Toho Co., Ltd. (東宝株式会社, Tōhō Kabushiki-gaisha)[b] is a Japanese entertainment company that primarily engages in producing and distributing films and exhibiting stage plays.

The company is the largest shareholder (7.96%) of Fuji Media Holdings Inc. Toho is one of the four members of the Motion Picture Producers Association of Japan (MPPAJ), is the largest of Japan's Big Four film studios, and is the only film studio that is a component of the Nikkei 225 index.

Toho was created by the founder of the Hankyu Railway, Ichizō Kobayashi, in 1932 as the Tokyo-Takarazuka Theatre Company (株式会社東京宝塚劇場, Kabushiki gaisha Tōkyō Takarazuka Gekijō).

[6] In 1948, the new Toho president Tetsuzo Watanabe ordered a return of the wartime quota of 24 films per year and the end of control over production by the union.

In April, Toho management announced the dismissal of 1200 employees,[7] with the aim of both cutting expenses and eliminating Communist leaders from the union.

[8] Negotiations failed and the union occupied the studio on April 15, joined by activists from the Japan Communist Party and other organizations, erecting barricades and closing the main gates.

Two thousand policemen surrounded the studio, reinforced by soldiers, three airplanes, and several armored cars and tanks sent by the U.S. Eighth Army.

CEOs Graham Taylor and Chris Rice stated that this investment would empower the company to continue the expansion of its premium slate and create opportunities for collaboration between Fifth Season, Toho and CJ ENM to produce global content as well as content produced in Japan.

[20] Following the success of Godzilla Minus One (2023) as their first self-distributed film in the U.S., Toho declared in March 2024 that Godzilla is their "Intellectual property (IP) treasure" and they had regained retailing rights overseas (which were once abandoned), and now are able to sell, advertise, and distribute their own products to consumers outside Japan directly.

[21] The company also said that the film winning Best Visual Effects at the 96th Academy Awards is helping them gain more recognition and advancing more business extension overseas.

It is considered one of Japan's "Big Three Actress Auditions", along with Oscar Promotion's National Bishōjo Contest and Horipro's Talent Scout Caravan.