TOEI COMPANY,LTD.

東映株式会社

Information & Communication

Toei Company, Ltd., a content company, engages in the production and distribution of movies, television (TV) shows, and other video products in Japan. The company produces and distributes theatrical films, TV programs, and educational videos; engages in the video licensing business; produces and sells CDs, DVDs, Blu-ray discs, and games; licenses character merchandising rights and copyrights of films and programs; manages theaters and cinema complexes; and runs character shows related to films and videos. It also produces, plans, and holds cultural events; operates TOEI Kyoto studio park and Kyoto film studio; and engages in the construction work and contract interior decoration activities, as well as online sales of products. In addition, the company engages in the rental of commercial buildings, office buildings, and condominiums; owns commercial complexes; and operates and manages hotels. Toei Company, Ltd. was incorporated in 1949 and is based in Tokyo, Japan.

← Companies

Price

¥5,900

Market Cap

¥380.2B

Ent. Value

¥292.2B

Net Cash

¥88.0B

Shares Out.

64.4M

P / E

23.2×

EV / EBIT

8.3×

P / Book

1.38×

P / NCAV

6.18×

Div. Yield

0.31%

Financials

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥179.9B	¥171.3B	¥174.4B	¥117.5B
Cost of Sales	¥104.6B	¥104.5B	¥102.9B	¥70.5B
Gross Profit	¥75.3B	¥66.9B	¥71.5B	¥47.0B
SG&A	¥40.1B	¥37.5B	¥35.1B	¥29.2B
Operating Income	¥35.2B	¥29.3B	¥36.3B	¥17.8B
Non-Operating Income	¥6.1B	¥6.1B	¥4.5B	¥5.7B
Dividend Income	¥991M	¥968M	¥1.5B	¥1.1B
Interest Income	¥1.1B	¥861M	¥184M	¥34M
Non-Operating Expenses	¥1.2B	¥124M	¥647M	¥184M
Interest Expense	¥139M	¥87M	¥115M	¥66M
Ordinary Income	¥40.0B	¥35.3B	¥40.2B	¥23.3B
Pre-tax Income	¥39.3B	¥35.4B	¥38.6B	¥22.3B
Income Taxes	¥10.1B	¥10.3B	¥11.6B	¥5.9B
Current Tax	¥10.6B	¥9.9B	¥11.3B	¥5.9B
Deferred Tax	¥-455M	¥421M	¥239M	¥78M
Net Income (owners)	¥15.7B	¥14.0B	¥15.0B	¥9.0B
Minority Interest	¥13.5B	¥11.1B	¥12.0B	¥7.4B
Comprehensive Income	¥45.5B	¥38.8B	¥26.0B	¥19.3B
EBITDA	¥39.5B	¥33.0B	¥39.8B	¥21.3B
EPS	¥253.96	¥225.68	¥1,212.40	¥723.31
Shares Outstanding	64.4M	12.9M	12.9M	12.9M
Shares Issued (total)	73.8M	14.8M	14.8M	14.8M
Treasury Shares	9.4M	1.9M	1.9M	1.9M

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥463.6B	¥411.4B	¥379.9B	¥348.6B
Current Assets	¥170.9B	¥169.7B	¥155.2B	¥129.5B
Cash & Deposits	¥105.4B	¥105.2B	¥93.6B	¥81.6B
Trade Receivables	¥43.9B	¥38.9B	¥38.0B	¥23.8B
Non-Current Assets	¥292.8B	¥241.7B	¥224.7B	¥219.1B
PP&E	¥98.0B	¥91.6B	¥90.4B	¥89.3B
Intangible Assets	¥2.0B	¥2.0B	¥1.8B	¥1.1B
Investment Securities	¥150.4B	¥126.3B	¥111.9B	¥114.3B
Deferred Tax Assets	¥795M	¥274M	¥327M	¥202M
Total Liabilities	¥109.3B	¥95.2B	¥96.7B	¥87.4B
Current Liabilities	¥61.9B	¥53.9B	¥57.5B	¥55.6B
Accounts Payable	¥33.4B	¥33.5B	¥32.2B	¥28.6B
ST Debt	¥7.5B	¥1.4B	¥1.6B	¥10.7B
Taxes Payable	¥5.9B	¥3.6B	¥7.4B	¥3.2B
Non-Current Liabilities	¥47.4B	¥41.2B	¥39.2B	¥31.8B
Total LT Borrowings	¥9.9B	¥12.8B	¥14.0B	¥7.2B
Pension Obligations	¥4.3B	¥4.7B	¥4.9B	¥4.8B
Deferred Tax Liab.	¥15.2B	¥7.6B	—	—
Total Equity	¥354.3B	¥316.2B	¥283.2B	¥261.1B
Capital Stock	¥11.7B	¥11.7B	¥11.7B	¥11.7B
Capital Surplus	¥22.9B	¥22.8B	¥22.7B	¥22.6B
Retained Earnings	¥183.0B	¥169.1B	¥156.8B	¥142.5B
Treasury Stock	¥-11.6B	¥-11.6B	¥-11.6B	¥-11.0B
AOCI	¥58.6B	¥44.5B	¥33.1B	¥35.0B
Equity (owners)	¥206.1B	¥191.9B	¥179.5B	¥165.7B
Minority Interests	¥89.7B	¥79.8B	¥70.5B	¥60.4B

Total Interest-Bearing Debt ⓘ	¥17.4B	¥14.2B	¥15.6B	¥17.9B
Net Cash ⓘ	¥88.0B	¥91.0B	¥78.0B	¥63.7B
NCAV ⓘ	¥61.5B	¥74.5B	¥58.5B	¥42.0B
NCAV/Share	¥955	¥5,779	¥4,540	¥3,262
BV/Share	¥3,197	¥14,892	¥13,929	¥12,858

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥33.6B	¥22.1B	¥27.3B	¥14.5B
Interest Paid	¥-135M	¥-87M	¥-110M	¥-64M
Interest Received	¥3.4B	¥2.9B	¥2.7B	¥1.9B
D&A	¥4.3B	¥3.7B	¥3.4B	¥3.5B
Investing CF	¥-17.5B	¥-9.8B	¥-7.8B	¥-17.9B
CapEx	¥8.3B	¥4.4B	¥4.5B	¥7.3B
Purchase Investments	¥-320M	¥-602M	¥-93M	¥-110M
Proceeds from Invest.	¥381M	¥604M	¥41M	¥248M
Financing CF	¥-4.6B	¥-7.5B	¥-6.6B	¥-3.4B
Dividends Paid	¥-1.7B	¥-1.7B	¥-773M	¥-773M
Share Buybacks	¥-2M	¥-5M	¥-557M	¥-10M
LT Debt Repaid	¥-1.3B	¥-1.2B	¥-3.6B	¥-2.9B
Free Cash Flow	¥25.4B	¥17.7B	¥22.8B	¥7.2B
Net Change in Cash	¥11.1B	¥6.6B	¥13.9B	¥-6.0B

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	6.3%	6.2%	7.3%	4.6%
ROA	3.6%	3.5%	4.1%	2.6%
EPS	¥253.96	¥225.68	¥1,212.40	¥723.31
DPS	¥18.00	¥135.00	¥130.00	¥60.00
BPS	¥4,274.51	¥3,819.35	¥17,172.50	¥16,176.24
FCF/Share	¥394	¥1,375	¥1,771	¥556
NCAV/Share	¥955	¥5,779	¥4,540	¥3,262
Payout Ratio	7.1%	59.8%	10.7%	8.3%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 5

Date	Activist	Stake	Event	Flag	Demands
2026-01-09	Ayar First Investment Company	6.31%	initial_5pct	Passive	—
2026-01-09	Public Investment Fund	—	exit	Passive	—
2025-11-10	Sumitomo Mitsui DS Asset Management Company, Limited	6.27%	change	Passive	—
2023-06-23	Public Investment Fund	5.37%	change	Passive	—
2023-06-23	Public Investment Fund	6.03% +0.66%	correction	Passive	—

#	Shareholder	Shares (thou.)	% of Total
1	TV Asahi Holdings Corporation 株式会社テレビ朝日ホールディングス	12,640	19.62%
2	株式会社ＴＢＳテレビ	6,075	9.43%
3	Bandai Namco Holdings Inc. 株式会社バンダイナムコホールディングス	5,177	8.03%
4	JP MORGAN CHASE BANK ＪＰＭＯＲＧＡＮＣＨＡＳＥＢＡＮＫ３８０８１５（常任代理人株式会社みずほ銀行決済営業部）	4,662	7.24%
5	Japan Master Trust Bank 日本マスタートラスト信託銀行株式会社（信託口）	4,572	7.10%
6	Japan Custody Bank 株式会社日本カストディ銀行（信託口）	3,602	5.59%
7	東急株式会社	3,000	4.66%
8	FUJI MEDIA HOLDINGS, INC. 株式会社フジ・メディア・ホールディングス	2,862	4.44%
9	日本テレビ放送網株式会社	2,400	3.72%
10	GOLDMAN SACHS INTERNATIONAL ＧＯＬＤＭＡＮＳＡＣＨＳＩＮＴＥＲＮＡＴＩＯＮＡＬ（常任代理人ゴールドマン・サックス証券株式会社）	1,749	2.71%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

12.7%

+0.4% vs 2024

Trust bank custodians — GPIF, pensions, investment trusts

Foreign Custodians

0.0%

+0.0% vs 2024

Sub-custodians for foreign asset managers

Direct / Strategic

59.9%

+0.9% vs 2024

Named entities with disclosed investment intent

Shareholder	2023	2024	2025
TV Asahi Holdings Corporation 式会社テレビ朝日ホールディングス	19.61%	19.62%	19.62%
式会社ＴＢＳテレビ	9.43%	9.43%	9.43%
Bandai Namco Holdings Inc. 式会社バンダイナムコホールディングス	8.03%	8.03%	8.03%
JP MORGAN CHASE BANK ＪＰＭＯＲＧＡＮＣＨＡＳＥＢＡＮＫ３８０８１５	7.20%	7.23%	7.24% +0.01%
Japan Master Trust Bank 日本マスタートラスト信託銀行	6.02%	6.58%	7.10% +0.52%
Japan Custody Bank 日本カストディ銀行	5.22%	5.69%	5.59% -0.10%
東急	4.66%	4.66%	4.66%
FUJI MEDIA HOLDINGS, INC. 式会社フジ・メディア・ホールディングス	4.44%	4.44%	4.44%
日本テレビ放送網	3.72%	3.72%	3.72%
GOLDMAN SACHS INTERNATIONAL ＧＯＬＤＭＡＮＳＡＣＨＳＩＮＴＥＲＮＡＴＩＯＮＡＬ	2.38%	1.87%	2.71% +0.84%
Concentration (HHI) ⓘ	714	725	735

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥55,494M +70% since 2023

Holdings 31 +6 new 15 exited

Trend 5 building vs 2023

Held Company	FY2025 ¥55,494M total		FY2023 ¥32,599M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
Bandai Namco Holdings Inc. ㈱バンダイナムコホールディングス	35,413	+200.0% ↑ 7,077,072	20,159	2,359,024	M
Nippon Television Holdings, Inc. 日本テレビホールディングス㈱	5,459	1,787,700	2,039	1,787,700
TBS Holdings Co., Ltd. ㈱ＴＢＳホールディングス	4,154	NEW New 974,300	—
TOKYU CORPORATION 東急㈱	2,445	1,451,103	2,556	1,451,103	M
Sumitomo Mitsui Financial Group, Inc. ㈱三井住友フィナンシャルグループ	1,785	+200.0% ↑ 470,451	830	156,817
FUJI MEDIA HOLDINGS, INC. ㈱フジ・メディア・ホールディングス	1,634	NEW New 640,600	—		M
TOC Co.,Ltd ㈱テーオーシー	978	1,520,000	965	1,520,000	M
DENTSU GROUP INC. ㈱電通グループ	789	240,000	1,116	240,000	M
Mitsubishi UFJ Financial Group, Inc. ㈱三菱ＵＦＪフィナンシャル・グループ	487	242,650	205	242,650
KITANO CONSTRUCTION CORP. 北野建設㈱	460	111,700	329	111,700	M
TV TOKYO Holdings Corporation ㈱テレビ東京ホールディングス	348	97,800	241	97,800
Sumitomo Mitsui Trust Group, Inc. 三井住友トラストグループ㈱	213	NEW New 57,434	—
繝ｯ繧ｷ繝ｳ繝医Φ繝帙ユ繝ｫ譬ｪ蠑丈ｼ夂､ｾワシントンホテル㈱	190	158,400	140	158,400
TOHOKUSHINSHA FILM CORPORATION ㈱東北新社	171	+200.0% ↑ 299,100	70	99,700	M
greenland resort company limited グリーンランドリゾート㈱	141	230,000	120	230,000
SHIMIZU CORPORATION 清水建設㈱	133	101,000	75	101,000	M
ASAHI BROADCASTING GROUP HOLDINGS CORPORATION 朝日放送グループホールディングス㈱	130	202,000	133	202,000	M
日本電信電話㈱	123	+2400.0% ↑ 856,800	135	34,272
Resona Holdings, Inc. ㈱りそなホールディングス	92	72,100	46	72,100
㈱ＩＭＡＧＩＣＡＧＲＯＵＰ	82	160,000	95	160,000	M
MS&AD Insurance Group Holdings, Inc. ＭＳ＆ＡＤインシュアランスグループホールディングス㈱	77	+200.0% ↑ 24,048	32	8,016
BIC CAMERA INC. ㈱ビックカメラ	46	30,000	33	30,000
Nippon BS Broadcasting Corporation 日本ＢＳ放送㈱	42	48,000	43	48,000
MATSUYA CO., LTD. ㈱松屋	31	30,000	33	30,000
WOWOW Co., Ltd. ㈱ＷＯＷＯＷ	28	28,000	35	28,000
ANA HOLDINGSINC. ＡＮＡホールディングス㈱	27	NEW New 10,000	—
Daiwa Securities Group Inc. ㈱大和証券グループ本社	15	NEW New 16,000	—
Nomura Holdings Inc. 野村ホールディングス㈱	1	NEW New 1,177	—
㈱東急レクリエーション	—		—		M
Dai Nippon Printing Co.,Ltd. 大日本印刷㈱	—		—
Odakyu Electric Railway Co.,Ltd 小田急電鉄㈱	—		—
Hirogin Holdings, Inc. ㈱ひろぎんホールディングス	—	−100% Exit —	71	114,450
第一生命ホールディングス㈱	—	−100% Exit —	2	900
NIPPON CHEMIPHAR CO., LTD. 日本ケミファ㈱	—	−100% Exit —	66	36,400
KAJIMA CORPORATION 鹿島建設㈱	—	−100% Exit —	41	26,250	M
DAIWA HOUSE INDUSTRY CO., LTD. 大和ハウス工業㈱	—	−100% Exit —	67	21,780
TBS Holdings Co., Ltd. ㈱TBSホールディングス	—	−100% Exit —	1,856	974,300
㈱フジ・メディアホールディングス	—	−100% Exit —	765	640,600	M
三井住友トラスト・ホールディングス㈱	—	−100% Exit —	130	28,717
Tokai Tokyo Financial Holdings, Inc. 東海東京フィナンシャル・ホールディングス㈱	—	−100% Exit —	54	148,468
RKB MAINICHI HOLDINGS CORPORATION ㈱ＲＫＢ毎日ホールディングス	—	−100% Exit —	34	6,000
ANA HOLDINGSINC. ANAホールディングス㈱	—	−100% Exit —	28	10,000
KADOKAWA CORPORATION ㈱ＫＡＤＯＫＡＷＡ	—	−100% Exit —	26	9,344
Yamaguchi Finacial Group,Inc. ㈱山口フィナンシャルグループ	—	−100% Exit —	16	20,476
㈱大和証券グル―プ本社	—	−100% Exit —	9	16,000
Marui Group Co. ㈱丸井グループ	—	−100% Exit —	4	2,200
Portfolio total	55,494		32,599

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding