Toei Animation announced their full-year earnings for the fiscal year ending on March 2022 reporting a record high net sales worth 57 billion yen on Thursday, May 12, 2022.
The sales figures were 10.5% higher than the previous fiscal year’s 51.5 billion yen.
The net sales includes an operating income of 18.1 billion yen (up 16.8%) and an ordinary income of 18.8 billion yen (up 17.3%). The company’s net income for the period was 12.8 billion yen (up 15.8%).
All numbers represent record highs for the company.
Toei Animation cited its overseas business, video distribution, and copyright business with its high-profit margin, as some of the factors for its high performance. The overseas copyright business is driven by sales of commercialization rights for the Dragon Ball series, One Piece, and Saint Seiya series.
Sales and profits in the copyright sector increased, with sales of 32.9 billion yen (up 13.8%) and operating income of 15.9 billion yen (up 11.9 percent ). However, sales were down 9.5 percent, at 2.2 billion yen, and the operating loss was 189 million yen in the product sales division.
As the international market expanded, the overseas sales ratio has reached a new high of 62%. Asia had the highest sales by region, at 17.4 billion yen, and the fastest growth rate, at 25.9 %. North America is increasing at 12 billion yen (up 13%), Europe is expanding at 5.1 billion yen (up 2.2%), and Latin America is growing at 1.1 billion yen (up 19.1%).
Toei reported that the planning and production of animation and video sales increased significantly to 20.7 billion yen (up 5.1%) and operating profit was 5.7 billion yen (up 19.9%).
Even though the number of Toei movie releases decreased compared to the previous year, the number of TV animation increased significantly and sales of video distribution rights expanded.
With the upcoming release of Dragon Ball Super Super Hero, ONE PIECE FILM RED, and SLAM DUNK: The movie, Toei Animation stated consolidated sales are estimated to be 70 billion yen for fiscal year ending in March 2023.
It is predicted to rise by 22.8 percent from the previous quarter to a new high after the fiscal year ends in March 2022.