Tosho (8920) 주식 개요는 일본에서 스포츠 클럽, 호텔, 부동산 사업을 영위하는 기업입니다. 자세히 보기8920 펀더멘털 분석스노우플레이크 점수가치 평가5/6미래 성장1/6과거 실적4/6재무 건전성6/6배당2/6강점공정 가치 추정치보다 낮은 51.2% 에서 거래수익은 연간 5.46% 증가할 것으로 예상됩니다.지난 1년간 수익이 188.9% 증가했습니다.동종업계 및 업계 대비 좋은 가치로 거래위험 분석향후 3년 동안 수익이 연평균 4.4% 감소할 것으로 예상됩니다.모든 위험 점검 보기8920 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥776.0014.1% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b36b2016201920222025202620282031Revenue JP¥36.0bEarnings JP¥4.6bAdvancedSet Fair ValueView all narrativesTosho Co., Ltd. 경쟁사Central SportsSymbol: TSE:4801Market cap: JP¥25.9bRESOL HOLDINGSLtdSymbol: TSE:5261Market cap: JP¥39.1bNippon Ski Resort DevelopmentLtdSymbol: TSE:6040Market cap: JP¥20.1bFIT EASYSymbol: TSE:212AMarket cap: JP¥38.0b가격 이력 및 성과Tosho 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥776.0052주 최고가JP¥980.0052주 최저가JP¥581.00베타0.691개월 변동-12.12%3개월 변동-17.09%1년 변동30.86%3년 변동-37.06%5년 변동-55.98%IPO 이후 변동372.16%최근 뉴스 및 업데이트New 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.공시 • May 13Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026.공시 • 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.더 많은 업데이트 보기Recent updatesNew 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.공시 • May 13Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026.공시 • 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.분석 기사 • 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.공시 • 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.공시 • 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, 2026분석 기사 • 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...분석 기사 • 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.공시 • 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.공시 • 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, 2025분석 기사 • 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.공시 • 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.공시 • May 13Tosho Co., Ltd., Annual General Meeting, Jun 19, 2025Tosho Co., Ltd., Annual General Meeting, Jun 19, 2025.분석 기사 • 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%).공시 • 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%.공시 • 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%).분석 기사 • 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...분석 기사 • 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...공시 • 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.분석 기사 • 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%.공시 • 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.공시 • 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.공시 • 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.공시 • 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%).공시 • 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.공시 • 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, 2023공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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%).공시 • 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, 2021Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,990, the stock is trading at a trailing P/E ratio of 27.4x, up from the previous P/E ratio of 23.7x. This compares to an average P/E of 37x in the Hospitality industry in Japan. Total return to shareholders over the past three years is a loss of 48%.Is New 90 Day High Low • Feb 22New 90-day high: JP¥1,990The company is up 40% from its price of JP¥1,420 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,518 per share.Major Estimate Revision • Feb 18Analysts lower EPS estimates to JP¥6.50The 2021 consensus revenue estimate was lowered from JP¥18.3b to JP¥17.5b. Earning per share (EPS) estimate was also lowered from JP¥22.79 to JP¥6.50 for the same period. Net income is expected to shrink by 33% next year compared to 39% growth forecast for the Hospitality industry in Japan . The consensus price target was lowered from JP¥2,133 to JP¥2,067. Share price is up 7.7% to JP¥1,896 over the past week.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥1,817, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 21x. This compares to an average P/E of 40x in the Hospitality industry in Japan. Total return to shareholders over the past three years is a loss of 49%.주주 수익률8920JP HospitalityJP 시장7D3.1%-0.6%-3.1%1Y30.9%-11.0%38.2%전체 주주 수익률 보기수익률 대 산업: 8920은 지난 1년 동안 -11%의 수익을 기록한 JP Hospitality 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: 8920은 지난 1년 동안 38.2%를 기록한 JP 시장보다 저조한 성과를 냈습니다.주가 변동성Is 8920's price volatile compared to industry and market?8920 volatility8920 Average Weekly Movement5.6%Hospitality Industry Average Movement3.7%Market Average Movement5.0%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.5%안정적인 주가: 8920는 지난 3개월 동안 JP 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 8920의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1979402Yuichiro Kutsunawww.to-sho.net토쇼는 일본에서 스포츠 클럽, 호텔, 부동산 사업을 영위하고 있습니다. 이 회사는 Holiday라는 이름으로 스포츠 클럽을 운영하고, 아이치현에서 AB Hotel이라는 이름으로 호텔을 운영합니다. 또한 A City라는 이름으로 콘도미니엄을 임대하고 주차장을 관리합니다.더 보기Tosho Co., Ltd. 기초 지표 요약Tosho의 순이익과 매출은 시가총액과 어떻게 비교됩니까?8920 기초 통계시가총액JP¥28.55b순이익 (TTM)JP¥3.55b매출 (TTM)JP¥27.60b8.1x주가수익비율(P/E)1.0x주가매출비율(P/S)8920는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표8920 손익계산서 (TTM)매출JP¥27.60b매출원가JP¥18.40b총이익JP¥9.20b기타 비용JP¥5.65b순이익JP¥3.55b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)96.07총이익률33.34%순이익률12.86%부채/자본 비율32.9%8920의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당1.3%현재 배당 수익률16%배당 성향8920는 안정적으로 배당을 지급합니까?8920 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 8920를 매수해야 하나요?Tosho 배당 일정배당락일Mar 30 2026배당 지급일Jun 29 2026배당락일까지 남은 일수53 days배당 지급일까지 남은 일수38 days8920는 안정적으로 배당을 지급합니까?8920 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 14:36종가2026/05/21 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tosho Co., Ltd.는 7명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Junichi ShimizuDeutsche BankYukiko NonamiGoldman SachsSeiichiro SamejimaIchiyoshi Research Institute Inc.4명의 분석가 더 보기
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.
공시 • May 13Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026.
공시 • 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.
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.
공시 • May 13Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026Tosho Co., Ltd., Annual General Meeting, Jun 26, 2026.
공시 • 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.
분석 기사 • 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.
공시 • 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.
공시 • 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
분석 기사 • 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...
분석 기사 • 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.
공시 • 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.
공시 • 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
분석 기사 • 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.
공시 • 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.
공시 • May 13Tosho Co., Ltd., Annual General Meeting, Jun 19, 2025Tosho Co., Ltd., Annual General Meeting, Jun 19, 2025.
분석 기사 • 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%).
공시 • 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%.
공시 • 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%).
분석 기사 • 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...
분석 기사 • 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...
공시 • 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.
분석 기사 • 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%.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,990, the stock is trading at a trailing P/E ratio of 27.4x, up from the previous P/E ratio of 23.7x. This compares to an average P/E of 37x in the Hospitality industry in Japan. Total return to shareholders over the past three years is a loss of 48%.
Is New 90 Day High Low • Feb 22New 90-day high: JP¥1,990The company is up 40% from its price of JP¥1,420 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,518 per share.
Major Estimate Revision • Feb 18Analysts lower EPS estimates to JP¥6.50The 2021 consensus revenue estimate was lowered from JP¥18.3b to JP¥17.5b. Earning per share (EPS) estimate was also lowered from JP¥22.79 to JP¥6.50 for the same period. Net income is expected to shrink by 33% next year compared to 39% growth forecast for the Hospitality industry in Japan . The consensus price target was lowered from JP¥2,133 to JP¥2,067. Share price is up 7.7% to JP¥1,896 over the past week.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥1,817, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 21x. This compares to an average P/E of 40x in the Hospitality industry in Japan. Total return to shareholders over the past three years is a loss of 49%.
