TYO:9021 Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, TYO:9021 stock has a consensus rating of "Hold" and an average price target of ¥3,051. The average 1-year stock price forecast is 16.03% higher than the current stock price, while the lowest is ¥2,660 (+1.16%) and the highest is ¥3,500 (+33.11%).

Price Target: ¥3,051 (+16.03%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	¥2,660	¥3,051	¥3,100	¥3,500
Change	+1.16%	+16.03%	+17.89%	+33.11%

Analyst Ratings

The average analyst rating for TYO:9021 stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	0	1	1	1	1	1
Buy	1	1	1	1	2	2
Hold	9	8	8	8	8	8
Sell	1	1	1	1	0	0
Strong Sell	0	0	0	0	0	0
Total	11	11	11	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ryota Himeno J.P. Morgan	J.P. Morgan	Hold Maintains ¥3,100	Hold	Maintains	¥3,100	+17.89%	May 27, 2026
Unknown Analyst SMBC Nikko No rating	SMBC Nikko	Buy Maintains ¥3,900	Buy	Maintains	¥3,900	+48.32%	Feb 25, 2026
Unknown Analyst Tokai-Tokyo Securities No rating	Tokai-Tokyo Securities	Hold Maintains ¥3,300 → ¥3,200	Hold	Maintains	¥3,300 → ¥3,200	+21.70%	Feb 13, 2026
Unknown Analyst Morgan Stanley No rating	Morgan Stanley	Hold Maintains ¥3,360 → ¥3,100	Hold	Maintains	¥3,360 → ¥3,100	+17.89%	Feb 4, 2026
Unknown Analyst SBI Securities No rating	SBI Securities	Hold Maintains ¥2,900	Hold	Maintains	¥2,900	+10.29%	Dec 11, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.84T

from 1.85T

-0.33%

from 1.85T

Revenue Next Year

1.89T

from 1.84T

2.90%

from 1.84T

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	1.03T	1.40T	1.64T	1.71T	1.85T	1.84T
Revenue Growth	14.80%	35.34%	17.16%	4.46%	8.07%	-0.33%
Gross Profit	43.25B	268.70B	395.45B	418.18B	462.32B	490.76B
Gross Margin	4.19%	19.25%	24.19%	24.48%	25.05%	26.67%
Operating Income	-119.09B	85.68B	180.75B	180.16B	198.08B	168.93B
Net Income	-113.20B	88.53B	98.76B	113.96B	127.50B	102.02B
Dividend / Share	50.00	62.50	71.00	84.50	97.50	97.14
Dividend Growth	-	25.00%	13.60%	19.01%	15.38%	-0.37%
Free Cash Flow	-286.32B	-37.72B	25.55B	-47.79B	22.13B	-159.04B
No. Analysts	-	-	-	-	-	10

Financial currency is JPY.

Revenue Forecast

Revenue	2027	2028	2029
High	1.9T
Avg	1.8T
Low	1.8T

Revenue Growth

Revenue Growth	2027	2028	2029
High	1.8%
Avg	-0.3%
Low	-2.6%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2028	2029
High	-
Avg	-
Low	-