Sony is set to return to profit for the past fiscal year, thanks to a rigorous cost-cutting regime and an uptick in demand.
Net profit rose 40.6% to $27.7 million while operating profit climbed 4.6% to $45.8 million.
In 2009, the Japanese B.O. hit its second-highest total ever, with $2.21 billion -- 5.7% better than 2008. Meanwhile, admissions grew 5.5% year-on to some 170 million.
Underscoring the softening of demand for indie pics in the Japanese market, pioneering arthouse operator Cinema Rise has announced it is closing two of three screens in its Tokyo theater in June.
For the first time in six years, Nintendo has announced drops in earnings and profits.
The Kabuki-za theater, a landmark in Tokyo's Ginza district for nearly six decades, closed its doors for the last time on April 30.
Imax and Japanese exhib Tokyu Recreation are partnering to open five Imax screens in Japan.
In a push to attract younger auds to Hollywood pics, Paramount Japan has taken the unusual step of dubbing nearly half of the prints for current release "Shutter Island."
Japan is planning to more than double the export of entertainment products to $27 billion by 2020.
Indie distrib Tornado Film has filed for bankruptcy in Tokyo District Court.
Domestic Film DAILY
PROVIDED BY: Box Office
Frozen2Daily: $1.7M Cumulative: $140.5M Disney -30.18%
Out of the Furnace
Out of the Furnace3Daily: $437,117 Cumulative: $6.8M Relativity Media -25.73%