Distributor TOHO Forecasts Annual Profits Considering Kimetsu no Yaiba's Success
The Japanese film production and distribution company, TOHO, announced on January 12 that it had revised its profit forecast for the fiscal year that will end in February 2021 (from March 2020 to February 2021) given the great success from the movie Kimetsu no Yaiba: Mugen Ressha-hen. Operating income, which is equal to sales, increased to 186 billion yen (about 1.79 billion dollars) while net income (after subtracting expenses) amounted to 14 billion yen (about 135 millions of dollars). Previously, forecasts were at 165 billion yen (about $ 1.59 billion) and 9 billion yen (about $ 86.9 million), respectively.
The film Kimetsu no Yaiba: Mugen Ressha-hen, distributed by TOHO, was released in Japan on October 16, 2020 and remained at the top of weekly grossing for a record twelve consecutive weeks. It has amassed 35.7 billion yen (about $ 344 million) throughout its time in screening in Japan alone, and has become the highest-grossing film of all time in the country.
While the film has maintained its strong run and stable revenue, a state of emergency was declared again in Tokyo and neighboring prefectures on January 7 due to the worsening COVID-19 pandemic, and more prefectures are likely to join soon. to the statement. In this regard, TOHO commented: "This time, we believe that the impact will be limited, as it is only a partial commercial restriction."
Synopsis of Kimetsu no Yaiba: Mugen Ressha-hen
Tanjirou Kamado and his friends from the Demon Hunter Corps accompany the Pillar of Fire, Kyoujurou Rengoku, on a mission to investigate a series of disappearances that occur inside a train. Little do they know that Enmu, one of the members of the Twelve Demon Moons, is also on board and has set a trap for them.
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