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Tomy

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Not to be confused with Thomy.
Tomy Company, Ltd.[1]
Takara Tomy (mostly in Japan and Asia)
Tomy (mostly in Western countries)
Native name
株式会社タカラトミー
Kabushikigaisha takara tomī
Company typePublic
TYO: 7867
IndustryToys, video games, children's products and apparel
Predecessor
FoundedMarch 1, 2006; 18 years ago (2006-03-01) (original Tomy, 1924; former Takara, 1955)
Headquarters7-9-10, Tateishi, Katsushika, Tokyo, Japan
Area served
Worldwide
Key people
ProductsDetails
RevenueDecrease ¥154,804 million (FY 2013–2014)[2]
Increase ¥3,335 million (FY 2013–2014)[2]
Decrease ¥8,929 million (FY 2013–2014)[2]
Total assetsIncrease ¥156,467 million (FY 2013–2014)[2]
Total equityIncrease ¥50,907 million (FY 2013–2014)[2]
OwnerTomiyama family through Tsukasa Fudōsan KK (7.94%)
Number of employees
509 (as of March 31, 2019)[3]
DivisionsTomy International, Inc.
Tomy (Hong Kong) Ltd.
T-ARTS KOREA Company, Ltd.
Tomy (Thailand) Ltd.
Tomy (Shenzhen) Ltd.
Tomy Southeast Asia (Philippines) Ltd.
Tomy Asia (Taiwan) Ltd.
SubsidiariesT-ARTS Company, Ltd.
Penny Company, Ltd.
Tomy Tec Co., Ltd.
Tinkerbell Inc.
Wako Company, Ltd.
Tomy Marketing Company, Ltd.
Kiddy Land Co., Ltd.
T-ENTAMEDIA Company, Ltd.
Tomy Ibis., Ltd.
Websitetakaratomy.co.jp

Takara Tomy Company, Ltd.[1] (Template:Lang-ja, also known as Tomy Company, Ltd. in most of Western countries), is a Japanese toy company. It was established in 1924 by Eiichirō Tomiyama as Tomiyama Toy Manufacturing Company (富山玩具製作所), became known for creating popular toys like the B-29 friction toy and luck-based game Pop-up Pirate. In 2006, Tomy merged with another toy manufacturer, Takara, and although the English company name remained the same, it became Takara Tomy in Asia. It has its headquarters in Katsushika, Tokyo.

History and corporate name

Before the merger

The company was named Tomy as an abridgement of Tomiyama, which was the founder's surname. Starting as a manufacturer, Tomy had the largest product development team in the toy industry and plaudits for its technology. Nonetheless, by its third generation, president Mikitaro Tomiyama decided to streamline the company to be more competitive with wholesaler Bandai. Bandai developed its products more quickly, which was more appealing to television properties that required a fast turnaround. Despite internal and external opposition, Tomiyama was determined to aggressively pursue TV licenses such as Akakage, Giant Robo and Osomatsu-kun.

Tomiyama was shocked when his son told him that Tomy's toys were bad and that he wanted to work for Bandai when he grew up. In response, he created the moderately successful Zettai Muteki Raijin-Oh, then Genki Bakuhatsu Ganbaruger, but the product development team followed these with Nekketsu Saikyō Go-Saurer, which was a catastrophic failure. It became common wisdom within the industry that Tomy couldn't support a multimedia franchise.[citation needed] However, Tomy established a relationship with Shogakukan and created the successful Wedding Peach and Let's & Go.

Tomy learned about the growing popularity of Pokémon through monthly CoroCoro Comic and obtained the commercial rights. Bandai at the time was busy with its big hit, Tamagotchi, and was not interested in Pokémon. Tomy acquired the rights to commercialize a wide range of merchandise, mainly toys, and released the "Monster Collection" of figures next year. The anime became a huge hit, and sales of related products doubled. Tomy, who had been the third largest company in the toy industry since the 1980s, rose to second place in 1997.[citation needed]

In 2001, competitor Takara's hit franchise, Beyblade, and Pokémon's slump saw Takara regaining second place and Tomy falling again to third. However, Beyblade subsequently faltered, which adversely affected Takara's fortunes; Tomy merged with the suffering company and became Takara–Tomy.[citation needed]

After the merger

The former "Tomy" brandname, used outside of Asia

The company decided to use the name "Tomy" in international subsidiaries, and "Takara-Tomy" in Japan, because Tomy had built considerable international brand recognition while Takara's products (Microman, Transformers, Battle Beasts, Beyblade, B-Daman etc.) had been sold and branded by other toy companies such as Hasbro. Additionally, the financial cost of rebranding was prohibitive.[4]

In Western media, the Takara–Tomy merger was typically characterised as a 'takeover' of Takara by Tomy, likely because several years of losses had put Takara in a financially weakened state at the time of the merger (although Takara did have significantly higher sales than Tomy). However, the companies' management teams had previously discussed merging, including at times when Takara appeared stronger. Under Japanese corporate law, the move was a merger of both companies on an equal basis.

Post-merger media speculation about the control of brands from the Takara–Tomy merger arose from the new use of a "TOMY" copyright on all packaging, including former Takara brands shipped by Hasbro, but this was merely a consequence of the decision to use only the Tomy name in international subsidiaries. In Japan, Takara-Tomy continues to use both Tomy and Takara as distinct brand names on toy ranges which originated in each separate company, and most new toy ranges or stand-alone products now carry the new Takara–Tomy brand.

Takara purchased a majority stake in Tatsunoko Production in June 2005. The studio then became a full subsidiary of Takara–Tomy following the March 2006 merger[citation needed] until Yomiuri Shimbun Holdings bought majority of Tatsunoko's stake and is now majorly owned by it affiliate company Nippon TV. Tomy UK was founded in 1982 for the sale and distribution of Tomy products in Europe, and it has successfully brought toys such as Zoids, and games like Pop-up Pirate, to the West. Tomy UK's slogan has traditionally been "Trust Tomy". In 2006, Tomy UK launched a website on which consumers can buy online from Tomy's catalogue.[5] In early 2011, Takara-Tomy acquired RC2 Corporation and the RC2 sub-brand Learning Curve, which included The First Years, Lamaze, and Compass.[citation needed]

Products

The Tomy Pocket Game Shooting Gallery was manufactured in 1978.[6]
The Tomy Tutor, a 16-bit home computer released by Tomy beginning in 1982

Takara-Tomy has manufactured a broad range of products based on its own properties which include, from the Tomy side: Tomica, Plarail, Zoids, Idaten Jump, Nohohon Zoku and Tomy branded baby care products, and, from the Takara side: Space Pets, Choro-Q (also known as Penny Racers), Transformers, B-Daman, Koeda-chan (also known as Treena) and Microman. The merged Takara-Tomy also produces and/or sells a wide variety of toy and game brands under license, such as Thomas & Friends, Disney, Astro Boy, Pokémon, Beyblade, Duel Masters, Naruto, The Game of Life (also known as Jinsei Game), Rockman (a.k.a. Mega Man), Wedding Peach, Mermaid Melody Pichi Pichi Pitch, My Hero Academia, Cardcaptor Sakura, Cardcaptor Sakura: Clear Card, Slayers, Revolutionary Girl Utena, Kirarin Revolution, Sugarbunnies and Animal Crossing. Tomy's rights to these licenses vary by region. One of the first examples of product synergy for the merged company was the combining of Takara's Jinsei Game (Game of Life) license and Tomy's Pokémon license to produce a Pokémon Jinsei Game.

Tomy sells many products worldwide, including baby and pre-school toys, baby monitors, mechanical and electronic games, consumer electronics, children's arts and crafts products, and a vast range of toys suited to girls or boys. They make a large selection of Disney, Pokémon and Thomas the Tank Engine merchandise. They also publish video games in Japan (mostly based on Zoids and Naruto anime series), and are responsible for the distribution of some Hasbro products in Japan, such as Play-Doh, Jenga and Monopoly. The company was formerly responsible for distribution of the My Little Pony products in Japan before Bushiroad acquired the distribution rights to them starting with the franchise's Friendship Is Magic line (though the animated television series was owned by Hasbro). Later in 2015, after Bushiroad disowned the distribution rights, Sega Toys reacquired the rights to all generations of the franchise before selling the rights back to Hasbro.[citation needed]

A list of notable products include:

The Tomy Blip was a mechanical Pong handheld released in the 1970s.
A handheld variant of Pac-Man from 1981. It was sold as Puck Man in Japan, the Japanese name of the game, on other markets as Pac-Man, Pac Man or Munchman (UK).
Tomica toys

References

  1. ^ a b "Company profile".
  2. ^ a b c d e "Consolidated financial statement for end of the fiscal year ending March 31, 2014" (PDF). Tomy Co., Ltd. 12 December 2014.
  3. ^ "Corporate Profile｜Corporate Information｜TOMY Company, Ltd". Takaratomy.co.jp. Retrieved 22 August 2015.
  4. ^ "Corporate History｜Corporate Information｜TOMY Company, Ltd". www.takaratomy.co.jp. Retrieved 14 March 2016.
  5. ^ "Tomy Uk". Tomy.co.uk. Retrieved 22 August 2015.
  6. ^ Masters, James. "TOMY Pocket Games - The USA List". Masters.me.uk. Retrieved 22 August 2015.
  7. ^ "I-Sobot". Isobotrobot.com. Retrieved 22 August 2015.
  8. ^ Coopee, Todd (16 May 2016). "Water Games from TOMY (1976)". ToyTales.ca.
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