Toei Animation Co. Ltd. shares climbed 2.9% to close at ¥3,075 on Tuesday, extending gains from the prior session as investors reacted to two major developments in its intellectual property portfolio.
The advance followed the announcement that France and Saudi Arabia will jointly develop a $7 billion Dragon Ball Z-themed amusement park near Paris. The project will be financed by Qiddiya, a Saudi entertainment and investment group, while Toei, the original animator of the franchise, stands to benefit from licensing and related revenue streams.
Toei’s shares also drew support from the scheduled release of two new One Piece films, which analysts expect to bolster earnings given the franchise’s consistent box office performance. The Nikkei 225 index showed limited movement during the same period, indicating Toei’s gains outpaced broader market trends.
Toei Animation, headquartered in Tokyo, has built its valuation on a portfolio of long-running animated franchises, with Dragon Ball Z and One Piece among its most valuable properties. The company’s stock has gained momentum in recent sessions as investors price in potential revenue from new licensing agreements and media adaptations tied to its IPs.
