Toei Animation announces major secondary share offering overseas

Toei Animation Co., Ltd. announced a secondary offering of 10,575,000 shares of its common stock in overseas markets, following a board resolution on September 10, 2025. Fuji Media Holdings, Inc. will be the selling shareholder. The offer price will be determined between September 11 and 12, 2025, through a book-building process. Underwriters, including BofA Securities Inc. and Daiwa Securities Co. Ltd., will purchase and offer these shares, primarily to qualified institutional investors in the U.S. under Rule 144A.

The offering aims to improve the liquidity of Toei Animation’s shares. Underwriters will receive proceeds from the difference between the offer price and the underwriting price. The delivery date for the shares is set for September 17, 2025, with a unit of 100 shares. Toei Animation and key shareholders have agreed to a 180-day lock-up period following the delivery date, restricting the sale of additional common stock.

Despite the capital relationship changes, Toei Animation confirmed that its business and cooperative relationship with Fuji Media Holdings will remain unaffected, with Kenji Shimizu continuing as an outside director. The company aims to maintain strong domestic and international ties to enhance corporate value.