Distrib/exhib expects sales of $2.12 billion

TOKYO — Leading distrib and exhib Toho has upped estimates for its midterm and 2008 fiscal year from figures announced on Sept. 30.  

Toho has upticked its consolidated midterm sales forecast from $1.07 billion to $1.14 billion, while raising the estimate for operating profit from $102 million to $150 million and pretax profit from $117 million to $169 million. 

For the entire fiscal year, ending in March, Toho now expects consolidated sales of $2.12 billion, up from $2.04 billion. It is also raising its forecast for operating profit from $189 million to $219 million and for pretax profit from $204 million to $248 million. It expects net profit after tax to fall from its previous estimate of $78.6 million to $67.3 million, however. 

Toho’s total B.O. from January to September amounted to $612 million, with hits including “Ponyo on the Cliff by the Sea,” “Boys Over Flowers,” “The Magic Hour,” “Detroit Metal City” and “20th Century Boys,” making a major contribution. Other core businesses, including legit theater and real estate, have also been prospering.  

The drop in the estimate for net profit after tax derives from a $61million extraordinary loss on the share price of investments.

Toho will formally announce its first half results on Friday.

Want Entertainment News First? Sign up for Variety Alerts and Newsletters!
Post A Comment 0