TBS HOLDINGS INC. AI Stock Analysis
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TBS HOLDINGS INC. (9401) AI Stock Analysis
TBS HOLDINGS INC.
(TSE/TYO:9401)
The score is supported mainly by solid fundamentals (rising revenue/net income and a conservative, low-leverage balance sheet), but it is held back by weak cash-flow quality (recently negative free cash flow and low operating cash flow vs. net income) and bearish technical signals (below key moving averages with negative MACD). Valuation is broadly fair with a modest dividend yield.
TBS HOLDINGS INC. (9401) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 2.48B
- Dividend Yield
- 1.63%
- Average Volume (3M)
- 331.67K
- Price to Earnings (P/E)
- 19.6
- Beta (1Y)
- 0.68
- Revenue Growth
- 2.31%
- EPS Growth
- -55.30%
- Country
- Japan
- Employees
- 8,518
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Broadcasting
TBS HOLDINGS INC. Business Overview & Revenue Model
Company Description
TBS Holdings, Inc., a company primarily operating in Japan, is involved in diverse fields including broadcasting, video and cultural production, and real estate. Its broadcasting activities cover television and radio, along with related services. The...
How the Company Makes Money
TBS HOLDINGS generates revenue primarily through its broadcasting and content-related operations. Key revenue streams typically include (1) advertising sales tied to TV broadcasting—selling airtime to advertisers and sponsors based on program slots a...
TBS HOLDINGS INC. Financial Statement Overview
Summary
Strong balance sheet with very low leverage (debt-to-equity ~0.07) and improving revenue and net profitability (net income up from 32.0B in 2022 to 52.2B in 2026). However, cash conversion is a clear weakness: operating cash flow fell sharply in 2026 and free cash flow turned negative again in 2025–2026, limiting the quality of earnings.
Income Statement
78PositiveBalance Sheet
84Very PositiveCash Flow
45Neutral| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 423.05B | 406.70B | 424.85B | 394.31B | 368.13B | 358.27B |
| Gross Profit | 137.82B | 128.74B | 141.30B | 120.42B | 116.42B | 114.82B |
| EBITDA | 82.42B | 87.60B | 100.16B | 32.11B | 36.03B | 35.95B |
| Net Income | 55.88B | 43.91B | 52.23B | 38.13B | 35.18B | 32.01B |
Balance Sheet | ||||||
| Total Assets | 1.55T | 1.30T | 1.63T | 1.57T | 1.07T | 1.20T |
| Cash, Cash Equivalents and Short-Term Investments | 70.05B | 74.63B | 124.23B | 43.74B | 97.65B | 98.78B |
| Total Debt | 16.40B | 14.24B | 74.11B | 4.02B | 20.31B | 26.19B |
| Total Liabilities | 417.75B | 346.89B | 492.83B | 417.55B | 271.68B | 318.63B |
| Stockholders Equity | 1.12T | 935.71B | 1.13T | 1.14T | 780.67B | 868.46B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -282.00M | -2.92B | 18.33B | 4.52B | -28.74B |
| Operating Cash Flow | 0 | 23.28B | 10.13B | 26.54B | 30.63B | -2.85B |
| Investing Cash Flow | 0 | 13.64B | 30.10B | -29.56B | -7.35B | -8.15B |
| Financing Cash Flow | 0 | -6.11B | 9.09B | -51.01B | -24.49B | -8.16B |
TBS HOLDINGS INC. Peers Comparison
Overall Rating
JP:940480Outperform
JP:941375Outperform
JP:941268Neutral
JP:940967Neutral- JP:940162Neutral
JP:467644Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:9404 | 80Outperform | JPY 719.94B | 12.34 | 5.47% | 1.58% | 3.56% | 3.39% |
| JP:9413 | 75Outperform | JPY 92.26B | 19.54 | ― | 3.96% | -1.17% | -49.86% |
| JP:9412 | 68Neutral | JPY 516.00B | 18.14 | 9.08% | 2.59% | 8.12% | 30.28% |
| JP:9409 | 67Neutral | JPY 343.16B | 11.95 | 6.06% | 2.69% | 4.11% | 4.48% |
| JP:9401 | 62Neutral | JPY 967.90B | 19.62 | 3.70% | 1.63% | 2.31% | -55.30% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| JP:4676 | 44Neutral | JPY 583.87B | 53.04 | 2.33% | 4.94% | 9.31% | ― |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:9401 | TBS HOLDINGS INC. | 6057.00 | 547.27 | 9.93% | |
| JP:4676 | Fuji Media Holdings | 4050.00 | 734.47 | 22.15% | |
| JP:9404 | Nippon Television Holdings | 2851.00 | -956.38 | -25.12% | |
| JP:9412 | SKY Perfect JSAT Holdings | 1812.00 | 106.54 | 6.25% | |
| JP:9409 | TV Asahi Holdings Corporation | 3340.00 | 119.43 | 3.71% | |
| JP:9413 | TV Tokyo Holdings Corporation | 3410.00 | -1379.99 | -28.81% |
TBS HOLDINGS INC. Corporate Events
TBS Holdings Posts Record Q1 Sales but Cuts Full-Year Profit Outlook
TBS HOLDINGS INC. reported record consolidated net sales for the first quarter of fiscal 2026, but operating profit declined as weakness in spot advertising at TBS TV offset gains in events, exhibitions, and anime-related revenue. Media and Content,...
TBS Holdings Posts Higher Sales but Profit Drop, Raises Dividend Outlook
TBS HOLDINGS reported first-quarter consolidated net sales of ¥105.4 billion, up 4.8% year on year, but saw operating profit fall 43% to ¥4.6 billion and profit attributable to owners decline 18.2% to ¥14.5 billion, while comprehensive income surged...
TBS HOLDINGS Reports Progress on Ongoing Share Buyback Program
TBS HOLDINGS has reported progress on its ongoing share repurchase program authorized by its board in May 2026, under which it is allowed to buy back up to 6.5 million shares or ¥36 billion. Between July 1 and July 31, 2026, the company repurchased 6...
TBS Holdings Names Chair of Corporate Value Appraisal Committee
TBS HOLDINGS, INC. has appointed outside director Yosuke Yagi as chairperson of its Special Committee for Appraising Corporate Value. The committee, composed entirely of outside directors and outside audit and supervisory board members, serves as an...
TBS Holdings Completes Restricted Share-Based Treasury Share Disposal
TBS HOLDINGS has completed payment procedures for the disposal of 52,979 treasury shares as restricted share-based remuneration, following a Board resolution in late June 2026. The common shares, priced at ¥5,991 each for a total of about ¥317.4 mill...
TBS HOLDINGS Advances Share Buyback, Repurchasing 2.74 Million Shares in June
TBS HOLDINGS, INC. has reported progress on its ongoing share buyback program authorized by its board in mid-May 2026, under which it is permitted to repurchase up to 6.5 million common shares or as much as ¥36 billion. Between June 1 and June 30, 20...
TBS Holdings to Grant Restricted Treasury Shares to Management
TBS HOLDINGS, INC. has approved the disposal of 52,979 treasury shares as restricted share-based remuneration to 38 directors, executive officers, and subsidiary executives, at a price of ¥5,991 per share for a total of about ¥317 million. The alloca...
TBS to Take 6.45% Stake in U-NEXT in Strategic Content Alliance
TBS HOLDINGS, INC. has agreed a capital and business alliance with U-NEXT HOLDINGS Co., Ltd., aiming to combine its drama and content production strengths with one of Japan’s largest streaming platforms to create globally competitive original content...
TBS Holdings Advances Capital Efficiency Drive With ¥16.8 Billion Share Buyback
TBS HOLDINGS, INC. has executed a share buyback via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system, repurchasing 2,739,600 common shares for a total of ¥16.82 billion on June 17, 2026. The move is part of the company’s strategy to improve ca...
TBS Holdings Sets Terms for First Tranche of ¥36 Billion Share Buyback
TBS HOLDINGS, INC. has approved a specific method to repurchase up to 3,500,000 of its common shares, representing 2.18% of its outstanding float, via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system at the June 16 closing price of ¥6,140. The...
TBS Holdings Reports No Purchases Yet Under New ¥36 Billion Share Buyback Program
TBS HOLDINGS, INC. has reported the initial status of a board-approved share buyback program authorized on May 14, 2026, allowing the repurchase of up to 6.5 million common shares, or about 4.05% of its outstanding stock, for as much as 36 billion ye...
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.
Date of analysis: Aug 17, 2026