Musashino Kogyo Co., Ltd.
9635・Standard Market・Services
Movie Business
Movie theater operations and distribution business centered on Musashinokan, a mini-theater in Shinjuku.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (full year FY2026, ending March 2026) | ¥424 million | ¥464 million | ↓ |
| Segment profit (full year FY2026, ending March 2026) | ¥16 million | △¥29 million (loss) | ↑ |
| Segment assets (full year FY2026, ending March 2026) | ¥74 million | ¥111 million | ↓ |
| Depreciation (full year FY2026, ending March 2026) | ¥10 million | ¥5 million | ↑ |
Business Details
This segment consists of the movie theater operations business, which operates Musashinokan (3 screens) in Shinjuku, Tokyo, and the movie distribution-related business conducted by a consolidated subsidiary. Cinema Qualite (2 screens) was closed in January 2026, and the business now operates on a single-theater basis with Musashinokan. The core of the business is to provide diversity in film culture by selecting high-quality films and award-winning works, and operations are conducted domestically only.
Recent Overview
Revenue declined due to the closure of Cinema Qualite, but the Movie Business turned profitable, moving from a loss to a profit.
In FY2026 (ending March 2026), segment revenue for the Movie Business was ¥424 million (down 8.6% year on year), a decrease, but segment profit was ¥16 million (versus a loss of ¥28 million in the prior period), turning positive. The main reason was that Musashinokan's box office performance exceeded the previous year's results. On the other hand, due to the closure of Cinema Qualite in January 2026, a loss on closure of business office of ¥31,994 thousand was recorded as an extraordinary loss. In FY2027 (ending March 2027), operations will continue on a single-theater basis.
Key Products
Growth Drivers
- Strengthening Musashinokan's ability to attract audiences through active selection of high-quality, topical, and award-winning films
- Development of high-value-added special programming such as feature screenings and remastered releases
- Synergies with the movie distribution-related business (nationwide expansion through in-house acquisition and distribution)
- Expansion of local business ties and the film fan base through events such as the "Shinjuku East Exit Film Festival 2026" (May 2026, 6th edition)
- Building new, linked additional value through screening events and other means following nationwide theatrical runs
Risks
- Reduction in the number of screens (from 5 to 3) and shrinking revenue scale due to the closure of Cinema Qualite (January 2026)
- Deterioration of consumer sentiment due to price increases and its impact on demand for movie theater attendance
- A business structure in the Movie Business that is highly susceptible to economic conditions and consumer sentiment, making it prone to gaps between plans and actual results
- Uncertainty regarding the box office performance of films in the movie distribution business
- Risk of a weaker revenue base resulting from the shift to a single-theater operation
Last updated: June 25, 2026