Japan's Fu-more raises funding with TV Tokyo as subscriber
The creative studio also said it used borrowed funds to carry out an M&A deal involving an affiliated company, part of a push toward in-house goods production.
Japanese creative production and IP development company Fu-more announced on October 16, 2026 that it has raised funds through a third-party allotment of new shares with TV Tokyo as the subscriber, alongside debt financing from financial institutions, according to gamebusiness.jp.
The company also disclosed that it used the borrowed funds to carry out an M&A transaction involving an affiliated company. Fu-more said the acquisition is intended to build an end-to-end setup that includes merchandise manufacturing.
TV Tokyo said it formed the capital and business alliance with Fu-more based on its long-term vision, TV Tokyo VISION2035, and its CaaS (Contents As a Service) strategy.
Three focus areas
Fu-more said it will pursue three initiatives: strengthening its production setup for newly drawn illustrations, expanding business around existing anime IP, and rolling out merchandise for new IP in a timely manner.
As background, the company has previously built its business on a network of about 16,000 artists and handles more than 150 licensed illustrations a year.
Quick answers
Who invested in Fu-more?
TV Tokyo subscribed to a third-party allotment of new shares, and Fu-more also raised debt financing from financial institutions.
What will Fu-more use the money for?
The company said it used the borrowed funds for an M&A deal involving an affiliated company and is working toward an end-to-end setup that includes merchandise manufacturing.
Why did TV Tokyo form the alliance?
TV Tokyo said the capital and business tie-up is based on its TV Tokyo VISION2035 long-term vision and its CaaS strategy.