Major film studio Toei Co. on Wednesday reported an 87.7 percent jump in its group net profit for the year to March 31, due largely to improved profitability in its mainstay movie business.
Toei said its group net profit came to 1.71 billion yen, or 14.20 yen per share, compared with a year-earlier net profit of 911 million yen, on 2.6 percent growth in operating revenue to 120.29 billion yen.
Group pretax profit grew 40.8 percent to 9.10 billion yen and operating profit rose 32.6 percent to 9.98 billion yen.
Toei said the results reflect the company's efforts to "execute down-to-earth operations" in each of its business segments amid generally slumping consumer spending.
Operating profit rose 7.4 percent to 8.84 billion yen in the movie-related segment, in which revenue increased considerably from royalties linked to popular movie characters and animation series for TV and videos, Toei said.
Toei left its full-year dividend unchanged at 5 yen per share.
For the current business year, Toei expects a group net profit of 1.8 billion yen, pretax profit of 6 billion yen and total operating revenue of 118 billion yen.