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TMS Co., Ltd.
(4891)
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Rating:42Neutral
Price Target:
¥101.00
▼(-21.71% Downside)
Action:Reiterated
Date:06/20/26
The score is driven primarily by weak financial performance (ongoing losses, lack of recurring revenue, and persistent cash burn) despite a debt-free balance sheet. Technicals further pressure the score as the stock trades well below key moving averages with negative MACD and very oversold momentum indicators. Valuation contributes modestly negatively because the negative P/E reflects unprofitable operations and there is no dividend support.
Positive Factors
Conservative balance sheet
A debt-free, conservatively financed balance sheet materially lowers structural financial risk and interest burden. Over 2-6 months this provides flexibility to prioritize R&D or strategic options, reduces default risk, and improves ability to raise non-debt financing without near-term covenant pressure.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow across multiple years signals structural funding risk. Over months this erodes available liquidity, forces reliance on external financing or asset sales, and constrains investment in clinical or commercial activities, undermining long-term viability without corrective action.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A debt-free, conservatively financed balance sheet materially lowers structural financial risk and interest burden. Over 2-6 months this provides flexibility to prioritize R&D or strategic options, reduces default risk, and improves ability to raise non-debt financing without near-term covenant pressure.
Read all positive factors
TMS Co., Ltd. (4891) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.02B
Dividend YieldN/A
Average Volume (3M)256.91K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees14
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-16.99
Shares Outstanding45,664,467
10 Day Avg. Volume257,770
30 Day Avg. Volume256,913
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)2.07
Price to Sales (P/S)0.00
P/FCF Ratio-7.34
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)-25.28
Revenue Forecast (FY)N/A
TMS Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 2005 and headquartered in Fuchu, Japan, TMS Co., Ltd. focuses on the research, development, manufacturing, and commercialization of pharmaceuticals, quasi-drugs, drug substances, medical devices, and various medical commodities. The...
How the Company Makes Money
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TMS Co., Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.95B |
| Gross Profit | -501.00K | -314.40K | -3.71M | -6.95M | -6.60M | 1.74B |
| EBITDA | -1.02B | -836.05M | -655.89M | -937.00M | -513.55M | 1.14B |
| Net Income | -699.20M | -859.27M | -660.55M | -960.04M | -860.92M | 1.08B |
Balance Sheet | ||||||
| Total Assets | 3.21B | 2.87B | 3.03B | 3.55B | 3.79B | 2.74B |
| Cash, Cash Equivalents and Short-Term Investments | 3.18B | 2.78B | 2.92B | 3.45B | 3.58B | 2.60B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 122.98M | 95.00M | 216.78M | 97.69M | 76.16M | 286.78M |
| Stockholders Equity | 3.09B | 2.77B | 2.82B | 3.46B | 3.71B | 2.45B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -782.43M | -524.60M | -826.17M | -702.14M | 1.25B |
| Operating Cash Flow | 0.00 | -779.89M | -493.76M | -822.81M | -688.42M | 1.26B |
| Investing Cash Flow | 0.00 | -2.54M | -30.84M | -3.36M | -13.72M | -16.96M |
| Financing Cash Flow | 0.00 | 640.52M | 919.00K | 688.13M | 1.69B | 246.48M |
TMS Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | ¥19.93B | -10.61 | ― | ― | ― | 6.10% | |
47 Neutral | ¥7.41B | 47.44 | ― | ― | 4.93% | -59.57% | |
45 Neutral | ¥12.26B | -20.03 | ― | ― | -25.02% | -697.06% | |
43 Neutral | ¥34.70B | -10.63 | ― | ― | -87.41% | 43.60% | |
42 Neutral | ¥5.02B | -7.28 | ― | ― | ― | ― | |
42 Neutral | ¥8.73B | -7.90 | ― | ― | -62.06% | 7.56% |
* Healthcare Sector Average
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TMS Co., Ltd. Corporate Events
TMS Posts Quarterly Loss, Maintains Strong Equity Base and Suspends Guidance
May 15, 2026
TMS Co., Ltd. reported a non-consolidated net loss of ¥204 million for the three months ended March 31, 2026, with operating and ordinary losses of ¥203 million and basic earnings per share of negative ¥4.49. Despite the loss, the c...
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.