Toei Company, Ltd. agreed to acquire remaining 34.30% stake in T Joy Co.,Ltd. from Tokyu Recreation Co., Ltd., Toei Animation Co.,Ltd., Toei Video Company, Ltd., Musashino Kogyo Co., Ltd., T.Y. Limited, Inc. and others for ¥3.5 billion.
Published on 06/17/2025
at 07:05 am EDT - Modified on 06/16/2025
Toei Company, Ltd. (TSE:9605) agreed to acquire remaining 34.30% stake in T Joy Co.,Ltd. from Tokyu Recreation Co., Ltd., Toei Animation Co.,Ltd. (TSE:4816), Toei Video Company, Ltd., Musashino Kogyo Co., Ltd. (TSE:9635), T.Y. Limited, Inc. and others for ¥3.5 billion on June 17, 2025. The consideration consists of 0.71 million common equity of Toei Company, Ltd. to be issued for common equity of T Joy Co.,Ltd. Upon completion, Toei Company, Ltd. will own 100% stake in T Joy Co.,Ltd. As on July 16, 2025, Toei Company, Ltd. (TSE:9605) agreed to acquire remaining 34.30% stake in T Joy Co.,Ltd. from Tokyu Recreation Co., Ltd., Toei Animation Co.,Ltd. (TSE:4816), Toei Video Company, Ltd., Musashino Kogyo Co., Ltd. (TSE:9635), T.Y. Limited, Inc. and others for ¥3.1 billion. The consideration consists of 0.61 million common equity of Toei Company, Ltd. to be issued for common equity of T Joy Co.,Ltd. The share exchange consists of 47.2 shares of Toei Company, Ltd. to be issued for a share of T Joy Co.,Ltd.
For the period ending March 31, 2025, T Joy Co.,Ltd. reported total revenue of ¥18.89 billion, EBIT of ¥746 million and net income of ¥777 million. As of March 31, 2025, T Joy Co.,Ltd. reported total assets of ¥21.04 billion and total common equity of ¥14.29 billion.
The Company will implement the Share Exchange without the approval of a resolution at a General Meeting of Shareholders. The deal has been approved by the board of Toei Company. The expected completion of the transaction is July 18, 2025.
Yamada & Partners Tax Co. acted as fairness opinion provider for Toei Company, Ltd.
Toei Animation Co Ltd is a Japan-based company mainly engaged in the video production and sales business, copyright business, and product sales business. It operates through three segments. The Video Production and Sales segment is mainly involved in the planning and production of various anime works for theaters and television, the sale of broadcasting rights and video rights for works, and video distribution services for personal computers and mobile devices. The Copyright segment licenses merchandising rights for characters that appear in the works it produces. The Product Sales segment develops and sells character products. The Company also plans and manages various events such as costume shows and musicals.
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Toei Company, Ltd. agreed to acquire remaining 34.30% stake in T Joy Co.,Ltd. from Tokyu Recreation Co., Ltd., Toei Animation Co.,Ltd., Toei Video Company, Ltd., Musashino Kogyo Co., Ltd., T.Y. Limited, Inc. and others for ¥3.5 billion.
