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Toho Co ( (JP:9602) ) has shared an update.
Toho Co., Ltd. will significantly increase the capital of its London-based subsidiary TOHO THERATRICALS UK LIMITED by £16 million, elevating the unit to the status of a specified subsidiary as its capital will exceed 10% of the parent company’s capital. The UK entity, established in April 2024 and fully owned via TOHO Global Inc., is slated to become Toho’s European regional headquarters, serving as the core base for the group’s European strategy, with the new funds earmarked for acquiring operating companies and providing working capital; the company expects only a minor impact on its consolidated results, but the move underscores a strategic push to strengthen its European footprint in venture capital, performing arts support and related creative businesses.
The most recent analyst rating on (JP:9602) stock is a Hold with a Yen9599.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.
More about Toho Co
Toho Co., Ltd. is a Japanese entertainment company listed on the Prime Market of the Tokyo Stock Exchange and the Fukuoka Stock Exchange. Through its subsidiary TOHO Global Inc., it oversees overseas operations that include distribution, streaming, and merchandise development of anime and live-action works, with a growing focus on international expansion of its intellectual property.
Average Trading Volume: 671,725
Technical Sentiment Signal: Buy
Current Market Cap: Yen1382.6B
For detailed information about 9602 stock, go to TipRanks’ Stock Analysis page.