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TSURUHA HOLDINGS INC.

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Recent & upcoming events

Jul 8
Earnings 2:00
Q1 earnings announcement (scheduled)
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May 21
Shareholder meeting 21:00
Shareholders' meeting
Venue: 札幌市中央区北2条西1丁目1番地1 ニューオータニイン札幌 2階 鶴の間 Details
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Apr 9
Earnings 2:00
FY earnings announcement (scheduled)
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Sep 27
Est.
Dividend Time TBD
Last day with rights (interim)
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Sep 28
Est.
Ex-dividend Time TBD
Ex-rights date (interim)
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Oct 7
Earnings 2:00 approx.
Q2 earnings announcement (scheduled)
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2027
Jan 8
Earnings 1:00 approx.
Q3 earnings announcement (scheduled)
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Mar 28
Est.
Dividend Time TBD
Last day with rights (year-end)
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Mar 29
Est.
Ex-dividend Time TBD
Ex-rights date (year-end)
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Apr 7
Est.
Earnings 2:00 approx.
Full-year earnings
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Jul 7
Est.
Earnings 2:00 approx.
Q1 earnings
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Oct 6
Est.
Earnings 2:00 approx.
Q2 earnings
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KPI highlights

FY26
Revenue ¥1.45T YoY +71.5%
Operating income ¥63.04B margin 4.3%
Net income ¥42.67B YoY +148.0%
EPS ¥145 YoY +104.4%
P/E
ROE 7.4% Equity ratio 53% Typical equity ratios vary a lot by industry. Banks, brokerages, and other financial companies tend to run lower ratios because leverage (using other people's capital) is core to their business model — a low ratio there isn't a sign of financial weakness.

Company guidance

FY2027/02 Company-issued full-year guidance (from earnings report) / %=vs prior FY
Revenue ¥2.56T +76.1%
Operating income ¥99.40B +57.7%
Net income ¥41.50B -2.7%
EPS ¥92 -36.6%

Quarterly fundamentals

Income & cash flow
Quarter FY23 Q3FY23 Q4FY24 Q1FY24 Q2FY24 Q3FY25 Q2
Revenue ¥259.83B¥255.89B¥258.40B¥253.35B
Operating income ¥14.10B¥13.04B¥13.12B¥8.94B
Net income ¥9.05B¥8.43B¥8.33B¥1.05B
Operating CF

Ownership over time

Share of total shares outstanding (disclosed major holdings + undisclosed)(2021–2026)

事業法人 50.3%国内機関 14.2%個人 3.7%未開示 28.9%202120222023202420252026
事業法人国内機関海外機関アクティビスト個人未開示・浮動株

「国内機関」は信託銀行の名義口座(年金・パッシブ・一部海外資本を含む)を集計し、実質保有者へは分解していません。分類は開示名称からの推定です。

Top shareholders — rank & share

イオン株式会社 50.3%イオン株式会社日本マスタートラスト信託銀行株式会社 8.8%日本マスタートラスト信託銀行株式会社(信託口)株式会社日本カストディ銀行(信託口) 4.5%株式会社日本カストディ銀行(信託口)202120222023202420252026

Top shareholders — actual figures (as of 2026)

Holder Shares held Ratio Source
イオン株式会社 228,632,000 50.3% Yuho (EDINET)
日本マスタートラスト信託銀行株式会社(信託口) 40,074,000 8.8% Yuho (EDINET)
株式会社日本カストディ銀行(信託口) 20,338,000 4.5% Yuho (EDINET)
鶴羽 樹 7,068,000 1.6% Yuho (EDINET)
JP MORGAN CHASE BANK 385864 5,050,000 1.1% Yuho (EDINET)
ウエルシアホールディングス従業員持株会 5,044,000 1.1% Yuho (EDINET)
鶴羽 暁子 4,516,000 1.0% Yuho (EDINET)
JPモルガン証券株式会社 4,219,000 0.9% Yuho (EDINET)
STATE STREET BANK AND TRUST COMPANY 505001 4,183,000 0.9% Yuho (EDINET)
JP MORGAN CHASE BANK 385781 3,840,000 0.9% Yuho (EDINET)

Source:EDINET(大株主の状況) Classification inferred from disclosed names

F-Score (Piotroski)

5/9

Checks financial health against 9 criteria and shows how many are met as a fraction (more ✓ marks is healthier). Items with no data are shown as “—” — they're simply excluded from judgment, not counted against the score.

Positive ROA ROA 2.6%
Positive operating cash flow ¥84.58B
ROA improved YoY 2.9% → 2.6%
Operating CF exceeds net income (accrual quality) OCF ¥84.58B / net income ¥42.67B
Equity ratio improved* Substitute for the original “decrease in long-term debt” 48.2% → 53.1%
Current ratio improved 1.47× → 1.24×
No dilution (shares outstanding did not increase) 247,785,340 → 454,308,990
Gross margin improved 30.5% → 30.6%
Asset turnover improved 1.45× → 0.88×

This score is reference information based on our own financial metrics. It is NOT a credit rating issued by a credit rating agency under Article 66-27 of the Financial Instruments and Exchange Act, and is NOT investment advice or a recommendation. Make investment decisions at your own responsibility.

Fact checklist

FY26
Equity ratio 53.1%
Current ratio 1.2×
Years of positive operating CF 11 of last 11 yrs
Payout ratio 225%
Latest fiscal year result Profit (net income ¥42.67B)

Performance history

Last 10 years
0.0兆円0.4兆円0.7兆円1.1兆円1.5兆円 FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Income & assets

Unit: ¥100M
Item FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Revenue 5,7716,7327,8248,4109,1939,1579,70110,2758,45614,506
Operating income 371402418450484406456492379630
Ordinary income 386416433463477401457493378631
Net income 244248248279263214253241172427
Total assets 2,8783,3973,7234,1405,3705,6245,3985,4925,83416,480
Equity 1,7622,0402,2022,5092,7652,8403,0413,0773,0648,957

Indicators & cash flow

*Split-adjustedUnit: ¥100M
Item FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
EPS ¥102¥103¥103¥115¥108¥88¥104¥99¥71¥145
ROE 15.1%13.9%12.5%12.7%10.8%8.4%9.4%8.6%6.1%7.4%
Operating CF 37.02723374067653588.04520646846
Investing CF -244-170-250-169-302-284-298-361-197-198
Financing CF -61.6-85.4-91.4-10513230.7-190-363-109-390
FCF -20710287.123746374.3-290159449648

Source: EDINET (Annual Securities Report) (fetched 2026-08-29) *Some metrics supplemented from additional sources

Sector positioning

Relative standing within the sector

Data provided by Twelve Data