Announcement • 7h
Akatsuki Games Inc. Launches Main Story Chapter 12 X-OVER And Debuts New Character In Kaiju No. 8 The Game KAIJU NO. 8 THE GAME, co-produced by Akatsuki Games, TOHO, and Production I.G, launched Main Story Chapter 12: "X-OVER." The update marks the long-awaited debut of ?5 [Sky-Piercing Bolt] Gen Narumi in a custom CLOZER suit. Players can earn up to 1,500 Dimensional Crystals through the New Chapter Event while playing through a story that puts the First Division's pride to the test. Main Story Chapter 12: X-OVER is now available. The update introduces the final battle against humanity's greatest threat—Dimensional Identified Kaiju A—looming on the horizon. CLOZER proposes a large-scale expedition to concentrate global defense forces in New York. The plan hits a sudden roadblock when the operation's prime asset, First Division Captain Gen Narumi, refuses to take part. Stung by their own lack of power, Rin Shinonome and the rest of the First Division vow to defend the nation without their strongest captain. As Shinonome searches for a way to bridge the gap, the genius scientist Suited offers a solution: the X-OVER Suit, a new model still in development. With the First Division's pride on the line against an overwhelming foe, the stage is set for a shocking turn of events. Players can progress through Main Story Chapter 12 and challenge the score battles to earn rewards up to 1,500 Dimensional Crystals. ?5 [Sky-Piercing Bolt] Gen Narumi joins the battle in this update. Narumi takes the field in a custom-calibrated CLOZER suit. Developed alongside it is D-Numbers Weapon 1, which, like Rt-0001, takes the form of contact lenses. The lenses amplify the electrical signals running through his body, which he then discharges through his gauntlet. [Sky-Piercing Bolt] Gen Narumi (Optimal weapon type: Gunsword). New ?5 Weapon: GS-Aremihc (Gunsword). Announcement • May 23
Akatsuki Games Inc., Toho Co., Ltd., Production I.G, Inc. Announce Debut of New ?5 Character Soichiro Hoshina in Kaiju No. 8 the Game Akatsuki Games Inc., TOHO CO., LTD., Production I.G, Inc. announced the highly anticipated debut of ?5 [Keystone of Western Japan] Soichiro Hoshina. As the elder brother of Soshiro Hoshina, Soichiro joins the playable roster as a formidable master of both sword-slay techniques and precision firearms. His arrival is marked by the new Special Event, "Whirlwind from the West," where players can experience a brand-new story and earn over 1,500 Dimensional Crystals through missions and challenges. Soichiro Hoshina—Captain of the Japan Defense Force's Sixth Division and older brother to Soshiro Hoshina—has arrived in western Tokyo to observe a newly emerged Dimensional Gate in the Third Division's jurisdiction. After coordinating with Captain Mina Ashiro, he heads straight to the heart of the Dimensional Kaiju disaster. Once on the scene, Soichiro turns the Third Division's operations upside down! The strongest in the west is here to stir up a storm in this whirlwind of a special event! In this Special Event, you can earn: · A new Home background, also featured in the story · Over 1,500 Dimensional Crystals · The event-limited ?4 Assault Rifle "AR-Egret 12" .as well as other rewards and titles! ?5 [Keystone of Western Japan] Soichiro Hoshina joins the battle in this update! Soichiro Hoshina is the Captain of the Japan Defense Force's Sixth Division and a key in the Western Japan forces, regarded in the West much like Gen Narumi is in the East. A master of the Hoshina-Style Sword-Slay Technique, he primarily wields a longsword but is also proficient with firearms. He is the older brother of Third Division Vice-Captain Soshiro Hoshina, who still resents him for "always tauntin' him 'bout bein' a wimp" when they were kids. ¦ New ?5 Character [Keystone of Western Japan] Soichiro Hoshina (Optimal weapon type: Assault Rifle) ¦ New ?5 Weapon AR-6710 (Assault Rifle). Announcement • Apr 16
Toho Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2027 Toho Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2027. For the year, the company expects operating revenue of JPY 345,000 million, operating profit of JPY 62,000 million, profit attributable to owners of parent of JPY 41,000 million and basic earnings per share of JPY 48.85. Announcement • Apr 15
Toho Co., Ltd. (TSE:9602) announces an Equity Buyback for 7,500,000 shares, for ¥13,000 million. Toho Co., Ltd. (TSE:9602) announces a share repurchase program. Under the program, the company will repurchase up to 7,500,000 shares, representing 0.89% of its share capital, for ¥13,000 million. The purpose of the program is to improve capital efficiency and enhance the return of profits to shareholders. The program will expire on May 22, 2026. Reported Earnings • Apr 15
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥61.20 (up from JP¥50.95 in FY 2025). Revenue: JP¥360.7b (up 15% from FY 2025). Net income: JP¥51.8b (up 19% from FY 2025). Profit margin: 14% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Announcement • Apr 14
Toho Co., Ltd., Annual General Meeting, May 28, 2026 Toho Co., Ltd., Annual General Meeting, May 28, 2026. New Risk • Feb 25
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 190% Dividend yield: 6.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥62.50 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.8%). Reported Earnings • Jan 15
Third quarter 2026 earnings released: EPS: JP¥77.47 (vs JP¥45.13 in 3Q 2025) Third quarter 2026 results: EPS: JP¥77.47 (up from JP¥45.13 in 3Q 2025). Revenue: JP¥89.7b (up 27% from 3Q 2025). Net income: JP¥13.1b (up 72% from 3Q 2025). Profit margin: 15% (up from 11% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Announcement • Dec 21
Toho Co., Ltd. (TSE:9602) acquired Anime Ltd. from PLAION GmbH. Toho Co., Ltd. (TSE:9602) acquired Anime Ltd. from PLAION GmbH on December 19, 2025. As part of the acquisition, Anime Limited founder and managing director Andrew Partridge will remain with the company and join the leadership team of Toho's European regional headquarters.
Toho Co., Ltd. (TSE:9602) completed the acquisition of Anime Ltd. from PLAION GmbH on December 19, 2025. Announcement • Dec 02
Akatsuki Games Inc., TOHO Co., Ltd., Production I.G, Inc. Announce Main Story Chapter 6: Operation: Reclaim Christmas Eve and the New 5 Character Gen Narumi Are Now Available KAIJU NO. 8 THE GAME, co-produced by Akatsuki Games, TOHO, and Production I.G, is excited to announce that Main Story Chapter 6: Operation: Reclaim Christmas Eve and the new 5 character [Japan's Strongest Santa] Gen Narumi are now available! Main Story Chapter 6: operation: Reclaim Christmas EveNow Released! With each of their hopes held close, they rise up to protect the smiles of the children and the city. New Chapter Event: To celebrate the release of Main Story Chapter 6, the New Chapter Event is now available. Progress through Main Story Chapter 6 and challenge the Score Battles to earn rewards up to Dimensional Crystal x1500. For more details, please check out the in-game announcement. Main Story Chapter 6 Release Celebration Login Bonus: Naoya Matsumoto's hit manga series, Kaiju No. 8, has been serialized on Shueisha's Shonen Jump+, and with over 19 million copies printed and distributed in Japan (including digital editions) across 16 published volumes. The anime Kaiju No. 8 has also garnered immense popularity not only in Japan but also worldwide, particularly in North America. Following its global success, Kaiju No. 8 THE GAME--co-produced by the powerhouse team of Ak Akatsuki Games, TOO, and Production I.G--is now officially available on the App Store, Google Play, and Steam®?. Declared Dividend • Nov 22
First half dividend of JP¥42.50 announced Shareholders will receive a dividend of JP¥42.50. Ex-date: 26th February 2026 Payment date: 1st June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 31%. Announcement • Oct 22
Toho Co., Ltd. to Report Q3, 2026 Results on Jan 14, 2026 Toho Co., Ltd. announced that they will report Q3, 2026 results on Jan 14, 2026 Announcement • Oct 16
Toho Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026 Toho Co., Ltd. revised consolidated earnings guidance for the fiscal year ending February 28, 2026. For the year, the company expects operating revenue of ¥360,000 million compared to previous guidance of ¥300,000 million, operating profit of ¥65,000 million compared to previous guidance of ¥57,000 million, profit attributable to owners of parent of ¥47,500 million compared to previous guidance of ¥43,500 million and basic earnings per share of ¥280.13 compared to previous guidance of ¥256.55. Reason for the Revision,During the first half (March to August 2025) of the current fiscal year, the Film business significantly exceeded initial forecast, driven by the record-breaking success of films such as "Demon Slayer: Kimetsu no Yaiba Infinity Castle" and"KOKUHO." Furthermore, the IP and Anime business, Theatrical business, and Real Estate business also performed robustly. Given this situation, combined with the business outlook for the second half (September 2025 to February 2026) of the current fiscal year and recent performance, operating revenue, operating profit, ordinary profit, and profit attributable to owners of parent are now expectedto exceed the previously announced forecast. Reported Earnings • Oct 16
First half 2026 earnings released: EPS: JP¥197 (vs JP¥155 in 1H 2025) First half 2026 results: EPS: JP¥197 (up from JP¥155 in 1H 2025). Revenue: JP¥191.7b (up 17% from 1H 2025). Net income: JP¥33.5b (up 26% from 1H 2025). Profit margin: 18% (up from 16% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 15
Toho Co., Ltd. (TSE:9602) announces an Equity Buyback for 2,000,000 shares, representing 1.18% for ¥17,587 million. Toho Co., Ltd. (TSE:9602) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 1.18% of its share capital, for ¥17,587 million. The shares will be repurchased at a price of ¥8,782 per share. The company will repurchase 1,700,000 shares from H2O Retailing. The purpose of the program is to to enhance shareholder returns and to implement flexible acquisition. Repurchases will be funded from the company’s own funds. If the offer is oversubscribed, the company will prorate the number of shares accepted for payment. The program will expire on November 13, 2025. As of September 30, 2025, the company had 169,571,665 shares (excluding treasury stock) in issue and 6,428,335 shares in treasury. Announcement • Sep 22
Akatsuki Games Inc., Toho Co., Ltd., Production I.G, Inc. Announces Kaiju No. 8 the Game Syncs Up with the Anime, Soshiro Hoshina Wearing Numbers Weapon 10 KAIJU NO. 8 THE GAME, co-produced by Akatsuki Games, TOHO, and Production I.G, announced that Soshiro Hoshina, wearing Numbers Weapon 10, debuts in the game right after his appearance in the latest episode of the Kaiju No. 8 anime. Additional assets, including the 5 Character Soshiro Hoshina and 5 Weapon SW- Susanoo (Twin Sweden), are available in the attached press asset folder. The character story for [United Front] Soshiro Hoshina is now live in KAIJU NO. 8 The GAME. This new episode highlights the activation experiment of a new identified Kaiju Weapon infused with the power of Kaiju No. 10. As Hoshina prepares for the battles ahead, he pushes himself to unlock even greater strength. Announcement • Sep 16
Toho Co., Ltd. Resolves Interim Dividend for the Period Ended August 31, 2025, Payable on November 21, 2025 Toho Co., Ltd. announces that, at a meeting of its Board of Directors held September 16, 2025, it resolved to pay an interim dividend of ¥42.5 per share. Total amount of dividends of ¥7,206 million. Effective Date November 21, 2025. Record date is on August 31, 2025. New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Board Change • Aug 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Izumi Okoshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥255 (down from JP¥260 in FY 2024). Revenue: JP¥313.2b (up 11% from FY 2024). Net income: JP¥43.4b (down 4.3% from FY 2024). Profit margin: 14% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Price Target Changed • Apr 10
Price target increased by 8.4% to JP¥7,538 Up from JP¥6,955, the current price target is an average from 9 analysts. New target price is 6.7% below last closing price of JP¥8,079. Stock is up 66% over the past year. The company is forecast to post earnings per share of JP¥252 for next year compared to JP¥260 last year. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 26 May 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.2%). Buy Or Sell Opportunity • Jan 24
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥6,735. The fair value is estimated to be JP¥5,491, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥45.13 (vs JP¥38.09 in 3Q 2024) Third quarter 2025 results: EPS: JP¥45.13 (up from JP¥38.09 in 3Q 2024). Revenue: JP¥70.5b (up 11% from 3Q 2024). Net income: JP¥7.66b (up 15% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jan 15
Toho Co., Ltd. to Report Fiscal Year 2025 Results on Apr 14, 2025 Toho Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Apr 14, 2025 Announcement • Jan 14
Toho Co., Ltd. to Report Q3, 2025 Results on Jun 14, 2025 Toho Co., Ltd. announced that they will report Q3, 2025 results on Jun 14, 2025 Announcement • Dec 18
Toho Co., Ltd. (TSE:9602) agreed to acquire an unknown minority stake in Orange Co., Ltd. Toho Co., Ltd. (TSE:9602) agreed to acquire an unknown minority stake in Orange Co., Ltd. on December 17, 2024. Toho Co., Ltd. will acquire 19.70% stake in Orange Co., Ltd. through acquisition of the company's common stock and subscription to its third-party allotment of new shares.
The expected completion of the transaction is January 17, 2025. Declared Dividend • Nov 22
First half dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 27th February 2025 Payment date: 26th May 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥5,995. The fair value is estimated to be JP¥4,960, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period. Announcement • Oct 25
Toho Co., Ltd. to Report Q3, 2025 Results on Jan 14, 2025 Toho Co., Ltd. announced that they will report Q3, 2025 results on Jan 14, 2025 Buy Or Sell Opportunity • Oct 21
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.9% to JP¥5,826. The fair value is estimated to be JP¥4,851, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 1.7% per annum over the same time period. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: JP¥60.86 (vs JP¥54.18 in 2Q 2024) Second quarter 2025 results: EPS: JP¥60.86 (up from JP¥54.18 in 2Q 2024). Revenue: JP¥77.7b (up 19% from 2Q 2024). Net income: JP¥10.3b (up 9.3% from 2Q 2024). Profit margin: 13% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 15
Toho Co., Ltd. (TSE:9602) acquired 6.09% stake in CoMix Wave Films Inc. Toho Co., Ltd. (TSE:9602) acquired 6.09% stake in CoMix Wave Films Inc. on October 15, 2024. Toho Co acquired a portion of the shares of CoMix Wave at the request of Mr. Noritaka Kawaguchi, the founder of CoMix Wave. CoMix has 71 employees.
Toho Co., Ltd. (TSE:9602) completed the acquisition of 6.09% stake in CoMix Wave Films Inc. on October 15, 2024. Announcement • Oct 08
Toho Co., Ltd. to Report Q2, 2025 Results on Oct 15, 2024 Toho Co., Ltd. announced that they will report Q2, 2025 results on Oct 15, 2024 Buy Or Sell Opportunity • Oct 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to JP¥5,832. The fair value is estimated to be JP¥4,857, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 1.7% per annum over the same time period. Declared Dividend • Sep 26
Dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 27th February 2025 Payment date: 26th May 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Sep 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥5,894. The fair value is estimated to be JP¥4,883, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 1.7% per annum over the same time period. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 21 November 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.4%). Announcement • Jul 29
Toho Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025 Toho Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2025. For the fiscal year ending February 28, 2025, the company expects operating revenue of JPY 280,000 million, operating profit of JPY 55,000 million and profit attributable to owners of parent of JPY 39,000 million or JPY 227.18 per basic share. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥5,300, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Entertainment industry in Japan. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,015 per share. Reported Earnings • Jul 18
First quarter 2025 earnings released: EPS: JP¥94.07 (vs JP¥70.41 in 1Q 2024) First quarter 2025 results: EPS: JP¥94.07 (up from JP¥70.41 in 1Q 2024). Revenue: JP¥86.0b (up 16% from 1Q 2024). Net income: JP¥16.1b (up 31% from 1Q 2024). Profit margin: 19% (up from 17% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 17
Now 26% overvalued Over the last 90 days, the stock has fallen 4.6% to JP¥5,079. The fair value is estimated to be JP¥4,043, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Buy Or Sell Opportunity • Jul 01
Now 19% overvalued Over the last 90 days, the stock has fallen 2.4% to JP¥4,779. The fair value is estimated to be JP¥4,007, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Buy Or Sell Opportunity • Jun 18
Now 21% overvalued Over the last 90 days, the stock has fallen 7.9% to JP¥4,713. The fair value is estimated to be JP¥3,904, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Buy Or Sell Opportunity • Jun 18
Now 21% overvalued Over the last 90 days, the stock has fallen 7.9% to JP¥4,713. The fair value is estimated to be JP¥3,904, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Declared Dividend • Jun 06
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 29th August 2024 Payment date: 21st November 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 01
Toho Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending February 28, 2025 Toho Co., Ltd. provided dividend guidance for the Fiscal year ending February 28, 2025. For the period, the company expects dividend of JPY 35.00 per share against JPY 65.00 per share a year ago. Reported Earnings • Apr 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥260 (up from JP¥190 in FY 2023). Revenue: JP¥283.3b (up 16% from FY 2023). Net income: JP¥45.3b (up 36% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.9%). Announcement • Jan 31
Toho Co., Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2024 Toho Co., Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2024 Reported Earnings • Jan 16
Third quarter 2024 earnings released: EPS: JP¥38.09 (vs JP¥31.88 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.09 (up from JP¥31.88 in 3Q 2023). Revenue: JP¥63.5b (up 6.9% from 3Q 2023). Net income: JP¥6.65b (up 19% from 3Q 2023). Profit margin: 11% (up from 9.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Toho Co., Ltd. to Report Q3, 2024 Results on Jan 15, 2024 Toho Co., Ltd. announced that they will report Q3, 2024 results on Jan 15, 2024