Shares of Toei Animation touched a fresh record high of 2,490 yen apiece, up 6.72% from its previous close, led by which its market capitalization jumped to 1 trillion yen for the first time at 1,046.6 billion yen.
With a market capitalization of the largest in the JASDAQ market and the number one in the TSE Mothers, Toei has surpassed Mercari, an operating company among the flea market apps, which has a capitalization of 1,014.9 billion yen to become the top emerging market.
Over the past decade, it has grown rapidly with the help of the growth of overseas business and domestic copyrights.
The most recent annual sales are not necessarily large at about 51.5 billion yen. However, their stable performance has been evaluated to have a high profit margin even in the corona disaster.
Stock prices have been rising since last summer due to the expansion of the overseas anime market and the high potential. Since September 2019, the company has gained momentum and has finally exceeded its market capitalization of more than 1 trillion yen.
Founded in 1948, Toei Animation is japan’s oldest animation company and the largest animation production company in Japan.
It has produced numerous series, including Dragon Ball, Saint Seiya, Sailor Moon, Slam Dunk, Digimon, One Piece, Toriko, The Transformers (between 1984–1990, including several Japanese exclusive productions), and the Precure series.
Source: Animation Business Info