TOHO and IG Port post quarterly profit drops amid market pressures

TOHO Co. reported a 28.3% decline in consolidated operating profit for the first quarter of its fiscal year, falling to ¥13.869 billion year‑on‑year. The drop was linked to weaker box‑office performance of recent releases, including the sequel to "Kokuhou." The company’s announcement of a policy‑share reduction was viewed positively, helping the stock rebound after a brief sell‑off.

IG Port Inc. saw its shares plunge to a year‑low after releasing results showing a 46% year‑on‑year fall in operating profit to ¥766 million for the 2026 fiscal year. The firm also forecast a further 24% decline to ¥579 million for the 2027 fiscal year, prompting investor disappointment and a sharp price drop.

Both companies are listed on the Tokyo Stock Exchange and their earnings updates contributed to broader market movements on July 16.