TOHO CO., LTD. (9602) Stock Price

Toho operates in four main business areas: film, theater, real estate, and other businesses. In the film business, Toho produces and distributes films, operates movie theaters, and produces and sells video content. Toho Towa handles the distribution of foreign films, while TOHO Cinemas operates movie theaters.

In the theater business, Toho produces and presents theatrical productions, while Toho Agency handles ticket sales. Toho Geino operates as an entertainment talent agency. In the real estate business, Toho leases properties, maintains and manages roads, provides cleaning services, and handles property maintenance and management.

In other businesses, Toho Kyoei Enterprise operates sports facilities, and TOHO Retail handles merchandise sales. Additionally, Toho Business Support provides accounting and consulting services. Through these diverse operations, Toho pursues a multi-faceted business strategy.

Toho has established the "TOHO VISION 2032 Toho Group Management Strategy" as it approaches its 100th anniversary, aiming for sustainable growth and medium-to-long-term improvement in corporate value. The core of this strategy includes promoting "investment" for growth, securing and developing "talent," and positioning the anime business as the "fourth pillar."

Toho's growth strategy is based on four key concepts. First, the company positions "planning and IP" as the source of value, with particular emphasis on "animation" as a growth driver. Additionally, Toho aims to leverage "digital" capabilities to expand beyond time, space, and language barriers, while pursuing significant growth in "overseas" markets.

The Medium-Term Management Plan 2028 prioritizes "talent," "content and IP," "digital," and "overseas" as key focus areas, driving each business strategy. Specifically, the company plans to invest approximately 70 billion yen in content planning and production across films, anime, theater, and games, while doubling the workforce at TOHO animation by 2032.

Toho has set targets of operating profit of 700 million yen or more and ROE of 9% or above. For shareholder returns, the company maintains a dividend payout ratio of 35% or higher with an annual dividend floor of 85 yen per share, while implementing flexible share buybacks. Through these measures, Toho aims to achieve sustainable growth and enhanced corporate value.