Toei Animation (4816) Q4 2025 earnings summary

Executive summary

• Achieved record net sales and profits for FY2025.3, driven by strong licensing, overseas streaming rights, and favorable currency effects.

• Operating profit margin rebounded to FY2023 levels due to high-margin streaming and licensing, and absence of prior year losses.

• Comprehensive income increased to ¥27,829 million from ¥23,501 million year-over-year.

Financial highlights

• Net sales rose 13.7% year-over-year to ¥100,836 million; operating profit up 38.8% to ¥32,432 million; net profit up 25.7% to ¥23,623 million.

• Gross profit increased 29.3% year-over-year; ordinary profit up 25.5%.

• Q4 net sales grew 30.6% year-over-year; Q4 net profit up 59.8%.

• Basic earnings per share increased to ¥115.52 from ¥91.93 year-over-year.

• Cash and cash equivalents at period end were ¥66,782 million, up from ¥52,102 million.

Outlook and guidance

• FY2026.3 estimates project net sales of ¥88,000 million (down 12.7%), operating income of ¥16,200–26,000 million, and net income of ¥19,100 million (down 19.1%).

• Basic earnings per share forecast for FY2026 is ¥93.40.

• Licensing and overseas film revenues expected to decrease, while sales of goods and "Others" segments are forecast to grow modestly.

• Plans to maintain or increase dividends, with a minimum payout matching FY2025.3's 41 yen per share.