TYO:8985 Stock Forecast

Stock Price Forecast

According to 9 analysts polled by S&P Global, TYO:8985 stock has a consensus rating of "Buy" and an average price target of ¥93,588. The average 1-year stock price forecast is 20.76% higher than the current stock price, while the lowest is ¥87,000 (+12.26%) and the highest is ¥107,000 (+38.06%).

Price Target: ¥93,588 (+20.76%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	¥87,000	¥93,588	¥90,000	¥107,000
Change	+12.26%	+20.76%	+16.13%	+38.06%

* Price targets were last updated on Jan 16, 2026.

Analyst Ratings

The average analyst rating for TYO:8985 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	5	5
Buy	2	2	2	1	1	2
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	8	8	6	8	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Morgan Stanley No rating	Morgan Stanley	Hold Maintains ¥89,000	Hold	Maintains	¥89,000	+14.84%	Jan 16, 2026
Unknown Analyst SMBC Nikko No rating	SMBC Nikko	Buy Maintains ¥107,000	Buy	Maintains	¥107,000	+38.06%	Jan 14, 2026
Sachiko Okada Goldman Sachs	Goldman Sachs	Buy Maintains ¥90,000 → ¥107,000	Buy	Maintains	¥90,000 → ¥107,000	+38.06%	Dec 15, 2025

Financial Forecast

Revenue This Year

51.09B

from 45.56B

12.12%

from 45.56B

Revenue Next Year

53.18B

from 51.09B

4.11%

from 51.09B

EPS This Year

n/a

from -

EPS Next Year

n/a

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	13.63B	14.91B	26.57B	33.48B	45.56B	51.09B
Revenue Growth	-1.48%	9.38%	78.20%	25.99%	36.09%	12.12%
Net Income	1.30B	2.67B	13.13B	18.27B	27.15B	28.14B
Dividend / Share	366.00	682.00	3,015.00	3,937.00	5,061.00	5,169.76
Dividend Growth	-	86.34%	342.08%	30.58%	28.55%	2.15%
Free Cash Flow	5.46B	3.94B	11.73B	14.04B	23.03B	34.81B
FFO	-	-	-	-	-	36.53B
FFO / Share	-	-	-	-	-	6,104.50
P/FFO	-	-	-	-	-	12.70
No. Analysts	-	-	-	-	-	7

Financial currency is JPY.

Revenue Forecast

Revenue	2026	2027	2028
High	51.4B
Avg	51.1B
Low	50.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	12.8%
Avg	12.1%
Low	11.0%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2027	2028
High	-
Avg	-
Low	-