This is a follow up report to: Toei Animation Q1 Report for Fiscal Year 2022: A Stronger One Piece, but Dragon Ball is as Formidable as Ever
Net sales for Q2 is up for Toei Animation, its best so far since the 2nd quarter of Fiscal Year 2018, a jump of 17.77% year-on-year to 29,740 million yen (≈260.8 million USD) from 24,455 million yen (≈214.5 million USD) for Fiscal Year 2021. The company also reported its biggest profit, nearly double the profit made for Fiscal Year 2018 Q2 at 8,144 million yen (≈71.4 million USD) for the latest quarter, up from 5,601 million yen (≈49.1 million USD) of the previous fiscal year. As such, its half-year performance stands at 42,927 million yen (≈376.5 million USD) for net sales while its net income is at 11,192 million yen (≈98.2 million USD).
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Looking Good for Overseas Film, Overseas Licensing Almost Two Times the Size of Domestic
Toei Animation reports a large growth for its Film segment from Q2 of the year before, and its best since Q2 of Fiscal Year 2018, climbing 19.37% to 11,782 million yen (≈103.3 million USD), mainly supported by revenue from Overseas Film brought upon large sales of video distribution rights in China. Sales from TV Animations have also grown from 947 million yen (≈8.3 million USD) to 1,748 million yen (≈15.3 million USD) amid an increase in the number of TV broadcasts. Revenue from DVDs (inclusive of Blu-rays) have noted a small drop to 214 million yen (≈1.9 million USD), its weakest since Fiscal Year of 2018 caused by a reactionary decline of its One Piece: Stampede disc sales, likewise revenues from Movies have slumped to its lowest since Fiscal Year 2018 to 117 million yen (≈1.03 million USD) as a result of the pandemic and a reactionary decline from multiple works such as Sailor Moon Eternal.
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Revenue from Asia Exploded, Overseas Sales Remain Strong
While sales for its Domestic market has recovered from the plunge it faced for Q2 the fiscal year before, the Overseas market continues to extend its lead, recording its highest ever growth for Q2 since Fiscal Year 2018. Sales were at a strong 19,457 million yen (≈170.7 million USD) for the Overseas market, an increase of 25.17% over the previous fiscal year whereas the Domestic market registered a minor improvement of 3.76% over the previous year to 10,317 million yen (≈90.5 million USD).
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Asia has for the most part taken a large proportion of its Overseas market for some time now, but the gap has grown to its largest for the Fiscal Year 2022 as the region leapfrogged by 44.15% from Q2 of Fiscal Year 2021 to see its best performance to date. The market from Asia alone is now worth 10,872 million yen (≈95.4 million USD) for Q2 of Fiscal Year 2022, making up 55.9% of its total Overseas market. The U.S. is not too shabby either, growing 11.94% from the previous fiscal year to 5,803 million yen (≈50.9 million USD), accounting to nearly 30% of the Overseas market. Considering the number of countries and population that the region has as opposed to Asia, this is still a very significant contribution. However, the market for Latin America and Europe have shrunken by a fair bit from the prior year to 514 million yen (≈4.5 million USD) and 2,266 million yen (≈19.9 million USD) respectively.
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One Piece Records its Best Overseas Film Performance Since FY2018, Dragon Ball for its Overseas Licensing
As for individual titles, most of them have reported a decline for Domestic Licensing with the exception of One Piece which noticed a slight increase in sales for Fiscal Year 2022, up by 5.20% from the previous year to 1,942 million yen (≈17.03 million USD) while Dragon Ball retreated to 2,731 million yen (≈24 million USD).
It is in the Overseas Film department where most titles have shine, particularly One Piece which recorded its best performance since Fiscal Year 2018. Sales have climbed by 38.34% to 2,559 million yen (≈22.4 million USD) and Dragon Ball has risen by 4.60% to 1,630 million yen (≈14.3 million USD). Pretty Cure too has registered better growth of 37.50% to 488 million yen (≈4.3 million USD).
Dragon Ball remains strong in the Overseas Licensing segment at 5,228 million yen (≈45.9 million USD) in revenue, its best since Fiscal Year 2018, while One Piece recorded a jump of 36.92% to 1,782 million yen (≈15.6 million USD). Here, Slam Dunk has witnessed better sales performance from the previous fiscal year to 1,054 million yen (≈9.2 million USD) from the 803 million yen (≈7.04 million USD) in sales it made from Q2 of Fiscal Year 2018.
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Both One Piece and Dragon Ball remain to be lucrative as the two are Toei Animation’s biggest earners for Q2 Fiscal Year 2022. Dragon Ball registered better sales in total of 9,589 million yen (≈84.1 million USD), an increase of 9.21% over Fiscal Year 2021. One Piece on the other hand reported its best performance to date since Q2 of Fiscal Year 2018 to 5,983 million yen (≈52.5 million USD) after a dip it experienced for Fiscal Year 2021.
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(REDACTED) This would bring their half-year performance as follows: Dragon Ball at 14,202 million yen (≈124.6 million USD) and One Piece at 8,421 million yen (≈73.9 million USD). This is not their best performance however, of which was recorded for Fiscal Year 2020. Nevertheless, it is still an improvement over the last fiscal year.
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Toei Animation Co., Ltd. is incorporated in Japan with its head office in Nakano-ku. It is listed on the Tokyo Stock Exchange under ticket symbol: 4816.
Sources:
Financial Results (Q2 FY2022)
Presentation Materials (Q2 FY2022)
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Updated (October 30, 2021) – Redacted the last visualisation as it contains inflated numbers
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