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Japanese anime studio producing globally popular franchises such as One Piece and Dragon Ball.
Japanese anime studio producing globally popular franchises such as One Piece and Dragon Ball.
Produces anime for broadcasters and streamers, and earns more from licensing: overseas broadcast and streaming rights, games, toys and merchandise built on series such as One Piece and Dragon Ball, whose original manga belongs to publishers it shares rights with. Parent Toei Company is the largest shareholder.
In one line: A Japanese Pixar/DreamWorks Animation focused on TV anime and licensing.
Moat: narrow (brand, IP / patents). Owns some of the most valuable anime IP globally, generating durable licensing royalties.
Headquarters: Tokyo, Japan · Founded: 1948 · Employees: 1,048
Size Toei Animation (4816.T) is a Japan Communication Services company (Movies/Entertainment) with a market value of $4.17B, the 278th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,225 on 6 Nov 2026.
Performance Over six months the shares gained 23.3%, against +13.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +3.8%); the operating margin is 31.0% (peer median 7.3%).
Valuation It trades at 27.9× forward earnings against a peer median of 27.9× (9th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥95.3B | ¥93.7B | ¥101B | ¥88.7B | ¥87.5B |
| Revenue growth | — | -7% | +14% | +1% | — |
| Gross profit | ¥50.2B | ¥49.2B | ¥48.4B | ¥37.4B | ¥41.0B |
| EBITDA | n/a | ¥31.8B | ¥33.2B | ¥24.2B | ¥29.3B |
| Net income | ¥24.0B | ¥25.1B | ¥23.6B | ¥18.8B | ¥20.9B |
| Free cash flow | n/a | ¥16.2B | ¥26.5B | ¥16.1B | ¥15.1B |
| Capital expenditure | n/a | ¥1.16B | ¥1.09B | ¥622M | ¥918M |
| Total debt | n/a | ¥89.0M | ¥106M | ¥112M | ¥82.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Toei Animation 4816.T | $4.17B | +23% | -2% | 31% | 27.9× | 0.5% |
| Bandai Namco 7832.T | $26.1B | +76% | +9% | 15% | 25.5× | -0.4% |
| Kadokawa 9468.T | $3.02B | -2% | +3% | 2% | 101.9× | 25.1% |
| Toho 9602.T | $9.44B | +22% | +4% | 16% | 28.4× | 7.9% |
| Shochiku 9601.T | $1.03B | +14% | +4% | 5% | 44.1× | 13.5% |
| Sega Sammy 6460.T | $4.28B | +46% | +24% | 10% | 17.8× | -2.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4816.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.1% | +13.5% | 10th lowest of 21 |
| 6-month return | +23.3% | +13.0% | 6th highest of 21 |
| Distance from 52-week high | -4.7% | -15.7% | 4th highest of 21 |
| Revenue growth (TTM) | -1.6% | +3.8% | 6th lowest of 21 |
| Operating margin | 31.0% | 7.3% | highest of 21 |
| Forward P/E | 27.9× | 27.9× | 9th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 0.5% | 3.7% | 6th least demanding of 15 |
| Growth delivered (Del g) | +12.7% | +18.1% | 6th lowest of 15 |
| Hurdle (Req g minus delivered) | -12.2 pp | -18.9 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | +21.0 pp | +0.4 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Toei Animation 4816.T | Japan | $4.17B | +23% | -2% | 31% | 27.9× | 0.5% | +12.7% |
| Lionsgate Studios LION | United States | $4.24B | +16% | -8% | 6% | 52.8× | 18.6% | -8.0% |
| Manchester United MANU | United States | $3.90B | +15% | +5% | -2% | 142.1× | 18.3% | +6.5% |
| China Film 600977.SS | China | $4.48B | +16% | 0% | -9% | 141.5× | -7.1% | +10.4% |
| Cinemark CNK | United States | $4.51B | +44% | +13% | 15% | 14.8× | 2.4% | +35.3% |
| Banijay BNJ.AS | Netherlands | $3.83B | -13% | +7% | 14% | 8.0× | -4.5% | +18.1% |
| Madison Square Garden Entertainment MSGE | United States | $3.65B | +18% | +16% | 17% | 32.1× | 5.0% | +66.9% |
| Benefit Systems BFT.WA | Poland | $5.18B | +54% | +40% | 19% | 23.7× | 13.4% | +34.3% |
| Atlanta Braves BATRA | United States | $3.23B | +1% | +6% | -9% | n/a | n/a | n/a |
| Itv ITV.L | United Kingdom | $3.23B | -16% | +2% | 13% | 8.3× | -2.8% | +4.8% |
| Beijing Enlight Media 300251.SZ | China | $5.49B | -16% | -71% | -57% | 179.5× | n/a | n/a |
| Genting Singapore G13.SI | Singapore | $5.76B | -10% | +2% | 15% | 19.1× | -5.0% | +18.2% |
| Ruyi Film Entertainment 002739.SZ | China | $2.94B | -9% | -8% | 3% | 34.1× | 6.7% | +15.4% |
| AMC Entertainment AMC | United States | $2.80B | +109% | +6% | 5% | n/a | n/a | n/a |
| Zhejiang Huace Film & TV 300133.SZ | China | $2.79B | +15% | +44% | 8% | 50.4× | n/a | n/a |
| Toei 9605.T | Japan | $2.77B | +5% | +3% | 20% | 23.5× | -3.3% | +11.5% |
| CTS Eventim AG & Co. KGaA EVD.DE | Germany | $6.68B | +11% | +14% | 15% | 18.4× | 6.8% | +64.3% |
| Churchill Downs CHDN | United States | $6.71B | +11% | +4% | 26% | 13.6× | 2.3% | +22.7% |
| China Star Entertainment 0326.HK | Hong Kong | $2.54B | -10% | -69% | -157% | n/a | n/a | n/a |
| Shanghai Film 601595.SS | China | $2.40B | +47% | -18% | -2% | 264.9× | 57.0% | +24.4% |
| MSG Rangers MSGR | United States | $2.37B | +1,624% | +2% | -9% | n/a | n/a | n/a |