | ||
Increase (decrease) in short-term borrowings | 650 | (2,300) |
Proceeds from long-term borrowings | 3,000 | 5,000 |
Repayments of long-term borrowings | (2,892) | (2,700) |
Repayments of lease liabilities | (346) | (503) |
Repayments of installment payables | (13) | (1) |
Purchase of treasury shares | (5) | (6) |
Proceeds from sale of treasury shares | 0 | - |
Dividends paid | (411) | (414) |
Net cash provided by (used in) financing activities | (18) | (926) |
Net increase (decrease) in cash and cash equivalents | 185 | 7,698 |
Cash and cash equivalents at beginning of period | 20,692 | 14,912 |
Cash and cash equivalents at end of period | 20,878 | 22,611 |
(Segment information, etc.) Segment Information
Previous interim consolidated accounting period (March 1, 2024 to August 31, 2024)
Information on sales and the amount of profit or loss for each reported segment
(Millions of yen)
Motion Pictures
Theatre
Real Estate
Other (Note) 1
Total
Adjustment amount (Note) 2
Interim Consolidated Statements of Income (Note)3
Sales
Revenues from external customers
20,681
10,952
6,919
1,034
39,587
-
39,587
Transactions with other segments
86
65
951
48
1,151
(1,151)
-
Total
20,767
11,017
7,870
1,083
40,739
(1,151)
39,587
Segment profit (loss)
438
(923)
3,034
(222)
2,327
(1,612)
715
Note: 1. The "Other" category is a business segment that is not included in the reporting segments, such as the production and sale of programs, the planning and sale of character products, the planning and production of distributed content, and the development of new businesses.
Adjustments for segment profit or loss (loss) of (1,612) million yen include 0 million yen of inter-segment transaction elimination and (1,612) million yen of company-wide expenses not allocated to each reporting segment. Company-wide expenses are mainly expenses related to the Company's general affairs and other administrative divisions that are not attributable to the reporting segment.
Segment profit or loss (loss) is adjusted for operating income in the interim consolidated statements of income.
Interim Consolidated Accounting Period (March 1, 2025 to August 31, 2025)
Information on sales and the amount of profit or loss for each reported segment
(Millions of yen)
Motion Pictures
Theatre
Real Estate
Other (Note) 1
Total
Adjustment amount (Note) 2
Interim Consolidated Statements of Income (Note)3
Sales
Revenues from external customers
27,996
12,901
7,362
1,368
49,629
-
49,629
Transactions with other segments
62
95
937
35
1,131
(1,131)
-
Total
28,059
12,997
8,299
1,404
50,760
(1,131)
49,629
Segment profit (loss)
2,576
489
2,851
(13)
5,903
(1,654)
4,249
Note: 1. The "Other" category is a business segment that is not included in the reporting segments, such as the production and sale of programs, the planning and sale of character products, the planning and production of distributed content, and the development of new businesses.
Adjustments for segment profit or loss (loss) of (1,654) million yen include 0 million yen of inter-segment transaction elimination and (1,654) million yen of company-wide expenses not allocated to each reporting segment. Company-wide expenses are mainly expenses related to the Company's general affairs and other administrative divisions that are not attributable to the reporting segment.
Segment profit or loss (loss) is adjusted for operating income in the interim consolidated statements of income.