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TV Asahi Holdings
(9409)
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Rating:71Outperform
Price Target:
¥3,376.00
▲(5.67% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial strength (very low leverage and improving earnings) and attractive valuation (low P/E and a moderate dividend yield). These positives are partially offset by weak technicals, with the stock trading below key moving averages and negative MACD signaling ongoing bearish trend/momentum.
Positive Factors
Conservative balance sheet
Minimal leverage and steadily rising equity provide financial flexibility, reduce refinancing risk and improve resilience during weaker advertising or programming cycles. This conservative structure can support investment in content and related media businesses without relying heavily on debt.
Negative Factors
Volatile free cash flow
Uneven free cash flow reduces confidence in the consistency of cash generation and may reflect fluctuating capital spending or working-capital needs. Although operating cash flow remains positive, recurring investment requirements could constrain discretionary spending or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal leverage and steadily rising equity provide financial flexibility, reduce refinancing risk and improve resilience during weaker advertising or programming cycles. This conservative structure can support investment in content and related media businesses without relying heavily on debt.
Read all positive factors
TV Asahi Holdings (9409) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥310.16B
Dividend Yield2.27%
Average Volume (3M)242.62K
Price to Earnings (P/E)10.9
Beta (1Y)0.64
Revenue Growth4.11%
EPS Growth4.48%
CountryJP
Employees5,622
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)280.74
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)235.87
Revenue Forecast (FY)¥344.80B
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 broadcasting and media-related subsidiaries. The core earnings engine is commercial television broadcasting, where revenue is generated mainly from advertising sold around broadcast programming (...
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 | 340.39B | 339.49B | 324.06B | 307.90B | 304.57B | 298.28B |
| Gross Profit | 99.44B | 103.47B | 86.77B | 76.71B | 79.57B | 86.98B |
| EBITDA | 49.23B | 50.30B | 45.70B | 34.49B | 34.38B | 41.37B |
| Net Income | 28.23B | 29.65B | 25.82B | 17.14B | 16.60B | 21.00B |
Balance Sheet | ||||||
| Total Assets | 588.63B | 581.11B | 559.56B | 520.43B | 495.12B | 498.81B |
| Cash, Cash Equivalents and Short-Term Investments | 68.16B | 68.24B | 63.75B | 71.02B | 76.48B | 80.06B |
| Total Debt | 23.67B | 0.00 | 2.98B | 1.60B | 1.44B | 1.15B |
| Total Liabilities | 107.81B | 113.42B | 111.71B | 96.85B | 100.36B | 105.59B |
| Stockholders Equity | 476.65B | 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
3195.00
Price Trends
3173.80
Negative
3229.11
Negative
3266.33
Negative
Market Momentum
-35.65
Positive
42.24
Neutral
46.52
Neutral
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 3195 is above the 20-day moving average (MA) of 3114.75, above the 50-day MA of 3173.80, and below the 200-day MA of 3266.33, indicating a bearish trend. The MACD of -35.65 indicates Positive momentum. The RSI at 42.24 is Neutral, neither overbought nor oversold. The STOCH value of 46.52 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥733.46B | 11.13 | 5.71% | 1.52% | 2.95% | 30.61% | |
71 Outperform | ¥310.16B | 10.88 | 6.46% | 2.17% | 4.11% | 4.48% | |
69 Neutral | ¥33.89B | 14.05 | ― | 1.67% | 0.32% | -50.06% | |
67 Neutral | ¥92.81B | 13.47 | ― | 1.71% | 2.13% | -9.91% | |
62 Neutral | ¥915.37B | 18.61 | 4.88% | 1.38% | 5.12% | 6.10% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | ¥600.45B | 41.56 | 0.88% | 3.00% | 8.80% | ― |
* Communication Services Sector Average
JP:9409
TV Asahi Holdings
3,055.00
55.81
1.86%
JP:4676
Fuji Media Holdings
4,130.00
876.55
26.94%
JP:9404
Nippon Television Holdings
2,905.00
-818.90
-21.99%
JP:9401
TBS HOLDINGS INC.
5,821.00
419.41
7.76%
JP:9405
Asahi Broadcasting Group Holdings Corporation
825.00
110.15
15.41%
JP:9413
TV Tokyo Holdings Corporation
3,390.00
-792.31
-18.94%
TV Asahi Holdings Corporate Events
TV Asahi Posts Profit Drop but Keeps Forecasts and Plans Higher Dividend
Aug 7, 2026
TV Asahi Holdings reported consolidated net sales of ¥81.39 billion for the three months ended June 30, 2026, a modest 1.1% year-on-year increase, while operating profit almost halved and ordinary profit and profit attributable to owners of p...
TV Asahi Lifts Sales but Sees Profit Dip as Events and TOKYO DREAM PARK Drive Growth
Aug 7, 2026
TV Asahi Holdings reported consolidated first-quarter FY27/3 results with higher sales but lower profits, as its core Media Content business saw increased revenue yet profit pressure from a sharp drop in spot advertising following last year’...
TV Asahi Completes Restricted Share Compensation Issuance
Jul 24, 2026
TV Asahi Holdings has completed payment procedures for a new share issuance conducted as restricted share compensation, following a board resolution made on June 26, 2026. The move reflects the company’s use of equity-based incentives to ali...
TV Asahi issues long-lockup restricted shares to align directors with shareholders
Jun 26, 2026
TV Asahi Holdings has approved the issuance of 8,266 new common shares as restricted share compensation to 16 operating directors of the company and its core broadcasting subsidiary, TV Asahi Corporation. The shares, priced at ¥3,070 each for...
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...
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.