Toho Co., Ltd. (9602.T) stock analysis

In our weekly check, Toho Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 4, red flags: 2.

About Toho Co., Ltd.

Toho Co., Ltd. is a Communication Services company (Entertainment) based in Japan, listed on JPX as 9602.T.

What our checks show for 9602.T

Red flags

• The stock has fallen as much as 63% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 3.5 years.

Warning signs

• The net margin fell by 2.3 points over 5 years, to 10.6%: the company keeps less of each sale as profit.
• Free cash flow is only 3.7% of revenue.
• Free cash flow covers the dividend only 0.7 times.
• Return on capital (ROCE) is only 9.3%.

Strengths

• Debt is low: 0x equity.
• Operating profit covers interest 3846 times over.
• The gross margin is 44.6% and has risen by 4.6 points: pricing power is holding.
• Analysts expect earnings per share to grow about 22.9% a year over the next years.
• Analysts expect the net margin to improve by 5.3 points from today's 10.6%.
• Beta -0.07: the stock usually moves less than the market.

Next earnings report: 2027-01-13

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Questions

What grade does Toho Co., Ltd. (9602.T) have?

In our weekly check, Toho Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 4, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 9602.T stock?

This week's biggest flags for Toho Co., Ltd.: Deep past fall, Slow recovery after falls, Margins falling. In total 6 of 25 checks show a warning or a red flag.

What does Toho Co., Ltd. do?

Toho Co., Ltd. is a Communication Services company (Entertainment) based in Japan, listed on JPX as 9602.T.

When does Toho Co., Ltd. report earnings next?

The next earnings report is expected on 2027-01-13. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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