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Tose Co., Ltd.
(4728)
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Rating:67Neutral
Price Target:
¥705.00
▲(10.16% Upside)
Action:Reiterated
Date:10/09/26
The score is driven primarily by solid financial stability from a debt-free balance sheet and improved profitability, offset by a major concern around cash-flow volatility and weak cash conversion in 2026. Technicals are mildly constructive with a modest uptrend, and valuation is supportive thanks to a reasonable P/E and an attractive dividend yield.
Positive Factors
Debt-free balance sheet
A zero-debt balance sheet materially reduces financial risk during uneven project cycles and limits interest burdens. It also preserves flexibility to withstand weaker contracts, support operations internally, and allocate capital toward future development opportunities without relying on leverage.
Negative Factors
Weak cash conversion
Negative operating and free cash flow alongside strong earnings weakens confidence in the quality and durability of reported profits. If this pattern persists, project timing or working-capital demands could constrain internally funded investment and reduce financial flexibility despite the debt-free balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt balance sheet materially reduces financial risk during uneven project cycles and limits interest burdens. It also preserves flexibility to withstand weaker contracts, support operations internally, and allocate capital toward future development opportunities without relying on leverage.
Read all positive factors
Tose Co., Ltd. (4728) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.74B
Dividend Yield4%
Average Volume (3M)7.30K
Price to Earnings (P/E)6.6
Beta (1Y)0.18
Revenue Growth-4.82%
EPS Growth186.71%
CountryJP
Employees613
SectorGeneral
Sector StrengthN/A
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)94.66
Shares Outstanding7,763,040
10 Day Avg. Volume10,440
30 Day Avg. Volume7,300
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.73
Price to Sales (P/S)0.78
P/FCF Ratio-10.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tose Co., Ltd. Business Overview & Revenue Model
Company Description
Tose Co., Ltd., established in Kyoto, Japan in 1979, is a comprehensive software developer with a broad scope. The company specializes in conceiving, creating, and managing games for diverse platforms, including home video game consoles (encompass...
Tose Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.32B | 6.64B | 4.62B | 5.78B | 5.66B |
| Gross Profit | 1.43B | 1.79B | 517.67M | 1.56B | 1.40B |
| EBITDA | 364.77M | 796.00M | -433.89M | 807.75M | 592.21M |
| Net Income | 717.45M | 250.00M | -260.92M | 499.10M | 310.04M |
Balance Sheet | |||||
| Total Assets | 8.20B | 7.89B | 7.26B | 7.68B | 7.31B |
| Cash, Cash Equivalents and Short-Term Investments | 2.56B | 1.70B | 1.61B | 3.12B | 2.19B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.38B | 1.73B | 1.18B | 1.12B | 1.11B |
| Stockholders Equity | 6.78B | 6.12B | 6.04B | 6.53B | 6.18B |
Cash Flow | |||||
| Free Cash Flow | -458.67M | 280.00M | -1.33B | 1.07B | 601.48M |
| Operating Cash Flow | -218.94M | 332.00M | -1.29B | 1.18B | 684.22M |
| Investing Cash Flow | 1.37B | -51.90M | 196.41M | -70.73M | 200.67M |
| Financing Cash Flow | -189.55M | -188.00M | -189.96M | -189.77M | -188.71M |
Tose Co., Ltd. Technical Analysis
Negative
640.00
Price Trends
643.12
Negative
636.03
Negative
631.87
Negative
Market Momentum
-4.68
Positive
30.58
Neutral
13.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4728, the sentiment is Negative. The current price of 640 is below the 20-day moving average (MA) of 640.55, below the 50-day MA of 643.12, and above the 200-day MA of 631.87, indicating a bearish trend. The MACD of -4.68 indicates Positive momentum. The RSI at 30.58 is Neutral, neither overbought nor oversold. The STOCH value of 13.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4728.
Tose Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥14.41B | 6.13 | ― | 1.01% | 16.24% | ― | |
70 Outperform | ¥9.43B | 14.70 | ― | 0.51% | -23.76% | -54.87% | |
67 Neutral | ¥4.74B | 6.60 | ― | 4.00% | -4.82% | 186.71% | |
59 Neutral | ¥6.49B | 11.74 | ― | 0.97% | 20.33% | 15.26% | |
58 Neutral | ¥6.65B | -45.10 | ― | 0.38% | -16.66% | 36.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ¥9.97B | -5.89 | ― | 0.71% | 26.98% | -143.29% |
* General Sector Average
JP:4728
Tose Co., Ltd.
625.00
2.48
0.40%
JP:3793
Drecom Co., Ltd.
496.00
24.00
5.08%
JP:3851
Nippon Ichi Software, Inc.
1,315.00
493.92
60.15%
JP:3903
gumi, Inc.
185.00
-282.00
-60.39%
JP:3904
KAYAC, Inc.
403.00
-30.68
-7.07%
JP:3911
Aiming, Inc.
202.00
-51.00
-20.16%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.