Consolidated Financial Results for Q1 FY2/25(March 1, 2023 – May 31, 2024)

Financial Results Presentation

July 16, 2024

© 2024 "My Hero Academia THE MOVIE"製作委員会 © 堀越耕平／集英社

Overview of Operating Results for Q1 FY2/25

FY2/24

FY2/25(Mar. - May 2023)(Mar. - May 2024)

Operating revenue

74,153 million yen

85,976 million yen

11,823 million yen

15.9%

Operating profit

18,324 million yen

24,576 million yen

6,252 million yen

34.1%

Ordinary profit

18,802 million yen

23,351 million yen

4,548 million yen

24.2%

Profit attributable to owners ofparent12,291 million yen

16,149 million yen

3,857 million yen

31.4%

YoY

Percentagechanges1

Overview of Operating Results for Q1 FY2/25[TOHO VISION 2032 - Toho Group Management Strategy]
In April 2022, we formulated the "TOHO VISION 2032 - Toho Group Management Strategy" in preparation for our 100th-anniversary milestone.
This strategy is composed of the "Long-Term Vision 2032" and the specific measures for three years outlined in the "Medium-Term Management
Plan 2025." We remain committed to working towards sustainable growth and enhancing our corporate value in the medium to long term.
In the previous fiscal year (FY2/24), we achieved the numerical targets set out in the Medium-Term Management Plan 2025 of "Achieving thehighest operating profit“ in the second year and "Reaching an ROE (return on equity) of 8% or above" for two consecutive years.

[Summary of Q1 Financial Results]
Production and Distribution Business: sales and profits increased thanks to major hits such as "Haikyu!!: The Dumpster Battle," which surpassed¥11 billion in box office revenue since its release in Q4 of the previous fiscal year, "Detective Conan: The Million-dollar Pentagram," whichsurpassed ¥15 billion in box office revenue, "The Floor Plan," and "Doraemon the Movie: Nobita's Earth Symphony."
Movie Theater Chain Business: despite the favorable results of our distribution titles mentioned above, both sales and profits declined due to theabsence of blockbuster movies like "The Super Mario Bros. Movie," screened in the same period of the previous fiscal year.
Production and Licensing Business: the growth in sales and profits contributed to the overall performance. This was driven by TOHO animation
titles such as "Haikyu!!," "My Hero Academia," "JUJUTSU KAISEN," and "SPY x FAMILY" performed well due to the divergent developments liketheatrical plays, digital distribution, merchandising rights, and packaging sales.
As a result of above factors, the Cinema business segment as a whole saw higher sales and profits.
Theatrical business segment: sales and profits declined partly due to fewer regional productions and performances, despite the strong
performances of "Spirited Away" at the Imperial Theatre, "The Bones and Scorn" at Theatre Creation, and "The King and I" at Nissay Theatre.
Real Estate business segment: sales increased due to the contributions from TOKYO RAKUTENCHI Co., Ltd., which became our subsidiary at
the end of the previous fiscal year, in the Lease of Land and Buildings business, and the strong performance of owned properties, including the
TOHO Hibiya Promenade Bldg. completed in February last year. However, profits declined due to increased expenses for large-scale repairs.
As a result of the above, in the first quarter of the current fiscal year, we saw increases in operating revenue, operating profit, ordinary profit,
profit attributable to owners of parent, with the highest figures recorded in each item.

2

Operating Results by Segment

Operating revenue
FY2/24

FY2/25(Mar. - May 2024)

Percentagechanges(Mar. - May 2023)(Mar. - May 2024)

Percentagechanges

50,92560,00217.8%

13,15520,09852.8%

Production and Distribution

13,85919,730

42.4%

5,798

9,873

70.3%

Movie Theater Chain

23,207

21,372

-7.9%

4,668

3,805

-18.5%

Production and Licensing

13,85918,899

36.4%

2,688

6,418

138.8%(ii) Theatrical business

5,385

5,246

-2.6%

1,212

1,009

-16.7%(iii) Real Estate business

17,535

20,390

16.3%

5,160

4,739

-8.2%

Lease of Land and Buildings

7,269

9,419

29.6%

3,302

2,835

-14.1%

Road

7,768

8,062

3.8%

1,632

1,551

-5.0%

Building Maintenance

2,498

2,908

16.4%

225

352

56.0%

(iv) Other business

305

337

10.3%

51

48

-6.9%

(i) Cinema business

FY2/24

FY2/25(Mar. - May 2023)

Operating profit(Million yen)3

Quarterly Operating Results by Segment
Operating revenue by quarter
2022年2月期
FY2/22(100 million yen)

1,000

2024年2月期
FY2/242025年2月期
FY2/25

578

2,283

802

741
618

602 584654

593 634

2,833

3,000

859

800
600

2023年2月期
FY2/23Full-year operating revenue(100 million yen)

2,442

2,800 (Forecast)

2,000

597 645

505

400

1,000

200
0

0

第1四半期
Q1

第2四半期
Q2

2022年2月期
FY2/22300

2023年2月期
FY2/232024年2月期
FY2/24

2022年
FY2/222月期(100 million yen)

2025年2月期
FY2/25

2023年
FY2/23
2月期

183
142
105

176
109117124

98 108
67

第1四半期
Q1

第2四半期
Q2

第3四半期
Q3

117

2024年
FY2/242月期

2025年
FY2/252月期（予）(Forecast)

Full-year operating profit

700

592

245

200

0

第4四半期
Q4

Operating profit by quarter(100 million yen)

100

第3四半期
Q3

399

550
(Forecast)

448

350

90

第4四半期
Q4

0

2022年
FY2/222月期

2023年
FY2/232月期

2024年
FY2/242月期

2025年
FY2/252月期（予）(Forecast)4

Trends in Operating Revenue and Operating Profit
Operating profit

Operating revenue(100 million yen)(100 million yen)

Lease of Land and Buildings: -4
Road: -0
Building Maintenance: +1
Lease of Land and Buildings: +21
Road: +２
Building Maintenance: +4

Production and Distribution: +40
Movie Theater Chain: -8
Production and Licensing: +37
Production and Distribution: +58
Movie Theater Chain: -18
Production and Licensing: +50

Q1 FY2/24

CinemaBusiness

TheatricalBusiness

Real EstateBusiness

Other
Business

Q1 FY2/25

Q1 FY2/24

CinemaBusiness

TheatricalBusiness

Real EstateBusiness

Other
Business

Q1 FY2/25

5

Status of Major Titles in the Cinema BusinessWe were actively involved in production of following films during Q1, which became
major hits and significantly contributed to our business performance.
Released on November 3, 2023

Released on February 16, 2024

Released on March 15, 2024

GODZILLA MINUS ONE

Haikyu!!: The Dumpster Battle

The Floor Plan

Box office revenue in Japan: 7.6 billion yen(in North America: approx. 8.5 billion yen)Box office revenue: 11.16 billion yen

Box office revenue: 5.04 billion yen

In-house production

Production Committee System (organizer)

Production Committee System (organizer)

Production
andDistribution
Business

Revenue from production investment
Distribution revenue (Japan and overseas)
Digital distribution (Japan)

Distribution revenue (Japan)

Revenue from production investment
Distribution revenue (Japan)

Movie
Theater
Chain
Business

Box-office revenue

Box-office revenue

Box-office revenue

Production
andLicensing
Business

Home entertainment
Merchandise and pamphlet sales attheaters

Revenue from production investment
Merchandise and pamphlet sales attheaters
Royalty from character license

Merchandise and pamphlet sales attheaters
Box office revenues as of June 30, 2024

6

Operating Results by Segment [Cinema business]

Operating revenue
50,925

Operating profit
60,002

20,09839,5289,230

FY2/23 (Mar.-May 2022)

FY2/24 (Mar.-May 2023)

FY2/25 (Mar.-May 2024)

FY2/23 (Mar.-May 2022)

13,155

FY2/24 (Mar.-May 2023)

FY2/25 (Mar.-May 2024)(Box office revenue
as of June 30, 2024)(単位：百万円）

Performance Analysis(Change Factors)
業績分析（増減要因）◼

In the Production and Distribution business, sales and profits increased. This growth was driven by the success of "Haikyu!!: The Dumpster Battle" (11.16 billion
yen in box office revenue), "Detective Conan: The Million-dollar Pentagram" (15.19 billion yen), "The Floor Plan" (5.04 billion yen), and "Doraemon the Movie:
Nobita's Earth Symphony" (4.26 billion yen) since Q4 of the previous fiscal year. Additionally, revenues were bolstered by the distribution of "GODZILLAMINUS ONE" in North America and its digital distribution rights in Japan.

◼

In the Movie Theater Chain business, sales and profits declined. Despite the hits of the above-mentioned works distributed by TOHO, there was a significant
reactionary decline in box office revenues compared to last year's remarkable growth during the Golden Week holidays.

◼

In the Production and Licensing business, royalty revenues in the animation production business from digital distribution and merchandising rights of TOHO
animation titles such as “Haikyu!!,” “My Hero Academia,” “JUJUTSU KAISEN,” “SPY x FAMILY,” “Frieren: Beyond Journey‘s End,” and “The Apothecary
Diaries,” contributed to the performance. In the Home Entertainment business, sales of “GODZILLA MINUS ONE” were strong. In the Publishing andMerchandising business, sales of pamphlets and character goods for “Haikyu!!: The Dumpster Battle” and “Detective Conan:The Million-dollar Pentagram”
were strong.
Significant increases in sales and profits for the Production and Licensing business as a whole drove overall performance.

7

Major Films in Q1
Films distributed
by TOHO CO.,LTD (box office revenue above ¥1 billion)
東宝㈱配給作品（興行収入10億円以上）
Title
作品名

Releasedate
公開日

revenue
興行収入

Apr. 12
4月12日

151.9

Mar. 15
3月15日

50.4

Doraemonthe Movie: Nobita's
Earth Symphony
映画ドラえもん
のび太の地球交響楽

3月1日
Mar. 1

42.6

Godzilla x Kong:
The New Empire
ゴジラxコング
新たなる帝国Apr. 26
4月26日

17.1

Umamusume:
Pretty Derby– Beginning of a New新時代の扉」
Era (Tentative Title)
劇場版「ウマ娘
プリティーダービー

May 24
5月24日

12.2

April Come She Will
四月になれば彼女はMar. 22
3月22日

11.6

Feb. 16
2月16日

111.6

Nov. 3,
2023年
2023
11月3日

76.0

みちしるべ

Detective 名探偵コナン
Conan:The Million-dollar
Pentagram
100万ドルの五稜星

The Floor Plan

変な家
シンフォニーBox officeFilmscontinued from the previous period（前期からの続映作品）

Haikyu!!:劇場版ハイキュー!!
The Dumpster Battle
ゴミ捨て場の決戦
GODZILLA MINUS ONE
ゴジラ-1.0

単位：億円）(As（2024年６月末日現在
of June 30, 2024/Unit: 100
million yen)

8Trends in the Production and Distribution Business andthe Movie Theater Chain Business for the Current Period
Production andDistribution Business: Box office revenue (million
yen)
映画営業事業
興行収入推移（単位：百万円）

2024年2月期
FY2/242025年2月期
FY2/25

前年同期比
YoY

Movie
Theater興行収入推移
Chain Business: Box office revenue (million
yen)
映画興行事業（単位：百万円）
2024年2月期
2025年2月期
前年同期比
FY2/25
FY2/24
YoY

3月
Mar.

6,547

12,948

197.8%

3月
Mar.

4,896

5,833

119.1%

4月
Apr.

11,38815,354134.8%

4月
Apr.

7,374

6,380

86.5%

May
5月

8,767

8,149

92.9%

May
5月

8,133

4,862

59.8%

第１四半期
Q1

26,70336,452136.5%

第１四半期
Q1

20,404

17,077

83.7%

6月
Jun.

3,182

3,871

121.7%

6月
Jun.

5,864

3,600

61.4%

※東宝映画営業部が配給した作品の興行収入*Box office revenues of films distributed by TOHO's Film Sales Department※全国のTOHOシネマズ等で上映されたすべての作品の興行収入（東宝配給作品を含む）*Box office revenues of all films screened at TOHO Cinemas and other theaters nationwide (including films distributed by TOHO)

Movie Theater Chain Business:
Comparisonof monthly box月間興行収入の過去2期との比較
office revenues with the past two fiscal years
映画興行部門Production and Distribution Business:
Comparisonof monthly box
office revenues with the past two fiscal years
映画営業部門
月間興行収入の過去2期との比較(100 million
億円yen)

FY2/23
2023年2月期

160

FY2/242024年2月期

FY2/23
2023年2月期

140

80

120

Box office revenue

Box office revenue

FY2/242024年2月期(100 million
yen)
億円

60
興
行
収
入 40

100
興
行 80
収
入 60
40

20

20

0

0
3月
Mar

4月
Apr

5月
May

6月
Jun

7月
Jul

8月
Aug

9月
Sep

10月
Oct

11月
Nov

12月
Dec

1月
Jan

2月
Feb

3月
4月 May5月 Jun
6月
Mar
Apr

7月
Jul

8月 Sep9月 10月
1月 Feb
2月
Aug
Oct 11月
Nov 12月
Dec Jan9Performance of TOHO Animation
Q1 FY2/25 Animation Business: Operating Revenue by Sales Source and Sales Composition in Japan and Overseas◆ The scope of this table covers works under the label of TOHO animation and equivalents.
FY2/25

FY2/24Mar.-May

Mar.-May

Distribution

2,961

5,047

2,086

70.4%

↗

• (＋) "My Hero Academia" drove overall performance.
• (＋) "Haikyu!!", "Frieren: Beyond Journey's End", "JUJUTSU KAISEN",
and "The Apothecary Diaries" showed firm peroformance.

Character license

1,621

1,688

67

4.1%

↗

• (＋) "Haikyu!!: The Dumpster Battle" and "JUJUTSU KAISEN" werestrong.
• (－) "My Hero Academia" enjoyed strong sales in the previous fiscal year.

Merchandise sales

859

1,463

604

70.3%

↗

• (＋) Sales of character goods for "Haikyu!!" and "JUJUTSU KAISEN"
increased.

Home entertainment

517

1,133

616

119.1%↗

• (＋)"Frieren: Beyond Journey's End", "Umamusume: Pretty Derby","JUJUTSU KAISEN", and "The Apothecary Diaries" showed favorable
performance.

Theater release

1,856

4,120

2,264

122.0%↗

• (＋) "Haikyu!!: The Dumpster Battle" became a big hit.
• (－) "BLUE GIANT" enjoyed strong sales in the previous fiscal year.

Royalty and others

322

1,166

844

262.1%↗

• (＋) Royalty revenue from "JUJUTSU KAISEN""SPY x FAMILY"
contributed to the performance.

Total

8,139

14,621

6,482

79.6%

↗

FY2/24Mar.-May

FY2/25Mar.-May

Japan

5,525

Overseas

2,613

PercentagechangeYoY

Major factors of changes

YoY

Percentagechange12,4756,950

125.8%

↗

85.3%

2,145

▲ 468

-17.9%↘

14.7%

Composition ratio*This material was voluntarily prepared from the viewpoint of enhancing information on the animation business, and may not be consistent with the figures in other financial materials.

(Ref.)
Theatrical plays

1,054

ー

▲ 1,054ー• (－) "SPY x FAMILY" was made into a musical for the first time at theImperial Theatre in the previous fiscal year.
• (－) No performances in the current term(Million yen)10

Operating Results by Segment [Theatrical business]
営業利益
OperatingprofitOperatingrevenue
営業収入
5,385

5,246

1,212

4,561

1,009
737

FY2/23 (Mar. - May 2022)
2023年2月期（2022年3月～5月）

FY2/24 (Mar. - May 2023)
2024年2月期（2023年3月～5月）

FY2/25 (Mar. - May 2024)
2025年2月期（2024年3月～5月）

FY2/23 (Mar. - May 2022)
2023年2月期（2022年3月～5月）

FY2/24 (Mar. - May 2023)
2024年2月期（2023年3月～5月）

FY2/25 (Mar. - May 2024)
2025年2月期（2024年3月～5月）(Million yen)
(単位：百万円）

Performance Analysis(Change Factors)
業績分析（増減要因）◼

At the Imperial Theatre, "Spirited Away" (March) and "Endless SHOCK (Endless SHOCK/ Endless SHOCK Eternal" (April-May) were performed as partof the "Imperial Theatre Closing Lineup" in preparation for the closure of the theater in February 2025, and all seats were sold.
At the Theatre Creation, "The Bones and Scorn" (March), "The World of Machida-kun" (March-April), "CROSS ROAD" (April-May), and "Navillera"(May) were performed with great success.
At the Nissay Theatre, "The King and I" (April) and "Musical In This Corner of the World" (May) were performed.

◼

TOHO ENTERTAINMENT CO., LTD. performed well, as it successfully cast actors, such as Masami Nagasawa, Minami Hamabe, Mone Kamishiraishi,
and Moka Kamishiraishi, for various TV commercials.

◼

In the Theatrical business, overall performance remained strong, particularly at the Imperial Theatre and Theatre Creation. However, sales and profits
declined due to the absence of regional tours of "SPY x FAMILY" and "Kingdom," which had high seat occupancy rates in the previous fiscal year.
11

Operating Results by Segment [Real Estate business]
営業利益profit
Operating

営業収入
Operatingrevenue
20,39017,477

17,535

2023年2月期（2022年3月～5月）
FY2/23 (Mar. - May 2022)

2024年2月期（2023年3月～5月）
FY2/24(Mar. - May 2023)

2025年2月期（2024年3月～5月）
FY2/25(Mar. - May 2024)

5,193

5,160

2023年2月期（2022年3月～5月）
FY2/23 (Mar. - May 2022)

FY2/24 (Mar. - May 2023)
2024年2月期（2023年3月～5月）

4,739

2025年2月期（2024年3月～5月）
FY2/25 (Mar. - May 2024)(Million yen)
(単位：百万円）

Performance Analysis(Change Factors)
業績分析（増減要因）◼ In the Lease of Land and Buildings business, our nationwide leased properties are operating steadily. Sales increased due to the contributions fromTOKYO RAKUTENCHI Co., Ltd., which became our subsidiary at the end of the previous fiscal year, and the strong performance of new properties
including the TOHO Hibiya Promenade Bldg. completed in February last year. However, profits declined due to increased expenses for large-scale
repairs.
◼ In the Road business, amid robust public works spending, we worked to win new orders and receive additional orders for existing projects throughaggressive sales activities such as technical proposals. However, profits declined due to a decline in the number of highly profitable constructions and arise in labor and materials and equipment prices.
◼ In the Building Maintenance business, sales and profits increased, since Toho Building Management Co., Ltd. and Toho Facilities Co., Ltd. worked to win
new orders, revise contract prices, and made efforts to reduce expenses.
12Business and Dividend Forecasts for the Current Fiscal Year(*There is no revision to the most recently announced
business forecasts.)◼ FY2/25 Consolidated Business Forecasts (March 1, 2024 - February 28, 2025)

Million yen

Million yen

Million yen

Profit attributable toowners of parent
Million yen

280,000

55,00057,00039,000227.18283,347

59,251

63,02445,283259.51

Operating revenue

FY2/25 (Forecast)(Ref.)
FY2/24 Result

Operating profit

Ordinary profit

Basic earnings
per shareYen◼ FY2/25 Dividend Forecasts (*There is no revision to the most recently announced dividend forecast.)
End-Q1End-Q2End-Q3Year-end

Total

Yen

Yen

Yen

Yen

Yen

FY2/25 (Forecast)

―

35.00

―

35.00

70.00

(Ref.)
FY2/24 Result

―

20.00

―

65.00

85.00

Medium-Term Management Plan 2025 has set a dividend payout ratio of 30% or more, and based on this policy, the annual
dividend for FY2/25 is expected to be 70 yen (35 yen for H1 and 35 yen for H2).

13

Appendix

14

Upcoming Films Distributed by TOHO for the Current Fiscal Year
Release date

Title

Release date

Title

Mar. 1

Doraemon the Movie: Nobita's Earth SymphonyAug. 23

LAST MILE

Mar. 8

Shimajiro and the Island of Rainbow Carnations

Aug. 30

THE COLORS WITHIN

Mar. 15

The Floor Plan

Sep. 13ALL ABOUT SUOMI

Mar. 22

April Come She Will

Sep. 20

WHO’S GONE

Apr. 12

Detective Conan:The Million-dollar Pentagram

Oct. 4

FURERU

Apr. 26

Godzilla x Kong: The New Empire

Oct. 11

MUROI SHINJI NOT DEFEATED（Tentative Title）

May 24

Umamusume: Pretty Derby – Beginning of a New Era

Oct. 25

ACMA:GAME THE MOVIE (working title)

May 31

Teasing Master Takagi-san

Nov. 1

Stolen Identity Final

Jun. 14

Dear Family

Nov. 15

MUROI SHINJI STAY ALIVE（Tentative Title）

Jun. 21

Hey Handsome!!

Nov. 22

6 Lying University Students

Jun. 28

GEMNIBUS vol.1

Dec. 6

Doctor X the movie（Tentative Title）

Jul. 12

KINGDOM: Return of The Great General

Dec. 13

The Supernatural Sweet Shop（Tentative Title）

Jul. 19

GHOST CAT ANZU

Dec. 20

SAINT YOUNG MEN THE MOVIE

Jul. 26

What if SHOGUN IeyasuTokugawa was to become
the Prime Minister2024 WinterGrand Maison Paris（Tentative Title）

Aug. 2My Hero Academia:You're Next

2024

PUI PUI MOLCAR（Tentative Title）

Aug. 9Crayon Shinchan the Movie: OurDinosaur Diary

Jan. 10, 2025

Solitary Gourmet

Aug. 16

TOUKEN RANBU KAI DOUDEN

2025 Spring

The Rose of Versailles

2025

Trillion Game THE MOVIE（Tentative Title）

15

(Ref.) Upcoming Film Posters

Jul. 19

Jul. 26

Sep. 20

Oct. 4

Dec. 202024 WinterAug. 2

Oct. 25

2024

Aug. 16

Aug. 9Oct. 11

Jan. 10, 2025

Nov.152025 Spring

Aug. 23

Nov. 222025

Aug. 30

Sep. 13

Dec. 6

Dec. 13

Jul. 19

16

Animation and Game Lineups
Currently Airing"Bucchigiri?!"Jan.-Apr.
Produced by: MAPPA"Spice and Wolf:
merchant meets the wise
wolf "
From Apr.

Scheduled to be broadcast/distributed"TOUKEN RANBU KAIKYODEN"
Apr.-May"BARTENDER Glass of God"
Apr.-Jun.
Produced by: Liber

Produced by: domerica"Sakuna: Of Rice and
Ruin"
From Jul. 2024

"Puniru Is a Cute Slime(Tentative Title)"
From Oct. 2024

Produced by: P.A.WORKS

Produced by: TOHO animation
STUDIO

Produced by: Passione"Mushoku Tensei:
Jobless Reincarnation Season 2"
Apr.-Jun.
3rd season to be produced
Produced by: StudioBind

Game titles
currently
distributed"Kaiju No.8"
Apr.-Jun.
Sequel to be produced"My Hero Academia“
7th season
From May

Produced by: Production I.G
Kaiju Design&Works：
khara

Produced by: Bones"JUJUTSU KAISEN
phantom parade"
For smartphones and PCs
Planning and production: Samzap Inc.
and TOHO CO.,LTD
Development and operation: Samzap Inc.

"Dr.STONESCIENCE FUTURE"
Production decided
Produced by: TMS ENTERTAINMENT

Game titles
scheduledfor
distribution"BEASTARSFINAL SEASON"
Part1
From Dec. 2024
Exclusive distribution on Netflix
Produced by: Orange"Dorohedoro""JUJUTSU KAISEN Culling Game
Sequel production decided（Tentative Title）"
as a digital distribution
Production decided
Produced by: MAPPA"The Apothecary
Diaries“
2nd season to bebroadcast in 2025
Produced by: TOHO animation
STUDIO× OLM"TRIGUN STARGAZE"
Production decided
Produced by: Orange

Produced by: MAPPA"Kaiju No.8 THE GAME
(tentative title)"
For smartphones and PC
Planning and production: Akatsuki Games Inc. and TOHOCO.,LTD
Production I.G. Inc.
Development and operation: Akatsuki Games Inc.
Advertising cooperation: TOHO CO.,LTD, Production I.G. Inc.

17

TOHO Animation: Series Count
Launch new TV animations and create new series to accumulate IP rights as our revenue sourceand extend the life of content, leading to a continuous and stable business model.
(Ref.) Major titles started in the current fiscal year
(Number of seasons)

140

120

100

80

60

40

20

0
Number of seasons
Cumulative numbers

FY2/14

FY2/15

FY2/16

FY2/17

FY2/18

FY2/19FY2/20FY2/21

FY2/22

FY2/23

FY2/24

8

10

7

7

13

8

14

6

6

9

14

FY2/25
13

8

18

25

32

45

53

67

73

79

88

102

18

TOHO Animation: Revenue by Sales Source andSales Composition in Japan and Overseas

Revenue from diversified use is growing, and overseas revenue is also growing steadily.
Animation Business: Sales Composition in
Japan and Overseas

Animation Business: Revenue by Sales Source

40%(100 million yen)(100 million yen)

450

Royalty and others

450

34.8%

Theatrical performance

400

Royalty and others

Overseas

Overseas

30%

350

Theater
releaseHome
entertainment

300

25%

300

Merchandise
sales

250

Home
entertainment

20%

CharacterlicenseOverseas

200

15%Merchandise
sales

150

0

Theater
releaseHome
entertainment

Merchandise
sales

50

250

Royalty and others

200

100

35%

400
Theater
release

350

34.1%

150

14.1%

CharacterlicenseCharacterlicense10%
Digitaldistribution

Digitaldistribution

Digitaldistribution

FY2/22

FY2/23

Digital distribution

Character license

Merchandise sales

Theater release

Theatrical performance

Royalty and others

100

Japan

Japan

Japan

5%

50

FY2/24Home entertainment

0FY2/22

FY2/23Japan

FY2/240%Overseas

19

TO H O An i m a t i o n : R o ya l t y R e ve n u e f r o m
Digital Distribution and Character Licenses

Royalty revenue from digital distribution and character licenses drove strong growth in the
Animation Business.
Revenue from Digital Distribution

Revenue from Character Licenses(100 million yen)(100 million yen)

120

120

100

100

80

80

60

60

40

40

20

20

0

Japan
FY2/22

Overseas
FY2/23

FY2/240Japan
FY2/22

Overseas
FY2/23

FY2/2420

Upcoming Theatrical Plays
The "Imperial Theatre Closing Lineups" are now being performed in preparation for the theater’s
temporary closure in February 2025.

Imperial Theatre
Mar. 2024

Apr.-May

Jun.-Aug.

Aug.-Sep.

Oct.

Nov.

Dec. 2024-Feb. 2025

Feb. 2025

21

Upcoming Theatrical Plays
Theatre Creation
Feb.-Mar.

May-Jun.

Apr.-May

Mar.-Apr.

Sep.

Jul.

Jun.-Jul.

Non-TOHO Theaters

Aug.

Aug.-Sep.

NissayTheatreNissayTheatreTHEATRE1010
Yomiuri Otemachi
Hall

NissayTheatreNissayTheatreTOKYU
THEATRE Orb

Apr.

May

Sep.-Oct.

Oct.

Dec.

Jan.-Feb. 2025

Oct.

Nov.

Dec.

Feb.-Mar. 2025

22

Real Estate Portfolio
Major properties we own

Purpose[Tokyo]TOHO Hibiya Bldg.

Office, Commercial facility

TOHO Hibiya Promenade Bldg.

Office, Commercial facility

Tokyo Takarazuka Bldg.

Office, Theater, Movie theater

TEIGEKI BLDG.

Office, Theater

Toho Theatre Creation Bldg.

Hotel, Theater

Yurakucho Center Bldg. (YURAKUCHOMULLION)

Commercial facility

SHIBUYA AXSH

Office, Commercial facility

SHINJUKU TOHO BLDG.

Hotel, Commercial facility,
Movie theater

TOHO STUDIOS

StudioPortfolio of properties ownedby the Company (% of leased area)(As of February 29, 2024)[Osaka]HEP NAVIO

Commercial facility, Movie
theater

TOHO Nangai Bldg.

Commercial facility, Movie
theater

ANGEL Bldg.

Commercial facility

Studio6%

Warehouse
2%

Housing9%Commercial facility
34%
Movie
Theater/Theater
10%

Hotel
22%

Approx. 130
properties
nationwide

Office17%[Nagoya]

Redevelop owned properties nationwide to maximize real estate value.
"Promoting new acquisitions and development" as set forth in the Medium-Term Management Plan 2025 iscarefully judged in light of market conditions and other factors.
23

Results of M&A Deals in the Medium-Term Management Plan 2025
Accelerate growth strategy through active M&A based on the Medium-Term
Management Plan 2025.
2023
SeptemberAugustMarchTOHO Tombo Pictures, Inc.

GAIE Co., Ltd

DecemberNovemberEishin Kogei Co., Ltd.

Production work related to all aspects of film
production in Japan for overseas film studios

Digital promotion, public relations, advertisingdevelopment, and website production for films andother media

Manufacture of metal stage sets anddecorative hardware for concerts andeventsNew company

Subsidiary

Subsidiary

IGLOO STUDIO CO., LTD.
Anime production studio in Thailand

Affiliated company

CJ ENM FIFTH SEASON LLC
Planning, producing, and distributing
dramas, TV programs, movies, anddocumentaries to online platforms.
A company in the United States that distributes andsells its own and other company's works

Affiliated company

2024
January

JuneTOKYO RAKUTENCHI Co., Ltd.

June

DRAGONFRY ENTERTAINMENT, INC.
Science SARU, Inc.

Lease of Land and Buildings-related business,entertainment services-related business, and foodservices and sales business

Production of animation works and its related
licencing, merchandising planning, and sales

Subsidiary

Subsidiary

Overall video production operations, casting
operations, etc.

Subsidiary24

当期の業績及び配当予想
Financial Indicators
Maintained ROE 8% or higher, which is the financial KPI of Medium-Term Management Plan 2025.
Equity ratio is on a gradual downward trend due to aggressive enhancement of shareholder returns.

ROE

Operating
営業利益率
profit margin

Equityratio
自己資本比率

79.3

76.1

77.2

(Unit: ％)

78.7

76.7

76.6
74.5

74.4
72.6

21.5

17.7
9.3

11.2

19.6

10.3

18.2

8.7

20.1

10.0

17.4

18.3

7.7

8.3

11.6

20.9

10.4

3.9

2016年2月期

FY2/16

Net assets: ¥294.4 bn

2017年2月期

2018年2月期

2019年2月期

2020年2月期

2021年2月期

2022年2月期

2023年2月期

2024年2月期¥320.4 bn¥349.9 bn¥365.9 bn¥388.2 bn¥389.0 bn¥409.1 bn¥423.6 bn¥484.7 bn

FY2/17

FY2/18

FY2/19FY2/20FY2/21

FY2/22

FY2/23

FY2/2425

Shareholder Returns (Dividends, etc.)
Basic policy: Dividend payout ratio of 30% or more
Annual dividends of 70 yen per share are planned for the current fiscal year based on
forecast for profit.
Profit(100 million yen)
当期純利益（億円）(100 million yen)

Dividend per share (yen)一株当たり配当額(円）Dividend
payout ratio (%)
配当性向(%)

(Yen)

85

500

90
80

70

400

70

60
55

60

300

45

45

45

45

50

42.4％
40
200

30
35

100

21.4％

24.6％

24.2％

26.8％

27.0％

31.5％

32.8％

31.4％

30

26.9％
20
10

258

332

335

301

366

146

295

334

452

390

2016年

2017年

2018年

2019年

2020年

2021年

2022年

2023年

2024年

FY2/162月期

FY2/172月期

FY2/182月期

FY2/192月期

FY2/20
2月期

FY2/21
2月期

FY2/222月期

FY2/232月期

FY2/242月期

2025年
FY2/2500
2月期（予）(Forecast)

26

Shareholder Returns (Dividends + Share Buybacks)
Implemented flexible share buybacks based on the shareholder return policy stated in the Medium-Term
Management Plan 2025.
Acquisition exceeding 20 billion yen completed in April of this year.
Share buybacks between April and May 2024
Acquired: 4,000,000 shares (2.14% of issued shares)
Total amount: 20,045 million yen
Total amount of
配当総額
dividends

Treasury
stock
自己株式

Total dividend

総還元性向
payout ratio(100 million yen)

350
89.2%
82.8%

300

250
61.9%
200

150

Approx. 60
billion yen of
M&A as growthinvestment

200.4

49.7%

46.4%

34.7%

33.7%
83.3

100

29.5%
35.4
8.1

31.6
50

1

68.6

101.8

57.6

0.9

32.9%

27.1%

148.6

98.9

105.1

122.0

81.7

81.1

81.0

2016年

2017年

2018年

2019年

2020年

2021年

2022年

2023年

2024年

2025年
FY2/25

2月期

2月期

2月期

2月期

2月期

2月期

2月期

2月期

2月期

2月期（予）(Forecast)

55.2

62.2

79.6

0

FY2/16

FY2/17

FY2/18

FY2/19FY2/20FY2/21

FY2/22

FY2/23

FY2/2427

Inquiries about these materials
IR Office, General Affairs Dept., TOHO CO., LTD.
Mail: pr_ir@toho.co.jp
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 reproduced or duplicated in any form or by anymeans without permission.

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Original production:Vereinigte Bühnen Wien GmbH Worldwide Stage
Rights:VBW International GmbH
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LIMELIGHT ©Roy Export S.A.S All Rights Reserved.Charlie Chaplin is atrademark and/or service mark of Bubbles Inc. SA and/or Roy Export S.A.S
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28