Toho Co (9602) AI Stock Analysis

• Market Cap: $1.49T
• Dividend Yield: 1.03%
• Average Volume (3M): 645.54K
• Price to Earnings (P/E): 30.0
• Beta (1Y): 0.05
• Revenue Growth: 10.99%
• EPS Growth: 2.35%
• Country: JP
• Employees: 3,617
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): N/A
• Shares Outstanding: 176,000,000
• 10 Day Avg. Volume: 946,210
• 30 Day Avg. Volume: 645,536
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.70
• Enterprise Value/Revenue: 3.35
• Enterprise Value/Gross Profit: 7.39
• Enterprise Value/Ebitda: 14.18
• 1Y Price Target: $9,362.29
• Price Target Upside: 4.57% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ¥10,196.00 ▲(13.88% Upside)

Toho Co's overall stock score is driven primarily by its strong financial performance, characterized by solid profitability and a robust balance sheet. Technical analysis presents mixed signals with short-term momentum concerns. The valuation suggests the stock may be overvalued, which slightly offsets the positive financial performance.

Toho Co Business Overview & Revenue Model

Company Description

Toho Co., Ltd. engages in the motion picture, theatrical production, and real estate businesses in Japan. It is involved in producing, buying/selling, and renting movies; producing and selling television programs, movie pamphlets, and video software; and business related to merchandising rights, and other activities. The company also engages in the planning, production, and performance of stage productions; and leasing of land/buildings, and others. Toho Co., Ltd. was incorporated in 1932 and is based in Tokyo, Japan.

How the Company Makes Money

Toho Co. makes money through a diversified revenue model primarily centered around its entertainment and real estate operations. The company's key revenue streams include box office sales from its cinema chain, revenue from film production and distribution, and income from its real estate holdings. Toho benefits significantly from its iconic franchises, such as Godzilla, which generate substantial box office revenues and merchandise sales. Additionally, the company partners with major studios for co-productions and distribution agreements, enhancing its revenue potential. Toho's real estate segment contributes to its earnings through leasing and managing commercial properties, providing a stable income source to complement its entertainment ventures.

Toho Co Financial Statement Overview

Summary

Toho Co demonstrates strong financial health with solid profitability, low leverage, and improving cash flow generation. Despite a recent decline in revenue growth, the company's efficient operations and strong balance sheet position it well to navigate industry challenges.

Income Statement

Toho Co's income statement shows strong profitability with a consistent gross profit margin around 46% and a net profit margin of approximately 13.8% in the TTM period. However, the revenue growth rate has turned negative in the TTM, indicating a potential slowdown in revenue generation. Despite this, EBIT and EBITDA margins remain healthy, reflecting efficient cost management.

Balance Sheet

The balance sheet is robust with a very low debt-to-equity ratio, indicating minimal leverage and financial risk. Return on equity is solid at around 9.5% in the TTM, showcasing effective use of shareholder funds. The equity ratio is strong, reflecting a stable financial position with a high proportion of assets funded by equity.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow growth in the TTM, suggesting enhanced cash generation capabilities. The operating cash flow to net income ratio is moderate, indicating a reasonable conversion of income into cash. However, the free cash flow to net income ratio is lower, suggesting some room for improvement in cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	312.07B	313.17B	283.35B	244.29B	228.37B	191.95B
Gross Profit	141.26B	138.71B	130.57B	108.63B	94.84B	68.46B
EBITDA	73.66B	81.18B	77.80B	61.84B	54.32B	33.28B
Net Income	38.77B	43.36B	45.28B	33.43B	29.57B	14.69B
Balance Sheet
Total Assets	667.99B	653.07B	615.83B	534.10B	502.53B	473.80B
Cash, Cash Equivalents and Short-Term Investments	88.62B	81.94B	79.93B	105.24B	133.05B	125.02B
Total Debt	1.83B	1.91B	3.35B	438.00M	104.00M	175.00M
Total Liabilities	164.80B	158.25B	131.07B	110.41B	93.35B	84.80B
Stockholders Equity	486.42B	478.39B	458.89B	409.31B	395.72B	375.82B
Cash Flow
Free Cash Flow	32.19B	19.09B	21.66B	28.48B	26.52B	3.00B
Operating Cash Flow	50.18B	51.62B	43.35B	45.40B	53.46B	12.51B
Investing Cash Flow	-22.27B	-18.46B	-62.71B	-9.18B	-36.03B	-27.23B
Financing Cash Flow	-36.01B	-39.30B	-11.63B	-19.13B	-12.48B	-17.22B

Toho Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8953.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9602, the sentiment is Negative. The current price of 8953 is below the 20-day moving average (MA) of 9401.20, below the 50-day MA of 9461.15, and above the 200-day MA of 8140.26, indicating a neutral trend. The MACD of -160.05 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 10.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9602.

Toho Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9605	―	¥376.74B	21.00	―	0.33%	5.14%	12.51%
3791	―	¥30.47B	36.72	―	1.08%	-4.66%	-56.66%
4816	―	¥632.96B	26.32	―	1.00%	5.92%	12.22%
9602	―	$1.49T	30.00	10.28%	1.03%	10.99%	2.35%
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
7860	―	€55.77B	754.20	0.09%	4.07%	9.39%	-37.75%
9601	―	¥175.10B	42.35	―	0.24%	14.49%	―

Toho Co Corporate Events

Toho Co. Announces Treasury Share Acquisition and Tender Offer

Toho Co., Ltd. has announced a resolution to acquire its treasury shares through a tender offer, as part of its strategy to enhance shareholder returns. This move aligns with the company’s mid-term plan to maintain a minimum annual dividend of 85 yen and a dividend payout ratio of 35% or more. The acquisition is also influenced by H2O Retailing Corporation’s decision to sell a portion of its shares in Toho as part of its own financial strategy, potentially impacting Toho’s shareholding structure.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen9300.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

TOHO Co. Revises Earnings Forecast Upwards Amid Strong Film Business Performance

TOHO Co., Ltd. has revised its full-year consolidated earnings forecasts for the fiscal year ending February 2026, reflecting a significant increase in expected operating revenue and profits. The upward revision is driven by the exceptional performance of its Film business, particularly due to the success of films like ‘Demon Slayer: Kimetsu no Yaiba Infinity Castle’ and ‘KOKUHO,’ along with strong results in its IP and Anime, Theatrical, and Real Estate segments. This adjustment indicates a positive outlook for the company’s financial performance, potentially benefiting stakeholders.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen9300.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

Toho Co. Reports Strong Financial Performance and Positive Outlook

Toho Co., Ltd. reported a 17.1% increase in operating revenue for the six months ended August 31, 2025, with a notable 26.3% rise in profit attributable to owners of the parent. The company has revised its earnings forecast for the fiscal year ending February 28, 2026, indicating a positive outlook with expected increases in operating revenue and profit, reflecting strong performance and strategic positioning in the market.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen9300.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

TOHO-TOWA Partners with Warner Bros. for Japanese Film Distribution

Toho-Towa Co., Ltd., a subsidiary of TOHO CO., LTD., has signed a multi-year agreement with Warner Bros. Motion Picture Group to distribute Warner Bros.’ Hollywood films in Japan starting in 2026. The agreement, which involves Towa Pictures Co., Ltd. handling marketing and TOHO CO., LTD. managing sales operations, is expected to have a minor impact on TOHO’s consolidated financial results.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen9972.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

Toho Co. Announces Increased Interim Dividend Payout

Toho Co., Ltd. announced a resolution to distribute an interim dividend from surplus, with a record date of August 31, 2025. The dividend per share is set at ¥42.5, marking an increase from the previous interim period. This decision reflects the company’s strong financial performance and commitment to returning value to shareholders.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen9972.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.