Fuji Media to sell Toei Animation shares in strategic divestment

Fuji Media Holdings, Inc. announced its decision to sell 10,575,000 shares of Toei Animation common stock in a secondary offering to be conducted in overseas markets. The sale price is scheduled to be determined between September 11 and September 12, 2025. Following the offering, Fuji Media expects to retain 6,575,000 shares of Toei Animation, representing approximately 3.19% of total voting rights as of March 31, 2025.

This divestment aligns with Fuji Media Holdings' strategy to reduce its strategic shareholdings, having already cut approximately 96 billion yen over the past seven years. The company's "Reform Action Plan," announced on May 16, 2025, targets an additional 100 billion yen in sales of strategic shareholdings within three years starting from FY2025. This aims to reduce the ratio to less than 15% of net assets by the end of FY2027.

Fuji Media Holdings anticipates recording an extraordinary gain from the sale in its consolidated financial statements for the second quarter of the fiscal year ending March 2026. The company also confirmed that its business relationship with Toei Animation will remain unaffected, with Kenji Shimizu continuing his role as an outside director of Toei Animation. The ratio of strategic shareholdings to net assets is expected to decrease from 26.6% as of March 31, 2025, to approximately 22% after the offering.