TOEI ANIMATION
1
©2019 Star Twinkle Pretty Cure The Movie Production Committee, Troll, Poplar
Oct 25, 2019
TOEI ANIMATION CO., LTD
For FY Ended September 30, 2019（April 1, 2019 to September 30, 2019）
Star Twinkle Pretty Cure the Movie
Released on October 19, 2019
BUTT DETECTIVE
Saturday at 9:00 am on NHK Educational TV
TOEI ANIMATION
2
2016.3
2Q
2017.3
2Q
2018.3
2Q
2019.3
2Q
2020.3
2Q
% v.s.
prior year
Net Sales
18,519
19,774
23,444
25,579
29,010
13.4%
Cost of Sales
10,838
12,612
14,620
14,222
16,825
18.3%
SG&A
2,596
2,736
2,861
3,437
3,522
2.5%
Operating Income
5,085
4,426
5,962
7,918
8,662
9.4%
Ordinary Income
5,320
4,612
6,281
8,215
8,937
8.8%
Net Income
3,541
3,433
4,291
5,809
6,271
7.9%
0
3,000
6,000
9,000
12,000
0
8,000
16,000
24,000
32,000
（Million Yen）
Net Sales
Income
FY2020.3 Second Quarter Results -Consolidated
Net sales and each income item hit new second-quarter record highs.
Sales of game development rights, particularly those of app games, were
strong in Japan and overseas.
Sales of the merchandising rights of ONE PIECE showed strong performance
thanks to the hit of the movie ONE PIECE STAMPEDE.
TOEI ANIMATION
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FY2020.3 2Q Results Segment Breakdown -Consolidated
FY2019.3
2Q
FY2020.3
2Q
% v.s.
prior year
FILM
Net Sales
8,365 10,121
21.0%
Segment Income
2,528
2,206
-12.8
%
Licensing
Net Sales
14,719 16,143
9.7%
Segment Income
6,907 7,880
14.1%
Sales of Goods
Net Sales
2,148 2,387
11.1%
Segment Income
19 12 -35.4
%
Others
Net Sales
416 447
7.3%
Segment Income
-47 3
ｰ
TOTAL
Net Sales
25,579 29,010
13.4%
Operating Income
7,918 8,662
9.4%
（Million Yen）
*Numbers for each segment includes intra-company sales.
TOEI ANIMATION
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FY2020.3 2Q Results Segment Analysis (1)(Film)
FY19.3
2Q
FY20.3
2Q
Net Sales
25,579
29,010
Film
8,365
10,121
Movies
184
1,054
TVs
1,240
1,697
DVDs
271
281
Overseas
5,277
4,959
Others
1,390
2,129
Licensing
14,719
16,143
Japan
7,663
8,402
Overseas
7,056
7,741
Sales of Goods
2,148
2,387
Others
416
447
（Million Yen）
Film（ 21.0％ year on year）
• In Movies, revenues rose sharply backed by the
hit movie ONE PIECE STAMPEDE.
• In TV Anime, revenues rose substantially
thanks to strong results, particularly of sound
production for games and film production for
events.
• In DVDs, revenues increased due to strong
sales of Blu-ray/DVD of Pretty Cure Miracle
Universe.
• In the Overseas segment, while sales of screen
presentation rights for DRAGON BALL SUPER:
BROLY went well, there was a decrease in
revenue due to a downturn in multi-year
contracts for film distribution rights intended
for North America in the same period of the
previous year.
• In the Others segment, revenues increased
sharply due to strong sales of the online
distribution rights.
* The figures for each segment include intra-company sales.
TOEI ANIMATION
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FY2020.3 2Q Results Segment Analysis (2)
(Licensing/Sales of Goods/Others)
FY19.3
2Q
FY20.3
2Q
Net Sales
25,579
29,010
Film
8,365
10,121
Movies
184
1,054
TVs
1,240
1,697
DVDs
271
281
Overseas
5,277
4,959
Others
1,390
2,129
Licensing
14,719
16,143
Japan
7,663
8,402
Overseas
7,056
7,741
Sales of Goods
2,148
2,387
Others
416
447
（Million Yen）
Licensing（ 9.7％ year on year）
Sales of Goods（ 11.1％ year on year）
• Revenues increased sharply because of the
strong sales of tie-up campaign-related
products for ONE PIECE STAMPEDE and the
shop business MUGIWARA(ONE PIECE) STORE.
• In domestic licensing, revenues rose thanks to
strong sales of the app game DRAGON BALL
LEGENDS and licensing for the tie-up promotion of
the movie ONE PIECE STAMPEDE.
• In overseas licensing, revenues increased thanks to
strong sales of the merchandising rights of the
DRAGON BALL series and ONE PIECE, in addition to
renewal contracts for app games and new licensing
contracts, despite a reactionary fall from the
licensing of DRAGON BALL FIGHTERZ and DRAGON
BALL LEGENDS which performed well in the same
period of the previous year.
Others（ 7.3％ year on year）
• Revenues grew thanks to strong results of
BUTT DETECTIVE’s character shows.
* The figures for each segment include intra-company sales.
TOEI ANIMATION
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FY2020.3 Second Quarter Results Review
FY19.3
2Q
FY20.3
2Q
+-
% v.s.
prior year
Net Sales
3,431 13.4%
Costs of Sales
2,602 18.3%
Gross Profit
828 7.3%
SG & A
84 2.5%
Operating Income
743 9.4%
Non-Operating Income
297 330 32 11.1%
Non-Operating Expense
0 55 55 8,695.2%
Ordinary Income 8,215 8,937 721 8.8%
Extraordinary Gain and Loss
ｰ -22 -22 ｰ
Net Income before tax
8,215 8,914 698 8.5%
Income Taxes 2,384 2,651 266 11.2%
Income Taxes Adjustment
21 -8 -29
ｰ
Minority Interest ｰ ｰ ｰ ｰ
Net Income 5,809 6,271 461 7.9%
（Million Yen）
Cost of Sales / Gross Profit
Gross profit to net sales: 42.0%
(Gross profit to net sales last year: 44.4%)
Gross profit to net sales worsened slightly
because the ratio of sales for the profitable
overseas business decreased.
Non-Operating Income and Expense
Non-operating expense[+55]
Foreign exchange loss[+29] (from 0 in the
previous FY to 29 in the current FY)
SG&A
SG&A[+84]
1)Advertising expense[+81] (from 270 in the
previous FY to 351 in the current FY)
2)Supplies expense[+34] (from 53 in the
previous FY to 88 in the current FY)
Net Sales
Businesses with sharp increases in revenues
1)Movies[869] ⇒ 2)Film Others[738] ⇒
3)Licensing Japan[738] ⇒ 4)Licensing
Overseas[685]
Businesses with significant declines in revenues
1)Film Overseas[-318]
Extraordinary Gain and Loss
Extraordinary loss[+22]
Loss on revaluation of investments in
securities
TOEI ANIMATION
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Trends in Domestic Licensing for Major Titles
Tie-up campaign for the ONE PIECE STAMPEDE movie showed strong performance.
Sales of merchandising rights also improved upon the release of ONE PIECE movie.
For DRAGON BALL, despite a decline in momentum for DOKKAN BATTLE, LEGENDS
was able to make up for it.
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
17/03期 18/03期 19/03期 20/03期
国内版権売上高の推移
その他
ドラゴンボール
ワンピース
4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
17/03期 18/03期 19/03期 20/03期
売
上
高
ドラゴンボール国内版権売上高の推移
ドラゴンボール(SNS･ｱﾌﾟﾘ･家庭用ｹﾞｰﾑ) ドラゴンボール(玩具他)
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
17/03期 18/03期 19/03期 20/03期
売
上
高
ワンピース 国内版権売上高の推移
ワンピース(SNS･ｱﾌﾟﾘ･家庭用ｹﾞｰﾑ) ワンピース(玩具他)
Trends in Domestic Licensing Revenues
FY17.3 FY18.3 FY19.3 FY20.3
Others
DRAGON
BALL
ONE
PIECE
Trends in Domestic Licensing Revenues for DRAGON BALL
Net
Sales
Games Toys and others
Trends in Domestic Licensing Revenues for ONE PIECE
Net
Sales
FY17.3 FY18.3 FY19.3 FY20.3
FY17.3 FY18.3 FY19.3 FY20.3
Games Toys and others
TOEI ANIMATION
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Trends in Film Overseas
Decrease in the distribution business in a cumulative basis year on year due to a decrease
in revenue due to a downturn in multi-year contracts for film distribution rights intended
for North America.
Total sales of screen presentation rights for DRAGON BALL SUPER: BROLY was good,
mainly in Central and South America.
The result of the collaborative animation with Saudi Arabia is likely to be posted in or
after 3Q.
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
FY17.3 FY18.3 FY19.3 FY20.3
Net
Sales
Trends in Net Sales of Film Overseas
North America Europe Asia Latin America
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
FY17.3 FY18.3 FY19.3 FY20.3
Net
Sales
Breakdown of Net Sales by Business
Online Distribution(except China) Online Distribution(China) Other Film
TOEI ANIMATION
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Trends in Licensing Overseas
Sales of the merchandising rights of DRAGON BALL and ONE PIECE rose further.
Posted multiple cases of minimum guarantees for new and renewed contracts for
app games.
App game MG = concern about a reactionary decline in profits from the 3rd
quarter because profits were received in advance.
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
FY17.3 FY18.3 FY19.3 FY20.3
Net
Sales
Trends in Net Sales of Licensing Overseas
North America Europe Asia Latin America
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
FY17.3 FY18.3 FY19.3 FY20.3
Net
Sales
Breakdown of Net Sales by Business
Game(app and online) Game(home-use and others) Other Licensing
TOEI ANIMATION
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Revised Estimates for FY2020.3 - Consolidated
FY20.3(full year)
Previous
Estimates
(May 14, 2019)
Revised
Estimates
(Oct. 23, 2019)
+-
FY19.3
Results +-
Net Sales
46,200 55,000 8,800 55,701 △701
Operating Income
12,000 15,000 3,000 15,741 △741
Ordinary Income
12,300 15,300 3,000 16,265 △965
Net Income
8,500 10,700 2,200 11,375 △675
【FY2020.3 Grounds for earnings estimates】
In addition to sales for app game development rights domestically and overseas,
as sales of merchandising rights for the DRAGON BALL series and ONE PIECE
and consent for domestic tie-up and sales promotions leading up to the theatrical
release of ONE PIECE STAMPEDE transitioned well, revenue and profits are
expected to exceed the previous forecast.
Sales of app game development rights are expected to remain steady year on
year, as there were no related sales for DRAGON BALL SUPER: BROLY, which
had been released in the second half of the previous year, or any large contracts
for game machines.
（Million Yen）
TOEI ANIMATION
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Recognition of Our Current State and Our Direction
■Stiff competition with app games
■Expanded sales dependence on the
game business
■A sense of DOKKAN BATTLE being
passed by
■There is a limit to growth
in only the game business
■App game business activity
■Advancement of film online
distribution business
■Appearance of new services
through developed technology
Expansion is
limitless with a
strong IP
Current State Our Perception
Negative
Factors
Further Strengthen our Strengths as an Animation Production
Company
Positive
Factors
TOEI ANIMATION
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Initiatives Aimed for Medium and Long-Term Growth
Challenges
for new
titles/
business
Activation
of existing
content
Challenge for global product development/creation of new hit titles
Securing profits through holding on to existing fans and taking in
new fans
Looking for Magical
DoReMi(tentative)
20
th
project of Magical
DoReMi
Scheduled to be
released in early
summer of 2020
Digimon Adventure
LAST EVOLUTION
(tentative)
Scheduled to be released
on February 21, 2020
Sailor Moon Eternal
Prequel and sequel
are going to be released in 2020
The Monkey Prince (tentative)
Collaborative work between Japan,
China and the U.S.
in animation for families, eyeing
the global market
Jurassic!
The Company’s original intellectual property
created through new planning and projects
initiated by young staff members.
A short movie is shown from August.
Event screening at the Tokyo International Film Festival
・Achieved box office sales of
5.5 billion yen for ONE PIECE
STAMPEDE, exceeding
previous film
・Scheduled distribution
of Slum Dunk app game
for China
Promoting 2-part Content Development to Become a Stronger
Animation Production Company
100-year Anime Project
Our first experiment advertising
for anime planners and creators
Crowd funding for 20th DIGIMON
ADVENTURE MEMORIAL STORY
PROJECT reached 200% of its goal
in 2 weeks
©Monkey Prince Kingdom, Toei, Naoko Takeuchi, PNP, Sailor Moon Eternal Production Committee, Akiyoshi Hongo, Toei Animation
TOEI ANIMATION
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Future Initiatives
Schedule
Topics
Development of New Movies
Digimon Adventure LAST EVOLUTION (tentative)
-Scheduled to be released on February 21, 2020
Looking for Magical DoReMi (tentative)
-Scheduled to be released in early summer of 2020.
-Magical DoReMi 20th anniversary movie.
Sailor Moon Eternal
-Decision to release prequel and sequel.
-Prequel is scheduled to be released on
September 11, 2020.
The Monkey Prince (tentative)
-Decision to internationally co-produce a full-scale
animation film was finalized
Business in China
ONE PIECE STAMPEDE
-Released from October 18, 2019.
-Achieved development with minimal pause
from release in Japan.
PC Browser Game DRAGON BALL
-Started 3
rd
closed beta test from September 19, 2019
App Game DRAGON BALL
-Scheduled distribution from 2019 fall
-The number of pre-registered accounts exceeded 13
million (as of October 25, 2019).
App Game Slum Dunk
-Closed beta test is put into practice
App Game Digimon is scheduled to be distributed
FY20.3
4Q~
FY20.3
3Q
FY20.3
2Q
©Eiichiro Oda, 2019 One Piece Production Committee, Naoko Takeuchi, PNP, Sailor Moon Eternal Production Commitee
Scheduled distribution of DRAGON BALL app game for China
[2019 fall]
Distribution of SAINT SEIYA: KNIGHTS OF THE ZODIAC worldwide
on Netflix [Jul.19]
Release of internationally co-produce movie The Monkey
Prince (tentative) [TBA]
Release of ONE PIECE STAMPEDE [Aug.9]
Scheduled distribution of ONE PIECE BON! BON! JOURNEY!! app
game [TBA]
Release of Looking for Magical DoReMi (tentative) [early
summer of 2020]
Release of Digimon Adventure LAST EVOLUTION (tentative)
[Feb.21]
Start of 3
rd
closed beta test of PC browser game DRAGON
BALL for China [Sep.19]
Worldwide home-use game DRAGON BALL Z KAKAROT [Jan.16]
Release of Star Twinkle Pretty Cure the Movie [Oct.19]
Release of ONE PIECE STAMPEDE in Taiwan, Hong Kong and Macau
[August]
Release of Sailor Moon Eternal [2020]
Release of short movie Jurassic! on YouTube [Aug.24]
Release of ONE PIECE STAMPEDE in China [Oct.18]
Scheduled distribution of Slum Dunk app game for China
[TBA]
Release of ONE PIECE: Pirate Warriors 4(PS4/Switch/Xbox) [2020]
Release of Digimon Survive(PS4/Switch) [2020]
Scheduled distribution of Digimon app game for China [TBA]
Film
Licensing
Sales of Goods Others
TOEI ANIMATION
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30 30 30 30
80
145
38
70
65
100
0
30
60
90
120
150
About Dividend
Plan for year-end Dividend
FY2019.3
¥70 per share
FY2020.3
payout ratio will be approximately 25%, depending on the
consolidated financial results.
Special Dividend
Ordinary Dividend
Plan
Result
Plan
Result
Plan
Result
Plan
Result
Plan
Fiscal year
FY16.3 FY17.3 FY18.3 FY19.3
FY20.3
※Dividend
per share
95(31.7)yen
130(43.3)yen
145(48.3)yen
70 yen
52 yen
Payout
ratio
25.2％ 24.6％ 25.2％ 25.2％ 25％
（yen）
Dividend Policy
Based on sustained and stable
dividends, we decide the amount
of dividend each year with
comprehensive consideration of
the financial results and securing
internal funds for aggressive
business development in the
medium-to long-term.
we expect the dividend payout
ratio to be approximately 25%,
depending on the consolidated
financial results.
*The company conducted a share split on April 1, 2018. The dividend prior to the fiscal year ending March 2018 was calculated based on the assumption that shares are split at the beginning of
each term, as described in parenthesis, in addition to the actual dividend. For the fiscal year ending March 2019, the dividend is described considering the influence of the share split.
TOEI ANIMATION
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Reference (1) Lineup of Titles Being Broadcast
©ABC-A, Mizuki Production, Fuji TV, Eiichiro Oda, Shueisha, Troll, Poplar, Masami Kurumada, Toei Animation
SUN at 8:30am on ABC/TV Asahi Network
Star Twinkle Pretty Cure
SUN at 9:00am on Fuji TV et al.
Ge-Ge-Ge no Kitaro
SUN at 9:30am on Fuji TV et al.
ONE PIECE
SAT at 9:00am on
NHK Educational TV
BUTT DETECTIVE
July 19,2019~
on Netflix
SAINT SEIYA:
KNIGHTS OF THE ZODIAC
TOEI ANIMATION
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Reference (2) Lineup of New Titles in 2020
©Akiyoshi Hongo, Toei, Naoko Takeuchi, PNP, Sailor Moon Eternal Production Committee, Toei Animation
Digimon Adventure
LAST EVOLUTION (tentative)
To be released on February 21, 2020
Looking for Magical DoReMi
(tentative)
To be released in early summer
of 2020
Sailor Moon Eternal
To be released in 2020
TOEI ANIMATION
[Precautions regarding outlook]
The contents described in this material are based on
judgments and assumptions made with reference to
information available as of the time of writing.
The Company does not warrant that estimated
figures, strategies or measures will necessarily be
achieved.