TBS HOLDINGS INC. (JP:9401)
:9401
Top Page
TBS HOLDINGS INC.
(9401)
Select Model
Select Model
Rating:70Outperform
Price Target:
¥6,116.00
▲(7.60% Upside)
Action:ReiteratedDate:02/07/26
The score is primarily supported by strong profitability and a very low-leverage balance sheet, but it is meaningfully tempered by negative free cash flow and a weak price trend (trading below key moving averages) despite oversold technical readings. Valuation is reasonable with only a modest dividend yield.
Positive Factors
Revenue growth & margins
TBS shows steady top-line growth with robust gross and net margins, indicating durable content monetization and cost control. Healthy margins support reinvestment in programming and distribution, sustaining profitability even through moderate advertising cycles.
Negative Factors
Negative free cash flow
Persistent negative free cash flow due to high capex can strain liquidity and limit capacity to self-fund content, dividends, or M&A. Over the medium term this may force external financing or cutbacks that could weaken strategic initiatives and flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & margins
TBS shows steady top-line growth with robust gross and net margins, indicating durable content monetization and cost control. Healthy margins support reinvestment in programming and distribution, sustaining profitability even through moderate advertising cycles.
Read all positive factors
TBS HOLDINGS INC. (9401) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥927.01B
Dividend Yield1.3%
Average Volume (3M)202.50K
Price to Earnings (P/E)22.0
Beta (1Y)0.82
Revenue Growth4.55%
EPS Growth-7.49%
CountryJP
Employees7,992
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)N/A
Shares Outstanding165,591,060
10 Day Avg. Volume208,880
30 Day Avg. Volume202,496
Financial Highlights & Ratios
PEG Ratio0.89
Price to Book (P/B)0.73
Price to Sales (P/S)1.69
P/FCF Ratio-2.43K
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
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 transporta...
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 a...
TBS HOLDINGS INC. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
60
Neutral
| 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 | 26.32B | 37.26B | 32.11B | 36.03B | 35.95B | 27.43B |
| 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 | 14.24B | 4.02B | 20.31B | 26.19B | 28.45B |
| Total Liabilities | 369.95B | 346.89B | 417.55B | 271.68B | 318.63B | 305.34B |
| Stockholders Equity | 1.04T | 935.71B | 1.14T | 780.67B | 868.46B | 781.37B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -282.00M | 18.33B | 4.52B | -28.74B | -16.10B |
| 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
Positive
5684.00
Price Trends
5752.86
Negative
5762.57
Negative
5459.27
Positive
Market Momentum
-24.96
Negative
52.48
Neutral
56.23
Neutral
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 5684 is above the 20-day moving average (MA) of 5640.78, below the 50-day MA of 5752.86, and above the 200-day MA of 5459.27, indicating a neutral trend. The MACD of -24.96 indicates Negative momentum. The RSI at 52.48 is Neutral, neither overbought nor oversold. The STOCH value of 56.23 is Neutral, 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥927.01B | 21.98 | 5.45% | 1.30% | 4.55% | -7.49% | |
69 Neutral | ¥802.39B | 11.82 | 6.38% | 1.03% | 7.90% | 54.01% | |
69 Neutral | ¥111.29B | 10.12 | ― | 1.71% | 7.01% | 72.94% | |
68 Neutral | ¥889.74B | 24.11 | 7.76% | 1.67% | 0.97% | 12.23% | |
64 Neutral | ¥346.20B | 6.57 | 7.48% | 1.79% | 6.63% | 80.44% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | ¥622.84B | 25.92 | -2.45% | 1.40% | -6.29% | -141.32% |
* Communication Services Sector Average
JP:9401
TBS HOLDINGS INC.
5,731.00
1,271.13
28.50%
JP:4676
Fuji Media Holdings
4,284.00
1,081.91
33.79%
JP:9404
Nippon Television Holdings
3,178.00
84.63
2.74%
JP:9412
SKY Perfect JSAT Holdings
3,140.00
2,033.69
183.83%
JP:9409
TV Asahi Holdings
3,410.00
1,008.69
42.01%
JP:9413
TV Tokyo Holdings Corporation
4,065.00
527.62
14.92%
TBS HOLDINGS INC. Corporate Events
TBS Holdings to Assume Ownership of Core Broadcast Center in Capital-Efficiency Move
Feb 5, 2026
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, ...
TBS Holdings Delivers Strong Nine-Month Earnings and Raises Payout While Expanding Group Portfolio
Feb 5, 2026
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,...
TBS Holdings Strikes US$150 Million Strategic Alliance with Legendary to Globalise Japanese IP
Jan 15, 2026
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 ...
TBS Holdings Director Resigns Over Fraudulent Expense Claims
Dec 25, 2025
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 amount...
TBS HOLDINGS Updates Shareholder Benefit Program to Enhance Engagement
Dec 4, 2025
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.’ Thes...
TBS HOLDINGS Expands U.S. Subsidiary with Major Capital Injection
Dec 4, 2025
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, classi...
TBS HOLDINGS Revises Dividend Forecast Upward Amid Strong Revenue
Nov 11, 2025
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&#...
TBS HOLDINGS Reports Strong Financial Growth and Strategic Expansion
Nov 11, 2025
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 previou...
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.