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TOHO CO., LTD. Stock Code:9602 Financial Results Presentation October 15, 2026 ©TOHO CO., LTD. All Rights Reserved. 2Q FY2/27 (semi-annual period) (March 1, 2026 - August 31, 2026) Ver1.0
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1©TOHO CO., LTD. All Rights Reserved. Executive Summary p.2 Financial Highlights p.17 Appendix 1 Financial Results/Outlook p.25 Appendix 2 Film Business p.44 Appendix 3 IP & Anime Business p.58 Appendix 4 Theatrical Business p.77 Appendix 5 Real Estate Business p.81 Appendix 6 Others(TOHO-ONE） p.85 Appendix 7 Business Model p.88 Appendix 8 Corporate p.98 Contents About This Presentation • This presentation is a comprehensive, one-stop disclosure designed to give investors a complete picture of TOHO’s business, alongside its financial results. For an overview, please refer primarily to the Executive Summary and Financial Highlights. For details of each business, please refer to the Appendix. • Updates since the previous quarterly financial presentation are shown on the top right of each page. • This presentation was prepared and edited by the Investor Relationsof TOHO. Please contact ir@toho.co.jpif you have any questions.
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2©TOHO CO., LTD. All Rights Reserved. 2©TOHO CO., LTD. All Rights Reserved. Executive Summary
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3©TOHO CO., LTD. All Rights Reserved. Executive Summary for 2Q FY2/27 (Semi-Annual Period) Executive Summary FY2/27 2Q Results / Full-Year Earnings Forecast Topics • 2Q results (semi-annual): Recorded operating revenue of ¥185.1 billion and operating profit of ¥30.9 billion. Despite a decline following the previous year’s major hit titles and the impact of the time lag in recognition resulting from the company split of TOHO Global, Film Business and IP & Anime Business maintained solid performance. • Film business: In 2Q (Jun–Aug), Chiikawa was a major hit, and sales of related merchandise were also strong. Movie Theater business maintained solid attendance even after the revision of admission fees in July. • IP & Anime business: The impact of the time lag in recognition has been normalized. Operating revenue increased significantly, supported by higher streaming revenue. One-off expense and investments were incurred. -In 2Q, the time lag in recognition resulting from the company split of TOHO Global (for April–May) was reflected. -Increased overseas investments to strengthen our products distribution. While these investments are currently pulling down the profit margin of IP & Anime Business, we aim to deliver IP to more overseas fans and achieve profitability early. • Full-year consolidated earnings forecast • Operating profit: ¥62.0 billion (remains unchanged). Net profit: ¥48.0 billion (up ¥7.0 billion from the initial forecast, reflecting the sale of strategic shareholdings in September). • Results through 2Q were generally in line with expectations. While success from titles like Chiikawa and GODZILLA MINUS Zero was already incorporated, the initial forecast of operating profit remains unchanged while we carefully evaluate the performance of upcoming titles in the second half. • GODZILLA MINUS ZERO to be released simultaneously worldwide in November. Aim to make it a major hit through our own global distribution network. • High expectations for a strong lineup of movies and anime from 2027 onward, with further announcements to follow. • Sold some real estate properties (announced on Aug. 17) and a portion of strategic shareholdings (sold on September 15). “Stability with the Power of Hits”: Aim to further improve performance by combining the power of content with a stable business foundation. [Updated]
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4©TOHO CO., LTD. All Rights Reserved. Business Highlights for 2Q FY2/27 (Semi-Annual Period) Executive Summary 2Q FY2/26 (Semi-annual period) 2Q FY2/27 (Semi-annual period) Change Percentage change Operating revenue 191,677 185,162 -6,515 -3.4% Operating costs 107,004 102,078 -4,926 -4.6% Gross profit 84,672 83,083 -1,589 -1.9% SG&A 43,525 52,144 8,618 19.8% Operating profit 41,146 30,938 -10,207 -24.8% Non-operating income 2,147 3,497 1,349 62.8% Non-operating expenses 1,102 1,308 206 18.7% Ordinary profit 42,192 33,127 -9,064 -21.5% Extraordinary income 8,913 - -8,913 ー Extraordinary losses 689 1,256 567 82.3% Profit attributable to owners of parent 33,450 20,019 -13,430 -40.2% (millions of yen) [Updated] Revenue decreased, as 2Q FY2/26 benefited from major hits such as Demon Slayer and KOKUHO. Operating profit declined due to factors including the impact of the company split, one-off expense, and upfront investments in overseas business. Strategic-shareholdings were sold in the same period of the previous fiscal year. Demolition costs increased.
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5©TOHO CO., LTD. All Rights Reserved. Operating Results by Segment for 2Q FY2/27 (Semi-Annual Period) Executive Summary (millions of yen) 2Q FY2/26 (Semi-annual period) 2Q FY2/27 (Semi-annual period) Change Change Factors (Top row: Operating revenue Bottom row: Operating profit） Film business Operating revenue 103,709 91,177 -12,532 • Revenue decreased, as 2Q FY2/26 benefited from major hits such as Demon Slayer and KOKUHO. • Profit decreased due to the factors behind the revenue decline, as well as an increase in depreciation expenses, etc. Operating profit 23,193 19,400 -3,793 OP% 22.4% 21.3% -1.1 Point IP & Anime business Operating revenue 37,313 43,132 5,818 • Revenue increased due to higher overseas streaming revenue. • Profit decreased due to factors such as one -off expenses related to contingent consideration and an increase in personnel expenses. Operating profit 10,698 5,970 -4,728 OP% 28.7% 13.8% -14.8 Point Theatrical business Operating revenue 10,698 9,589 -1,108 • Revenue and profit decreased, as 2Q FY2/26 benefited from performances such as Knights' Tale ARENA LIVE and Les Misérables. Operating profit 997 845 -151 OP% 9.3% 8.8% -0.5 point Real Estate business Operating revenue 39,314 40,008 693 • Revenue increased due to the smooth progress of large-scale bridge repair works (road business). • Profit decreased due to the fading YoY impact of price sliding in the road business. Operating profit 10,463 9,895 -567 OP% 26.6% 24.7% -1.9 point Other business Operating revenue 641 1,254 613 • Revenue increased mainly due to new TOHO - ONE membership fees. • Profit decreased mainly due to sales promotion expenses for the TOHO-ONE point program. Operating profit 71 -207 -279 OP% 11.2% -16.5% -27.7 point Adjustments -4,278 -4,965 -686 • Increase in depreciation expenses, outsourcing expenses, etc. Total Operating revenue 191,677 185,162 -6,515 ー Operating profit 41,146 30,938 -10,207 ー Film business 49.2% IP & Anime business 23.3% Theatrical business 5.2% Real Estate business 21.6% Other 0.7% Film business 53.4% IP & Anime business 16.4% Theatrical business 2.4% Real Estate business 27.3% Other -0.6% Composition by business segment (excluding adjustments) [Updated] Operating revenue (2Q FY2/27) Operating profit (2Q FY2/27) 27.6% 16．6％ 54．0％
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6©TOHO CO., LTD. All Rights Reserved. • Film Distribution: The overall industry performed strongly, thanks to hits such as Detective Conan, Chiikawa, and foreign films. • Movie Theater Business (TOHO CINEMAS）: - Admission fees were partially revised (from July onward) - TOHO CINEMAS OIMACHI (Mar) and TOHO CINEMAS NAGOYA SAKAE (Jun) opened. - OS CINEMAS M-INT KOBE and OS CINEMAS KOBE HARBORLAND were added to the Group’s theater network (Oct). • Development of Live-Action Film Projects： Human Vapor was rebooted with Netflix. The Apothecary Diaries is scheduled for streaming. FY2/26 FY2/27 Assumptions at the beginning of FY2/27 Assumptions as of October 15 Domestic box office revenue *Including ODS but excluding live streaming ¥274.4 billion *Jan. to Dec., 2025 ¥250.0– ¥260.0 billion ¥250.0– ¥260.0 billion Box office revenue of TOHO Japanese Films *Including ODS (TOHO NEXT) ¥139.9 billion ¥90.0–¥100.0 billion *Excluding the overseas box-office revenue from GODZILLA MINUS ZERO ¥95.0–¥105.0 billion *Excluding the overseas box-office revenue from GODZILLA MINUS ZERO Number of films distributed by TOHO 44 titles (Including 12 titles under representation, 13 invested titles, and 16 TOHO NEXT titles) 32 titles (Including 7 titles under representation, 13 invested titles, and 8 TOHO NEXT titles) *Includes only titles released as of Apr. 14 and including titles scheduled for the year of 2027 onwards with unconfirmed release dates. 48 titles (Including 7 titles under representation, 27 invested titles, and 12 TOHO NEXT titles) *Includes only titles released as of Oct. 15 and including titles scheduled for the year of 2027 onwards with unconfirmed release dates. Netflix Series Human Vapor (Streaming exclusively worldwide on Netflix from July 2, 2026) The Apothecary Diaries (Scheduled to stream on Prime Video in 2028) ©2026 青山剛昌／名探偵コナン製作委員会 © 2025 Nintendo and Universal Studios. All Rights Reserved. ©ナガノ / 2026「映画ちいかわ」製作委員会 ©2026 TOHO CO., LTD. ©2028 Amazon Content Services LLC or its Affiliates and TOHO CO., LTD [New] Executive Summary Film Business: Strong Performance in Film Distribution & Movie Theater
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7©TOHO CO., LTD. All Rights Reserved. GODZILLA MINUS ZERO to Be Released Worldwide in November (As of October 15, 2026) Executive Summary 2026年のゴジラ関連トピックス 2026年の「ゴジラ・ストア」開業状況 [New] Comparison with the previous film, GODZILLA MINUS ONE GODZILLA MINUS ONE GODZILLA MINUS ZERO Release date (Japan/North America) Nov. 3, 2023 / Dec. 1, 2023 Nov. 3, 2026 / Nov. 6, 2026 Global box office revenue (Japan/Overseas) Approx. ¥16.0B (¥7.65B / US$56.0M*) - No. of screens in Japan 377 in opening week 383 in opening week No. of screens in North America 2,308 theaters in opening week Aim to exceed GODZILLA MINUS ONE Overseas distribution by TOHO North America Toho International GKIDS Europe - Anime Limited Asia - Toho Entertainment Asia No. of countries (film release) Approx. 50 countries Approx. 80 countries No. of GODZILLA STORE Japan: 2 Japan: 7 and overseas: 1 © 2026 TOHO Japan • Release date: November 3 (Tue., national holiday), nationwide theatrical release. Godzilla Fest 2026 to be held on November 3 • Japan’s first Filmed For IMAX title*2 • Promotional activities: Broadcast of the previous film, Godzilla Minus One, on the Friday Roadshow TV program (Oct. 30), airing of special TV programs, screening at the 39th Tokyo International Film Festival, etc. Collaborated with TOHO-ONE. • Trailer views (official channel, Japan): Over 5 million*1 Overseas • GODZILLA MINUS ZERO to be released simultaneously worldwide in November. • TOHO Global* will fully launch its own distribution network, aiming to make the film a worldwide hit. *GKIDS (North America), Anime Limited (Europe), Toho Entertainment Asia (Asia) *1 Number of views from its release on September 8 through October 15 *2 A film shot with IMAX-certified high-resolution cameras and optimized for screening in IMAX theaters *3 Based on 41 reviews with a 95% score (Tomatometer), as of October 15 Collaboration event with the Los Angeles Dodgers • Starting with its theatrical release in North America on November 6, the film will be released in approximately 80 countries worldwide. • Promotional activities: Held “Godzilla Minus Zero Night,” a special event in collaboration between the Los Angeles Dodgers. World premiere at the 64th New York Film Festival, etc. • Trailer views (official channel) for overseas: Over 13 million*1 • Received a high rating on the film review site Rotten Tomatoes.*3 *Based on an exchange rate of US$1 = ¥150
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8©TOHO CO., LTD. All Rights Reserved. New Anime Title Phantom Busters to be Aired in 2027 Executive Summary [New] • To be adapted into a TV anime in 2027. - Phantom Busters by Neo Shoco is set to be adapted into a TV anime. - Currently a highly popular manga serialized in Shueisha’s Jump Square. - Over 1.4 million copies in circulation (including digital editions). • A highly popular title attracting significant attention - Ranked second in the “National Bookstore Employees’ Recommended Comics 2025.” - Ranked fourth in the “Manga We Want to See Animated Ranking 2025.” • Phantom Busters has a large fan base not only in Japan but also overseas. Story ©ネオショコ／集英社 Mogari Shishikuno (Mogari), a high school student with “the power to eat ghosts,” Eugene Korekishi (Koreshiki), a manga otaku with zero spiritual sensitivity, Kaoru Kanzaki (Zaki), a cool otaku who can see ghosts, and Kotaro Tamon (Tamon), who can talk to ghosts but struggles when dealing with people. A lively, chaotic story about this unique group of four who form Phantom Busters, a club dedicated to exorcising ghosts.
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9©TOHO CO., LTD. All Rights Reserved. Operating Revenue by Segment: Film Business and IP & Anime Business (Revenue Breakdown, Quarterly) Executive Summary Film business IP & Anime business (millions of yen) 13,951 8,351 4,822 7,051 10,638 23,260 15,089 6,069 12,110 10,905 3,441 4,581 2,242 2,049 2,063 2,016 2,096 1,612 1,695 3,554 21,372 19,754 14,930 19,576 22,143 31,707 23,095 20,638 25,406 29,749 2,132 2,419 2,396 2,835 2,799 2,611 2,570 2,635 2,160 2,488 2,040 1,563 2,590 1,758 2,630 3,838 2,005 3,093 2,009 1,09842,938 36,670 26,981 33,271 40,274 63,434 44,857 34,050 43,381 47,795 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/25 FY2/26 FY2/27 Domestic distribution to movie theaters Production and licensing of video content Management of movie theaters Art production related to production and licensing works, etc. Other *From the bottom of the bar charts: *From the bottom of the bar charts: [Updated] (millions of yen) 7,232 5,857 6,818 7,404 9,065 6,584 9,172 9,290 7,320 11,886 2,933 3,445 4,330 3,878 4,286 3,805 3,643 4,169 2,494 3,837 5,943 6,374 5,058 4,703 3,973 5,673 4,269 4,138 5,386 7,522 954 1,503 1,197 1,755 1,674 2,251 1,394 1,873 3,053 1,630 17,063 17,181 17,404 17,742 18,999 18,314 18,478 19,472 18,255 24,877 0 5,000 10,000 15,000 20,000 25,000 30,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/25 FY2/26 FY2/27 Production and licensing of video content Licensing of merchandising rights Sales and merchandising Other Major hits including Demon Slayerand KOKUHO Major hits including Chiikawa The Movie Strong sales from anime streaming revenue, programs, and theater merchandise *Please refer to pages 18 –19 and 96–97 for details on revenue breakdown and its relation with subsidiaries and business activiti es.
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10©TOHO CO., LTD. All Rights Reserved. 18.9 18.3 18.4 19.4 18.2 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2/26 FY2/27 6.3 4.3 4.4 2.1 0.5 0 100 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2/26 FY2/27 IP & Anime Business: Revenue Growth / Upfront Investments • Operating revenue: Increased significantly due to higher streaming revenue from anime titles other than new releases. • Operating profit: Profit fell due to one-off expense and increased SG&A expenses from upfront investments. • From 3Q onward: Expect continued streaming revenue (mainly from anime titles other than new releases)and contributions from GODZILLA MINUS ZERO (mainly overseas distribution, related merchandise, and pamphlets). [New] 営業利益営業収入 Executive Summary Accounting basis Historical basis (before company split) Accounting basis Historical basis (before company split) (Billions of yen) (Billions of yen) Operating ProfitOperating Revenue 24.9 Approx. 23.3 5.4 Approx. 6.5 Approx. 3.9 FY26/2 1Q: Revenue from the merchandising rights of Godzilla overseas (+) FY2/26 4Q: ・Increase in depreciation of games released in FY2/26 ・One-off expense associated with revaluation of contingent consideration *1 Total SG&A expenses of the following subsidiaries: TOHO Global Inc., Toho International, Inc., TOHO Entertainment Asia Pte. Ltd., GKIDS, INC., TOHO Europe Limited, and Anime Limited. See p.75 for details on the increase in overseas personnel. *2 One-off expense associated with contingent consideration due to steady progress in key initiatives at the acquired business. T he one-off expense in 4Q FY2/26 were recorded resulting from an increase in the payment obligation for the consideration, while those in 2Q FY2/27 resulted from the final settlement. No similar expenses will be incurred from 3Q FY2/27 onward. FY27/2 1Q (1) Increase in anime streaming revenue YoY +¥4.4B (“Streaming” in TOHO animation operating revenue by source (historical basis); see p.36) (2) Increase in related MD and pamphlets YoY +¥1.4B (YoY increase of the “Revenue breakdown” of “Sales and merchandising”) (3) Others YoY +¥1.3B (Mainly by from the revenue increase from anime operating company) Approx. 25.0 Total: –¥2.2B FY2/27 1Q ・Increase in streaming revenue from anime titles (+) ・Increase in investment*1 in the Overseas Business YoY –¥1.3B FY2/27 2Q ・Increase in streaming revenue from anime titles (+) ・One-off expense associated with contingent consideration *2 –¥1.4B ・Increase in investment *1 in the Overseas Business YoY –¥1.1B FY27/2 2Q (1) YoY +¥4.0B (2) YoY +¥1.8B FY2/26 1Q: Revenue from the merchandising rights of Godzilla overseas (+)
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11©TOHO CO., LTD. All Rights Reserved. • Company split (executed in March 2026): Transitioned to a structure under which overseas subsidiary TOHO Global (TG) directly recognizes overseas revenue. • Difference in fiscal year-ends: The difference in fiscal year-ends between TOHO (February) and TG (December) results in a consolidation adjustment (time lag). • Factors behind the increased lag: The consolidation adjustment increased due to a significant anime streaming revenue (particularly in May and August ). 4Q FY2/26 1Q FY2/27 2Q FY2/27 Executive Summary IP & Anime Business: Time Lag in Revenue Due to Company Split [Updated] Comparison of Overseas Revenue: Before and After the Company Split Company Split ↑Revenue (recorded by TG） Before the Split (Revenue & expenses match in period) After the Split (2-month lag in revenue recognition) 3Q FY2/27 *Figures (bar heights) for Mar.–Aug. reflect TG’s actual sales and cost of sales. Revenue for the last 2 months of each quarter shifts to the following quarter. Expenses corresponding to TG’s revenue (e.g., revenue shares to external partners) are recognized ahead of revenue without the two -month lag.4 2026 2026 Up to Feb. 2026 From Mar. 2026 Entity TOHO (TG is outsourced) TOHO Global (Direct sales) FY End February December Role TOHO outsourced overseas sales to TG. TG directly handles overseas sales. Revenue Recogni- tion Method TOHO records operating revenue. TG records outsourcing fees from TOHO. TG records operating revenue. Toho receives revenue shares from TG and distributes them to production committees. Comparison of Overseas Revenue Recognition Entities and Roles (Reference) “Notice Concerning Company Split (Simplified Absorption-type Company Split) with Consolidated Subsidiary” (Disclosed on Jan 14, 2026) Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. ↑Revenue (recorded by TOHO) ↓Expenses (recorded by TOHO) ↓Expenses (still recorded by TOHO) Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov.
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12©TOHO CO., LTD. All Rights Reserved. • Strengthen our own distribution network and evolve from providing viewing experiences to providing diverse experiences through the IP business. • Expand both our business areas (↓) and our own value chain (→), and further develop the intersections between the two. • Provide diverse experiences to more fans in a more targeted manner, thereby enhancing the market value of IP. IP & Anime Business: Overseas Strategy to Maximize the IP Value Executive Summary [New] • Film distribution and video licensing are growing steadily. • We will strengthen other areas of the value chain as well. • Going forward, we will expand our business areas into Asia, Europe, and other emerging markets in a more targeted manner. *1 Toho International, Inc. *2 TOHO ENTERTAINMENT ASIA PTE. LTD. *3 TOHO Europe Limited *4 Anime Limited Film distribution Video licensing Merchandise licensing Game collaborations and development In-house product manufacturing and sales Theater and stage exhibition a b c d e f North America (TI*1/GKIDS: From Oct. 2024) 1 1a 1b 1c 1d 1e 1f Asia (TEA*2: From Oct. 2024) 2 2a 2b 2c 2d 2e 2f Europe (TU*3/AL*4: From Jan. 2026) 3 3a 3b 3c 3d 3e 3f Other emerging markets 4 4a 4b 4c 4d 4e 4f Expansion of our own value chain Expansion of business areas =Progress in development / expansion (image)
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13©TOHO CO., LTD. All Rights Reserved. Other Business: TOHO-ONE Reaches 3 Million Members Executive Summary [New] Trend in number of TOHO-ONE members 0 50 100 150 200 250 300 350 Mar. 2026 (TOHO-ONE launched) Apr. May Aug. 100 160 200 3 million members (10,000 people) Expansion and stabilization of membership base The membership base expanded to approximately 3 million members as of the end of August 2026. Deepening relationships with fans Expand unique TOHO-ONE experiences and two-way touchpoints, such as studio tours, member-exclusive performances, and ONE’s VOICE,* strengthening the relationship between TOHO and its fans. To become a platform connecting IP and fans • Aim to evolve into a fan engagement platform that further expands collaboration with diverse IP, increases fan engagement, and maximizes IP value. (Please see p.86 for details.) • From 3Q onward, we plan to further expand collaboration with IP and partners, including a collaboration with GODZILLA MINUS ZERO (e.g., invitations to the 39th Tokyo International Film Festival). TOHO Studio TourExclusive performance for premium members *Submission initiative and a questionnaire channel established to broadly collect opinions and feedback from users Made progress toward becoming a fan engagement platform. Membership reached 3 million as migration from the former Cine Mileage and other services progressed.
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14©TOHO CO., LTD. All Rights Reserved. Real Estate: Properties Sales After Holding Policy Review (Announced on August 17) [New] Executive Summary ✓ Sale of seven properties: We initiated the sale of properties in regional and suburban areas that we determined to have low strategic value due to their limited potential to contribute to future earnings. ✓ Impact on financial results: We expect to record a total of approximately ¥0.3 billion in gain on sale of non-current assets for the seven properties. (To be recorded from 2Q through 4Q FY2/27.) ✓ Planned additional sales: In addition to the seven properties, we plan to sell several additional properties during the current fiscal year. We verified the strategic value of approximately 130 properties we own from both quantitative and qualitative perspectives and, based on the “TOHO Mid-Term Plan 2028,” began selling properties with low strategic value. Overview of the Seven Properties to be Sold (Announced on August 17) • Tsukuba Tatemono (Tsukuba City, Ibaraki Prefecture, commercial store) • Ushiku Tatemono A (Ushiku City, Ibaraki Prefecture, commercial store) • Ushiku Tatemono B (Ushiku City, Ibaraki Prefecture, commercial store) • Ushiku Tatemono C (Ushiku City, Ibaraki Prefecture, commercial store) • Ushiku Tatemono D (Ushiku City, Ibaraki Prefecture, commercial store) • Kofu-Showa Tatemono (Showacho, Nakakoma-gun, Yamanashi Prefecture, commercial store) • Asahikawa Parking (Asahikawa City, Hokkaido, former parking lot site) Total book value of the seven properties above: ¥1.43 billion (as of the end of FY2/26) → Allocate management resources generated through the sale of properties with low strategic value to maximizing rental income from core properties and creating Group synergies.
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15©TOHO CO., LTD. All Rights Reserved. 48,696 51,942 52,388 46,318 69,479 90,684 109,204 18 18 18 17 15 12 10 0 2 4 6 8 10 12 14 16 18 20 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 110,000 120,000 FY2/20-end FY2/21-end FY2/22-end FY2/23-end FY2/24-end FY2/25-end FY2/26-end FY2/27-end FY2/28-end FY2/29-end FY2/30-end Carrying amount on B/S (millions of yen) Number of issues (listed shares) Reduction of Strategic Shareholdings: Target Announced on July 15, Partial Sale on September 15 Target: By the end of FY2/30, reduce the carrying amount of cross-shareholdings by more than ¥50 billion and lower the ratio to consolidated net assets to below 10%. - Sell holdings in a phased and planned manner toward the end of FY2/30. Progress sales toward reducing the ratio to consolidat ed net assets to below 20% by the end of FY2/27. - Sale proceeds will be primarily allocated to growth investments, while also being used as a source of shareholder returns to improve capital efficiency. *The carrying amount on B/S represents the total of listed shares, unlisted shares, and deemed holdings. Executive Summary [Updated] By the end of FY2/30, reduce the carrying amount by more than ¥50 billion and lower the ratio to net assets to below 10% Sold portion on Sep. 15, reducing the carrying amount by approx. ¥14.3B compared with the end of FY2/26 (¥11.1 billion in extraordinary income to be recorded in 3Q). September 15 Approx. ¥14.3B reduction Ratio to consolidated net assets 20% 10%
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16©TOHO CO., LTD. All Rights Reserved. Toward 2032: Sustainable Growth Through Stability and the Power of Hits [Updated] Executive Summary ¥22.2 ¥17.3 ¥22.0 0 100 200 300 400 500 Operating profit of IP & Anime business (illustration)*1 *1 Bar chart breakdown: Simple aggregate of businesses (pre-amortization of goodwill/intangibles and consolidation adjustments). Totals are on a consolidated basis. *2 TOHO animation STUDIO Inc., Science SARU Inc., TOHO STELLA Co., Ltd., TOHO MUSIC CORPORATION *3 TOHO Global Inc., Toho International, Inc., TOHO Entertainment Asia Pte. Ltd., GKIDS, INC., TOHO Europe Limited, Anime Limited FY2/25 (result) FY2/26 (result) FY2/27 (initial forecast) 2032 target (Billion) More than ¥44.4 billion *In order from top to bottom: ■ Other*2 ■ (3) TOHO Global*3 ■ (2) Products & Licensing Dept. / Godzilla Dept. ■ (1) TOHO animation (including Game) • Control the volatility inherent in the entertainment through the stable foundation provided by the IP & Anime, Theatrical, and Real Estate businesses. • Build on this stable foundation to pursue major hits and use the expertise and capital gained through those successes to reinvest in the next work and the next IP. • Evolve into a robust business model in which the interaction between stability and the power of hits drives long-term growth. デジタル Operating profit target for 2032 (Centenary of our founding) ¥75.0 to 100.0 billion FY2/26 Operating profit ¥67.8 billionFY2/25 Operating profit ¥64.6 billion “Stability” “Power of Hits”
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17©TOHO CO., LTD. All Rights Reserved. 17©TOHO CO., LTD. All Rights Reserved. Financial Highlights
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18©TOHO CO., LTD. All Rights Reserved. Film Business Segment Financial Highlights Production and Distribution business 38,777 Production and Distribution business 28,634 Movie Theater business 53,850 Movie Theater business 55,155 Other Film businesses 11,081 Other Film businesses 7,387 103,709 91,177 Production and Distribution business 11,331 Production and Distribution business 8,499 Movie Theater business 10,721 Movie Theater business 10,345 Other Film businesses 1,140 Other Film businesses 555 23,193 19,400 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 60,000 0 20,000 40,000 60,000 80,000 100,000 120,000 Operating revenue Operating profit Operating revenue Operating profit 2Q FY2/26(Semi-annual period) 2Q FY2/27(Semi-annual period) （millions of yen） FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Production and Distribution business Operating revenue 12,992 25,784 17,515 8,075 14,315 14,318 Operating profit 4,185 7,145 6,270 1,129 4,816 3,682 Movie Theater business Operating revenue 22,143 31,707 23,095 20,638 25,406 29,749 Operating profit 3,972 6,749 3,877 1,980 4,439 5,906 Other Film businesses Operating revenue 5,138 5,942 4,246 5,335 3,659 3,727 Operating profit 888 252 458 392 342 212 Revenue decreased due to the tough comparison against the major hits of Demon Slayer and KOKUHO in the same period last year. Operating income also decreased due to higher personnel and depreciation expenses. Revenue BreakdownProduction and licensing of video content 10,638 23,260 15,089 6,069 12,110 10,905 Licensing of merchandising rights 2,063 2,016 2,096 1,612 1,695 3,554 Other 2,630 3,838 2,005 3,093 2,009 1,098 [Updated: Added 'Others' to revenue breakdown] (millions of yen) 4 1 2 3 Decreased distribution revenue and recorded film advertising expenses, etc. (-) Payment of year-end bonuses, etc. due to strong Movie Theater business (-) 2 3 Decreased production investment revenue from other companies' major hits (-) 4 Hits such as Demon Slayer, KOKUHO, and Chainsaw Man (+) 1 5 Slight decrease due to the impact of the company split with TOHO Global (-) *Recorded to IP & Anime Business 5 Refe rence Distribution revenue （Films distributed by TOHO and others） 17,627 25,503 18,392 １5,736 19,286 23,074 The number of movie theater customers （thousand） 10,969 16,401 11,574 10,058 12,005 14,229 SG&A expenses （Film Business ） 11,931 13,254 12,944 13,598 13,452 14,176 6 Streaming rights revenue for the Netflix series Human Vapor (+) *Recorded under Film Business 6 Increases in personnel expenses (opening of the new theater), depreciation expenses (self/mobile ordering systems, new theater opening), etc. (-) 7 7
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19©TOHO CO., LTD. All Rights Reserved. • Increased depreciation of games released in FY2/26 (–) • One-off expenses associated with revaluation of contingent consideration (–) IP & Anime Business Segment Financial Highlights 37,313 43,132 10,698 5,970 0 3,000 6,000 9,000 12,000 15,000 18,000 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 Operating revenue Operating profit Operating revenue Operating profit 2Q FY2/26(Semi-annual period) 2Q FY2/27(Semi-annual period) FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q IP & Anime Business Operating revenue 18,999 18,314 18,478 19,472 18,255 24,877 Operating profit 6,335 4,363 4,490 2,106 520 5,450 Operating profit margin 33.3% 23.8% 24.3% 10.8% 2.8% 21.9％ Revenue breakdown Production and licensing of video content 9,065 6,584 9,172 9,290 7,320 11,886 Licensing of merchandising rights 4,286 3,805 3,643 4,169 2,494 3,837 Sales and merchandising 3,973 5,673 4,269 4,138 5,386 7,522 Other 1,674 2,251 1,394 1,873 3,053 1,630 （millions of yen） Revenue increased due to strong performance in overseas streaming revenue and product sales. Operating income declined due to one-off expenses and higher SG&A expenses in overseas business, among other factors (see p.10–11 for details). 1 2 Revenue from the merchandising rights of Godzilla overseas (+) 1 Strong sales of theater pamphlets and goods, card games, etc. (+)2 3 3 (millions of yen) ReferenceAmortization of goodwill and intangible assets 532 512 519 536 568 577 SG&A expenses 3,898 4,504 4,190 6,347 5,786 7,064 5 4 7 Recognition of one-off expenses related to contingent consideration (-) 4 *Full-scale goodwill/intangible amortization and increased SG&A (overseas consolidation, growth investment) since 1Q FY2/26. 8 Impact of TOHO Global company split (see p.10 -11) (-) 5 Increase in anime streaming revenue, etc. (+)6 Increase in upfront investments for overseas business (SG&A expenses such as personnel costs), etc. ( -) Slight cost increase due to start of amortization (newly consolidated Anime Limited) and yen depreciation ( -) 9 4 9 Strong sales of theater pamphlets and goods, etc. (+)7 6 10 10 Increase in revenue from anime production companies, etc. (+)8 [Updated: Added 'Others' to revenue breakdown]
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20©TOHO CO., LTD. All Rights Reserved. Theatrical Business Segment Financial Highlights （millions of yen） 10,698 9,589 997 845 0 500 1,000 1,500 2,000 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Operating revenue Operating profit Operating revenue Operating profit 2Q FY2/26(Semi-annual period) 2Q FY2/27(Semi-annual period) FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Theatrical Business Operating revenue 5,117 5,580 6,654 4,957 5,908 3,680 Operating profit 70 926 1,576 889 475 369 Performance Analysis (YoY Change Factors) Reference Number of performances 254 176 298 175 398 141 Revenue and profit decreased, as 2Q FY2/26 benefited from performances such as Knights' Tale ARENA LIVE and Les Misérables. [Updated] (millions of yen) Revenue decreased despite strong TOHO-hosted productions at Theatre Creation, including Blood Brothers, 10th Anniversary VOICARION, and REBECCA, and at external venues, including New HISTORY COMING ARENA LIVE -The Imperial Theatre Symphony-, Romantics Anonymous, Sister Act, and Roald Dahl’s Charlie and the Chocolate Factory, as 2Q FY2/26 benefited from strong attendance for Knights' Tale ARENA LIVE at TOKYO GARDEN THEATER as well as by external performances such as Les Misérables. Operating profit decreased due to the factors behind the revenue decline.
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21©TOHO CO., LTD. All Rights Reserved. Real Estate Business Segment Financial Highlights （millions of yen） FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Lease of Land and Buildings Operating revenue 9,474 9,419 9,433 9,450 9,385 9,373 Operating profit 3,767 3,177 3,123 2,812 3,570 3,167 Road Operating revenue 7,830 6,821 6,571 8,387 7,965 7,198 Operating profit 1,801 977 812 1,271 1,560 899 Building Maintenance Operating revenue 2,843 2,924 3,356 2,663 3,074 3,010 Operating profit 391 347 330 215 424 273 Reference Repair expenses* 276 249 331 660 233 478 YoY Operating revenue remained solid, driven by the steady operation of properties owned nationwide, while operating profit slightly decreased. YoY Increased revenue due to the smooth progress of large -scale bridge repair works, but decreased profit affected by the absence of the price adjustment impact from the previous year. YoY Revenue increased and profit decreased due to the impact of rising material prices and labor costs, despite efforts to acquire new contracts, expand service scopes for existing clients, and revise contract amounts. Operating revenue remained solid, but operating profit decreased mainly due to the drop-off of the price adjustment impact seen in the Road business last year. *Figures in Real estate leasing business (non-consolidated) [Updated] (millions of yen) Lease of Land and Buildings 18,894 Lease of Land and Buildings 18,759 Road 14,651 Road 15,163 Building Maintenance 5,768 Building Maintenance 6,085 39,314 40,008 Lease of Land and Buildings 6,945 Lease of Land and Buildings 6,737 Road 2,779 Road 2,459 Building Maintenance 738 Building Maintenance 698 10,463 9,895 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 Operating revenue Operating profit Operating revenue Operating profit 2Q FY2/26(Semi-annual period) 2Q FY2/27(Semi-annual period) Performance Analysis (YoY Change Factors) Lease of Land and Buildings Road Building Maintenance
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22©TOHO CO., LTD. All Rights Reserved. Other Business and Adjustments Financial Highlights Operating revenue increased, primarily due to the new recording of TOHO-ONE membership fee revenue. Operating profit decreased, mainly due to the recording of sales promotion expenses associated with the TOHO-ONE point program. FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Operating revenue 338 303 335 314 772 482 Operating profit 45 26 57 -62 -22 -184 FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Adjustments -2,118 -2,159 -2,053 -2,938 -2,258 -2,706 Increase in depreciation expenses (launch of TOHO-ONE service) and outsourcing expenses primarily for IT, etc. Other business *Mainly from TOHO-ONE membership fee revenue. Also includes operating revenue from TOHO Kyoei Kogyo's "Toho Chofu Sports Park" and TOHO RETAIL's theater concession stands, etc. Adjustments *Adjustments in segment performance representing common corporate expenses. Includes depreciation of TOHO-ONE initial investments (5 years of amortization in principle). -4,278 -4,965 (7,000) (6,500)(6,000) (5,500)(5,000) (4,500) (4,000)(3,500) (3,000)(2,500) (2,000)(1,500) (1,000)(500)0 0 Adjustments Adjustments 2Q FY2/26(Semi-annual period) 2Q FY2/27(Semi-annual period) (millions of yen) （millions of yen) (millions of yen) （millions of yen) 641 1,254 71 Operating revenue Operating profit Operating revenue Operating profit 2Q FY2/26(Semi-annual period) 2Q FY2/27(Semi-annual period) -207 [Updated]
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23©TOHO CO., LTD. All Rights Reserved. FY2/27 Financial Forecasts (Profit attributable to owners of parent Upwardly Revised in 2Q Announcement on Oct 15) Reflecting the sale of strategic-shareholdings in 3Q, net income (profit attributable to owners of parent) was revised upward by 7.0 billion yen to 48.0 billion yen. Forecasts other than net income remain unchanged, carefully monitoring the initial performance of major titles in the second half. Financial Highlights （millions of yen） FY2/27 (Apr. 14 forecast) FY2/27 (Revised Oct 15) Change Percentage change Operating revenue 345,000 345,000 - - Operating profit 62,000 62,000 - - Ordinary profit 67,000 67,000 - - Profit attributable to owners of parent 41,000 48,000 7,000 17.1% (Reference) FY2/26 Result 360,663 67,889 70,140 51,768 [Updated]
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24©TOHO CO., LTD. All Rights Reserved. Shareholder Returns Financial Highlights Dividend per share 2.5 2.5 3.5 3.5 3.5 3.5 4.0 4.0 7.0 8.5 11.06.5 6.5 5.5 7.5 3.5 5.5 8.0 13.0 10.0 13.5 11.0 9.0 9.0 9.0 11.0 7.0 9.0 12.0 17.0 17.0 22.0 22.0 0 10 20 30 FY2/17 FY2/18 FY2/19 FY2/20 FY2/21 FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27(Forecast) Dividend payout ratio (%) 24.6 24.2 26.8 27.0 42.4 26.9 31.5 32.8 33.4 35.9 ー Total dividend payout ratio *1(%) 49.7 34.7 29.5 27.1 89.2 46.4 61.9 32.9 79.6 64.7 ー 1 Total amount of dividends (Billion yen) 8.17 8.11 8.10 9.89 6.22 7.96 10.51 14.86 14.46 18.53 ー Share Buybacks (Billion yen) 8.44 3.54 0.83 0.01 6.87 5.79 10.19 0.00 20.06 14.94 11.86 Treasury stock cancellation*2 (million shares) ー ー ー 1,250 ー ー ー ー ー 5,245 3,000 Mid-Term Plan 2025 Based on an annual dividend of ¥8 per share and a consolidated dividend payout ratio of 30% or more Mid-Term Plan 2028 Achieve a dividend payout ratio of 35% or more with a minimum annual dividend of ¥17 per share and implement flexible share buybacks. (Note) Conducted a 1-for-5 stock split for common shares with Feb. 28, 2026 as the record date. As a result, figures for past fiscal ye ars are calculated assuming this stock split had been already conducted. *1 Total dividend payout ratio = (Total amount of dividends + Share buyback amount) / Net income attributable to owners of paren t x 100 *2 Formulated a standard for treasury stock cancellation under which cancellation will be considered when treasury shares ex ceed 5% of total shares outstanding. （yen） Interim Year-end Reposting (4Q FY2/26 Presentation)] The dividend forecast for the fiscal year ending February 2027 will be reviewed in the future in accordance with the shareholder return policy.
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25©TOHO CO., LTD. All Rights Reserved. 25©TOHO CO., LTD. All Rights Reserved. Appendix 1 Financial Results/Outlook
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26©TOHO CO., LTD. All Rights Reserved. Trends in Operating Revenue and Operating Profit Appendix 1 Financial Results/Outlook Operating revenue Operating profit Production and Distribution business -10.1 Movie Theater business +1.3 Other Film businesses -3.6 Lease of Land and Buildings -0.1 Road -0.5 Building Maintenance +0.3 Change -6.5 (Billions of yen) (Billions of yen) 2Q FY2/26(Semi- annual period) Film business Theatrical business Real Estate business Other business 2Q FY2/27(Semi- annual period) IP & Anime business Film business 2Q FY2/26(Semi- annual period) Theatrical business Real Estate business Other business 2Q FY2/27(Semi- annual period) IP & Anime business Adjustments Change -10.2 Production and Distribution business -2.8 Movie Theater business -0.3 Other Film businesses -0.5 Lease of Land and Buildings -0.2 Road -0.3 Building Maintenance -0.0 [Updated]
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27©TOHO CO., LTD. All Rights Reserved. 57,808 60,241 50,570 59,746 61,865 58,487 59,385 64,556 74,153 65,489 63,457 80,247 85,976 77,704 70,487 79,002 84,878 106,799 89,688 79,296 88,742 96,419 10.2% 7.2% 9.6% 14.6% 6.8% 12.3% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 110,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 Overseas ratio Operating Revenue (Quarterly) Appendix 1 Financial Results/Outlook (millions of yen) Key Factors for Each Quarter 2Q FY2/27 • Strong performance in anime streaming revenue, etc. 1Q FY2/27 • Movie Theater business and Production and Distribution business performed well, thanks to hits from Group and third-party distributed titles, such as The Devil Wears Prada 2. 4Q FY2/26 • JUJUTSU KAISEN: Execution Shibuya Incident x The Culling Game Begins distributed by GKIDS in North America became a hit. 3Q FY2/26 • The Production and Distribution and Movie Theater business remained strong as a result of box office hits such as Chainsaw Man – Reze Arc and Demon Slayer. 2Q FY2/26 • The success of Demon Slayer and KOKUHO has significantly boosted the Production and Distribution and Movie Theater business. 1Q FY2/26 • Growth in merchandising rights (Godzilla) and strong streaming revenue (The Apothecary Diaries, My Hero Academia) 4Q FY2/25 • GKIDS group-in (October 2024) begins contributions 3Q FY2/25 • Character license (JUJUTSU KAISEN, etc.,) is performing well • Science SARUgroup-in (June 2024) begins contributions Overseas sales ratio FY2/26: 10.1% [Updated]
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28©TOHO CO., LTD. All Rights Reserved. FY2/26 Overseas Revenue Appendix 1 Financial Results/Outlook 23,202 26,342 6,247 8,945 1,696 1,178 31,146 36,466 9.9% 10.1% 0.0% 10.0% 0 10,000 20,000 30,000 40,000 50,000 FY2/25 FY2/26 North America Asia Other Overseas sales ratio *Sales are classified by country or region based on the location of the customer. FY2/25 FY2/26 North America 74.5% 72.2% Asia 20.1% 24.5% Other 5.4% 3.2% Sales Trends by Region Sales Composition by Region (millions of yen) [Reposting (1Q FY2/27 Presentation)]
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29©TOHO CO., LTD. All Rights Reserved. Trend in Gross Profit Margin (Quarterly) Appendix 1 Financial Results/Outlook 29,226 26,982 26,310 26,105 34,736 28,935 27,603 39,291 43,370 35,839 30,034 35,316 40,065 44,607 40,953 33,967 38,650 44,433 47.2% 46.1% 44.3% 40.4% 46.8% 44.2% 43.5% 49.0% 50.4% 46.1% 42.6% 44.7% 47.2% 41.8% 45.7% 42.8% 43.6% 46.1% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 0 10,000 20,000 30,000 40,000 50,000 60,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 Gross profit Gross profit margin （millions of yen） [Updated]
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30©TOHO CO., LTD. All Rights Reserved. Appendix 1 Financial Results/Outlook (millions of yen) FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Film business 869 944 1,017 1,130 1,106 1,258 IP & Anime business 361 381 372 412 427 467 Theatrical business 50 38 39 39 42 44 Real Estate business 1,903 1,872 1,878 1,863 1,833 1,856 Other business 9 10 10 10 9 10 Adjustments 158 160 167 168 303 315 Total 3,352 3,408 3,486 3,625 3,722 3,953 *Excluding amortization of goodwill Depreciation Expense by Segment [Updated]
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31©TOHO CO., LTD. All Rights Reserved. Trend in SG&A Expenses (Quarterly) Appendix 1 Financial Results/Outlook * Other: Outsourcing expenses, utilities expenses, maintenance and cleaning fees (mainly, system maintenance expenses), retirement benefit expenses, provision for bonuses, etc. * Due to rounding fractional figures, totals may not equal the sum of individual figures. 4,587 5,005 5,773 5,627 5,048 5,517 6,447 7,566 5,958 6,309 7,172 8,286 6,444 7,431 8,417 8,328 7,453 8,404 1,761 1,540 1,890 2,019 1,931 1,393 2,246 3,014 2,672 2,480 2,592 2,676 2,481 2,064 3,121 3,338 3,091 2,314 885 930 1,031 1,111 946 998 1,122 1,251 1,110 1,098 1,163 2,479 1,482 1,516 1,578 1,697 1,854 2,060 2,149 2,370 2,047 2,209 2,378 2,433 1,968 2,314 2,255 2,233 2,098 2,277 2,376 3,288 2,500 2,395 2,780 3,227 5,568 5,424 5,684 6,124 6,107 6,163 4,960 7,504 6,796 7,378 5,121 7,713 7,941 8,497 6,389 10,412 9,601 11,357 14,952 15,271 16,427 17,092 16,412 16,507 16,745 21,650 18,793 19,499 18,148 23,433 20,725 22,799 22,007 26,171 24,780 27,363 24.2% 26.1% 27.7% 26.5% 22.1% 25.2% 26.4% 27.0% 21.9% 25.1% 25.7% 29.7% 24.4% 21.3% 24.5% 33.0% 27.9% 28.4% 0.0% 10.0% 20.0% 30.0% 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 Personnel expenses Advertising expenses Depreciation Rent expenses on land and buildings Other SG&A ratio to sales（millions of yen） [Updated] FY27/2 2Q: “Other” factors contributing to the QoQ increase: One-off expenses related to contingent consideration, etc.
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32©TOHO CO., LTD. All Rights Reserved. 10,518 10,944 6,712 11,772 14,273 11,710 9,882 9,012 18,324 12,428 10,858 17,640 24,576 16,339 11,885 11,883 19,339 21,807 18,945 7,796 13,869 17,069 18.2% 18.2% 13.3% 19.7% 23.1% 20.0% 16.6% 14.0% 24.7% 19.0% 17.1% 22.0% 28.6% 21.0% 16.9% 15.0% 22.8% 20.4% 21.1% 9.8% 15.6% 17.7% -0.5 -0.4 -0.3 -0.2 -0.1 0 0.1 0.2 0.3 0.4 0 5,000 10,000 15,000 20,000 25,000 30,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 Operating profit margin Operating Profit (Quarterly) Appendix 1 Financial Results/Outlook (millions of yen) Key Factors for Each Quarter 2Q FY2/27 • One-off expenses related to contingent consideration • Increase in upfront investments for overseas business (SG&A expenses such as personnel costs) 1Q FY2/27 • Due to the company split implemented by TOHO Global 4Q FY2/26 • Rise in depreciation of games released in FY2/26 • One-off expenses associated with revaluation of contingent consideration 3Q FY2/26 • Box office hits such as Exit 8 and Chainsaw Man – Reze contributed to the Production and Distribution and Movie Theater business. 2Q FY2/26 • The success of Demon Slayer and KOKUHO has significantly boosted the Production and Distribution and Movie Theater business. 1Q FY2/26 • Growth in merchandising rights (Godzilla) and strong streaming revenue (The Apothecary Diaries, My Hero Academia) • Increase in expenses related to theatrical performances Decreased major repair and maintenance costs in Lease of Land and Buildings business 4Q FY2/25 • Recognize temporarily expenses for future demolition of the TEIGEKI BLDG. • Commencement of amortization of goodwill and intangible assets following GKIDS's group-in (October 2024) 3Q FY2/25 • Character license (JUJUTSU KAISEN, etc.,) is performing well • Commencement of amortization of goodwill and intangible assets following Science SARU's group-in (June 2024) [Updated] -¥2.2B
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33©TOHO CO., LTD. All Rights Reserved. Operating Profit Margin by Segment Appendix 1 Financial Results/Outlook (%) FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q Total Company-wide 18.2 18.2 13.3 19.7 17.5 23.1 20.0 16.6 14.0 18.4 24.7 19.0 17.1 22.0 20.9 28.6 21.0 16.9 15.0 20.7 22.8 20.4 21.1 9.8 18.8 15.6 17.7 16.7 Film business 16.1 18.8 9.3 22.6 17.2 23.4 20.7 15.5 14.2 18.4 25.8 22.0 16.5 26.6 23.2 33.5 25.2 17.3 18.5 24.3 22.5 22.3 23.6 10.3 20.4 22.1 20.5 21.3 Production and Distribution business *1 21.9 26.4 22.2 41.9 28.5 40.9 35.9 34.3 22.3 33.1 41.8 35.9 23.6 46.9 38.5 50.0 39.0 28.8 29.8 39.5 32.2 27.7 35.8 14.0 29.1 33.6 25.7 29.747.6 33.7 18.9 32.6 36.3 Movie Theater business 2.3 5.7 ー 7.1 2.9 12.0 15.4 3.7 8.4 10.4 20.1 16.2 6.7 10.2 14.1 17.8 15.5 4.7 11.3 12.9 17.9 21.3 16.8 9.6 17.0 17.5 19.9 18.8 Other Film businesses*1 24.7 28.5 18.5 27.5 25.1 22.4 19.3 15.3 15.2 17.7 19.4 20.1 21.0 28.6 23.2 34.0 23.4 21.6 19.3 24.4 17.3 4.3 10.8 7.3 9.6 9.4 5.7 7.515.9 1.7 9.3 8.2 8.9 IP & Anime business*1 42.7 34.9 29.6 21.4 32.0 33.3 23.8 24.3 10.8 23.0 2.8 21.9 13.8 Theatrical business 16.8 18.0 24.5 0.5 25.3 16.2 9.6 20.5 12.5 15.2 22.5 1.2 20.6 15.2 15.5 19.2 4.9 20.6 24.0 18.0 1.4 16.6 23.7 17.9 15.5 8.1 10.0 8.8 Real Estate business 29.6 23.6 23.5 24.4 25.3 29.7 27.5 25.8 22.2 26.3 29.4 24.2 25.8 22.5 25.5 23.2 21.8 22.8 16.9 21.1 29.6 23.5 22.0 21.0 24.0 27.2 22.2 24.7 Lease of Land and Buildings 46.6 40.7 42.4 43.1 43.2 43.6 43.8 42.2 35.4 41.2 45.4 37.6 38.0 36.8 39.4 30.1 30.6 32.0 20.6 28.3 39.8 33.7 33.1 29.8 34.1 38.0 33.8 35.9 Road 21.0 11.0 10.8 14.3 14.5 24.1 16.5 14.7 14.2 17.6 21.0 14.6 18.7 12.6 16.8 19.2 14.1 14.7 15.0 15.9 23.0 14.3 12.4 15.2 16.4 19.6 12.5 16.2 Building Maintenance 9.0 10.7 2.7 7.2 7.4 9.0 9.0 9.6 9.5 9.3 9.0 12.8 9.9 10.7 10.7 12.1 10.1 12.4 10.0 11.2 13.8 11.9 9.8 8.1 10.9 13.8 9.1 11.5 *2 Operating profit margin: Negative figures are indicated by “ ー.” *3 Accounting Standard for Revenue Recognition" is applied from the fiscal year ended February 28, 2023. *1 Other Film businesses were called the Production and Licensing business until the fiscal year ended February 2025. Effective from the fiscal year ending February 2026, some operations from the Production and Distribution and the Production and Licensing business have been transferred to the newly established IP&Anime business. *4 Italicized figures for the fiscal year ended February 28, 2025, indicate the operating profit margin for the fiscal year e nding February 2025 following the segment change. [Updated]
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34©TOHO CO., LTD. All Rights Reserved. 2Q FY2/26(Semi- annual period) 2Q FY2/27(Semi- annual period) YoY change Streaming 11,431 14,545 3,114 Character license 5,050 4,066 -984 Merchandise sales 1,727 1,715 -11 Home entertainment 576 958 381 Games 813 1,283 470 Royalty and others 1,864 2,206 342 Total 21,463 24,775 3,312 Appendix 1 Financial Results/Outlook Breakdown of IP & Anime Business (Accounting Basis) TOHO animation’s operating revenue by source(p.35-36) IP & Anime business: breakdown of revenue from contracts with customers (p.9) 2Q FY2/26(Semi- annual period) 2Q FY2/27(Semi- annual period) YoY change Production and licensing of video content 15,649 19,207 3,557 Licensing of merchandising rights 8,092 6,332 -1,760 Sales and merchandising 9,646 12,909 3,262 Other* 3,925 4,684 758 Total 37,313 43,132 5,818 Japan Overseas Anime (TOHO animation/Products & Licensing Dept.) Anime （TOHO Global*2) Streaming Streaming Character license Character license Merchandise sales Merchandise sales Games Games Royalty and others Royalty and others Other than anime (Products & Licensing Dept.) Other than anime （TOHO Global*2) Goods, pamphlets, etc. of other companies’ anime titles and live-action films Video content sales and merchandise sales of live-action films Godzilla (Godzilla Dept.) Godzilla (TOHO Global*2) Royalty and others, streaming, merchandise sales, character license Streaming, merchandise sales, character license Production companies Production companies TOHO animation STUDIO IGLOO STUDIO CO., LTD. (Entity accounted for using equity method) Science SARU Inc. CJ ENM FIFTH SEASON LLC (Entity accounted for using equity method) Other subsidiaries Other subsidiaries TOHO STELLA Co., Ltd. GKIDS Inc. TOHO MUSIC CORPORATION Anime Limited IP & Anime Business by organization TOHO animation Products & Licensing Dept./ Godzilla Dept. Other*1 TOHO Global*2 Japan Overseas IP & Anime Business by element （millions of yen）（millions of yen） *1 TOHO animation STUDIO Inc., Science SARU Inc., TOHO STELLA Co., Ltd., TOHO MUSIC CORPORATION *2 TOHO Global Inc., Toho International, Inc., TOHO Entertainment Asia Pte. Ltd.,GKIDS, INC., TOHO Europe Limited, Anime Limited [Updated] • A portion of overseas pre-adjustment 2Q operating revenue (July and August; conventional basis) shifted to 3Q due to the consolidation adjustment (company split, see p.10-11). • The 2Q total of ¥24,775 million below is estimated to be ¥30,104 million on a pre -adjustment (conventional) basis.
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35©TOHO CO., LTD. All Rights Reserved. Appendix 1 Financial Results/Outlook ・ The scope of this table covers works under the label of TOHO animation and equivalents. This material was independently prepared from the viewpoint of enhancing information on the anime business, and may not be consistent with the figures in other financial materials. Operating Revenue by Sales Source 2Q FY2/26 (Semi-annual period) 2Q FY2/27 (Semi-annual period) Change Percentage change Change Factors Composition ratio Japan 13,432 14,647 1,214 9.0% Game and Merchandise sales performed well, while Streaming ( The Apothecary Diaries, Haikyu!!, etc.) showed favorable performance in 2Q FY2/26. 59.1％ Overseas 8,030 10,128 2,097 26.1% Streaming: JUJUTSU KAISEN, SNOWBALL EARTH, Dorohedoro, etc., performed well. Character license: JUJUTSU KAISEN, etc., performed well in 2Q FY2/26. 40.9％ Sales Composition in Japan and Overseas (Excludes theater release in Japan) (millions of yen) (millions of yen) TOHO animation’s Operating Revenue by Source and Sales Composition in Japan and Overseas (Accounting Basis) Reference: Theater release (Japan) 504 34 -470 -93.2% In the previous fiscal year, we theatrically released JUJUTSU KAISEN Hidden Inventory / Premature Death. 2Q FY2/26 (Semi-annual period) 2Q FY2/27 (Semi-annual period) Change Percentage change Major factors of changes Composition ratio Streaming (Streaming usage fee revenue) 11,431 14,545 3,114 27.2% JUJUTSU KAISEN, SNOWBALL EARTH, Dorohedoro, etc., performed well. 58.7％ Character license (Licensing contact revenue) 5,050 4,066 -984 -19.5% My Hero Academia performed well, while JUJUTSU KAISEN, etc., contributed to the performance overseas in 2Q FY2/26. 16.4％ Merchandise sales (Merchandise revenue) 1,727 1,715 -11 -0.7% JUJUTSU KAISEN and My Hero Academia performed well, while sales of Haikyu!!, etc. increased in 2Q FY2/26. 6.9％ Home entertainment (Revenue from sales of Blu-ray, etc.) 576 958 381 66.3% The Apothecary Diaries contributed to the performance in 2Q FY2/26, while JUJUTSU KAISEN, Frieren: Beyond Journey’s End, etc., performed well in 2Q FY2/27. 3.9％ Game (Royalty revenue mainly from collaborated works) 813 1,283 470 57.9% Jujutsu Kaisen Phantom Parade, etc., contributed to the performance. 5.2％ Royalty and others (Royalty revenue from works handled by other companies) 1,864 2,206 342 18.4% Events for My Hero Academia, etc., performed well, while the previous fiscal year benefited from Haikyu!! event, etc. 8.9％ Total 21,463 24,775 3,312 15.4% ・The timing of revenue recognition for each source is as follows (Streaming and Character license: At the commencement of the right-to-use license for intellectual property, Merchandise sales and Home entertainment: Upon delivery of products to customers; Royalty and Games: Upon receipt of reporting statements; Theater release: Upon exhibition of films) [Updated] • A portion of overseas pre-adjustment 2Q operating revenue (conventional basis) shifted to 3Q due to the consolidation adjustment (company split, see p.10-11). • The 2Q total of ¥24,775 million below is estimated to be ¥30,104 million on a pre -adjustment (conventional) basis. • Overages from overseas streaming sales generated, but shifted to 3Q due to consolidation adjustment.
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36©TOHO CO., LTD. All Rights Reserved. Appendix 1 Financial Results/Outlook Overseas ratio （millions of yen） TOHO animation: Revenue by Source (Quarterly, Accounting Basis) (1) Streaming 1,724 1,349 3,029 3,251 2,961 2,430 5,490 7,551 5,047 5,872 5,302 5,619 6,801 4,629 6,028 6,247 4,868 9,677 Streaming (Historical basis (before company split)) 11,216 8,658 (2) Character license 1,907 1,037 1,980 1,355 1,621 1,811 2,483 2,000 1,688 3,192 3,471 2,832 2,290 2,760 2,636 3,245 1,687 2,378 (3) Merchandise sales 526 747 798 456 859 574 747 2,338 1,463 3,517 1,770 1,353 816 910 950 885 699 1,016 (4) Home entertainment 329 263 1,670 341 517 357 585 1,391 1,133 655 809 544 221 354 296 454 428 529 (5) Royalty and others 270 467 372 297 322 544 762 2,017 1,166 391 1,218 1,344 1,618 1,059 1,653 1,390 1,603 1,866 (Game included in the above) 409 403 332 718 745 538 Theater release 1,365 623 427 921 1,856 226 131 6,982 4,120 2,426 473 63 135 368 965 174 19 15 (Reference) Ratio of archived works revenue to (1) Streaming revenue (Archived works: Works distributed prior to the quarterly period under review) In order from the top (1) Streaming (2) Character license (3) Merchandise sales (4) Home entertainment (5) Royalty and others (See the previous page for details on each source) 4,758 3,865 7,853 5,703 6,282 5,719 10,069 15,298 10,500 13,629 12,572 11,694 11,749 9,713 11,564 12,222 9,287 15,487 37.5% 24.1% 32.4% 63.3% 41.6% 42.5% 45.0% 40.5% 20.4% 38.5% 42.4% 42.6% 33.9% 41.7% 36.8% 45.0% 21.8% 52.3% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 0 5,000 10,000 15,000 20,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 [Updated] 14,002 (Ref: historical basis) 74.7% 98.2% 99.7% 86.7% 75.0% 86.4% 60.8% 77.4% 93.1% 83.7% 0.4 0.5 0.6 0.7 0.8 0.9 1 * A portion of overseas pre-adjustment2Q FY2/27 operating revenue (July and August; conventional basis) shifted to 3Q due to the consolidation adjustment (company split, see p.10-11). * Due to changes in the management accounting system effective FY2/26, the aggregation method for past figures differs from previous practices. * Game includes representation titles and collaboration works related to anime. * Overseas sales include mainly at “Streaming” and “Character license.” (Ref: historical basis) 47.２% 16,102 (Ref: historical basis)
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37©TOHO CO., LTD. All Rights Reserved. 6,817 9,414 11,143 5,540 11,616 12,428 12,563 9,005 0 5,000 10,000 15,000 20,000 FY2/24 FY2/25 FY2/26 FY2/27 FY2/24 FY2/25 FY2/26 FY2/27 TOHO animation: Streaming and Character License Revenue Source (Quarterly, Accounting Basis) Appendix 1 Financial Results/Outlook Streaming Character license OverseasJapan （millions of yen） 3,770 5,912 5,705 2,905 4,145 5,272 5,227 1,160 0 2,000 4,000 6,000 8,000 FY2/24 FY2/25 FY2/26 FY2/27 FY2/24 FY2/25 FY2/26 FY2/27 OverseasJapan （millions of yen） 4Q 2,189 2,357 2,478 5,361 3,262 3,768 3Q 2,338 1,647 2,778 3,151 3,655 3,249 2Q 905 2,160 2,171 2,327 1,525 3,711 2,458 7,349 1Q 1,383 3,247 3,715 3,212 1,578 1,800 3,086 1,655 4Q 1,168 1,109 1,513 831 1,723 1,732 3Q 1,107 1,796 1,627 1,375 1,674 1,009 2Q 907 1,663 1,172 1,585 903 1,529 1,587 792 1Q 586 1,343 1,392 1,319 1,034 345 898 368 [Updated] ・Revenue from video streaming and character licensing drove steady growth in the anime business. ・A portion of overseas pre-adjustment 2Q FY2/27 operating revenue (July and August; conventional basis) shifted to 3Q due to the consolidation adjustment (company split, see p.10-11). Overseas streaming revenue reached a record high in 2Q FY2/27
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38©TOHO CO., LTD. All Rights Reserved. Appendix 1 Financial Results/Outlook Non-operating Income/Expenses and Depreciation FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Interest income 107 237 174 90 189 199 Dividend income 21 1,208 11 780 37 2,666 Foreign exchange gains ー ー 3 124 192 111 Other 342 231 30 1,165 64 35 Total non-operating income 470 1,677 219 2,160 483 3,013 Interest expenses 3 5 1 107 11 3 Share of loss of entities accounted for using equity Method 757 214 557 583 549 676 Foreign exchange Losses 115 3 -118 ー ー ー Other 5 -2 36 6 49 19 Total non-operating expenses 881 221 476 697 609 698 2Q FY2/26(Semi- annual period) 2Q FY2/27(Semi- annual period) Change Primary Change Factors Interest income 344 389 44 ー Dividend income 1,229 2,704 1,474 Increase of dividend income Foreign exchange gains ー 303 303 ー Other 573 100 -473 Absence of subsidy income recorded in 2Q FY2/26 Total non-operating income 2,147 3,497 1,349 ー Interest expenses 8 14 6 ー Share of loss of entities accounted for using equity Method 972 1,225 253 Increase in losses at FIFTH SEASON Foreign exchange losses 118 ー -118 Other 2 68 65 ー Total non-operating expenses 1,102 1,308 206 (millions of yen)(millions of yen) [Updated]
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39©TOHO CO., LTD. All Rights Reserved. Appendix 1 Financial Results/Outlook Extraordinary Income/Losses FY2/26 FY2/27 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Gain on sale of investment Securities ー 8,913 ー ー ー ー Other ー ー 200 ー ー ー Total extraordinary income ー 8,913 200 ー ー ー Impairment losses ー ー ー 523 ー 56 Demolition cost of non- Current assets 574 115 ー 760 520 656 Loss on valuation of investment securities ー ー ー 60 ー ー Provision for loss on Anti-Monopoly Act ー ー 1,059 258 ー ー Other ー ー 1,059 258 ー 22 Total extraordinary losses 574 115 1,059 1,602 520 735 (millions of yen)(millions of yen) [Updated] 2Q FY2/26 (Semi-annual period) 2Q FY2/27 (Semi-annual period) Change Primary Change Factors Gain on sale of investment securities 8,913 ー -8,913 2Q FY2/26: Sale of cross shareholdings (MARUI GROUP CO., LTD. and IMAGICA GROUP Inc.) Total extraordinary income 8,913 ー -8,913 - Impairment losses ー 56 56 - Demolition cost of non- Current assets 689 1,177 488 Demolition costs in the Real Estate business (Chiyoda-ku) Other ー 22 22 - Total extraordinary losses 689 1,256 567 -
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40©TOHO CO., LTD. All Rights Reserved. Balance Sheet Appendix 1 Financial Results/Outlook As of Feb. 28, 2026 As of Aug 31, 2026 Change Change Factors Current assets 234,036 228,844 -5,191 Notes and accounts receivable - trade, and contract assets: +13,001, Cash and deposits: +6,803, Other: +5,386, Inventories: +5,053, Securities: -35,383, etc. (Reference) Inventory balance* 1: 26,228 Non-current assets 468,897 487,797 18,899 Property, plant and equipment 247,927 256,708 8,781 Buildings and structures: +3,462, Land: +3,419, etc. Intangible assets 30,739 32,742 2,003 Software: +4,458, Goodwill: +1,935, Other: -4,390 Investments and other assets 190,230 198,345 8,114 Investment securities: +8,180, etc. (Reference) Breakdown of investments and other assets as of August 31, 2026 (Investment securities: 172,384, etc.) Total assets 702,934 716,641 13,707 Current liabilities 95,252 97,835 2,582 Accounts payable-trade: +9,559, Other: -3,378, Income taxes payable: -2,772, etc. (Reference) Balance of short-term borrowings: 30, Balance of current portion of long-term borrowings: 300 Non-current liabilities 74,691 77,171 2,479 Other: +2,084, etc. (Reference) Balance of long-term borrowings: 1,142 Total liabilities 169,943 175,006 5,062 Total Shareholders’ equity 446,986 443,896 -3,089 Profit attributable to owners of parent: +20,019, Treasury shares: -11,866*2, Retained earnings: -11,332 Total Accumulated other comprehensive income 68,381 79,883 11,501 Valuation difference on available-for-sale securities: +9,993, Foreign currency translation adjustment: +1,583, etc. Non-controlling interests 1７,622 17,856 233 - Total net assets 532,990 541,635 8,645 Total liabilities and net assets 702,934 716,641 13,707 （millions of yen） Equity ratio 73.3% 73.1% -0.2 point *1 Includes films and anime works and works in progress primarily produced by the Company (for produced films, 85% amortized in the release month and the remaining 15% in the following half -year). *2 Acquired 7,500,000 treasury shares and cancelled 30,000,000 treasury shares in Apr. 2026. [Updated]
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41©TOHO CO., LTD. All Rights Reserved. Appendix 1 Financial Results/Outlook FY2/26 FY2/27 1Q-end 2Q-end 3Q-end 4Q-end 1Q-end 2Q-end 3Q-end 4Q-end Film business 6,813 5,557 6,583 6,171 8,366 8,381 IP & Anime business 9,268 9,819 10,247 9,047 9,240 10,903 Theatrical business 74 80 87 109 123 113 Real Estate business 36 33 43 36 47 51 Works in progress total 16,193 15,490 16,961 15,366 17,777 19,449 Works in Progress by Segment (including Inventories on B/S) （millions of yen） [Updated]
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42©TOHO CO., LTD. All Rights Reserved. Cash Flows Statement Appendix 1 Financial Results/Outlook 2Q FY2/27(Semi- annual period) Main components Cash flows from operating activities 19,144 Profit before income taxes: 31,871; Increase in trade payables: 9,110; Depreciation: 7,676; Income taxes paid: -14,733; Decrease in accounts receivable - trade, and contract assets: -12,245 Cash flows from investing activities -4,489 Proceeds from sale of securities: 52,000; Purchase of securities: -25,967; Purchase of property, plant and equipment: -16,479; Payment for settlement of contingent consideration: -11,263 Cash flows from financing activities -23,928 Purchase of treasury shares: -11,867; Dividends paid: -11,305 Effect of exchange rate change on cash and cash equivalents 382 Net increase (decrease) in cash and cash equivalents -8,891 Cash and cash equivalents at beginning of period 86,683 Cash and cash equivalents at end of period 77,792 (millions of yen) [Updated]
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43©TOHO CO., LTD. All Rights Reserved. Financial Forecast for FY2/27 (2Q revision: Profit attributable to owners of parent only) Financial Highlights Operating revenue FY2/26 (Results) FY2/27 (Initial forecast retained) Film business 182,617 165,800 Production and Distribution business 64,368 60,700 Movie Theater business 97,585 88,700 Other Film businesses 20,663 16,400 IP & Anime business 75,265 84,100 Theatrical business 22,310 15,300 Real Estate business 79,179 75,700 Lease of Land and Buildings business 37,779 36,900 Road business 29,611 28,600 Building Maintenance Business 11,788 10,200 Other business 1,291 4,100 Operating profit FY2/26 (Results) FY2/27 (Initial forecast retained) Film business 37,302 33,000 IP & Anime business 17,296 22,000 Theatrical business 3,463 2,000 Real Estate business 19,030 18,000 Other business 66 -1,000 Adjustments -9,270 -12,000 FY2/26 (Results) FY2/27 (Initial forecast revision: Net income only) Operating revenue 360,663 345,000 Operating profit 67,889 62,000 Ordinary profit 70,140 67,000 Profit attributable to owners of parent 51,768 48,000 (Revised from 41,000) （millions of yen) （millions of yen) （millions of yen) Underlying assumptions for the initial forecast • Not incorporated: If realized, (+) Upside factors / (-) Downside factors to the initial forecast ➢ TOHO CINEMAS admission fee revision (+) ➢ Sales of real estate (some properties with minor profit impact) (+) ➢ Partial sale of strategic shareholdings (+) ➢ Partial impact of TOHO Global company split (-) • Share of profit/loss of entities accounted for using equity method: Incorporated at an average-year level, factoring in uncertainties. • Extraordinary income/losses: Incorporated 2.0 billion yen in dismantling costs of fixed assets. Upward revision of net income (profit attributable to owners of parent) by 7.0 billion yen to reflect the sale of policy-held shares in 3Q. Non-net income forecasts are kept unchanged to carefully assess the initial performance of major second-half releases. [Updated: Profit attributable to owners of parent figures only]
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44©TOHO CO., LTD. All Rights Reserved. 44©TOHO CO., LTD. All Rights Reserved. Appendix 2 Film Business
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45©TOHO CO., LTD. All Rights Reserved. Appendix 2 Film Business Films distributed by TOHO CO.,LTD Lineup (https://www.toho.co.jp/movie/lineup) (Japanese only) (1)Representation/Co-rep titles. (2)Box-office revenues of one billion yen or more as of September -end 2026 Underline indicates update from Jul. 2026 Financial Results Presentation material. Film Business: TOHO Distribution Lineup for FY2/27 and Beyond 48 titles in total (as of Oct.15) including 7 titles under representation by TOHO, 27 invested titles, and 12 TOHO NEXT titles(p.47 ） [Updated (as of Oct. 15, 2026)] FY2/27 titles Release date (1) (2) GOLDEN KAMUY - THE ABASHIRI PRISON RAID Mar. 13, 2026 ✓ The Last Song You Left Behind Mar. 20 ✓ Chimney Town: Frozen in Time Mar. 27 Detective Conan: Fallen Angel of the Highway Apr. 10 ✓ One Last Love Letter Apr. 17 ✓ SAKAMOTO DAYS Apr. 29 ✓ Your Own Quiz May 15 Sheep in the Box May 29 Mr. Osomatsu :Project Slackers Jun. 12 Kiki's Delivery Service (4K Digital Remaster) Jun. 19 KINGDOM: THE CLASH OF SOULS Jul. 17 ✓ Chiikawa The Movie: The Secret of Mermaid Island Jul. 24 ✓ Crayon Shinchan the Movie: Spooky! My Yokai Vacation Jul. 31 ✓ BLUE LOCK Aug. 7 ✓ Bayside Shakedown NEW: Run Through Metropolis! Sep. 18 ✓ You, Like a Star Oct. 9 ✓ The Man Who Stole The Sun (4K Digital Remaster) Oct. 16 In the Clear Moonlit Dusk Oct. 23 Whisper of the Heart (4K Digital Remaster) Oct. 23 The Secret World of Arrietty (4K Digital Remaster) Oct. 23 GODZILLA MINUS ZERO Nov. 3 ✓ Witch on the Holy Night Nov. 20 FY2/27 titles Release date (1) (2) The Apothecary Diaries: The Late Lady’s Treasure Dec.11 ✓ SUKIYAKI (Tentative Title) Dec. 25 Sins of Kujo the Movie Jan.8, 2027 The Tiger and Her Wings The Movie Jan.15 ✓ KAIJI4（Tentative Title） Jan. 29 Leviathan（Tentative title） Feb. 11 ✓ The Gate of Murder Feb. 19 Titles scheduled for FY2/28 onward / titles with release dates yet to be determined Release date (1) (2) AARO -All-domain Anomaly Resolution Office Spring 2027 Doraemon the Movie: Nobita’s Steam-Powered Time Machine Mar.5, 2027 Haikyu!! The Second Theatrical Film 2027 ✓ Pokémon: Wild Card 2027 HAHA NO MATSU SATO (Tentative title) Fall 2027 TOKYO MER:Mobile Emergency Room - Capital Crisis Release date to be determined.
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46©TOHO CO., LTD. All Rights Reserved. The Apothecary Diaries: The Late Lady’s Treasure Scheduled for theatrical release on December 11 The Tiger and Her Wings The Movie Scheduled for theatrical release on January 15, 2027 KAIJI4（Tentative Title） Scheduled for theatrical release on January 29, 2027 Sins of Kujo the Movie Scheduled for theatrical release on January 8, 2027 SUKIYAKI (Tentative Title) Scheduled for theatrical release on December 25 Leviathan（Tentative title） Scheduled for theatrical release on February 11, 2027 Appendix 2 Film Business Film Business: Upcoming Titles [New] Witch on the Holy Night Scheduled for theatrical release on November 20 The Gate of Murder Scheduled for theatrical release on February 19, 2027 In the Clear Moonlit Dusk Scheduled for theatrical release on October 23 GODZILLA MINUS ZERO Scheduled for theatrical release on November 3 ©1979 TOHO CO., LTD. / Tristone Entertainment, Inc. ©凪良ゆう／講談社 ©2026映画『うるわしの宵の月』製作委員会 ©やまもり三香／講談社 © 1995 Aoi Hiiragi, Shueisha/Hayao Miyazaki/Studio Ghibli, NH © 2010 Mary Norton/Keiko Niwa/Studio Ghibli, NDHDMTW © 2026 TOHO ©奈須きのこ・ TYPE-MOON / アニプレックス・ノーツ・ufotable ©2026 劇場版「薬屋のひとりごと」製作委員会 ©日向夏・イマジカインフォス © 2026 映画「SUKIYAKI 上を向いて歩こう」製作委員会 (C)2027映画「九条の大罪」製作委員会 (C)真鍋昌平／小学館 Ⓒ2027 劇場版「虎に翼」製作委員会 ©福本伸行・講談社／２ ０２7映画「カイジ 人生リベンジゲーム」製作委員会 ©2027「リバイアサン」製作委員会 ©黒井白／AC Media ©2027「殺人の門」製作委員会 The Secret World of Arrietty (4K Digital Remaster) Scheduled for theatrical release on October 23 The Man Who Stole The Sun (4K Digital Remaster) Scheduled for theatrical release on October 16 Whisper of the Heart (4K Digital Remaster) Scheduled for theatrical release on October 23
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47©TOHO CO., LTD. All Rights Reserved. Appendix 2 Film Business TOHO NEXT Label (Film business) FY2/27 titles Release date(1) (2) GEMNIBUS vol.2 Mar.6,2026 ✓ Touken Ranbu the Stage Live Viewing Mar. 8 Utano☆Princesama ALL STAR STAGE -Happy Celebration- Live Viewing Mar. 22 2025 INI LIVE [XQUARE - MASTERPIECE] – LIVE FILM Mar. 27 ONE OK ROCK DETOX JAPAN TOUR 2025 AT NISSAN STADIUM IN CINEMAS Apr. 17 SUPER BEAVER LIVE & DOCUMENTARY -Where We Are- May 22 Never After Dark Jun. 5 You are the Film Jun. 19 THE ORIGIN OF ULTRAMAN Jul. 3 WE ARE ALIENS Sep. 25 HANA 1st TOUR 2026 “Born to Bloom” TOUR FINAL LIVEVIEWING Oct. 31 10 Things I Want to Do Before I Turn 40: The Movie Jan.22.2027 [Updated (as of Oct. 15, 2026)] TOHO NEXT / GKIDS Distribution Lineup for FY2/27 titles Release date KIKI’S DELIVERY SERVICE Mar. 13, 2026 THE KILLER 4K Restoration Apr. 5 Chao Apr. 10 The Secret World of Arrietty Apr. 21 Whisper of the Heart Apr. 21 DECORADO May 15 Tekkonkinkreet REMASTERED IN 4K May 31, Jun. 1 ANOTHER WORLD Jun. 5 STUDIO GHIBLI FEST 2026 Jun. – Oct. Adolescence of UTENA Jun. 21, 22 EVANGELION 30th MOVIE Fest Jul. 21, 22 YOUR NAME. Aug. 14 The Last Blossom Aug. 30, 31 Cocoon – One Summer of Girlhood Sep. 4 Shaun The Sheep: The Beast of Mossy Bottom Sep.18 5 Centimeters Per Second Oct. 23 GODZILLA MINUS ZERO Nov. 6 LOOK BACK 2026 Vampire Hunter D: Bloodlust TBD GKIDS major distribution titles (IP & Anime business) GKIDS distribution lineup (https://gkids.com/films-series/) Underline indicates update from Jul. 2026 Financial Results Presentation material.
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48©TOHO CO., LTD. All Rights Reserved. Appendix 2 Film Business Paramount Pictures titles Release date The SpongeBob Movie: Search for SquarePants Apr. 1, 2026 Billie Eilish: HIT ME HARD AND SOFT: THE TOUR(LIVE IN 3D) May 8 TOP GUN The 40th ANNIVERSARY May 13 Scream 7 Jun. 19 Scary Movie Jun. 26 Passenger Jul. 10 PAW Patrol: The Dino Movie Jul. 24 Heart Of The Beast Sep. 25 Street Fighter Oct. 16 Ebenezer: A Christmas Carol Nov. 13 Focker In-Law Jan. 8, 2027 Domestic distribution titles (mainly TOHO-TOWA) Universal Pictures titles and others Release date Wicked: For Good Mar. 6, 2026 Gabby's Dollhouse: The Movie Mar. 13 The Super Mario Galaxy Movie Apr. 24 Minions & Monsters Aug. 7 Disclosure Day Oct. 1 Other Mommy Nov. 20 Violent Night 2 Dec. 4 Sons of the Neon Night Dec. 11 Heartsping: Teenieping of Love Mar. 19, 2027 Not Alone 2027 Royal Ballet and Opera in Cinema 2026/27 Scheduled for sequential release Paris Opera in Cinema 2027 Scheduled for sequential release TOHO-TOWA distribution lineup (https://tohotowa.co.jp/) (Japanese only) TOWA PICTURES distribution lineup (https://towapictures.co.jp/) (Japanese only) Underline indicates update from Jul. 2026 Financial Results Presentation material. Film Business: Foreign Films / GKIDS Distribution Lineup for FY2/27 [Updated (as of Oct.15, 2026)] Warner Bros. titles Release date The Bride! Apr. 3, 2026 They Will Kill You May 8 Lee Cronin's The Mummy May 15 Mortal Kombat II Jun. 5 Supergirl Jun. 26 Flowervale Street Aug. 14 Harry Potter and The Sorcerer's Stone Aug. 28 Digger Oct. 9 Clayface Oct. 30 Practical Magic 2 Nov. 27 Dune: Part Three Dec. 18 The Cat in the Hat Dec. 25 Remain Feb. 2027
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49©TOHO CO., LTD. All Rights Reserved. Film Business: Domestic Box Office – One Billion Yen or More for FY2/27 Appendix 2 Film Business Films distributed by TOHO-TOWA CO.,LTD. etc. (Billions of yen) Films distributed by TOHO CO.,LTD (Billions of yen) Title Release date Box office revenue Chiikawa The Movie: The Secret of Mermaid Island Jul. 24, 2026 16.95 Detective Conan:Fallen Angel of the Highway Apr. 10, 2026 13.70 KINGDOM: THE CLASH OF SOULS Jul. 17, 2026 6.84 Crayon Shinchan the Movie: Spooky! My Yokai Vacation Jul. 31, 2026 2.84 SAKAMOTO DAYS Apr. 29, 2026 2.81 Bayside Shakedown NEW: Run Through Metropolis! Sep. 18, 2026 2.37 GOLDEN KAMUY - THE ABASHIRI PRISON RAID Mar. 13, 2026 1.54 BLUE LOCK Aug. 7, 2026 1.36 One Last Love Letter Apr. 17, 2026 1.10 Title Release date Box office revenue The Super Mario Galaxy Movie Apr.24, 2026 7.94 Minions & Monsters Aug. 7, 2026 2.38 Wicked: For Good Mar. 6, 2026 2.20 [Updated (as of Sep. 30, 2026)] Underline indicates update from Jul. 2026 Financial Results Presentation material.
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50©TOHO CO., LTD. All Rights Reserved. 235.5 228.5 222.5 261.1 143.2 161.8 213.1 221.4 206.9 274.4 Box-office revenue(JAPAN) 85.4 62.0 60.5 77.1 71.9 66.6 62.8 77.5 91.3 143.8 10.1 24.2 21.6 10.9 3.8 8.7 30.4 28.1 9.2 16.7 95.5 86.2 82.1 87.9 75.7 75.3 93.2 105.5 100.5 160.5 40.6% 37.7% 36.9% 33.7% 52.9% 46.5% 43.8% 47.7% 48.3% 57.9% 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0 50 100 150 200 250 300 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TOHO TOHO-TOWA, TOWA PICTURES Share Appendix 2 Film Business (Billions of yen) *Box office revenue for films distributed by Distribution Division, TOHO-TOWA and TOWA PICTURES 12,593 16,373 10,196 10,808 1,973 5,103 10,760 7,489 6,771 8,315 6,438 8,484 9,904 11,731 7,993 9,635 12,397 11,096 7,372 10,028 11,220 10,223 7,163 9,793 10,969 16,401 11,574 10,058 12,005 14,229 0 5,000 10,000 15,000 20,000 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/20 FY2/21 FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 (Thousands) Weathering With You, Aladdin, and Toy Story 4 became blockbusters Demon Slayer: Kimetsu no Yaiba Infinity Castleand KOKUHO became blockbusters [Updated] * Box-office revenue (JAPAN) includes ODS but excludes live streaming. Figures for TOHO box-office revenue includethose of TOHO NEXT works from 2024 onward. * Share percentages represent the ratios of total box-office revenue of TOHO, TOHO-TOWA, and TOWA PICTURES to box-office revenue (Japan). Share percentages for 2024 and 2025 are calculated excluding live streaming events, in line with the calculation method adopted by the Motion Picture Producers Association of Japan, Inc. Trends in Annual Domestic Box-Office Revenue* of the TOHO Group and Movie Theater Attendance in the Movie Theater Business Chiikawa The Movie: The Secret of Mermaid Island became blockbusters
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51©TOHO CO., LTD. All Rights Reserved. Appendix 2 Film Business 6.2 7.8 3.9 9.1 6.4 6.4 12.9 7.9 8.2 15.3 11.2 13.1 8.1 7.8 7.6 3.8 7.1 2.3 6.9 22.5 8.5 10.6 27.0 14.9 6.5 18.7 8.2 3.1 12.1 3.4 9.2 4.9 5.6 0.4 0.4 0.2 0.5 0.7 0.4 0.7 2.1 1.7 0.1 1.3 3.3 0.3 2.5 4.7 0.3 2.5 1.1 1.6 0.7 0.7 3.3 4.2 3.1 0.6 1.1 0.9 0.2 0.1 0.5 0.0 0.1 0.4 6.7 8.3 4.1 9.6 7.2 6.9 13.6 10.0 10.0 15.5 12.5 16.5 8.5 10.3 12.4 4.1 9.7 3.4 8.5 23.2 9.2 14.0 31.2 18.0 7.1 19.9 9.1 3.4 12.3 3.9 9.2 5.0 6.0 0 5 10 15 20 25 30 35 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. TOHO TOHO-TOWA, TOWA PICTURES (Billions of yen) *Box office revenue for films distributed by Distribution Division, TOHO-TOWA and TOWA PICTURES * Figures for FY2/25 onward include the works of TOHO NEXT, a label engaged in the distribution of live-action and animation films , music, and stage productions. [Updated] *Total of TOHO + TOHO -TOWA + TOWA PICTURES FY2/26 FY2/27 1Q (Mar. - May) 33.0 38.9* 2Q (Jun. - Aug.) 64.2 30.8* 3Q (Sep. - Nov.) 41.5 4Q (Dec. - Feb.) 17.1 Total (Mar. - Feb.) 99.7 Of which,139.9 by TOHO 2Q (Jun. to Aug) (Billions of yen) Film Business:BO Revenue Trends – TOHO Group Domestic Distribution *Q1: Of which, 29.1 by TOHO Q2: Of which, 25.7 by TOHO
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52©TOHO CO., LTD. All Rights Reserved. Appendix 2 Film Business 5.3 5.6 4.5 5.5 4.4 4.4 5.8 5.2 5.6 6.3 5.8 6.6 4.8 6.4 6.9 3.6 5.8 4.9 4.8 9.0 8.3 7.1 10.5 9.7 5.0 7.2 6.4 3.2 5.6 0.0 3.6 5.5 0.0 5.3 6.7 0.0 0 2 4 6 8 10 12 14 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 2024 2025 2026 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Film Business： BO Revenue Trends – Movie Theater business (Billions of yen) *Box office revenue for the TOHO group’s movie theater business division (Box office revenue for all films exhibited at TOHO CINEMAS, etc.) FY2/26 FY2/27 1Q (Mar. - May) 17.6 19.2 2Q (Jun. - Aug.) 25.5 23.0 3Q (Sep. - Nov.) 18.3 4Q (Dec. - Feb.) 15.7 Total (Mar. - Feb.) 77.2 [Updated] 2Q (Jun. to Aug) (Billions of yen)
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53©TOHO CO., LTD. All Rights Reserved. Appendix 2 Film Business • 743 screens (SC) at 79 locations in Japan, accounting for just under a 30% share of domestic box-office revenue (in 2025). • In October 2026, OS CINEMAS M-INT KOBE and OS CINEMAS KOBE HARBORLAND newly joined the Group as a result of making OS Cine Brothers Co., Ltd. a subsidiary. Movie Theater Business: Overview of TOHO Cinemas Ltd. *As of Mar. 31, 2026 Area Theater name SC No. of seats H o kkai d o / T o h o ku Hokkaido TOHO CINEMAS SUSUKINO 10 1,732 *SAPPORO CINEMA FRONTIER 12 2,705 Aomori TOHO CINEMAS OIRASE SHIMODA 7 1,446 Akita TOHO CINEMAS AKITA 8 1,681 Miyagi TOHO CINEMAS SENDAI 9 1,653 Kanto Tokyo TOHO CINEMAS HIBIYA 13 2,710 TOHO CINEMAS Chanter 3 618 TOHO CINEMAS SHINJUKU 12 2,302 TOHO CINEMAS IKEBUKURO 10 1,717 TOHO CINEMAS NIHONBASHI 9 1,750 TOHO CINEMAS UENO 8 1,391 TOHO CINEMAS SHIBUYA 6 1,224 TOHO CINEMAS ROPPONGI HILLS 9 1,837 TOHO CINEMAS OIMACHI 8 1,205 ***TOHO Cinemas Kinshicho 12 2,332 TOHO CINEMAS NISHIARAI 10 1,795 TOHO CINEMAS MINAMI OSAWA 9 1,948 TOHO CINEMAS FUCHU 9 2,102 TOHO CINEMAS TACHIKAWA TACHIHI 9 1,605 *SHINJUKU WALD9 9 1,782 K an ag aw a TOHO CINEMAS EBINA 10 2,220 TOHO CINEMAS ODAWARA 9 1,800 TOHO CINEMAS KAWASAKI 9 1,859 TOHO CINEMAS KAMIOOKA 9 1,704 TOHO CINEMAS LALAPORT YOKOHAMA 13 2,465 Chiba TOHO CINEMAS LALAPORT FUNABASHI 10 1,867 TOHO CINEMAS ICHIKAWA COLTON PLAZA 9 2,150 TOHO CINEMAS YACHIYO MIDORIGAOKA 10 1,927 TOHO CINEMAS NAGAREYAMA OOTAKANOMORI 11 1,866 TOHO CINEMAS ICHIHARA 10 1,598 TOHO CINEMAS KASHIWA 9 1,551 Saitama TOHO CINEMAS LALAPORT FUJIMI 9 1,572 Tochigi TOHO CINEMAS UTSUNOMIYA 10 1,800 Ibaraki TOHO CINEMAS HITACHINAKA 10 1,733 TOHO CINEMAS MITOUCHIHARA 8 1,596 Chubu Gifu TOHO CINEMAS GIFU 10 2,116 TOHO CINEMAS MALERA GIFU 12 2,504 Toyama TOHO CINEMAS FAVORE TOYAMA 10 1,593 TOHO CINEMAS TAKAOKA 8 1,753 Nagano TOHO CINEMAS UEDA 8 1,034 Area Theater name SC No. of seats Chubu Y a m a n a sh iTOHO CINEMAS KOFU 9 1,750 Shizuoka TOHO CINEMAS HAMAMATSU 9 1,928 TOHO CINEMAS SUN STREET HAMAKITA 9 1,959 TOHO CINEMAS LALAPORT IWATA 10 1,663 Aichi TOHO CINEMAS NAGOYA SAKAE 10 1,655 TOHO CINEMAS AKAIKE 10 1,764 TOHO CINEMAS TSUSHIMA 10 1,782 TOHO CINEMAS HIGASHIURA 9 1,801 TOHO CINEMAS KISOGAWA 10 1,828 Kansai Osaka **TOHO CINEMAS UMEDA 10 2,650 **TOHO CINEMAS NAMBA 12 2,220 TOHO CINEMAS SENBOKU 9 2,335 TOHO CINEMAS OTORI 10 1,950 TOHO CINEMAS KUZUHA MALL 10 1,974 TOHO CINEMAS SEVEN PARK AMAMI 10 1,639 TOHO CINEMAS LALAPORT KADOMA 9 1,430 *OSAKA STATION CITY CINEMA 12 2,564 Kyoto TOHO CINEMAS NIJO 11 1,796 Hyogo *TOHO CINEMAS NISHINOMIYA OS 12 2,095 TOHO CINEMAS ITAMI 8 1,869 OS CINEMAS M-INT KOBE 8 1,631 OS CINEMAS KOBE HARBORLAND 10 1,450 Nara TOHO CINEMAS KASHIHARA 9 1,630 C h u g o ku / S h i ko ku OkayamaTOHO CINEMAS KOUNAN 10 1,629 H iroshimaTOHO CINEMAS MIDORII 8 1,379 *HIROSHIMA WALD11 11 1,782 Ehime TOHO CINEMAS NIIHAMA 7 1,159 Kochi TOHO CINEMAS KOCHI 9 1,597 Ky u sh u Fukuoka TOHO CINEMAS TENJIN SOLARIA PLAZA 3 438 TOHO CINEMAS FUKUTSU 10 1,909 TOHO CINEMAS NOGATA 9 1,612 TOHO CINEMAS LALAPORT FUKUOKA 9 1,319 Oita TOHO CINEMAS OITA WASADA 11 1,974 TOHO CINEMAS AMU PLAZA OITA 10 1,764 N agasakiTOHO CINEMAS NAGASAKI 9 1,936 Kumamoto TOHO CINEMAS KUMAMOTO SAKURAMACHI 9 1,578 TOHO CINEMAS HIKARINOMORI 9 1,777 TOHO CINEMAS HAMASEN 9 1,583 TOHO CINEMAS UKI 8 1,518 *: Under joint management **: Including annexes ***= RAKUTENCHI / Olinas *TOHO CINEMAS UKI is temporarily closed. Opened on March 28, 2026 as the first TOHO Cinema in Tokyo with Dolby Cinema® installed TOHO Cinemas admission fees (uniform nationwide, including tax) Adults ¥2,000–¥2,200 University students ¥1,500–¥1,600 High, middle, and elementary school students, and preschoolers (Age 3–) ¥1,000–¥1,100 Additional fees Premier luxury seat + ¥3,000–¥3,200 Premier box seat + ¥500–¥1,100 Dolby Atmos® additional fee + ¥100–¥200 IMAX® with Laser additional fee + ¥600–¥700 MX4D® additional fee + ¥1,100–¥1,300 Scheduled to open on Jun. 11, 2026 as the first theater in Aichi Pref. with GO/ON THEATER installed and as the first in Sakae area with IMAX® with Laser TOHO CINEMAS OIMACHI TOHO CINEMAS NAGOYA SAKAE *Illustration [Updated] *Partially revised effective July 1, 2026. Changed from uniform nationwide admission fees to a regional fee structure based on the location characteristics and facilities of each theater. *For details of the main price revisions, please refer to “Notice from Theaters” on each theater's official website. *As of November 2026 (including scheduled) Additional theaters in FY2/27
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54©TOHO CO., LTD. All Rights Reserved. Opened in 2026: TOHO CINEMAS OIMACHI and NAGOYA SAKAE Appendix 2 Film Business TOHO CINEMAS OIMACHI (opened on March 28, 2026) ► Location: 3F, OIMACHI TRACKS BUSINESS TOWER, 2-1-21 Hiromachi, Shinagawa-ku Tokyo, Japan ► Theater specifications: 8 screens, 1,205 seats ► Introduced Dolby Cinema®︎ for the first time at TOHO CINEMAS in Tokyo. ► Equipped with TOHO Cinemas’ high-end theater “PREMIUM THEATER” and immersive sound theater “GO/ON THEATER.” ► Attract many younger and family audiences. Late-night screenings tend to perform well, as many audiences stop by after work. ► The target is annual attendance of over 700,000. TOHO CINEMAS NAGOYA SAKAE (opened on June 11, 2026) ► Location: 5F–9F, The Landmark Nagoya Sakae, 3-25-1 Nishiki, Naka-ku, Nagoya-shi, Aichi, Japan ► Theater specifications: 10 screens, 1,655 seats ► First IMAX® theater (IMAX® with Laser) in the Sakae area. TOHO Cinemas’ high-end theater “PREMIUM THEATER” and immersive sound theater “GO/ON THEATER” were introduced for the first time in the Tokai area. ► Perform well on weekdays, attract a high proportion of female audiences, and tend to have a high concession purchase rate. ► The target is annual attendance of 1 million. [New]
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55©TOHO CO., LTD. All Rights Reserved. 3.33 5.07 8.38 9.81 11.68 12.48 14.23 14.85 16.57 16.99 3.33 1.74 3.30 1.42 1.87 0.79 1.75 0.61 1.72 0.41 0.25 3.33 5.07 8.38 9.81 11.68 12.48 14.23 14.85 16.57 16.99 17.24 0 5.0 10.0 15.0 20.0 25.0 30.0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 • Sales of goods*3: Achieved record-high sales*4 among all films distributed by the Company. • Pop-up stores: Held at TOHO CINEMAS (25 theaters nationwide) and Hibiya Chanter store from July 10 to August 31. • Contribution to operating revenue: Q2 (June–August) operating revenue from sales and merchandising, a breakdown of revenue from contracts with customers for the IP&Anime business that includes related goods, was ¥1.8 billion (up 32.6 % YoY). Major success of Chiikawa the Movie: The Secret of Mermaid Island Appendix 2 Film Business Box office revenue trend as well as promotional activities and events (Billion yen) • Released on Friday, July 24, 2026. • A wide range of promotional activities and events helped the film achieve the highest box office revenue among films released in 2026.*1 • Box office revenue surpassed ¥17 billion in the 11 weeks through October 8. • Driven in part by the film’s success, the number of supporting fans nearly doubled from the pre-release level to 1.99 million.*2 Simultaneous IMAX® release Broadcast of a special program commemorating the film’s release Distribution of admission benefits Cheer screenings featuring synchronized, automatically controlled light sticks 4DX screenings Cheer screenings allowing audience members to cheer aloud Hosting a special collaborative fireworks viewing event Until We Meet Again farewell screening event [New] *a week = Friday through the following Thursday Pop-up store *1 Based on research by Kogyo Tsushinsha *2 Source: GEM Partners, “Oshi Entertainment Brand Scope.” Conduct a monthly cross-media survey of approximately 30,000 men and women aged 15–69 nationwide on the entertainment brands they currently support. The number of supporting fans (10,000 people/month) is calculated by weighting the number of respondents who say they support a particular entertainment brand based on the demographic composition of Japan’s population. Survey responses are collected in an open-ended format rather than by selecting brands to support from a predefined list. The information provided by respondents is then reviewed, consolidated under the same brand, and aggregated. Survey period: February–July 2026 *3 Including e-commerce websites. As of the end of September 2026 *4 Based on retail prices excluding tax Strong sales of goods related to the film Chiikawa
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56©TOHO CO., LTD. All Rights Reserved. M&A: Making “Design COCO ltd.” a Subsidiary Appendix 2 Film Business [New] • Announced in September 2026: TOHO EIZO BIJUTSU (a wholly owned subsidiary of the Company) acquired shares of Design COCO ltd. ("Design COCO"), making Design COCO a subsidiary. Purpose of making Design COCO a subsidiary: Further strengthening of modeling capabilities and expansion of business areas. • Business description: Planning, manufacturing, and sales of life-size and scale figures. − Proven track record in producing three-dimensional models of globally popular characters, renowned artists, and more. − Technical expertise highly regarded in Japan and overseas: Delivered multiple life-size figures to NARUTO – Konoha Land at Parc Spirou Provence, a theme park in southern France. Key achievements in planning, manufacturing, and sales (life -size figures) ©芥見下々／集英社・呪術廻戦製作委員会 ©2002 MASASHI KISHIMOTO
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57©TOHO CO., LTD. All Rights Reserved. Appendix 2 Film Business • Strengthen creative development and marketing teams and significantly boost investment to double the annual production capacity of in-house films by 2032 (to approximately 10 films per year). Promote In-House Creative Development and Production • Establish a global department dedicated to the creative development of projects to be delivered to the global market. Promote Development of Live-Action Film Projects Targeted at the Global Market Point 2 • Constantly aim to achieve an annual group box-office revenue of over ¥100 billion by expanding TOHO NEXT distribution portfolio (theatrical plays, music, sports, etc.), in addition to approx. 30 Japanese films per year (distributed by TOHO) and foreign films (distributed by TOHO, TOHO -TOWA and TOWA PICTURES), to connect with new customers. Further Expand Distribution portfolioPoint 3 Making TOHO Cinemas the Preferred Destination for Moviegoers • Continue to invest in our theaters to deliver a world-class cinematic experience by: ✓ Expanding premium viewing options, including IMAX, Dolby Cinema, and luxury seating. ✓ Introducing mobile and self-ordering systems at concession stands. ✓ Opening two new TOHO Cinemas locations in Oimachi, Tokyo, and Sakae, Nagoya in 2026. Point 4 • We will further reinforce the Film business by further increasing its profitability through promoting production of films planned in-house and expanding non-film content distribution portfolio. • Improve the production environment and the quality of films through capital expenditures in TOHO Studios. • We are committed to the creative development and production of Japanese live-action content with an awareness of its potential reach beyond Japan, in collaboration with overseas group companies. Point 1 Promote In-House Creative Development and Production • FY2/26 : 12 titles under representation by TOHO • FY2/27 : 6 titles under representation by TOHO (Titles released as of Oct.15) Point 2 Promote Development of Live-Action Film Projects Targeted at the Global Market • A live-action drama film of The Apothecary Diariesis being co-produced with Amazon MGM Studios and is set to be exclusively distributed worldwide on Prime Video in more than 240 countries and regions starting in 2028. Point 3 Further Expand Distribution portfolio • FY2/26 : 65 titles (including 44 films from TOHO (including TOHO NEXT) and 21 foreign films) • FY2/27 : 76 titles (including 41 films from TOHO (including TOHO NEXT) and 35 foreign films) (Titles released as of Oct.15） Point 4 Making TOHO Cinemas the Preferred Destination for Moviegoers • OS CINEMAS M-INT KOBE and OS CINEMAS KOBE HARBORLAND newly joined the Group in October 2026 • Continuing to roll out a self-service mobile ordering system. As of Oct. 15, 2026, it has been introduced at a total of 20 theaters, including Hibiya, Shinjuku, Ikebukuro, and Oimachi. ProgressPoint 1 TOHO Mid-Term Plan 2028 and Progress [Updated]
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58©TOHO CO., LTD. All Rights Reserved. 58©TOHO CO., LTD. All Rights Reserved. Appendix 3 IP & Anime Business
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59©TOHO CO., LTD. All Rights Reserved. IP & AnimeBusiness: Anime Scheduled for Airing and Premiere from Mar. 2026 Onward （1/2 ） Appendix 3 IP & Anime Business TOHO animation Titles Schedule Production company BEASTARS FINAL SEASON PART 2 Mar. 2026 Orange Dr. STONE SCIENCE FUTURE Season 4 Part 3 Apr. 2026 TMS ENTERTAINMENT CO.,LTD The Angel Next Door Spoils Me Rotten Season 2 Apr. 2026 Project No.9 SNOWBALL EARTH Apr. 2026 Studio KAI Dorohedoro Season2 Apr. 2026 MAPPA My Hero Academia No.170+1 "More" May 2, 2026 bones film Mushoku Tensei: Jobless Reincarnation Jul. 2026 StudioBind Co., Ltd. Though I Am an Inept Villainess Jul. 2026 Doga Kobo inc. My Hero Academia Special Short Episode "I am a hero too" Aug. 3, 2026 bones film "Kaiju No. 8" Original Short Anime "Narumi's Week at Work Sep. 2026 Production I.G The Apothecary Diaries Season 3 From Oct. 2026/ Apr. 2027 OLM Pop Pap Polters Oct. 2026 MOZU STUDIOS, Planning & production: SHIN- EI ANIMATION Co., Ltd. TOHO animation’s lineup ( https://tohoanimation.jp/portal/) (Japanese only) Underline indicates update from Jul. 2026 Financial Results Presentation material. [Updated (as of Oct.15, 2026)]
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60©TOHO CO., LTD. All Rights Reserved. IP & AnimeBusiness: Anime Scheduled for Airing and Premiere from Mar. 2026 Onward（2/2 ） Appendix 3 IP & Anime Business TOHO animation Titles Schedule Production company The Apothecary Diaries: The Late Lady’s Treasure Dec. 2026 TOHO animation STUDIO Though I Am an Inept Villainess, Cour 2 Jan. 2027 Doga Kobo inc. Frieren: Beyond Journey's End Season 3 Oct. 2027 MADHOUSE Inc. HAIKYU!!: Where Monsters Go 2027 Production I.G HAIKYU!!: VS The Little Giant 2027 Production I.G Spice and Wolf: MERCHANT MEETS THE WISE WOLF Season2 2027 Passione Mushoku Tensei: Jobless Reincarnation, Cour 2 2027 StudioBind Co., Ltd. PHANTOM BUSTERS 2027 To be announced "Godzilla" New Anime Series Production decided Orange × IGLOO STUDIO KAIJU NO. 8 THE FINAL Production decided Production I.G, Studio Khara Dorohedoro Season3 Production decided MAPPA JUJUTSU KAISEN The Culling Game Part 2 Production decided MAPPA Dokagui Daisuki! Mochizuki-san (tentative title) Production decided Passione Dr. STONE TERRAFORMING Production decided TMS ENTERTAINMENT CO.,LTD Science SARU Titles Schedule Jaadugar: A Witch in Mongolia (TV series) From Jul. 2026 THE GHOST IN THE SHELL (TV series) From Jul. 2026 DAN DA DAN Season 3 (TV series) 2027 TOHO animation’s lineup ( https://tohoanimation.jp/portal/) (Japanese only) Science SARU’s lineup ( https://sciencesaru.com/en/works) Underline indicates update from Jul. 2026 Financial Results Presentation material. [Updated (as of Oct.15, 2026)]
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61©TOHO CO., LTD. All Rights Reserved. The Apothecary Diaries Season 3 Airing from October 2026 / April 2027 Frieren: Beyond Journey's End Season 3 Airing from October 2027 Though I Am an Inept Villainess, Part2 Airing from January 2027 Appendix 3 IP & Anime Business Anime Visual Lineup from October 2026 Onward (1/2) [New] ©日向夏・イマジカインフォス／「薬屋のひとりごと」製作委員会 ©中村颯希・一迅社／「ふつつかな悪女」製作委員会 © 山田鐘人・アベツカサ／小学館／「葬送のフリーレン」製作委員会
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62©TOHO CO., LTD. All Rights Reserved. HAIKYU!!: Where Monsters Go Airing in 2027 Spice and Wolf: MERCHANT MEETS THE WISE WOLF Season2 Airing in 2027 JUJUTSU KAISEN The Culling Game Part 2 Production decided Appendix 3 IP & Anime Business Anime Visual Lineup from October 2026 Onward (2/2) [New] KAIJU NO. 8 THE FINAL Production decided ©2027「ハイキュー!!」製作委員会 ©古舘春一／集英社 ©支倉凍砂・KADOKAWA／ローエン商業組合 ©防衛隊第3部隊 ©松本直也／集英社 ©芥見下々／集英社・呪術廻戦製作委員会
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63©TOHO CO., LTD. All Rights Reserved. TOHO Animation: Cour Count • Launch new TV animations and create new series to accumulate IP rights as our revenue source and extend the life of content, leading to a continuous and stable business model. • Currently planning and developing new IPs to be released or aired from 2027 to 2029 • The number of cours are expected to increase to approx. 20 in FY2/29. Appendix 3 IP & Anime Business 8 18 25 32 45 53 67 73 79 88 102 115 127 8 10 7 7 13 8 14 6 6 9 14 13 12 8 18 25 32 45 53 67 73 79 88 102 115 127 127 0 20 40 60 80 100 120 140 160 FY2/14 FY2/15 FY2/16 FY2/17 FY2/18 FY2/19 FY2/20 FY2/21 FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 （Forecast） Total number of cours for past titles Number of cours for new titles • Major new titles and series started in fiscal year are provided for reference. • 1 cour = approx. 12 episodes Haikyu!! Yowamushi Pedal Himouto! Umaru-chan My Hero Academia Land of the Lustrous Umamusume: Pretty Derby Dr.STONE JUJUTSU KAISEN Mushoku Tensei: Jobless Reincarnation SPY×FAMILY Kaiju No.8 The Apothecary Diaries Frieren: Beyond Journey's End My Hero Academia: Vigilantes (Cours) SNOWBALL EARTH Though I Am an Inept Villainess [Reiterated]
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64©TOHO CO., LTD. All Rights Reserved. Anime Industry Market Size Appendix 3 IP & Anime Business Global Anime Market ：The global animation market is expected to grow from 34.3 billion USD (approx. 5 trillion yen) in 2024 to 60.3 billion USD (approx. 9 trillion yen) in 2030, with a CAGR of 9.8%. (CY) 0 10 20 30 40 50 60 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Japan Asia Pacific excluding Japan North America Europe Latin America Middle East & Africa 0.0 1.0 2.0 3.0 4.0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Overseas revenue Domestic revenue Source: The Association of Japanese Animations (trillions of yen) (CY) Domestic Anime Market ：The domestic anime industry has grown significantly since the mid-2010s, with its size reaching 3.8 trillion yen in 2024. Growth is accelerating especially for markets outside Japan (■). (billions of USD) [Reiteration of Dec. 2025 Business Presentation Materials]
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65©TOHO CO., LTD. All Rights Reserved. Appendix 3 IP & Anime Business Global Anime Market: Anime Market by Region Asia Pacific ex. JapanEurope Latin AmericaMiddle East & Africa North America 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 (billions of USD) 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 （CY) (billions of USD) 0.0 1.0 2.0 3.0 4.0 5.0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 （CY) (billions of USD) 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 （CY) (billions of USD) 0.0 1.0 2.0 3.0 4.0 5.0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 （CY) (billions of USD) ⚫ North America shows the largest market growth among all regions. The market has grown due to the penetration of video streaming services and merchandise (goods) sales. ⚫ Anime has become part of the pop culture in North America, increasing demand for new and popular titles. ⚫ The number of retails stores carrying anime goods has increased in North American cities, driving the market growth. 2024: 4.01 Billion USD 2030: 9.95 Billion USD (CAGR: 16.3％) ⚫ The market has grown due to the high internet penetration rate and the presence of multiple anime streaming services. ⚫ Science fiction and fantasy anime have driven the market growth. ⚫ Expanding demand for anime goods has boosted the market growth in Europe. 2024: 4.77 Billion USD 2030: 9.05 Billion USD (CAGR: 11.2％) ⚫ Entertainment spending in the region has increased. The number of viewers has grown due to the penetration of streaming services. ⚫ The market growth has been driven by events, merchandise, and media in an integrated manner. ⚫ There is a highly enthusiastic fan base, mainly among younger audiences. 2024: 1.11 Billion USD 2030: 2.11 Billion USD （CAGR: 13.6％） ⚫ Various genres are popular in the region; the market has more than 45 million viewers across the region. ⚫ The market has steadily grown, supported by many popular titles and fans of a wide range of genres. ⚫ China: The market size is expected to grow to 4.6 billion USD in 2030. The fan culture has expanded through social media, among other media. ⚫ India: The market size is expected to grow to 1.75 billion USD in 2030. The fan culture has grown in conjunction with Japanese fashion, music, and entertainment. 2024: 9.08 Billion USD 2030: 18.09 Billion USD （CAGR: 12.1％） ⚫ Science fiction and fantasy anime have driven the market growth. ⚫ Anime culture has been firmly established as story-focused anime titles have attracted viewers. ⚫ Brazil: The market size is expected to grow to 0.67 billion USD in 2030. The spread of internet and the commencement of licensing and streaming of anime by a local TV station have created a tailwind for market entry and growth. 2024: 1.85 Billion USD 2030: 4.13 Billion USD (CAGR: 14.1％) （CY) [Reiteration of Dec. 2025 Business Presentation Materials]
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66©TOHO CO., LTD. All Rights Reserved. Anime Production Studios in Japan Appendix 3 IP & Anime Business • Established in 2004 • Has 183 employees (as of Aug. 2026) • Established a firm presence as one of the top “cel-look,” fully 3D CG animation studios in Japan • TOHO invested to acquire a 19.7% stake in the studio in Jan. 2025 • Established by ILCA and Anima with the name I&A in Aug. 2017 • Changed its trade name to TIA in Oct. 2019 • Invested in TIA in Jan. 2020; made TIA a subsidiary and changed its trade name in Sep. 2022 • Has 41 employees (as of Aug. 2026) • Established in 2013 • Has 73 employees (as of Aug. 2026). • Highly recognized not only in Japan but also overseas with its strength in outstanding production capability • Joined in the TOHO Group (TOHO acquired all shares in the company) in Jun. 2024 TOHO animation STUDIO Science SARU Orange Co., Ltd. ©日向夏・イマジカインフォス／「薬屋のひとりごと」製作委員会 ©2026 劇場版「薬屋のひとりごと」製作委員会 ©日向夏・イマジカインフォス © まえだくん／小学館／ぷにる製作委員会 ©2026 Shirow Masamune/KODANSHA/THE GHOST IN THE SHELL COMMITTEE ©トマトスープ（秋田書店）／天幕のジャードゥーガル製作委員会 ©2026 内藤泰弘・少年画報社／「TRIGUN STARGAZE」製作委員会 ©板垣巴留（秋田書店）／東宝 劇場版薬屋に 差し替え予定 [Updated]
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67©TOHO CO., LTD. All Rights Reserved. Strategies of Game Business Appendix 3 IP & Anime Business [Updated] • Launched a game label TOHO Games in 2021. Delivers the IP cultivated through our Cinema and Anime businesses to fans through games. • The Game Division (17 members*) closely works together with each department. Sets up a project team with partners suitable for each project to develop and operate a game. *As of Oct 15, 2026 • The Game Division is composed of Creative Development Group (planning, development and operation) and Digital Marketing Group (marketing and promotion). • Adapt mainly TOHO animation titles and Godzilla into games. • Further strengthen development by conducting detailed checks to enhance game quality. Overview of Game Business Strategies About our Game business Strategies Strengths • Enhance planning accuracy while expanding Godzilla and other hit animated IPs • Deepen and expand the fandomof overall IPs through integration with TOHO-ONE • Planning, operation and promotion centered on our IP , in close cooperation with the Godzilla Department and TOHO animation • High-precision game development based on a solid understanding of our IP Increase in profitability and expansionPlanning and development Expand business development Strengthen publishing • Establish a firm position as an IP - driven game brand by releasing titles with a high probability of success • Reach out to users and strengthen monetization through integration with TOHO-ONE • Expand overall profitability of our IP, including merchandising, by making games one of the key consumer touchpoints • Strengthen collaboration with partners in Japan and abroad • Strengthen operating and marketing capability in cooperation with TOHO Global and other overseas bases
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68©TOHO CO., LTD. All Rights Reserved. IP & Anime Business: Anime Game Title Lineup Appendix 3 IP & Anime Business Game title currently delivered Lineup: https://www.toho.co.jp/anime/lineup-games (Japanese only) Underline indicates update from Jul. 2026 Financial Results Presentation material. Titles Our functions Release Remarks GODZILLA BATTLE LINE Organizer • Jun. 2021 (Smartphone) • Aug. 2022 （PC） • For smartphones • Planning, production, development, and operation: TOHO CO., LTD. • Cumulative total downloads exceeds 4 million Jujutsu Kaisen Phantom Parade Collaborator • Domestic Version: Nov. 2023 (Smartphone), Apr. 2024 (PC) • Global Version: Nov. 2024 (Smartphone), Aug. 2025 (PC) • For smartphones and PC • Planning and production: Sumzap, Inc. and TOHO CO.,LTD • Development and operation: Sumzap, Inc. • The number of players worldwide has exceeded 25 million. KAIJU NO. 8 THE GAME Collaborator • Domestic Version / Global Version: Aug. 2025 (Smartphone) • Oct. 2025 (PC) • For smartphones and PC • Planning and production: Akatsuki Games Inc., TOHO CO.,LTD and Production I.G. Inc. • Development and operation: Akatsuki Games Inc. • Advertising cooperation: TOHO CO.,LTD and Production I.G. Inc. • Cumulative total downloads exceeds 5 million Haikyu!! ALL Challengers （tentative title） Organizer • Delivery date TBD • For smartphones • Planning, delivery and production by TOHO • Development and operation by G2 Studios The Apothecary Diaries: The False Imperial Brother Collaborator • To be released in early 2027 • Nintendo Switch2 / Nintendo Switch / PlayStation®5 / Steam ® • Simultaneous worldwide release: Japanese, English, Traditional Chinese, and Simplified Chinese • Planning and production: TOHO CO., LTD and KOEI TECMO GAMES CO., LTD. • Development and publishing: KOEI TECMO GAMES CO., LTD. [Updated] Game titles scheduled for delivery and release ©古舘春一／集英社・「ハイキュー!!」製作委員会 ©日向夏・イマジカインフォス／「薬屋のひとりごと」製作委員会 ©2026 劇場版「薬屋のひとりごと」製作委員会 ©日向夏・イマジカインフォス ©コーエーテクモゲームス/TOHO CO., LTD.
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69©TOHO CO., LTD. All Rights Reserved. Appendix 3 IP & Anime Business GODZILLA Strategy (TOHO Mid-Term Plan 2028 and Progress) Expand licensing opportunities and in-house product development Launch more amusement rides Launch new amusement rides that allow a wider range of people to experience GODZILLA More GODZILLA retail store location Open new GODZILLA stores in Daiba and Shibuya, following Tokyo and Osaka Develop games Console game development targeting global core gamers, and mobile development capturing casual/light users. Develop visual content Develop content for TV, digital distribution, and other platforms Produce a theatrical film Produce a new GODZILLA movie written, directed, and VFX supervised by Takashi Yamazaki Investing approx. 15 billion yen over the next three years until 2028 to strengthen our initiatives Merchandise and events Retail Stores Games Digital Visual content Mid-Term Plan 2028 [Updated (number of stores only)] Expanded selling spaces at untapped general merchandise stores, electronics retail stores, convenience stores, and drug stores Started the production of Shin Godzilla The Ridesupervised by Takashi Yamazaki Developed 7 stores in Japan and 1 stores abroad(asof Oct.15, 2026) Earnestly working on the development Currently developing platform-agnostic Godzillacontent Release the latest film GODZILLA MINUS ZERO on Nov. 3, 2026 (on Nov. 6 2026 in North America) Progress Offer Godzillagoods at stores in all prefectures in Japan. Increase the number of overseas stores carrying Godzilla merchandise. Continue selling GODZILLA CARD GAME. Explore the feasibility of launching amusement rides in Asia, the U.S., and other countries, starting in Taiwan Increase the numbers of stores in suburban areas in Japan and overseas stores in Asia Major initiatives from 2026 onward
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70©TOHO CO., LTD. All Rights Reserved. In order from the top (1) Theater release (2) Royalty and others (*1: mainly, card games and events) (3) Streaming (4) Merchandise sales (including home entertainment） (5)Character license IP & Anime Business: Godzilla Series: Market Size and Revenue Trends (by Source) Appendix 3 IP & Anime Business (millions of yen) 34.0% 5.9% 21.3% 42.0% 16.9% 32.5% 23.8% 46.5% 25.4% 39.6% 35.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 FY2/16 FY2/17 FY2/18 FY2/19 FY2/20 FY2/21 FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 Overseas ratio Release of Godzilla: King of the Monsters(movie) (１) （2) (3) (4) (5) Release of Godzilla x Kong: The New Empire (movie) Opening of GODZILLA STORE Umeda Release of GODZILLA MINUS ONE(movie) Release of GODZILLA MINUS ONE in North America Release of GODZILLA BATTLE LINE (game) Broadcast of Godzilla S.P. (Singular Point) (anime) Release of Godzilla vs. Kong (movie) Opening of GODZILLA STORE Osaka Opening of GODZILLA STORE Tokyo Release of Shin Godzilla (movie) Opening of GODZILLA STORE Malaysia [2Q FY27 Results Updated] Aim for Godzilla IP market size of ¥80.0B* in 2032 * A figure for licensing sales back -calculated based on Godzilla character licensing revenue in Japan and abroad. Approx. ¥40.0B in FY2/25 and approx. ¥55.0B in FY2/26. Release of GODZILLA CARD GAME Opening of GODZILLA STORE Daiba and Shibuya Opening of GODZILLA STORE Hakata 9.5% 11.2% 1Q 2Q FY2/27
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71©TOHO CO., LTD. All Rights Reserved. Appendix 3 IP & Anime Business GODZILLA STORE to Increase Brand Value Region Store name Opening Japan Tokyo GODZILLA STORE Tokyo Oct. 2017 GODZILLA STORE Daiba Mar. 2025 GODZILLA STORE Shibuya Apr. 2025 Osaka GODZILLA STORE Osaka Nov. 2020 GODZILLA STORE Umeda Apr. 2026 Aichi GODZILLA STORE Nagoya Sep. 2026 Fukuoka GODZILLA STORE Hakata Apr. 2026 Overseas(Asia) GODZILLA STORE Malaysia Dec. 2025 • Hakata store was opened. We accelerated the launch of physical stores in and outside Japan to increase the value of not only the video content but also the IP brand of Godzilla. With the opening of Nagoya store in September, the total number of stores increased to eight: seven in Japan and one overseas • Monthly sales exceeded 1 million yen per tsubo (3.30579 square meters) at some stores (average monthly sales per tsubo) in Japan • Sales from foreign (inbound) customers accounted for approx. 70% of the total sales at stores in Japan: slightly less than 30% from customers from Asia and slightly over 40% from other regions. The share of customers residing in North America increased in particular. Looking back on 2025 [Updated] Nagoya Osaka Shibuya (Tokyo) *Umeda store reopened after renovation *Total floor area of all stores: Approx. 200 tsubo New
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72©TOHO CO., LTD. All Rights Reserved. Multi-store Expansion of Goods Shop TOHO Entertainment STORE Store name Opening date Key feature First store: Hibiya Chanter store in Tokyo Opened in August 2025 Tokyo metropolitan area base Second store: NU chayamachi store in Osaka Opened in April 2026 Kansai base, with an experiential merchandise sales space Third store: HAKATA RIVERAIN MALL store in Fukuoka Opened in October 2026 Kyushu base, with a Chibi Godzilla section • Offering TOHO movie and theater goods, TOHO animation-related merchandise, and Godzilla goods. • Reach fans by providing a space that recreates the worlds of titles and allows customers to experience products firsthand. Award TOHO POINT for purchases to promote cross-traffic with movie theaters, etc. and strengthen customer engagement. • Expanding the Company’s own distribution network for original goods and anime titles to improve profitability and enhance brand value. New [New] First store: Hibiya Chanter store in Tokyo Appendix 3 IP & Anime Business
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73©TOHO CO., LTD. All Rights Reserved. Appendix 3 IP & Anime Business Major Overseas Group Companies TOHO Global Inc. (Tokyo) ・A company overseeing overseas operations. Toho International, Inc. (Los Angeles) ・A company overseeing operations in the Americas region. CJ ENM FIFTH SEASON LLC (Los Angeles) ・Development, production, and sales of TV series and films, etc. GKIDS, INC. (New York) ・A leading distributor of anime titles in North America. TOHO Entertainment Asia Pte. Ltd. (Singapore) ・Based in Singapore, covering a wide region from China, ASEAN, the Middle East, and India. IGLOO STUDIO CO., LTD. (Bangkok) ・A CG animation studio based on Bangkok. TOHO Europe Limited (London) ・European regional headquarters. Anime Limited (Glasgow) ・A UK-based distributor. 32% ownership 100% ownership 25% ownership 100% ownership 100% ownership 100% ownership 100% ownership [Reiterated]
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74©TOHO CO., LTD. All Rights Reserved. Appendix 3 IP & Anime Business Major Overseas Group Companies：Details • A company overseeing operations in the Americas region. • Oversees licensing operations in the U.S. and collaborates with top brands to produce collectors’. items and apparel. Also operates Godzilla.com, the official GODZILLA SHOP in the U.S., as well as TOHO animation STORE, which offers premium merchandise from TOHO animation. • Number of employees: 41 (as of Aug. 2026) • A leading distributor of anime titles in North America. • Engages in marketing, branding, theatrical distribution for various international anime titles, including Japanese anime, and independently handles licensing to streaming platforms. Also operates GKIDS Store (EC store), which offers merchandise related to Japanese anime. • Number of employees: 38 (as of Aug. 2026) CJ ENM FIFTH SEASON LLC • An entertainment company engages in the development, production, and sales of TV series, films, and documentaries. • Has produced internationally acclaimed series such as The lost daughter (Netflix), Severance (Apple), Tokyo Vice (Max), and McCartney 3,2,1 (Hulu), all of which have received prestigious awards. • Number of employees: 160 (as of Aug. 2026) Toho International,Inc. GKIDS, INC. • A company overseeing overseas operations. Beginning in North America, engages in licensing for the distribution, streaming, a nd merchandising of anime, live-action content, and other works worldwide, including Asia. • TOHO Global is responsible for global expansion of IPs handled by the Group through a company split with TOHO being the split company (Jan. 2026) • Number of employees: 86 (as of Aug. 2026) TOHO Global • Based in Singapore, covering a wide region from China, ASEAN, the Middle East, and India. • Serves as the regional hub for our group in Asia, engaging in broad operations such IP and content licensing, merchandising, and marketing. • Number of employees: 21 (as of Aug. 2026) IGLOO STUDIO CO., LTD. • A CG animation studio based on Bangkok. • Produced notable works such as the Thai fantasy animation film The Legend of Muay Thai: 9 Satra, which was released in 18 countries, and the Netflix original anime series My Daemon. • Number of employees: 177 (as of Aug. 2026) TOHO Entertainment AsiaTOHO Europe Limited • Based in London, plans to develop video and merchandising businesses broadly, as an operating and organizational hub in Europe (established in Jan. 2026) • Number of employees: 2 (as of Aug. 2026) Anime Limited • Engages in distribution of anime and live - action content and e-commerce of merchandise, etc. mainly in U.K. and France • Joined the TOHO Group in Jan. 2026 • Number of employees: 12 (as of Aug. 2026) [Reiterated (Updated the number of employees)]
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75©TOHO CO., LTD. All Rights Reserved. IP & Anime Business: Headcount of Overseas Business (TOHO Global) Appendix 3 IP & Anime Business Note: Total of full-time and other employees (contract, temporary, etc.). Excludes employees of equity -method affiliates IGLOO S TUDIO CO., LTD. and CJ ENM FIFTH SEASON LLC. *1 TOHO ENTERTAINMENT ASIA PTE. LTD. 56 63 74 103 110 121 147 174 191 200 0 50 100 150 200 250 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/25 FY2/26 FY2/27 (1) North America GKIDS, INC 36 33 38 46 38 40 38 (2) North America Toho International, Inc. 26 26 28 26 28 29 31 41 42 41 (3) Asia TEA*1 5 4 10 8 16 19 22 21 (4) Europe TOHO Europe Limited ー 2 2 (5) Europe Anime Limited 14 13 12 (6) Japan TOHO Global Inc. 30 37 41 37 39 46 54 62 72 86 Total 56 63 74 103 110 121 147 174 191 200 (Number of persons) (1)（North America） GKIDS, INC (2)（North America） Toho International, Inc. (3)（Asia） TEA*1 (4)（Europe） TOHO Europe Limited (5)（Europe） Anime Limited (6) （Japan）TOHO Global Inc. (6) (1) (2) (3) (4) (5) To approx. 250 employees by the end of 2027 [Updated]
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76©TOHO CO., LTD. All Rights Reserved. Appendix 3 IP & Anime Business TOHO Mid-Term Plan 2028 and Progress Promote Game Development • Promote the development and release of digital games based on GODZILLA and our hit anime series. Point 4 • Promoting fan engagement by enhancing our e-commerce platform, integrating it with a new membership service , and introducing IP-themed cafes inspired by popular anime and characters. Pursue Fan BusinessPoint 3 • Seek to strengthen the lead in managing content and IP abroad by increasing overseas offices and enhancing licensing functions in each region. Put More Effort into Overseas BusinessPoint 2 • Increase the production of quality content and IP by expanding TOHO animation’s creative development, production, and marketing structures and enhancing the TOHO Group production studio functions. Increase Production TOHO animation targets for 2032 Point 1 14 30 FY2/25 by 2032 Number of Cour*2 Approx. 60 120 （planned） FY2/25 by 2032 Number of employees*3 *2 Number of broadcasts per year, 1 cour lasts 3 months *3 Employees at TOHO CO., LTD. We will reinforce our organizational framework and expand our talent base, enhancing production studio capabilities to develop and distribute high-quality content and IP worldwide. We will increase operating profit of the IP & Anime business by 200%*1 or more by further increasing revenues from overseas business and games, which are growth areas. Point 1 Increase Production • Approximately 20 cours expected by FY2/29. • Number of TOHO animation employees : (as of Dec. 31 of each year; as of Aug. 31 for 2026) Point 2 Put More Effort into Overseas Business • Established bases Asia, North America, and Europe. Point 3 Pursue Fan Business • New membership service, TOHO -ONE®, to launch in March 2026, integrating customer IDs across movies, theater, and merchandise Point 4 Promote Game Development • Plan to launch a new game title Haikyu!! ALL Challengers. • Plan to launch a new game title The Apothecary Diaries: The False Imperial Brother to be released in early 2027 Progress 34 49 56 68 80 2022 2023 2024 2025 2026 *1 Compared to ¥22.2B for FY2/25 [Updated]
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77©TOHO CO., LTD. All Rights Reserved. 77©TOHO CO., LTD. All Rights Reserved. Appendix 4 Theatrical Business
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78©TOHO CO., LTD. All Rights Reserved. Theatrical Business: Theatrical Plays Lineup for FY2/27 and Beyond Appendix 4 Theatrical Business Titles Schedule Main theaters This is the Moment! ～Frank Wildhorn JAPAN 25th anniversary concert～ Oct. 2026 Suntory Hall Miss Saigon Oct. – Nov. 2026 TOKYU THEATRE Orb Me and My Girl Dec. 2026 EX THEATER ARIAKE La Cage aux Folles Dec. 2026 Nissay Theatre MOZART! Feb. – Mar. 2027 Nissay Theatre VOICE MONSTER Mar. 2027 Shibuya LOVEZ RAGTIME Mar. – Apr. 2027 Tokyo Metropolitan Theatre Playhouse Performanceof Spirited Away Mar. – May 2027 Meijiza Moulin Rouge! The Musical May. – Aug. 2027 EX THEATER ARIAKE Les Misérables Autumn 2027 (TBD) Theatre Creation Titles Schedule Blood Brothers Mar. – Apr. 2026 10th Anniversary VOICARION Apr. 2026 REBECCA May – Jun. 2026 The World of Machida-kun Jul. 2026 GHOST Aug. 2026 TAMIOU Sep. – Oct. 2026 RENT Oct. – Nov. 2026 MAYBE HAPPY ENDING Nov. – Dec. 2026 Naoto Kaiho Concert 「ever after」 Dec. –Jan. 2027 Relatively Speaking Mar. 2027 Lineup :https://www.toho.co.jp/stage/lineup (Japanese only) Underline indicates update from Jul 2026 Financial Results Presentation. [Updated (as of Oct.15, 2026)] Overseas Performances Titles Schedule Main theaters Performance of Spirited Away in Taiwan Dec. 2026– Jan. 2027 Taipei National Theater Performance of Spirited Away in Toronto May – Aug. 2027 The Princess of Wales Theatre Performance of Spirited Away in Los Angeles Sep. – Oct. 2027 Ahmanson Theatre Performance of Spirited Away in London Mar. – Jul. 2028 London Coliseum Titles Schedule Main theaters Romantics Anonymous Mar. 2026 Tokyo Tatemono Brillia HALL Jekyll & Hyde Mar. 2026 Tokyo International Forum, Hall C Sister Act Mar. – Apr. 2026 Meijiza Roald Dahl’s Charlie and the Chocolate Factory Mar. – Apr. 2026 Westa Kawagoe, Nissay Theatre Mary Poppins Mar. – May.2026 TOKYU THEATRE Orb, Umeda Arts Theater Main Hall I Love BOTCHAN May 2026 Meijiza New HISTORY COMING ARENA LIVE -The Imperial Theatre Symphony- Aug.– Sep.2026 TOKYO GARDEN THEATER, Tokyo International Forum, Hall A KINGDOM II Aug. –Sep. 2026 Tokyo Tatemono Brillia HALL Funny Girl Sep. 2026 Nissay Theatre Musical SPY×FAMILY 2 Sep. – Oct. 2026 Westa Kawagoe, Tokyo Tatemono Brillia HALL Other TOHO-hosted Performance
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79©TOHO CO., LTD. All Rights Reserved. 346.6 387.5 423.7 58.9 154.7 394.6 475.7 529.9 628.5 168.5 198.7 205.8 51.8 152.5 170.5 209.9 230.6 227.9 515.1 586.2 629.5 110.6 307.2 565.2 685.7 760.5 856.4 0 250.0 500.0 750.0 1000.0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Music Stage Trends in Japan’s Live Entertainment Market Appendix 4 Theatrical Business [New] • Japan’s live entertainment market size: ¥856.4 billion in 2025 • New record highs for three consecutive years, with the market continuing to grow. • Spending per attendee: ¥9,286 in 2025 • In an increasingly digital world where all kinds of content can be shared, the value of being there is becoming even greater. • 2035 market size forecast: Over ¥1 trillion (PIA Corporation) (Billion yen) Source: 2026 White paper on live entertainment: report edition (published in June 2026) *Our theatrical business falls within the stage category.
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80©TOHO CO., LTD. All Rights Reserved. Increase Our Presence Abroad and Ability to Procure Plays • Continue overseas performances of Spirited Away and actively perform other plays with overseas licenses. • Prioritize securing the rights to stage overseas produced plays in Japan by strategically investing in them to build our best play portfolio. Increase our ability to procure plays Invest in foreign plays Build networks and increase our presence abroad Win the rights to stage popular plays in Japan Increase domestic box-office revenue Point 3 Appendix 4 Theatrical Business • We will support the bottom line of box-office revenue during the closure of the Imperial Theatre by utilizing outside theaters, launching a new membership service, and offering a variety of ticket prices and diverse sales formats. • Ensure the number of performances by utilizing outside theaters during the closure of the Imperial Theatre. • Revitalize classic and popular productions with fresh casting choices and modern interpretations, while also dedicating efforts to the creation and staging of new, high-quality original works. Inherit TOHO Theatrical Brand and Make a Further Leap ForwardPoint 1 • Seek to increase theatergoers by maximizing customer satisfaction with a new membership service. • Support the bottom line of box-office revenue by offering a variety of ticket prices and diverse sales formats. • Use theatrical plays in multiple ways including streaming and character goods development. Implement Marketing Initiatives to Attract More TheatergoersPoint 2 • We will increase TOHO theatrical brand power, leading to the opening of the new Imperial Theatre, by maximizing the value of existing popular plays, developing original plays, and performing those plays abroad. TOHO Mid-Term Plan 2028 and Recent Progress [Updated] Progress Point 1 Inherit TOHO Theatrical Brand and Make a Further Leap Forward • The arena tour of New HISTORY COMING ARENA LIVE -The Imperial Theatre Symphony-, a musical concert reflecting on the past, present, and future of the Imperial Theatre, was extremely well received. • KINGDOM II, a stage adaptation of the hugely popular comic and a sequel to the 2023 performances at the Imperial Theatre, was performed. • The musical REBECCA returned for the first time in seven years with a new cast and performed well. Point 2 Implement Marketing Initiatives to Attract More Theatergoers • Performances with dynamic pricing will be held for the first time at the PIA-exclusive showings of Miss Saigon on November 7 and 13, 2026. Point 3 Increase Our Presence Abroad and Ability to Procure Play • 2026–2028 World Tour of the stage production Spirited Away confirmed, starting in December 2026. • Since its premiere at the Imperial Theatre in 2022, the stage production Spirited Away had been performed 491 times in Japan and overseas and attracted more than 900,000 attendees through the final performance in Seoul in March 2026. During its run at the National Theater in Taipei, beginning in December 2026, the production is expected to surpass 500 cumulative performances and total attendance of 1 million.
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81©TOHO CO., LTD. All Rights Reserved. 81©TOHO CO., LTD. All Rights Reserved. Appendix 5 Real Estate Business
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82©TOHO CO., LTD. All Rights Reserved. Real Estate Business: TOHO’s Real Estate Portfolio Appendix 5 Real Estate Business Commercial facility 36% Hotel 23% Office 16% Movie Theater/Theater 8% Housing 10% Studio 6% Warehouse,etc 1% 130 properties nationwide Major properties owned by TOHO Property use 【Tokyo】 60 properties TOHO Hibiya Bldg. Movie theater, Office, Commercial facility TOHO Hibiya Promenade Bldg. Office, Commercial facility Tokyo Takarazuka Bldg. Theater, Movie theater, Office TEIGEKI BLDG. Joint redevelopment in progress Toho Theatre Creation Bldg. Theater, Hotel Yurakucho Center Bldg. (YURAKUCHO MULLION) Commercial facility Shibuto Cine-tower Movie theater, Office, Commercial facility SHINJUKU TOHO BLDG. Movie theater, Hotel, Commercial facility TOHO STUDIOS Studio 【Osaka】 10 properties HEP NAVIO Movie theater, Commercial facility TOHO Nangai Bldg. Movie theater, Commercial facility 【Aichi】 5 properties ANGEL Bldg. Commercial facility 【Others】 55 properties Major properties owned by TOHO Properties owned by TOHO (% of leased area) 0.8% 0.4% 0.3% 0.3% 1.1% 1.1% 0.5% 1.0% 0.8% 0.5% 0.2% 0.2% 0.5% 0.7% 0.9% 0.9% 0.2% 0.2% 0.1% 0.4% 0.3% 0.3% 0% 1% 2% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 [Updated (As of Sep. 2026)] Vacancy Rate Trends for TOHO’s Lease of Buildings ➢ Continue to review the real estate business portfolio and actively evaluate options, including potential sale, for properties determined to have low strategic value.
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83©TOHO CO., LTD. All Rights Reserved. Appendix 5 Real Estate Business Example of Synergies with Entertainment (SHINJUKU TOHO BLDG.) [New] Godzilla Head Godzilla Room A permanent Godzilla goods area is located in the eighth-floor lobby of Hotel Gracery Shinjuku, offering T-shirts, keychains, and other merchandise. Hotel Gracery Shinjuku is the first in the world to offer the Godzilla View Room, which overlooks Godzilla Head, and the Godzilla Room, where a strikingly realistic Godzilla awaits guests. Godzilla vs. King Ghidorah Room A one-of-a-kind guest room created on the top floor, the 30th floor, to commemorate the 10th anniversary of Hotel Gracery Shinjuku, offering an immersive experience in the world of Godzilla vs. King Ghidorah. With its overwhelming visual impact, as if Godzilla were emerging from between the buildings, it attracts visitors from around the world as a new landmark for tourism in Tokyo. TOHO CINEMAS SHINJUKU One of Tokyo’s premier cinemas, with its cinema entrance located at the front of the building. Through IMAX® and other features, it brings out the full appeal of movies, from high-profile titles to anime. • Built around its core movie business, the SHINJUKU TOHO BLDG. opened in 2015 as an entertainment complex centered on a cinemacomplex and hotel. • Centered on the Godzilla IP, the SHINJUKU TOHO BLDG. creates a vibrant atmosphere through a wide range of initiatives and collaboration with tenants, including events on Godzilla Road and at Cine City Square, entertainment features inside and outside the building, and enhanced hotel stay experiences. SHINJUKU TOHO BLDG. in Tokyo Uses: Movie theater, Hotel, Commercial facility Godzilla goods area at Hotel Gracery Shinjuku
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84©TOHO CO., LTD. All Rights Reserved. Appendix 5 Real Estate Business ・ We will seek to improve asset efficiency while maintaining our revenue base over the medium to long term. • Steadily promote the redevelopment project of Imperial Theatre Building. • Proceed with other projects with caution after carefully examining synergies with entertainments and return on investment. Promote the Redevelopment ProjectsPoint 2 Curb the Acquisition of New Properties • Revise Mid-Term Plan 2025’s policy and scale back new property acquisitions given persistently high property prices and a stronger focus on asset efficiency. Point 3 • Focus on increasing rents and keeping vacancy rates low for existing properties to improve property values. • Review our property portfolio from a medium- to long-term perspective, and evaluate options, including potential sale, for properties with low strategic value. Increase Revenue from Existing Properties and Review Our Property Portfolio Point 1 Point 1 Increase Revenue from Existing Properties and Review Our Property Portfolio • Vacancy rate remains low.(Please see page 82 for details) ➢ Progress of the real estate strategy review committee(In-house team) Initiated the sale of seven properties in regional and suburban areas after determining that they had low strategic value due to their limited potential to contribute to future earnings (see p. 14 for details). • Rent increase rate > Rents for offices owned by the Company in the Hibiya area are expected to increase by approx. 10% from FY2/26 to FY2/27. Point 2 Promote the Redevelopment Projects • （Progress on the Marunouchi 3-1 Project (tentative name): Reconstruction of the Kokusai Building and TEIGEKI Building >>Demolition work on the TEIGEKI Building began in April 2025. The work was proceeding on schedule as of the end of Aug. 2026 Progress TOHO Mid-Term Plan 2028 and Recent Progress Marunouchi 3-1 Project (tentative name): Overview* ・Project Developers: MITSUBISHI ESTATE, TOHO, the Idemitsu Museum of Arts ・Site Area: Approx. 9,900 m² ・Gross Floor Area: Approx. 176,000 m² ・Number of floors and height: 29 floors with 4 floors below ground / approx. 155 m *Details are subject to change based on coordination with relevant authorities. [Updated]
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85©TOHO CO., LTD. All Rights Reserved. 85©TOHO CO., LTD. All Rights Reserved. Appendix 6 Others(TOHO-ONE）
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86©TOHO CO., LTD. All Rights Reserved. TOHO-ONE (Fan engagement PF) Growth as a Fan Engagement Platform Appendix 6 Other (TOHO-ONE) [New] Create new touchpoints with fans through continued initiatives with a diverse range of IPs. Through Q2, the focus was on the film Chiikawa. From Q3 onward, plan to expand collaboration with IP holders and partners, including the GODZILLA MINUS ZERO collaboration. Fans IP holders Encounter diverse IPs through the app and contact at theaters Reach existing and new fan segments through OMO* Enjoy exclusive TOHO-ONE experiences and benefits Maximize fan enthusiasm and engagement Make the most of their likes with ONE’s VOICE Understand fan needs through attribute, behavior, and VoC (Voice of Customer) *Online Merges with Offline refers to a framework or concept that eliminates the boundaries between the internet (online) and physical stores (offline) to provide customers with a better experience.
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87©TOHO CO., LTD. All Rights Reserved. TOHO-ONE Appendix 6 Other (TOHO-ONE) [Reiterated] 2026 2032 Before migration: approx. 4 million Approx. 10 million (including free users) Movie Theater EC Stores 4 millions by adding new connected services Game Events Partners Overseas 6 million by existing four services Movie Theater EC Stores We will launch game integration during FY2026, and continue adding new connected services to reach 10 million users by 2032. Membership plans Premium Standard Light Annual fee 3,000 yen 500 yen Free Point back rate 2% 2% 1% Payment with points ✓ ✓ ✓ Point rewards (exchange) (e.g., movie ticket) ✓ ✓ – Movie special benefits (e.g., discount of movie tickets) ✓ ✓ – Theatrical play special benefits (e.g., advance ticket lottery, private performance) ✓ – – Online store special benefits (e.g., advance sale) ✓ – – Hibiya Chanter special benefits ✓ ✓ – *By limiting the membership to one account per member and introducing e -mail and SMS-based authentication, we plan to enhance the program’s identity verification and security and strengthen our anti-resale measures by preventing fraudulent purchases. Contents Account items Segmentation Remarks Initial investment amount: approx. ¥4.1B Depreciation for 5 years (in principle) Corporate expenses Mainly software Revenue from annual fees and related income Net sales Other Source of point rewards and operating expenses Selling, general and administrative expenses Other Advertising expenses, maintenance fee
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88©TOHO CO., LTD. All Rights Reserved. 88©TOHO CO., LTD. All Rights Reserved. Appendix 7 Business Model
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89©TOHO CO., LTD. All Rights Reserved. [Updated] Film Business (Business model of Production, Distribution, and Movie Theater Divisions) Appendix 7 Business Model Box-office failure SG&A Box-office income Distribution expenses Distribution fees Production committee income Ticket revenue Supplementary income (Concessions, stores, etc.) Secondary use (streaming, overseas, etc.) Supplementary / secondary use income Forecast Box-office success SG&A Box-office income Distribution expenses Production committee income Supplementary income (Concessions, stores, etc.) Secondary use (streaming, overseas, etc.) Distribution expenses Supplementary income Secondary use SG&A Deficit Production expenses Production expenses Deficit Movie Theater Div. Distribution Div. Production Div.Ticket revenue Distribution fees IP & Anime Production and Distribution business Movie Theater business Admission fees (Ticket fee = Box-office revenue) Admission fees (Ticket fee = Box-office revenue) Admission fees (Ticket fee = Box-office revenue) Deficit Movie Theater Div. Distribution Div. Production Div. Movie Theater Div. Distribution Div. Production Div. Ticket revenue Supplementary / secondary use income Supplementary / secondary use income Movie Theater business Movie Theater business Production and Distribution business Production and Distribution business Production and Distribution business Production and Distribution business Production and Distribution businessMovie Theater business Production and Distribution business Production and Distribution business Movie Theater business Movie Theater business Production and Distribution business IP & Anime IP & Anime IP & Anime IP & Anime IP & Anime Stable base revenue from theatrical operations and distribution + capturing upside potential from major hits.
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90©TOHO CO., LTD. All Rights Reserved. IP&Anime Business: Licensing Leverage & Tangible Touchpoints Anime adaptation rights and anime production 100%-owned Godzilla IP Movie theater chain to increase IP value Fan engagement platform Overseas initiatives IPs Production Contact Distribution & Box office & Sales MD, Packaging, EC/stores and games More Fans [Reiterated] Licensing Leverage & Tangible Touchpoints IPs Ecosystem: Maximizing the value of our IPs in each area with TOHO Group and partners Appendix 7 Business Model
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91©TOHO CO., LTD. All Rights Reserved. More Fans IP&Anime Business: Commercial Distribution Details IPs Ecosystem: Maximizing the value of our IPs in each area with TOHO Group and partners Partners (Video distribution service provider, box office company, etc.) Partners Partner studios Japan Abroad * Movie Theater segment Partners Areas in which our group is involved TOHO Globaｌ (TG） TOHOI nternatio nal (TI ) To ho Entertainm ent Asia(TEA) TG/TI/TEA * A joint venture with Good Smile Company Partners Partners e.g., ・Gaudiy Group [Reiterated] IPs Production Contact Distribution & Box office & Sales MD, Packaging, EC/stores and games Appendix 7 Business Model
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92©TOHO CO., LTD. All Rights Reserved. IP&Anime Business: Anime Production Committee Structure Appendix 7 Business Model • Production committeepromotes secondary use in various areas to deliverworks to fans in a multifaceted, multilayered, and long-term manner. • TOHOis capable of widely delivering valueto fans in such forms of film adaptations, merchandise sales, and overseas development and maximizing the value of its IP in various areas. Packaging Video distribution Merchandise sales Overseas sales Amount of investment • It is important for the production committee to promote secondary use. The committee seeks to recover the amount of investment by accumulating its share of revenue paid by each point of contact (■). • If an investing company has a point of contact, the committee can gain a contact commission. Allocate Overview of Revenue/Expenses of the Animation Production Committee Pays royalty (investment return)Invest Pays production fee Delivers Partner studios In-house studio Production revenue Production studios Expenses Revenue Advertising expenses Contact commission Royalty, etc. Contact commission Royalty, etc. Contact commission Royalty, etc. TOHO’s revenue or revenue potential TOHO Cinemas Box office revenue (Ticket price x Number of tickets sold + Supplementary income (concessions, etc.)) Production committee Licenses usage Pays usage fee − commission Pays royalty (Distribution revenue − Distribution expenses (advertising expenses, distribution fee, etc.)) x (Y)% Licenses usage Streaming Licenses usage Pays usage fee − commission Point of contact Commission Distributor Overseas sales Point of contact Commission Licenses usage Pays usage fee − commission Overseas licensee MD Point of contact Licenses usage Pays usage fee − commission Merchandise licensee TV airing Point of contact Broadcasting slot usage fee TV station Theater release Point of contact Commission Film company Packages (DVD, Blue-ray) Right of contact Licenses usage Pays usage fee Maker (Packaging） Point of contact Commission Game licensee Game Licenses usage Pays usage fee − commission Commission Ad agency Publisher TV broadcaster Production studio Film company Packaging supplier Investment return Investors (example) Investment return Investment return Investment return Investment return Investment return Distribute revenue according to the investment ratio. Set up an organizer responsible for managing the committee. Organizer’s fee Licenses Receives licensing revenue Licenses anime adaptation right Receives anime adaptation right licensing revenue Author Publisher [Reiterated] Sales revenue Sles revenue Sales revenue Sales revenue
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93©TOHO CO., LTD. All Rights Reserved. IP&Anime Business: Initiatives of Products & Licensing Dept. (Merchandise Sales, Goods, Pamphlets, Home Entertainment) Appendix 7 Business Model [Updated] Merchandise sales Home entertainment (DVDs, Blu-rays, etc.) • Annually release approximately 100 titles, centered on films distributed in Japan (live-action and animated) and TV anime series. • Strong demand for collector’s boxes in overseas markets. Aim to increase our market share with a strong title lineup and by enhancing the selling space of in-house products, although the domestic market is scaling down. Theater merchandise (goods, pamphlets) • Increase sales at movie theaters other than revenue from ticket sales. • Experiencing strong sales of goods and pamphlets related to Godzilla and anime. • Strengthen the merchandise sales of in-house planned products and e- commerce at home and abroad. • Offer merchandise in multiple ways in pursuit of the fan business by expanding our sales channels, increasing the number of planned items, and integrating with TOHO-ONE. Maximize fan engagement through secondary use and feed it back into new ideas More Fans License management Product planning Manufacturing Wholesales Retail (Stores and EC websites) Partners Partners Partners Partners Partners Strengthen in-house planned products Strengthen e-commerce at home and abroad License out Partners Established in December 2025* *Established To-Smile in December 2025 (Ownership ratio: Toho 60%, Good Smile Company 40%). Abroad Japan
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94©TOHO CO., LTD. All Rights Reserved. Production of works (allocated funds invested) Distribution to theaters Box office and store sales Streaming Licensing, merchandising, etc. Sales in Japan Overseas sales – Appendix 7 Business Model Production of works (allocated funds invested) Distribution to theaters Box office and store sales Streaming Licensing, merchandising, etc. Sales in Japan Overseas sales – (1) Godzilla movie series Production and Distribution Movie Theatre IP & AnimeProduction and Distribution IP & Anime Production and Distribution (2) Works by TOHO animation and works funded by Science SARU Production and Distribution Movie Theatre IP & AnimeIP & AnimeIP & AnimeIP & Anime Production of works (allocated funds invested) Distribution to theaters Box office and store sales Streaming Licensing, merchandising, etc. Sales in Japan – – Overseas sales – – – (3) Domestic Anime films distributed by TOHO (e.g., Detective Conan and Doraemon movie series) IP & Anime Production of works (allocated funds invested) Distribution to theaters Box office and store sales Streaming Merchandising, etc. Sales in Japan – Overseas sales – – – – (4) Chiikawa The Movie: The Secret of Mermaid Island Production and Distribution Movie Theatre IP & Anime Revenue Recognition of Key Titles by Commercial Flow Production and Distribution Movie Theatre IP & AnimeProduction and Distribution [Updated（Added Chiikawa the Movie)] Note: "–" indicates operating revenue that is negligible or non -existent.
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95©TOHO CO., LTD. All Rights Reserved. TOHO Cinemas TOHO Group Business Flow and Reporting Segments for GODZILLA MINUS ZERO TOHO Studios Creation Production and investment Distribution Division Domestic theatrical distribution Products & Licensing Dept. Domestic pamphlets and home entertainment Godzilla Dept. Domestic merchandising rights Contact TOHO Global Overseas Use Primarily Film business (Production and Distribution) Licensee, box office, streaming, events, etc. TOHO Cinemas TOHO Cinemas TOHO STELLA, etc. Products & Licensing Dept. / Godzilla Dept. Domestic theater goods/general distribution Domestic goods retail TI/GKIDS/TEA/TU/AL* Overseas licensee GODZILLA STORE / EC (TOHO STELLA and Godzilla Dept.) TOHO Group Representation / investment (100% owned) Sale Licensing Sale Licensing Licensing Licensing Creation outsourcing Film business (Production and Distribution) IP&Anime business IP&Anime business IP&Anime business IP&Anime business IP&Anime business Film business (Movie Theater) IP&Anime business IP&Anime businessFilm business (Movie Theater) Film business (Movie Theater) Partners (Overseas box office, goods, retail, etc.) Partners Partners Partners (Domestic box office) Products & Licensing Dept. Streaming and video content sales IP&Anime business Licensing Partners (Streaming platforms, TV stations, etc.) Partners Licensing and Sale Overseas box office, retail, etc. Domestic pamphlets and home entertainment retail Domestic box office *Toho International, Inc., GKIDS, INC., TOHO Entertainment Asia Pte. Ltd., TOHO Europe Limited、Anime Limited Appendix 7 Business Model [New]
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96©TOHO CO., LTD. All Rights Reserved. *1 Art production related to production and licensing works, etc. *2 TOHO Tombo Pictures, Inc. TOHO EIZO BIJUTSU Co., Ltd., TOHO -COSTUME Co., Ltd., TOHO STAGE CRAFT Co., Ltd., TOHO MARKETING Co. , Ltd., AID-DCC Inc., and gaie Inc.. *3 Including Toho International, Inc., TOHO Entertainment Asia Pte. Ltd.、GKIDS, INC., TOHO Europe Limited, Anime Limited Relation Between Business Models, Subsidiaries, Revenue Breakdown, and Segments in Film / IP & Anime [New] (1) Segment (2)Major companies/subsidiaries (3)Revenue breakdown (4)Major components Domestic distribution to movie theaters Production and licensing of video content Managem ent of movie theaters Art production *1 Licensing of merchandi sing rights Sales and merchandi sing Other Film Production and Distribution •TOHO Co., Ltd. (Distribution, advertising, etc.) •TOHO-TOWA Co., Ltd. •TOHO Archive Co., Ltd. ① ③⑨ ① Domestic Theatrical Distribution ② Overseas Theatrical Distribution ③ Domestic Secondary Use for films (mainly program sales) ④ Anime Secondary Use (mainly program sales) ⑤ Merchandising Licensing (Anime & Live-Action Movies) ⑥ Merchandising Licensing (Godzilla) ⑦ Home Entertainment Sales (e.g., DVD, Blu -ray) ⑧ Character Goods, Pamphlets, Official Stores & E - Commerce Sales ⑨ Investment Returns from Live-Action Production Committees (Note: On a consolidated basis, internal transactions are eliminated; only revenues from investments in third-party-led production committees are recognized in the consolidated P/L) ⑩ Investment Returns from Anime Production Committees ⑪ Sales from Movie Theater ⑫ Production of Film Sets & Art Direction ⑬ Live-Action Film Production & Studio Operations Income ⑭ Anime Production, Gaming & Music Revenues Movie Theater business •TOHO Cinemas Ltd., etc. ⑪ Other Film businesses •TOHO Studios Co., Ltd. •Other related companies*2 ⑫ ⑬ IP & Anime business •TOHO Co., Ltd. (TOHO animation/Products & Licensing Dept./Godzilla Dept.) •TOHO STELLA Co., Ltd./ To-Smile, Inc. ④（Japan） ⑩ ⑤⑥ （Japan） ⑦⑧ (Japan) •TOHO Global*3 ④(Overseas. Including Live- Action） ⑤⑥ （Overseas） ⑦⑧ (Overseas) ② •TOHO animation STUDIO Inc./Science SARU Inc. •TOHO MUSIC CORPORATION ⑭ Appendix 7 Business Model
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97©TOHO CO., LTD. All Rights Reserved. * The items described in the “Points to note” are also recorded as operating revenue from external customers in the IP & Anim e Business segment. Names of organizations and subsidiaries included in the IP & Anime Business segment Fiscal period Region Main business Japan Over- seas Points to note* TOHO animation, TOHO CO., LTD. Feb. ✓ ✓ Production investment, planning and production, advertising, and marketing of TOHO animation’s anime and game titles - Products & Licensing Dept., / Godzilla Dept. of TOHO CO., LTD. Feb. ✓ ✓ Sales of merchandising rights and packaged media, production of goods and pamphlets, operation of GODZILLA STORE, etc. It also sells merchandising rights and packaged media for live - action films and produces merchandise and pamphlets. TOHO Global Inc. Dec. - ✓ Sales of distribution rights and merchandising rights It also sells overseas distribution and merchandising rights for live-action films. Toho International, Inc. Dec. - ✓ Sales of distribution rights and merchandising rights for Godzilla, operation of EC sites (GODZILLA STORE, TOHO animation STORE), etc., and sales of merchandising rights for anime titles licensed by TOHO animation It also produces and finances live-action films. GKIDS, INC. Dec. - ✓ Distribution of anime films in North America, sales of distribution rights, packaging rights, etc. It also distributes films other than TOHO animation and Godzilla in North America and sells distribution rights, packaging rights, etc. TOHO Entertainment Asia Pte. Ltd., Dec. - ✓ Sales of distribution rights and merchandising rights It also sells overseas distribution and merchandising rights for live-action films. *3 TOHO Europe Limited Dec. - ✓ Planning to develop video and merchandising businesses broadly - Anime Limited Dec. - ✓ Distribution of anime and live-action content and e- commerce of merchandise, etc. - TOHO animation STUDIO Inc. Feb. ✓ ✓ Anime production - Science SARU Inc. Jan. ✓ ✓ Anime production and production investment It also produces and finances the production of anime works except TOHO animation titles. TOHO STELLA Co., Ltd Feb. ✓ - Operation of EC websites (TOHO animation STORE and GODZILLA STORE) It also operates EC websites (e.g. TOHO theater STORE) that also handle live-action film merchandise. TOHO MUSIC CORPORATION Feb. ✓ ✓ Production and copyright use of films and anime music (e.g. soundtracks) It also produces stage music and live -action film music and uses copyrights. To-Smile, Inc. Feb. ✓ ✓ Development of original toys, figures, and goods - Organization and Subsidiaries of TOHO CO., LTD. Included in the IP & Anime Business Segment, and Their Business Activities [Updated] Appendix 7 Business Model
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98©TOHO CO., LTD. All Rights Reserved. 98©TOHO CO., LTD. All Rights Reserved. Appendix 8 Corporate
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99©TOHO CO., LTD. All Rights Reserved. TOHO: Driving Sustainable Growth through Stability & Power of Hits Revenue ¥360.6 billion OP% 18.8% ROE 10.4% Overseas sales ratio 10.1% TOHO’s domestic distribution share (CY2025) Approx. 58% Domestic box office revenue share Approx. 30% Global anime market Approx. 10% annual growth Godzilla IP & strong anime lineup No. of TOHO-ONE members Approx. 3 million*2 Strengthening governance measures, including sales of strategic shareholdings Annual number of performances: Approx. 900 Annual attendance: 1 million*1 Properties TOHO owned 130 IP & Anime Theatrical Real Estate *1 Only performances sponsored or cosponsored by TOHO *2 As of the end of August 2026 [Updated] (FY2/2026) Film FY2/2026 results Other Corporate GROUP PURPOSE Creating moments to move hearts and enrich lives GROUP VALUE Act with vivacity, modesty, fairness and grace GROUP SPIRIT “to widely provide inspiring entertainment to the general public” “We owe our business to the happiness of the audiences” Appendix 8 Corporate See p50 See p53 See p64
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100©TOHO CO., LTD. All Rights Reserved. Business Development Combining Popular Japanese IPs with TOHO Appendix 8 Corporate Rank IP name (entertainment brand) Number of core fans (10,000 people)*3 Main TOHO business segment for revenue recognition *4 1 Detective Conan 112.6 Production and Distribution, Movie Theater 2 ONE PIECE 102.5 Production and Distribution 3 Demon Slayer 101.3 Production and Distribution, Movie Theater 4 Chiikawa 97.8 Production and Distribution, Movie Theater 5 Pocket Monsters*2 94.2 Production and Distribution, Movie Theater 6 JUJUTSU KAISEN 84.8 Production and Distribution, Movie Theater, IP&Anime 7 Frieren 79.6 IP&Anime 8 Mobile Suit Gundam 47.4 Production and Distribution, Movie Theater 9 KINGDOM 42.9 Production and Distribution, Movie Theater, Theatrical 10 THAT TIME I GOT REINCARNATED AS A SLIME 40.7 Production and Distribution 11 The Apothecary Diaries 39.5 Production and Distribution, Movie Theater, IP&Anime 12 Dragon Ball 31.9 Production and Distribution 13 Disney 31.7 Production and Distribution 14 Haikyu!! 31.5 Production and Distribution, Movie Theater, IP&Anime 15 Dragon Quest 29.3 Production and Distribution 16 Doraemon 25.9 Production and Distribution, Movie Theater 17 My Hero Academia 25.2 Production and Distribution, Movie Theater, IP&Anime 18 Oshi no ko 25.1 Production and Distribution 19 Umamusume: Pretty Derby 23.7 Production and Distribution, Movie Theater 20 SPY×FAMILY 23.4 Production and Distribution, Movie Theater, IP&Anime, Theatrical *1 Source: GEM Partners, “Oshi Entertainment Brand Scope” (survey period: February–July 2026) *2 Also includes announced films scheduled for release in 2027, such as Pokémon: Wild Card, as part of the distribution track record and upcoming lineup. *3 Conduct a monthly cross-media survey of approximately 30,000 men and women aged 15–69 nationwide on the entertainment brands they currently support. The number of supporting fans(10,000 people/month) is calculated by weighting the number of respondents who say they support a particular entertainment brand based on the demographic composition of Japan’s population. Survey responses are collected in an open-ended format rather than by selecting brands to support from a predefined list. The information provided by respondents is then reviewed, consolidated under the same brand, and aggregated. *4 The Products & Licensing business within the IP& Anime business separately records merchandise sales, etc., including theater merchandise (goods, pamphlets) and home entertainment (DVDs, Blu-rays, etc.). ✓ TOHO works alongside many of Japan’s leading IPs, developing the IPs entrusted to us into major hits by leveraging the power of film, anime, and theatrical performances. ✓ Primarily through its Film business, TOHO handles distribution and provides strong support in turning titles into hits. In the IP & Anime business, TOHO animation is deeply involved from the planning, production, and investment stages. ✓ TOHO also maximizes IP value by leveraging TOHO Group’s integrated strengths, including adaptations for the stage through its Theatrical business and expansion into its Products & Licensing business, such as merchandise sales. IP division: Top 20 IPs by number of core fans*1Titles distributed by TOHO Film over the past three years (2024–2026)*2 [New]
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101©TOHO CO., LTD. All Rights Reserved. Guiding Principles of TOHO Mid-Term Plan 2028 Appendix 8 Corporate The past three years have been a defining chapter in TOHO’s global success. From the U.S. Academy Award win for GODZILLA MINUS ONE, the worldwide phenomenon of the anime JUJUTSU KAISEN, to the sold-out London performances of Spirited Away, our entertainment has inspired audiences across the world. At the heart of this success is a simple, unwavering truth—our people pour their passion into their creative vision, bring entertainment to life, and share it with the world. No matter how the external landscape evolves, this remains the cornerstone of TOHO’s value creation. However, lasting growth requires more than just delivering content to a global audience. To build deeper, more meaningful connections, we must go beyond distribution to truly understand what resonates with audiences worldwide. These connections can transform casual viewers into devoted fans. With this vision as our guide, the TOHO Group is on a mission to become an entertainment company loved by fans across the globe as we move forward with TOHO Mid-Term Plan 2028. 図案は別ファイル参照図案は別ファイル参照 Share Connect Create People. Stories. The World. Stronger Connections with Audiences Everywhere. [Reiterated]
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102©TOHO CO., LTD. All Rights Reserved. Key Points of TOHO Mid-Term Plan 2028 Appendix 8 Corporate Content and IP • Scaling Excellence: Creating a Company-wide Network of Experts Hire approx. 200 people*1, the source of our growth, over the next three years. Focus on investing in our people and enhancing engagement with them. Human Resources • Invest approx. ¥5 billion in the TOHO-ONE project, which is aimed at developing the TOHO Group’s customer data platform and launched a new membership service in Spring 2026 to create a seamless and unified customer experience Digital Overseas *1 People at TOHO CO., LTD. *2 Operating profit in new segments compared to 22.2 billion yen for FY2/25 • Deliver world-class entertainment with a diverse lineup of approximately 200 titles, captivating audiences across the globe. • Invest approx. ¥70 billion over the next three years to plan and produce content, such as movies, animation, theatrical plays, and digital games, and create related IP. • GODZILLA IP will be developed and distributed with an investment of approx. ¥15 billion over the next three years to fully scale the IP business. • Set aside approx. ¥120 billion over the next three years for growth investments such as M&A in the content and IP areas and opening of multiplexes. • Aim to achieve an operating profit of 200%*2 or more in the IP&Anime business by doubling the number of employees at TOHO animation by 2032. • Create synergies with companies that newly joined the TOHO Group while accelerating the increase of our overseas offices. • Increase our overseas net operating revenue ratio from the current 10% to 30% by 2032. [Reiterated]
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103©TOHO CO., LTD. All Rights Reserved. Appendix 8 Corporate We will increase financial targets for operating profit, shareholder returns, and ROE from those of the Mid-Term Plan 2025. We will also raise the ROE target from the 8–10% range outlined in Long-Term Vision 2032, maintaining it at 10% or higher on a sustained basis. Long-Term Vision 2032 Mid-Term Plan 2025 Mid-Term Plan 2028 Guidelines Desired outcomes Financial targets Maintained a dividend payout ratio of 30% or more, based on an annual dividend of ¥8 (¥40 before share split） per share, and executed flexible share buybacks Achieved a record-high operating profit of ¥52.8 billion by FY2025 Achieved ROE of 8% or moreROE Shareholder returns Operating profit Achieve ¥70 billion or more by FY2028 9% or more Achieve a dividend payout ratio of 35% or more* with a minimum annual dividend of ¥17 per share (¥85 before share spilt) and implement flexible share buybacks * In the event of large fluctuations in profit due to special factors, we may calculate the dividend payout ratio excluding such factors. ¥75–100 billion Aim to maintain at 10% or more Work to further improve shareholder returns. (Raised from the initial target of 8–10%) Financial Targets of TOHO Mid-Term Plan 2028 [Reiterated]
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104©TOHO CO., LTD. All Rights Reserved. Progress of Capital Allocation in TOHO Mid-Term Plan 2028 Appendix 8 Corporate • Over the three years of TOHO Mid-Term Plan 2028, in addition to operating cash flow, we will raise funds through borrowings and bond issuances, and will also consider and execute the sale of cross-held shares and real estate holdings, allocating these funds to growth investments and shareholder returns • The plan is making steady progress based on the capital allocation Operating CF+ Gain on sale of owned assets: Approx. ¥160-¥170 billion Share buybacks Dividends Approx.¥40-50 billion Investments Cash in for 3 years Cash out for 3 years Approx. ¥160 billion (Breakdown) Growth investments: Approx. ¥120 billion ・Implement M&A, strategic investments, and other initiatives in the content and IP areas (¥100 billion) ・Open new multiplexes, make capital expenditures for existing movie theaters, make digital technology related investments, etc. (¥20 billion) Real estate-related investments: Approx. ¥40 billion ・Fund partial redevelopment of Imperial Theatre Building and other projects Use of interest- bearing liabilities: Approx. ¥40 billion (3) Growth investments • Established a base in Europe (acquired Anime Ltd) • Established a joint venture To-Smile, Inc. to strengthen merchandising • Introduced IMAX/Dolby and a self -service mobile ordering system (4) Real estate-related investments Focused on redevelopment of Imperial Theatre Building as part of new investments (5) Share buybacks Acquired treasury shares worth ¥14.9 billion in Nov. 2025. A buyback worth ¥13.0 billion (upper limit) in and after Apr. 2026 (scheduled) Invest approx. ¥70.0 billion over three years in content planning and production, as well as IP creation Amount invested in FY2/26: ¥17.7 billion (1) Operating CF FY2/26 Operating CF: 66.6 billion yen (*Net income: 51.7 billion yen + Depreciation: 13.8 billion yen + Amortization of goodwill: 1.0 billion yen) (Note: Net income above includes gains on the sale of assets, primarily from the divestment of cross-shareholdings.) (2) Use of interest-bearing liabilities: July 2025: A shelf registration for corporate bonds of up to ¥50 billion was filed. Considered the use of interest-bearing liabilities for real estate-related investments. Implement flexible share buybacks while taking into account cash flow and progress of investments (6) Dividends A total of ¥18.5 billion for FY2/26 and ¥18.5 billion for FY2/27 (initial forecast) Economic rationality and investment discipline are the top priority. If there is no suitable opportunities, consider allocating the fund flexibly to shareholder returns, etc. [Reiterated]
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105©TOHO CO., LTD. All Rights Reserved. [Updated] Appendix 8 Corporate To Maintain and Expand OP Margin over the Mid to Long Term 0% 10% 20% 30% 40% 50% 60% Gross profit margin SG&A ratio Operating profit margin From the next fiscal year onward, growth investments (SG&A expenses) will be stepped up. While profit margins may be temporarily pressured, these investments are aimed at future growth. Gross profit margin: Aim to increase gross profit margin SG&A ratio: Increase in SG&A expenses due to investment to develop infrastructures for IP & Anime business operations overseas and higher corporate expenses (Group IT governance, etc.) to support growth Operating profit margin: Likely to come under pressure during the investment period, followed by a recovery Outlook Quarterly trends FY2/21 FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 FY2/27
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106©TOHO CO., LTD. All Rights Reserved. ROE and Cost of Equity • We recognize that the cost of equity (CAPM)*1 is approximately 4–5.5% (as of 2025). • We also recognize that there is a gap between this figure and investors’ expectations, and we work to bridge this gap through dialogue with investors. Appendix 8 Corporate *1 Assumptions for the Company’s cost of equity (evaluation by Plutus Consulting Co., Ltd）: Risk-free interest rate: 1.5%, Beta: around 0.4 to 0.7, Market risk premium: 6.0% Comparison of ROE and cost of equity (CAPM) 9.3 11.2 10.3 8.7 10.0 3.9 7.7 8.3 10.4 9.3 10.4 0 5 10 15 FY2/16 FY2/17 FY2/18 FY2/19 FY2/20 FY2/21 FY2/22 FY2/23 FY2/24 FY2/25 FY2/26 （%） ROE The cost of equity (CAPM) is recognized as being approximately 4 –5.5% [Reiterated]
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107©TOHO CO., LTD. All Rights Reserved. Shares Status Appendix 8 Corporate Name Number of Shares Held (Thousands) Percentage of Shares Held to Total Number of Issued Shares (excluding treasury stock) (%) Hankyu Hanshin Holdings, Inc. 114,039 13.70% The Master Trust Bank of Japan, Ltd. (Trust Account) 89,378 10.74% Hankyu Hanshin Properties Corp. 75,753 9.10% Custody Bank of Japan, Ltd. (Trust Account) 54,238 6.51% H2O Retailing Corporation 31,832 3.82% Fuji Media Holdings, Inc. 24,700 2.96% TBS Television, Inc. 22,607 2.71% Takenaka Corporation 18,925 2.27% MARUI GROUP CO., LTD. 12,894 1.54% The Master Trust Bank of Japan, Ltd. (Custody trust account: 79203) 10,000 1.20% (As of Aug. 31, 2026) Financial Institutions 21.08% Financial Instruments Business Operators 1.04% Other Corporations 40.93% Foreign Institutions and Individuals 16.91% Individuals 17.91% Treasury Stock 2.13% Major Shareholders Distribution of Shares by Shareholder Type (by unit) 8,496,670 units ※Percentage to unit shares [New] *Number of shares is rounded down to the nearest thousand. Percentage of shares is rounded down to the second decimal place.*Treasury stock held by the Company is 18,075,152 shares (as of the end of Aug. 2026). *Total number of authorized shares: 2,000,000,000 shares. Total number of issued shares: 850,000,000 shares
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108©TOHO CO., LTD. All Rights Reserved. Press Releases / Business Topics / IR Calendar Appendix 8 Corporate [Updated] From March 1, 2026 to October, 2026 Mar. 18, 2026 Notice Regarding Changes in Representative Directors and Executive Personnel Apr. 14 Notice Regarding Acquisition and Cancellation of Treasury Shares Apr. 14 Notice Regarding Purchase of Treasury Shares through Off -Auction Own Share Repurchase Trading (ToSTNeT-3) Apr. 14 Notice Regarding Dividend of Surplus (Dividend Increase) Apr. 14 Matters Concerning Controlling Shareholder, etc. Apr. 15 Notice Regarding Results and Completion of Purchase of Treasury Shares through Off-Auction Own Share Repurchase Trading (ToSTNeT-3) Apr. 30 Notice Concerning Completion of Cancellation of Treasury Stock May 28 Notice Relating to Disposition of Treasury Shares as Restricted Share Remuneration for Directors and Executive Officers May 28 Notice Regarding Change of Executive Structures Jun. 26 Notice Relating to the Completion of Payment for Disposition of Treasury Shares as Restricted Share Remuneration Jun. 30 Notice Concerning Acquisition of Shares of OS Cine Brothers Co., Ltd. (Japanese only) Jul. 15 Notice Regarding the Commencement of Strategic R&D Investment (VC Fund Investment) for the Creation of Next-Generation Entertainment Jul. 15 Notice Regarding the Formulation of a Policy for the Reduction of Strategic Shareholdings Aug. 17 Notice Concerning Sale of Properties Associated with Review of Real Estate Holding Policy Sep. 15 Notice Concerning Distribution of Dividends from Surplus Sep. 15 Notice Regarding Gain on Sale of Investment Securities Sep. 16 Notice Regarding Gain on Sale of Investment Securities(Extraordinary Income) Sep. 30 Notice Concerning Acquisition of Shares of Design COCO ltd. by Consolidated Subsidiary of the Company (Japanese only) Oct. 15 Notice Regarding Revisions to the Full-year Consolidated Earnings Forecasts for the Fiscal Year Ending February 2027 From March 1, 2026 to October, 2026 Mar. 24, 2026 Unveiledthespecialeditioncarthroughthecollaborationof GodzillaandTGRHaasF1 Team Mar. 28 Opened TOHO CINEMAS OIMACHI Apr. 14 Announced partial investment in Gaudiy,an operator of fancommunity business Apr. 25 Release GODZILLA CARD GAME Vol. 4 Jun. 11 Opened TOHO CINEMAS NAGOYA SAKAE Jul. 1 TOHO Cinemas revised admission fees Jul. 22 TOHO STUDIOS COLLECTION Debuts! (Japanese only) Sep. 4 GODZILLA STORE Nagoya, the first GODZILLA STORE in the Tokai area, to open on September 4 Sep. 8 TOHO Completely Renews Corporate Website Sep. 10 The Apothecary Diaries adapted into its first consumer game Oct. 1 TOHO Hibiya Bldg. (office floors) received the highest rating under the CASBEE for Real Estate Certification Major Press Releases Main Business Topics Major Disclosures and Events Note Sep. 8, 2026 Renewal of IR website ー Sep. 30 TOHO GROUP INTEGRATED REPORT 2026 ー Oct. 15 2Q FY2/27 Financial Results Announcement ー Oct. 16 2Q FY2/27 Financial Results Briefing For institutional investors and sell-side analysts Jan. 14, 2027 3Q FY2/27 Financial Results Announcement (scheduled) ー Apr. FY2/27 Financial Results Announcement and Briefing For institutional investors and sell-side analysts May The 138th Annual General Meeting of Shareholders IR Calendar* * In addition to the above, IR events (briefings, site visits, overseas IR activities, tours, conferences, etc.) will be significantly expanded around the release dates of its major titles.
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109©TOHO CO., LTD. All Rights Reserved. Investor Relations Appendix 8 Corporate Please contact ir@toho.co.jp if you have any requests for IR meeting. Strengthening disclosure and enhancing dialogue 59 62 63 78 86 87 100 132 308 496 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 No. of IR meetings (annual)*1 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 1 2 3 TOHO 4 5 6 7 TOHO 8 9 10 11 12 TOHO 13 14 15 16 17 18 19 TOHO 20 TOHO 21 TOHO 22 23 24 • Improved disclosure evaluation of disclosure • Improved liquidity: TOHO's trading value as a percentage of market capitalization (20-trading-day average) 1 1 12 15 16 17 20 27 29 No. of internal feedback meetings on IR activities (quarterly) (mainly for relevant departments)*2 • Fully revamped the corporate website in September 2026. • Increased disclosure in financial results presentation slides and enhanced IR meetings and internal feedback. 12 15 15 18 14 15 15 19 29 31 42 50 69 87 88 112 54 111 No. of pages in financial results presentation slides (quarterly) 1Q 2Q 3Q 4Q 1Q 2Q ３Q 4Q 1Q FY2/25 FY2/26 FY2/27 Impact of strengthened IR activities *1 Number of IR meetings held after each quarterly account closing during the fiscal year. Each IR meeting slot is counted as one meeting. SR (Shareholders Relations) meetings are included. Telephone and email inquiries are excluded. *2 Individual meetings were held with relevant departments after each financial results announcement. The number of such meetings and the number of reports made to the Board of Directors and Management Committee are counted. 1Q2Q3Q4Q 1Q2Q3Q4Q 1Q2Q3Q4Q 1Q2Q３Q4Q 1Q2Q FY2/23 FY2/24 FY2/25 FY2/26 FY2/27 0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% 0.7% 21/1 21/7 22/1 22/7 23/1 23/7 24/1 24/7 25/1 25/7 26/1 26/7 FY2026: Selected for an Awards for Excellence in Corporate Disclosure by the Securities Analysts Association of Japan. Rose to 3rd place in the Advertising Services / Media / Entertainment sector. More than doubled from an average of 0.2% (2021–2023) to the current 0.4–0.5% Strong foundation supporting TOHO’s IR activities • Proactive approach to dialogue led by senior management • An internal culture that encourages external communication and the skills of the IR team responsible for disclosure and dialogue • Strong relationships with a wide range of market participants, including investors, securities firms, and investment banks
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110©TOHO CO., LTD. All Rights Reserved. 110©TOHO CO., LTD. All Rights Reserved. Inquiries Investor Relations, TOHO CO., LTD. Mail: ir@toho.co.jp This document uses an easy-to-read universal font. This presentation has been prepared based on the Japanese version, and the English version is provided for reference purposes only. In the event of any conflict, inconsistency, or discrepancy in interpretation between the Japanese and English versions, the Japanese version shall govern and prevail. Forward-looking statements are contained in this presentation, but they are not intended to guarantee actual results. Please note that actual results may differ significantly from the statements due to changing circumstances and various factors. Factors subject to fluctuation include, but are not limited to, revenue from films and theatrical works, trends in distribution of our anime and other IP in Japan and abroad and trends in overseas markets, real estate market conditions and rental demand, success or failure of M&A and strategic investments, changes in customer preferences following entertainment diversification, trends in exchange rates and interest rates, fluctuations in production and construction costs and labor expenses, amendments to laws and regulations and changes in social demand, natural disasters, geopolitical risks and other unforeseeable situations. This presentation was meticulously prepared based on information available to the Company at the time of preparation, but they are not intended to guarantee the accuracy, completeness, and validity of information. The Company shall not be held liable for any damages arising from errors and omissions. No part of this presentation may be reproduced or duplicated in any form or by any means without permission.