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Tose Co., Ltd.
(4728)
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Rating:69Neutral
Price Target:
¥711.00
▲(11.09% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily supported by a very conservative, debt-free balance sheet and reasonable valuation with a solid dividend yield. Offsetting these positives are uneven profitability and notably volatile cash flow, while technicals indicate only a mild uptrend rather than strong momentum.
Positive Factors
Conservative balance sheet
Zero reported debt and a steady equity base provide durable financial flexibility. Low leverage reduces refinancing and covenant risk, supports investment in projects or smoothing pay cycles, and preserves capacity to fund operations or opportunistic investments through downturns without relying on external credit.
Negative Factors
Earnings volatility
Material swings between loss and profit reflect project timing, contract mix, and demand variability. Such cyclicality reduces predictability of margins and EPS, complicates resource planning, and makes consistent payout policies and reinvestment decisions harder over a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt and a steady equity base provide durable financial flexibility. Low leverage reduces refinancing and covenant risk, supports investment in projects or smoothing pay cycles, and preserves capacity to fund operations or opportunistic investments through downturns without relying on external credit.
Read all positive factors
Tose Co., Ltd. (4728) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.95B
Dividend Yield3.83%
Average Volume (3M)9.35K
Price to Earnings (P/E)15.2
Beta (1Y)0.22
Revenue Growth5.77%
EPS Growth41.35%
CountryJP
Employees613
SectorGeneral
Sector StrengthN/A
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)43.08
Shares Outstanding7,763,040
10 Day Avg. Volume7,850
30 Day Avg. Volume9,353
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)0.84
Price to Sales (P/S)0.78
P/FCF Ratio18.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tose Co., Ltd. Business Overview & Revenue Model
Company Description
Tose Co., Ltd., established in Kyoto, Japan in 1979, is a comprehensive software developer with a broad scope. The company specializes in conceiving, creating, and managing games for diverse platforms, including home video game consoles (encompass...
How the Company Makes Money
Tose makes money mainly by providing outsourced and co-development services for video games. Its core revenue stream comes from development contracts where publishers commission Tose to produce portions of a game (or, in some cases, lead developme...
Tose Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.60B | 6.64B | 4.62B | 5.78B | 5.66B | 5.96B |
| Gross Profit | 1.60B | 1.79B | 517.67M | 1.56B | 1.40B | 1.18B |
| EBITDA | 582.04M | 796.00M | -433.89M | 807.75M | 592.21M | 340.78M |
| Net Income | 326.53M | 250.00M | -260.92M | 499.10M | 310.04M | 148.19M |
Balance Sheet | ||||||
| Total Assets | 7.75B | 7.89B | 7.26B | 7.68B | 7.31B | 7.11B |
| Cash, Cash Equivalents and Short-Term Investments | 2.34B | 1.70B | 1.61B | 3.12B | 2.19B | 1.71B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.49B | 1.73B | 1.18B | 1.12B | 1.11B | 1.07B |
| Stockholders Equity | 6.21B | 6.12B | 6.04B | 6.53B | 6.18B | 6.03B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 280.00M | -1.33B | 1.07B | 601.48M | -139.81M |
| Operating Cash Flow | 0.00 | 332.00M | -1.29B | 1.18B | 684.22M | -95.31M |
| Investing Cash Flow | 0.00 | -51.90M | 196.41M | -70.73M | 200.67M | 154.88M |
| Financing Cash Flow | 0.00 | -188.00M | -189.96M | -189.77M | -188.71M | -189.74M |
Tose Co., Ltd. Technical Analysis
Positive
640.00
Price Trends
641.18
Positive
638.80
Positive
636.05
Positive
Market Momentum
2.06
Negative
58.13
Neutral
57.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4728, the sentiment is Positive. The current price of 640 is below the 20-day moving average (MA) of 643.75, below the 50-day MA of 641.18, and above the 200-day MA of 636.05, indicating a bullish trend. The MACD of 2.06 indicates Negative momentum. The RSI at 58.13 is Neutral, neither overbought nor oversold. The STOCH value of 57.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4728.
Tose Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥4.95B | 15.16 | ― | 3.95% | 5.77% | 41.35% | |
61 Neutral | ¥8.59B | 13.39 | ― | ― | -23.76% | -54.87% | |
59 Neutral | ¥6.65B | 14.24 | ― | 0.95% | 17.98% | 9.85% | |
58 Neutral | ¥12.78B | 5.43 | ― | ― | 16.24% | ― | |
58 Neutral | ¥5.38B | -21.05 | ― | 0.64% | -31.95% | -62.46% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥13.64B | 8.89 | ― | ― | 2.70% | -28.19% |
* General Sector Average
JP:4728
Tose Co., Ltd.
648.00
-12.86
-1.95%
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-127.00
-42.05%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.