Toho Co (9602) AI Stock Analysis

• Market Cap: ¥1.58T
• Dividend Yield: 0.9%
• Average Volume (3M): 753.05K
• Price to Earnings (P/E): 41.5
• Beta (1Y): 0.06
• Revenue Growth: 5.73%
• EPS Growth: -19.25%
• Country: JP
• Employees: 3,617
• Sector: Communication Services
• Sector Strength: 71
• Industry: Entertainment
• EPS (TTM): 45.27
• Shares Outstanding: 176,000,000
• 10 Day Avg. Volume: 1,257,980
• 30 Day Avg. Volume: 753,046
• PEG Ratio: -2.66
• Price to Book (P/B): 3.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 86.20
• 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: ¥8,599.44
• Price Target Upside: -9.45% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 77 Outperform
• Price Target: ¥10,432.00 ▲(9.85%Upside)

Toho Co's strong financial performance is the most significant factor contributing to the overall stock score, reflecting robust growth, profitability, and financial stability. Technical analysis indicates strong bullish momentum, although slightly overbought conditions could pose a risk. The high P/E ratio indicates that the stock is valued with high growth expectations, but it may be overvalued relative to its earnings.

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., Ltd. generates revenue through multiple streams within the entertainment sector. A significant portion of its income comes from film production and distribution, where it not only produces movies but also distributes both domestic and international films across Japan. The company owns and operates a chain of cinemas, earning money from ticket sales, concessions, and advertising. Additionally, Toho benefits from licensing and merchandising of its well-known characters and franchises, such as Godzilla. The company also invests in real estate, leveraging its properties for commercial use, which adds another layer of financial stability. Partnerships with international film studios and participation in joint film projects further enhance its revenue potential.

Toho Co Financial Statement Overview

Summary

Toho Co presents a robust financial profile with strong growth and profitability in the income statement, a stable and low-leverage balance sheet, and efficient cash flow management. The company's consistent revenue and profit growth, coupled with low financial risk and healthy cash generation, position it well for future growth in the entertainment industry.

Income Statement

Toho Co's income statement shows strong growth and profitability. The company's revenue has consistently increased, with a notable revenue growth rate of 10.52% from 2024 to 2025. Gross profit margin stands at 44.28%, and net profit margin is 13.84% for 2025, both of which are strong indicators of profitability. The EBIT margin is 20.66%, and the EBITDA margin is 25.92%, reflecting efficient operations. Overall, the company demonstrates solid financial performance with robust margins and growth trends.

Balance Sheet

Toho Co maintains a healthy balance sheet with a low debt-to-equity ratio of 0.004, indicating minimal leverage and financial risk. The equity ratio is 73.24%, showcasing strong capitalization and stability. Return on Equity (ROE) is 9.06%, reflecting efficient use of shareholder funds. The company has a strong asset base and maintains a significant level of equity, suggesting resilience against market fluctuations.

Cash Flow

Toho Co's cash flow statement is solid, with a positive free cash flow of 19.085 billion yen in 2025. The operating cash flow to net income ratio is 1.19, indicating efficient cash conversion from profits. However, free cash flow has decreased compared to 2024, reflecting a decline in free cash flow growth rate. Despite this, the company maintains strong operating cash flows, supporting its financial stability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	313.17B	283.35B	244.29B	228.37B	191.95B
Gross Profit	138.71B	130.57B	108.63B	94.84B	68.46B
EBITDA	81.18B	77.80B	56.22B	54.32B	33.28B
Net Income	43.36B	45.28B	33.43B	29.57B	14.69B
Balance Sheet
Total Assets	653.07B	615.83B	534.10B	502.53B	473.80B
Cash, Cash Equivalents and Short-Term Investments	81.94B	79.93B	105.24B	95.21B	94.31B
Total Debt	1.91B	3.35B	438.00M	104.00M	175.00M
Total Liabilities	158.25B	131.07B	110.41B	93.35B	84.80B
Stockholders Equity	478.39B	458.89B	409.31B	395.72B	375.82B
Cash Flow
Free Cash Flow	19.09B	21.66B	28.48B	26.52B	3.00B
Operating Cash Flow	51.62B	43.35B	45.40B	53.46B	12.51B
Investing Cash Flow	-18.46B	-62.71B	-9.18B	-36.03B	-27.23B
Financing Cash Flow	-39.30B	-11.63B	-19.13B	-12.48B	-17.22B

Toho Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9497.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9602, the sentiment is Positive. The current price of 9497 is above the 20-day moving average (MA) of 8726.80, above the 50-day MA of 8176.74, and above the 200-day MA of 7105.01, indicating a bullish trend. The MACD of 455.60 indicates Negative momentum. The RSI at 77.14 is Negative, neither overbought nor oversold. The STOCH value of 85.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9602.

Toho Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9602	77 Outperform	¥1.58T	41.53	8.33%	0.90%	5.73%	-19.25%
9605	70 Neutral	¥374.59B	20.63		0.23%	5.01%	12.53%
Sector *	62 Neutral	$41.98B	-1.92	-12.06%	3.47%	2.10%	-71.01%
AX8	―	€334.34M	44.54	2.03%	4.19%	―	―
3791	69 Neutral	¥35.30B	40.55		0.85%	32.27%	-35.94%
4816	67 Neutral	¥674.74B	27.96		0.96%	5.28%	11.13%
9601	48 Neutral	¥179.77B	193.16		0.23%	5.41%	-28.32%

Toho Co Corporate Events

TOHO Co. Revises Earnings Forecast Following Securities Sale

TOHO Co., Ltd. announced an anticipated gain of 8.9 billion yen from the sale of investment securities, recorded as extraordinary income, as part of its strategy to reduce cross-shareholdings. This financial maneuver has prompted the company to revise its full-year earnings forecast for the fiscal year ending February 2026, projecting an increase in net profit attributable to owners of the parent by 6 billion yen, reflecting a 16% rise.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen7600.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

Toho Co., Ltd. Reports Decline in Q1 2025 Financial Performance

Toho Co., Ltd. reported a decrease in its financial performance for the three months ending May 31, 2025, with operating revenue slightly declining by 1.3% year-on-year. The company also experienced significant drops in operating profit and profit attributable to owners of the parent, indicating challenges in maintaining profitability amid market conditions.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen7600.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

TOHO Co., Ltd. to Sell Marui Group Shares in Strategic Move

TOHO Co., Ltd. has announced its decision to sell its entire holdings of 3,779,300 shares of Marui Group Co., Ltd. as part of a secondary offering. This move is aimed at reducing cross-shareholdings and is expected to result in an extraordinary profit for TOHO in the second quarter of the fiscal year ending February 2026.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen7600.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

Toho Co. Completes Treasury Share Disposition for Executive Remuneration

Toho Co., Ltd. has completed the payment for the disposition of treasury shares as restricted share remuneration, as resolved in the Board of Directors meeting on May 29, 2025. This move involves the allocation of 15,603 common shares to directors and executive officers, with a total disposition value of 119,550,186 Yen, potentially impacting the company’s governance and executive compensation structure.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen7600.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

Toho Co. Announces Treasury Share Disposition for Executive Incentives

Toho Co., Ltd. has announced a resolution to dispose of 15,603 treasury shares as restricted share remuneration for its directors and executive officers. This move is part of a plan to incentivize medium-to-long-term growth in corporate value and shareholder value, with a negligible dilution rate of 0.01%, reflecting the company’s strategic focus on aligning management interests with those of shareholders.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen7600.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

TOHO Co., Ltd. Announces Executive Restructuring to Enhance Strategic Operations

TOHO Co., Ltd. announced a restructuring of its executive leadership following its 136th Annual General Meeting. The changes, effective May 29, 2025, involve adjustments in the roles and responsibilities of several key executives, aiming to strengthen the company’s strategic planning and operational efficiency. This restructuring is expected to enhance TOHO’s market positioning and operational capabilities in the entertainment sector.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen7600.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

TOHO Co. Announces Dissolution of Subsidiary Following Theater Closure

TOHO CO., LTD. has announced the dissolution of its subsidiary, Kansai Kyouei Kougyo Co., Ltd., which managed the ‘Matsue Toho Five’ movie theater in Matsue City. The decision follows the closure of the theater in January 2025. The dissolution is expected to have a negligible impact on TOHO’s consolidated financial results.

The most recent analyst rating on (JP:9602) stock is a Hold with a Yen7600.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.

Toho Co. Completes Treasury Stock Cancellation

Toho Co., Ltd. announced the completion of the cancellation of 10,490,633 shares of its treasury stock, which accounted for 5.63% of its outstanding shares before cancellation. This move, resolved at a recent Board of Directors’ meeting, is expected to streamline the company’s capital structure and potentially enhance shareholder value.