The story
On May 30, 1990, the second production department at VAP, an entertainment company under Nippon Television, was spun-off and established as Toy's Factory Records. In 1995, the name was changed to its current name. VAP remained the label's distributor until April 1, 2021, when it switched to Sony Music Solutions.
From Wikipedia’s article on Toy's Factory, shared under CC BY-SA 4.0.4
