TANABE CONSULTING GROUP CO. LTD (9644) AI Stock Analysis

• Market Cap: ¥24.53B
• Dividend Yield: 3.5%
• Average Volume (3M): 31.48K
• Price to Earnings (P/E): 22.4
• Beta (1Y): 0.94
• Revenue Growth: 15.91%
• EPS Growth: 36.39%
• Country: JP
• Employees: 800
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): 11.24
• Shares Outstanding: 34,000,000
• 10 Day Avg. Volume: 42,950
• 30 Day Avg. Volume: 31,483
• PEG Ratio: 0.32
• Price to Book (P/B): 1.90
• Price to Sales (P/S): 1.40
• P/FCF Ratio: 14.94
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ¥835.00 ▲(25.19% Upside)
• Action: Reiterated Date: 10/22/25
• Date: Action: Reiterated 10/22/25

TANABE CONSULTING GROUP's strong financial performance is the most significant factor, contributing to a high score. The company's robust cash flow and low leverage enhance its financial stability. However, technical indicators suggest potential short-term weakness, and the valuation is moderate, balancing the overall score.

Positive Factors

Cash generation

Sustained strong operating and free cash flow provides durable financial flexibility: it funds reinvestment in talent and services, supports dividends or buybacks, and cushions cyclical revenue swings. This reduces reliance on external financing and enables long-term strategic choices.

Low leverage / strong equity

A conservative capital structure and high equity ratio improve resilience to downturns and preserve borrowing capacity for strategic M&A or investments. Low leverage reduces fixed financial costs and supports consistent margins and investor returns over multi-quarter horizons.

Consistent revenue and margin strength

Repeated revenue growth (fundamentals show ~15.9%) and robust gross/EBIT margins indicate durable demand for advisory services and effective cost control. This combination supports sustainable profitability and cash conversion, enabling reinvestment in capabilities and long-term competitive positioning.

Negative Factors

Undisclosed revenue mix

Lacking detailed disclosure on service-line and client concentration makes it harder to assess revenue stability and recurring versus project-weighted streams. Over time, this opacity complicates forecasting resilience to client budget cycles and the sustainability of current margins.

Limited scale (headcount)

A modest headcount constrains capacity to simultaneously execute large, multi-market advisory mandates and to scale specialized practices quickly. Over the medium term this can limit market share expansion, pricing leverage on major global clients, and diversification of revenue sources.

Limited public guidance and corporate events

Absence of regular earnings call detail, guidance or notable corporate events reduces transparency into strategy, bookings and pipeline. Persistently limited public communication can hinder investor insight and suggests fewer disclosed structural initiatives that drive long-term growth visibility.

TANABE CONSULTING GROUP CO. LTD Business Overview & Revenue Model

Company Description

TANABE CONSULTING GROUP CO. LTD (9644) is a prominent consulting firm based in Japan, specializing in providing high-quality advisory services across various sectors including management, IT, and finance. The company focuses on delivering innovative solutions to enhance operational efficiency and strategic growth for its clients, which range from small businesses to large corporations. TANABE CONSULTING is known for its expertise in market analysis, project management, and digital transformation services, aiming to help organizations navigate complex challenges in a rapidly changing business environment.

How the Company Makes Money

TANABE CONSULTING GROUP generates revenue primarily through consulting fees charged for its advisory services. The company's revenue model is heavily reliant on project-based engagements, where clients pay for specific consulting projects or ongoing advisory support. Key revenue streams include management consulting, IT consulting, and financial advisory services. TANABE CONSULTING also benefits from long-term partnerships with various corporations and government entities, which provide steady income through retainer agreements and multi-year contracts. Additionally, the company may earn revenue from training programs and workshops designed to upskill client personnel, further diversifying its income sources.

TANABE CONSULTING GROUP CO. LTD Financial Statement Overview

Summary

TANABE CONSULTING GROUP exhibits strong financial health with consistent revenue and profit growth, strong margins, low leverage, and excellent cash flow generation. These factors suggest a stable and growing financial position with potential for continued success.

Income Statement

TANABE CONSULTING GROUP has demonstrated strong financial performance with consistent revenue growth, as seen in the increase from 2024 to 2025. The gross profit margin is robust, reflecting effective cost management. The EBIT and EBITDA margins indicate solid operational efficiency, while the net profit margin shows healthy profitability. Overall, the company displays a positive growth trajectory.

Balance Sheet

The company maintains a strong equity position with a high equity ratio, suggesting financial stability. The debt-to-equity ratio is low, indicating low leverage and reduced financial risk. Return on equity is solid, showing effective use of shareholder funds. The balance sheet reflects a healthy financial standing with a strong asset base.

Cash Flow

The cash flow statement reveals excellent cash generation capabilities, with significant free cash flow growth. The operating cash flow to net income ratio is strong, demonstrating efficient cash management. The free cash flow to net income ratio indicates that the company is generating ample cash relative to its profits, supporting future investments and financial flexibility.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	14.76B	14.54B	12.74B	11.76B	10.57B	9.21B
Gross Profit	6.69B	6.61B	5.47B	5.20B	4.79B	4.11B
EBITDA	1.74B	1.81B	1.22B	1.32B	1.08B	944.53M
Net Income	952.08M	1.02B	641.03M	724.47M	604.31M	498.47M
Balance Sheet
Total Assets	14.69B	14.33B	14.14B	14.41B	13.82B	13.41B
Cash, Cash Equivalents and Short-Term Investments	6.97B	7.67B	7.84B	8.37B	8.20B	8.08B
Total Debt	645.21M	256.96M	210.56M	190.57M	232.50M	176.50M
Total Liabilities	3.81B	3.19B	2.83B	2.70B	2.31B	1.98B
Stockholders Equity	10.27B	10.66B	10.91B	11.37B	11.21B	11.16B
Cash Flow
Free Cash Flow	0.00	1.36B	471.43M	798.28M	593.91M	197.40M
Operating Cash Flow	0.00	1.45B	632.23M	954.12M	619.78M	223.57M
Investing Cash Flow	0.00	1.90B	-439.12M	-1.10B	619.95M	1.43B
Financing Cash Flow	0.00	-1.33B	-1.23B	-582.81M	-619.03M	-408.20M

TANABE CONSULTING GROUP CO. LTD Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 667.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9644, the sentiment is Neutral. The current price of 667 is below the 20-day moving average (MA) of 737.35, below the 50-day MA of 741.22, and below the 200-day MA of 720.06, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 49.04 is Neutral, neither overbought nor oversold. The STOCH value of 65.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9644.

TANABE CONSULTING GROUP CO. LTD Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9644	72 Outperform	¥24.53B	22.44	―	3.50%	15.91%	36.39%
7033	71 Outperform	¥23.51B	12.55	―	2.18%	17.87%	5.31%
9168	68 Neutral	¥12.26B	8.15	―	1.04%	23.25%	14.29%
4763	66 Neutral	¥31.63B	9.05	―	2.71%	4.27%	27.62%
4792	64 Neutral	¥31.91B	13.95	―	4.39%	2.46%	-31.77%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9556	63 Neutral	¥26.72B	17.68	―	―	16.77%	39.98%

TANABE CONSULTING GROUP CO. LTD Corporate Events

Tanabe Consulting Group Launches Share Buyback to Boost Capital Efficiency

Tanabe Consulting Group has approved the acquisition of up to 300,000 of its own common shares, representing about 0.93% of its outstanding stock, through market purchases on the Tokyo Stock Exchange between February 24 and March 31, 2026, for a maximum outlay of 150 million yen. The buyback is part of a flexible capital allocation policy aimed at boosting capital efficiency, supporting its medium-term goal of achieving a 10% return on equity and reinforcing corporate value for shareholders.

The most recent analyst rating on (JP:9644) stock is a Buy with a Yen837.00 price target. To see the full list of analyst forecasts on TANABE CONSULTING GROUP CO. LTD stock, see the JP:9644 Stock Forecast page.

Tanabe Consulting Group Outlines Q3 FY2026 Results and Strategic Outlook

Tanabe Consulting Group Co., Ltd. released supplementary materials outlining its financial results for the third quarter of the fiscal year ending March 2026 and updated forecasts for the full fiscal year. The materials also detail the company’s shareholder return policy, progress on its 2021–2025 mid-term management plan, and an overview of its business operations and strengths, providing stakeholders with insight into its ongoing strategic direction and financial positioning.

By clarifying its financial outlook alongside medium-term initiatives, the company signals continued emphasis on structured growth and capital efficiency. The inclusion of shareholder returns and business strengths suggests a focus on reinforcing investor confidence and highlighting competitive advantages in the consulting market.

The most recent analyst rating on (JP:9644) stock is a Buy with a Yen834.00 price target. To see the full list of analyst forecasts on TANABE CONSULTING GROUP CO. LTD stock, see the JP:9644 Stock Forecast page.

Tanabe Consulting Posts Solid Nine-Month Profit Gain and Confirms Full-Year Outlook

Tanabe Consulting Group reported consolidated net sales of ¥12.36 billion for the nine months ended December 31, 2025, up 11.0% year on year, with operating profit rising 17.8% to ¥1.62 billion and profit attributable to owners of parent increasing 4.1% to ¥925 million. While earnings growth moderated compared with the previous year’s sharp gains, basic earnings per share still improved to ¥28.47, supported by solid consulting demand and higher comprehensive income.

The group’s financial position remained strong, with total assets of ¥14.79 billion and an equity-to-asset ratio of 70.9%, although the ratio declined slightly due to a modest drop in equity. The company maintained its dividend plan following an April 2025 two-for-one stock split, forecasting an annual dividend of ¥26.00 per share for the fiscal year ending March 31, 2026, and left its full-year guidance unchanged at ¥16.0 billion in sales and ¥1.07 billion in profit attributable to owners, signaling confidence in continued steady growth.

The most recent analyst rating on (JP:9644) stock is a Buy with a Yen834.00 price target. To see the full list of analyst forecasts on TANABE CONSULTING GROUP CO. LTD stock, see the JP:9644 Stock Forecast page.

Tanabe Consulting Group Completes ¥99.9 Million Share Buyback Program

Tanabe Consulting Group has completed a share buyback program authorized by its board on December 10, 2025, acquiring a total of 135,600 common shares for 99,947,500 yen through market purchases on the Tokyo Stock Exchange. Within the most recent period from January 1 to January 13, 2026, the company purchased 64,800 shares at a cost of 49,062,700 yen, effectively reaching the upper limit of the approved buyback budget and signaling an emphasis on capital efficiency and shareholder returns through treasury stock acquisition.

The most recent analyst rating on (JP:9644) stock is a Buy with a Yen757.00 price target. To see the full list of analyst forecasts on TANABE CONSULTING GROUP CO. LTD stock, see the JP:9644 Stock Forecast page.

Tanabe Consulting Group Advances Share Buyback With ¥50.9 Million Treasury Stock Acquisition

Tanabe Consulting Group has repurchased 70,800 of its common shares for a total of ¥50.88 million through market purchases on the Tokyo Stock Exchange between December 15 and December 31, 2025, under an ongoing share buyback program authorized by its board. The acquisition represents part of a broader resolution allowing buybacks of up to 200,000 shares or ¥100 million through January 31, 2026, signaling continued use of capital to enhance shareholder value and optimize its capital structure, which may support the company’s share price and improve capital efficiency for existing investors.

The most recent analyst rating on (JP:9644) stock is a Buy with a Yen795.00 price target. To see the full list of analyst forecasts on TANABE CONSULTING GROUP CO. LTD stock, see the JP:9644 Stock Forecast page.

Tanabe Consulting Group Announces Treasury Stock Acquisition Plan

Tanabe Consulting Group Co., Ltd. announced its decision to acquire treasury stock, aiming to improve capital efficiency and enhance corporate value. The acquisition involves up to 200,000 common shares, representing 0.62% of issued shares, with a budget of 100 million yen, to be executed through market purchases on the Tokyo Stock Exchange between December 15, 2025, and January 31, 2026.

The most recent analyst rating on (JP:9644) stock is a Buy with a Yen795.00 price target. To see the full list of analyst forecasts on TANABE CONSULTING GROUP CO. LTD stock, see the JP:9644 Stock Forecast page.