Tosho Co., Ltd.

TSE:8920 Stock Report

Market Cap: JP¥28.1b

Tosho Future Growth

Future criteria checks 0/6

Tosho's earnings are forecast to decline at 1.9% per annum while its annual revenue is expected to grow at 4.9% per year. EPS is expected to decline by 1% per annum. Return on equity is forecast to be 7.2% in 3 years.

Key information

-1.9%

Earnings growth rate

-1.03%

EPS growth rate

Hospitality earnings growth12.8%
Revenue growth rate4.9%
Future return on equity7.18%
Analyst coverage

Low

Last updated04 Jun 2026

Recent future growth updates

Analysis Article • Nov 11

Tosho Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Tosho Co., Ltd. ( TSE:8920 ) came out with its half-year results last week, and we wanted to see how the business is...

Recent updates

Analysis Article • Feb 04

These 4 Measures Indicate That Tosho (TSE:8920) Is Using Debt Safely

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Nov 19

Statutory Profit Doesn't Reflect How Good Tosho's (TSE:8920) Earnings Are

Tosho Co., Ltd. ( TSE:8920 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Analysis Article • Nov 11

Tosho Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Tosho Co., Ltd. ( TSE:8920 ) came out with its half-year results last week, and we wanted to see how the business is...
Analysis Article • May 20

We Think Tosho's (TSE:8920) Profit Is Only A Baseline For What They Can Achieve

Tosho Co., Ltd.'s ( TSE:8920 ) strong earnings report was rewarded with a positive stock price move. We have done some...
Analysis Article • Apr 07

Some Tosho Co., Ltd. (TSE:8920) Shareholders Look For Exit As Shares Take 28% Pounding

Tosho Co., Ltd. ( TSE:8920 ) shareholders that were waiting for something to happen have been dealt a blow with a 28...
Analysis Article • Sep 04

Revenues Not Telling The Story For Tosho Co., Ltd. (TSE:8920) After Shares Rise 31%

Those holding Tosho Co., Ltd. ( TSE:8920 ) shares would be relieved that the share price has rebounded 31% in the last...
Analysis Article • Aug 31

Analysts Just Made A Decent Upgrade To Their Tosho Co., Ltd. (TSE:8920) Forecasts

Shareholders in Tosho Co., Ltd. ( TSE:8920 ) may be thrilled to learn that the analysts have just delivered a major...
Analysis Article • Aug 02

Does Tosho (TSE:8920) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Earnings and Revenue Growth Forecasts

TSE:8920 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202931,7623,2955,9437,4123
3/31/202830,0013,1855,7297,2553
3/31/202728,0043,0445,2246,7563
3/31/202627,5953,5485,1747,899N/A
12/31/202526,9931,652N/AN/AN/A
9/30/202535,5731,58014,29516,646N/A
6/30/202536,7231,736N/AN/AN/A
3/31/202535,6191,2286,47315,425N/A
12/31/202441,408-970N/AN/AN/A
9/30/202432,276-1,5801,71710,410N/A
6/30/202430,856-2,220N/AN/AN/A
3/31/202430,927-2,2297,34310,900N/A
12/31/202324,9141,130N/AN/AN/A
9/30/202324,2121,087-2,687976N/A
6/30/202323,4791,003N/AN/AN/A
3/31/202322,506857-14,245-12,445N/A
12/31/202228,8012,436N/AN/AN/A
9/30/202228,4562,539-1,664282N/A
6/30/202227,8012,462N/AN/AN/A
3/31/202227,3192,42411,37813,162N/A
12/31/202119,798773N/AN/AN/A
9/30/202119,3816872,2124,283N/A
6/30/202119,459891N/AN/AN/A
3/31/202117,625217-5,329-1,448N/A
12/31/202026,0602,784N/AN/AN/A
9/30/202028,1763,6891,5307,614N/A
6/30/202030,2464,327N/AN/AN/A
3/31/202034,4665,8036,83513,963N/A
12/31/201928,3283,970N/AN/AN/A
9/30/201928,1563,881N/A6,774N/A
6/30/201927,8314,000N/AN/AN/A
3/31/201927,2394,023N/A6,385N/A
12/31/201826,6094,171N/AN/AN/A
9/30/201825,7584,033N/A6,126N/A
6/30/201825,0314,019N/AN/AN/A
3/31/201824,1383,766N/A6,658N/A
12/31/201723,3443,855N/AN/AN/A
9/30/201722,5633,800N/A6,014N/A
6/30/201721,9313,699N/AN/AN/A
3/31/201721,3503,726N/A4,856N/A
12/31/201620,8043,497N/AN/AN/A
9/30/201620,2663,428N/A5,104N/A
6/30/201619,6503,231N/AN/AN/A
3/31/201619,2243,156N/A5,815N/A
12/31/201518,6643,015N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8920's earnings are forecast to decline over the next 3 years (-1.9% per year).

Earnings vs Market: 8920's earnings are forecast to decline over the next 3 years (-1.9% per year).

High Growth Earnings: 8920's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 8920's revenue (4.9% per year) is forecast to grow slower than the JP market (6.6% per year).

High Growth Revenue: 8920's revenue (4.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 8920's Return on Equity is forecast to be low in 3 years time (7.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 09:25
End of Day Share Price 2026/07/13 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tosho Co., Ltd. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Junichi ShimizuDeutsche Bank
Yukiko NonamiGoldman Sachs
Seiichiro SamejimaIchiyoshi Research Institute Inc.