Interim report
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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Consolidated Financial Results for the Six Months Ended August 31, 2026 <Under Japanese GAAP> October 15, 2026 Company name: TOHO CO.,LTD. Listing: Tokyo Stock Exchange/Fukuoka Stock Exchange Securities code: 9602 URL: https://www.toho.co.jp/ Representative: Hiro Matsuoka President, CEO Inquiries: Tsuyoshi Fukiharu Operating Officer, in charge of Finance & Accounting, Corporate Management Group TEL: +81-3-3591-1218 Scheduled date to file Semi-annual Securities Report: October 15, 2026 Scheduled date to commence dividend payments: November 20, 2026 Preparation of supplementary material on financial results: Yes Holding of financial results presentation meeting: Yes (for institutional investors and analysts) (Amounts less than one million yen are rounded down) 1. Consolidated financial results for the six months ended August 31, 2026 (from March 1, 2026 to August 31, 2026) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % August 31, 2026 185,162 (3.4) 30,938 (24.8) 33,127 (21.5) 20,019 (40.2) August 31, 2025 191,677 17.1 41,146 0.6 42,192 6.1 33,450 26.3 Note: Comprehensive income Six months ended August 31, 2026 ¥32,291 million [(21.7)%] Six months ended August 31, 2025 ¥41,249 million [28.5%] Basic earnings per share Diluted earnings per share Six months ended Yen Yen August 31, 2026 24.00 – August 31, 2025 39.45 – Note: The Company conducted a stock split at a ratio of five shares for each common share on March 1, 2026. “Basic earnings per share” has been calculated assuming that the stock split was conducted at the beginning of the previous fiscal year. (2) Consolidated financial position Total assets Net assets Equity ratio As of Millions of yen Millions of yen % August 31, 2026 716,641 541,635 73.1 February 28, 2026 702,934 532,990 73.3 Reference: Equity As of August 31, 2026 ¥523,779 million As of February 28, 2026 ¥515,368 million
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2. Cash dividends Annual cash dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended February 28, 2026 – 42.50 – 67.50 110.00 Fiscal year ending February 28, 2027 – 11.00 Fiscal year ending February 28, 2027 (forecast) – 11.00 22.00 Notes: 1. Revisions to the forecast of cash dividends most recently announced: None 2. The Company conducted a stock split at a ratio of five shares for each common share on March 1, 2026. For the fiscal year ended February 28, 2026, the actual amounts of dividends paid before the stock split are shown. 3. Consolidated earnings forecasts for the fiscal year ending February 28, 2027 (from March 1, 2026 to February 28, 2027) (Percentages indicate year-on-year changes.) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Fiscal year ending February 28, 2027 345,000 (4.3) 62,000 (8.7) 67,000 (4.5) 48,000 (7.3) 57.62 Note: Revisions to the earnings forecasts most recently announced: Yes For details, please refer to the “Notice Regarding Revisions to the Full-year Consolidated Earnings Forecasts for the Fiscal Year Ending February 2027” disclosed today.
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* Notes (1) Significant changes in the scope of consolidation during the period: Yes Newly included 1 company (Anime Limited) (2) Adoption of special accounting treatments for preparing semi-annual consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement a. Changes in accounting policies due to revisions to accounting standards and other regulations: None b. Changes in accounting policies due to other reasons: None c. Changes in accounting estimates: None d. Restatement: None (4) Number of issued shares (common shares) a. Total number of issued shares at the end of the period (including treasury shares) As of August 31, 2026 850,000,000 shares As of February 28, 2026 880,000,000 shares b. Number of treasury shares at the end of the period As of August 31, 2026 18,075,152 shares As of February 28, 2026 40,647,665 shares c. Average number of shares during the period Six months ended August 31, 2026 834,025,852 shares Six months ended August 31, 2025 847,816,152 shares Note: The Company conducted a stock split at a ratio of five shares for each common share on March 1, 2026. “Total number of issued shares at the end of the period (including treasury shares),” “Number of treasury shares at the end of the period” and “Average number of shares during the period” have been calculated assuming that the stock split was conducted at the beginning of the previous fiscal year. * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit corporation. * Note to proper use of earnings forecasts, and other special matters (Caution regarding forward-looking statements and others) The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed reasonable by the Company. Actual results may differ significantly from these forecasts due to various factors. Please refer to “(3) Consolidated earnings forecasts and other forward-looking statements” in “1. Qualitative Information” on page 4 of the attached materials for the suppositions that form the assumptions for earnings forecasts and cautions concerning the use thereof. (Availability of supplementary material on financial results) The supplementary document on financial results for the six months is disclosed on TDnet on the same day as the consolidated financial results for the six months, and it is also made available on the Company’s website.
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 1 - Attached Material 1. Qualitative Information .............................................................................................................................. 2 (1) Details of operating results ................................................................................................................... 2 (2) Details of financial position .................................................................................................................. 4 (3) Consolidated earnings forecasts and other forward-looking statements ............................................... 4 2. Semi-annual Consolidated Financial Statements and Significant Notes Thereto ...................................... 5 (1) Semi-annual consolidated balance sheet .............................................................................................. 5 (2) Semi-annual consolidated statement of income and semi-annual consolidated statement of comprehensive income ......................................................................................................................... 7 (3) Semi-annual consolidated statement of cash flows .............................................................................. 9 (4) Notes to semi-annual consolidated financial statements .................................................................... 10 (Notes on going concern assumption) ................................................................................................ 10 (Notes on significant changes in the amount of shareholders’ equity) ............................................... 10 (Adoption of special accounting treatments for preparing semi-annual consolidated financial statements) .......................................................................................................................................... 10 (Segment information, etc.) ................................................................................................................ 11 (Notes on revenue recognition) .......................................................................................................... 12
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 2 - 1. Qualitative Information (1) Details of operating results In the six months ended August 31, 2026, the Japanese economy has been recovering gradually due to improvements in the employment and income environment and the effects of various government policies. However, the outlook remained uncertain as it was neces sary to monitor the impact of the situation in the Middle East and natural disasters, as well as fluctuations in financial and capital markets. Under these conditions, the Group has been promoting each of its businesses with the aim of achieving the numerical targets set forth in the “TOHO Mid -Term Plan 2028” formulated in April 2025. Regarding the operating results for the six months ended August 31, 2026, operating revenue was ¥185,162 million (down 3.4% year on year), operating profit was ¥30,938 million (down 24.8% year on year), ordinary profit was ¥33,127 million (down 21.5% year on year) and profit attributable to owners of parent was ¥20,019 million (down 40.2% year on year). The operating results by reportable segment are as follows. Film business In the Production and Distribution business, among titles collaboratively produced and distributed by TOHO CO.,LTD., “Detective Conan: Fallen Angel of the Highway” and “Chiikawa The Movie: The Secret of Mermaid Island” were major hits, while “KINGDOM: THE CLASH OF SOULS,” “Doraemon the Movie: New Nobita and the Castle of the Undersea Devil,” “SAKAMOTO DAYS” and “Crayon Shinchan the Movie: Spooky! My Yokai Vacation” were also hits. Additionally, business revenue from “Netflix Series Human Vapor,” which was j ointly developed with Netflix for the first time, contributed to business performance. “The Super Mario Galaxy Movie,” “Minions & Monsters” and “Wicked: For Good,” distributed by TOHO-TOWA Co.,Ltd. and others, were also hits. As a result, operating revenue in the Production and Distribution business was ¥28,634 million (down 26.2% year on year) and operating profit was ¥8,499 million (down 25.0% year on year). The operating revenue mainly consists of ¥23,015 million from domestic distribution to movie theaters (down 32.1% year on year) and ¥5,249 million from production and licensing of video content (up 28.7% year on year). In the Movie Theater business, TOHO Cinemas Ltd. and others screened “Toy Story 5,” “Michael,” “The Devil Wears Prada 2,” “Spider-Man: Brand New Day” and other popular works, in addition to those listed above. The number of movie theater customers in the six months ended August 31, 2026 decreased by 4.2% year on year to 26,234,000. As a r esult, operating revenue in the Movie Theater business was ¥55,155 million (up 2.4% year on year) and operating profit was ¥10,345 million (down 3.5% year on year). Further more, with its theater operations affected by changes in the cost environment, TOHO Cinemas Ltd. implemented partial revisions to its movie admission prices effective July 1, 2026. With regard to changes to theaters in the six months ended August 31, 2026, TOHO Cinemas Ltd. opened “TOHO Cinemas Oimachi” (8 screens) in Shinagawa -ku, Tokyo, on March 28, 2026, and “TOHO Cinemas Nagoya Sakae” (10 screens) in Naka -ku, Nagoya-shi, Aichi, on June 11, 2026. Meanwhile, it closed “TOHO Cinemas Yojiro” (10 screens) in Kagoshima-shi, Kagoshima, on August 6, 2026. This resulted in the number of screens managed by the corporate group rising by 8 to 725 throughout Japan (including 56 collaboratively managed screens). In the Other Film businesses, TOHO Studios Co., Ltd. operated strongly with an integrated operation of the Production and Studio businesses. TOHO EIZO BIJUTSU Co.,Ltd. and TOHO STAGE CRAFT Co., Ltd. worked to win orders for stage production and art production for movies, TV and live events, etc., for production services for display items in theme parks, as well as for maintenance services while focusing on cost management, but were affected by the reactionary decline of major projects recorded in the same period of the previous fiscal year. As a result, operating revenue in the Other Film businesses was ¥7,387 million (down 33.3% yea r on year) and operating profit was ¥555 million (down 51.3% year on year). The operating revenue mainly consists of ¥4,648 million (down 14.1% year on year) for art production related to production and licensing works, etc. As a result, in the overall Film business, operating revenue was ¥91,177 million (down 12.1% year on year) and operating profit was ¥19,400 million (down 16.4% year on year).
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 3 - IP and Anime business In the IP and Anime business, TOHO CO.,LTD. as well as TOHO Global Inc. and its consolidated subsidiaries are actively working on the domestic and overseas development of IP that the Group manages. In the six months ended August 31, 2026, revenue from the use of digital distribution in Japan and overseas for TOHO animation productions that we had invested in, such as “JUJUTSU KAISEN,” “My Hero Academia,” “Frieren: Beyond Journey’s End” and “The Apothecary Diaries,” as well as revenue as a result of royalty from various distributions contributed to business performance. In addition, revenues from merchandising rights in Japan and overseas for “JUJUTSU KAISEN,” “My Hero Academia,” “Haikyu!!,” as well as “Godzilla” and other products contributed to the performance. In terms of souvenir programs and character goods, sales related to works distributed by the Company, including “Chiikawa The Movie: The Secret of Mermaid Island” and “Detective Conan: Fallen Angel of the Highway” performed well, as did sales for work s by TOHO animation and “Godzilla” merchandise. On March 1, 2026, a company split was conducted in which TOHO CO.,LTD. transferred to TOHO Global Inc. the business of licensing the use of video works and content, for which TOHO CO.,LTD. holds exploitation rights, to domestic and foreign business operators for overseas markets. As a result, operating revenue in the IP and Anime business was ¥43,132 million (up 15.6% year on year) and operating profit was ¥5,970 million (down 44.2% year on year). The above operating revenue mainly consists of ¥19,207 million for the production and licensing of video content (up 22.7% year on year), ¥6,332 million for the licensing of merchandising rights (down 21.8% year on year), and ¥12,909 million for the sales and merchandising (up 33.8% year on year). Theatrical business In the Theatrical business, TOHO CO.,LTD. staged “Blood Brothers,” “10th Anniversary VOICARION,” “REBECCA,” “The World of Machida -kun,” “GHOST,” and others at Theatre Creation. It also staged “Romantics Anonymous (TOKYO TATEMONO Brillia HALL),” “Sister Act (MEIJIZA),” “Roald Dahl’s Charlie and the Chocolate Factory (Westa Kawagoe, Nissay Theatre),” “Mary Poppins (TOKYU THEATRE Orb, Umeda Arts Theater Main Hall),” “I Love BOTCHAN (MEIJIZA),” “KINGDOM II ( TOKYO TATEMONO Brillia HALL),” among others, at external theaters, and also played “New HISTORY COMING ARENA LIVE -The Imperial Theatre Symphony- (TOKYO GARDEN THEATER, Hall A of Tokyo International Forum)” to a full house. Other than this, the Company expanded external theatrical works of “Roald Dahl’s Charlie and the Chocolate Factory” and others. At TOHO ENTERTAINMENT CO., LTD., affiliated actors worked robustly on commercial performances, etc. As a result of the above, operating revenue in the Theatrical business was ¥9,589 million (down 10.4% year on year) and operating profit was ¥845 million (down 15.2% year on year). Real Estate business In the Lease of Land and Buildings business, real estate owned in Japan showed steady occupancy. The vacancy rate of real estate for leasing was 0.3% as of August 31, 2026 as a result of our comprehensive responses to tenants while striving to make effective use of the properties we own. As a result, operating revenue in the Lease of Land and Buildings business was ¥18,759 million (down 0.7% year on year) and operating profit was ¥6,737 million (down 3.0% year on year). In the Road business, there was firm public investment, but the situation continued to be unpredictable due to factors such as the chronic shortage of construction tradespeople on top of continued increases in labor costs, equipment and material prices. Under these conditions, Subaru Enterprise Co., Ltd. and its consolidated subsidiaries focused on strengthening their response to a comprehensive evaluation system for open competitive bidding as part of their efforts to increase orders for various construction works. However, due to the absence of price adjustments recorded in the same period of the previous year and other effects, operating revenue in the Road business was ¥15,163 million (up 3.5% year on year) and operating profit was ¥2,459 million (down 11.5% year on year). Operating revenue mainly
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 4 - consists of ¥13,905 million from road maintenance, repair and cleaning services (up 2.8% year on year) and also includes ¥519 million of other revenue (up 4.9% year on year). In the Building Maintenance business, TOHO BUILDING MANAGEMENT Co., Ltd. and Toho Facilities Co., Ltd. proceeded with efforts to receive orders for new services, and increase the scope of services and renegotiate contract amounts with existing customers. H owever, mainly due to the impact of rising material prices and labor costs, operating revenue was ¥6,085 million (up 5.5% year on year) and operating profit was ¥698 million (down 5.5% year on year). As a result of the above, operating revenue in the overall Real Estate business was ¥40,008 million (up 1.8% year on year) and operating profit was ¥9,895 million (down 5.4% year on year). (2) Details of financial position With regard to the financial position as of August 31, 2026, total assets increased by ¥13,707 million from the end of the previous fiscal year to ¥716,641 million. This was mainly due to increases of ¥6,803 million in cash and deposits, ¥13,001 million in notes and accounts receivable - trade, and contract assets, ¥5,053 million in inventories, ¥3,462 million in buildings and structures, net, ¥3,419 million in land, ¥4,458 million in software, and ¥8,180 million in investment securities, despite a decrease of ¥35,383 million in securities. Liabilities increased by ¥5,062 million from the end of the previous fiscal year to ¥175,006 million. This was mainly due to an increase of ¥9,559 million in accounts payable - trade, despite a decrease of ¥2,772 million in income taxes payable. Net assets increased by ¥8,645 million from the end of the previous fiscal year to ¥541,635 million. This was mainly due to a decrease of ¥20,297 million in treasury shares, and increases of ¥9,993 million in valuation difference on available-for-sale securities and ¥1,583 million in foreign currency translation adjustment, despite decreases of ¥1,167 million in capital surplus and ¥22,219 million in retained earnings. (3) Consolidated earnings forecasts and other forward-looking statements Having revised the figures in the earnings forecasts for the fiscal year ending February 28, 2027, which were announced on April 14, 2026, the Company expects to record operating revenue of ¥345,000 million (down 4.3% year on year), operating profit of ¥62,000 million (down 8.7% year on year), ordinary profit of ¥67,000 million (down 4.5% year on year), and profit attributable to owners of parent of ¥48,000 million (down 7.3% year on year) in the fiscal year ending February 28, 2027. For details, please refer to the “Notice Regarding Revisions to the Full -year Consolidated Earnings Forecasts for the Fiscal Year Ending February 2027” and the “Financial Results Presentation for 2Q FY2/27 (semi-annual period)” disclosed today. The capital expenditures for the full fiscal year are expected to be carried out with a budget of ¥29,800 million (including ordinary repair work within the scope of the amount equivalent to depreciation of ¥14,000 million).
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 5 - 2. Semi-annual Consolidated Financial Statements and Significant Notes Thereto (1) Semi-annual consolidated balance sheet (Millions of yen) As of February 28, 2026 As of August 31, 2026 Assets Current assets Cash and deposits 50,970 57,774 Notes and accounts receivable - trade, and contract assets 59,149 72,151 Securities 61,439 26,055 Inventories 21,175 26,228 Short-term loans receivable with resale agreement 14,985 14,988 Other 26,384 31,771 Allowance for doubtful accounts (67) (124) Total current assets 234,036 228,844 Non-current assets Property, plant and equipment Buildings and structures, net 99,040 102,502 Land 127,624 131,044 Construction in progress 8,880 9,209 Other, net 12,382 13,952 Total property, plant and equipment 247,927 256,708 Intangible assets Software 3,455 7,913 Goodwill 16,832 18,768 Other 10,451 6,060 Total intangible assets 30,739 32,742 Investments and other assets Investment securities 164,204 172,384 Other 26,163 26,095 Allowance for doubtful accounts (137) (135) Total investments and other assets 190,230 198,345 Total non-current assets 468,897 487,797 Total assets 702,934 716,641
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 6 - (Millions of yen) As of February 28, 2026 As of August 31, 2026 Liabilities Current liabilities Accounts payable - trade 32,651 42,210 Short-term borrowings 45 30 Current portion of long-term borrowings 300 300 Income taxes payable 15,042 12,270 Provision for bonuses 2,397 1,671 Provision for bonuses for directors (and other officers) 59 – Provision for share awards for directors (and other officers) 23 – Asset retirement obligations 35 31 Other 44,698 41,320 Total current liabilities 95,252 97,835 Non-current liabilities Long-term borrowings 1,275 1,142 Retirement benefit liability 4,060 4,166 Provision for retirement benefits for directors (and other officers) 182 156 Provision for share awards for directors (and other officers) 54 64 Asset retirement obligations 8,474 8,913 Other 60,643 62,728 Total non-current liabilities 74,691 77,171 Total liabilities 169,943 175,006 Net assets Shareholders’ equity Share capital 10,355 10,355 Capital surplus 11,036 9,869 Retained earnings 465,223 443,003 Treasury shares (39,629) (19,331) Total shareholders’ equity 446,986 443,896 Accumulated other comprehensive income Valuation difference on available-for-sale securities 59,304 69,298 Deferred gains or losses on hedges (130) (132) Foreign currency translation adjustment 6,867 8,450 Remeasurements of defined benefit plans 2,340 2,266 Total accumulated other comprehensive income 68,381 79,883 Non-controlling interests 17,622 17,856 Total net assets 532,990 541,635 Total liabilities and net assets 702,934 716,641
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 7 - (2) Semi-annual consolidated statement of income and semi -annual consolidated statement of comprehensive income Semi-annual consolidated statement of income (Millions of yen) Six months ended August 31, 2025 Six months ended August 31, 2026 Operating revenue 191,677 185,162 Operating costs 107,004 102,078 Gross profit 84,672 83,083 Selling, general and administrative expenses Personnel expenses 13,876 15,857 Advertising expenses 4,545 5,405 Provision for bonuses 1,163 1,332 Retirement benefit expenses 900 512 Provision for retirement benefits for directors (and other officers) 19 15 Provision for share awards for directors (and other officers) – (2) Rent expenses on land and buildings 5,665 6,007 Other 17,354 23,015 Total selling, general and administrative expenses 43,525 52,144 Operating profit 41,146 30,938 Non-operating income Interest income 344 389 Dividend income 1,229 2,704 Foreign exchange gains – 303 Other 573 100 Total non-operating income 2,147 3,497 Non-operating expenses Interest expenses 8 14 Share of loss of entities accounted for using equity method 972 1,225 Foreign exchange losses 118 – Other 2 68 Total non-operating expenses 1,102 1,308 Ordinary profit 42,192 33,127 Extraordinary income Gain on sale of investment securities 8,913 – Total extraordinary income 8,913 – Extraordinary losses Impairment losses – 56 Demolition cost of non-current assets 689 1,177 Other – 22 Total extraordinary losses 689 1,256 Profit before income taxes 50,416 31,871 Income taxes - current 16,900 12,184 Income taxes - deferred (839) (1,101) Total income taxes 16,060 11,083 Profit 34,356 20,788 Profit attributable to non-controlling interests 906 768 Profit attributable to owners of parent 33,450 20,019
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 8 - Semi-annual consolidated statement of comprehensive income (Millions of yen) Six months ended August 31, 2025 Six months ended August 31, 2026 Profit 34,356 20,788 Other comprehensive income Valuation difference on available-for-sale securities 10,813 9,993 Foreign currency translation adjustment (1,240) 509 Remeasurements of defined benefit plans, net of tax (17) (74) Share of other comprehensive income of entities accounted for using equity method (2,662) 1,074 Total other comprehensive income 6,893 11,503 Comprehensive income 41,249 32,291 Comprehensive income attributable to Comprehensive income attributable to owners of parent 40,343 31,520 Comprehensive income attributable to non-controlling interests 906 770
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 9 - (3) Semi-annual consolidated statement of cash flows (Millions of yen) Six months ended August 31, 2025 Six months ended August 31, 2026 Cash flows from operating activities Profit before income taxes 50,416 31,871 Depreciation 6,760 7,676 Impairment losses – 56 Increase (decrease) in allowance for doubtful accounts 18 31 Interest and dividend income (1,574) (3,093) Interest expenses 8 14 Share of loss (profit) of entities accounted for using equity method 972 1,225 Loss (gain) on sale of investment securities (8,913) – Decrease (increase) in accounts receivable - trade, and contract assets (16,599) (12,245) Decrease (increase) in inventories 133 (4,597) Increase (decrease) in trade payables 20,106 9,110 Increase (decrease) in accrued consumption taxes 2,246 (3,285) Other 5,638 4,092 Subtotal 59,214 30,856 Interest and dividends received 1,579 3,043 Interest paid (10) (22) Income taxes paid (13,028) (14,733) Net cash provided by (used in) operating activities 47,755 19,144 Cash flows from investing activities Purchase of securities (30,945) (25,967) Proceeds from sale of securities 13,510 52,000 Purchase of property, plant and equipment (8,239) (16,479) Proceeds from sale of property, plant and equipment 63 841 Purchase of investment securities (232) (265) Proceeds from sale of investment securities 10,555 – Payment for settlement of contingent consideration – (11,263) Loan advances (0) (200) Proceeds from collection of loans receivable 2 202 Investments in money held in trust (1,700) (1,000) Proceeds from cancellation of money held in trust 1,300 2,000 Other (2,785) (4,355) Net cash provided by (used in) investing activities (18,470) (4,489) Cash flows from financing activities Net increase (decrease) in short-term borrowings 10 (14) Proceeds from long-term borrowings – 17 Repayments of long-term borrowings (155) (150) Purchase of treasury shares (6) (11,867) Dividends paid (8,460) (11,305) Dividends paid to non-controlling interests (237) (536) Purchase of shares of subsidiaries not resulting in change in scope of consolidation (13) (9) Repayments of lease liabilities (11) (63) Net cash provided by (used in) financing activities (8,875) (23,928) Effect of exchange rate change on cash and cash equivalents (409) 382 Net increase (decrease) in cash and cash equivalents 19,999 (8,891) Cash and cash equivalents at beginning of period 76,608 86,683 Cash and cash equivalents at end of period 96,607 77,792
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 10 - (4) Notes to semi-annual consolidated financial statements (Notes on going concern assumption) Not applicable. (Notes on significant changes in the amount of shareholders’ equity) (Purchase of treasury shares) The Company purchased 7,500,000 treasury shares, pursuant to a resolution at a meeting of its Board of Directors held on April 14, 2026. As a result of this purchase and other factors, treasury shares increased by ¥11,866 million. (Cancellation of treasury shares) The Company cancelled 30,000,000 treasury shares on April 30, 2026, pursuant to a resolution at a meeting of its Board of Directors held on April 14, 2026. As a result, capital surplus and treasury shares decreased in value by ¥32,085 million each. Since the balance of other capital surplus fell into negative figures due to the cancellation of treasury shares, etc., other capital surplus is set at zero, and the negative figures are deducted from other retained earnings. As a result of the above, capital surplus stood at ¥9,869 million, retained earnings stood at ¥443,003 million, and treasury shares stood at ¥19,331 million as of August 31, 2026. (Adoption of special accounting treatments for preparing semi -annual consolidated financial statements) Not applicable.
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 11 - (Segment information, etc.) [Segment information] I. Six months ended August 31, 2025 Disclosure of net sales and profit (loss) by reportable segment (Millions of yen) Reportable segments Other (Note 1) Total Adjustments (Note 2) Amounts in the semi- annual consolidated statement of income (Note 3) Film business IP and Anime business Theatrical business Real Estate business Total Net sales Sales to external customers 103,709 37,313 10,698 39,314 191,035 641 191,677 – 191,677 Intersegment sales or transfers 2,260 1,378 31 2,411 6,082 246 6,329 (6,329) – Total 105,970 38,692 10,729 41,726 197,118 887 198,006 (6,329) 191,677 Segment profit (loss) 23,193 10,698 997 10,463 45,353 71 45,425 (4,278) 41,146 (Notes) 1. The “Other” category is a business segment that is not included in the reportable segments and includes businesses that operate sports facilities, etc. 2. The ¥4,278 million deducted from segment profit (loss) as adjustment consists of an addition of ¥12 million in intersegment transaction elimination, and a deduction of ¥4,291 million in corporate expenses that cannot be allocated to any reportable segment. Corporate expenses mainly consist of general and administrative expenses that are not attributable to reportable segments. 3. Segment profit (loss) is adjusted with operating profit stated in the semi-annual consolidated statement of income. II. Six months ended August 31, 2026 Disclosure of net sales and profit (loss) by reportable segment (Millions of yen) Reportable segments Other (Note 1) Total Adjustments (Note 2) Amounts in the semi- annual consolidated statement of income (Note 3) Film business IP and Anime business Theatrical business Real Estate business Total Net sales Sales to external customers 91,177 43,132 9,589 40,008 183,907 1,254 185,162 – 185,162 Intersegment sales or transfers 2,441 789 29 2,646 5,906 319 6,226 (6,226) – Total 93,618 43,921 9,618 42,655 189,814 1,574 191,388 (6,226) 185,162 Segment profit (loss) 19,400 5,970 845 9,895 36,111 (207) 35,904 (4,965) 30,938 (Notes) 1. The “Other” category is a business segment that is not included in the reportable segments and includes businesses that operate sports facilities, membership service business, etc. 2. The ¥4,965 million deducted from segment profit (loss) as adjustment consists of an addition of ¥24 million in intersegment transaction elimination, and a deduction of ¥4,990 million in corporate expenses that cannot be allocated to any reportable segment. Corporate expenses mainly consist of general and administrative expenses that are not attributable to reportable segments. 3. Segment profit (loss) is adjusted with operating profit stated in the semi-annual consolidated statement of income.
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 12 - (Notes on revenue recognition) Breakdown of revenue from contracts with customers Six months ended August 31, 2025 (Millions of yen) Reportable segments Other Total Film business IP and Anime business Theatrical business Real Estate business Main services Domestic distribution to movie theaters 33,898 – – – – 33,898 Production and licensing of video content 4,079 15,649 – – – 19,729 Management of movie theaters 53,850 – – – – 53,850 Art production related to production and licensing works, etc. 5,410 – – – – 5,410 Licensing of merchandising rights – 8,092 – – – 8,092 Sales and merchandising – 9,646 – – – 9,646 Production and exhibition of theatrical works – – 10,698 – – 10,698 Road maintenance, repair and cleaning services – – – 13,522 – 13,522 Building maintenance – – – 5,768 – 5,768 Other 6,469 3,925 – 634 641 11,670 Revenue from contracts with customers 103,709 37,313 10,698 19,925 641 172,287 Other revenue (Note) – – – 19,389 – 19,389 Sales to external customers 103,709 37,313 10,698 39,314 641 191,677 (Note) Other revenue includes rental income based on ASBJ Statement No. 13 “Accounting Standard for Lease Transactions.”
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TOHO CO.,LTD. (9602) Consolidated financial results for the six months ended August 31, 2026 - 13 - Six months ended August 31, 2026 (Millions of yen) Reportable segments Other Total Film business IP and Anime business Theatrical business Real Estate business Main services Domestic distribution to movie theaters 23,015 – – – – 23,015 Production and licensing of video content 5,249 19,207 – – – 24,456 Management of movie theaters 55,155 – – – – 55,155 Art production related to production and licensing works, etc. 4,648 – – – – 4,648 Licensing of merchandising rights – 6,332 – – – 6,332 Sales and merchandising – 12,909 – – – 12,909 Production and exhibition of theatrical works – – 9,589 – – 9,589 Road maintenance, repair and cleaning services – – – 13,905 – 13,905 Building maintenance – – – 6,085 – 6,085 Other 3,107 4,684 – 739 1,254 9,786 Revenue from contracts with customers 91,177 43,132 9,589 20,729 1,254 165,884 Other revenue (Note) – – – 19,278 – 19,278 Sales to external customers 91,177 43,132 9,589 40,008 1,254 185,162 (Note) Other revenue includes rental income based on ASBJ Statement No. 13 “Accounting Standard for Lease Transactions.”