TV Tokyo Holdings Corporation (9413) AI Stock Analysis

• Market Cap: ¥109.65B
• Dividend Yield: 1.71%
• Average Volume (3M): 47.66K
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.59
• Revenue Growth: 7.01%
• EPS Growth: 72.94%
• Country: JP
• Employees: 1,646
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): N/A
• Shares Outstanding: 27,579,500
• 10 Day Avg. Volume: 42,150
• 30 Day Avg. Volume: 47,660
• PEG Ratio: -1.63
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.61
• P/FCF Ratio: 14.82
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥5,370.00
• Price Target Upside: 17.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ¥4,490.00 ▼(-1.97% Downside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

TV Tokyo Holdings Corporation's stock score is primarily driven by its strong financial health and positive technical indicators. The company shows consistent revenue growth and a robust balance sheet, though profitability and cash flow stability need improvement. Technical analysis indicates a generally positive trend, but mixed signals suggest caution. The valuation is fair, with a reasonable P/E ratio and moderate dividend yield.

Positive Factors

Balance sheet strength

Low leverage and a healthy equity ratio give TV Tokyo durable financial flexibility. It can fund content production, absorb advertising cyclicality, pursue selective strategic investments or debt reduction without stressing liquidity. This underpins resilience over the next 2–6 months.

Revenue growth trend

Consistent revenue expansion, including a noted increase from 2024 to 2025, reflects steady ad sales and content monetization. Sustained top-line growth supports reinvestment in programming and distribution, improving scale and bargaining power with platforms over the medium term.

Free cash flow improvement

Positive free cash flow growth driven by stronger operating cash flow provides funding for content, dividends, or balance sheet strengthening. While variability exists, solid FCF trends enhance the firm's capacity to invest and withstand ad market swings across coming months.

Negative Factors

Margin pressure

Slight declines in EBIT and net margins indicate operating profitability is under pressure, possibly from rising content or distribution costs or softer advertising rates. Persistent margin erosion would constrain reinvestment, dividend capacity, and ROE over the medium term.

Cash flow volatility

Fluctuating free cash flow and capex point to variability in capital allocation and working capital needs. This unpredictability can hamper consistent content investment plans, dividend policy, and strategic initiatives, raising execution risk over 2–6 months.

Declining ROE

A slight drop in return on equity signals diminishing efficiency in converting equity into profits. If ROE weakness persists, it reduces shareholder returns and may force management to choose between boosting margins, cutting costs, or slowing growth investments.

TV Tokyo Holdings Corporation Business Overview & Revenue Model

Company Description

TV TOKYO Holdings Corporation operates as a broadcasting holding company in Japan. The company is involved in terrestrial, BS digital, CS, and internet/mobile broadcasting; planning and production of musical compositions and programs, and animation programs; copyright management; the planning and sale of packaged software; and the preparation of commercial broadcast. It also offers closed captioned and for-sale editing; TV and internet communications, advertising, and insurance agency; broadcast preparation, media and sports editing, and archive services; facilities management; and plans and produces art equipment, and broadcast programming. In addition, the company engages in the lighting business; the provision of program production technology, transmission technical, and news services; broadcasting and ancillary businesses through broadcasting satellite; and the development and production of digital media and content. Further, it is involved in the cross-media advertising; news program/japan satellite broadcasting/cable television channel; and streaming businesses. The company was founded in 2010 and is headquartered in Tokyo, Japan.

How the Company Makes Money

TV Tokyo Holdings Corporation primarily makes money through group revenues generated by (1) television broadcasting operations and (2) content-related businesses. In broadcasting, a core revenue stream is advertising sales tied to TV Tokyo’s programming—this typically includes sales of commercial spots and advertising associated with specific programs. In content-related businesses, the group monetizes television programs and other IP by producing, distributing, and licensing content to third parties and platforms, earning fees and royalties from domestic and overseas rights utilization. Additional revenue can come from group media-related operations connected to broadcasting (e.g., program production services and other ancillary media services). Specific details on major partnerships, the precise mix of revenue by segment, or platform-by-platform monetization are null.

TV Tokyo Holdings Corporation Financial Statement Overview

Summary

TV Tokyo Holdings Corporation demonstrates strong financial health with consistent revenue growth and a robust balance sheet characterized by low leverage and a solid equity base. However, the company faces challenges in maintaining high margins and ensuring consistent cash flow management. The overall financial performance is commendable, but there is room for improvement in profitability and cash flow stability.

Income Statement

TV Tokyo Holdings Corporation has shown consistent revenue growth over the past few years, with a notable increase in total revenue from 2024 to 2025. The gross profit margin has remained stable, indicating efficient cost management. However, there is a slight decline in EBIT and net profit margins, suggesting pressure on operating efficiency and profitability. Overall, the income statement reflects good revenue growth but faces challenges in sustaining high profitability margins.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio, highlighting financial stability and low leverage risk. The equity ratio is healthy, indicating a solid capital structure. Return on equity shows a slight decrease, which might be a concern for shareholders seeking higher returns. Overall, the balance sheet is robust, with strong equity and low financial risk.

Cash Flow

The cash flow statement indicates a positive trend in free cash flow growth, driven by improved operating cash flow. However, fluctuations in free cash flow and capital expenditures suggest volatility in cash management. The operating cash flow to net income ratio is stable, reflecting good cash earnings quality. Overall, the cash flow position is promising, with healthy free cash flow growth but requires monitoring for consistency.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	159.60B	155.84B	148.59B	150.96B	148.07B	139.08B
Gross Profit	49.76B	47.23B	45.04B	46.13B	44.79B	36.73B
EBITDA	14.32B	12.03B	12.85B	13.35B	12.72B	9.56B
Net Income	7.48B	6.04B	6.74B	6.72B	6.02B	2.58B
Balance Sheet
Total Assets	145.19B	147.84B	147.09B	139.93B	134.08B	128.07B
Cash, Cash Equivalents and Short-Term Investments	41.10B	42.16B	40.60B	42.18B	38.57B	31.69B
Total Debt	5.70B	6.57B	6.61B	6.55B	5.21B	5.32B
Total Liabilities	42.67B	45.94B	47.82B	46.58B	44.24B	39.00B
Stockholders Equity	102.38B	101.70B	99.08B	93.16B	89.61B	86.08B
Cash Flow
Free Cash Flow	0.00	6.46B	4.44B	9.68B	12.38B	5.46B
Operating Cash Flow	0.00	7.57B	6.47B	11.13B	13.50B	5.86B
Investing Cash Flow	0.00	-2.02B	-4.71B	-8.33B	-1.35B	-3.95B
Financing Cash Flow	0.00	-4.05B	-3.41B	-3.14B	-4.79B	-1.86B

TV Tokyo Holdings Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4580.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9413, the sentiment is Negative. The current price of 4580 is above the 20-day moving average (MA) of 4277.00, above the 50-day MA of 4434.70, and above the 200-day MA of 4372.90, indicating a bearish trend. The MACD of -79.82 indicates Positive momentum. The RSI at 36.58 is Neutral, neither overbought nor oversold. The STOCH value of 43.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9413.

TV Tokyo Holdings Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9405	74 Outperform	¥35.66B	6.07	―	1.67%	7.33%	―
9401	70 Outperform	¥892.72B	21.98	5.45%	1.30%	4.55%	-7.49%
9413	69 Neutral	¥109.65B	10.12	―	1.71%	7.01%	72.94%
9404	69 Neutral	¥784.71B	11.82	6.38%	1.03%	7.90%	54.01%
9409	64 Neutral	¥330.97B	6.57	7.48%	1.79%	6.63%	80.44%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
4676	45 Neutral	¥568.17B	25.92	-2.45%	1.40%	-6.29%	-141.32%

TV Tokyo Holdings Corporation Corporate Events

Nikkei Profit Surges on Digital Growth, Bolstering Key TV Tokyo Shareholder

TV TOKYO Holdings Corporation reported that its other affiliated company and largest shareholder, Nikkei Inc., finalized consolidated financial results for the fiscal year ended December 31, 2025, showing a solid improvement in profitability. Nikkei’s net sales rose 3.0% year on year to ¥393.8 billion, while operating profit climbed 19.1% to ¥16.8 billion and profit attributable to owners of parent increased 32.9% to ¥11.1 billion, supported by strong digital-edition sales and higher event revenue offsetting a decline in print circulation.

The results also showed healthier balance-sheet metrics, with total assets reaching ¥698.6 billion, equity rising and the equity-to-asset ratio improving to 56.8%, alongside robust operating cash flow of ¥30.5 billion. The stronger earnings and financial position at Nikkei are likely to underpin its ability to continue investing in digital and event businesses, and, as TV TOKYO’s largest shareholder and strategic partner in content, events, IT and real estate, may reinforce the broader group’s operational and financial stability while supporting continued collaboration across media and digital initiatives.

The most recent analyst rating on (JP:9413) stock is a Buy with a Yen4760.00 price target. To see the full list of analyst forecasts on TV Tokyo Holdings Corporation stock, see the JP:9413 Stock Forecast page.

TV Tokyo Holdings Nearly Doubles Profit and Lifts Dividend Outlook

TV Tokyo Holdings reported consolidated net sales of ¥124.3 billion for the nine months ended December 31, 2025, up 8.7% year on year, with operating profit nearly doubling to ¥11.4 billion and profit attributable to owners of the parent surging 81.9% to ¥8.0 billion. Earnings per share climbed to ¥299.37, while total assets rose to ¥157.7 billion and equity remained strong with a 68.6% equity-to-asset ratio, underscoring improved profitability and a solid balance sheet.

The company plans a total annual dividend of ¥100.00 per share for the fiscal year ending March 31, 2026, higher than the previous year’s ¥90.00, signaling confidence in its earnings capacity and shareholder returns policy. It also maintained its full-year forecast, targeting ¥164.0 billion in net sales and ¥7.7 billion in profit attributable to owners, suggesting steady growth expectations without changes to previously announced guidance.

The most recent analyst rating on (JP:9413) stock is a Buy with a Yen5348.00 price target. To see the full list of analyst forecasts on TV Tokyo Holdings Corporation stock, see the JP:9413 Stock Forecast page.

TV Tokyo Holdings Delivers Record Q3 on Anime, Streaming and Ad Strength

TV Tokyo Holdings reported record-high consolidated results for the third quarter of the fiscal year ending March 31, 2026, with net sales up 8.7% to ¥124.3 billion and operating income nearly doubling to ¥11.4 billion. Terrestrial and BS broadcasting profits rose 84.4%, supported by strong spot advertising, while anime and streaming operating income grew 2.1 times as overseas anime sales, game adaptations, and robust streaming rights and ad revenues drove net sales gains of over 27% in both segments.

The company is accelerating growth investments by making e-sports event operator Q-nine a wholly owned subsidiary and investing in Minto to strengthen digital monetization and overseas IP expansion. Flagship anime titles like NARUTO, BORUTO, and Black Clover, along with hit dramas such as “Please Die My Beloved” and “The Laughing Salesman,” are lifting global game and merchandise sales and boosting viewership on ad-supported streaming, reinforcing TV Tokyo’s competitive position in content-driven revenue streams.

The most recent analyst rating on (JP:9413) stock is a Buy with a Yen5348.00 price target. To see the full list of analyst forecasts on TV Tokyo Holdings Corporation stock, see the JP:9413 Stock Forecast page.