Toho (TOHO Cinemas, Godzilla)

Retail & mixed-use property · 9602

The Japan read

From the company's own filing for Q1 (Mar–May 2026) · reported 2026-07-15 · the filing

StoresToho owns 131 properties, 61 in Tokyo, including the Toho Hibiya Building (cinema, offices, shops), Toho Hibiya Promenade Building, Tokyo Takarazuka Building and Yurakucho Center Building (Yurakucho Marion); the Teigeki Building is under joint redevelopment. Retail is 36% of its leased floor area.
JapanProperty rental revenue slipped 0.9% to ¥9.39bn and its profit fell 5.2% to ¥3.57bn, with vacancy at 0.3% at end-May. The company says it is raising rents by about 10% at the offices it owns in Hibiya over FY2/26–FY2/27. Operating profit for the whole real-estate segment fell 6.8% to ¥5.56bn.
JapanCinema admissions rose 9.4% to 12.0m and cinema revenue 14.7% to ¥25.4bn, with Detective Conan among the hits. TOHO Cinemas Oimachi (8 screens) opened in March, taking the group to 725 screens; TOHO Cinemas Nagoya Sakae opened on 11 June, and ticket prices moved to per-cinema pricing from 1 July.

Other callouts in the filing

BasisThe company says most of the profit drop is a consolidation effect: after a March demerger moved overseas licensing to TOHO Global, IP & Anime operating profit fell 91.8% to ¥0.52bn, though on its previous basis the unit grew revenue and profit.
SegmentTheatre revenue rose 15.5% to ¥5.91bn and operating profit to ¥475m from ¥70m, on productions at Theatre Creation and outside venues; film distribution revenue rose 10.2% to ¥14.3bn.
OutlookFull-year guidance is unchanged: operating revenue of ¥345.0bn (−4.3%), operating profit of ¥62.0bn (−8.7%) and net income of ¥41.0bn (−20.8%). Half-year results are scheduled for 15 October.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

Q1 (Mar–May 2026) · Year-to-Date

Reported 2026-07-15

Operating revenue¥88.7bn+4.6%

Operating profit¥13.9bn−28.3%

Net income¥8.2bn−29.1%

Toho makes and distributes films, runs 725 cinema screens including TOHO Cinemas, licenses Godzilla and anime titles, stages musicals and owns property including buildings in Hibiya and Yurakucho. In March–May 2026 operating revenue rose 4.6% to ¥88.7bn, while operating profit fell 28.3% to ¥13.9bn and net income 29.1% to ¥8.2bn.