TBS HOLDINGS INC. (9401) AI Stock Analysis

• Market Cap: $841.77B
• Dividend Yield: 1.39%
• Average Volume (3M): 206.96K
• Price to Earnings (P/E): 17.7
• Beta (1Y): 0.89
• Revenue Growth: 2.66%
• EPS Growth: 12.40%
• Country: JP
• Employees: 7,992
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): 110.76
• Shares Outstanding: 165,591,060
• 10 Day Avg. Volume: 216,860
• 30 Day Avg. Volume: 206,960
• PEG Ratio: 0.89
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 1.69
• P/FCF Ratio: -2.43K
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 1.92
• Enterprise Value/Gross Profit: 5.99
• Enterprise Value/Ebitda: 21.15
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: ¥5,709.00 ▲(4.20% Upside)

TBS HOLDINGS INC. scores moderately due to strong financial performance, particularly in revenue growth and profitability, despite cash flow challenges. Technical analysis indicates short-term weakness, while valuation metrics suggest fair pricing. The absence of earnings call data and corporate events limits additional insights.

TBS HOLDINGS INC. Business Overview & Revenue Model

Company Description

TBS HOLDINGS INC. (9401) is a Japanese company primarily engaged in the logistics and transportation sector, specializing in the provision of comprehensive supply chain solutions. The company operates through various segments, including transportation, warehousing, and distribution services, catering to a diverse range of industries. TBS HOLDINGS is known for its commitment to efficiency and innovation, offering services such as freight forwarding, customs clearance, and integrated logistics management.

How the Company Makes Money

TBS HOLDINGS INC. generates revenue primarily through its logistics and transportation services. The company earns money by charging clients for freight transportation, warehousing solutions, and value-added services such as inventory management and order fulfillment. Key revenue streams include contracts with large corporate clients who require consistent and reliable logistics support, as well as one-time shipments for smaller businesses. Additionally, TBS HOLDINGS may benefit from strategic partnerships with shipping companies and technology providers, enhancing its service offerings and operational efficiency. The company's focus on expanding its service portfolio and geographical reach also contributes to its overall earnings.

TBS HOLDINGS INC. Financial Statement Overview

Summary

TBS HOLDINGS INC. demonstrates strong revenue growth and profitability with impressive margins and a robust balance sheet with minimal leverage. However, cash flow challenges due to significant capital expenditures suggest a need for strategic cash management.

Income Statement

TBS HOLDINGS INC. demonstrates strong revenue growth with a consistent upward trajectory, achieving a 3.14% increase in revenue from 2024 to 2025. The gross profit margin remains robust at 31.67% for 2025, indicating effective cost management. The net profit margin is also impressive at 10.80%, showcasing profitability in operations. EBIT and EBITDA margins further reinforce operational efficiency, showing substantial margins of 4.71% and 21.54% respectively. These figures highlight a stable and profitable income statement.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.02 in 2025, indicating minimal leverage and a strong equity base. The return on equity stands at 4.69%, suggesting reasonable returns for shareholders. The equity ratio is healthy at 72.19%, underscoring a strong capital structure with significant equity backing total assets. Despite some fluctuations in total assets, the overall financial stability remains commendable.

Cash Flow

Cash flow analysis reveals some challenges, with a negative free cash flow in 2025, driven by substantial capital expenditures. The operating cash flow to net income ratio is 0.53, indicating moderate cash generation from operations relative to net income. The free cash flow to net income ratio is negative, reflecting potential liquidity constraints. The cash flow statement suggests a need for careful cash management to ensure liquidity and operational flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
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

• Technical Analysis Sentiment: Positive
• Last Price: 5479.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9401, the sentiment is Positive. The current price of 5479 is above the 20-day moving average (MA) of 5340.55, above the 50-day MA of 5391.36, and above the 200-day MA of 4680.33, indicating a bullish trend. The MACD of -1.11 indicates Negative momentum. The RSI at 58.70 is Neutral, neither overbought nor oversold. The STOCH value of 83.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9401.

TBS HOLDINGS INC. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9404	76 Outperform	¥955.54B	18.75	5.27%	1.07%	9.01%	36.61%
9409	73 Outperform	$305.59B	11.20	6.30%	1.93%	4.16%	51.14%
9413	69 Neutral	¥126.90B	16.58	―	1.68%	6.81%	31.52%
9412	67 Neutral	€399.25B	20.39	7.40%	1.82%	0.57%	10.90%
9401	66 Neutral	$841.77B	17.69	4.52%	1.39%	2.66%	12.40%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
4676	45 Neutral	$723.71B	14.53	-3.16%	1.48%	-4.70%	-170.75%

TBS HOLDINGS INC. Corporate Events

TBS HOLDINGS Reports Extraordinary Income from Securities Sale, Revises Profit Forecast Upward

TBS HOLDINGS, INC. has announced the sale of investment securities by its wholly-owned subsidiary, resulting in an extraordinary income of approximately 38.5 billion yen. This transaction has led to a significant upward revision of the company’s consolidated financial results forecast for the fiscal year ending March 31, 2026, with profit attributable to owners of the parent expected to increase by 90.9%. Despite this increase, the dividend forecast remains unchanged as the income will be allocated for growth investments.

The most recent analyst rating on (JP:9401) stock is a Buy with a Yen5326.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.

TBS HOLDINGS to Recognize Extraordinary Income from Securities Sale

TBS HOLDINGS, INC. announced the sale of investment securities held by its wholly-owned subsidiary, expecting to recognize an extraordinary income from this transaction. This move aligns with a strategic review of shareholdings under Japan’s Corporate Governance Code and aims to secure funds for future strategic investments, potentially impacting the company’s financial outlook for the fiscal year ending March 31, 2026.

The most recent analyst rating on (JP:9401) stock is a Buy with a Yen5326.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.

TBS HOLDINGS Allocates Treasury Shares to Support Creative Foundation

TBS HOLDINGS, INC. has decided to dispose of 1,640,000 treasury shares through a third-party allotment to support the Akasaka Creative Foundation. This initiative aims to provide continuous and stable funding for the Foundation’s activities, reflecting the company’s commitment to supporting creative endeavors.

The most recent analyst rating on (JP:9401) stock is a Buy with a Yen5326.00 price target. To see the full list of analyst forecasts on TBS HOLDINGS INC. stock, see the JP:9401 Stock Forecast page.

TBS HOLDINGS Enhances Shareholder Value with Treasury Share Acquisition

TBS HOLDINGS, INC. has announced the acquisition of 2,487,300 treasury shares through the Off-Auction Treasury Shares Repurchase Trading System (ToSTNeT-3) on August 8, 2025. This move aims to improve capital efficiency and enhance shareholder returns, with a total acquisition cost of 13,125,482,100 yen, reflecting the company’s strategic focus on optimizing its financial structure.

TBS HOLDINGS Announces Treasury Shares Acquisition

TBS HOLDINGS, INC. has announced a plan to acquire up to 2,802,700 of its common shares through the Tokyo Stock Exchange’s Off-Auction Treasury Shares Repurchase Trading System. This move, part of a broader strategy outlined in May 2025, involves a total acquisition cost of up to 14.79 billion yen, aiming to enhance shareholder value and optimize capital structure.

TBS HOLDINGS, INC. Reports Strong Q2 2025 Financial Results

TBS HOLDINGS, INC. reported a positive financial performance for the three months ending June 30, 2025, with a notable increase in net sales and profits compared to the previous year. The company also announced the consolidation of two new companies, which could impact its market positioning and future financial results.