Toei Animation (4816) Q2 2025 earnings summary

Executive summary

• Achieved record net sales and profits for the first half, driven by strong overseas streaming rights and licensing, especially for "DRAGON BALL" and "ONE PIECE"; yen depreciation also contributed.

• Net sales for the six months ended September 30, 2024, rose 6.0% year-over-year to ¥48,964 million.

• Operating profit increased 49.5% year-over-year to ¥16,993 million; ordinary profit up 23.4% to ¥17,099 million.

• Profit attributable to owners of parent grew 19.3% year-over-year to ¥12,219 million.

• Operating profit margin improved significantly due to high-margin streaming and licensing, and absence of prior year losses from "Knights of the Zodiac."

Financial highlights

• First half net sales rose 6.0% year-over-year to ¥48,964 million; gross profit up 35.0% to ¥24,280 million.

• Operating profit increased 49.5% year-over-year to ¥16,993 million; net profit up 19.3% to ¥12,219 million.

• Basic earnings per share for the period was ¥59.75, up from ¥50.09 in the prior year.

• Total assets as of September 30, 2024, were ¥173,635 million, with net assets at ¥138,189 million.

• Capital adequacy ratio stood at 79.6% as of September 30, 2024.

Outlook and guidance

• Full-year net sales forecast revised upward by 9.8% to ¥90,000 million; operating income forecast raised 35.0% to ¥27,000 million.

• Net income forecast increased 30.0% to ¥19,500 million; dividend forecast maintained.

• Basic earnings per share for the full year forecasted at ¥95.36.

• Operating profit projected at ¥27,000 million (up 15.6%), ordinary profit at ¥27,500 million (up 4.0%).

• Profit attributable to owners of parent expected to reach ¥19,500 million, up 3.7% year-over-year.