Tokyo Theatres

Basic Information

Stock Code
9633
Industry
Services
Category Detail
Real Estate & Housing
Prefecture
Tokyo
Establishment Year
June 1946
Listing Year
May 1949
Official Website
https://www.theatres.co.jp/
TSE Information
TSE Information
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Overview

Tokyo Theatres is a long-established company founded in 1946, with its core businesses in movie exhibition and distribution as well as real estate leasing, centering on movie theater operations and pursuing diversification.

Current Situation

Tokyo Theatres recorded consolidated sales of approximately 16.3 billion yen and operating profit of approximately 650 million yen for the fiscal year ended March 2023, with movie distribution and exhibition as well as real estate leasing as its pillars. In movie theater operations, it focuses on mini-theaters and independent films through the Theatre Cinema Group, maintaining its position as a mid-tier player in the industry. In real estate, it concentrates on tenant buildings in entertainment districts and commercial facility leasing to stabilize revenue. It has diversified into food and beverage-related businesses such as izakaya pubs, practicing community-oriented management. After withdrawing from Sezon Group-related businesses and hotel operations in the past, it has undertaken business restructuring, including entry into renovated apartments and expansion of cinema operation partnerships. For differentiation from competitors, it emphasizes the uniqueness of its movie distribution and utilization of real estate assets, while working to strengthen its financial base by reducing borrowings. Moving forward, it aims for sustainable growth through diversification of video content and collaboration with local communities.

Trivia

Interesting Facts

  • Long-term distributor of the 'That’s Anpanman!' movie series
  • Long-established movie exhibition company founded in 1946
  • Known as a pioneer in mini-theaters
  • Deep ties to the former Sezon Group
  • Formerly operated cabarets and bowling alleys
  • Headquarters in Shinjuku, Tokyo, with business expansion in multiple sectors
  • Distributes a wide range of works centered on independent films
  • Operates izakaya chain in Hokkaido
  • Actively promoting reduction of long-term borrowings

Hidden Connections

  • Contracted operations for many movie theaters of former Sezon Group's Seiyu and Parco
  • Founder was Shozaburo Yoshioka, a heavyweight in Hankyu-Hanshin-Toho Group
  • Deep connections with Nikkatsu, collaborating on distribution and exhibition
  • Allied with multiple theater operators to form cinema network
  • Contributing to Hokkaido regional economy through food subsidiaries
  • Conducts composite operations of movie exhibition and real estate leasing
  • Long involved in commercial facility development on former theater sites
  • Operates own label to maintain mini-theater culture

Future Outlook

Growth Drivers

  • Expansion of demand for diversifying video content
  • Stable growth in community-based real estate leasing
  • Promotion of new partnerships in movie distribution and exhibition
  • Strengthening regional expansion of izakaya and other food businesses
  • Digital transformation in culture and entertainment industry

Strategic Goals

  • Stabilize theater revenue and enhance customer experience
  • Achieve sustainable increase in real estate revenue
  • Expand video content production and distribution business
  • Create corporate value rooted in local communities
  • Establish sustainable management foundation

Business Segments

Movie Exhibition and Distribution Related

Overview
Provides distribution and exhibition services for independent and roadshow films.
Competitiveness
Diverse movie distribution routes through unique networks
Customers
  • Movie theater operators
  • Independent film production companies
  • Local governments
  • Film festival operators
  • Cinema complex operators
Products
  • Movie distribution services
  • Exhibition planning and operations
  • Production support
  • Screening program provision
  • Marketing and promotion

Real Estate Leasing Business

Overview
Leasing management of commercial and office facilities in major urban areas.
Competitiveness
Stable revenue base from historic properties and community-oriented management
Customers
  • Commercial facility tenants
  • Office-using companies
  • Restaurant chains
  • Individual investors
  • Regional development operators
Products
  • Commercial facility leasing
  • Office space leasing
  • Tenant management
  • Building maintenance

Food and Beverage Services

Overview
Supports restaurant operations and new openings to promote regional expansion.
Competitiveness
Synergies between food and beverage and movie businesses for unique store development
Customers
  • Izakaya chains
  • Restaurant operators
  • Restaurant development companies
  • Food wholesalers
Products
  • Restaurant operation support
  • Menu development support
  • Store management services

Video Content Production Support

Overview
Provides support services for planning and production of independent films.
Competitiveness
Diverse support system leveraging long years of exhibition expertise
Customers
  • Independent filmmakers
  • Film production companies
  • Distribution companies
  • CM production companies
Products
  • Film planning and production support
  • Fundraising support
  • Distribution network provision

Regional Revitalization Support

Overview
Promotes regional revitalization support through movie-related events.
Competitiveness
Planning capabilities leveraging movie theater operations and regional ties
Customers
  • Local governments
  • Local shopping districts
  • Regional event operators
Products
  • Film festival planning
  • Regional event support
  • Cultural facility operation consulting

Renovated Apartment Business

Overview
Real estate business buying back, renovating, and selling used apartments.
Competitiveness
Expertise in community-focused property regeneration
Customers
  • Home buyers
  • Real estate investors
  • Construction companies
Products
  • Used apartment buybacks
  • Renovations
  • Sales support

Competitive Advantage

Strengths

  • Brand trust from long history
  • Expertise in mini-theater sector
  • Diversified business portfolio
  • Convenience of headquarters in Shinjuku, Tokyo
  • Synergies between movie theater operations and real estate leasing
  • Community-focused food and beverage store expansion
  • Strong partnerships with independent films
  • Building solid financial foundation
  • Established screening network
  • Specialized exhibition expertise

Competitive Advantages

  • One-stop provision of movie distribution and exhibition
  • Diverse real estate assets rooted in local communities
  • Strength in independent films for mini-theaters
  • Multiple self-branded food and beverage stores
  • Prestige from historic movie theater operations
  • Synergistic effects of multi-faceted operations including theaters and dining
  • Business alliances with Cine Libri and Cine Canon
  • Retention of rare video content distribution routes
  • Commercial facility leasing in urban areas
  • Flexible services accommodating diverse customer segments

Threats

  • Shrinking mini-theater market and declining attendance
  • Intense competition from major cinecon operators
  • Impact of proliferating digital streaming services
  • Economic fluctuation risks in central Tokyo real estate market
  • Revenue instability from business diversification
  • Risk of reduced theater attendance due to COVID-19
  • Increasing competing restaurant chains
  • Financial base uncertainty from difficulties in debt reduction
  • Constraints on food/beverage and real estate from stricter regulations
  • Risks from video content copyright issues
  • Accelerating decline in youth movie attendance
  • Sluggish consumer activity due to economic downturn

Innovations

2021: Contracted to Operate Uplink Kyoto Theater

Overview
Contracted operations for Uplink Theater in Kyoto to promote diversification of screening titles.
Impact
Contributes to increased attendance from younger demographics

2024: Cine Libri Umeda Theater Renamed

Overview
Renamed Cine Libri Umeda to Theatre Umeda to strengthen the brand.
Impact
Improved brand recognition in the Kansai area

2022: Expansion of Renovated Apartment Business

Overview
Expanding used apartment buyback and regeneration business centered in Hokkaido.
Impact
Bolsters real estate revenue

2020: Acquired Rights to 'Anpanman Movie' Distribution

Overview
Continuously acquiring distribution rights for popular character films to achieve stable revenue.
Impact
Diversification and expansion of revenue base

2023: Strengthening Izakaya Chain in Food Business

Overview
Expanding the 'Kushidori' brand of subsidiary Sapporo Kaihatsu mainly in Hokkaido.
Impact
Elevated status in regional food markets

Sustainability

  • Preservation and promotion of regional cinema culture
  • Theater operations aimed at reducing environmental impact
  • Active support for local economic revitalization
  • Resource conservation through efficient use of real estate assets
  • Preserving cultural diversity through support for small film productions