Tsuburaya Fields Holdings Inc

Tsuburaya Fields Holdings Inc maintains a conservative capital structure with a debt-to-equity ratio of 0.3, significantly below the industry median of 1.2, indicating a low leverage position. The company's liquidity position is robust, with cash and equivalents amounting to ¥22.04 billion, and a current ratio of 1.94, which is above the industry median of 1.5. However, operating cash flow is negative at ¥2.74 billion, suggesting operational inefficiencies or high working capital requirements.

Profitability metrics show mixed performance. Return on equity (ROE) is 4.15%, below the industry median of 6.5%, while return on assets (ROA) is 1.91%, also below the median of 3.2%. This indicates that the company is underperforming its peers in terms of asset utilization and shareholder returns. Gross profit of ¥6.61 billion represents 25.3% of revenue, which is in line with the industry median of 25.0%, but operating income of ¥2.51 billion is only 9.6% of revenue, below the median of 12.0%.

Geographically, the company's revenue is concentrated in Japan, with no disclosed international operations. Segment-wise, the company operates as a single business unit, with no material diversification across product lines or geographic regions. This concentration increases exposure to local economic and regulatory risks.

The company's growth trajectory is modest. Revenue for the latest period is ¥26.18 billion, with no disclosed year-over-year growth rate. Analysts have assigned a mean price target of ¥2,736.67, with a median of ¥2,140.00, suggesting a wide range of expectations. The mean recommendation of 2.00 (Buy) indicates a generally positive outlook, though the absence of strong-buy ratings suggests caution among analysts.

Risk factors include low liquidity and the potential for dilution, though no immediate flags were detected. The company has a low dilution risk, with shares outstanding remaining unchanged between basic and diluted counts. No recent filings or transcripts indicate material changes in risk exposure.

Recent events include the publication of the latest financial snapshot, which shows a net income of ¥1.70 billion. No material changes in operations or strategy were disclosed in the most recent filings or transcripts.

Revenue grew 23.9% year-over-year to JPY 174.1 billion in FY2026, demonstrating strong top-line expansion momentum.

Net income surged 16.9% to JPY 13.05 billion in FY2026, reflecting robust profitability growth.

Analysts project 98.6% upside to a mean price target of JPY 2,737, signaling significant undervaluation.

Long-term debt decreased to JPY 9.09 billion in FY2026, improving the balance sheet strength.

Free cash flow growth stalled at just 0.4% year-over-year, indicating weak cash generation despite revenue gains.

Cash conversion ratio of -1.61 places the company in the bottom quartile of its cohort.

Debt-to-equity ratio of 0.30 is below the cohort median, implying higher leverage relative to peers.

Only two analysts cover the stock, limiting the breadth of consensus price target validation.

Revenue ¥19.52B, −54,4% YoY; Operating income −124,2% YoY.

• ▍Revenue ¥19.52B, −54,4% YoY
• ▍Operating income −124,2% YoY
• ▍Net income −108,2% YoY
• ▍Net margin -2.0%

Revenue ¥58.66B, +12,8% YoY; Operating income −7,0% YoY.

• ▍Revenue ¥58.66B, +12,8% YoY
• ▍Operating income −7,0% YoY
• ▍Net income +7,9% YoY
• ▍Net margin 6.6%

Revenue ¥40.40B, +106,3% YoY; Operating income +263,9% YoY.

• ▍Revenue ¥40.40B, +106,3% YoY
• ▍Operating income +263,9% YoY
• ▍Net income +252,9% YoY
• ▍Net margin 9.8%

Revenue ¥55.55B, +112,2% YoY; Operating income +210,4% YoY.

• ▍Revenue ¥55.55B, +112,2% YoY
• ▍Operating income +210,4% YoY
• ▍Net income +228,5% YoY
• ▍Net margin 10.0%

Revenue ¥42.82B; Operating income ¥5.82B.

• ▍Revenue ¥42.82B
• ▍Operating income ¥5.82B
• ▍Net margin 11.1%

Revenue ¥52.00B; Operating income ¥5.31B.

• ▍Revenue ¥52.00B
• ▍Operating income ¥5.31B
• ▍Net margin 6.9%

Revenue ¥19.58B; Operating income ¥1.54B.

• ▍Revenue ¥19.58B
• ▍Operating income ¥1.54B
• ▍Net margin 5.8%

Revenue ¥26.18B; Operating income ¥2.51B.

• ▍Revenue ¥26.18B
• ▍Operating income ¥2.51B
• ▍Net margin 6.5%

Revenue ¥174.14B, +23,9% YoY; Operating income +11,6% YoY.

• ▍Revenue ¥174.14B, +23,9% YoY
• ▍Operating income +11,6% YoY
• ▍Net income +16,9% YoY
• ▍Free cash flow +0,4% YoY
• ▍Net margin 7.5%

Revenue ¥140.58B, −0,9% YoY; Operating income +19,9% YoY.

• ▍Revenue ¥140.58B, −0,9% YoY
• ▍Operating income +19,9% YoY
• ▍Net income −3,4% YoY
• ▍Free cash flow −4,5% YoY
• ▍Net margin 7.9%

Revenue ¥141.92B, +21,2% YoY; Operating income +16,1% YoY.

• ▍Revenue ¥141.92B, +21,2% YoY
• ▍Operating income +16,1% YoY
• ▍Net income +40,5% YoY
• ▍Free cash flow +15,8% YoY
• ▍Net margin 8.1%

Revenue ¥117.12B, +23,4% YoY; Operating income +209,9% YoY.

• ▍Revenue ¥117.12B, +23,4% YoY
• ▍Operating income +209,9% YoY
• ▍Net income +232,6% YoY
• ▍Free cash flow +246,6% YoY
• ▍Net margin 7.0%