View ValuationTMS 향후 성장Future 기준 점검 0/6TMS 의 수익이 21.1%로 연간 감소할 전망입니다. 주당 순이익은 감소 연간 20.4%만큼 감소할 것으로 예상됩니다.핵심 정보-21.1%이익 성장률-20.42%EPS 성장률Biotechs 이익 성장38.8%매출 성장률n/a향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트14 Apr 2026최근 향후 성장 업데이트Price Target Changed • Oct 16Price target decreased by 18% to JP¥620Down from JP¥760, the current price target is provided by 1 analyst. New target price is 300% above last closing price of JP¥155. Stock is down 15% over the past year. The company is forecast to post a net loss per share of JP¥27.97 next year compared to a net loss per share of JP¥16.37 last year.Breakeven Date Change • Apr 14No longer forecast to breakevenThe analyst covering TMS no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥369.0m in 2026. New forecast suggests the company will make a loss of JP¥961.0m in 2028.Breakeven Date Change • Apr 12No longer forecast to breakevenThe analyst covering TMS no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥369.0m in 2026. New forecast suggests the company will make a loss of JP¥961.0m in 2028.모든 업데이트 보기Recent updatesNew Risk • Apr 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 21% 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. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.5b net loss in 3 years). Market cap is less than US$100m (JP¥6.32b market cap, or US$39.8m).New Risk • Mar 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 6.0% 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: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.0b net loss in 3 years). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥6.14b market cap, or US$39.1m).공시 • Feb 13TMS Co., Ltd., Annual General Meeting, Mar 27, 2026TMS Co., Ltd., Annual General Meeting, Mar 27, 2026.New Risk • Jan 21New 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 5.4% 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: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.0b net loss in 3 years). Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥6.82b market cap, or US$43.1m).분석 기사 • Jan 07Here's Why We're Not At All Concerned With TMS' (TSE:4891) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, although...공시 • Dec 24TMS Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026TMS Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026Price Target Changed • Oct 16Price target decreased by 18% to JP¥620Down from JP¥760, the current price target is provided by 1 analyst. New target price is 300% above last closing price of JP¥155. Stock is down 15% over the past year. The company is forecast to post a net loss per share of JP¥27.97 next year compared to a net loss per share of JP¥16.37 last year.공시 • Aug 26TMS Co., Ltd. to Report Q2, 2026 Results on Oct 15, 2025TMS Co., Ltd. announced that they will report Q2, 2026 results on Oct 15, 2025New Risk • Jul 22New major risk - Revenue and earnings growthEarnings have declined by 25% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥7.49b market cap, or US$50.8m).공시 • May 24TMS Co., Ltd. to Report Q1, 2026 Results on Jul 15, 2025TMS Co., Ltd. announced that they will report Q1, 2026 results on Jul 15, 2025공시 • Apr 25TMS Co., Ltd. Submits CTN for Phase II/III Orion Study Japan Cohort of JX10 to PMDATMS Co., Ltd. announced that the Company has submitted a Clinical Trial Plan Notification (CTN) to the Pharmaceuticals and Medical Devices Agency ("PMDA") for ORION (Optimizing Reperfusion to Improve Outcomes and Neurologic Function), the global registrational study conducted by Corxel Pharmaceuticals Limited (CORXEL) including Japan cohort, that will investigate the effects of JX10 (also known as TMS-007) on functional recovery in acute ischemic stroke (AIS) patients, who present within 4.5 to 24 hours from "last known well". The impact of this matter on the Company's financial results of this fiscal year is minor.Breakeven Date Change • Apr 14No longer forecast to breakevenThe analyst covering TMS no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥369.0m in 2026. New forecast suggests the company will make a loss of JP¥961.0m in 2028.Breakeven Date Change • Apr 12No longer forecast to breakevenThe analyst covering TMS no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥369.0m in 2026. New forecast suggests the company will make a loss of JP¥961.0m in 2028.공시 • Apr 11TMS Co., Ltd., Annual General Meeting, May 29, 2025TMS Co., Ltd., Annual General Meeting, May 29, 2025.New Risk • Mar 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.1b net loss in 3 years). Market cap is less than US$100m (JP¥7.14b market cap, or US$48.1m).공시 • Feb 26TMS Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2025TMS Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2025분석 기사 • Feb 21We Think TMS (TSE:4891) Can Afford To Drive Business GrowthJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...공시 • Feb 21TMS Co., Ltd. Provided Notice on the Status of JX10 (TMS-007) Clinical Trial Application in ChinaTMS Co., Ltd. announced that Corxel Pharmaceuticals announced that the Center for Drug Evaluation (CDE) of the National Medical Products Administration of the PRC (NMPA) has approved the Clinical Trial Application (CTA) for ORION (Optimizing Reperfusion to Improve Outcomes and Neurologic Function), the global registrational study including China cohort, that will investigate the effects of JX10 (TMS-007) on functional recovery in acute ischemic stroke (AIS) patients, who present within 4.5 to 24 hours from "last known well". The Company plans to participate in the global study as partner in Japan. About TMS-007(JX10) TMS-007 (JX10) is an investigational drug candidate for the treatment of acute cerebral infarction (AIS), and its mechanism of action is both thrombolytic and anti-inflammatory. The important thing in the treatment strategy for acute cerebral infarction is to restore blood flow as soon as possible after the onset of symptoms. TMS-007 (JX10) extends the short treatment period of administration within 4.5 hours after the onset of symptoms, which is the current standard of treatment, and may provide treatment opportunities to many patients. In a Phase II clinical trial conducted by our company in Japan, subjects administered TMS-007 (JX10) showed significantly improved clinical outcomes (no symptoms at all or symptoms but able to work without obvious impairment) after 90 days compared to placebo. This result was also confirmed by angiographic findings. TMS-007 (JX10) is currently undergoing a global study to further evaluate its efficacy and safety for the treatment of acute cerebral infarction by CORXEL.공시 • Nov 27TMS Co., Ltd. to Report Q3, 2025 Results on Jan 14, 2025TMS Co., Ltd. announced that they will report Q3, 2025 results on Jan 14, 2025분석 기사 • Oct 24Here's Why We're Not Too Worried About TMS' (TSE:4891) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...New Risk • Oct 11New major risk - Revenue and earnings growthEarnings have declined by 35% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (JP¥7.38b market cap, or US$49.6m).공시 • Aug 23TMS Co., Ltd. to Report Q2, 2025 Results on Oct 15, 2024TMS Co., Ltd. announced that they will report Q2, 2025 results on Oct 15, 2024New Risk • Jul 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.5b net loss in 3 years). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (JP¥10.2b market cap, or US$63.4m).분석 기사 • Jun 24We're Not Very Worried About TMS' (TSE:4891) Cash Burn RateJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...공시 • Jun 19TMS Co., Ltd. Announces Dosing to the First Subject in TMS-008 Phase I Clinical TrialTMS Co., Ltd. announced that the first subject was dosed on June 19 in the Phase I clinical trial (Phase I single-dose, dose escalation study of TMS-008 in healthy adult male subjects; the Study) of TMS-008, which is being developed as a potential treatment for acute kidney injury. The results of previous non-clinical studies have confirmed the efficacy and safety of TMS-008 in the non-clinical phase of the study. In this Study, TMS-008 will be administered to healthy adult male subjects in escalating doses to confirm safety, tolerability, and pharmacokinetics in humans. The study will be conducted at the University of Tokyo Hospital. All subjects will be administered and observed by the end of this fiscal year, and the first readout is scheduled in the first quarter of fiscal year 2025. TMS-008 is a compound of SMTP (Stachybotrys microspora triprenyl phenol) family compounds derived from a type of black mold. The compound has strong anti-inflammatory and antioxidant activity by inhibiting soluble epoxide hydrolase (sEH) and is expected to have potential as a treatment for acute kidney injury.공시 • May 27TMS Co., Ltd. to Report Q1, 2025 Results on Jul 12, 2024TMS Co., Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024공시 • Apr 14TMS Co., Ltd., Annual General Meeting, May 28, 2024TMS Co., Ltd., Annual General Meeting, May 28, 2024.공시 • Mar 01TMS Co., Ltd. Submits Clinical Trial Plan Notification for TMS-008 Phase I Clinical Trial in JapanTMS Co., Ltd. announced that the Company has submitted a Clinical Trial Plan Notification to the Pharmaceuticals and Medical Devices Agency ("PMDA") to start Phase I clinical trial (the "Trial") for TMS-008, which is under development for acute kidney injury and other indications. This is the First-In-Human study of TMS-008, in which TMS-008 will be administered incrementally to healthy adult male subjects to evaluate the pharmacokinetics, pharmacodynamics, and safety of TMS-008. The Trial is scheduled to begin after a 30-day investigation period by the PMDA. TMS-008 is a small molecule compound belonging to the SMTP (stachybotrys microspora triprenyl phenol) compound family derived from black mold, as TMS-007/JX10, expected to have potential as a therapeutic agent for acute kidney injury (AKI) with its anti-inflammatory activity based on soluble epoxide hydrolase (sEH) inhibition as well as antioxidant activity. AKI is an indication in which renal function rapidly declines over a period of hours to days, and no drug has been approved for treatment of AKI to date. AKI can be caused by a variety of reasons, including cardiac surgery and drug side effects. In a study of patients who underwent coronary artery bypass surgery or heart valve surgery, 43% of patients developed acute kidney injury after surgery, and the mortality rate within 30 days was reported to be as high as 20%. Due to these, it is expected there is a significant unmet medical need for effective therapeutic agents for AKI. This matter will have no impact on the Company's financial results.공시 • Feb 23TMS Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2024TMS Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2024New Risk • Feb 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.5b net loss in 3 years). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (JP¥11.3b market cap, or US$77.3m).공시 • Feb 01TMS Co., Ltd. announced that it has received ¥684.324069 million in fundingOn January 31, 2024, TMS Co., Ltd. closed the transaction.New Risk • Jan 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 23% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.5b net loss in 3 years). Market cap is less than US$100m (JP¥10.3b market cap, or US$69.7m).공시 • Jan 13TMS Co., Ltd. announced that it expects to receive ¥684.324069 million in fundingTMS Co., Ltd. announced a private placement to issue 3,659,487 shares at a issue price 187 yen per share for a gross proceeds JPY 684,324,069 on January 11, 2024. The transaction included participation from RTW Master Fund, Ltd for 2,083,830 shares, RTW Innovation Master Fund, Ltd for 1,524,886 shares and RTW Biotech Opportunities Ltd for 50,771 shares. The transaction is expected to close on January 31, 2024.공시 • Nov 23TMS Co., Ltd. to Report Q3, 2024 Results on Jan 15, 2024TMS Co., Ltd. announced that they will report Q3, 2024 results on Jan 15, 2024New Risk • Oct 15New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: JP¥734m Forecast net loss in 3 years: JP¥325m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥325m net loss in 3 years). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥9.04b market cap, or US$60.5m).공시 • Aug 09TMS Co., Ltd. to Report Q2, 2024 Results on Oct 13, 2023TMS Co., Ltd. announced that they will report Q2, 2024 results on Oct 13, 2023공시 • May 26TMS Co., Ltd. to Report Q1, 2024 Results on Jul 14, 2023TMS Co., Ltd. announced that they will report Q1, 2024 results on Jul 14, 2023공시 • Nov 27TMS Co., Ltd. to Report Q3, 2023 Results on Jan 13, 2023TMS Co., Ltd. announced that they will report Q3, 2023 results on Jan 13, 2023공시 • Nov 23TMS Co., Ltd. has completed an IPO in the amount of ¥2.499971 billion.TMS Co., Ltd. has completed an IPO in the amount of ¥2.499971 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,145,400 Price\Range: ¥670 Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,585,900 Price\Range: ¥670 Transaction Features: Rule 144A; Sponsor Backed Offering이익 및 매출 성장 예측TSE:4891 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028N/A-1,500N/AN/A112/31/2027N/A-1,100N/AN/A112/31/2026N/A-1,150N/AN/A112/31/2025N/A-701-937-935N/A8/31/2025N/A-670-563-560N/A5/31/2025N/A-699N/AN/AN/A2/28/2025N/A-660-523-493N/A11/30/2024N/A-1,078N/AN/AN/A8/31/2024N/A-1,095-926-895N/A5/31/2024N/A-1,059N/AN/AN/A2/29/2024N/A-960-825-822N/A11/30/2023N/A-671N/AN/AN/A8/31/2023N/A-734N/AN/AN/A5/31/2023N/A-774N/AN/AN/A2/28/2023N/A-860-701-688N/A2/28/20221,9461,076N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 4891 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: 4891 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: 4891 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: 4891 의 수익이 JP 시장보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 매출: 4891 은(는) 내년에 수익이 없을 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 4891의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YPharmaceuticals-biotech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/12 14:47종가2026/06/12 00:00수익2025/12/31연간 수익2025/12/31데이터 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 소스TMS Co., Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Miyabi YamakitaJefferies LLC
Price Target Changed • Oct 16Price target decreased by 18% to JP¥620Down from JP¥760, the current price target is provided by 1 analyst. New target price is 300% above last closing price of JP¥155. Stock is down 15% over the past year. The company is forecast to post a net loss per share of JP¥27.97 next year compared to a net loss per share of JP¥16.37 last year.
Breakeven Date Change • Apr 14No longer forecast to breakevenThe analyst covering TMS no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥369.0m in 2026. New forecast suggests the company will make a loss of JP¥961.0m in 2028.
Breakeven Date Change • Apr 12No longer forecast to breakevenThe analyst covering TMS no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥369.0m in 2026. New forecast suggests the company will make a loss of JP¥961.0m in 2028.
New Risk • Apr 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 21% 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. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.5b net loss in 3 years). Market cap is less than US$100m (JP¥6.32b market cap, or US$39.8m).
New Risk • Mar 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 6.0% 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: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.0b net loss in 3 years). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥6.14b market cap, or US$39.1m).
공시 • Feb 13TMS Co., Ltd., Annual General Meeting, Mar 27, 2026TMS Co., Ltd., Annual General Meeting, Mar 27, 2026.
New Risk • Jan 21New 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 5.4% 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: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.0b net loss in 3 years). Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥6.82b market cap, or US$43.1m).
분석 기사 • Jan 07Here's Why We're Not At All Concerned With TMS' (TSE:4891) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, although...
공시 • Dec 24TMS Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026TMS Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026
Price Target Changed • Oct 16Price target decreased by 18% to JP¥620Down from JP¥760, the current price target is provided by 1 analyst. New target price is 300% above last closing price of JP¥155. Stock is down 15% over the past year. The company is forecast to post a net loss per share of JP¥27.97 next year compared to a net loss per share of JP¥16.37 last year.
공시 • Aug 26TMS Co., Ltd. to Report Q2, 2026 Results on Oct 15, 2025TMS Co., Ltd. announced that they will report Q2, 2026 results on Oct 15, 2025
New Risk • Jul 22New major risk - Revenue and earnings growthEarnings have declined by 25% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥7.49b market cap, or US$50.8m).
공시 • May 24TMS Co., Ltd. to Report Q1, 2026 Results on Jul 15, 2025TMS Co., Ltd. announced that they will report Q1, 2026 results on Jul 15, 2025
공시 • Apr 25TMS Co., Ltd. Submits CTN for Phase II/III Orion Study Japan Cohort of JX10 to PMDATMS Co., Ltd. announced that the Company has submitted a Clinical Trial Plan Notification (CTN) to the Pharmaceuticals and Medical Devices Agency ("PMDA") for ORION (Optimizing Reperfusion to Improve Outcomes and Neurologic Function), the global registrational study conducted by Corxel Pharmaceuticals Limited (CORXEL) including Japan cohort, that will investigate the effects of JX10 (also known as TMS-007) on functional recovery in acute ischemic stroke (AIS) patients, who present within 4.5 to 24 hours from "last known well". The impact of this matter on the Company's financial results of this fiscal year is minor.
Breakeven Date Change • Apr 14No longer forecast to breakevenThe analyst covering TMS no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥369.0m in 2026. New forecast suggests the company will make a loss of JP¥961.0m in 2028.
Breakeven Date Change • Apr 12No longer forecast to breakevenThe analyst covering TMS no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥369.0m in 2026. New forecast suggests the company will make a loss of JP¥961.0m in 2028.
공시 • Apr 11TMS Co., Ltd., Annual General Meeting, May 29, 2025TMS Co., Ltd., Annual General Meeting, May 29, 2025.
New Risk • Mar 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.1b net loss in 3 years). Market cap is less than US$100m (JP¥7.14b market cap, or US$48.1m).
공시 • Feb 26TMS Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2025TMS Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2025
분석 기사 • Feb 21We Think TMS (TSE:4891) Can Afford To Drive Business GrowthJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
공시 • Feb 21TMS Co., Ltd. Provided Notice on the Status of JX10 (TMS-007) Clinical Trial Application in ChinaTMS Co., Ltd. announced that Corxel Pharmaceuticals announced that the Center for Drug Evaluation (CDE) of the National Medical Products Administration of the PRC (NMPA) has approved the Clinical Trial Application (CTA) for ORION (Optimizing Reperfusion to Improve Outcomes and Neurologic Function), the global registrational study including China cohort, that will investigate the effects of JX10 (TMS-007) on functional recovery in acute ischemic stroke (AIS) patients, who present within 4.5 to 24 hours from "last known well". The Company plans to participate in the global study as partner in Japan. About TMS-007(JX10) TMS-007 (JX10) is an investigational drug candidate for the treatment of acute cerebral infarction (AIS), and its mechanism of action is both thrombolytic and anti-inflammatory. The important thing in the treatment strategy for acute cerebral infarction is to restore blood flow as soon as possible after the onset of symptoms. TMS-007 (JX10) extends the short treatment period of administration within 4.5 hours after the onset of symptoms, which is the current standard of treatment, and may provide treatment opportunities to many patients. In a Phase II clinical trial conducted by our company in Japan, subjects administered TMS-007 (JX10) showed significantly improved clinical outcomes (no symptoms at all or symptoms but able to work without obvious impairment) after 90 days compared to placebo. This result was also confirmed by angiographic findings. TMS-007 (JX10) is currently undergoing a global study to further evaluate its efficacy and safety for the treatment of acute cerebral infarction by CORXEL.
공시 • Nov 27TMS Co., Ltd. to Report Q3, 2025 Results on Jan 14, 2025TMS Co., Ltd. announced that they will report Q3, 2025 results on Jan 14, 2025
분석 기사 • Oct 24Here's Why We're Not Too Worried About TMS' (TSE:4891) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
New Risk • Oct 11New major risk - Revenue and earnings growthEarnings have declined by 35% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (JP¥7.38b market cap, or US$49.6m).
공시 • Aug 23TMS Co., Ltd. to Report Q2, 2025 Results on Oct 15, 2024TMS Co., Ltd. announced that they will report Q2, 2025 results on Oct 15, 2024
New Risk • Jul 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.5b net loss in 3 years). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (JP¥10.2b market cap, or US$63.4m).
분석 기사 • Jun 24We're Not Very Worried About TMS' (TSE:4891) Cash Burn RateJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
공시 • Jun 19TMS Co., Ltd. Announces Dosing to the First Subject in TMS-008 Phase I Clinical TrialTMS Co., Ltd. announced that the first subject was dosed on June 19 in the Phase I clinical trial (Phase I single-dose, dose escalation study of TMS-008 in healthy adult male subjects; the Study) of TMS-008, which is being developed as a potential treatment for acute kidney injury. The results of previous non-clinical studies have confirmed the efficacy and safety of TMS-008 in the non-clinical phase of the study. In this Study, TMS-008 will be administered to healthy adult male subjects in escalating doses to confirm safety, tolerability, and pharmacokinetics in humans. The study will be conducted at the University of Tokyo Hospital. All subjects will be administered and observed by the end of this fiscal year, and the first readout is scheduled in the first quarter of fiscal year 2025. TMS-008 is a compound of SMTP (Stachybotrys microspora triprenyl phenol) family compounds derived from a type of black mold. The compound has strong anti-inflammatory and antioxidant activity by inhibiting soluble epoxide hydrolase (sEH) and is expected to have potential as a treatment for acute kidney injury.
공시 • May 27TMS Co., Ltd. to Report Q1, 2025 Results on Jul 12, 2024TMS Co., Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024
공시 • Apr 14TMS Co., Ltd., Annual General Meeting, May 28, 2024TMS Co., Ltd., Annual General Meeting, May 28, 2024.
공시 • Mar 01TMS Co., Ltd. Submits Clinical Trial Plan Notification for TMS-008 Phase I Clinical Trial in JapanTMS Co., Ltd. announced that the Company has submitted a Clinical Trial Plan Notification to the Pharmaceuticals and Medical Devices Agency ("PMDA") to start Phase I clinical trial (the "Trial") for TMS-008, which is under development for acute kidney injury and other indications. This is the First-In-Human study of TMS-008, in which TMS-008 will be administered incrementally to healthy adult male subjects to evaluate the pharmacokinetics, pharmacodynamics, and safety of TMS-008. The Trial is scheduled to begin after a 30-day investigation period by the PMDA. TMS-008 is a small molecule compound belonging to the SMTP (stachybotrys microspora triprenyl phenol) compound family derived from black mold, as TMS-007/JX10, expected to have potential as a therapeutic agent for acute kidney injury (AKI) with its anti-inflammatory activity based on soluble epoxide hydrolase (sEH) inhibition as well as antioxidant activity. AKI is an indication in which renal function rapidly declines over a period of hours to days, and no drug has been approved for treatment of AKI to date. AKI can be caused by a variety of reasons, including cardiac surgery and drug side effects. In a study of patients who underwent coronary artery bypass surgery or heart valve surgery, 43% of patients developed acute kidney injury after surgery, and the mortality rate within 30 days was reported to be as high as 20%. Due to these, it is expected there is a significant unmet medical need for effective therapeutic agents for AKI. This matter will have no impact on the Company's financial results.
공시 • Feb 23TMS Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2024TMS Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2024
New Risk • Feb 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.5b net loss in 3 years). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (JP¥11.3b market cap, or US$77.3m).
공시 • Feb 01TMS Co., Ltd. announced that it has received ¥684.324069 million in fundingOn January 31, 2024, TMS Co., Ltd. closed the transaction.
New Risk • Jan 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 23% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥1.5b net loss in 3 years). Market cap is less than US$100m (JP¥10.3b market cap, or US$69.7m).
공시 • Jan 13TMS Co., Ltd. announced that it expects to receive ¥684.324069 million in fundingTMS Co., Ltd. announced a private placement to issue 3,659,487 shares at a issue price 187 yen per share for a gross proceeds JPY 684,324,069 on January 11, 2024. The transaction included participation from RTW Master Fund, Ltd for 2,083,830 shares, RTW Innovation Master Fund, Ltd for 1,524,886 shares and RTW Biotech Opportunities Ltd for 50,771 shares. The transaction is expected to close on January 31, 2024.
공시 • Nov 23TMS Co., Ltd. to Report Q3, 2024 Results on Jan 15, 2024TMS Co., Ltd. announced that they will report Q3, 2024 results on Jan 15, 2024
New Risk • Oct 15New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: JP¥734m Forecast net loss in 3 years: JP¥325m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (JP¥325m net loss in 3 years). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥9.04b market cap, or US$60.5m).
공시 • Aug 09TMS Co., Ltd. to Report Q2, 2024 Results on Oct 13, 2023TMS Co., Ltd. announced that they will report Q2, 2024 results on Oct 13, 2023
공시 • May 26TMS Co., Ltd. to Report Q1, 2024 Results on Jul 14, 2023TMS Co., Ltd. announced that they will report Q1, 2024 results on Jul 14, 2023
공시 • Nov 27TMS Co., Ltd. to Report Q3, 2023 Results on Jan 13, 2023TMS Co., Ltd. announced that they will report Q3, 2023 results on Jan 13, 2023
공시 • Nov 23TMS Co., Ltd. has completed an IPO in the amount of ¥2.499971 billion.TMS Co., Ltd. has completed an IPO in the amount of ¥2.499971 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,145,400 Price\Range: ¥670 Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,585,900 Price\Range: ¥670 Transaction Features: Rule 144A; Sponsor Backed Offering