Price Target Changed • Jun 04
Price target increased by 10% to JP¥3,020 Up from JP¥2,740, the current price target is provided by 1 analyst. New target price is 47% above last closing price of JP¥2,053. Stock is down 0.8% over the past year. The company is forecast to post earnings per share of JP¥189 for next year compared to JP¥118 last year. Major Estimate Revision • May 30
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast increased from JP¥269.5b to JP¥279.0b. EPS estimate fell from JP¥203 to JP¥167 per share. Net income forecast to grow 41% next year vs 11% growth forecast for Hospitality industry in Japan. Consensus price target of JP¥2,740 unchanged from last update. Share price fell 2.5% to JP¥1,942 over the past week. 6412
Live News • May 16
Heiwa to Launch Holding Company Structure in 2026 After Surpassing FY2026 Profit Forecasts Heiwa plans to shift to a pure holding company structure on October 1, 2026, under the new name HEIWA HOLDINGS INC., separating group oversight from day‑to‑day operations.
The pachinko and pachi slot machine operations will move into a new subsidiary, Olympia Co., Ltd., which will be led by current Representative Director Toshinobu Moromizato after his retirement from the board.
The company reported FY2026 results that came in above its initial sales and profit forecasts, supported by lower R&D spending in machines, gains on asset sales, reduced disaster recovery costs, and lower impairment losses in the golf business, while keeping dividends and the balance sheet steady.
This combination of a holding company transition and stronger‑than‑planned FY2026 earnings points to a management focus on clearer governance, capital allocation and steady shareholder returns.
Investors may want to watch how the new structure affects decision‑making speed in core pachinko operations and whether items such as asset sales and tax adjustments recur or fade in future profit figures. 
