Company Reports

We initiate coverage of Toei Animation, Japan's top animation studio, best known for the iconic franchises Dragon Ball and One Piece. Toei Animation is a subsidiary of Toei Company, a major Japanese film and TV production and distribution company.

Despite rising production costs and intensifying competition, Toei Animation has maintained high, stable margins for over a decade through its broad portfolio and strong production, sales, and distribution capabilities in Japan and overseas. These capabilities have built a strong track record with intellectual property holders, supporting the renewal of existing licensing relationships and securing production opportunities for new franchises.