Trend Micro Incorporated

TSE:4704 Stock Report

Market Cap: JP¥1.0t

Trend Micro Future Growth

Future criteria checks 3/6

Trend Micro is forecast to grow earnings and revenue by 13.9% and 4.3% per annum respectively. EPS is expected to grow by 14.8% per annum. Return on equity is forecast to be 38.2% in 3 years.

Key information

13.9%

Earnings growth rate

14.80%

EPS growth rate

Software earnings growth19.0%
Revenue growth rate4.3%
Future return on equity38.15%
Analyst coverage

Good

Last updated01 Oct 2025

Recent future growth updates

Earnings Update: Here's Why Analysts Just Lifted Their Trend Micro Incorporated (TSE:4704) Price Target To JP¥9,407

Feb 20
Earnings Update: Here's Why Analysts Just Lifted Their Trend Micro Incorporated (TSE:4704) Price Target To JP¥9,407

Trend Micro Incorporated Just Missed Earnings - But Analysts Have Updated Their Models

Nov 14
Trend Micro Incorporated Just Missed Earnings - But Analysts Have Updated Their Models

Recent updates

Investors Interested In Trend Micro Incorporated's (TSE:4704) Earnings

Aug 09
Investors Interested In Trend Micro Incorporated's (TSE:4704) Earnings

Under The Bonnet, Trend Micro's (TSE:4704) Returns Look Impressive

Jul 22
Under The Bonnet, Trend Micro's (TSE:4704) Returns Look Impressive

Estimating The Intrinsic Value Of Trend Micro Incorporated (TSE:4704)

Apr 25
Estimating The Intrinsic Value Of Trend Micro Incorporated (TSE:4704)

Trend Micro (TSE:4704) Is Very Good At Capital Allocation

Mar 10
Trend Micro (TSE:4704) Is Very Good At Capital Allocation

Earnings Update: Here's Why Analysts Just Lifted Their Trend Micro Incorporated (TSE:4704) Price Target To JP¥9,407

Feb 20
Earnings Update: Here's Why Analysts Just Lifted Their Trend Micro Incorporated (TSE:4704) Price Target To JP¥9,407

Market Participants Recognise Trend Micro Incorporated's (TSE:4704) Earnings Pushing Shares 29% Higher

Feb 13
Market Participants Recognise Trend Micro Incorporated's (TSE:4704) Earnings Pushing Shares 29% Higher
User avatar

Unleashing Growth Through Subscription Shift And Global Expansion Strategy

Subscription model transition improves revenue stability and predicts higher margins, boosting recurring revenue growth.

Trend Micro Incorporated Just Missed Earnings - But Analysts Have Updated Their Models

Nov 14
Trend Micro Incorporated Just Missed Earnings - But Analysts Have Updated Their Models

Earnings and Revenue Growth Forecasts

TSE:4704 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2027300,41746,62151,06967,6397
12/31/2026285,27641,61046,04763,1427
12/31/2025274,11733,60645,81262,3107
6/30/2025272,01330,79930,53454,127N/A
3/31/2025274,20832,46224,93649,270N/A
12/31/2024272,63834,35821,84146,781N/A
9/30/2024267,62424,34317,54744,911N/A
6/30/2024263,68916,77022,89051,166N/A
3/31/2024255,91815,11126,03254,051N/A
12/31/2023248,69110,73130,86657,227N/A
9/30/2023245,42014,15733,96557,143N/A
6/30/2023238,02926,73731,72254,148N/A
3/31/2023232,07227,68635,53657,137N/A
12/31/2022223,79529,84335,92456,903N/A
9/30/2022213,27941,18938,35859,694N/A
6/30/2022204,33236,82640,29560,426N/A
3/31/2022196,19238,09437,61657,369N/A
12/31/2021190,35938,36736,48055,267N/A
9/30/2021186,21233,59337,96155,448N/A
6/30/2021181,57928,28240,96756,743N/A
3/31/2021176,53026,84745,40859,002N/A
12/31/2020174,06126,90442,47054,310N/A
9/30/2020171,29124,60441,54152,161N/A
6/30/2020169,54629,42642,98553,063N/A
3/31/2020167,84829,90837,83248,305N/A
12/31/2019165,19527,94634,41745,109N/A
9/30/2019163,36729,62734,87946,157N/A
6/30/2019162,38028,49132,98944,682N/A
3/31/2019161,88928,628N/A47,030N/A
12/31/2018160,41028,314N/A49,959N/A
9/30/2018159,00526,186N/A51,461N/A
6/30/2018155,66227,784N/A49,710N/A
3/31/2018151,55426,846N/A49,607N/A
12/31/2017148,81125,691N/A46,915N/A
9/30/2017147,47431,453N/A45,314N/A
6/30/2017141,65627,414N/A42,192N/A
3/31/2017137,32424,417N/A37,828N/A
12/31/2016131,93624,651N/A33,510N/A
9/30/2016124,96218,004N/A29,009N/A
6/30/2016124,56819,603N/A29,221N/A
3/31/2016124,28621,594N/A30,266N/A
12/31/2015124,31721,435N/A30,490N/A
9/30/2015122,86322,957N/A31,236N/A
6/30/2015120,54821,983N/A30,824N/A
3/31/2015117,58121,770N/A30,930N/A
12/31/2014115,20522,303N/A31,942N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4704's forecast earnings growth (13.9% per year) is above the savings rate (0.5%).

Earnings vs Market: 4704's earnings (13.9% per year) are forecast to grow faster than the JP market (8.1% per year).

High Growth Earnings: 4704's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4704's revenue (4.3% per year) is forecast to grow slower than the JP market (4.4% per year).

High Growth Revenue: 4704's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 4704's Return on Equity is forecast to be high in 3 years time (38.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/08 22:59
End of Day Share Price 2025/10/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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

Trend Micro Incorporated is covered by 25 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yuki KanekoBofA Global Research
Hideo NodaCLSA
Jay DefibaughCLSA