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TO Books revenue rises 25%, proposes ¥76 first post-listing dividend

Revenue rose 25.1% to ¥11.8 billion and operating profit 72.7% to ¥1.98 billion in the year ended April. It also proposed a ¥76 first post-listing dividend, though next year's profit guide cools.

Jun 15, 20261 min read
Editorial illustration of books, an e-reader and packaged merchandise symbolising TO Books' growth in digital publishing and media-mix revenue.

TO Books turned an anime-fuelled title slate into a sharper earnings jump and a new shareholder-return marker. For the year ended April 2026, revenue rose 25.1% to ¥11.8 billion, operating profit jumped 72.7% to ¥1.98 billion, and net profit increased 69.0% to ¥1.31 billion.

Results and payout
Actual figures are for the year ended April 2026. The dividend remains subject to shareholder approval on July 29.
MetricAmountChange or note
Revenue¥11.8bnUp 25.1% year on year
Operating profit¥1.98bnUp 72.7%
Net profit¥1.31bnUp 69.0%
Electronic books revenue¥9.10bnUp 27.0%
Other revenue¥1.42bnUp 27.8%
Year-end dividend¥76 per shareFirst post-listing payout, total ¥267m
Payout ratio18.0%Company plans 20.6% next year
Next-year operating profit guide¥1.90bnDown 4.3%

The mix helped. TO Books said sales of novels and comics linked to animated titles stayed firm, while electronic books revenue increased 27.0% to ¥9.10 billion and "other" revenue, including anime, stage, audio, overseas licences and related businesses, rose 27.8% to ¥1.42 billion. Operating margin improved to 16.8% from 12.2%.

The payout is new. TO Books proposed a ¥76 year-end dividend, equal to ¥267 million in total and an 18.0% payout ratio, as its first dividend since the February listing on the Tokyo Stock Exchange Standard Market. The resolution is due to go to shareholders on July 29, with payment scheduled from July 30 if approved.

Management is guiding for a cooler next act. It expects revenue of ¥12.5 billion next year, up 6.0%, but operating profit of ¥1.90 billion, down 4.3%, and net profit of ¥1.30 billion, down 0.8%.