Shochiku Raises Fiscal 2026 Profit Forecast After Booking 560 Million Yen Extraordinary Gain

MT Newswires Live
15 Jul

Shochiku Co (TYO:9601) raised its profit forecast for fiscal 2026 after recording an extraordinary gain of 560 million yen in the first quarter, stemming from a reversal of provisions related to its withdrawal from BS Shochiku Tokyu Co., according to a Tuesday filing on the Tokyo Stock Exchange.

The gain follows the July 1 transfer of shares in the equity-method affiliate to JCOM Co., which fixed part of the exit costs.

The company now expects consolidated profit attributable to owners of parent to reach 2.9 billion yen in the fiscal year ending Feb. 28, 2026, up 45% from its April forecast of 2 billion yen.

Consolidated revenue and operating profit forecasts remain unchanged at 95 billion yen and 3.1 billion yen, respectively.

On a non-consolidated basis, Shochiku raised its profit forecast to 2 billion yen from 1.1 billion yen, citing a reassessment of deferred tax assets tied to the stock transfer.

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