Toei Animation targets 200 bn yen revenue by 2031 with VISION2030 plan

Toei Animation Co. has unveiled VISION2030, a mid-term management plan aiming for 200 bn yen in revenue and 50 bn yen in operating profit by the fiscal year ending March 2031. This plan, spanning from March 2027 to March 2031, emphasizes organic growth with a target of 500 bn yen in investment for inorganic growth opportunities. The company also projects a long-term goal of 500 bn yen in revenue, with overseas sales expected to exceed 60% and localization efforts reaching approximately 30% by around 2035.

Strategic investments for VISION2030 total approximately 200 bn yen, focusing on studios (24 bn yen), IP/content (70 bn yen), regional development (20 bn yen), customer touchpoints (19 bn yen), and other areas including inorganic growth and human resources (50 bn yen and 15 bn yen, respectively). Key financial indicators for the plan's final year include an ROE of 15% or more, an equity ratio of 70% or more, a dividend payout ratio of 40% or more, and a total return ratio of 50%.

In its latest financial results for the second quarter of the fiscal year ending March 2026, Toei Animation reported net sales of 44,954 million yen, an 8.2% decrease year-on-year, primarily due to reactionary declines in domestic distribution rights sales and merchandise from popular titles. Despite this, operating profit reached 16,638 million yen, a 2.1% decrease year-on-year, attributed to strong overseas licensing and reduced production costs for new animation. The company maintains its full-year forecast, projecting 88,000 million yen in net sales and 26,000 million yen in operating profit for the fiscal year ending March 2026.