company background image

Tohokushinsha Film TSE:2329 Stock Report

Last Price


Market Cap







02 Jul, 2022


Company Financials
2329 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health5/6

2329 Stock Overview

Tohokushinsha Film Corporation engages in the media business in Japan.

Tohokushinsha Film Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tohokushinsha Film
Historical stock prices
Current Share PriceJP¥666.00
52 Week HighJP¥714.00
52 Week LowJP¥591.00
1 Month Change6.90%
3 Month Change4.88%
1 Year Change-3.06%
3 Year Change14.43%
5 Year Change-8.64%
Change since IPO-21.65%

Recent News & Updates

Shareholder Returns

2329JP EntertainmentJP Market

Return vs Industry: 2329 exceeded the JP Entertainment industry which returned -5.2% over the past year.

Return vs Market: 2329 exceeded the JP Market which returned -7% over the past year.

Price Volatility

Is 2329's price volatile compared to industry and market?
2329 volatility
2329 Average Weekly Movement3.1%
Entertainment Industry Average Movement6.0%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.4%
10% least volatile stocks in JP Market2.2%

Stable Share Price: 2329 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2329's weekly volatility (3%) has been stable over the past year.

About the Company

19611,571Shinya Nakajima

Tohokushinsha Film Corporation engages in the media business in Japan. The company develops and produces television programs, unrivaled web, and corporate and event video content; feature films and drama series for television; animations and games; visual media; content; documentaries; television commercials, web videos; and motion pictures. It also involves in the commercial production, promotions, broadcasting and streaming services, management of voice and translator as dubbing, and sales of media storage and recording devices, as well as operation of supermarkets and brewery, and provision of interior design services.

Tohokushinsha Film Fundamentals Summary

How do Tohokushinsha Film's earnings and revenue compare to its market cap?
2329 fundamental statistics
Market CapJP¥29.94b
Earnings (TTM)JP¥3.07b
Revenue (TTM)JP¥52.76b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2329 income statement (TTM)
Cost of RevenueJP¥38.43b
Gross ProfitJP¥14.33b
Other ExpensesJP¥11.26b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)68.26
Gross Margin27.16%
Net Profit Margin5.82%
Debt/Equity Ratio2.1%

How did 2329 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 2329 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2329?

Other financial metrics that can be useful for relative valuation.

2329 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2329's PE Ratio compare to its peers?

2329 PE Ratio vs Peers
The above table shows the PE ratio for 2329 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average40.2x
4301 Amuse
7094 NexTone
7860 Avex
2329 Tohokushinsha Film

Price-To-Earnings vs Peers: 2329 is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (40.2x).

Price to Earnings Ratio vs Industry

How does 2329's PE Ratio compare vs other companies in the JP Entertainment Industry?

Price-To-Earnings vs Industry: 2329 is good value based on its Price-To-Earnings Ratio (9.8x) compared to the JP Entertainment industry average (18.5x)

Price to Earnings Ratio vs Fair Ratio

What is 2329's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2329 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2329's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 2329 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2329 (¥666) is trading below our estimate of fair value (¥2753.45)

Significantly Below Fair Value: 2329 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2329's PEG Ratio to determine if it is good value.

Discover undervalued companies

Future Growth

How is Tohokushinsha Film forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Media industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tohokushinsha Film has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

  • Examine whether Tohokushinsha Film is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Tohokushinsha Film performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2329 has high quality earnings.

Growing Profit Margin: 2329's current net profit margins (5.8%) are higher than last year (1.5%).

Past Earnings Growth Analysis

Earnings Trend: 2329's earnings have declined by 2.9% per year over the past 5 years.

Accelerating Growth: 2329's earnings growth over the past year (275.1%) exceeds its 5-year average (-2.9% per year).

Earnings vs Industry: 2329 earnings growth over the past year (275.1%) exceeded the Entertainment industry 6.1%.

Return on Equity

High ROE: 2329's Return on Equity (4.2%) is considered low.

Discover strong past performing companies

Financial Health

How is Tohokushinsha Film's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2329's short term assets (¥58.9B) exceed its short term liabilities (¥16.4B).

Long Term Liabilities: 2329's short term assets (¥58.9B) exceed its long term liabilities (¥5.4B).

Debt to Equity History and Analysis

Debt Level: 2329 has more cash than its total debt.

Reducing Debt: 2329's debt to equity ratio has increased from 2.1% to 2.1% over the past 5 years.

Debt Coverage: 2329's debt is well covered by operating cash flow (321.5%).

Interest Coverage: 2329 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Discover healthy companies


What is Tohokushinsha Film current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2329's dividend (2.55%) is higher than the bottom 25% of dividend payers in the JP market (1.69%).

High Dividend: 2329's dividend (2.55%) is low compared to the top 25% of dividend payers in the JP market (3.74%).

Stability and Growth of Payments

Stable Dividend: 2329's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2329's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.8%), 2329's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (17.2%), 2329's dividend payments are well covered by cash flows.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Shinya Nakajima (63 yo)



Mr. Shinya Nakajima has been President and Chief Executive Officer of Tohokushinsha Film Corporation since February 26, 2021 and serves as its Representative Director. He was Executive Vice President of To...

Leadership Team

Experienced Management: 2329's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: 2329's board of directors are considered experienced (3.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Tohokushinsha Film Corporation's employee growth, exchange listings and data sources

Key Information

  • Name: Tohokushinsha Film Corporation
  • Ticker: 2329
  • Exchange: TSE
  • Founded: 1961
  • Industry: Movies and Entertainment
  • Sector: Media
  • Implied Market Cap: JP¥29.936b
  • Shares outstanding: 44.95m
  • Website:

Number of Employees


  • Tohokushinsha Film Corporation
  • 4-8-10 Akasaka
  • Minato-ku
  • Tokyo
  • 107-8460
  • Japan


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 00:00
Annual Earnings2022/03/31

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 here.