[3] First established by Japanese special effects (tokusatsu) pioneer Eiji Tsuburaya in 1963, it was responsible for the creation of such classic shows as Ultraman (and its many sequels), Kaiju Booska and many other spectacular tokusatsu family/children's shows.

[1][6] In 1968, Toho Company Ltd. forced the company to change its name to the simpler "Tsuburaya Productions", not only because its executives thought Eiji was acting as though only he could have done special effects, but also because they felt that his own TV shows were becoming a strong competition to the movies he was doing for them.

Although Eiji had strong political power at Toho, he and the company were at odds with each other until his death in 1970.

Kazuo Tsuburaya, Eiji's grandson, stayed with the company on its board of directors.

[14] In 2010, pachinko maker Fields Corporation bought out TYO's 51% stake in Tsuburaya Productions, with Bandai retaining the remaining 49%.