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Toho Reports Increase in Profits in 1st Half of Fiscal Year

posted on by Rafael Antonio Pineda
Company reports 188.3% increase in home video sales

Film distributor TOHO published its earnings for its current fiscal year through its second quarter (from March 1 through August 31) on October 16. The company reported consolidated sales of 139.297 billion yen (about US$1.225 billion) a 21.1% increase from the same period last year. TOHO also reported an operating profit of 32.274 billion yen (about US$283 million, 32.3% increase), and an ordinary income of 33.288 billion yen (about US$292 million, 32.9% increase). The company's net income for the period was 22.875 billion yen (about US$201 million), a 37.9% increase.

TOHO reported that its DVD and Blu-ray Disc home video sales amounted to 11.211 billion yen (about US$98 million), a 188.3% increase from the same period last year. The company released Shin Godzilla on home video on March 22, and your name. on home video on July 26.

The company's film business reported sales 98.011 billion yen (about US$862 million), a 28.5% increase from last year. The film business' operating profit is reported at 23.738 billion yen (about US$208 million), a 51.3% increase from last year.

The company's anime production business also invested in such anime as My Hero Academia, Detective Conan: The Crimson Love Letter, and Fireworks, Should We See it from the Side or the Bottom?. That business earned 5.578 billion yen (about US$49 million), a 95% increase from last year.

TOHO recorded its most profitable year ever last year, with an operating profit of 50.2 billion yen (about US$463 million) by year end. The fiscal year ending on February 28, 2017 was the third year in a row that the company set a new record in operating profits.

Source: Animation Business Journal (Tadashi Sudo)


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