TOKYO – Japan’s leading film distributor and exhibitor Toho has announced a revised forecast for fiscal 2016 that predicts a 28% jump in year-on-year profit, to JPY33 billion ($318 million).
This reverses an earlier forecast for a 14% profit drop. Toho’s 2016 fiscal year ends in February 2017.
The two big reasons for the revision are Makoto Shinkai’s hit animation “Your Name,” which recently passed the JPY15 billion ($148 million) milestone on the 52nd day since its Aug. 31 release, and the Toho-produced “Shin Godzilla,” which is expected to end its run with $72 million.
Toho managing director Toshiyuki Urai told reporters: “We could have never predicted from Shinkai’s past work how big ‘Your Name’ would become.”
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