TYO:3231 Stock Forecast

Stock Price Forecast

According to 10 analysts polled by S&P Global, TYO:3231 stock has a consensus rating of "Buy" and an average price target of ¥1,143. The average 1-year stock price forecast is 23.44% higher than the current stock price, while the lowest is ¥960 (+3.64%) and the highest is ¥1,250 (+34.95%).

Price Target: ¥1,143 (+23.44%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	¥960	¥1,143	¥1,195	¥1,250
Change	+3.64%	+23.44%	+29.01%	+34.95%

* Price targets were last updated on Feb 4, 2026.

Analyst Ratings

The average analyst rating for TYO:3231 stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	5	4	4	3	3	3
Buy	2	2	2	3	3	3
Hold	3	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	10	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst SMBC Nikko No rating	SMBC Nikko	Hold Downgrades ¥1,130 → ¥1,160	Hold	Downgrades	¥1,130 → ¥1,160	+25.23%	Feb 4, 2026
Unknown Analyst UBS No rating	UBS	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Jan 30, 2026
Unknown Analyst Daiwa No rating	Daiwa	Buy Maintains ¥1,140	Buy	Maintains	¥1,140	+23.07%	Dec 18, 2025
Unknown Analyst Morgan Stanley No rating	Morgan Stanley	Hold Maintains ¥950	Hold	Maintains	¥950	+2.56%	Dec 10, 2025

Financial Forecast

Revenue This Year

1.05T

from 942.51B

11.09%

from 942.51B

Revenue Next Year

1.08T

from 1.05T

3.10%

from 1.05T

EPS This Year

n/a

from -

EPS Next Year

n/a

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	645.05B	654.74B	734.72B	757.64B	942.51B	1.05T
Revenue Growth	11.09%	1.50%	12.22%	3.12%	24.40%	11.09%
Gross Profit	205.31B	222.66B	244.47B	266.60B	302.58B	323.19B
Gross Margin	31.83%	34.01%	33.27%	35.19%	32.10%	30.87%
Operating Income	91.21B	99.60B	112.12B	118.96B	138.24B	145.18B
Net Income	55.31B	64.52B	68.16B	74.84B	82.88B	89.01B
Dividend / Share	19.50	24.00	28.00	34.00	40.00	45.80
Dividend Growth	-	23.08%	16.67%	21.43%	17.65%	14.50%
Free Cash Flow	20.15B	-114.47B	16.23B	-349.72B	-108.88B	-28.46B
No. Analysts	-	-	-	-	-	11

Financial currency is JPY.

Revenue Forecast

Revenue	2027	2028	2029
High	1.1T
Avg	1.0T
Low	960.0B

Revenue Growth

Revenue Growth	2027	2028	2029
High	14.6%
Avg	11.1%
Low	1.9%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2028	2029
High	-
Avg	-
Low	-