We initiate coverage of Toho, Japan's leading film production, distribution, and exhibition company, which also owns an animation studio and a real estate business. Toho's domestic box office share exceeded 50% in 2025.
Toho is able to rapidly ramp up its in-house animation production capabilities, doubling its animation season count by 2032.
Animation production cost hikes outpace the expansion in recurring revenue for the IP & Anime segment, pressuring margins.
|
Metric
|
9602
|
SKYD
|
6758
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.50 | 7.87 | 20.14 |
Price/Book Value | 2.52 | 0.85 | 2.63 |
Price/Sales | 3.52 | 0.21 | 1.76 |
Price/Cash Flow | 21.40 | 0.40 | 10.04 |
|
Metric
|
9602
|
SKYD
|
6758
|
|---|---|---|---|
Quick Ratio | 2.10 | 0.74 | 0.82 |
Current Ratio | 2.46 | 1.04 | 1.25 |
Interest Coverage | 644.54 | 1.44 | 36.37 |
|
Metric
|
9602
|
SKYD
|
6758
|
|---|---|---|---|
Return on Assets (Normalized) | — | — | 5.03% |
Return on Equity (Normalized) | — | — | 14.71% |
Return on Invested Capital (Normalized) | — | — | 11.68% |
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1-Day Chart
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Name
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Price
|
Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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United States