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TV Tokyo Holdings Corporation
(9413)
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Rating:67Neutral
Price Target:
¥3,624.00
▼(-20.87% Downside)
Action:Downgraded
Date:08/11/26
The score is primarily supported by solid financial quality (low leverage and improving profitability) and a reasonable valuation with a ~3% dividend yield. Offsetting these positives, technicals are meaningfully weak with the stock below all key moving averages and negative MACD, indicating bearish momentum despite near-oversold readings.
Positive Factors
Very low leverage and capital stability
A conservatively financed balance sheet with minimal debt and a rising equity base provides durable financial flexibility. That stability supports long-term investments in content, strategic partnerships or buybacks, and buffers cyclicality in advertising revenues without stressing solvency or credit capacity.
Negative Factors
Volatile cash-flow conversion
Inconsistent conversion of earnings to free cash flow creates planning uncertainty for content spend and shareholder payouts. The swings make it harder to forecast sustainable distributions or fund multi-year investments, elevating execution risk despite recent cash recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and capital stability
A conservatively financed balance sheet with minimal debt and a rising equity base provides durable financial flexibility. That stability supports long-term investments in content, strategic partnerships or buybacks, and buffers cyclicality in advertising revenues without stressing solvency or credit capacity.
Read all positive factors
TV Tokyo Holdings Corporation (9413) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥93.63B
Dividend Yield2.89%
Average Volume (3M)47.66K
Price to Earnings (P/E)13.8
Beta (1Y)0.43
Revenue Growth2.13%
EPS Growth-9.91%
CountryJP
Employees1,672
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)289.28
Shares Outstanding27,579,500
10 Day Avg. Volume42,150
30 Day Avg. Volume47,660
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)1.02
Price to Sales (P/S)0.66
P/FCF Ratio7.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,223.33Price Target Upside-7.79% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)282.2
Revenue Forecast (FY)¥165.08B
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 and BS digital broadcasting; planning and production of musical compositions and programs, and animation programs; copyright ...
How the Company Makes Money
TV Tokyo Holdings Corporation generates earnings primarily through its consolidated media operations centered on TV broadcasting. Key revenue streams typically include (1) advertising sales tied to broadcast airtime (including spot commercials and...
TV Tokyo Holdings Corporation Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
70
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 164.91B | 155.84B | 148.59B | 150.96B | 148.07B |
| Gross Profit | 53.36B | 47.23B | 45.04B | 46.13B | 44.79B |
| EBITDA | 16.21B | 12.03B | 12.85B | 13.35B | 12.72B |
| Net Income | 7.70B | 6.04B | 6.74B | 6.72B | 6.02B |
Balance Sheet | |||||
| Total Assets | 155.78B | 147.84B | 147.09B | 139.93B | 134.08B |
| Cash, Cash Equivalents and Short-Term Investments | 49.65B | 42.16B | 40.60B | 42.18B | 38.57B |
| Total Debt | 6.37B | 6.57B | 6.61B | 6.55B | 5.21B |
| Total Liabilities | 48.22B | 45.94B | 47.82B | 46.58B | 44.24B |
| Stockholders Equity | 107.41B | 101.70B | 99.08B | 93.16B | 89.61B |
Cash Flow | |||||
| Free Cash Flow | 13.89B | 6.46B | 4.44B | 9.68B | 12.38B |
| Operating Cash Flow | 16.13B | 7.57B | 6.47B | 11.13B | 13.50B |
| Investing Cash Flow | -5.25B | -2.02B | -4.71B | -8.33B | -1.35B |
| Financing Cash Flow | -3.40B | -4.05B | -3.41B | -3.14B | -4.79B |
TV Tokyo Holdings Corporation Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥745.96B | 11.55 | 5.71% | 1.52% | 2.95% | 30.61% | |
71 Outperform | ¥312.19B | 11.29 | 6.46% | 2.17% | 4.11% | 4.48% | |
69 Neutral | ¥34.22B | 14.22 | ― | 1.67% | 0.32% | -50.06% | |
67 Neutral | ¥93.63B | 13.80 | ― | 1.71% | 2.13% | -9.91% | |
62 Neutral | ¥920.25B | 18.97 | 4.88% | 1.38% | 5.12% | 6.10% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | ¥602.63B | 42.01 | 0.88% | 3.00% | 8.80% | ― |
* Communication Services Sector Average
JP:9413
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TV Tokyo Holdings Corporation Corporate Events
TV Tokyo Holdings Profit Slides in Q1 but Full-Year Outlook and Dividend Intact
Jul 30, 2026
TV Tokyo Holdings reported a weak first quarter for the fiscal year ending March 31, 2027, with net sales falling 4.8% to ¥37.6 billion and operating profit dropping 53.1% to ¥1.5 billion from the previous year. Ordinary profit and profi...
TV Tokyo Holdings Q1 Results Highlight Weak Broadcasting, Strong Anime and Digital Distribution
Jul 30, 2026
TV Tokyo Holdings reported that consolidated net sales fell 4.8% to 37.6 billion yen in the first quarter of the fiscal year ending March 31, 2027, while operating income dropped 53.1% to 1.53 billion yen. The decline was driven by a 7.3% revenue ...
TV TOKYO Holdings Completes Restricted Stock Treasury Share Disposal
Jul 17, 2026
TV TOKYO Holdings Corporation has completed the payment procedures for the disposal of 92,322 treasury shares as restricted stock compensation, following a June 18, 2026 board resolution. The common shares were disposed at 3,535 yen per share, for...
TV TOKYO details ties with Nikkei while stressing editorial and management independence
Jun 22, 2026
TV TOKYO Holdings has clarified its relationship with major shareholder Nikkei Inc., which holds 33.11% of its voting rights and is classified as an “other related company” and de facto parent under Japanese regulations. Despite this e...
TV Tokyo Shareholders Approve Dividend, Virtual Meeting Option and Board Slate
Jun 22, 2026
TV Tokyo Holdings’ shareholders approved a year-end cash dividend of ¥85 per share, totaling approximately ¥2.26 billion, at the company’s 16th ordinary general meeting on June 18, 2026, rejecting a shareholder motion to rais...
TV Tokyo to Allocate Treasury Shares for Restricted Stock Compensation Plan
Jun 18, 2026
TV Tokyo Holdings will dispose of 92,322 treasury shares on July 17, 2026, at ¥3,535 per share, totaling about ¥326 million, to fund restricted stock compensation for 59 directors and executive officers at the parent company and its subs...
TV Tokyo Holdings Reshuffles Board and Senior Management
May 14, 2026
TV Tokyo Holdings Corporation announced a broad reshuffle of its leadership, resolving at its May 14 board meeting to maintain Hiroshi Yoshitsugu as representative CEO and president while promoting several senior managers to higher director roles....
TV Tokyo to Allow Virtual-Only Shareholder Meetings Under Amended Articles
May 14, 2026
TV TOKYO Holdings Corporation plans to amend its Articles of Incorporation to permit virtual-only general meetings of shareholders, subject to approval at its 16th Ordinary General Meeting on June 18, 2026. The change, enabled by revisions to Japa...
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.