Consolidated Financial Results for FY2/24(March 1, 2023 – February 29, 2024)

Financial Results Presentation

Monday, April 15, 2024

© 2024 Legendary and Warner Bros. Entertainment Inc. All Rights Reserved.

Overview of Operating Results for FY2/24

FY2/23

FY2/24(Mar. 2022 - Feb. 2023)(Mar. 2023 - Feb. 2024)

Operating revenue¥244,295 million

Operating profit

YoY

Percentagechanges¥283,347 million¥39,052 million

16.0%¥44,880 million¥59,251 million¥14,371 million

32.0%

Ordinary profit¥47,815 million¥63,024 million¥15,209 million

31.8%

Profit attributable to owners ofparent¥33,430 million¥45,283 million¥11,852 million

35.5%

1

Overview of Operating Results for FY2/24[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 the next three years outlined inthe "Medium-Term Management Plan 2025." We remain committed to working towards sustainable growth and enhancing ourcorporate value in the medium to long term.
In the fiscal year under review, we achieved the numerical targets set out in the Medium-Term Management Plan 2025. The targets
are "Record high operating income of 52.8 billion yen" and "ROE (return on equity) of 8% or more".

[Overview of the Q4 Operating Results]
In the Production and Distribution business, sales and profits increased thanks to some big hits such as “GODZILLA MINUS ONE”,
which has been distributed since Q3 and is a blockbuster not only in Japan but also in North America, as well as “SPY x FAMILY
CODE: White” and “Haikyu! The Dumpster Battle”.
In the Movie Theater Chain business, sales and profits increased driven by the success of the above-mentioned films distributed by
us and "あの花が咲く丘で、君とまた出会えたら。".
In the Production and Licensing business, TOHO animation works such as "SPY×FAMILY," "JUJUTSU KAISEN," "My Hero
Academia" and "Haikyu!!" and others performed well thanks to divergent developments including video distribution, merchandisingrights, and packaging sales. This growth resulted in significant increases in sales and profit, driving the Company's overall
performance.
In the Cinema business as a whole, we achieved growth in sales and profits YoY thanks to the factors mentioned above.
In the Theatrical business, sales and profits increased thanks to the strong performance of "Act ONE" at the Imperial Theatre,"VOICARION XVII～The Spoon～" at the Theatre Creation, and "Beethoven's Secret" at the Nissay Theatre, and other works.
In the Real Estate business, sales and profits increased due to the successful operation of new properties, including “TOHO HIBIYAPROMENADE BUILDING,” despite increased depreciation and other expenses.
As a result of the above, operating revenue, operating profit, ordinary profit, and profit attributable to owners of parent increased,recording all-time highs at each item.
2

Trends in Consolidated Performance
Achieved the target of “Record high operating income of 52.8 billion yen” set in the“Medium-Term Management Plan 2025” formulated in April 2022, in its second year.

Trends in Operating revenue/Operating profit/Profit
3,000

Operating revenue

Operating profit(100 million yen)

2,833

Profit

800

2,627

2,294

2,335

2,426

2,462

2,442

2,069

528

2,000

592

2,283

502

1,919

475

449

448

407

452

399
400

366
332

317
1,000

600

335

334
301

295

258

224

224

200

146
Medium-Term Management
Plan 2025

0

FY2/15

FY2/16

FY2/17

FY2/18

FY2/19FY2/20FY2/21

FY2/22

FY2/23

FY2/240

3Trends in KPIs(%)

Achieved the target of “ROE (return on equity) of 8% or more” set in the “Medium-Term
Management Plan 2025” formulated in April 2022, in its second year.

14

Changes in ROE (Return on Equity)

12

11.2

10.4
10.3

10

10.0

9.3

8.3

8.7

8.6

7.7

8

6

4

3.9
2
Medium-Term Management
Plan 2025

0ProfitFY2/15

FY2/16

FY2/17

FY2/18

FY2/19FY2/20FY2/21

FY2/22

FY2/23

FY2/24

224

258

332

335

301

366

146

295

334

452
(100 million yen)4Operating Results by Segment
Operating revenue

Operating profit

FY2/23

FY2/24

FY2/23

FY2/24(i) Cinema business

158,015

192,79422.0%

29,07544,70953.8%

Production andDistribution

40,90346,505

13.7%

13,532

17,908

32.3%

Movie Theater Chain

71,05478,440

10.4%

7,394

11,08349.9%

Production andLicensing

46,05867,849

47.3%

8,148

15,71792.9%(ii) Theatrical business

18,202

20,153

10.7%

2,774

3,115

12.3%

(iii) Real Estatebusiness

66,913

69,142

3.3%

17,572

17,6100.2%

Lease of Land andBuildings

28,022

29,387

4.9%

11,554

11,5880.3%

Road28,907

29,245

1.2%

5,092

4,900

-3.8%

Building Maintenance

9,983

10,509

5.3%

926

1,122

21.1%

(iv) Other business

1,163

1,256

8.0%

130

174

33.3%

Percentage
Percentagechangeschanges(Mar. 2022 - Feb. 2023) (Mar. 2023 - Feb. 2024)(Mar. 2022 - Feb. 2023) (Mar. 2023 - Feb. 2024)(Million yen)5Quarterly Operating Results by Segment

Operating revenue
Q1

Q2

Q3

Operating profit
Q4(Mar. – May 2024) (Jun. – Aug. 2023) (Sep. – Nov. 2023)

Q1(Dec. 2023 –Feb. 2024)

Q2

Q3

Q4

(Mar. – May 2024) (Jun. – Aug. 2023) (Sep. – Nov. 2023)(Dec. 2023 –Feb. 2024)(i) Cinema business

50,92543,946

41,39056,532

13,155

9,676

6,849

15,028

Production andDistribution

13,85910,615

8,723

13,306

5,798

3,812

2,057

6,240

Movie Theater Chain

23,207

21,30914,43919,483

4,668

3,445

971

1,996

Production andLicensing

13,85912,021

18,22623,741

2,688

2,417

3,819

6,791

(ii) Theatricalbusiness

5,385

4,321

4,800

5,645

1,212

52

991

859

(iii) Real Estatebusiness

17,535

16,927

16,93017,748

5,160

4,089

4,369

3,990

Lease of Land andBuildings

7,269

7,261

7,386

7,469

3,302

2,729

2,809

2,746

Road

7,768

6,922

6,948

7,606

1,632

1,008

1,301

956

Building Maintenance

2,498

2,743

2,595

2,671

225

351

257

287

(iv) Other business

305

293

336

321

51

62

77

▲ 17

74,15365,48963,45780,24718,324

12,42810,85817,640

Total(Million yen)6

Operating Results by Segment [Cinema business]
営業収入
Operatingrevenue

144,781

営業利益
Operatingprofit192,794

44,709158,015

24,8942022年2月期（2021年3月～2022年2月）
FY2/22(Mar. 2021-Feb. 2022)

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

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

2022年2月期（2021年3月～2022年2月）
FY2/22(Mar. 2021-Feb. 2022)

29,075

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

2024年2月期（2023年3月～2024年2月）
FY2/24 (Mar. 2023-Feb. 2024)(Million yen)

Performance Analysis (Factors of Increase/Decrease)◼

In the Production and Distribution business, some films became hits: "GODZILLA MINUS ONE" (Japan box office revenue: 7.13 billion yen), which continued to screen
from the third quarter; "Haikyu!!: The Dumpster Battle" (8.75 billion yen); "SPY x FAMILY CODE: White" (6.26 billion yen); "GOLDEN KAMUY" (2.92 billion yen).
"GODZILLA MINUS 1" was our first distribution in North America. Since its release on December 1, this film marked the highest box-office revenue for a Japanese liveaction film in North America in its history. The Company recorded a portion of this revenue in Q4 of the fiscal year under review.
As mentioned above, both sales and profits increased thanks to the strong performance of the domestic distribution business as well as the success of a new attempt to
distribute our films overseas.

(box office revenues are as of March 31, 2024)◼

In the Movie Theater Chain business, sales and profits increased owing to the strong performance of above-mentioned TOHO films, as well as “あの花が咲く丘で、君とまた出会えたら。”, “機動戦士ガンダムSEED FREEDOM”, and the effect of the revised movie ticket price from June 2023.

◼

In the Production and Licensing business, royalty revenues, including digital distribution rights and licenses for merchandise production of "SPY x FAMILY, " "JUJUTSU
KAISEN," "My Hero Academia" and others performed well. In the Home Entertainment business, sales of the second "JUJUTSU KAISEN" TV series were robust. In the
Publishing and Merchandising business, sales of movie booklets and character products of "Haikyu!!: The Dumpster Battle" and "GODZILLA MINUS ONE" were strong.
In the Game Business, sales of TOHO Games titled "JUJUTSU KAISEN Phantom Parade" were strong. In the Production and Licensing as a whole, both sales andprofits increased substantially, driving overall performance.

7

Major Works Operated in the Fiscal Year Under Review
Works distributed by Toho Co., Ltd. (over ¥1 billion box office revenue)
Title

Releasedate

Box
officerevenue

Title

Releasedate

Box
officerevenue

DETECTIVE CONAN Black Iron Submarine

Apr. 14138.8

GOLDEN KAMUYJan. 19

29.2

The Boy and the Heron

Jul. 14

92.6

Mar. 17

28.0

Haikyu!!: The Dumpster Battle

Feb. 16

87.5

Aug. 4

24.7

GODZILLA MINUS ONE／C

Nov. 3

71.3

Jun. 221.5

SPY x FAMILY CODE: White

Dec. 22

62.6

Feb. 2

21.5

KINGDOM: The Flame of Destiny

Jul. 28

56.0

As Long as We Both Shall LiveNew Dimension! Crayon Shinchan the Movie:
Battle of Supernatural Powers ~Flying Sushi~
MONSTER
Demon Slayer: Kimetsu no Yaiba-To the HashiraTrainingTHE SILENT SERVICE

Sep. 29

13.7

Don't Call it Mystery
TOKYO MER: Mobile Emergency Room - THE
MOVIE
Doraemon the Movie: Nobita’s Sky Utopia

Sep. 15

48.0

AnalogOct. 6

12.2

Apr. 28

45.3

KUBI

Nov. 23

11.6

Mar. 3

43.4

Works distributed by TOHO-TOWA CO., LTD. and others (over ¥1 billion box office revenue)

Title

Release date

Box officerevenue

The Super Mario Bros. Movie

Apr. 28

140.2

Mission: Impossible- Dead Reckoning Part One

Jul. 21

54.4

Fast X

May. 1938.2

Transformers: Rise of the Beasts

Aug. 4

12.9(The box office revenue is as of the end of
March 2024/100 million yen)8

Changes in the Production and Distribution Business/
Movie Theater Chain Business in the Fiscal Year Under Review
Changes in box-office revenue of the Production and Distribution business

Mar
Apr
May
Q1
Jun
Jul
Aug
Q2
Sep
Oct
Nov
Q3
Dec
Jan
Feb
Q4
Full year(Million yen)

FY2/23

FY2/24

YoY

4,404
7,382
8,719
20,506
2,616
4,161
4,150
10,928
3,302
2,640
7,239
13,182
7,451
5,911
5,078
18,441
63,0596,547
11,3888,767
26,703
3,182
6,867
9,148
19,197
5,070
4,689
5,175
14,935
5,631
6,211
9,137
20,98081,817148.7%
154.3%
100.6%
130.2%
121.6%
165.0%
220.4%
175.7%
153.5%
177.6%
71.5%
113.3%
75.6%
105.1%
179.9%
113.8%
129.7%

Note: The box-office revenue from works distributed by Distribution Department, Toho Co., Ltd.

100 million
億円 yenMonthly box-office revenues compared with the previous
two fiscal 映画営業部門
years in the Production
and Distribution business (fiscal years)
月間興行収入の過去2年との比較
2022年2月期
2023年2月期 2024年2月期
FY2/22
FY2/23
FY2/24

Changes in box-office revenue of the Production and Distribution business

Mar
Apr
May
Q1
Jun
Jul
Aug
Q2
Sep
Oct
Nov
Q3
Dec
Jan
Feb
Q4
Full year(Million yen)

FY2/23

FY2/24

YoY

4,494
5,203
6,004
15,702
5,092
5,949
7,871
18,914
4,650
3,683
4,630
12,964
6,399
4,870
4,734
16,00463,584

4,896
7,374
8,133
20,404
5,864
6,395
6,624
18,884
4,952
3,911
3,740
12,604
5,586
5,351
5,569
16,506
68,400108.9%
141.7%
135.5%
129.9%
115.2%
107.5%
84.2%
99.8%
106.5%
106.2%
80.8%
97.2%
87.3%
109.9%
117.6%
103.1%
107.6%

Note: The box-office revenue from works screened by TOHO Cinemas Ltd. andothers across Japan (including works distributed by Toho Co., Ltd.)

100 億円million yen

Monthly box-office revenues compared with the previous
映画興行部門
月間興行収入の過去2年との比較
two fiscal years
in the Production
and Distribution business (fiscal years)

2022年2月期
FY2/22

2023年2月期
FY2/232024年2月期
FY2/24120

Box-office revenue

Box-office revenue
興
行
収
入

100

興
行
収
入

80
60
40

80
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

Jun
1月

Feb
2月

Mar
3月

4月
Apr

5月
May

6月
Jun

7月
Jul

8月
Aug

9月
Sep

Oct
10月

Nov
11月

Dec
12月

1月
Jun

2月
Feb

9

Works to be Released in FY2/25 (As of April 15)
Works distributed by Toho Co., Ltd.
Title

Release date

Title

Release date

Doraemon the Movie: Nobita’s Earth SymphonyMar. 1

GHOST CAT ANZUIn Jul. (planned)

Shimajiro and the Island of Rainbow Carnations

Mar. 8My Hero Academia:You're Next(Tentative Title)

Aug. 2The Floor Plan

Mar. 15

Crayon Shinchan the Movie: OurDinosaur Diary

Aug. 9April Come She Will

Mar. 22Your Color(Tentative Title)

Aug. 30

Detective Conan:The Million-dollar Pentagram

Apr. 12LAST MILE

SummerGodzilla x Kong: The NewEmpire

Apr. 26

ALL ABOUT SUOMI

Sep. 13

Umamusume: Pretty Derby – Beginning of a New
Era(Tentative Title)

May 246 Lying UniversityStudents

Nov. 22

Teasing Master Takagi-san

May 31

FURERU

AutumnDear Family

Jun. 14Stolen Identity Final

AutumnHey Handsome!!(Tentative Title)

Jun. 21

踊るプロジェクト映画最新作

AutumnKingdom 4(Tentative Title)

Jul. 12

PUI PUI MOLCAR(Tentative Title)

In 2024 (planned)

What if SHOGUN IeyasuTokugawa was to become
thePrime Minister(Tentative Title)

Jul. 26

The Supernatural Sweet Shop(Tentative Title)

In 2024 (planned)

Works distributed by TOHO-TOWA CO.,LTD. and others
Title

Release date

Title

Release date

ArgylleMar. 1IF

Jun. 14Migration

Mar. 15

A Quiet Place: Day One

Jun. 28

Bob Marley: One LoveMay 17

Despicable Me 4

Jul. 19

Night Swim

Jun. 7

The Fall Guy

Aug. 1610

Management Strategy and TOHO animation
The Group positions animation as a driver for future growth, and is pursuing divergent, multi-layered and long-term businessdevelopment by focusing its resources on strengthening the competitiveness of its own brands in order to make theanimation business the "Fourth Pillar."—Topics for Animation Business➢

Smartphone game "JUJUTSU KAISEN phantom parade" : Well received.

➢

TV animation series "Spice and Wolf: Started airing on April 1➢

TV animation series "TOUKEN RANBU KAI KYODEN": Started airing on April 2➢

TV animation series "Mushoku Tensei: Jobless Reincarnation Season 2": Started
airing on April 7➢

TV animation series "Kaiju No.8": Started airing on April 13

Future Topics≪TV animation series≫≪Theatrical movie≫➢ 7th season "My Hero Academia": Scheduled to be broadcast on May 4th➢ "My Hero Academia:You‘re Next(Tentative Title)" To be released on➢ TV animation series "Sakuna: Of Rice and Ruin" 2024: Scheduled to beAugust 2, 2024

broadcast in 2024
➢ TV animation series "Puniru Is a Cute Slime(Tentative Title)“: Production
decided➢ TV animation series "呪術廻戦 死滅回游“: Production decided➢ TV animation series "Dr.STONE SCIENCE FUTURE“: Production decided11

Situation of TOHO animation
TV anime “TOUKEN RANBU KAI KYODEN:
Moyuru Honnouji”©2024 NITRO PLUS and EXNOA LLC/“TOUKEN RANBU KAI” Production Committee

On air via TOKYO MX and BS 11 from 23:00 on Tuesday every week.
Distributed with video streaming services.
The original version is “TOUKEN RANBU ONLINE,” aka “Tourabu,” which
received considerable support after the launch in January 2015, and became afactor in causing the nationwide sword boom.
The media mix, including anime, a musical, a video game, stage plays, movies,
and a kabuki title, was successful, and TOUKEN RANBU dominated theentertainment industry.
The anime “TOUKEN RANBU KAI KYODEN: Moyuru Honnouji” is a new anime
series with its script based on the first and most popular work of the stage play
“TOUKEN RANBU.” Mr. Kenichi Suemitsu, who wrote screenplays and served
as a director for the stage plays, wrote a screenplay and served as a head
writer for this anime. The voice actors of the original game “TOUKEN RANBUONLINE” provided voice-overs for the characters of the anime.
It is attracting attention as a new anime series of the big hit content, andcausing significant repercussions among anime fans as an introductory work of“TOUKEN RANBU.”

TV anime “Kaiju No. 8”

TV anime: Season 7 of “My Hero
Academia”©The Defense Force’s Third Division ©Naoya Matsumoto/Shueisha©Kohei Horikoshi/Shueisha, My Hero Academia Production Committee

On air via TV Tokyo and its affiliated stations from 23:00 on Saturday
every week and being streamed via X (Twitter) around the world on areal-time basis.
Distributed with video streaming services.
Kaiju No. 8 is serialized in “Shonen Jump +” by Shueisha. This wildly
popular comic, which was created by Mr. Naoya Matsumoto and whose
cumulative circulation in Japan exceeds 13 million copies (including
digital ones), was animated by a fantastic collaborative team composedof Production I.G (“Ghost in the Shell” series, etc.) in charge ofanimation and Studio Khara (“Neon Genesis EVANGELION” series,etc.) in charge of monster design & coordination.
This anime was produced by all-star staff, including the directors
Shigeyuki Miya and Tomomi Kamiya, the character designer andgeneral artwork director Tetsuya Nishio (who designed the characters of“NARUTO“), and the monster designer Mahiro Maeda (who designed
the image of Godzilla in “Shin Godzilla”), and its opening theme wascomposed by the young rock star Yungblud, who ranked first in the UK
music chart, while its ending theme was composed by the global rockband OneRepublic, which is led by Ryan Tedder, who received the
GRAMMY Awards three times. World-class talented people got together,
causing significant repercussions around the world.

On air from 17:30 on Saturday every week from May 4 via 29 TV stations
affiliated with Yomiuri TV and Nippon Television.
Four episodes of “My Hero Academia Memories,” which is an important story
preceding season 7 with new scenes, are on air from 17:30 on Saturdays
from April 6 via 29 TV stations affiliated with Yomiuri TV and Nippon
Television.
*The latest episode will be distributed via video streaming services except insome areas.
The original work is the hugely popular manga created by Mr. Kohei
Horikoshi, which is serialized in Weekly Shonen Jump (published by
Shueisha) and boasts a circulation of a cumulative total of 100 million copies
in the world. Season 1 of the TV anime started in April 2016, and season 6
has been aired, while three theatrical versions have been released. Season
7 of the TV anime, which will depict the “final showdown,” will start on
Saturday, May 4, 2024, commemorating the 10th anniversary of the start ofthe serialization of the original manga. For the promotional video for season
7 released at “Anime Japan 2024” held in March, the opening theme“Tagatame” composed by TK from Ling tosite sigure was used, drawing
public attention in terms of music, too. In March of this year, thecollaboration with the popular theme park “Universal Studios Japan” started,and other collaborative projects are scheduled. Furthermore, on Friday,
August 2, the new theatrical version “My Hero Academia: You’re Next
(Tentative Title)” is to be released three years after the release of theprevious theatrical version. “My Hero Academia” is garnering significant
12attention and expectations from fans inside and outside Japan.

Status of TOHO Animation
FY2/24 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.
FY2/23

FY2/24

Full year

Full year

Amount ofchangeYoY

Major factors of changes

Distribution

9,354

18,433

9,079

97.1%

•(＋) "SPY x FAMILY," "JUJUTSU KAISEN" and "My Hero Academia"
showed significant growth.

Character license

6,281

7,916

1,635

26.0%

•(＋) "JUJUTSU KAISEN," "Haikyu!!" and "My Hero Academia" were strong.

Merchandise sales

1,267

3,267

2,000

157.9%•(＋) Character products of "JUJUTSU KAISEN" and "Haikyu!!" showed agrowth.

Home entertainment

2,605

2,852

247

9.5%

•(＋) "TOUKEN RANBU," "JUJUTSU KAISEN," "Onimai: I'm Now Your
Sister!" and "The Angel Next Door Spoils Me Rotten" were favorable.
•(－) "Jujutsu Kaisen: Zero" came out in the previous fiscal year.

Theater release

3,337

9,174

5,837

174.9%•(＋) "SPY x FAMILY CODE: White" and "Haikyu!!: The Dumpster Battle"
showed significant growth.
•(－) "Jujutsu Kaisen: Zero" came out in the previous fiscal year.

Theatrical play

ー

1,054

1,054

ー

Royalty and others

1,408

3,570

2,162

153.6%

Total

24,257

46,26922,012

90.7%

FY2/23

FY2/24

Full year

Full year

YoY•(＋) "SPY x FAMILY" was made into a musical for the first time at theImperial Theatre.
•(＋) Its related products were also strong.
•(＋) TOHO Games "JUJUTSU KAISEN phantom parade" was favorable.
•(＋) Royalty from "SPY×FAMILY," "TOUKEN RANBU" and "JUJUTSU
KAISEN" contributed.

Amount ofchangeComposition ratio

Japan

15,39230,50615,114

98.2%

65.9%

Overseas

8,864

15,763

6,899

77.8%

34.1%

Note: These materials were prepared on a voluntary basis from the viewpoint of enriching the disclosed information on the ani mation business and therefore the figures may differ from those in other financial results.

(Million yen)13

Operating Results by Segment [Theatrical business]
Operating
営業利益profit

Operatingrevenue
営業収入
18,202

20,15315,157

FY2/22(Mar. 2021-Feb. 2022)
2022年2月期（2021年3月～2022年2月）

2,472

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

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

FY2/22(Mar. 2021-Feb. 2022)
2022年2月期（2021年3月～2022年2月）

2,774

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

3,115

2024年2月期（2023年3月～2024年2月）
FY2/24(Mar. 2023-Feb. 2024)(Million yen)

Performance Analysis (Factors of Increase/Decrease)◼

At the Imperial Theatre, "ABC-Za Star Theatre 2023 -5 Stars Live Hours-" (December), "Act ONE" (January), and the premiere of "Musical
JOJO‘S BIZARRE ADVENTURE Phantom Blood" (February) were successful.
At the Theatre Creation, "VOICARION XVII～The Spoon～" (December), "Yuichiro & Friends -Singing! Talking! Not Dancing!-"(January), "NAOTO KAIHO CONCERT ATTENTION PLEASE! 2" (January to February) and others were performed.
At the Nissay Theatre, "Beethoven‘s Secret" (December) and "Tootsie" (January) 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, despite the cancellation of some performances, both sales and profits increased as a result of strong ticket
sales and the absence of cancellations due to performer health problems as in the previous fiscal year.
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Operating Results by Segment [Real Estate business]
Operating
営業利益profit

Operatingrevenue
営業収入
65,832

66,913

FY2/22 (Mar. 2021-Feb. 2022)
2022年2月期（2021年3月～2022年2月）

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

69,142
16,657

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

2022年2月期（2021年3月～2022年2月）
FY2/22 (Mar. 2021-Feb. 2022)

17,572

17,610FY2/23(Mar. 2022-Feb. 2023)
2023年2月期（2022年3月～2023年2月）

2024年2月期（2023年3月～2024年2月）
FY2/24(Mar. 2023-Feb. 2024)(Million yen)

Performance Analysis (Factors of Increase/Decrease)◼ In the Lease of Land and Buildings business, the nationwide rental properties owned by us are in solid operation. Sales and profits increased
driven by new properties, including the TOHO Hibiya Promenade Building completed in February last year, despite increased depreciationand other expenses for the Teigeki Building.
◼ In the Road business, amidst steady public investment, we worked to win new orders and additional orders for existing works throughaggressive sales activities for technical proposals, etc. However, a decline in profitable construction projects and higher labor and equipment
costs resulted in higher sales but lower profits.
◼ In the Building Maintenance business, sales and profits increased at TOHO BUILDING MANAGEMENT Co., Ltd. and TOHO FACILITIESCo., Ltd. due to efforts to secure new orders and reduce costs, as well as the implementation of postponed construction works.
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Dividends for the Fiscal Year Under Review◼ Contents of dividends

End-Q1
Yen

Yen

Yen

Year-end
Yen

ー

20.00

ー

40.00

60.00

Revised forecast

ー

20.00

ー

65.00

85.00

(Ref.)
FY2/23 Result

ー

20.00

ー

40.00

60.00

Previous forecast(Announced on September 26, 2023)

End-Q2End-Q3Total
Yen

Our Animation, Cinema, Theatrical, and Real Estate businesses performed at high levels, resulting in record profits in our history.
Medium-Term Management Plan 2025 has set a dividend payout ratio of at least 30%, and based on this policy, we have decided to increase
the year-end dividend per share by 25 yen to 65 yen per share for FY2/24. The annual dividend is 85 yen, with its payout ratio at 32.8%.

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Business and Dividend Forecasts for FY2/25◼ FY2/25 Consolidated Business Forecasts (March 1, 2024 - February 28, 2025)
Operating revenue

Operating profit

Ordinary profit

Profit attributable toowners of parent

Basic earnings
Per share

Million yen

Million yen

Million yen

Million yen

Million yen

FY2/25 (Forecast)

280,000

55,00057,00039,000223.50(Ref.)
FY2/24 Result

283,347

59,251

63,02445,283259.51◼ FY2/25 Dividend Forecasts
End-Q1End-Q1End-Q1Year-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).

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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.
Inquiries about these materials
IR Office, General Affairs Dept., TOHO CO., LTD.
Mail:pr_ir@toho.co.jp

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