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Tokyotokeiba Co., Ltd.
(9672)
Tokyotokeiba Co., Ltd. (9672) vs. iShares MSCI Japan ETF (EWJ)
Tokyotokeiba Co., Ltd. Business Overview & Revenue Model
Tokyotokeiba Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.08B | 40.44B | 37.54B | 35.45B | 31.80B | 28.79B |
| Gross Profit | 16.69B | 16.09B | 15.42B | 15.96B | 14.51B | 12.92B |
| EBITDA | 20.95B | 20.27B | 18.92B | 19.06B | 17.06B | 15.56B |
| Net Income | 10.04B | 9.71B | 8.45B | 9.39B | 9.08B | 5.18B |
Balance Sheet | ||||||
| Total Assets | 123.58B | 122.41B | 115.79B | 124.65B | 110.11B | 98.35B |
| Cash, Cash Equivalents and Short-Term Investments | 22.10B | 17.44B | 17.16B | 32.56B | 26.85B | 20.79B |
| Total Debt | 18.37B | 19.17B | 18.79B | 25.04B | 26.02B | 17.04B |
| Total Liabilities | 29.51B | 31.26B | 29.00B | 44.36B | 37.27B | 27.82B |
| Stockholders Equity | 93.91B | 91.03B | 86.72B | 80.29B | 72.85B | 70.53B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.66B | -7.08B | 7.82B | 3.45B | 9.76B |
| Operating Cash Flow | 0.00 | 16.10B | 12.80B | 14.68B | 14.37B | 13.18B |
| Investing Cash Flow | 0.00 | -8.63B | -8.73B | -14.84B | -10.82B | -4.61B |
| Financing Cash Flow | 0.00 | -5.36B | -8.28B | -2.76B | 2.20B | -2.58B |
Tokyotokeiba Co., Ltd. Technical Analysis
Tokyotokeiba Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥145.90B | 15.20 | ― | 0.30% | 10.26% | 6.31% | |
75 Outperform | ¥149.10B | 14.33 | ― | 1.78% | 4.04% | 4.80% | |
72 Outperform | ¥58.18B | 15.72 | ― | 2.88% | 12.39% | 9.81% | |
68 Neutral | ¥6.24B | 14.79 | ― | 2.41% | <0.01% | 23.81% | |
66 Neutral | ¥23.59B | 17.10 | ― | 0.76% | 20.69% | 17.46% | |
63 Neutral | ¥163.72B | 53.57 | ― | 0.49% | -1.00% | 5.32% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
Tokyotokeiba Co., Ltd. Corporate Events
Tokyotokeiba has revised its dividend policy for the five-year period covered by its Medium-Term Management Plan 2030, running from the fiscal year ending December 31, 2026 through 2030, to enhance shareholder returns in line with its focus on maximizing shareholder value. The company will lift its standard consolidated payout ratio from 30% to 35% and adopt an annual dividend guideline of ¥137 per share, up from a previous lower limit of ¥90, while retaining its practice of paying interim and year-end dividends and reserving the flexibility to adjust payouts in years when profits fluctuate significantly due to external factors, signaling a more shareholder-friendly capital allocation stance without compromising its commitment to stable, long-term operations.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
Tokyotokeiba has unveiled a five-year medium-term management plan, dubbed “Future-Oriented Space Creation Project: the 1st Furlong – Medium-Term Management Plan 2030,” to lay the groundwork for its 2035 long-term vision of becoming a leading creator of entertainment-centric community spaces. The plan prioritizes upgrading Oi Horse Racing through a new training center, enhancements to its SPAT4 system, and new fan information services, while simultaneously developing a world-class urban “entertainment racecourse” and transforming the Oi bay area into a landmark tourism hub; financially, the company is targeting FY2030 net sales of at least ¥48 billion and operating profit of at least ¥19 billion, average ROE of 10% or higher, disciplined leverage and an A credit rating, approximately ¥75 billion of strategic investment funded by about ¥90 billion in operating cash flow, and a standard dividend payout ratio of 35%, all underpinned by a revamped human capital strategy and ESG initiatives focused on place, planet, and people.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
Tokyotokeiba Co., Ltd. has completed a share buyback program authorized by its board on December 19, 2025, repurchasing 653,400 common shares for approximately 3.85 billion yen through the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system on December 22, 2025. The initiative, undertaken to enable a more flexible capital policy and improve capital efficiency, nearly reached the board-approved ceiling of 680,000 shares and 4.1 billion yen, signaling an active stance on capital management and potential support for shareholder returns and the company’s market valuation.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
Tokyotokeiba Co., Ltd. has approved a share buyback and subsequent cancellation of treasury shares as part of its capital policy aimed at improving capital efficiency and enhancing shareholder value. The company plans to repurchase up to 680,000 common shares, or about 2.55% of its outstanding shares excluding treasury stock, for a maximum of ¥4.1 billion via the Tokyo Stock Exchange’s ToSTNeT-3 off-auction trading system at the December 19, 2025 closing price of ¥5,890, with the transaction scheduled for December 22, 2025 and the repurchased shares to be cancelled on January 30, 2026. This move reduces the share count and is intended to strengthen shareholder returns, though the company notes that market conditions could limit the full execution of the planned buyback.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
Tokyotokeiba Co., Ltd. has approved the acquisition of approximately 810,000 square meters of land in Ichihara City, Chiba Prefecture, to build a new training center and relocate stables as part of its broader redevelopment of the Oi Racecourse. The land, to be purchased at a fair, objectively valued price and funded through a mix of internal funds and borrowings, underpins the company’s strategy to develop stronger racehorses and further promote Oi Horse Racing, with management emphasizing that the financial impact on the current fiscal year will be minimal, as most related capital expenditures will occur in future periods.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
TOKYOTOKEIBA has unveiled a five-year medium-term management plan, “Future-Oriented Space Creation Project: the 1st Furlong – Medium-Term Management Plan 2030,” covering fiscal years 2026–2030 as the first phase toward its 2035 long-term vision. The plan centers on upgrading Oi Horse Racing as a model for public competitions through a new training center, SPAT4 system enhancements, and new fan information services, while simultaneously developing a world-class urban “entertainment racecourse” and an attractive bay-area landmark community around the Oi Racecourse. Financially, the company targets FY2030 net sales of at least ¥48 billion and operating profit of at least ¥19 billion, implying roughly 3% and 5% average annual growth, alongside a five-year average ROE of 10% or higher, controlled leverage, and a standard dividend payout ratio of 35%. Backed by an expected ¥90 billion in operating cash flow, TOKYOTOKEIBA plans approximately ¥75 billion of strategic investment focused on entertainment-racecourse and racing-related projects, while maintaining financial discipline and enhancing shareholder returns. The company is also rolling out a new personnel system and organizational structure to strengthen human capital, and advancing ESG initiatives under the themes of PLACE, PLANET, and PEOPLE, aiming to balance sustainable societal contributions with the group’s growth.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
Tokyotokeiba Co., Ltd. announced that outside director and independent officer Koji Sato passed away on December 14, 2025, resulting in his retirement from the board as of that date, and the company expressed gratitude for his contributions. The company emphasized that, despite this change, the number of directors continues to satisfy legal and Articles of Incorporation requirements, indicating that governance and board structure remain compliant and operationally unaffected for stakeholders.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
Tokyotokeiba Co., Ltd. reported a 3.2% increase in net sales and a 9.0% rise in ordinary profit for the nine months ending September 30, 2025, compared to the same period in 2024. The company also announced a revision in its dividend forecast, reflecting a positive outlook for the fiscal year ending December 31, 2025, which indicates a stable financial position and potential growth opportunities for stakeholders.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
Tokyotokeiba Co., Ltd. has revised its financial and dividend forecasts for the fiscal year ending December 31, 2025, due to higher-than-expected sales from its online betting services and effective cost management. The company anticipates increased profits and has adjusted its dividend forecast to reflect a higher payout, indicating a strong financial performance and commitment to shareholder returns.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
TOKYOTOKEIBA Co., Ltd. has announced an enhancement to its shareholder benefit program, effective from the end of December 2025. The new benefits include a restaurant voucher for shareholders, aiming to express gratitude and increase the appeal of the company’s stock. This change reflects the company’s strategy to provide better returns and foster a deeper understanding of its business among shareholders.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.