TV Asahi Holdings Corporation (JP:9409)
:9409
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TV Asahi Holdings
(9409)
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Rating:72Outperform
Price Target:
¥3,785.00
▲(10.67% Upside)
Action:Upgraded
Date:05/15/26
The score is driven primarily by strong financial strength (very low debt and improving earnings) and supportive valuation (low P/E with a dividend). These positives are partially offset by weak technical momentum, with the stock trading below key moving averages and a negative MACD.
Positive Factors
Conservative balance sheet
TV Asahi's minimal debt and rising equity provide durable financial flexibility and downside protection. This conservative capital structure supports continued investment in content, dividend capacity, and resilience through advertising cycles, lowering refinancing and liquidity risk over the medium term.
Negative Factors
Free cash flow volatility
The intermittent negative free cash flow in 2025 highlights variability in capital spending or working-capital needs, reducing predictability of funds available for dividends and content investment. Such FCF swings raise execution risk and complicate multi-quarter planning for strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
TV Asahi's minimal debt and rising equity provide durable financial flexibility and downside protection. This conservative capital structure supports continued investment in content, dividend capacity, and resilience through advertising cycles, lowering refinancing and liquidity risk over the medium term.
Read all positive factors
TV Asahi Holdings (9409) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥311.68B
Dividend Yield1.79%
Average Volume (3M)242.62K
Price to Earnings (P/E)10.4
Beta (1Y)0.67
Revenue Growth4.76%
EPS Growth15.92%
CountryJP
Employees5,452
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)268.70
Shares Outstanding108,529,000
10 Day Avg. Volume296,640
30 Day Avg. Volume242,620
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)0.74
Price to Sales (P/S)1.02
P/FCF Ratio28.10
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)240.5
Revenue Forecast (FY)¥347.37B
TV Asahi Holdings Business Overview & Revenue Model
Company Description
TV Asahi Holdings Corporation, along with its various subsidiaries, operates extensively in the television broadcasting sector both within Japan and on an international scale. Its business activities are organized into key segments: TV Broadcastin...
How the Company Makes Money
TV Asahi Holdings makes money primarily through its television broadcasting business and the monetization of the content it develops or acquires. Key revenue streams typically include (1) advertising revenue from selling commercial airtime tied to...
TV Asahi Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
94
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 326.95B | 339.49B | 324.06B | 307.90B | 304.57B | 298.28B |
| Gross Profit | 90.93B | 103.47B | 86.77B | 76.71B | 79.57B | 86.98B |
| EBITDA | 45.97B | 50.30B | 45.70B | 34.49B | 34.38B | 41.37B |
| Net Income | 27.28B | 29.65B | 25.82B | 17.14B | 16.60B | 21.00B |
Balance Sheet | ||||||
| Total Assets | 553.39B | 581.11B | 559.56B | 520.43B | 495.12B | 498.81B |
| Cash, Cash Equivalents and Short-Term Investments | 57.93B | 68.24B | 63.75B | 71.02B | 76.48B | 80.06B |
| Total Debt | 20.85B | 0.00 | 2.98B | 1.60B | 1.44B | 1.15B |
| Total Liabilities | 101.83B | 113.42B | 111.71B | 96.85B | 100.36B | 105.59B |
| Stockholders Equity | 449.29B | 465.27B | 445.65B | 421.75B | 393.23B | 391.92B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 12.33B | -5.18B | 4.55B | 935.00M | 24.48B |
| Operating Cash Flow | 0.00 | 24.95B | 26.52B | 19.11B | 15.30B | 30.13B |
| Investing Cash Flow | 0.00 | -9.28B | -32.50B | -21.71B | -25.01B | 7.63B |
| Financing Cash Flow | 0.00 | -11.19B | -7.12B | -5.82B | -6.60B | -4.56B |
TV Asahi Holdings Technical Analysis
Negative
3420.00
Price Trends
3232.60
Negative
3310.49
Negative
3268.52
Negative
Market Momentum
-24.10
Positive
36.73
Neutral
5.18
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9409, the sentiment is Negative. The current price of 3420 is above the 20-day moving average (MA) of 3211.50, above the 50-day MA of 3232.60, and above the 200-day MA of 3268.52, indicating a bearish trend. The MACD of -24.10 indicates Positive momentum. The RSI at 36.73 is Neutral, neither overbought nor oversold. The STOCH value of 5.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9409.
TV Asahi Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥95.00B | 12.01 | ― | 1.71% | 5.83% | 28.79% | |
72 Outperform | ¥311.68B | 10.39 | 7.48% | 1.79% | 4.76% | 15.92% | |
70 Outperform | ¥942.11B | 17.91 | 5.45% | 1.30% | 4.46% | 21.24% | |
70 Outperform | ¥31.22B | 7.06 | ― | 1.67% | 4.43% | 77.99% | |
69 Neutral | ¥681.32B | 11.71 | 6.38% | 1.03% | 4.87% | 24.30% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | ¥579.95B | 118.03 | -2.45% | 1.40% | 0.20% | 91.85% |
* Communication Services Sector Average
JP:9409
TV Asahi Holdings
3,070.00
417.78
15.75%
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3,989.00
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-17.53%
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1,198.47
25.01%
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Asahi Broadcasting Group Holdings Corporation
760.00
106.97
16.38%
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3,470.00
172.03
5.22%
TV Asahi Holdings Corporate Events
TV Asahi Holdings Discloses Strong FY2026 Balance Sheet of Parent Asahi Shimbun
May 29, 2026
TV Asahi Holdings Corporation, a leading Japanese broadcaster listed on the Tokyo Stock Exchange Prime Market, is part of a broader media group anchored by its parent company, The Asahi Shimbun Company. The parent, headquartered in Osaka and capit...
TV Asahi to Make New Japan Pro-Wrestling a Consolidated Subsidiary
May 27, 2026
TV Asahi Holdings’ subsidiary TV Asahi Corporation will acquire additional shares in New Japan Pro-Wrestling Co., Ltd. from major shareholder Bushiroad Inc., turning the professional wrestling promoter from an equity-method affiliate into a ...
TV Asahi Details Influence of Asahi Shimbun and Toei in Strategic Media Alliance
May 27, 2026
TV Asahi Holdings has disclosed details of its controlling shareholders, identifying The Asahi Shimbun Company and TOEI COMPANY, LTD. as major affiliated investors with voting rights of about 20.56% and 20.17%, respectively. The Asahi Shimbun Comp...
TV Asahi Board Rejects Governance and Content-Related Shareholder Proposals
May 27, 2026
TV Asahi Holdings said its board of directors has voted to oppose a set of shareholder proposals submitted by 56 investors ahead of the company’s 86th ordinary general meeting on June 26, 2026. The proposals seek amendments to the Articles o...
TV Asahi Posts Strong FY2026 Earnings, Boosts Dividend but Sees Profit Dip Ahead
May 14, 2026
TV Asahi Holdings reported consolidated net sales of ¥339.5 billion for the fiscal year ended March 31, 2026, up 4.8% year on year, with operating profit climbing 32.9% to ¥26.2 billion and profit attributable to owners of parent rising ...
TV Asahi Hits Record Earnings and Unveils 2026–2029 Growth Plan
May 14, 2026
TV Asahi Holdings reported record-high consolidated sales and profits for the fiscal year ended March 2026, driven primarily by strong performance in its TV broadcasting and internet businesses. Terrestrial advertising, especially spot sales suppo...
TV Asahi Holdings Revamps Executive Lineup at Parent and Broadcasting Unit
May 14, 2026
TV Asahi Holdings Corporation has announced a planned reshuffle of its leadership, detailing a new executive structure for both the holding company and its key broadcasting subsidiary, TV Asahi Corporation. The changes, which include promotions, n...
TV Asahi to Merge Subsidiaries to Streamline Announcer and Staffing Business
May 14, 2026
TV Asahi Holdings will merge two wholly owned subsidiaries, making TRUST NETWORK Co., Ltd. the surviving entity and absorbing TV Asahi ASK Co., Ltd., with an effective date planned for July 1, 2026. By combining TRUST NETWORK’s strong produc...
TV Asahi Discloses Foreign Ownership at 19.99%, Near Regulatory Limit
Apr 23, 2026
TV Asahi Holdings has disclosed that, as of March 31, 2026, foreign nationals and related entities held 205,697 voting rights, corresponding to 20,572,173 shares, representing 19.99% of the company’s total voting rights. This disclosure was ...
TV Asahi Restores Full Compliance With TSE Prime Listing Criteria
Mar 27, 2026
TV Asahi Holdings has confirmed that it now meets all continued listing criteria for the Tokyo Stock Exchange Prime Market, after previously falling short on the tradable share ratio as of March 2025. Through measures implemented under its improve...
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.