Tomy Co., Ltd. is the legal English name for the Japanese toy, children’s merchandise and entertainment company created on March 1, 2006 by the merger of "former" Tomy with long-time Japan rival, Takara Co., Ltd. However, the new company made the unusual decision to adopt two different legal corporate names so while in English the name is simply Tomy, in Japanese the legal company name is the combined name, K.K. Takara-Tomy (株式会社タカラトミー ) .
It should be noted that editorial policy of many Western (English language) business publications is to ignore "merger" declarations and declare one company to be bought by another, often by splitting hairs over the number of board members, etc. Therefore, in much of the English media the Takara-Tomy merger was characterized as a "take-over" of Takara by Tomy. This assumption was made easier by the adoption of only the Tomy name in English. It is true that several years of losses had put Takara in a financially weakened state at the time of the merger. On the other hand, Takara did in fact have significantly higher sales than Tomy for three years preceding the merger. Yet it is common knowledge that over the years the management of Takara and Tomy, which were located less than a kilometer apart in Tokyo and had respectfully competed with each other as they grew side-by-side into world-class toy companies, had discussed merging several times, including times when Takara appeared stronger. Thus, ultimately, philosophically, culturally and legally under Japanese corporate law, the companies agreed to merge on an equal basis.
There has been much post-merger speculation on the control of brands such as Transformers now being with Tomy vs. Takara. Much of this arises due to the new use of the English "TOMY" copyright on all packaging, including former Takara brands shipped by Hasbro. This is simply the natural result of the practical decision to use only the Tomy name in English. In fact, internally, where 99% of the employees are Japanese and speak mainly Japanese, there is only one company, known in Japanese as "Takara-Tomy," and almost all internal departments have a healthy mix of management from both former companies. The fact that the English name is Tomy bears little relevance for most employees.
In Japan, Takara-Tomy continues to use the former Tomy and Takara names as distinct brand names on toy lines which originated in each company, but most new toy lines or stand-alone products carry the new Takara-Tomy brand. Staple toy lines from each company are continuing, in many cases gaining synergy from the co-marketing of each other's properties. This merger gave the combined company near parity in domestic (Japan) toy market share to domestic rival Bandai.
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 UK was founded in 1982 for sale and distribution of Tomy products in Europe, and have brought toys such as Zoids and a variety of games like Pop-up Pirate to the West with great success. Tomy UK's slogan has traditionally been "Trust Tomy".
Tomy sell 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 also make a large selection of Disney, Pokémon and Thomas the Tank Engine merchandise, publish videogames in Japan (mostly based on Zoids and Naruto anime series), and are responsible for the distribution of some Hasbro products in Japan like Play-Doh, Jenga and Monopoly.