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TBS HOLDINGS INC.
(OTC: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 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 401.78B | 406.70B | 394.31B | 368.13B | 358.27B | 325.68B |
| Gross Profit | 127.70B | 128.74B | 120.42B | 116.42B | 114.82B | 95.42B |
| EBITDA | 38.69B | 87.60B | 74.69B | 69.27B | 63.46B | 27.43B |
| Net Income | 43.55B | 43.91B | 38.13B | 35.18B | 32.01B | 28.07B |
Balance Sheet | ||||||
| Total Assets | 1.43T | 1.30T | 1.57T | 1.07T | 1.20T | 1.10T |
| Cash, Cash Equivalents and Short-Term Investments | 60.12B | 74.63B | 43.74B | 97.65B | 98.78B | 116.12B |
| Total Debt | 13.63B | 14.15B | 3.88B | 20.21B | 26.19B | 28.04B |
| Total Liabilities | 375.04B | 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥852.49B | 18.22 | 4.82% | 1.79% | 9.06% | 34.40% | |
74 Outperform | ¥816.53B | 18.49 | 4.19% | 1.62% | 3.14% | 17.57% | |
73 Outperform | €403.22B | 21.10 | 6.87% | 2.21% | 1.52% | 9.29% | |
69 Neutral | ¥283.66B | 11.00 | 5.86% | 0.71% | 4.01% | 34.90% | |
67 Neutral | ¥94.86B | 15.45 | 3.77% | 4.88% | -9.60% | ||
66 Neutral | ¥377.84B | 13.76 | 2.32% | 2.48% | 5.41% | -19.08% | |
57 Neutral | $694.57B | 14.53 | -2.38% | 1.50% | -2.77% | -158.28% |
TBS HOLDINGS INC. Corporate Events
TBS HOLDINGS, INC. has established a Special Committee for Appraising Corporate Value, appointing several members, including a new outside director, to evaluate corporate measures related to takeover proposals and other strategic decisions. This move aims to ensure that the company’s actions align with maximizing corporate value and providing informed recommendations to the Board of Directors.
TBS HOLDINGS, INC. announced the disposal of 62,028 treasury shares as part of a restricted share-based remuneration system aimed at aligning the interests of its directors and executives with those of its shareholders. This move is intended to incentivize sustainable growth in corporate value and involves a transfer restriction period of up to 30 years, ensuring long-term commitment from the company’s leadership.
TBS HOLDINGS, INC. announced its decision to dispose of treasury shares through a third-party allotment as part of a share-based remuneration system for its directors and executive officers. This move aims to align executive remuneration with corporate value, enhancing the company’s medium- to long-term value. The disposal involves 153,200 shares at a price of ¥4,855 per share, with a total value of ¥743,786,000. The initiative is expected to have minimal impact on the trading market and is part of a broader strategy to improve the TBS Group’s corporate value.
TBS HOLDINGS, INC. has announced the expansion of its Share-based Remuneration System (RS Trust) to include its directors and executive officers, as well as those of its subsidiaries. This move, approved at the company’s General Meeting of Shareholders, involves the acquisition of additional shares by the Trust to be distributed to eligible participants. The initiative is aimed at aligning the interests of the company’s leadership with its long-term performance goals, potentially enhancing stakeholder value and strengthening its market position.
TBS HOLDINGS, INC. has announced its decision to acquire up to 2,400,000 of its own common shares through the Tokyo Stock Exchange’s Off-Auction Treasury Shares Repurchase Trading System. This move, part of a broader strategy to buy back up to 5,000,000 shares, aims to enhance shareholder value and optimize capital structure, with the acquisition scheduled for June 24, 2025, at a total cost of up to 11.167 billion yen.
TBS HOLDINGS, INC. announced the status of its treasury share acquisition plan, which was resolved by the Board of Directors on May 14, 2025. Despite the authorization to acquire up to 5,000,000 shares, no shares were acquired as of May 31, 2025, indicating a cautious approach or potential reevaluation of market conditions.
TBS HOLDINGS, INC. reported a 3.1% increase in net sales for the fiscal year ending March 31, 2025, with operating and ordinary profits rising by 28.3% and 14.3%, respectively. The company also announced a significant increase in dividends per share, reflecting its strong financial performance and commitment to returning value to shareholders.
TBS HOLDINGS, INC. announced the establishment of the Akasaka Creative Foundation to support the long-term development of Akasaka and promote Japanese creativity globally. Additionally, the company plans to dispose of 1,640,000 treasury shares through a third-party allotment to Mizuho Trust & Banking Co., Ltd., pending shareholder approval, to fund the Foundation’s activities.
TBS HOLDINGS, INC. announced proposed amendments to its Articles of Incorporation to be presented at the upcoming General Meeting of Shareholders. These amendments aim to exempt Directors and Audit & Supervisory Board Members from certain liabilities, facilitating the recruitment of diverse talent and ensuring compliance with legal provisions. Additionally, the company plans to allow dividend distributions to foreign shareholders restricted by the Broadcasting Act, potentially broadening its shareholder base.
TBS HOLDINGS, INC. announced the introduction of a non-performance-linked restricted share-based remuneration system for its Outside Directors, aiming to align their interests with the company’s long-term corporate value enhancement goals. This system, subject to shareholder approval, will account for 20% of the total remuneration for Outside Directors and involves issuing common stock under specific conditions to ensure alignment with the company’s strategic objectives.
TBS HOLDINGS, INC. has announced the introduction of a performance-linked share-based remuneration system for its directors, excluding outside directors. This new system aims to align directors’ remuneration with the company’s corporate value, enhancing medium- to long-term value and stakeholder alignment. The proposal, which will be submitted for approval at the upcoming shareholders’ meeting, is part of a broader revision of the company’s remuneration strategy.
TBS HOLDINGS, INC. has announced a proposal to revise the remuneration for its Audit & Supervisory Board Members, increasing the annual cap from ¥100 million to ¥150 million. This change reflects the evolving economic environment and the increased responsibilities of board members, aiming to attract and retain skilled personnel.
TBS HOLDINGS, INC. announced several changes in its executive personnel following a Board of Directors meeting. These changes include the promotion of Yasushi Gemba to Senior Managing Director, the appointment of Yayoi Nakatani as a Director, and the introduction of Noriko Makino Villanti as a new Outside Director. Additionally, Tatsuo Sugai will retire from his position as Executive Vice President and Board Director, transitioning to an Executive Advisor role at Tokyo Broadcasting System Television, Inc.
TBS HOLDINGS, INC. has announced its agenda for the upcoming Ordinary General Meeting of Shareholders, where it will address several business proposals, including amendments to the Articles of Incorporation and director elections. The company has opposed shareholder proposals that demand high returns, arguing that such demands would hinder its long-term growth strategy and capital allocation plans. TBS is committed to enhancing corporate value through its Medium-Term Business Plan 2026, which includes significant investments in content IP and global expansion initiatives.
TBS HOLDINGS, INC. has announced the acquisition of 5,000,000 treasury shares as part of its Mid-Term Business Plan 2026, which aims to improve capital efficiency and enhance shareholder returns. This strategic move is aligned with the company’s focus on sustainable growth and reflects its commitment to shareholder value, impacting its financial operations and market positioning.
TBS HOLDINGS, INC. announced a change in its dividend policy to include shares held by foreign nationals who are restricted from being recorded in the shareholder register, aligning with its global business strategy. This move is part of the company’s broader plan to enhance the attractiveness of its shares and support its transformation into a global content group, with the proposed amendments to be discussed at the upcoming shareholders’ meeting.
TBS HOLDINGS, INC. has decided to amend its ‘Policy on Responding to Takeover Proposals for Company Shares,’ reducing the effective term from three years to one year, to better adapt to future needs and maintain corporate value. This decision aligns with the company’s strategic goals under its ‘VISION 2030’ plan, aiming to evolve from a media group to a content group while protecting against large-scale acquisitions that could harm its transformation efforts.
TBS HOLDINGS, INC. announced its decision to sell a portion of investment securities held by its subsidiaries, expecting to record an extraordinary gain of approximately 9.3 billion yen. This move aligns with the company’s strategy to fund growth investments and revise its cross-shareholding policy, potentially impacting its financial outlook and stakeholder interests.
TBS Holdings, Inc. has announced its intention to acquire all shares and share options of WACUL, Inc. through a tender offer, aiming to make WACUL a wholly-owned subsidiary. This strategic move is part of TBS Holdings’ broader plan to strengthen its market position by expanding its portfolio, potentially impacting stakeholders by increasing its influence in the industry.
TBS Holdings, Inc. has announced a tender offer to acquire shares of WACUL, Inc., a company listed on the Growth Market of the Tokyo Stock Exchange. The acquisition aims to potentially delist WACUL from the exchange, with TBS Holdings planning to make WACUL a wholly-owned subsidiary through a series of procedures. This strategic move could impact WACUL’s market presence and shareholder dynamics, as TBS Holdings strengthens its position in the industry.