PIF's stake in the Tokyo-based film and animation firm has risen from 5% to 6.03%.
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in Tokyo-based film and animation company Toei Co Ltd, according to a report by Reuters.
PIF’s stake in the firm has risen from 5% to 6.03%, according to the ownership report filed with Japanese regulators.
The move comes shortly after Toei Animation published a ten-year plan for international expansion.
Last month, the firm increased its stake in Japanese games and console maker Nintendo to 8.26% and was a buyer of a $966m bond issue from Korean entertainment-tech firm Kakao Corp.
