1. Japan Stocks

  2. •

    Communication Services

  3. •

    Broadcasting
TBS Holdings,Inc.

TBS Holdings,Inc.

9401.T
TBS Holdings,Inc.JP flagTokyo Stock Exchange
6,556.00
JPY
+113.00
- -
1.03TMarket Cap
TBS Holdings,Inc.
9401.T
(Tokyo Stock Exchange)

Recent

price

6,556.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,803.99
2,218.07
2,314.93
2,249.24
2,148.19
1,998.33
2,036.22
2,072.41
2,097.44
2,048.94
1,906.29
2,097.08
2,184.38
2,402.3
2,528.7
2,695.94
1,259.02
Revenue per Share
0.54
74.7
60.27
61.22
79.12
83.12
92.46
98.38
144.3
173.28
164.31
187.35
208.76
232.28
273.04
331.42
175.05
Basic EPS, GAAP
107.36
138.7
103.06
70.37
115.09
136.87
147.78
147.46
33.52
21.32
-111.94
-187.32
14.21
92.76
-20.58
-41.39
- -
Free Cash Flow per Basic Share
5.03
8.55
17.02
18.9
20.93
20.12
26.97
31.99
31
30.06
32.14
30
42.32
45.16
50.35
78.23
- -
Dividend per Share
1,404.93
1,774.83
1,865
1,844.23
1,851.01
1,781.31
1,845.7
1,815.73
1,925.71
2,073.86
2,245.93
2,416.29
2,615.91
2,873
3,154.66
3,472.77
3,102.8
Book Value per Share
1,640.83
1,863.21
2,071.46
2,260.8
2,648.86
2,474.83
2,828.22
3,304.28
3,315.8
3,284.2
4,540.05
5,068.72
4,635.94
6,682.86
5,591.65
6,894.55
6,038.89
Tangible Book Value per Share
190
156
152
158
162
174
175
175
175
174
171
171
169
164
161
158
162
Basic Weighted Avg Shares
342,754
346,538
352,351
354,338
347,817
348,539
355,363
361,954
366,353
356,796
325,682
358,269
368,130
394,309
406,700
424,850
203,496
Sales/Revenue/Turnover
2.25
3.51
4.59
4.43
4.52
4.93
5.59
5.19
5.07
3.67
3.33
5.68
5.65
3.85
4.79
5.83
3.16
Operating Margin (%)
18,364
17,024
15,752
16,777
16,118
15,824
15,410
16,662
16,693
16,639
16,547
15,575
15,203
16,883
17,754
18,265
- -
Depreciation Expense
103
11,671
9,173
9,644
12,811
14,497
16,136
17,182
25,205
30,174
28,072
32,008
35,182
38,126
43,914
52,228
28,294
Net Income, GAAP
107.82
24.75
23.48
36.03
33.78
32.29
33.68
34.17
34.4
33.83
36.49
31.71
32.65
31.63
34.72
35.18
30.13
Effective Tax Rate (%)
0.03
3.37
2.6
2.72
3.68
4.16
4.54
4.75
6.88
8.46
8.62
8.93
9.56
9.67
10.8
12.29
13.9
Profit Margin (%)
67,866
51,212
43,040
47,145
68,055
54,200
68,248
62,278
64,093
77,779
103,877
123,100
104,999
59,406
93,176
158,972
87,349
Working Capital
91,814
99,235
77,590
56,120
54,493
23,229
18,001
3,679
2,233
1,336
27,436
26,186
208
3,485
13,001
72,295
3,440
LT Debt
344,658
322,594
344,471
385,969
456,117
458,207
517,429
600,949
601,289
591,928
794,883
883,000
796,183
1,149,945
949,231
1,135,388
1,027,648
Total Equity
-0.12
1.91
2.71
2.17
2.11
2.24
2.47
2.1
1.96
1.42
0.95
1.58
1.61
1.04
1.18
1.45
0.46
Return on Invested Capital (%)
0.08
2.65
2
2.22
3.33
3.7
4.24
4.62
6.84
8
7.01
7.16
7.32
7.63
8.29
8.9
5.54
Return on Capital (%)
0.04
4.29
3.27
3.36
4.34
4.75
5.1
5.38
7.71
8.65
7.54
8.04
8.24
8.36
8.97
9.9
5.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
400
- -
400
LT Borrowings
3,383
- -
3,183
LT Finance Leases
102
- -
257
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
162
- -
162
Market Capitalization
718,869
655,249
629,873

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
154,399
- -
180,244
Cash, Cash Equivalents & STI
43,738
- -
67,395
Accounts Receivable, Net
74,375
- -
74,976
Inventories
19,200
- -
17,622
Total Current Liabilities
94,993
- -
92,895
Payables & Accruals
- -
- -
- -
ST Debt
400
- -
400
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.97%
9.57%
19.61%
Free Cash Flow
-24.99%
94.22%
97.04%
Net Income, GAAP
14.36%
13.28%
18.93%
Sales/Revenue/Turnover
2.12%
5.49%
4.46%
Total Cash Common Dividend
14.92%
19.58%
52.24%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
94,777
96,036
104,652
98,844
394,309
2025
- -
- -
- -
- -
406,700
2026
- -
- -
- -
- -
424,850

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
58.91
- -
- -
- -
232.28
2025
- -
- -
- -
- -
273.04
2026
- -
- -
- -
- -
331.42

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
45.16
2025
- -
- -
- -
- -
50.35
2026
- -
- -
- -
- -
78.23
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Business
TBS Holdings, Inc. (9401.T) operates as a holding company primarily engaged in broadcasting, media content production, lifestyle services, and real estate activities in Japan. Established on May 10, 1951 and headquartered at 5-3-6 Akasaka, Minato-ku, Tokyo, the company oversees subsidiaries including TBS Television (JORX-DTV Channel 22), BS-TBS (Channel 161), and TBS Radio (JOKR AM 954 kHz/FM 90.5 MHz); it plans, produces, distributes, and sells video, audio, music software, and related content through its Media and Content segment. The Lifestyle segment provides retailing of general merchandise, manufacturing and sales of cosmetic products, and mail-order services, while the Real Estate and Other segment handles leasing, maintenance, and servicing of properties, parking lot and studio management, air conditioning services, staffing, accounting, land rental, heat supply, equipment leasing, and non-life insurance agency operations. The company maintains a nationwide presence through its 28-affiliate Japan News Network (JNN) television network and focuses on target markets including broadcasters, content distributors, retailers, consumers, and real estate tenants primarily within Japan. In recent developments, TBS Holdings entered a capital and business alliance with Shochiku Co., Ltd. in January 2024 to collaborate on content production; it completed the acquisition of WACUL, Inc. via tender offer for ¥3.91 billion on July 4, 2025 to bolster its EDGE strategy in digital marketing, global expansion, and experiential content using WACUL's digital transformation expertise and TBS ID data synergies.