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Positive Forecast Spurs Toei Stock Rally Date: 10/27/2005 |
| Undoubtedly the biggest anime news story in Japan for Thursday, is that of Toei Animation. The major animation production company came out with a revised performance forecast for the fiscal business year ending March 18th. The story told is that of very positive business both domestically and overseas. Consolidated net sales as of the interim period that had been assumed to be 9.5 billion Yen were revised to reflect 11.14 billion Yen and gross profits originally announced as 1.64 billion Yen earlier year and then increased to 1.7 billion Yen, today sit at 2.61 billion Yen. In addition, on the year sales of billion to 19.8 billion Yen are expected along with a profit of 3.6 billion Yen. Success stories attributed to this boost are related products to the AIR and Pretty Cure franchises. Both had profitable theatrical runs and the sales based on the DVD release are expected to be good. Video game and broadcasting rights accounted for bigger overseas earnings related to One Piece and Dragonball in North America and 'Sage Fighter Hoshiya' in Europe. Toei views their domestic and foreign business development as very successful and this success could extend beyond the fiscal year. Strengthening overseas business is Toei's overseas subsidiary established in recent months in North America and Europe though the production firm had suffered from a business slump in overseas markets in recent years. On the news, Toei Animation's stock listing shares on the Jasdaq saw a 590 Yen jump from it's 5690 Yen closing price on the 26th to 6280 Yen as of 9:23. Shares peeked at 6490 Yen (14.06% increase) and closed at 6,050 Yen (up 360 Yen 6.33% increase). |
| Source: Anime News Service |
