Overview
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TO Books,Inc.

TO Books is a Japanese publishing company specializing in light novels, manga (comics), and related merchandise, with a strong focus on fantasy and isekai (alternate world) genres. The company publishes popular series such as 'Honzuki no Gekokujou (Ascendance of a Bookworm)' and numerous other titles that are adapted into TV anime, stage productions, and comics. In addition to print and digital book sales, TO Books sells anime-related merchandise and operates its own manga distribution platform (Corona EX).

Market Cap
¥12.0B
US$76.3M
EV
¥6.89B
US$43.9M
Stock¥3,395▼-0.88%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.3
x
LTM EV/EBIT
3.5
x
LTM PER
9.1
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-4.9%pt
1001
Feb 13, 26 – Oct 23, 26StockTOPIX
1Jun 16, 26Full-year FY2026/04 earnings announced
MC → EV Bridge
12.0BUS$76.3MMarket Cap0.10BUS$0.64M+ Debt5.17BUS$33.0M− Cash0.00BUS$0.00M− Inv. Sec.6.89BUS$43.9MEV
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Performance & Balance
Revenue 5Y (¥B)
4.80US$30.6M'22/46.55US$41.7M'23/48.74US$55.7M'24/49.43US$60.1M'25/411.8US$75.2M'26/4
Net Income 5Y (¥B)
0.59US$3.76M'22/40.90US$5.74M'23/41.04US$6.63M'24/40.78US$4.94M'25/41.31US$8.35M'26/4
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'22/4'23/4'24/40.22US$1.41M'25/45.66US$36.1M0.16US$1.02M'26/4
Shareholders
Top 10 hold 81.8%
1
MTS Co., Ltd.
56.87%
2
Takeichi HONDA
16.44%
3
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
2.16%
4
Keisuke TANABE
1.89%
5
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
1.14%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
0.94%
7
Takufumi NAGI
0.85%
8
BBH CO FOR ARCUS JAPAN VALUE FUND (Standing Proxy: MUFG Bank, Ltd.)
0.75%
9
Tomoyoshi KOYAMA
0.42%
10
Masashi MATSUDA
0.38%
Management
10 officers
Takeichi HONDA
Representative Director
Apr 1998 Joined KADOKAWA Shoten Co., Ltd. (now KADOKAWA Corporation) Apr 2003 Established T.O. Entertainment Co., Ltd.; assumed office as Representative Director Sep 2004 Part-time Lecturer, Department of Business Administration, Tsuruga Junior College May 2014 Established the Company; assumed office as Representative Director Aug 2014 Resigned as Representative Director of the Company Jun 2016 Reappointed as Representative Director of the Company (current) Jul 2016 Assumed office as Representative Director, H.F. Co., Ltd. (now MTS Co., Ltd.) Jul 2018 Resigned as Representative Director of MTS Co., Ltd. Dec 2021 Reappointed as Representative Director of MTS Co., Ltd. (current)
1974-12-04
Yui SHIBATA
Senior Managing Director
Apr 1999 Joined KADOKAWA Shoten Co., Ltd. (now KADOKAWA Corporation) Apr 2003 Established T.O. Entertainment Co., Ltd.; assumed office as Director Apr 2010 Assumed office as Managing Director, T.O. Entertainment Co., Ltd. Apr 2012 Assumed office as Senior Managing Director, T.O. Entertainment Co., Ltd. Dec 2013 Established H.F. Co., Ltd. (now MTS Co., Ltd.); assumed office as Director May 2014 Established the Company; assumed office as Director Aug 2014 Resigned as Director of the Company Jul 2016 Resigned as Director of H.F. Co., Ltd. (now MTS Co., Ltd.) Jun 2017 Assumed office as Senior Managing Director of the Company (current) Jul 2018 Assumed office as Representative Director, MTS Co., Ltd. Mar 2022 Established SS Co., Ltd.; assumed office as Director (current)
1975-08-01
Tomoyoshi KOYAMA
Director, Head of IP Solutions Division
Apr 1998 Joined Production I.G, Inc. Oct 2002 Joined Walnut Co., Ltd. Aug 2005 Assumed office as Director, T.O. Entertainment Co., Ltd. May 2014 Established the Company; assumed office as Director Aug 2014 Resigned as Director of the Company Apr 2017 Assumed office as General Manager, Administration Department of the Company Jul 2022 Assumed office as Director, Head of Planning and Production Division (now Head of IP Solutions Division) (current)
1972-02-14
Hiroki TORIUMI
Director, Head of Corporate Division
Apr 2011 Joined Azusa Audit Corporation (now Azusa Audit LLC) Mar 2022 Joined the Company; assumed office as General Manager in charge of Finance and Accounting Group, Administration Department Jul 2022 Assumed office as Director, Head of Administration Division (now Head of Corporate Division) (current)
1989-01-09
Yasushi SAKATA
Director
Dec 2005 Joined Azusa Audit Corporation (now Ernst & Young ShinNihon LLC)... Azusa Audit LLC Jan 2011 Established Sakata Certified Public Accountant Office; assumed office as Office Head (current) Jun 2013 Assumed office as Outside Audit & Supervisory Board Member, Seven Seas Holdings Co., Ltd. (now ADR120S Co., Ltd.) Jun 2014 Assumed office as Outside Director, GFA Co., Ltd. Nov 2015 Established Bulls Consulting Co., Ltd.; assumed office as Representative Director (current) Apr 2017 Established Bulls & Partners Tax Accountants Corporation; assumed office as CEO, Representing Partner (current) Oct 2017 Established Toki Audit Corporation; assumed office as Representative Partner and Chairman (current) Jun 2018 Assumed office as Outside Director (Audit and Supervisory Committee Member), Seven Seas Holdings Co., Ltd. (now ADR120S Co., Ltd.) Aug 2019 Assumed office as Outside Director, LRM Co., Ltd. (current) Aug 2021 Assumed office as Outside Audit & Supervisory Board Member, RY Corporation (current) Oct 2021 Assumed office as Outside Director of the Company (current)
1976-04-12
Haruhiko SUZUKI
Director
Apr 1978 Joined Shueisha Inc. Aug 2012 Assumed office as Director, Shueisha Inc. Aug 2016 Assumed office as Managing Director, Shueisha Inc. Nov 2019 Assumed office as Representative Director, Shueisha Creative Inc. Mar 2022 Assumed office as Visiting Professor, Kyoto University of the Arts (current) Apr 2022 Established MISAKI Co., Ltd.; assumed office as Representative Director (current) Jun 2023 Assumed office as Outside Director of the Company (current) May 2024 Assumed office as Outside Director, MMS Marketing Co., Ltd. (current)
1955-10-06
Isamu TANAKA
Director
Mar 1982 Joined King Records Co., Ltd. Feb 2009 Assumed office as Executive Officer, King Records Co., Ltd. May 2016 Assumed office as Representative Director and President, King Sekiguchi Dai Studio Co., Ltd. Jun 2019 Assumed office as Audit & Supervisory Board Member, King Records Co., Ltd. Jun 2023 Assumed office as Advisor, King Records Co., Ltd. Aug 2023 Assumed office as Outside Director of the Company (current)
1957-11-06
Ryuichi HASEGAWA
Full-time Audit & Supervisory Board Member
Apr 1975 Joined Fuji Asano Kaiun Co., Ltd. Oct 1977 Joined Nihon Kinyu Tsushin Co., Ltd. Dec 1980 Joined Toto Jidosha Co., Ltd. Jan 1987 Joined Jitsuyo Kotsu Co., Ltd. (now Jitsuyo Kogyo Co., Ltd.) Jul 1987 Joined Equitable Life Insurance Company of Japan (now AXA Life Insurance Co., Ltd.) Feb 1988 Joined Musashino Foods Co., Ltd. Jun 1990 Joined Enix Corporation (now Square Enix Holdings Co., Ltd.) Jul 2000 Joined E-Trex Co., Ltd. Nov 2001 Established Mag Garden Co., Ltd.; assumed office as Director in charge of Administration Jun 2004 Assumed office as Audit & Supervisory Board Member, Mag Garden Co., Ltd. Jul 2004 Joined Production I.G, Inc. (now IG Port, Inc.) Aug 2006 Assumed office as Director in charge of Administration, Production I.G, Inc. Nov 2007 Established Production I.G, Inc.; assumed office as Director in charge of Administration Aug 2010 Assumed office as Audit & Supervisory Board Member, IG Port, Inc. Aug 2010 Assumed office as Audit & Supervisory Board Member, Production I.G, Inc. Oct 2011 Assumed office as Director, FILM Co., Ltd. Aug 2016 Assumed office as Audit & Supervisory Board Member, Zebeck Co., Ltd. Nov 2017 Assumed office as Representative Director, Lingua Franca Co., Ltd. Jul 2022 Assumed office as Outside Audit & Supervisory Board Member of the Company (current)
1951-05-20
Haruki YUKI
Audit & Supervisory Board Member
Dec 2016 Assumed office as Representative Director, NPO Mielka (current) Jan 2018 Joined ZeLo Law Office, Foreign Law Joint Enterprise (current) Oct 2019 Joined SmartNews, Inc. (current) Apr 2020 Assumed office as Outside Audit & Supervisory Board Member, Hey Inc. (now STORES Inc.) Apr 2021 Assumed office as Visiting Fellow, Global Research Institute, Keio University (current) Mar 2022 Assumed office as Outside Director (Audit and Supervisory Committee Member), Hey Inc. (now STORES Inc.) (current) Jul 2022 Assumed office as Outside Audit & Supervisory Board Member of the Company (current)
1991-01-07
Mami SUZUKI
Audit & Supervisory Board Member
Dec 2005 Joined ShinNihon Audit Corporation (now EY ShinNihon LLC) Feb 2008 Joined Sitefright Inc. Aug 2009 Joined Seiwa Audit Corporation (now RSM Seiwa LLC) Feb 2014 Joined KPMG FAS Co., Ltd. Mar 2021 Assumed office as Outside Audit & Supervisory Board Member, BuySell Technologies Co., Ltd. Mar 2022 Assumed office as Outside Director (Audit and Supervisory Committee Member), BuySell Technologies Co., Ltd. (current) Jul 2023 Assumed office as Outside Audit & Supervisory Board Member of the Company (current) Feb 2024 Assumed office as Outside Audit & Supervisory Board Member, Acompany Co., Ltd. (current)
1982-08-31
Large Shareholding Reports
MTS Co., Ltd.
2026-02-26
57.36%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-04-30): 56.87%
Tamotsu SHIBATA
2026-02-26
6.69%
Correction filing (name/detail fix only) — ratio carried over from the original filing
MTS Co., Ltd.
2026-02-24
57.36%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-04-30): 56.87%
Tamotsu SHIBATA
2026-02-24
6.69%
Correction filing (name/detail fix only) — ratio carried over from the original filing
MTS Co., Ltd.
2026-02-20
57.36%
Annual report (as of 2026-04-30): 56.87%
Tamotsu SHIBATA
2026-02-20
6.69%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-14
Q1 Earnings Flash
FY ending Apr 2027
EDINET
2026-07-27
Annual Securities Report
Period: May 2025 – Apr 2026
TDnet
2026-03-16
Q3 Earnings Flash
FY ending Apr 2026
EDINETAmended
2026-02-26
Change Report
EDINETAmended
2026-02-26
Change Report
EDINETAmended
2026-02-25
Change Report
EDINETAmended
2026-02-25
Change Report
EDINET
2026-02-20
Large Shareholding Report
EDINET
2026-02-20
Large Shareholding Report
EDINETAmended
2026-02-04
Amended Securities Registration Statement
EDINETAmended
2026-01-27
Amended Securities Registration Statement
EDINET
2026-01-09
Securities Registration Statement
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