Toho Holdings Co., Ltd. (8129) AI Stock Analysis

• Market Cap: ¥318.25B
• Dividend Yield: 1.74%
• Average Volume (3M): 173.36K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 0.37
• Revenue Growth: 1.51%
• EPS Growth: 3.14%
• Country: JP
• Employees: 7,572
• Sector: Healthcare
• Sector Strength: 45
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): N/A
• Shares Outstanding: 73,025,940
• 10 Day Avg. Volume: 261,090
• 30 Day Avg. Volume: 173,356
• PEG Ratio: -6.56
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 0.19
• P/FCF Ratio: -9.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥5,800.00
• Price Target Upside: 13.77% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ¥5,269.00 ▲(3.35% Upside)

Toho Holdings' overall stock score is primarily impacted by its solid financial performance, despite concerns over cash flow. Technical analysis indicates bearish momentum, which weighs down the score. Valuation metrics are reasonable but do not suggest significant upside potential.

Toho Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Toho Holdings Co., Ltd. (8129) is a prominent Japanese company engaged primarily in the pharmaceutical and healthcare sectors. The company operates through various segments, including the distribution of pharmaceuticals, medical equipment, and health-related products. Toho Holdings is known for its expertise in providing comprehensive solutions for healthcare providers and institutions, ensuring a reliable supply of essential medicines and medical supplies. Additionally, the company invests in research and development to enhance its product offerings and maintain competitive edge in the market.

How the Company Makes Money

Toho Holdings generates revenue primarily through the distribution of pharmaceuticals and medical supplies to hospitals, clinics, and retail pharmacies. Its revenue model is built on a combination of wholesale distribution, direct sales, and partnerships with pharmaceutical manufacturers. Key revenue streams include the sale of prescription medications, over-the-counter drugs, and medical devices. The company may also earn income through value-added services such as logistics and supply chain management for healthcare providers. Strategic partnerships with major pharmaceutical companies enhance its product portfolio and market reach, contributing significantly to its earnings.

Toho Holdings Co., Ltd. Financial Statement Overview

Summary

Toho Holdings shows solid financial health with consistent revenue growth and a strong balance sheet. However, cash flow performance is concerning, with negative operating cash flow in 2025, which could impact future growth.

Income Statement

Toho Holdings demonstrated steady revenue growth over the past few years, with a notable increase of 3% from 2024 to 2025. Gross profit margin remained stable despite a slight decrease in gross profit. Net profit margin improved, reaching 13.1% in 2025. However, EBITDA margin showed a decline, indicating potential cost management issues.

Balance Sheet

The company's balance sheet is robust, with a debt-to-equity ratio that improved to 0.08 in 2025, indicating low leverage. The equity ratio remained healthy at 35.5%, showing strong equity financing. Return on equity improved to 7.7%, reflecting efficient use of equity capital.

Cash Flow

The cash flow analysis reveals some concerns, with operating cash flow turning negative in 2025. Free cash flow also declined significantly, showing a worrying trend in cash generation. However, the company has managed capital expenditures efficiently, which may support future cash flow improvements.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.52T	1.52T	1.48T	1.39T	1.27T	1.21T
Gross Profit	121.18B	121.65B	119.15B	110.81B	108.69B	99.37B
EBITDA	36.14B	34.19B	37.44B	26.91B	27.14B	17.15B
Net Income	21.39B	19.84B	20.66B	13.63B	13.38B	4.99B
Balance Sheet
Total Assets	741.92B	722.80B	773.43B	715.29B	702.38B	683.18B
Cash, Cash Equivalents and Short-Term Investments	99.87B	86.53B	132.97B	86.20B	94.26B	93.09B
Total Debt	19.01B	21.26B	30.24B	37.89B	40.74B	43.90B
Total Liabilities	486.21B	465.90B	523.99B	472.37B	461.10B	445.78B
Stockholders Equity	255.58B	256.78B	249.33B	242.82B	241.08B	237.40B
Cash Flow
Free Cash Flow	0.00	-30.73B	56.15B	-2.53B	12.14B	3.04B
Operating Cash Flow	0.00	-26.68B	59.93B	-9.00M	16.34B	8.77B
Investing Cash Flow	0.00	-4.18B	9.09B	4.32B	-11.03B	680.00M
Financing Cash Flow	0.00	-20.36B	-22.20B	-13.06B	-4.47B	-680.00M

Toho Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5098.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8129, the sentiment is Negative. The current price of 5098 is above the 20-day moving average (MA) of 4983.70, below the 50-day MA of 5283.80, and above the 200-day MA of 4744.05, indicating a neutral trend. The MACD of -140.50 indicates Positive momentum. The RSI at 36.42 is Neutral, neither overbought nor oversold. The STOCH value of 50.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8129.

Toho Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4569	69 Neutral	¥74.01B	8.66	―	3.70%	11.65%	93.46%
4553	68 Neutral	¥137.16B	6.65	11.81%	2.87%	9.32%	30.85%
4551	65 Neutral	―	―	―	―	10.91%	2.93%
8129	60 Neutral	¥318.25B	14.41	―	1.74%	1.51%	3.14%
4538	60 Neutral	¥18.61B	―	―	3.86%	7.50%	-281.41%
4887	57 Neutral	¥182.53B	199.01	―	2.93%	3.52%	-95.28%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

Toho Holdings Co., Ltd. Corporate Events

TOHO HOLDINGS Announces Progress in Share Buyback Program

TOHO HOLDINGS CO., LTD. announced the status of its share buyback program, acquiring 215,300 common shares at a cost of ¥1,201,076,293 between September 1 and September 30, 2025. This is part of a larger initiative authorized by the Board of Directors to repurchase up to 3,000,000 shares, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:8129) stock is a Hold with a Yen5000.00 price target. To see the full list of analyst forecasts on Toho Holdings Co., Ltd. stock, see the JP:8129 Stock Forecast page.

Toho Holdings Announces Progress in Share Buyback Program

Toho Holdings Co., Ltd. has announced the status of its share buyback program, acquiring 284,700 common shares at a cost of ¥1,518,262,300 between August 1 and August 31, 2025, through market purchases at the Tokyo Stock Exchange. This buyback is part of a larger plan approved by the Board of Directors to acquire up to 3,000,000 shares, representing 4.79% of the total issued shares, with a maximum budget of ¥10,000,000,000 by the end of 2025. The move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.

The most recent analyst rating on (JP:8129) stock is a Hold with a Yen5000.00 price target. To see the full list of analyst forecasts on Toho Holdings Co., Ltd. stock, see the JP:8129 Stock Forecast page.

Toho Holdings Completes Treasury Stock Disposal for Compensation

Toho Holdings Co., Ltd. announced the completion of payment procedures for the disposal of 10,800 shares of treasury stock as restricted stock compensation, a decision made by its Board of Directors on July 10, 2025. This move is part of the company’s strategy to align the interests of its directors and officers with those of shareholders, potentially impacting its corporate governance and stakeholder relations.

The most recent analyst rating on (JP:8129) stock is a Hold with a Yen4220.00 price target. To see the full list of analyst forecasts on Toho Holdings Co., Ltd. stock, see the JP:8129 Stock Forecast page.

Toho Holdings Reports Strong Profit Growth in Q1 2025

Toho Holdings Co., Ltd. reported a slight increase in net sales for the three months ended June 30, 2025, with a notable rise in operating and ordinary profits compared to the previous year. The company experienced significant growth in profit attributable to owners of the parent, reflecting an 85.8% increase. The financial forecast for the fiscal year ending March 31, 2026, anticipates continued growth in net sales and profits, despite a projected decline in full-year profit attributable to owners of the parent. The inclusion of K・Create Corporation in the scope of consolidation may impact future financial results.

The most recent analyst rating on (JP:8129) stock is a Hold with a Yen4320.00 price target. To see the full list of analyst forecasts on Toho Holdings Co., Ltd. stock, see the JP:8129 Stock Forecast page.

Toho Holdings Reports Strong Financial Performance in Q1 2025

Toho Holdings Co., Ltd. reported a slight increase in net sales by 0.7% for the quarter ending June 2025, with a significant rise in operating profit by 68.6% compared to the previous year. The company’s comprehensive income also saw a notable increase of 39.5%, indicating a strong financial performance that could positively impact its market position and stakeholder confidence.

The most recent analyst rating on (JP:8129) stock is a Hold with a Yen4320.00 price target. To see the full list of analyst forecasts on Toho Holdings Co., Ltd. stock, see the JP:8129 Stock Forecast page.

Toho Holdings Announces Progress in Share Buyback Program

Toho Holdings Co., Ltd. announced the status of its share buyback program, acquiring 349,400 common shares at a cost of ¥1,674,053,500 through market purchases at the Tokyo Stock Exchange in July 2025. This move is part of a broader strategy authorized by the Board of Directors to buy back up to 3,000,000 shares by the end of 2025, potentially impacting shareholder value and market perception.

The most recent analyst rating on (JP:8129) stock is a Hold with a Yen4320.00 price target. To see the full list of analyst forecasts on Toho Holdings Co., Ltd. stock, see the JP:8129 Stock Forecast page.