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

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 ($1.225 billion) a 21.1% increase from the same period last year. TOHO also reported an operating profit of 32.274 billion yen ($283 million, 32.3% increase), and an ordinary income of 33.288 billion yen ($292 million, 32.9% increase). The company's net income for the period was 22.875 billion yen ($201 million), a 37.9% increase.

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

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

The company's anime production business also invested in such anime as Fireworks, Should We See it from the Side or the Bottom?. That business earned 5.578 billion yen ($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 ($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)