Japan’s animation industry grew by 14.8% to hit record revenues of $25BN (JPY3.8TR) in 2024, with much of the increase coming from overseas markets, according to a report presented by the Association of Japanese Animations (AJA) at TIFFCOM .

The report, introduced by Megumi Onouchi, AJA committee member and CEO of Japan’s HumanMedia Inc, also showed that overseas revenue accounted for 56% of the total – or $14.25BN (JPY2.17TR) – while Japanese domestic revenues pulled in $10.97BN (JPT1.67TR) accounting for 44% of total income.

Without the overseas portion, the industry’s revenues would have been pretty much flat in 2024, compared to the previous year when domestic income came in at $10.67BN for a 49% share.

Indeed, the report, which looked back at 22 years of data, clearly showed why

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