News Toho Has Most Profitable Year Ever Due to 'your name.,' Shin Godzilla, More
posted on 2017-04-17 14:30 EDT by Jennifer Sherman
Film distributor TOHO published on Friday its earnings report for the fiscal year ending in February 2017. The company revealed that the company's operating profit reached a record high, due in part to the popularity of releases such as Makoto Shinkai's your name. anime film and Hideaki Anno and Shinji Higuchi's live-action Shin Godzilla film. The company earned 50.2 billion yen (about US$463 million), a 23.4% increase from the previous period. This is the third year in a row that the company has set a new record in operating profits.
The company's sales also set a record high. The company's sales totaled 233.5 billion yen (US$2.15 billion), a 1.8% increase from the previous year. TOHO managing director Nobuyuki Tako said at a press conference in Tokyo that this past fiscal year was the company's "best year."
The film your name. opened in Japan last August, and has become the fourth highest-grossing film of all time in Japan, the second highest-grossing Japanese film, and the second highest-grossing anime film. As of the end of March, the film had earned 24.8 billion yen (US$229 million) in Japan. The film is still screening in Japan.
Shin Godzilla earned 8.2 billion yen (US$75.6 million) at the box office in Japan after opening in Japan on July 29. The 56th Japan Science Fiction Convention (Nihon SF Taikai) revealed last week that both films received nominations for the 48th Seiun Awards.
Film distributor Shochiku also published its February 2017 earnings report on Friday and revealed that the company's operating profit increased 1.8% to reach 7.54 billion yen (US$69.5 million). The company's distribution of Kyoto Animation's film adaptation of Yoshitoki Ōima's A Silent Voice manga contributed to the increase.