Shochiku revises earnings forecast upward, records loss from BS exit

Shochiku Co., Ltd. (TSE:9601) has revised its full-year earnings forecast for the fiscal year ending February 28, 2025, upward, while also announcing an expected extraordinary loss. The improved outlook is largely due to the exceptional performance of the films "Nintama Rantarō: Invincible Master of the Dokutake Ninja" and "366 Days," which have exceeded initial box office projections, generating JPY 3 billion and JPY 2.5 billion, respectively. This success has boosted revenue in both the cinema and film distribution businesses.