View Future GrowthTosho 過去の業績過去 基準チェック /56Toshoは、平均年間3.1%の収益成長を遂げていますが、 Hospitality業界の収益は、年間 成長しています。収益は、平均年間34.1% 8.4%収益成長率で 成長しています。 Toshoの自己資本利益率は10.7%であり、純利益率は12.7%です。主要情報3.13%収益成長率3.87%EPS成長率Hospitality 業界の成長7.31%収益成長率8.38%株主資本利益率10.74%ネット・マージン12.73%前回の決算情報30 Jun 2026最近の業績更新Reported Earnings • Aug 04First quarter 2027 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2027 results: EPS: JP¥21.03 (down from JP¥22.95 in 1Q 2026). Revenue: JP¥6.49b (down 10% from 1Q 2026). Net income: JP¥748.0m (down 15% from 1Q 2026). Profit margin: 12% (in line with 1Q 2026). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 9.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • Jun 26Tosho Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026Tosho Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026お知らせ • May 10Tosho Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Tosho Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026Reported Earnings • Feb 05Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥27.35 (up from JP¥24.67 in 3Q 2025). Revenue: JP¥7.11b (down 55% from 3Q 2025). Net income: JP¥1.02b (up 7.6% from 3Q 2025). Profit margin: 14% (up from 6.0% in 3Q 2025). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.お知らせ • Dec 02Tosho Co., Ltd. to Report Q3, 2026 Results on Feb 03, 2026Tosho Co., Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026分析記事 • Nov 19Statutory Profit Doesn't Reflect How Good Tosho's (TSE:8920) Earnings AreTosho Co., Ltd. ( TSE:8920 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...すべての更新を表示Recent updatesReported Earnings • Aug 04First quarter 2027 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2027 results: EPS: JP¥21.03 (down from JP¥22.95 in 1Q 2026). Revenue: JP¥6.49b (down 10% from 1Q 2026). Net income: JP¥748.0m (down 15% from 1Q 2026). Profit margin: 12% (in line with 1Q 2026). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 9.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 25Final dividend of JP¥5.00 announcedShareholders will receive a dividend of JP¥5.00. Ex-date: 29th September 2026 Payment date: 9th December 2026 Dividend yield will be 1.3%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to decline by 3.1% over the next 3 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jun 26Tosho Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026Tosho Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • May 13Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026.お知らせ • May 10Tosho Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Tosho Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.9%).Major Estimate Revision • Feb 17Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥65.40 to JP¥80.70. Revenue forecast steady at JP¥27.8b. Net income forecast to grow 84% next year vs 17% growth forecast for Hospitality industry in Japan. Consensus price target of JP¥1,025 unchanged from last update. Share price rose 4.3% to JP¥972 over the past week.Reported Earnings • Feb 05Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥27.35 (up from JP¥24.67 in 3Q 2025). Revenue: JP¥7.11b (down 55% from 3Q 2025). Net income: JP¥1.02b (up 7.6% from 3Q 2025). Profit margin: 14% (up from 6.0% in 3Q 2025). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.分析記事 • Feb 04These 4 Measures Indicate That Tosho (TSE:8920) Is Using Debt SafelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...New Risk • Feb 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥906, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Hospitality industry in Japan. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥923 per share.お知らせ • Feb 03Tosho Co., Ltd. (TSE:8920) announces an Equity Buyback for 2,000,000 shares, representing 5.42% for ¥1,600 million.Tosho Co., Ltd. (TSE:8920) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 5.42% of the outstanding shares, for ¥1,600 million. The purpose of the program is to improve shareholder returns by implementing flexible capital policies in response to the business environment and by improving capital efficiency. The program is valid till July 31, 2026. As of end of January 2026, the company had 36,933,007 shares outstanding (excluding treasury stock) and 1,381,993 shares in treasury.Price Target Changed • Dec 31Price target decreased by 38% to JP¥835Down from JP¥1,357, the current price target is an average from 2 analysts. New target price is 7.1% above last closing price of JP¥780. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥65.40 for next year compared to JP¥32.06 last year.Declared Dividend • Dec 10First half dividend of JP¥5.00 announcedShareholders will receive a dividend of JP¥5.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 1.3%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 02Tosho Co., Ltd. to Report Q3, 2026 Results on Feb 03, 2026Tosho Co., Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026分析記事 • Nov 19Statutory Profit Doesn't Reflect How Good Tosho's (TSE:8920) Earnings AreTosho Co., Ltd. ( TSE:8920 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...分析記事 • Nov 11Tosho Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsTosho Co., Ltd. ( TSE:8920 ) came out with its half-year results last week, and we wanted to see how the business is...Reported Earnings • Nov 08Second quarter 2026 earnings: EPS exceeds analyst expectationsSecond quarter 2026 results: EPS: JP¥21.78 (down from JP¥25.56 in 2Q 2025). Revenue: JP¥6.60b (down 15% from 2Q 2025). Net income: JP¥823.0m (down 16% from 2Q 2025). Profit margin: 13% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 44%. Revenue is expected to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 9.3%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (0.8%).Reported Earnings • Aug 07First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥22.95 (up from JP¥9.66 in 1Q 2025). Revenue: JP¥7.25b (up 18% from 1Q 2025). Net income: JP¥878.0m (up 137% from 1Q 2025). Profit margin: 12% (up from 6.0% in 1Q 2025). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 121%. Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • Aug 06Tosho Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025Tosho Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025Declared Dividend • Jul 09Final dividend of JP¥3.00 announcedShareholders will receive a dividend of JP¥3.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 1.0%, which is higher than the industry average of 0.6%.Price Target Changed • Jul 01Price target increased by 27% to JP¥1,660Up from JP¥1,309, the current price target is an average from 3 analysts. New target price is 174% above last closing price of JP¥606. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥58.27 for next year compared to JP¥32.06 last year.お知らせ • Jun 27Tosho Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025Tosho Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025分析記事 • May 20We Think Tosho's (TSE:8920) Profit Is Only A Baseline For What They Can AchieveTosho Co., Ltd.'s ( TSE:8920 ) strong earnings report was rewarded with a positive stock price move. We have done some...Reported Earnings • May 17Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥32.06 (up from JP¥58.19 loss in FY 2024). Revenue: JP¥35.6b (up 15% from FY 2024). Net income: JP¥1.23b (up JP¥3.46b from FY 2024). Profit margin: 3.4% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is expected to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 6.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.お知らせ • May 16Tosho Co., Ltd. (TSE:8920) announces an Equity Buyback for 2,680,000 shares, representing 7% for ¥1,500 million.Tosho Co., Ltd. (TSE:8920) announces a share repurchase program. Under the program, the company will repurchase up to 2,680,000 shares, representing 2.7% of the outstanding shares, for ¥1,500 million. The purpose of the program is to improve shareholder returns by implementing flexible capital policies in response to the business environment and by improving capital efficiency. The program is valid till November 28, 2025. As of March 31, 2025, the company had 38,305,907 shares outstanding (excluding treasury stock) and 9,093 shares in treasury.お知らせ • May 13Tosho Co., Ltd., Annual General Meeting, Jun 19, 2025Tosho Co., Ltd., Annual General Meeting, Jun 19, 2025.分析記事 • Apr 07Some Tosho Co., Ltd. (TSE:8920) Shareholders Look For Exit As Shares Take 28% PoundingTosho Co., Ltd. ( TSE:8920 ) shareholders that were waiting for something to happen have been dealt a blow with a 28...New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Upcoming Dividend • Mar 21Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (0.8%).お知らせ • Mar 01Tosho Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Tosho Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025Reported Earnings • Feb 08Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: JP¥24.67 (up from JP¥8.75 in 3Q 2024). Revenue: JP¥15.7b (up 139% from 3Q 2024). Net income: JP¥945.0m (up 182% from 3Q 2024). Profit margin: 6.0% (up from 5.1% in 3Q 2024). Revenue exceeded analyst estimates by 56%. Earnings per share (EPS) also surpassed analyst estimates by 136%. Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 6.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Declared Dividend • Dec 11First half dividend increased to JP¥3.00Dividend of JP¥3.00 is 50% higher than last year. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 0.8%, which is higher than the industry average of 0.6%.お知らせ • Dec 03Tosho Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025Tosho Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025Reported Earnings • Nov 10Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: JP¥25.56 (up from JP¥8.85 in 2Q 2024). Revenue: JP¥7.75b (up 22% from 2Q 2024). Net income: JP¥979.0m (up 189% from 2Q 2024). Profit margin: 13% (up from 5.4% in 2Q 2024). Revenue missed analyst estimates by 33%. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 6.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Sep 20Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 12 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (0.8%).分析記事 • Sep 04Revenues Not Telling The Story For Tosho Co., Ltd. (TSE:8920) After Shares Rise 31%Those holding Tosho Co., Ltd. ( TSE:8920 ) shares would be relieved that the share price has rebounded 31% in the last...分析記事 • Aug 31Analysts Just Made A Decent Upgrade To Their Tosho Co., Ltd. (TSE:8920) ForecastsShareholders in Tosho Co., Ltd. ( TSE:8920 ) may be thrilled to learn that the analysts have just delivered a major...お知らせ • Aug 28Tosho Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024Tosho Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024Reported Earnings • Aug 14First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: JP¥9.66 (up from JP¥9.42 in 1Q 2024). Revenue: JP¥6.14b (down 1.1% from 1Q 2024). Net income: JP¥370.0m (up 2.5% from 1Q 2024). Profit margin: 6.0% (up from 5.8% in 1Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 7.4%. Revenue is forecast to stay flat during the next 3 years compared to a 6.8% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.分析記事 • Aug 02Does Tosho (TSE:8920) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Declared Dividend • Jul 11Final dividend of JP¥2.00 announcedShareholders will receive a dividend of JP¥2.00. Ex-date: 27th September 2024 Payment date: 12th December 2024 Dividend yield will be 0.5%, which is about the same as the industry average. Payout Ratios Payout ratio: 14%. Cash payout ratio: 2%.お知らせ • Jun 21Tosho Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024Tosho Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024Reported Earnings • May 12Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: JP¥58.19 loss per share (down from JP¥22.37 profit in FY 2023). Revenue: JP¥30.9b (up 37% from FY 2023). Net loss: JP¥2.23b (down 360% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 25% per year.お知らせ • May 12Tosho Co., Ltd., Annual General Meeting, Jun 19, 2024Tosho Co., Ltd., Annual General Meeting, Jun 19, 2024.Price Target Changed • May 11Price target decreased by 24% to JP¥1,423Down from JP¥1,873, the current price target is an average from 3 analysts. New target price is 105% above last closing price of JP¥693. Stock is down 45% over the past year. The company is forecast to post earnings per share of JP¥36.80 for next year compared to JP¥22.37 last year.Major Estimate Revision • May 11Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥28.2b to JP¥25.9b. EPS estimate also fell from JP¥56.94 per share to JP¥42.92 per share. Net income forecast to grow 40% next year vs 27% growth forecast for Hospitality industry in Japan. Consensus price target down from JP¥1,873 to JP¥1,423. Share price was steady at JP¥693 over the past week.Upcoming Dividend • Mar 21Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (0.6%).Buy Or Sell Opportunity • Mar 18Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥782. The fair value is estimated to be JP¥650, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 201% in the next 2 years.お知らせ • Mar 02Tosho Co., Ltd. to Report Q4, 2024 Results on May 10, 2024Tosho Co., Ltd. announced that they will report Q4, 2024 results on May 10, 2024Buy Or Sell Opportunity • Feb 13Now 21% overvaluedOver the last 90 days, the stock has fallen 3.0% to JP¥789. The fair value is estimated to be JP¥652, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 201% in the next 2 years.Reported Earnings • Feb 02Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: JP¥8.75 (up from JP¥7.62 in 3Q 2023). Revenue: JP¥6.56b (up 12% from 3Q 2023). Net income: JP¥335.0m (up 15% from 3Q 2023). Profit margin: 5.1% (in line with 3Q 2023). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Jan 19Now 20% overvaluedOver the last 90 days, the stock has fallen 12% to JP¥865. The fair value is estimated to be JP¥718, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 135% in the next 2 years.お知らせ • Nov 27Tosho Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Tosho Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (4.5% net profit margin).Buying Opportunity • Nov 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 34%. The fair value is estimated to be JP¥1,058, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 39% in 2 years. Earnings is forecast to grow by 220% in the next 2 years.Reported Earnings • Nov 02Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: JP¥8.85 (up from JP¥6.66 in 2Q 2023). Revenue: JP¥6.33b (up 13% from 2Q 2023). Net income: JP¥339.0m (up 33% from 2Q 2023). Profit margin: 5.4% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 21Upcoming dividend of JP¥2.00 per share at 0.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (0.5%).お知らせ • Aug 30Tosho Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Tosho Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023Reported Earnings • Jul 29First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: JP¥9.42 (up from JP¥5.61 in 1Q 2023). Revenue: JP¥6.21b (up 19% from 1Q 2023). Net income: JP¥361.0m (up 68% from 1Q 2023). Profit margin: 5.8% (up from 4.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 131%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • May 28Tosho Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023Tosho Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023お知らせ • May 13Tosho Co., Ltd., Annual General Meeting, Jun 29, 2023Tosho Co., Ltd., Annual General Meeting, Jun 29, 2023.Reported Earnings • May 12Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥22.37 (down from JP¥63.28 in FY 2022). Revenue: JP¥22.5b (down 18% from FY 2022). Net income: JP¥857.0m (down 65% from FY 2022). Profit margin: 3.8% (down from 8.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per share at 0.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 9.4% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (0.5%).Reported Earnings • Feb 01Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: JP¥7.62 (down from JP¥10.31 in 3Q 2022). Revenue: JP¥5.86b (up 6.3% from 3Q 2022). Net income: JP¥292.0m (down 26% from 3Q 2022). Profit margin: 5.0% (down from 7.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 71%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Nov 27Tosho Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023Tosho Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Osamu Kikuchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 02Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: JP¥6.66 (up from JP¥4.65 in 2Q 2022). Revenue: JP¥5.59b (up 13% from 2Q 2022). Net income: JP¥255.0m (up 43% from 2Q 2022). Profit margin: 4.6% (up from 3.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 57%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥1.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 13 December 2022. Payout ratio is a comfortable 9.3% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (0.5%).Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥1,244, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 26x in the Hospitality industry in Japan. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥979 per share.お知らせ • Sep 01Tosho Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022Tosho Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022Reported Earnings • Jul 31First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: JP¥5.61 (up from JP¥4.62 in 1Q 2022). Revenue: JP¥5.24b (up 10% from 1Q 2022). Net income: JP¥215.0m (up 22% from 1Q 2022). Profit margin: 4.1% (up from 3.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is expected to shrink by 15% compared to a 37% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Jun 24Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥23.3b to JP¥22.9b. EPS estimate also fell from JP¥63.12 per share to JP¥51.79 per share. Net income forecast to shrink 18% next year vs 2.7% decline forecast for Hospitality industry in Japan. Consensus price target down from JP¥2,133 to JP¥1,733. Share price fell 6.5% to JP¥1,170 over the past week.お知らせ • May 29Tosho Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022Tosho Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥23.9b to JP¥23.3b. EPS estimate rose from JP¥67.75 to JP¥82.43. Net income forecast to grow 30% next year vs 3.2% growth forecast for Hospitality industry in Japan. Consensus price target down from JP¥2,500 to JP¥2,133. Share price was steady at JP¥1,299 over the past week.お知らせ • May 12Tosho Co., Ltd., Annual General Meeting, Jun 28, 2022Tosho Co., Ltd., Annual General Meeting, Jun 28, 2022.Reported Earnings • May 11Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥63.28 (up from JP¥5.67 in FY 2021). Revenue: JP¥27.3b (up 55% from FY 2021). Net income: JP¥2.42b (up JP¥2.21b from FY 2021). Profit margin: 8.9% (up from 1.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Over the next year, revenue is expected to shrink by 13% compared to a 50% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to JP¥1,259, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Hospitality industry in Japan. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥947 per share.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Mitsuo Maruyama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 08Tosho Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022Tosho Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (0.4%).Major Estimate Revision • Feb 12Consensus revenue estimates increase by 15%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from JP¥21.0b to JP¥24.1b. EPS estimate increased from JP¥48.96 to JP¥57.88 per share. Net income forecast to grow 224% next year vs 32% growth forecast for Hospitality industry in Japan. Consensus price target up from JP¥2,333 to JP¥2,500. Share price rose 5.3% to JP¥1,696 over the past week.Price Target Changed • Feb 12Price target increased to JP¥2,500Up from JP¥2,333, the current price target is an average from 3 analysts. New target price is 47% above last closing price of JP¥1,696. Stock is down 2.8% over the past year. The company is forecast to post earnings per share of JP¥57.88 for next year compared to JP¥5.66 last year.Reported Earnings • Feb 04Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: JP¥10.31 (up from JP¥8.07 in 3Q 2021). Revenue: JP¥5.51b (up 8.2% from 3Q 2021). Net income: JP¥395.0m (up 28% from 3Q 2021). Profit margin: 7.2% (up from 6.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 37%. Over the next year, revenue is forecast to grow 18%, compared to a 66% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 31Second quarter 2022 earnings released: EPS JP¥4.65 (vs JP¥9.97 in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.94b (down 1.6% from 2Q 2021). Net income: JP¥178.0m (down 53% from 2Q 2021). Profit margin: 3.6% (down from 7.6% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 03First quarter 2022 earnings released: EPS JP¥4.62 (vs JP¥12.97 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.76b (up 63% from 1Q 2021). Net income: JP¥177.0m (up JP¥674.0m from 1Q 2021). Profit margin: 3.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year and the company’s share price has also fallen by 26% per year.Major Estimate Revision • Jun 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥35.50 to JP¥50.35. Revenue forecast steady at JP¥21.9b. Net income forecast to grow 788% next year vs 70% growth forecast for Hospitality industry in Japan. Consensus price target up from JP¥2,200 to JP¥2,267. Share price fell 4.5% to JP¥1,878 over the past week.Major Estimate Revision • May 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥21.0b to JP¥21.7b. EPS estimate fell from JP¥50.50 to JP¥35.50 per share. Net income forecast to grow 527% next year vs 65% growth forecast for Hospitality industry in Japan. Consensus price target broadly unchanged at JP¥2,200. Share price was steady at JP¥1,828 over the past week.Reported Earnings • May 10Full year 2021 earnings released: EPS JP¥5.67 (vs JP¥151 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥17.6b (down 49% from FY 2020). Net income: JP¥217.0m (down 96% from FY 2020). Profit margin: 1.2% (down from 17% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.Price Target Changed • Apr 01Price target increased to JP¥2,233Up from JP¥2,067, the current price target is an average from 3 analysts. New target price is 20% above last closing price of JP¥1,858. Stock is up 125% over the past year.Major Estimate Revision • Apr 01Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from JP¥6.50 to JP¥8.82. Revenue forecast steady at JP¥17.6b. Net income forecast to shrink 45% next year vs 34% growth forecast for Hospitality industry in Japan . Consensus price target up from JP¥2,067 to JP¥2,233. Share price was steady at JP¥1,858 over the past week.Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (0.5%).お知らせ • Mar 04Tosho Co., Ltd. to Report Fiscal Year 2021 Results on May 07, 2021Tosho Co., Ltd. announced that they will report fiscal year 2021 results on May 07, 2021収支内訳Tosho の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:8920 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費30 Jun 2626,8413,4181,500031 Mar 2627,5953,5481,506031 Dec 2526,9931,6521,444030 Sep 2535,5731,5801,403030 Jun 2536,7231,7361,621031 Mar 2535,6191,2281,666031 Dec 2441,408-9701,758030 Sep 2432,276-1,5801,850030 Jun 2430,856-2,2201,673031 Mar 2430,927-2,2291,621031 Dec 2324,9141,1301,617030 Sep 2324,2121,0871,485030 Jun 2323,4791,0031,426031 Mar 2322,5068571,413031 Dec 2228,8012,4361,467030 Sep 2228,4562,5391,483030 Jun 2227,8012,4621,492031 Mar 2227,3192,4241,439031 Dec 2119,7987731,361030 Sep 2119,3816871,364030 Jun 2119,4598911,498031 Mar 2117,6252171,577031 Dec 2026,0602,7841,952030 Sep 2028,1763,6892,233030 Jun 2030,2464,3272,200031 Mar 2034,4665,8032,441031 Dec 1928,3283,9702,167030 Sep 1928,1563,8812,108030 Jun 1927,8314,0002,346031 Mar 1927,2394,0232,350031 Dec 1826,6094,1712,400030 Sep 1825,7584,0332,393030 Jun 1825,0314,0192,189031 Mar 1824,1383,7662,233031 Dec 1723,3443,8552,231030 Sep 1722,5633,8002,148030 Jun 1721,9313,6992,044031 Mar 1721,3503,7261,898031 Dec 1620,8043,4971,997030 Sep 1620,2663,4281,833030 Jun 1619,6503,2311,779031 Mar 1619,2243,1561,601031 Dec 1518,6643,0151,6150質の高い収益: 8920は 高品質の収益 を持っています。利益率の向上: 8920の現在の純利益率 (12.7%)は、昨年(4.7%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 8920の収益は過去 5 年間で年間3.1%増加しました。成長の加速: 8920の過去 1 年間の収益成長率 ( 96.9% ) は、5 年間の平均 ( 年間3.1%を上回っています。収益対業界: 8920の過去 1 年間の収益成長率 ( 96.9% ) はHospitality業界18.1%を上回りました。株主資本利益率高いROE: 8920の 自己資本利益率 ( 10.7% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-services 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/12 23:53終値2026/08/12 00:00収益2026/06/30年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Tosho Co., Ltd. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Junichi ShimizuDeutsche BankYukiko NonamiGoldman SachsSeiichiro SamejimaIchiyoshi Research Institute Inc.4 その他のアナリストを表示
Reported Earnings • Aug 04First quarter 2027 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2027 results: EPS: JP¥21.03 (down from JP¥22.95 in 1Q 2026). Revenue: JP¥6.49b (down 10% from 1Q 2026). Net income: JP¥748.0m (down 15% from 1Q 2026). Profit margin: 12% (in line with 1Q 2026). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 9.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • Jun 26Tosho Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026Tosho Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026
お知らせ • May 10Tosho Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Tosho Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026
Reported Earnings • Feb 05Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥27.35 (up from JP¥24.67 in 3Q 2025). Revenue: JP¥7.11b (down 55% from 3Q 2025). Net income: JP¥1.02b (up 7.6% from 3Q 2025). Profit margin: 14% (up from 6.0% in 3Q 2025). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
お知らせ • Dec 02Tosho Co., Ltd. to Report Q3, 2026 Results on Feb 03, 2026Tosho Co., Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026
分析記事 • Nov 19Statutory Profit Doesn't Reflect How Good Tosho's (TSE:8920) Earnings AreTosho Co., Ltd. ( TSE:8920 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Reported Earnings • Aug 04First quarter 2027 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2027 results: EPS: JP¥21.03 (down from JP¥22.95 in 1Q 2026). Revenue: JP¥6.49b (down 10% from 1Q 2026). Net income: JP¥748.0m (down 15% from 1Q 2026). Profit margin: 12% (in line with 1Q 2026). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) exceeded analyst estimates by 9.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 25Final dividend of JP¥5.00 announcedShareholders will receive a dividend of JP¥5.00. Ex-date: 29th September 2026 Payment date: 9th December 2026 Dividend yield will be 1.3%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to decline by 3.1% over the next 3 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jun 26Tosho Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026Tosho Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026
New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • May 13Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026.
お知らせ • May 10Tosho Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026Tosho Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.9%).
Major Estimate Revision • Feb 17Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥65.40 to JP¥80.70. Revenue forecast steady at JP¥27.8b. Net income forecast to grow 84% next year vs 17% growth forecast for Hospitality industry in Japan. Consensus price target of JP¥1,025 unchanged from last update. Share price rose 4.3% to JP¥972 over the past week.
Reported Earnings • Feb 05Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥27.35 (up from JP¥24.67 in 3Q 2025). Revenue: JP¥7.11b (down 55% from 3Q 2025). Net income: JP¥1.02b (up 7.6% from 3Q 2025). Profit margin: 14% (up from 6.0% in 3Q 2025). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
分析記事 • Feb 04These 4 Measures Indicate That Tosho (TSE:8920) Is Using Debt SafelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
New Risk • Feb 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥906, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Hospitality industry in Japan. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥923 per share.
お知らせ • Feb 03Tosho Co., Ltd. (TSE:8920) announces an Equity Buyback for 2,000,000 shares, representing 5.42% for ¥1,600 million.Tosho Co., Ltd. (TSE:8920) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 5.42% of the outstanding shares, for ¥1,600 million. The purpose of the program is to improve shareholder returns by implementing flexible capital policies in response to the business environment and by improving capital efficiency. The program is valid till July 31, 2026. As of end of January 2026, the company had 36,933,007 shares outstanding (excluding treasury stock) and 1,381,993 shares in treasury.
Price Target Changed • Dec 31Price target decreased by 38% to JP¥835Down from JP¥1,357, the current price target is an average from 2 analysts. New target price is 7.1% above last closing price of JP¥780. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥65.40 for next year compared to JP¥32.06 last year.
Declared Dividend • Dec 10First half dividend of JP¥5.00 announcedShareholders will receive a dividend of JP¥5.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 1.3%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 02Tosho Co., Ltd. to Report Q3, 2026 Results on Feb 03, 2026Tosho Co., Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026
分析記事 • Nov 19Statutory Profit Doesn't Reflect How Good Tosho's (TSE:8920) Earnings AreTosho Co., Ltd. ( TSE:8920 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
分析記事 • Nov 11Tosho Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsTosho Co., Ltd. ( TSE:8920 ) came out with its half-year results last week, and we wanted to see how the business is...
Reported Earnings • Nov 08Second quarter 2026 earnings: EPS exceeds analyst expectationsSecond quarter 2026 results: EPS: JP¥21.78 (down from JP¥25.56 in 2Q 2025). Revenue: JP¥6.60b (down 15% from 2Q 2025). Net income: JP¥823.0m (down 16% from 2Q 2025). Profit margin: 13% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 44%. Revenue is expected to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 9.3%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (0.8%).
Reported Earnings • Aug 07First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥22.95 (up from JP¥9.66 in 1Q 2025). Revenue: JP¥7.25b (up 18% from 1Q 2025). Net income: JP¥878.0m (up 137% from 1Q 2025). Profit margin: 12% (up from 6.0% in 1Q 2025). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 121%. Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 06Tosho Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025Tosho Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025
Declared Dividend • Jul 09Final dividend of JP¥3.00 announcedShareholders will receive a dividend of JP¥3.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 1.0%, which is higher than the industry average of 0.6%.
Price Target Changed • Jul 01Price target increased by 27% to JP¥1,660Up from JP¥1,309, the current price target is an average from 3 analysts. New target price is 174% above last closing price of JP¥606. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥58.27 for next year compared to JP¥32.06 last year.
お知らせ • Jun 27Tosho Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025Tosho Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025
分析記事 • May 20We Think Tosho's (TSE:8920) Profit Is Only A Baseline For What They Can AchieveTosho Co., Ltd.'s ( TSE:8920 ) strong earnings report was rewarded with a positive stock price move. We have done some...
Reported Earnings • May 17Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥32.06 (up from JP¥58.19 loss in FY 2024). Revenue: JP¥35.6b (up 15% from FY 2024). Net income: JP¥1.23b (up JP¥3.46b from FY 2024). Profit margin: 3.4% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is expected to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 6.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
お知らせ • May 16Tosho Co., Ltd. (TSE:8920) announces an Equity Buyback for 2,680,000 shares, representing 7% for ¥1,500 million.Tosho Co., Ltd. (TSE:8920) announces a share repurchase program. Under the program, the company will repurchase up to 2,680,000 shares, representing 2.7% of the outstanding shares, for ¥1,500 million. The purpose of the program is to improve shareholder returns by implementing flexible capital policies in response to the business environment and by improving capital efficiency. The program is valid till November 28, 2025. As of March 31, 2025, the company had 38,305,907 shares outstanding (excluding treasury stock) and 9,093 shares in treasury.
お知らせ • May 13Tosho Co., Ltd., Annual General Meeting, Jun 19, 2025Tosho Co., Ltd., Annual General Meeting, Jun 19, 2025.
分析記事 • Apr 07Some Tosho Co., Ltd. (TSE:8920) Shareholders Look For Exit As Shares Take 28% PoundingTosho Co., Ltd. ( TSE:8920 ) shareholders that were waiting for something to happen have been dealt a blow with a 28...
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (0.8%).
お知らせ • Mar 01Tosho Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Tosho Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025
Reported Earnings • Feb 08Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: JP¥24.67 (up from JP¥8.75 in 3Q 2024). Revenue: JP¥15.7b (up 139% from 3Q 2024). Net income: JP¥945.0m (up 182% from 3Q 2024). Profit margin: 6.0% (up from 5.1% in 3Q 2024). Revenue exceeded analyst estimates by 56%. Earnings per share (EPS) also surpassed analyst estimates by 136%. Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 6.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Declared Dividend • Dec 11First half dividend increased to JP¥3.00Dividend of JP¥3.00 is 50% higher than last year. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 0.8%, which is higher than the industry average of 0.6%.
お知らせ • Dec 03Tosho Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025Tosho Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025
Reported Earnings • Nov 10Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: JP¥25.56 (up from JP¥8.85 in 2Q 2024). Revenue: JP¥7.75b (up 22% from 2Q 2024). Net income: JP¥979.0m (up 189% from 2Q 2024). Profit margin: 13% (up from 5.4% in 2Q 2024). Revenue missed analyst estimates by 33%. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 6.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 12 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (0.8%).
分析記事 • Sep 04Revenues Not Telling The Story For Tosho Co., Ltd. (TSE:8920) After Shares Rise 31%Those holding Tosho Co., Ltd. ( TSE:8920 ) shares would be relieved that the share price has rebounded 31% in the last...
分析記事 • Aug 31Analysts Just Made A Decent Upgrade To Their Tosho Co., Ltd. (TSE:8920) ForecastsShareholders in Tosho Co., Ltd. ( TSE:8920 ) may be thrilled to learn that the analysts have just delivered a major...
お知らせ • Aug 28Tosho Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024Tosho Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024
Reported Earnings • Aug 14First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: JP¥9.66 (up from JP¥9.42 in 1Q 2024). Revenue: JP¥6.14b (down 1.1% from 1Q 2024). Net income: JP¥370.0m (up 2.5% from 1Q 2024). Profit margin: 6.0% (up from 5.8% in 1Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 7.4%. Revenue is forecast to stay flat during the next 3 years compared to a 6.8% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
分析記事 • Aug 02Does Tosho (TSE:8920) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Declared Dividend • Jul 11Final dividend of JP¥2.00 announcedShareholders will receive a dividend of JP¥2.00. Ex-date: 27th September 2024 Payment date: 12th December 2024 Dividend yield will be 0.5%, which is about the same as the industry average. Payout Ratios Payout ratio: 14%. Cash payout ratio: 2%.
お知らせ • Jun 21Tosho Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024Tosho Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024
Reported Earnings • May 12Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: JP¥58.19 loss per share (down from JP¥22.37 profit in FY 2023). Revenue: JP¥30.9b (up 37% from FY 2023). Net loss: JP¥2.23b (down 360% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Japan are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 25% per year.
お知らせ • May 12Tosho Co., Ltd., Annual General Meeting, Jun 19, 2024Tosho Co., Ltd., Annual General Meeting, Jun 19, 2024.
Price Target Changed • May 11Price target decreased by 24% to JP¥1,423Down from JP¥1,873, the current price target is an average from 3 analysts. New target price is 105% above last closing price of JP¥693. Stock is down 45% over the past year. The company is forecast to post earnings per share of JP¥36.80 for next year compared to JP¥22.37 last year.
Major Estimate Revision • May 11Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥28.2b to JP¥25.9b. EPS estimate also fell from JP¥56.94 per share to JP¥42.92 per share. Net income forecast to grow 40% next year vs 27% growth forecast for Hospitality industry in Japan. Consensus price target down from JP¥1,873 to JP¥1,423. Share price was steady at JP¥693 over the past week.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (0.6%).
Buy Or Sell Opportunity • Mar 18Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥782. The fair value is estimated to be JP¥650, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 201% in the next 2 years.
お知らせ • Mar 02Tosho Co., Ltd. to Report Q4, 2024 Results on May 10, 2024Tosho Co., Ltd. announced that they will report Q4, 2024 results on May 10, 2024
Buy Or Sell Opportunity • Feb 13Now 21% overvaluedOver the last 90 days, the stock has fallen 3.0% to JP¥789. The fair value is estimated to be JP¥652, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 201% in the next 2 years.
Reported Earnings • Feb 02Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: JP¥8.75 (up from JP¥7.62 in 3Q 2023). Revenue: JP¥6.56b (up 12% from 3Q 2023). Net income: JP¥335.0m (up 15% from 3Q 2023). Profit margin: 5.1% (in line with 3Q 2023). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Jan 19Now 20% overvaluedOver the last 90 days, the stock has fallen 12% to JP¥865. The fair value is estimated to be JP¥718, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 135% in the next 2 years.
お知らせ • Nov 27Tosho Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Tosho Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024
New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (4.5% net profit margin).
Buying Opportunity • Nov 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 34%. The fair value is estimated to be JP¥1,058, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 39% in 2 years. Earnings is forecast to grow by 220% in the next 2 years.
Reported Earnings • Nov 02Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: JP¥8.85 (up from JP¥6.66 in 2Q 2023). Revenue: JP¥6.33b (up 13% from 2Q 2023). Net income: JP¥339.0m (up 33% from 2Q 2023). Profit margin: 5.4% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥2.00 per share at 0.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (0.5%).
お知らせ • Aug 30Tosho Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Tosho Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023
Reported Earnings • Jul 29First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: JP¥9.42 (up from JP¥5.61 in 1Q 2023). Revenue: JP¥6.21b (up 19% from 1Q 2023). Net income: JP¥361.0m (up 68% from 1Q 2023). Profit margin: 5.8% (up from 4.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 131%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • May 28Tosho Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023Tosho Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023
お知らせ • May 13Tosho Co., Ltd., Annual General Meeting, Jun 29, 2023Tosho Co., Ltd., Annual General Meeting, Jun 29, 2023.
Reported Earnings • May 12Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥22.37 (down from JP¥63.28 in FY 2022). Revenue: JP¥22.5b (down 18% from FY 2022). Net income: JP¥857.0m (down 65% from FY 2022). Profit margin: 3.8% (down from 8.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per share at 0.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 9.4% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (0.5%).
Reported Earnings • Feb 01Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: JP¥7.62 (down from JP¥10.31 in 3Q 2022). Revenue: JP¥5.86b (up 6.3% from 3Q 2022). Net income: JP¥292.0m (down 26% from 3Q 2022). Profit margin: 5.0% (down from 7.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 71%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 27Tosho Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023Tosho Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Osamu Kikuchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 02Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: JP¥6.66 (up from JP¥4.65 in 2Q 2022). Revenue: JP¥5.59b (up 13% from 2Q 2022). Net income: JP¥255.0m (up 43% from 2Q 2022). Profit margin: 4.6% (up from 3.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 57%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥1.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 13 December 2022. Payout ratio is a comfortable 9.3% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (0.5%).
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥1,244, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 26x in the Hospitality industry in Japan. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥979 per share.
お知らせ • Sep 01Tosho Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022Tosho Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022
Reported Earnings • Jul 31First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: JP¥5.61 (up from JP¥4.62 in 1Q 2022). Revenue: JP¥5.24b (up 10% from 1Q 2022). Net income: JP¥215.0m (up 22% from 1Q 2022). Profit margin: 4.1% (up from 3.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is expected to shrink by 15% compared to a 37% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Jun 24Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥23.3b to JP¥22.9b. EPS estimate also fell from JP¥63.12 per share to JP¥51.79 per share. Net income forecast to shrink 18% next year vs 2.7% decline forecast for Hospitality industry in Japan. Consensus price target down from JP¥2,133 to JP¥1,733. Share price fell 6.5% to JP¥1,170 over the past week.
お知らせ • May 29Tosho Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022Tosho Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022
Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥23.9b to JP¥23.3b. EPS estimate rose from JP¥67.75 to JP¥82.43. Net income forecast to grow 30% next year vs 3.2% growth forecast for Hospitality industry in Japan. Consensus price target down from JP¥2,500 to JP¥2,133. Share price was steady at JP¥1,299 over the past week.
お知らせ • May 12Tosho Co., Ltd., Annual General Meeting, Jun 28, 2022Tosho Co., Ltd., Annual General Meeting, Jun 28, 2022.
Reported Earnings • May 11Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥63.28 (up from JP¥5.67 in FY 2021). Revenue: JP¥27.3b (up 55% from FY 2021). Net income: JP¥2.42b (up JP¥2.21b from FY 2021). Profit margin: 8.9% (up from 1.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Over the next year, revenue is expected to shrink by 13% compared to a 50% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorated over the past weekAfter last week's 27% share price decline to JP¥1,259, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Hospitality industry in Japan. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥947 per share.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Mitsuo Maruyama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 08Tosho Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022Tosho Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (0.4%).
Major Estimate Revision • Feb 12Consensus revenue estimates increase by 15%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from JP¥21.0b to JP¥24.1b. EPS estimate increased from JP¥48.96 to JP¥57.88 per share. Net income forecast to grow 224% next year vs 32% growth forecast for Hospitality industry in Japan. Consensus price target up from JP¥2,333 to JP¥2,500. Share price rose 5.3% to JP¥1,696 over the past week.
Price Target Changed • Feb 12Price target increased to JP¥2,500Up from JP¥2,333, the current price target is an average from 3 analysts. New target price is 47% above last closing price of JP¥1,696. Stock is down 2.8% over the past year. The company is forecast to post earnings per share of JP¥57.88 for next year compared to JP¥5.66 last year.
Reported Earnings • Feb 04Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: JP¥10.31 (up from JP¥8.07 in 3Q 2021). Revenue: JP¥5.51b (up 8.2% from 3Q 2021). Net income: JP¥395.0m (up 28% from 3Q 2021). Profit margin: 7.2% (up from 6.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 37%. Over the next year, revenue is forecast to grow 18%, compared to a 66% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 31Second quarter 2022 earnings released: EPS JP¥4.65 (vs JP¥9.97 in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.94b (down 1.6% from 2Q 2021). Net income: JP¥178.0m (down 53% from 2Q 2021). Profit margin: 3.6% (down from 7.6% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 03First quarter 2022 earnings released: EPS JP¥4.62 (vs JP¥12.97 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.76b (up 63% from 1Q 2021). Net income: JP¥177.0m (up JP¥674.0m from 1Q 2021). Profit margin: 3.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year and the company’s share price has also fallen by 26% per year.
Major Estimate Revision • Jun 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥35.50 to JP¥50.35. Revenue forecast steady at JP¥21.9b. Net income forecast to grow 788% next year vs 70% growth forecast for Hospitality industry in Japan. Consensus price target up from JP¥2,200 to JP¥2,267. Share price fell 4.5% to JP¥1,878 over the past week.
Major Estimate Revision • May 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥21.0b to JP¥21.7b. EPS estimate fell from JP¥50.50 to JP¥35.50 per share. Net income forecast to grow 527% next year vs 65% growth forecast for Hospitality industry in Japan. Consensus price target broadly unchanged at JP¥2,200. Share price was steady at JP¥1,828 over the past week.
Reported Earnings • May 10Full year 2021 earnings released: EPS JP¥5.67 (vs JP¥151 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥17.6b (down 49% from FY 2020). Net income: JP¥217.0m (down 96% from FY 2020). Profit margin: 1.2% (down from 17% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Apr 01Price target increased to JP¥2,233Up from JP¥2,067, the current price target is an average from 3 analysts. New target price is 20% above last closing price of JP¥1,858. Stock is up 125% over the past year.
Major Estimate Revision • Apr 01Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from JP¥6.50 to JP¥8.82. Revenue forecast steady at JP¥17.6b. Net income forecast to shrink 45% next year vs 34% growth forecast for Hospitality industry in Japan . Consensus price target up from JP¥2,067 to JP¥2,233. Share price was steady at JP¥1,858 over the past week.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (0.5%).
お知らせ • Mar 04Tosho Co., Ltd. to Report Fiscal Year 2021 Results on May 07, 2021Tosho Co., Ltd. announced that they will report fiscal year 2021 results on May 07, 2021