TYO:9020 Stock Forecast

Stock Price Forecast

According to 12 analysts polled by S&P Global, TYO:9020 stock has a consensus rating of "Buy" and an average price target of ¥4,028. The average 1-year stock price forecast is 17.94% higher than the current stock price, while the lowest is ¥3,400 (-0.44%) and the highest is ¥4,700 (+37.63%).

Price Target: ¥4,028 (+17.94%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	¥3,400	¥4,028	¥4,000	¥4,700
Change	-0.44%	+17.94%	+17.13%	+37.63%

* Price targets were last updated on Feb 25, 2026.

Analyst Ratings

The average analyst rating for TYO:9020 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	2	2	2	2	3	3
Buy	2	2	2	2	2	2
Hold	7	7	7	7	7	7
Sell	1	1	1	1	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	12	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst SMBC Nikko No rating	SMBC Nikko	Hold Maintains ¥4,000	Hold	Maintains	¥4,000	+17.13%	Feb 25, 2026
Unknown Analyst SBI Securities No rating	SBI Securities	Buy Maintains ¥4,700 → ¥4,500	Buy	Maintains	¥4,700 → ¥4,500	+31.77%	Feb 17, 2026
Unknown Analyst Tokai-Tokyo Securities No rating	Tokai-Tokyo Securities	Hold Maintains ¥4,000 → ¥4,100	Hold	Maintains	¥4,000 → ¥4,100	+20.06%	Feb 13, 2026
Unknown Analyst Morgan Stanley No rating	Morgan Stanley	Hold Maintains ¥3,670	Hold	Maintains	¥3,670	+7.47%	Feb 3, 2026
Unknown Analyst UBS No rating	UBS	Hold Maintains ¥4,200	Hold	Maintains	¥4,200	+22.99%	Jan 14, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

3.30T

from 3.08T

7.02%

from 3.08T

Revenue Next Year

3.46T

from 3.30T

4.77%

from 3.30T

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	1.98T	2.41T	2.73T	2.89T	3.08T	3.30T
Revenue Growth	12.15%	21.56%	13.49%	5.77%	6.83%	7.02%
Gross Profit	382.90B	717.71B	964.48B	1.03T	1.13T	1.21T
Gross Margin	19.35%	29.84%	35.33%	35.74%	36.69%	36.58%
Operating Income	-153.94B	140.63B	345.16B	376.79B	414.26B	447.68B
Net Income	-94.95B	99.23B	196.45B	224.29B	247.85B	267.97B
Dividend / Share	33.33	33.33	46.67	60.00	74.00	88.42
Dividend Growth	-	-	40.00%	28.57%	23.33%	19.48%
Free Cash Flow	-484.00B	-416.97B	-87.64B	-168.62B	-216.98B	-45.08B
No. Analysts	-	-	-	-	-	11

Financial currency is JPY.

Revenue Forecast

Revenue	2027	2028	2029
High	3.3T
Avg	3.3T
Low	3.3T

Revenue Growth

Revenue Growth	2027	2028	2029
High	7.7%
Avg	7.0%
Low	5.5%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2028	2029
High	-
Avg	-
Low	-