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TRE HOLDINGS CORPORATION
(9247)
TRE HOLDINGS CORPORATION (9247) vs. iShares MSCI Japan ETF (EWJ)
TRE HOLDINGS CORPORATION Business Overview & Revenue Model
TRE HOLDINGS CORPORATION Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 125.20B | 118.68B | 92.86B | 90.71B | 68.23B | 42.06B |
| Gross Profit | 41.45B | 35.51B | 19.28B | 18.33B | 15.95B | 9.60B |
| EBITDA | 33.33B | 28.45B | 12.84B | 14.57B | 13.53B | 8.79B |
| Net Income | 15.80B | 12.29B | 3.62B | 5.20B | 4.74B | 2.27B |
Balance Sheet | ||||||
| Total Assets | 168.01B | 162.05B | 142.16B | 132.29B | 129.52B | 87.81B |
| Cash, Cash Equivalents and Short-Term Investments | 31.37B | 30.38B | 21.13B | 24.14B | 24.48B | 10.75B |
| Total Debt | 66.41B | 60.69B | 52.60B | 48.12B | 47.32B | 43.87B |
| Total Liabilities | 88.85B | 86.62B | 73.08B | 65.15B | 65.35B | 53.30B |
| Stockholders Equity | 76.94B | 73.16B | 67.14B | 65.48B | 62.59B | 33.06B |
Cash Flow | ||||||
| Free Cash Flow | -2.73B | 7.88B | 239.00M | 3.48B | 6.59B | -1.54B |
| Operating Cash Flow | 190.50M | 19.84B | 12.19B | 9.18B | 11.02B | 7.40B |
| Investing Cash Flow | -2.93B | -12.08B | -16.82B | -6.69B | -2.15B | -13.59B |
| Financing Cash Flow | 3.00B | 1.51B | 1.61B | -2.83B | -3.70B | 5.44B |
TRE HOLDINGS CORPORATION Technical Analysis
TRE HOLDINGS CORPORATION Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥88.36B | 5.97 | ― | 2.77% | 24.61% | 185.90% | |
73 Outperform | ¥185.52B | 20.45 | 10.88% | 2.20% | 6.63% | -3.05% | |
73 Outperform | ¥28.23B | 15.38 | ― | 2.62% | -9.37% | 590.66% | |
73 Outperform | ¥25.36B | 16.61 | ― | 1.92% | 4.09% | 9.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ¥2.14B | 50.22 | ― | 1.93% | -1.19% | -89.91% |
TRE HOLDINGS CORPORATION Corporate Events
TRE HOLDINGS CORPORATION has been executing a share buyback program authorized by its board on February 13, 2026, allowing up to 650,000 common shares and up to ¥1.0 billion in repurchases through May 31, 2026. As part of this initiative, the company acquired 357,500 shares on the Tokyo Stock Exchange between February 16 and 28, 2026, for a total of approximately ¥643.7 million, representing a substantial use of the authorized capacity.
The progress of this treasury share acquisition indicates that TRE HOLDINGS is actively deploying capital to repurchase its stock, which can enhance shareholder value by reducing the number of shares outstanding and signaling confidence in the company’s prospects. With a significant portion of the approved buyback already completed early in the acquisition period, stakeholders can infer a deliberate and front-loaded approach to capital allocation and market engagement.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen2031.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.
TRE HOLDINGS CORPORATION has approved the introduction of a new shareholder benefit program aimed at making its shares more attractive, encouraging medium- to long-term shareholding, and thanking investors for their ongoing support. The benefit will consist of 10 kilograms of HYAKUMANGOKU brand rice from Ishikawa Prefecture, produced by partner KANAZAWA DAICHI, and will be available annually to shareholders who have held at least 1,000 shares for more than a year as of each September 30 record date.
The rice benefit, with first delivery planned for November 2026, also serves as a vehicle to highlight the company’s role in revitalizing the earthquake-affected Noto Peninsula and promoting regional agriculture, potentially strengthening its social impact credentials. In addition, the company will launch a special gift campaign offering shareholders the chance to win signed uniforms from sports teams sponsored by the TRE Group, further deepening engagement with its investor base and leveraging its sports marketing assets.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen1992.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.
TRE HOLDINGS CORPORATION has approved a new share buyback program as part of its ongoing medium-term plan to evolve into a “waste transformation” environmental company while maintaining a total shareholder return ratio of 35% to 40%. Management cites the current share price, business performance, and financial position as justification for using treasury share acquisitions to support agile capital policies and enhance profit distribution.
The company will repurchase up to 650,000 common shares, representing about 1.37% of its outstanding shares excluding treasury stock, for a maximum total of 1.0 billion yen between February 16 and May 31, 2026, via market purchases on the Tokyo Stock Exchange. This buyback is intended to improve capital efficiency and could signal confidence in the firm’s prospects, potentially benefiting existing shareholders through improved returns and a more optimized capital structure.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen1992.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.
TRE HOLDINGS CORPORATION, a Prime Market-listed Japanese environmental services and recycling group, operates through subsidiaries including Hokuriku Environmental Services and is exposed to industrial cycles, commodity prices, and infrastructure conditions. Its activities intersect with disaster recovery and reconstruction work, tying its performance to both environmental policy and regional rebuilding demand.
The company revised its full-year fiscal 2025–26 consolidated forecast, cutting projected net sales to ¥118 billion but lifting operating profit to ¥21 billion and profit attributable to owners to ¥13 billion, implying higher earnings per share. Management cited lower revenues due to torrential rain damage that blocked a key delivery route and persistently weak steel scrap prices, while stronger-than-expected profit stems from brisk recovery and reconstruction support projects linked to the 2024 Noto Peninsula Earthquake, underscoring how disaster-related work is bolstering margins even amid top-line pressure.
The divergence between softer sales and rising profits suggests improved efficiency and favorable project mix in the reconstruction business, which may offset commodity headwinds for shareholders in the near term. For stakeholders, the updated guidance signals resilience in the company’s earnings base and highlights the strategic importance of disaster recovery operations within its portfolio, even as climate-related disruptions continue to pose operational risks.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen1992.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.
TRE HOLDINGS CORPORATION released supplemental materials for its third-quarter results for the fiscal year ending March 31, 2026, outlining consolidated net sales, operating profit, and profit margins by segment, along with balance sheet trends and capital expenditure plans. The company also detailed market conditions for construction waste and resource recycling, and highlighted its positioning in these segments.
The materials emphasized strategic initiatives such as responses to the 2024 Noto Peninsula earthquake, promotion of public-private partnerships, progress in circular economy efforts, and developments in its renewable energy business. These actions signal a broader push to strengthen TRE HOLDINGS’ operational resilience, expand its role in environmental infrastructure, and reinforce its long-term growth prospects in waste management and resource recovery.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen1992.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.
TRE HOLDINGS CORPORATION reported consolidated net sales of ¥91.56 billion for the nine months ended December 31, 2025, up 5.2% year on year, with operating profit rising 21.6% to ¥18.91 billion and profit attributable to owners of parent climbing 16.7% to ¥12.14 billion. The stronger earnings lifted equity and the equity ratio, while the company maintained its interim dividend at ¥20 per share and projects a full-year dividend of ¥50, even as it now forecasts slightly lower full-year sales and operating profit but higher full-year net profit, alongside a new treasury share acquisition program whose impact is not yet reflected in earnings per share guidance.
At December 31, 2025, total assets stood at ¥171.14 billion and net assets at ¥83.94 billion, with the equity ratio improving to 47.6% from 45.1% at the prior fiscal year-end. For the year ending March 31, 2026, TRE expects net sales of ¥118 billion, operating profit of ¥21 billion and profit attributable to owners of parent of ¥13 billion, indicating modest top-line pressure but continued profit growth for shareholders, supported by ongoing dividends and an enhanced capital allocation strategy.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen1992.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.
TRE HOLDINGS CORPORATION announced it has corrected certain items in its semi-annual consolidated balance sheet for the six months ended September 30, 2025, originally released in November 2025. The company had failed to reclassify the portion of bonds payable maturing within one year from non-current liabilities to current liabilities, resulting in incorrect figures for “current portion of bonds payable” and “bonds payable” on the balance sheet. The restatement is limited to this classification error and does not affect the company’s semi-annual consolidated operating results, meaning profitability and cash flow metrics remain unchanged. While the correction is accounting in nature, it underscores the importance of accurate debt classification for investors and creditors who rely on current versus long-term liability distinctions to assess liquidity and financial risk.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen1879.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.
TRE HOLDINGS CORPORATION has completed a share buyback program authorized by its board on August 8, 2025, acquiring a total of 1,264,400 common shares for approximately ¥1.9999 billion via market purchases on the Tokyo Stock Exchange through January 20, 2026, close to the approved ceiling of 1.5 million shares and ¥2.0 billion. The latest tranche, executed between January 1 and January 20, 2026, comprised 190,300 shares for about ¥318 million, marking the effective completion of the program and signaling an active capital allocation policy that may enhance shareholder value and adjust the company’s capital structure by reducing the number of shares outstanding.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen1944.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.
TRE HOLDINGS CORPORATION has reported the latest status of its ongoing share buyback program authorized by its board in August 2025, under which it can repurchase up to 1.5 million shares for a maximum of 2.0 billion yen through March 31, 2026 via market purchases on the Tokyo Stock Exchange. During December 1–31, 2025, the company bought 244,800 of its common shares for 388.2 million yen, bringing cumulative repurchases under this authorization to 1,074,100 shares at a total cost of about 1.68 billion yen as of December 31, 2025, indicating that the program is largely executed and may support capital efficiency and shareholder value by reducing the free float of its stock.
The most recent analyst rating on (JP:9247) stock is a Buy with a Yen1677.00 price target. To see the full list of analyst forecasts on TRE HOLDINGS CORPORATION stock, see the JP:9247 Stock Forecast page.