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Tokuma Shoten was established by Yasuyoshi Tokuma in March 1954 as East-West Entertainment Publishing in Shimbashi, Tokyo. The company initially took over the publishing rights to Weekly Asahi Performing Arts, which had been published since 1951. Its name was changed to Asahi Performing Arts Publishing in 1958. In 1961, the company's book publishing division was separated and established as Tokuma Shoten, and in October 1967, the two companies merged under the Tokuma Shoten name. The same year, the company began publishing the monthly magazine Mondai Shōsetsu.

Tokuma Shoten expanded its publishing activities during the 1970s and 1980s. Animage was launched in 1978, followed by the Tokuma Bunko paperback imprint in 1980. The company also expanded into film production and distribution, beginning with its involvement in Nausicaä of the Valley of the Wind (1984). Tokuma Shoten became closely associated with Studio Ghibli and helped finance and distribute several of the studio's films.

In 1985, Tokuma Shoten began publishing Family Computer Magazine, the first Japanese magazine dedicated specifically to console video games. The magazine initially covered Nintendo's Family Computer and became one of the country's most widely circulated video game publications. Tokuma Shoten also published Super Mario Bros: The Complete Strategy Guide that same year, which became one of the best-selling books in Japan. The company's involvement in video game publishing and related media continued through publications covering systems and games from other manufacturers.

Tokuma Shoten expanded its involvement in animation during the 1980s, producing and distributing works including Legend of the Galactic Heroes and the original video animation Digital Devil Story: Megami Tensei (1987). The latter was based on the Digital Devil Story novel series by Aya Nishitani and became one of the company's early projects connected to the Megami Tensei franchise.

In 1996, Tokuma Shoten entered into a partnership with Disney under which Buena Vista Pictures became the international distributor of Studio Ghibli's animated films. The following year, Tokuma Shoten consolidated its media operations by bringing Studio Ghibli, Tokuma Shoten Intermedia Software, and Tokuma International under a single organization. Studio Ghibli remained a subsidiary of Tokuma Shoten until April 2005, when it was separated from the company and re-established as an independent company.

Following the bursting of Japan's asset price bubble, Tokuma Shoten accumulated substantial debt. After Yasuyoshi Tokuma's death in September 2000, the company underwent restructuring. Tokuma Japan Communications was sold to Daiichi Kosho in October 2001, while Daiei Film was acquired by Kadokawa Corporation in November 2002. Studio Ghibli was subsequently spun off in 2005, leaving Tokuma Shoten primarily focused on publishing and the management and adaptation of its intellectual properties.

Tokuma Shoten continued publishing magazines, books, manga, and other media throughout the 2000s and 2010s. In March 2017, Culture Convenience Club acquired Tokuma Shoten through a share exchange, making the company a subsidiary of Culture Convenience Club.

Moon Phases in Digital Devil Story: Megami Tensei (Mobile)

Phase			File:MT1 MP Moon 2-8 Waxing Sprite.png	File:MT1 MP Moon 3-8 Waxing Sprite.png	File:MT1 MP Moon 4-8 Waxing Sprite.png	File:MT1 MP Moon 5-8 Waxing Sprite.png	File:MT1 MP Moon 6-8 Waxing Sprite.png	File:MT1 MP Moon 7-8 Waxing Sprite.png	File:MT1 MP Moon Full Moon Sprite.png
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