Toho Holdings (8129) Q2 2025 earnings summary

Executive summary

• Achieved record-high operating revenue, operating profit, ordinary profit, and profit attributable to owners of parent in Q2 FY2/25, driven by strong performance in the Cinema and Animation businesses, despite a decline in the Movie Theater Chain segment.

• Major hit films and successful animation titles significantly contributed to growth.

• The company revised its full-year forecast upward, now expecting operating revenue of ¥297,000 million and operating profit of ¥62,000 million.

Financial highlights

• Operating revenue rose 17.2% year-over-year to ¥163,681 million, with operating profit up 33.0% to ¥40,915 million, and profit attributable to owners of parent up 21.8% to ¥26,485 million.

• Gross profit increased to ¥79,209 million from ¥63,672 million year-over-year.

• Basic earnings per share for the six months were ¥155.11, up from ¥124.59 a year earlier.

• Net assets decreased to ¥472,585 million, with an equity ratio of 73.0%.

• Cash and cash equivalents at period end were ¥79,604 million, down from ¥107,524 million a year earlier.

Outlook and guidance

• Full-year forecasts revised upward: operating revenue to ¥297,000 million, operating profit to ¥62,000 million, ordinary profit to ¥60,000 million, and profit attributable to owners of parent to ¥40,000 million.

• Segment guidance: Cinema business revenue to rise 0.4%, Theatrical up 7.7%, Real Estate up 16.3%, and Other up 3.4% year-over-year.

• Dividend payout ratio policy of 30% or more maintained, with annual dividends of ¥70 per share planned.