View Future GrowthTOWLtd 과거 순이익 실적과거 기준 점검 1/6TOWLtd은 연평균 24.6%의 비율로 수입이 증가해 온 반면, Media 산업은 수입이 7.1% 증가했습니다. 매출은 연평균 11.8%의 비율로 증가했습니다. TOWLtd의 자기자본이익률은 10.9%이고 순이익률은 5.9%입니다.핵심 정보24.59%순이익 성장률26.55%주당순이익(EPS) 성장률Media 산업 성장률9.30%매출 성장률11.84%자기자본이익률10.88%순이익률5.91%다음 순이익 업데이트07 Aug 2026최근 과거 실적 업데이트공시 • Jun 03TOW Co.,Ltd. to Report Fiscal Year 2026 Results on Aug 07, 2026TOW Co.,Ltd. announced that they will report fiscal year 2026 results on Aug 07, 2026Reported Earnings • May 20Third quarter 2026 earnings released: EPS: JP¥2.20 (vs JP¥4.29 in 3Q 2025)Third quarter 2026 results: EPS: JP¥2.20 (down from JP¥4.29 in 3Q 2025). Revenue: JP¥3.59b (down 3.3% from 3Q 2025). Net income: JP¥91.0m (down 48% from 3Q 2025). Profit margin: 2.5% (down from 4.7% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 16Second quarter 2026 earnings released: EPS: JP¥14.07 (vs JP¥12.57 in 2Q 2025)Second quarter 2026 results: EPS: JP¥14.07 (up from JP¥12.57 in 2Q 2025). Revenue: JP¥5.90b (up 19% from 2Q 2025). Net income: JP¥579.0m (up 13% from 2Q 2025). Profit margin: 9.8% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Nov 29TOW Co.,Ltd. to Report Q2, 2026 Results on Feb 13, 2026TOW Co.,Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026Reported Earnings • Nov 18First quarter 2026 earnings released: EPS: JP¥5.86 (vs JP¥5.59 in 1Q 2025)First quarter 2026 results: EPS: JP¥5.86 (up from JP¥5.59 in 1Q 2025). Revenue: JP¥4.30b (up 12% from 1Q 2025). Net income: JP¥240.0m (up 5.7% from 1Q 2025). Profit margin: 5.6% (down from 5.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공시 • Sep 01TOW Co.,Ltd. to Report Q1, 2026 Results on Nov 14, 2025TOW Co.,Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025모든 업데이트 보기Recent updatesUpcoming Dividend • Jun 22Upcoming dividend of JP¥9.15 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 28 September 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.3%).공시 • Jun 03TOW Co.,Ltd. to Report Fiscal Year 2026 Results on Aug 07, 2026TOW Co.,Ltd. announced that they will report fiscal year 2026 results on Aug 07, 2026Reported Earnings • May 20Third quarter 2026 earnings released: EPS: JP¥2.20 (vs JP¥4.29 in 3Q 2025)Third quarter 2026 results: EPS: JP¥2.20 (down from JP¥4.29 in 3Q 2025). Revenue: JP¥3.59b (down 3.3% from 3Q 2025). Net income: JP¥91.0m (down 48% from 3Q 2025). Profit margin: 2.5% (down from 4.7% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 16Second quarter 2026 earnings released: EPS: JP¥14.07 (vs JP¥12.57 in 2Q 2025)Second quarter 2026 results: EPS: JP¥14.07 (up from JP¥12.57 in 2Q 2025). Revenue: JP¥5.90b (up 19% from 2Q 2025). Net income: JP¥579.0m (up 13% from 2Q 2025). Profit margin: 9.8% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of JP¥9.15 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 March 2026. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).공시 • Nov 29TOW Co.,Ltd. to Report Q2, 2026 Results on Feb 13, 2026TOW Co.,Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026Reported Earnings • Nov 18First quarter 2026 earnings released: EPS: JP¥5.86 (vs JP¥5.59 in 1Q 2025)First quarter 2026 results: EPS: JP¥5.86 (up from JP¥5.59 in 1Q 2025). Revenue: JP¥4.30b (up 12% from 1Q 2025). Net income: JP¥240.0m (up 5.7% from 1Q 2025). Profit margin: 5.6% (down from 5.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공시 • Sep 01TOW Co.,Ltd. to Report Q1, 2026 Results on Nov 14, 2025TOW Co.,Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025분석 기사 • Aug 14TOWLtd's (TSE:4767) Soft Earnings Don't Show The Whole PictureTSE:4767 1 Year Share Price vs Fair Value Explore TOWLtd's Fair Values from the Community and select yours TOW...New Risk • Aug 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Dividend is not well covered by cash flows (97% cash payout ratio).Reported Earnings • Aug 08Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥27.71 (down from JP¥34.69 in FY 2024). Revenue: JP¥17.8b (up 1.6% from FY 2024). Net income: JP¥1.13b (down 19% from FY 2024). Profit margin: 6.4% (down from 8.0% in FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공시 • Aug 07TOW Co.,Ltd., Annual General Meeting, Sep 25, 2025TOW Co.,Ltd., Annual General Meeting, Sep 25, 2025.Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥366, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 18x in the Media industry in Japan. Total returns to shareholders of 33% over the past three years.Upcoming Dividend • Jun 20Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.1%).공시 • Jun 04TOW Co.,Ltd. to Report Fiscal Year 2025 Results on Aug 07, 2025TOW Co.,Ltd. announced that they will report fiscal year 2025 results on Aug 07, 2025Reported Earnings • May 20Third quarter 2025 earnings released: EPS: JP¥4.29 (vs JP¥5.49 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.29 (down from JP¥5.49 in 3Q 2024). Revenue: JP¥3.72b (up 3.5% from 3Q 2024). Net income: JP¥176.0m (down 21% from 3Q 2024). Profit margin: 4.7% (down from 6.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Apr 08Now 23% overvaluedOver the last 90 days, the stock has fallen 3.8% to JP¥302. The fair value is estimated to be JP¥245, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 50%.공시 • Mar 04TOW Co.,Ltd. to Report Q3, 2025 Results on May 15, 2025TOW Co.,Ltd. announced that they will report Q3, 2025 results on May 15, 2025Reported Earnings • Feb 15Second quarter 2025 earnings released: EPS: JP¥12.57 (vs JP¥15.93 in 2Q 2024)Second quarter 2025 results: EPS: JP¥12.57 (down from JP¥15.93 in 2Q 2024). Revenue: JP¥4.96b (down 14% from 2Q 2024). Net income: JP¥513.0m (down 21% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 20Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 06 March 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%).공시 • Dec 03TOW Co.,Ltd. to Report Q2, 2025 Results on Feb 13, 2025TOW Co.,Ltd. announced that they will report Q2, 2025 results on Feb 13, 2025분석 기사 • Oct 03TOWLtd's (TSE:4767) Performance Is Even Better Than Its Earnings SuggestEven though TOW Co.,Ltd.'s ( TSE:4767 ) recent earnings release was robust, the market didn't seem to notice. We think...공시 • Aug 29TOW Co.,Ltd. to Report Q1, 2025 Results on Nov 15, 2024TOW Co.,Ltd. announced that they will report Q1, 2025 results on Nov 15, 2024Reported Earnings • Aug 13Full year 2024 earnings released: EPS: JP¥34.69 (vs JP¥8.59 in FY 2023)Full year 2024 results: EPS: JP¥34.69 (up from JP¥8.59 in FY 2023). Revenue: JP¥17.5b (up 49% from FY 2023). Net income: JP¥1.41b (up 296% from FY 2023). Profit margin: 8.0% (up from 3.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Aug 08TOW Co.,Ltd., Annual General Meeting, Sep 25, 2024TOW Co.,Ltd., Annual General Meeting, Sep 25, 2024.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥289, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 16x in the Media industry in Japan. Total returns to shareholders of 6.2% over the past three years.Upcoming Dividend • Jun 20Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.3%).공시 • Jun 05TOW Co.,Ltd. to Report Fiscal Year 2024 Results on Aug 08, 2024TOW Co.,Ltd. announced that they will report fiscal year 2024 results on Aug 08, 2024Reported Earnings • May 20Third quarter 2024 earnings released: EPS: JP¥5.49 (vs JP¥3.33 in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.49 (up from JP¥3.33 in 3Q 2023). Revenue: JP¥3.59b (up 40% from 3Q 2023). Net income: JP¥223.0m (up 66% from 3Q 2023). Profit margin: 6.2% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공시 • Feb 25TOW Co.,Ltd. to Report Q3, 2024 Results on May 15, 2024TOW Co.,Ltd. announced that they will report Q3, 2024 results on May 15, 2024Reported Earnings • Feb 10Second quarter 2024 earnings released: EPS: JP¥15.93 (vs JP¥8.56 in 2Q 2023)Second quarter 2024 results: EPS: JP¥15.93 (up from JP¥8.56 in 2Q 2023). Revenue: JP¥5.77b (up 56% from 2Q 2023). Net income: JP¥645.0m (up 88% from 2Q 2023). Profit margin: 11% (up from 9.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 21Upcoming dividend of JP¥7.00 per share at 4.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 06 March 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.7%).공시 • Nov 27TOW Co.,Ltd. to Report Q2, 2024 Results on Feb 08, 2024TOW Co.,Ltd. announced that they will report Q2, 2024 results on Feb 08, 2024Reported Earnings • Nov 18First quarter 2024 earnings released: EPS: JP¥6.16 (vs JP¥7.34 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥6.16 (up from JP¥7.34 loss in 1Q 2023). Revenue: JP¥3.79b (up 41% from 1Q 2023). Net income: JP¥248.0m (up JP¥575.0m from 1Q 2023). Profit margin: 6.5% (up from net loss in 1Q 2023). 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 but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.공시 • Aug 27TOW Co.,Ltd. to Report Q1, 2024 Results on Nov 14, 2023TOW Co.,Ltd. announced that they will report Q1, 2024 results on Nov 14, 2023New Risk • Aug 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥12.5b market cap, or US$86.1m).공시 • Aug 11TOW Co.,Ltd., Annual General Meeting, Sep 22, 2023TOW Co.,Ltd., Annual General Meeting, Sep 22, 2023.Reported Earnings • Aug 10Full year 2023 earnings released: EPS: JP¥8.59 (vs JP¥13.21 in FY 2022)Full year 2023 results: EPS: JP¥8.59 (down from JP¥13.21 in FY 2022). Revenue: JP¥11.8b (up 5.7% from FY 2022). Net income: JP¥355.0m (down 41% from FY 2022). Profit margin: 3.0% (down from 5.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • Jun 28TOW Co.,Ltd. to Report Fiscal Year 2023 Results on Aug 09, 2023TOW Co.,Ltd. announced that they will report fiscal year 2023 results on Aug 09, 2023Upcoming Dividend • Jun 22Upcoming dividend of JP¥7.20 per share at 4.4% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 26 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%).Reported Earnings • May 19Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: JP¥3.33. Revenue: JP¥2.57b (up 36% from 3Q 2022). Net income: JP¥134.0m (up JP¥134.0m from 3Q 2022). Profit margin: 5.2% (up from 0% in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 10Second quarter 2023 earnings released: EPS: JP¥8.56 (vs JP¥6.44 in 2Q 2022)Second quarter 2023 results: EPS: JP¥8.56 (up from JP¥6.44 in 2Q 2022). Revenue: JP¥3.69b (flat on 2Q 2022). Net income: JP¥344.0m (up 18% from 2Q 2022). Profit margin: 9.3% (up from 7.8% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.공시 • Dec 28TOW Co.,Ltd. to Report Q2, 2023 Results on Feb 08, 2023TOW Co.,Ltd. announced that they will report Q2, 2023 results on Feb 08, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥7.20 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%).Reported Earnings • Nov 16First quarter 2023 earnings released: JP¥7.34 loss per share (vs JP¥5.16 profit in 1Q 2022)First quarter 2023 results: JP¥7.34 loss per share (down from JP¥5.16 profit in 1Q 2022). Revenue: JP¥2.70b (down 13% from 1Q 2022). Net loss: JP¥327.0m (down 241% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Outside Director Shintaro Hagiwara was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Sep 28TOW Co.,Ltd. to Report Q1, 2023 Results on Nov 14, 2022TOW Co.,Ltd. announced that they will report Q1, 2023 results on Nov 14, 2022공시 • Sep 16TOW Co.,Ltd. (TSE:4767) announces an Equity Buyback for 5,500,000 shares, representing 12.1% for ¥1,694 million.TOW Co.,Ltd. (TSE:4767) announces a share repurchase program. Under the program, the company will repurchase up to 5,500,000 shares, representing 12.1% of its issued share capital, for ¥1,694 million. The shares will be repurchased at a price of ¥308 per share. The purpose of the program is to flexibly implement capital policies in response to changes in the business environment. As of June 30, 2022, the company had 45,472,344 shares issued and 3,496,752 shares in treasury.공시 • Aug 11TOW Co.,Ltd., Annual General Meeting, Sep 22, 2022TOW Co.,Ltd., Annual General Meeting, Sep 22, 2022.Reported Earnings • Aug 11Full year 2022 earnings released: EPS: JP¥13.21 (vs JP¥10.12 in FY 2021)Full year 2022 results: EPS: JP¥13.21 (up from JP¥10.12 in FY 2021). Revenue: JP¥11.1b (down 8.8% from FY 2021). Net income: JP¥598.0m (up 31% from FY 2021). Profit margin: 5.4% (up from 3.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 22Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 27 September 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%).공시 • Jun 03TOW Co.,Ltd. to Report Fiscal Year 2022 Results on Aug 09, 2022TOW Co.,Ltd. announced that they will report fiscal year 2022 results on Aug 09, 2022Reported Earnings • May 18Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: JP¥1.89b (up 52% from 3Q 2021). Net income: JP¥0 (up JP¥127.0m from 3Q 2021). Profit margin: 0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. 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 5% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Outside Director Shintaro Hagiwara was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Feb 27TOW Co.,Ltd. to Report Q3, 2022 Results on May 13, 2022TOW Co.,Ltd. announced that they will report Q3, 2022 results on May 13, 2022Reported Earnings • Feb 09Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥6.44 (up from JP¥4.20 in 2Q 2021). Revenue: JP¥3.72b (up 27% from 2Q 2021). Net income: JP¥291.0m (up 54% from 2Q 2021). Profit margin: 7.8% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Dec 22Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 05 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%).Reported Earnings • Nov 16First quarter 2022 earnings released: EPS JP¥5.16 (vs JP¥2.49 in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥3.10b (down 38% from 1Q 2021). Net income: JP¥232.0m (up 107% from 1Q 2021). Profit margin: 7.5% (up from 2.2% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 12Full year 2021 earnings released: EPS JP¥10.12 (vs JP¥35.25 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥12.2b (down 37% from FY 2020). Net income: JP¥455.0m (down 71% from FY 2020). Profit margin: 3.7% (down from 8.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 23Upcoming dividend of JP¥6.80 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 28 September 2021. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.6%).Reported Earnings • May 18Third quarter 2021 earnings released: JP¥2.82 loss per share (vs JP¥6.45 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥1.25b (down 64% from 3Q 2020). Net loss: JP¥127.0m (down 144% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.Is New 90 Day High Low • Mar 11New 90-day high: JP¥311The company is up 10.0% from its price of JP¥284 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 12% over the same period.공시 • Feb 28TOW Co.,Ltd. to Report Q3, 2021 Results on May 14, 2021TOW Co.,Ltd. announced that they will report Q3, 2021 results on May 14, 2021Reported Earnings • Feb 10Second quarter 2021 earnings released: EPS JP¥4.20 (vs JP¥14.73 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.93b (down 51% from 2Q 2020). Net income: JP¥189.0m (down 72% from 2Q 2020). Profit margin: 6.5% (down from 11% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 10New 90-day high: JP¥300The company is up 1.0% from its price of JP¥298 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 10.0% over the same period.Is New 90 Day High Low • Jan 04New 90-day low: JP¥258The company is down 19% from its price of JP¥319 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 3.0% over the same period.Upcoming Dividend • Dec 22Upcoming Dividend of JP¥6.10 Per ShareWill be paid on the 6th of March to those who are registered shareholders by the 29th of December. The trailing yield of 6.5% is in the top quartile of Japanese dividend payers (3.0%), and it is higher than industry peers (2.0%).Is New 90 Day High Low • Dec 18New 90-day low: JP¥274The company is down 19% from its price of JP¥337 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 3.0% over the same period.공시 • Dec 04TOW Co.,Ltd. to Report Q2, 2021 Results on Feb 08, 2021TOW Co.,Ltd. announced that they will report Q2, 2021 results on Feb 08, 2021공시 • Aug 30TOW Co.,Ltd. to Report Q1, 2021 Results on Nov 13, 2020TOW Co.,Ltd. announced that they will report Q1, 2021 results on Nov 13, 2020매출 및 비용 세부 내역TOWLtd가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:4767 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 2619,0511,1261,173031 Dec 2519,1751,2111,124030 Sep 2518,2301,1451,056030 Jun 2517,7821,1321,018031 Mar 2516,8751,2051,023031 Dec 2416,7481,2521,003030 Sep 2417,5591,384972030 Jun 2417,5031,405927031 Mar 2415,9621,320818031 Dec 2314,9451,231760030 Sep 2312,869930737030 Jun 2311,774355745031 Mar 2311,389226774031 Dec 2210,70692815030 Sep 2210,73639850030 Jun 2211,134598843031 Mar 2211,753804827031 Dec 2111,109677806030 Sep 2110,314575799030 Jun 2112,209455806031 Mar 2115,299423907031 Dec 2017,468840892030 Sep 2020,5511,313909030 Jun 2019,3251,584913031 Mar 2017,1291,570868031 Dec 1917,4081,564885030 Sep 1917,1071,522862030 Jun 1916,2781,345823031 Mar 1916,6511,408806031 Dec 1816,2991,311833030 Sep 1816,6091,243859030 Jun 1816,6881,207859031 Mar 1816,1121,091848031 Dec 1716,7741,216822030 Sep 1716,5291,241803030 Jun 1716,2511,206799031 Mar 1716,1661,249805031 Dec 1615,3481,102796030 Sep 1615,0461,024791030 Jun 1615,2301,083789031 Mar 1615,2941,097780031 Dec 1514,8581,055764030 Sep 1513,280828741030 Jun 1513,4428187290양질의 수익: 4767는 ¥594.0M 규모의 큰 일회성 손실이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: 4767의 현재 순 이익률 (5.9%)은 지난해 (7.1%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 4767의 수익은 지난 5년 동안 연평균 24.6%로 크게 증가했습니다.성장 가속화: 4767은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: 4767은 지난 1년 동안 수익이 감소(-6.6%)하여 Media 업계 평균(30%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: 4767의 자본 수익률(10.9%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMedia 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/26 04:52종가2026/06/26 00:00수익2026/03/31연간 수익2025/06/30데이터 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스TOW Co.,Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Seiichiro SamejimaIchiyoshi Research Institute Inc.null nullInvestment Bridge Co., Ltd.Masahiro MiuraMarusan Securities Co. Ltd.
공시 • Jun 03TOW Co.,Ltd. to Report Fiscal Year 2026 Results on Aug 07, 2026TOW Co.,Ltd. announced that they will report fiscal year 2026 results on Aug 07, 2026
Reported Earnings • May 20Third quarter 2026 earnings released: EPS: JP¥2.20 (vs JP¥4.29 in 3Q 2025)Third quarter 2026 results: EPS: JP¥2.20 (down from JP¥4.29 in 3Q 2025). Revenue: JP¥3.59b (down 3.3% from 3Q 2025). Net income: JP¥91.0m (down 48% from 3Q 2025). Profit margin: 2.5% (down from 4.7% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 16Second quarter 2026 earnings released: EPS: JP¥14.07 (vs JP¥12.57 in 2Q 2025)Second quarter 2026 results: EPS: JP¥14.07 (up from JP¥12.57 in 2Q 2025). Revenue: JP¥5.90b (up 19% from 2Q 2025). Net income: JP¥579.0m (up 13% from 2Q 2025). Profit margin: 9.8% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Nov 29TOW Co.,Ltd. to Report Q2, 2026 Results on Feb 13, 2026TOW Co.,Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026
Reported Earnings • Nov 18First quarter 2026 earnings released: EPS: JP¥5.86 (vs JP¥5.59 in 1Q 2025)First quarter 2026 results: EPS: JP¥5.86 (up from JP¥5.59 in 1Q 2025). Revenue: JP¥4.30b (up 12% from 1Q 2025). Net income: JP¥240.0m (up 5.7% from 1Q 2025). Profit margin: 5.6% (down from 5.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공시 • Sep 01TOW Co.,Ltd. to Report Q1, 2026 Results on Nov 14, 2025TOW Co.,Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025
Upcoming Dividend • Jun 22Upcoming dividend of JP¥9.15 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 28 September 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.3%).
공시 • Jun 03TOW Co.,Ltd. to Report Fiscal Year 2026 Results on Aug 07, 2026TOW Co.,Ltd. announced that they will report fiscal year 2026 results on Aug 07, 2026
Reported Earnings • May 20Third quarter 2026 earnings released: EPS: JP¥2.20 (vs JP¥4.29 in 3Q 2025)Third quarter 2026 results: EPS: JP¥2.20 (down from JP¥4.29 in 3Q 2025). Revenue: JP¥3.59b (down 3.3% from 3Q 2025). Net income: JP¥91.0m (down 48% from 3Q 2025). Profit margin: 2.5% (down from 4.7% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 16Second quarter 2026 earnings released: EPS: JP¥14.07 (vs JP¥12.57 in 2Q 2025)Second quarter 2026 results: EPS: JP¥14.07 (up from JP¥12.57 in 2Q 2025). Revenue: JP¥5.90b (up 19% from 2Q 2025). Net income: JP¥579.0m (up 13% from 2Q 2025). Profit margin: 9.8% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥9.15 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 March 2026. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
공시 • Nov 29TOW Co.,Ltd. to Report Q2, 2026 Results on Feb 13, 2026TOW Co.,Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026
Reported Earnings • Nov 18First quarter 2026 earnings released: EPS: JP¥5.86 (vs JP¥5.59 in 1Q 2025)First quarter 2026 results: EPS: JP¥5.86 (up from JP¥5.59 in 1Q 2025). Revenue: JP¥4.30b (up 12% from 1Q 2025). Net income: JP¥240.0m (up 5.7% from 1Q 2025). Profit margin: 5.6% (down from 5.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공시 • Sep 01TOW Co.,Ltd. to Report Q1, 2026 Results on Nov 14, 2025TOW Co.,Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025
분석 기사 • Aug 14TOWLtd's (TSE:4767) Soft Earnings Don't Show The Whole PictureTSE:4767 1 Year Share Price vs Fair Value Explore TOWLtd's Fair Values from the Community and select yours TOW...
New Risk • Aug 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Dividend is not well covered by cash flows (97% cash payout ratio).
Reported Earnings • Aug 08Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥27.71 (down from JP¥34.69 in FY 2024). Revenue: JP¥17.8b (up 1.6% from FY 2024). Net income: JP¥1.13b (down 19% from FY 2024). Profit margin: 6.4% (down from 8.0% in FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공시 • Aug 07TOW Co.,Ltd., Annual General Meeting, Sep 25, 2025TOW Co.,Ltd., Annual General Meeting, Sep 25, 2025.
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥366, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 18x in the Media industry in Japan. Total returns to shareholders of 33% over the past three years.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.1%).
공시 • Jun 04TOW Co.,Ltd. to Report Fiscal Year 2025 Results on Aug 07, 2025TOW Co.,Ltd. announced that they will report fiscal year 2025 results on Aug 07, 2025
Reported Earnings • May 20Third quarter 2025 earnings released: EPS: JP¥4.29 (vs JP¥5.49 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.29 (down from JP¥5.49 in 3Q 2024). Revenue: JP¥3.72b (up 3.5% from 3Q 2024). Net income: JP¥176.0m (down 21% from 3Q 2024). Profit margin: 4.7% (down from 6.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Apr 08Now 23% overvaluedOver the last 90 days, the stock has fallen 3.8% to JP¥302. The fair value is estimated to be JP¥245, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 50%.
공시 • Mar 04TOW Co.,Ltd. to Report Q3, 2025 Results on May 15, 2025TOW Co.,Ltd. announced that they will report Q3, 2025 results on May 15, 2025
Reported Earnings • Feb 15Second quarter 2025 earnings released: EPS: JP¥12.57 (vs JP¥15.93 in 2Q 2024)Second quarter 2025 results: EPS: JP¥12.57 (down from JP¥15.93 in 2Q 2024). Revenue: JP¥4.96b (down 14% from 2Q 2024). Net income: JP¥513.0m (down 21% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥7.50 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 06 March 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%).
공시 • Dec 03TOW Co.,Ltd. to Report Q2, 2025 Results on Feb 13, 2025TOW Co.,Ltd. announced that they will report Q2, 2025 results on Feb 13, 2025
분석 기사 • Oct 03TOWLtd's (TSE:4767) Performance Is Even Better Than Its Earnings SuggestEven though TOW Co.,Ltd.'s ( TSE:4767 ) recent earnings release was robust, the market didn't seem to notice. We think...
공시 • Aug 29TOW Co.,Ltd. to Report Q1, 2025 Results on Nov 15, 2024TOW Co.,Ltd. announced that they will report Q1, 2025 results on Nov 15, 2024
Reported Earnings • Aug 13Full year 2024 earnings released: EPS: JP¥34.69 (vs JP¥8.59 in FY 2023)Full year 2024 results: EPS: JP¥34.69 (up from JP¥8.59 in FY 2023). Revenue: JP¥17.5b (up 49% from FY 2023). Net income: JP¥1.41b (up 296% from FY 2023). Profit margin: 8.0% (up from 3.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Aug 08TOW Co.,Ltd., Annual General Meeting, Sep 25, 2024TOW Co.,Ltd., Annual General Meeting, Sep 25, 2024.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥289, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 16x in the Media industry in Japan. Total returns to shareholders of 6.2% over the past three years.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.3%).
공시 • Jun 05TOW Co.,Ltd. to Report Fiscal Year 2024 Results on Aug 08, 2024TOW Co.,Ltd. announced that they will report fiscal year 2024 results on Aug 08, 2024
Reported Earnings • May 20Third quarter 2024 earnings released: EPS: JP¥5.49 (vs JP¥3.33 in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.49 (up from JP¥3.33 in 3Q 2023). Revenue: JP¥3.59b (up 40% from 3Q 2023). Net income: JP¥223.0m (up 66% from 3Q 2023). Profit margin: 6.2% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공시 • Feb 25TOW Co.,Ltd. to Report Q3, 2024 Results on May 15, 2024TOW Co.,Ltd. announced that they will report Q3, 2024 results on May 15, 2024
Reported Earnings • Feb 10Second quarter 2024 earnings released: EPS: JP¥15.93 (vs JP¥8.56 in 2Q 2023)Second quarter 2024 results: EPS: JP¥15.93 (up from JP¥8.56 in 2Q 2023). Revenue: JP¥5.77b (up 56% from 2Q 2023). Net income: JP¥645.0m (up 88% from 2Q 2023). Profit margin: 11% (up from 9.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥7.00 per share at 4.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 06 March 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.7%).
공시 • Nov 27TOW Co.,Ltd. to Report Q2, 2024 Results on Feb 08, 2024TOW Co.,Ltd. announced that they will report Q2, 2024 results on Feb 08, 2024
Reported Earnings • Nov 18First quarter 2024 earnings released: EPS: JP¥6.16 (vs JP¥7.34 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥6.16 (up from JP¥7.34 loss in 1Q 2023). Revenue: JP¥3.79b (up 41% from 1Q 2023). Net income: JP¥248.0m (up JP¥575.0m from 1Q 2023). Profit margin: 6.5% (up from net loss in 1Q 2023). 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 but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
공시 • Aug 27TOW Co.,Ltd. to Report Q1, 2024 Results on Nov 14, 2023TOW Co.,Ltd. announced that they will report Q1, 2024 results on Nov 14, 2023
New Risk • Aug 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥12.5b market cap, or US$86.1m).
공시 • Aug 11TOW Co.,Ltd., Annual General Meeting, Sep 22, 2023TOW Co.,Ltd., Annual General Meeting, Sep 22, 2023.
Reported Earnings • Aug 10Full year 2023 earnings released: EPS: JP¥8.59 (vs JP¥13.21 in FY 2022)Full year 2023 results: EPS: JP¥8.59 (down from JP¥13.21 in FY 2022). Revenue: JP¥11.8b (up 5.7% from FY 2022). Net income: JP¥355.0m (down 41% from FY 2022). Profit margin: 3.0% (down from 5.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • Jun 28TOW Co.,Ltd. to Report Fiscal Year 2023 Results on Aug 09, 2023TOW Co.,Ltd. announced that they will report fiscal year 2023 results on Aug 09, 2023
Upcoming Dividend • Jun 22Upcoming dividend of JP¥7.20 per share at 4.4% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 26 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%).
Reported Earnings • May 19Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: JP¥3.33. Revenue: JP¥2.57b (up 36% from 3Q 2022). Net income: JP¥134.0m (up JP¥134.0m from 3Q 2022). Profit margin: 5.2% (up from 0% in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 10Second quarter 2023 earnings released: EPS: JP¥8.56 (vs JP¥6.44 in 2Q 2022)Second quarter 2023 results: EPS: JP¥8.56 (up from JP¥6.44 in 2Q 2022). Revenue: JP¥3.69b (flat on 2Q 2022). Net income: JP¥344.0m (up 18% from 2Q 2022). Profit margin: 9.3% (up from 7.8% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
공시 • Dec 28TOW Co.,Ltd. to Report Q2, 2023 Results on Feb 08, 2023TOW Co.,Ltd. announced that they will report Q2, 2023 results on Feb 08, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥7.20 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%).
Reported Earnings • Nov 16First quarter 2023 earnings released: JP¥7.34 loss per share (vs JP¥5.16 profit in 1Q 2022)First quarter 2023 results: JP¥7.34 loss per share (down from JP¥5.16 profit in 1Q 2022). Revenue: JP¥2.70b (down 13% from 1Q 2022). Net loss: JP¥327.0m (down 241% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Outside Director Shintaro Hagiwara was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Sep 28TOW Co.,Ltd. to Report Q1, 2023 Results on Nov 14, 2022TOW Co.,Ltd. announced that they will report Q1, 2023 results on Nov 14, 2022
공시 • Sep 16TOW Co.,Ltd. (TSE:4767) announces an Equity Buyback for 5,500,000 shares, representing 12.1% for ¥1,694 million.TOW Co.,Ltd. (TSE:4767) announces a share repurchase program. Under the program, the company will repurchase up to 5,500,000 shares, representing 12.1% of its issued share capital, for ¥1,694 million. The shares will be repurchased at a price of ¥308 per share. The purpose of the program is to flexibly implement capital policies in response to changes in the business environment. As of June 30, 2022, the company had 45,472,344 shares issued and 3,496,752 shares in treasury.
공시 • Aug 11TOW Co.,Ltd., Annual General Meeting, Sep 22, 2022TOW Co.,Ltd., Annual General Meeting, Sep 22, 2022.
Reported Earnings • Aug 11Full year 2022 earnings released: EPS: JP¥13.21 (vs JP¥10.12 in FY 2021)Full year 2022 results: EPS: JP¥13.21 (up from JP¥10.12 in FY 2021). Revenue: JP¥11.1b (down 8.8% from FY 2021). Net income: JP¥598.0m (up 31% from FY 2021). Profit margin: 5.4% (up from 3.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 27 September 2022. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%).
공시 • Jun 03TOW Co.,Ltd. to Report Fiscal Year 2022 Results on Aug 09, 2022TOW Co.,Ltd. announced that they will report fiscal year 2022 results on Aug 09, 2022
Reported Earnings • May 18Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: JP¥1.89b (up 52% from 3Q 2021). Net income: JP¥0 (up JP¥127.0m from 3Q 2021). Profit margin: 0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. 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 5% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Outside Director Shintaro Hagiwara was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Feb 27TOW Co.,Ltd. to Report Q3, 2022 Results on May 13, 2022TOW Co.,Ltd. announced that they will report Q3, 2022 results on May 13, 2022
Reported Earnings • Feb 09Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥6.44 (up from JP¥4.20 in 2Q 2021). Revenue: JP¥3.72b (up 27% from 2Q 2021). Net income: JP¥291.0m (up 54% from 2Q 2021). Profit margin: 7.8% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 05 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%).
Reported Earnings • Nov 16First quarter 2022 earnings released: EPS JP¥5.16 (vs JP¥2.49 in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥3.10b (down 38% from 1Q 2021). Net income: JP¥232.0m (up 107% from 1Q 2021). Profit margin: 7.5% (up from 2.2% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 12Full year 2021 earnings released: EPS JP¥10.12 (vs JP¥35.25 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥12.2b (down 37% from FY 2020). Net income: JP¥455.0m (down 71% from FY 2020). Profit margin: 3.7% (down from 8.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 23Upcoming dividend of JP¥6.80 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 28 September 2021. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.6%).
Reported Earnings • May 18Third quarter 2021 earnings released: JP¥2.82 loss per share (vs JP¥6.45 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥1.25b (down 64% from 3Q 2020). Net loss: JP¥127.0m (down 144% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.
Is New 90 Day High Low • Mar 11New 90-day high: JP¥311The company is up 10.0% from its price of JP¥284 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 12% over the same period.
공시 • Feb 28TOW Co.,Ltd. to Report Q3, 2021 Results on May 14, 2021TOW Co.,Ltd. announced that they will report Q3, 2021 results on May 14, 2021
Reported Earnings • Feb 10Second quarter 2021 earnings released: EPS JP¥4.20 (vs JP¥14.73 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.93b (down 51% from 2Q 2020). Net income: JP¥189.0m (down 72% from 2Q 2020). Profit margin: 6.5% (down from 11% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 10New 90-day high: JP¥300The company is up 1.0% from its price of JP¥298 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 10.0% over the same period.
Is New 90 Day High Low • Jan 04New 90-day low: JP¥258The company is down 19% from its price of JP¥319 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 3.0% over the same period.
Upcoming Dividend • Dec 22Upcoming Dividend of JP¥6.10 Per ShareWill be paid on the 6th of March to those who are registered shareholders by the 29th of December. The trailing yield of 6.5% is in the top quartile of Japanese dividend payers (3.0%), and it is higher than industry peers (2.0%).
Is New 90 Day High Low • Dec 18New 90-day low: JP¥274The company is down 19% from its price of JP¥337 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 3.0% over the same period.
공시 • Dec 04TOW Co.,Ltd. to Report Q2, 2021 Results on Feb 08, 2021TOW Co.,Ltd. announced that they will report Q2, 2021 results on Feb 08, 2021
공시 • Aug 30TOW Co.,Ltd. to Report Q1, 2021 Results on Nov 13, 2020TOW Co.,Ltd. announced that they will report Q1, 2021 results on Nov 13, 2020