TOKYO : Saudi Arabia's Public Investment Fund has increased its stake in Toei Co Ltd to 6 per cent, a filing showed on Friday, reflecting the sovereign wealth fund's growing exposure to the Japanese media industry.
PIF's stake in the Tokyo-based film and animation firm has risen from 5 per cent to 6.03 per cent, according to the ownership report filed with Japanese regulators. PIF last month revealed raising its stake in the e-sports giant Nintendo to 8.26 per cent. The leading sovereign fund has also invested in Japanese gaming companies Nexon, Capcom and Koei Tecmo.
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