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TBS HOLDINGS INC.
(9401)
TBS HOLDINGS INC. (9401) vs. iShares MSCI Japan ETF (EWJ)
TBS HOLDINGS INC. Business Overview & Revenue Model
TBS HOLDINGS INC. Financial Statement Overview
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 408.73B | 406.70B | 394.31B | 368.13B | 358.27B | 325.68B |
| Gross Profit | 130.99B | 128.74B | 120.42B | 116.42B | 114.82B | 95.42B |
| EBITDA | 37.11B | 87.60B | 74.69B | 69.27B | 63.46B | 60.81B |
| Net Income | 47.24B | 43.91B | 38.13B | 35.18B | 32.01B | 28.07B |
Balance Sheet | ||||||
| Total Assets | 1.42T | 1.30T | 1.57T | 1.07T | 1.20T | 1.10T |
| Cash, Cash Equivalents and Short-Term Investments | 51.82B | 74.63B | 43.74B | 97.65B | 98.78B | 116.12B |
| Total Debt | 14.31B | 14.15B | 3.88B | 20.21B | 26.19B | 28.04B |
| Total Liabilities | 369.95B | 346.89B | 417.56B | 271.68B | 318.63B | 305.34B |
| Stockholders Equity | 1.04T | 935.71B | 1.14T | 780.67B | 868.45B | 781.37B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -282.00M | 15.22B | 2.39B | -32.00B | -19.12B |
| Operating Cash Flow | 0.00 | 23.28B | 26.54B | 30.63B | -2.85B | 22.71B |
| Investing Cash Flow | 0.00 | 13.64B | -29.56B | -7.35B | -8.15B | -8.62B |
| Financing Cash Flow | 0.00 | -6.11B | -51.01B | -24.49B | -8.16B | 16.90B |
TBS HOLDINGS INC. Technical Analysis
TBS HOLDINGS INC. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥955.96B | 16.72 | 5.45% | 1.30% | 4.55% | -7.49% | |
69 Neutral | ¥858.44B | 13.50 | 5.67% | 1.03% | 7.90% | 54.01% | |
69 Neutral | ¥121.97B | 12.34 | ― | 1.71% | 7.01% | 72.94% | |
68 Neutral | ¥813.52B | 36.43 | 7.53% | 1.67% | 0.97% | 12.23% | |
64 Neutral | ¥342.65B | 10.03 | 7.18% | 1.79% | 6.63% | 80.44% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
45 Neutral | ¥796.43B | -37.67 | -1.72% | 1.40% | -6.29% | -141.32% |
TBS HOLDINGS INC. Corporate Events
TBS HOLDINGS has approved a simplified absorption-type company split under which it will take over ownership of the TBS Broadcast Center in Akasaka, Tokyo, from its wholly owned subsidiary, TOKYO BROADCASTING SYSTEM TELEVISION, effective April 1, 2026. The move, executed without share or cash consideration and with no change in capital, is positioned as part of the group’s Mid-term Business Plan 2026 to enhance capital efficiency and manage assets on a portfolio basis, consolidating key real estate under the holding company and streamlining balance-sheet control across the group.
The most recent analyst rating on (JP:9401) stock is a Buy with a Yen6472.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.
TBS HOLDINGS reported solid growth for the nine months ended 31 December 2025, with net sales up 5.4% year-on-year to ¥319.3 billion and operating profit rising 11.3% to ¥24.6 billion. Ordinary profit climbed 12.8% to ¥38.5 billion, while profit attributable to owners of the parent surged 27.4% to ¥55.7 billion, lifting earnings per share to ¥352.94 and driving a sharp recovery in comprehensive income. The company’s financial position strengthened, with total assets expanding to ¥1.55 trillion and equity reaching ¥1.12 trillion, keeping its equity ratio above 70%. TBS confirmed a higher dividend trajectory, paying ¥35 per share at the second quarter and maintaining a full-year forecast of ¥73 per share, and it continued to ramp up treasury share holdings, which also supported EPS growth. The group added three companies to its consolidation scope, indicating ongoing portfolio expansion, and left its full-year forecast unchanged, targeting a 6.0% rise in net sales to ¥431.0 billion and a 19.5% increase in full-year profit attributable to owners to ¥52.5 billion, underscoring management’s confidence in sustained earnings momentum.
The most recent analyst rating on (JP:9401) stock is a Buy with a Yen6472.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.
TBS HOLDINGS has entered into a capital and business alliance with U.S. film production and media company Legend Pictures, LLC (Legendary), investing US$150 million through its wholly owned subsidiary THE SEVEN US, INC. The partnership will focus on co-developing video content based on Japanese intellectual property such as manga, animation and games for worldwide distribution, leveraging TBS’s track record with globally recognised dramas like “Alice in Borderland” and “Yu Yu Hakusho” and Legendary’s success with major franchises including “Dune,” “Godzilla” and “A Minecraft Movie.” The move is a key pillar of TBS’s Medium-Term Business Plan 2026, aimed at establishing a strategic production base in North America and deepening collaboration with U.S. entertainment companies, positioning the group to enhance the global value of its IP while the immediate financial impact on earnings for the year ending March 2026 is expected to be limited.
The most recent analyst rating on (JP:9401) stock is a Buy with a Yen6472.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.
TBS HOLDINGS, INC. announced that Managing Director Shigetoshi Ida resigned effective December 25, 2025, after an internal investigation found he had fraudulently claimed reimbursements for entertainment expenses and he agreed to refund the amounts retroactively. The company characterized the misconduct as a serious breach of trust with stakeholders, issued an apology, and pledged to prevent any recurrence by further strengthening its corporate governance framework, signaling an effort to contain reputational damage and restore confidence in its management controls.
The most recent analyst rating on (JP:9401) stock is a Buy with a Yen6472.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.
TBS HOLDINGS, INC. announced changes to its shareholder benefit program as part of its long-term management vision, ‘TBS Group VISION2030,’ and its medium-term business plan, ‘TBS Group Medium-Term Business Plan 2026.’ These changes aim to deepen shareholder understanding and engagement by providing more opportunities to experience the company’s content. The updated program includes modifications to the benefits offered, such as the removal of certain events and the introduction of new fan event measures, effective from March 2026.
The most recent analyst rating on (JP:9401) stock is a Buy with a Yen6611.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.
TBS HOLDINGS, INC. announced an additional capital contribution to its wholly-owned subsidiary, THE SEVEN US, INC., in the United States. This move aims to enhance the subsidiary’s overseas content development and business operations, classifying it as a ‘Specified Subsidiary’ due to its increased capital. The impact on TBS HOLDINGS’ consolidated operating results is expected to be minimal.
The most recent analyst rating on (JP:9401) stock is a Buy with a Yen6611.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.
TBS HOLDINGS, INC. has revised its year-end dividend forecast for the fiscal year ending March 31, 2026, increasing it from ¥35 to ¥38 per share, resulting in an annual dividend of ¥73 per share. This decision reflects the company’s strong financial performance, driven by increased broadcasting revenue and robust spot advertising revenue, aligning with its policy to provide stable and continuous dividends.
The most recent analyst rating on (JP:9401) stock is a Hold with a Yen5728.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.
TBS HOLDINGS, INC. reported a significant increase in its financial performance for the six months ending September 30, 2025, with net sales rising by 6.5% and profit attributable to owners of the parent increasing by 35.2% compared to the previous year. The company also announced revisions to its earnings forecasts and dividend payments, reflecting a positive outlook for the fiscal year ending March 31, 2026, and the consolidation of two new companies, indicating strategic growth and expansion.
The most recent analyst rating on (JP:9401) stock is a Hold with a Yen5728.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.