TYO:9504 Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, TYO:9504 stock has a consensus rating of "Hold" and an average price target of ¥1,018. The average 1-year stock price forecast is 14.43% higher than the current stock price, while the lowest is ¥890 (+0.09%) and the highest is ¥1,140 (+28.21%).

Price Target: ¥1,018 (+14.43%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	¥890	¥1,018	¥1,020	¥1,140
Change	+0.09%	+14.43%	+14.71%	+28.21%

* Price targets were last updated on Dec 30, 2025.

Analyst Ratings

The average analyst rating for TYO:9504 stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Daiwa No rating	Daiwa	Hold Maintains ¥890	Hold	Maintains	¥890	+0.09%	Dec 30, 2025
Unknown Analyst Mizuho Securities No rating	Mizuho Securities	Hold Maintains ¥980	Hold	Maintains	¥980	+10.21%	Dec 29, 2025
Unknown Analyst Morgan Stanley No rating	Morgan Stanley	Buy Maintains ¥1,140	Buy	Maintains	¥1,140	+28.21%	Dec 12, 2025

Financial Forecast

Revenue This Year

1.49T

from 1.44T

3.13%

from 1.44T

Revenue Next Year

1.46T

from 1.49T

-2.06%

from 1.49T

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	1.14T	1.69T	1.63T	1.53T	1.44T	1.49T
Revenue Growth	-13.07%	49.09%	-3.88%	-6.11%	-5.68%	3.13%
Operating Income	-57.64B	-68.89B	206.78B	129.15B	90.22B	87.13B
Net Income	-39.71B	-155.38B	133.50B	98.47B	68.54B	51.57B
Dividend / Share	40.00	-	35.00	27.00	-	30.00
Free Cash Flow	-187.18B	-156.00B	27.35B	-272.62B	224.34B	-85.45B
No. Analysts	-	-	-	-	-	2

Financial currency is JPY.

Revenue Forecast

Revenue	2027	2028	2029
High	1.5T
Avg	1.5T
Low	1.5T

Revenue Growth

Revenue Growth	2027	2028	2029
High	4.0%
Avg	3.1%
Low	2.3%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2028	2029
High	-
Avg	-
Low	-