TV Asahi Holdings (9409) AI Stock Analysis

• Market Cap: $337.57B
• Dividend Yield: 1.85%
• Average Volume (3M): 242.62K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.86
• Revenue Growth: 6.63%
• EPS Growth: 80.44%
• Country: JP
• Employees: 5,452
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): N/A
• Shares Outstanding: 108,529,000
• 10 Day Avg. Volume: 296,640
• 30 Day Avg. Volume: 242,620
• PEG Ratio: 0.20
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.79
• P/FCF Ratio: -49.69
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 250.24
• Revenue Forecast (FY): $337.10B

• Rating: 64 Neutral
• Price Target: ¥3,354.00 ▲(4.16% Upside)

TV Asahi Holdings' overall stock score is driven primarily by its strong financial performance, characterized by revenue growth and a solid balance sheet. However, the negative free cash flow and lack of strong technical momentum are concerns. The valuation is reasonable, offering moderate income potential through dividends.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a robust business model and effective market strategies, ensuring long-term sustainability and expansion.

Balance Sheet Strength

A strong balance sheet with minimal leverage reduces financial risk, providing stability and flexibility for future investments or downturns.

Profit Margin Improvement

Improved profit margins reflect enhanced operational efficiency and cost management, supporting long-term profitability and shareholder value.

Negative Factors

Negative Free Cash Flow

Negative free cash flow suggests issues in cash generation post-capital expenditures, potentially limiting growth opportunities and financial flexibility.

Operational Efficiency

Moderate EBIT and EBITDA margins indicate room for operational efficiency improvements, which could impact competitiveness and profitability.

Cash Management

Inefficient cash management could strain financial resources, affecting the company's ability to invest in growth and manage liabilities effectively.

TV Asahi Holdings Business Overview & Revenue Model

Company Description

TV Asahi Holdings Corporation, listed under the ticker 9409, is a leading Japanese media and entertainment company primarily engaged in the production and broadcasting of television programs, films, and related content. The company operates in various sectors, including broadcasting, motion pictures, publishing, and merchandise licensing, with a diverse portfolio that encompasses news, entertainment, sports, and animation. TV Asahi is well-known for its iconic programming and has a significant presence in both traditional and digital media.

How the Company Makes Money

TV Asahi generates revenue through multiple streams, primarily from advertising, subscription fees, and content sales. The advertising segment constitutes a substantial portion of its income, as the company sells commercial airtime during its broadcast programs to various advertisers. Additionally, TV Asahi earns revenue from subscriptions through its pay-TV services and streaming platforms. The company also monetizes its content by licensing television shows, films, and other media to domestic and international networks. Significant partnerships with advertisers, production studios, and distribution companies further enhance its revenue potential, while the company's ability to produce popular programming helps to maintain strong viewer engagement and advertising demand.

TV Asahi Holdings Financial Statement Overview

Summary

TV Asahi Holdings demonstrates strong revenue growth and profitability improvements, supported by a solid balance sheet with low leverage. However, the negative free cash flow indicates a need for better cash management strategies.

Income Statement

TV Asahi Holdings has demonstrated consistent revenue growth over the years, with a notable increase in gross profit margin from 24.91% in 2024 to 26.78% in 2025. The net profit margin also improved to 7.97% in 2025, indicating enhanced profitability. However, the EBIT and EBITDA margins, while improving, remain moderate, suggesting room for operational efficiency improvements.

Balance Sheet

The company maintains a strong balance sheet with a very low debt-to-equity ratio of 0.0067, reflecting minimal leverage and financial risk. The return on equity has improved to 5.79% in 2025, indicating better utilization of shareholder funds. The equity ratio remains robust, showcasing a stable financial position.

Cash Flow

While operating cash flow has increased, the free cash flow is negative, indicating potential challenges in generating cash after capital expenditures. The operating cash flow to net income ratio is healthy, but the negative free cash flow to net income ratio highlights the need for better cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	326.95B	324.06B	307.90B	304.57B	298.28B	264.56B
Gross Profit	90.93B	86.77B	76.71B	79.57B	86.98B	71.29B
EBITDA	35.97B	45.70B	22.45B	25.26B	32.34B	25.44B
Net Income	27.28B	25.82B	17.14B	16.60B	21.00B	12.60B
Balance Sheet
Total Assets	553.39B	559.56B	520.43B	495.12B	498.81B	473.74B
Cash, Cash Equivalents and Short-Term Investments	57.93B	63.75B	71.02B	76.48B	80.06B	55.50B
Total Debt	20.85B	2.98B	1.60B	1.44B	2.49B	2.83B
Total Liabilities	101.83B	111.71B	96.86B	100.36B	105.59B	97.64B
Stockholders Equity	449.28B	445.65B	421.75B	393.23B	391.92B	374.96B
Cash Flow
Free Cash Flow	0.00	-5.18B	2.98B	-2.35B	22.76B	-29.12B
Operating Cash Flow	0.00	26.52B	19.11B	15.30B	30.13B	20.60B
Investing Cash Flow	0.00	-32.50B	-21.71B	-25.01B	7.63B	-7.96B
Financing Cash Flow	0.00	-7.12B	-5.82B	-6.60B	-4.56B	-8.25B

TV Asahi Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3220.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9409, the sentiment is Neutral. The current price of 3220 is below the 20-day moving average (MA) of 3279.25, above the 50-day MA of 3211.77, and above the 200-day MA of 2823.39, indicating a neutral trend. The MACD of 34.95 indicates Positive momentum. The RSI at 46.44 is Neutral, neither overbought nor oversold. The STOCH value of 51.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9409.

TV Asahi Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9401	77 Outperform	¥908.09B	15.98	5.45%	1.39%	4.55%	-7.49%
9412	74 Outperform	€432.69B	22.10	7.53%	1.77%	0.97%	12.23%
9404	69 Neutral	$1.03T	17.86	5.67%	1.06%	7.90%	54.01%
9413	69 Neutral	¥132.37B	17.30	―	1.65%	7.01%	72.94%
9409	64 Neutral	$337.57B	10.28	7.18%	1.85%	6.63%	80.44%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
4676	45 Neutral	$740.83B	-26.06	-1.72%	1.48%	-6.29%	-141.32%

TV Asahi Holdings Corporate Events

TV Asahi Holdings Monitors Foreign Voting Rights Amid Regulatory Thresholds

TV Asahi Holdings Corporation announced that as of September 30, 2025, the ratio of voting rights held by foreign nationals is 19.83%. This figure is significant as it approaches the 20% threshold stipulated by the Broadcasting Act, which could lead to revocation of the company’s certification as a broadcasting holding company. The company is required to publicly disclose this information every six months if the ratio exceeds 15%, highlighting the importance of monitoring foreign ownership to maintain compliance.

The most recent analyst rating on (JP:9409) stock is a Buy with a Yen3624.00 price target. To see the full list of analyst forecasts on TV Asahi Holdings stock, see the JP:9409 Stock Forecast page.

TV Asahi Holdings Reports Strong Q1 2025 Financial Results

TV Asahi Holdings reported a strong financial performance for the three months ended June 30, 2025, with notable increases in net sales and profits compared to the previous year. The company achieved a 3.7% increase in net sales and significant growth in operating and ordinary profits, indicating a positive trend in its operational efficiency and market positioning. The financial results forecast for the fiscal year ending March 31, 2026, suggests continued growth, albeit at a slower pace, with a focus on maintaining profitability and shareholder value.