Tosho Co., Ltd.

TSE:8920 Stock Report

Market Cap: JP¥29.3b

Tosho Past Earnings Performance

Past criteria checks 4/6

Tosho's earnings have been declining at an average annual rate of -2.2%, while the Hospitality industry saw earnings growing at 37.2% annually. Revenues have been growing at an average rate of 10.7% per year. Tosho's return on equity is 11.1%, and it has net margins of 12.9%.

Key information

-2.24%

Earnings growth rate

-1.86%

EPS growth rate

Hospitality Industry Growth7.31%
Revenue growth rate10.75%
Return on equity11.14%
Net Margin12.86%
Last Earnings Update31 Mar 2026

Recent past performance updates

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...

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...

Revenue & Expenses Breakdown

How Tosho makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:8920 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2627,5953,5481,5060
31 Dec 2526,9931,6521,4440
30 Sep 2535,5731,5801,4030
30 Jun 2536,7231,7361,6210
31 Mar 2535,6191,2281,6660
31 Dec 2441,408-9701,7580
30 Sep 2432,276-1,5801,8500
30 Jun 2430,856-2,2201,6730
31 Mar 2430,927-2,2291,6210
31 Dec 2324,9141,1301,6170
30 Sep 2324,2121,0871,4850
30 Jun 2323,4791,0031,4260
31 Mar 2322,5068571,4130
31 Dec 2228,8012,4361,4670
30 Sep 2228,4562,5391,4830
30 Jun 2227,8012,4621,4920
31 Mar 2227,3192,4241,4390
31 Dec 2119,7987731,3610
30 Sep 2119,3816871,3640
30 Jun 2119,4598911,4980
31 Mar 2117,6252171,5770
31 Dec 2026,0602,7841,9520
30 Sep 2028,1763,6892,2330
30 Jun 2030,2464,3272,2000
31 Mar 2034,4665,8032,4410
31 Dec 1928,3283,9702,1670
30 Sep 1928,1563,8812,1080
30 Jun 1927,8314,0002,3460
31 Mar 1927,2394,0232,3500
31 Dec 1826,6094,1712,4000
30 Sep 1825,7584,0332,3930
30 Jun 1825,0314,0192,1890
31 Mar 1824,1383,7662,2330
31 Dec 1723,3443,8552,2310
30 Sep 1722,5633,8002,1480
30 Jun 1721,9313,6992,0440
31 Mar 1721,3503,7261,8980
31 Dec 1620,8043,4971,9970
30 Sep 1620,2663,4281,8330
30 Jun 1619,6503,2311,7790
31 Mar 1619,2243,1561,6010
31 Dec 1518,6643,0151,6150

Quality Earnings: 8920 has high quality earnings.

Growing Profit Margin: 8920's current net profit margins (12.9%) are higher than last year (3.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 8920's earnings have declined by 2.2% per year over the past 5 years.

Accelerating Growth: 8920's earnings growth over the past year (188.9%) exceeds its 5-year average (-2.2% per year).

Earnings vs Industry: 8920 earnings growth over the past year (188.9%) exceeded the Hospitality industry 11%.

Return on Equity

High ROE: 8920's Return on Equity (11.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 11:59
End of Day Share Price 2026/05/25 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.