Overview
Information & Communication

TBS HOLDINGS,INC.

TBS Holdings, Inc. is a certified broadcast holding company operating Japan's leading commercial broadcasting network, encompassing terrestrial TV (TBS Television), radio (TBS Radio), and BS/CS digital broadcasting (BS-TBS). The company also produces and distributes a wide range of media content including anime, music, video software, and digital streaming, while expanding into lifestyle businesses (retail, cosmetics, and educational services) and real estate. Its content is distributed both domestically and internationally through subsidiaries and partnerships across the U.S., Korea, and other markets.

Market Cap
¥941B
US$5.99B
EV
¥-804B
-US$5.12B
Stock¥6,109▲+1.92%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
19.2
x
LTM PBR
0.6
x
2026-08-25 closing price basis: ranked #1 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-8,294B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.9%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
941BUS$5.99BMarket Cap79.7BUS$507M+ Debt82.9BUS$528M− Cash1,751BUS$11.1B− Inv. Sec.8.25BUS$52.5M+ NCI-804B-US$5.12BEV
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Performance & Balance
Revenue 5Y (¥B)
358US$2.28B'22/3368US$2.34B'23/3394US$2.51B'24/3407US$2.59B'25/3425US$2.71B'26/3
EBITDA 5Y (¥B)
33.7US$215M'22/334.2US$218M'23/329.5US$188M'24/334.3US$218M'25/339.8US$253M'26/3
Net Income 5Y (¥B)
32.0US$204M'22/335.2US$224M'23/338.1US$243M'24/343.9US$280M'25/352.2US$333M'26/3
Capital Structure
95%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
826US$5.26B26.2US$167M'22/3670US$4.27B20.2US$129M'23/31,127US$7.18B3.89US$24.7M'24/3831US$5.29B14.2US$90.7M'25/31,141US$7.26B74.2US$473M'26/3
Shareholders
Top 10 hold 42.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.41%
2
日本マスタートラスト信託銀行株式会社(退職給付信託口・株式会社電通口)
5.80%
3
MBS MEDIA HOLDINGS, INC.
5.62%
4
Mitsui Fudosan Co.,Ltd.
3.56%
5
NTT DOCOMO, INC.
3.56%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.41%
7
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
3.12%
8
Custody Bank of Japan, Ltd. (Trust Account)
3.03%
9
BIC CAMERA INC.
2.61%
10
KODANSHA LTD.
2.35%
Management
17 officers
Taku SASAKI
Director and Chairman of the Board
Apr 1982 Joined TBS HOLDINGS, INC. Jun 2009 General Manager, Accounting Division, TBS Television, Inc. Nov 2010 General Manager, Group Management Planning Division, TBS HOLDINGS, INC.; General Manager, Management Planning Office, TBS Television, Inc. Apr 2012 General Manager, Programming Division, TBS Television, Inc. Apr 2013 Executive Officer, General Manager, Programming Division, TBS Television, Inc. Feb 2014 Executive Officer, TBS HOLDINGS, INC.; Executive Officer, TBS Television, Inc. Mar 2015 Director, TBS Television, Inc. Jun 2015 Director, TBS HOLDINGS, INC. Apr 2016 Managing Director, TBS HOLDINGS, INC.; Managing Director, TBS Television, Inc. Jun 2017 Senior Managing Director, TBS HOLDINGS, INC.; Senior Managing Director, TBS Television, Inc. Jun 2018 Representative Director, President, TBS HOLDINGS, INC. Jun 2024 Representative Director, President, TBS Television, Inc. Chairman of the Board, TBS HOLDINGS, INC. (current) Director and Chairman, TBS Television, Inc. (current)
1959-07-05
Ryujiro ABE
Representative Director, President
Apr 1988 Joined TBS HOLDINGS, INC. Apr 2016 General Manager, Group Management Planning Division, TBS HOLDINGS, INC.; General Manager, Management Planning Office, TBS Television, Inc. Jun 2017 Representative Director, President, TBS Vision, Inc. (now TBS Sparkle, Inc.) Jun 2018 Executive Officer, TBS HOLDINGS, INC. Jan 2019 Representative Director, President, TBS Sparkle, Inc. Jun 2020 Director, TBS Television, Inc. Jun 2022 Executive Officer, TBS HOLDINGS, INC.; in charge of Growth Strategy Jun 2024 Representative Director, President and CEO, TBS HOLDINGS, INC. (current)
1964-05-11
Masamine RYUHO
Representative Director, Vice President
Apr 1987 Joined TBS HOLDINGS, INC. Apr 2016 General Manager, Media Strategy Office, TBS HOLDINGS, INC.; General Manager, Media Strategy Office, TBS Television, Inc. Jun 2018 Director, TBS HOLDINGS, INC.; Director, TBS Television, Inc. Jun 2020 Special Executive Officer, TBS HOLDINGS, INC.; Representative Director, President, TVer Inc. Jun 2022 Director, TBS Television, Inc. Jun 2024 Representative Director, Vice President, TBS HOLDINGS, INC. (current); Representative Director, President, TBS Television, Inc. (current)
1964-11-01
Yasushi GENMA
Senior Managing Director
Apr 1989 Joined TBS HOLDINGS, INC. Jul 2018 General Manager, Group Design Division, TBS HOLDINGS, INC. Jul 2019 General Manager, Group Design Office, TBS Television, Inc. Jun 2020 Executive Officer, TBS HOLDINGS, INC.; in charge of Growth Strategy Jun 2021 Executive Officer, TBS HOLDINGS, INC.; in charge of Financial Strategy; Director, TBS Television, Inc. Jun 2024 Managing Director and CFO, TBS HOLDINGS, INC. Jun 2025 Senior Managing Director and CFO, TBS HOLDINGS, INC. (current)
1965-07-14
Yayoi NAKATANI
Director
Apr 1992 Joined TBS HOLDINGS, INC. Jul 2019 General Manager, Media Business Division, TBS Television, Inc. Jul 2020 General Manager, DX Business Division, General Programming Headquarters, TBS Television, Inc. Jun 2022 Director, TBS Television, Inc. Jun 2024 Executive Officer, TBS HOLDINGS, INC.; in charge of EDGE Strategy Special Assignment and Medium-Term Management Plan Jun 2025 Director and CGO, TBS HOLDINGS, INC. (current)
1969-01-19
Yosuke YAGI
Outside Director
Apr 1980 Joined Nippon Kokan K.K. (now JFE Steel Corporation) Jan 1999 Head of Human Resources, GE Yokogawa Medical Systems, Ltd. (now GE Healthcare Japan Corporation) Dec 2002 Director, Head of Human Resources, GE Yokogawa Medical Systems, Ltd. Apr 2012 Director, Nihon General Electric K.K. Jan 2017 Executive Vice President, Sumitomo Seimei Group, Inc. (now LIXIL Corporation) Jun 2020 Representative Director, people first Co., Ltd. (current) Apr 2021 Director, ICMG Co., Ltd. Jun 2021 Representative Director and Chairman, IWNC Co., Ltd.; Director and Chairman, IWNC Co., Ltd. Jun 2021 Outside Director, TBS HOLDINGS, INC. (current) Auditor, GE Healthcare Japan Corporation
1955-08-12
Makoto HARUTA
Outside Director
Apr 1992 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Feb 2000 Joined DeNA Co., Ltd. Sep 2000 Director, General Manager, Corporate Planning Division, DeNA Co., Ltd. Jun 2011 Director and Chairman, Executive Officer, DeNA Co., Ltd. Apr 2015 Representative Director and CEO, Beta Catalyst Co., Ltd. (current); Advisor, Money Forward, Inc. Mar 2017 Representative Director and Chairman, Exawizards Inc. Oct 2017 Director and Chairman, Exawizards Inc. Nov 2018 Outside Director, TBS HOLDINGS, INC. (current) Jun 2020 Outside Director, Panasonic Corporation Apr 2022 Representative Director, President, Exawizards Inc. (current)
1969-01-05
Natsuko TAKEI
Outside Director
Apr 1983 Joined Sony Corporation (now Sony Group Corporation) Jun 2013 Senior Vice President, Executive Officer, Sony Corporation; Managing Director Jun 2021 Senior General Manager, Legal Division, in charge of Legal, Compliance and Privacy, Sony Group Corporation Nov 2021 Outside Director, TBS HOLDINGS, INC. (current) Jun 2023 Outside Director, Tokyo Metro Co., Ltd. (current); Outside Director, NTT, Inc. (current)
1961-02-10
Noriko VILLANTI-MAKINO
Outside Director
Jun 1996 Joined Monitor Group Inc. (Tokyo Office) Apr 1997 Joined Bain & Company Japan, Inc. (Tokyo Office) Jun 1998 Joined L'Oréal Japan, Inc. Apr 2002 Operation Director, Diageo Plc Oct 2012 Business Director, Trendy International Group Co., Ltd. Mar 2014 Guest Experience Director, Value Retail Limited Mar 2022 Representative Director, Global Career Design Inc. (current) Jun 2025 Outside Director, TBS HOLDINGS, INC. (current)
1972-12-29
Takanobu GODA
Director
Apr 1990 Joined TBS HOLDINGS, INC. Jul 2018 General Manager, Programming Division, TBS Television, Inc. Jun 2020 Executive Officer, TBS HOLDINGS, INC. Jun 2022 Director, TBS Television, Inc. Jun 2024 Senior Managing Director, TBS Television, Inc. (current)
Kyoichiro UENISHI
Director
Apr 1980 Joined Oriental Land Co., Ltd. Jun 2003 Director, General Manager, General Affairs Division, Oriental Land Co., Ltd. May 2005 Director, Executive Officer, General Manager, General Affairs Division, Oriental Land Co., Ltd. Apr 2006 Director, Executive Officer, Oriental Land Co., Ltd. Apr 2008 Director, Executive Officer, General Manager, Corporate Strategy Headquarters, Oriental Land Co., Ltd. Apr 2009 Representative Director, President and COO, Oriental Land Co., Ltd. Jun 2021 Senior Advisor, Oriental Land Co., Ltd. (current) Apr 2022 Outside Director (Audit and Supervisory Committee Member), Mizuho Bank, Ltd. (current) Jun 2022 Outside Director, Keiyo Bank, Ltd. (current)
Yoshie TSUKAMOTO
Director
Apr 1986 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jun 2000 President, NTT-X goo Company Nov 2002 Head of MSN Business Division, Microsoft Co., Ltd. (now Microsoft Japan Co., Ltd.) Jul 2003 Corporate Officer, Microsoft Co., Ltd. Feb 2007 Vice President, Head of Media Business Preparation Office, ACCESS Co., Ltd. Aug 2008 Head of Marketing Solutions Office, Corporate Planning Division, NTT Communications Corporation (now NTT Docomo Business, Inc.) Oct 2012 Representative Director, President, NTT Com Online Marketing Solutions Corporation (now NTT Docomo Business X, Inc.) Jun 2024 Outside Director, Kobe Steel, Ltd. (current) Jun 2025 Senior Advisor, NTT Docomo Business X, Inc.
Satoshi FUJIWARA
Full-time Statutory Auditor
Apr 1985 Joined TBS HOLDINGS, INC. Jul 2018 General Manager, Compliance Office, TBS HOLDINGS, INC.; General Manager, Compliance Office, TBS Television, Inc. Jul 2020 General Manager, Internal Audit Office, TBS HOLDINGS, INC.; General Manager, Internal Audit Office, TBS Television, Inc. Jun 2024 Full-time Statutory Auditor, TBS HOLDINGS, INC. (current); Statutory Auditor, TBS Television, Inc. (current)
1962-02-12
Naoya TSUKUI
Full-time Statutory Auditor
Apr 1987 Joined TBS HOLDINGS, INC. Jul 2018 General Manager, General Affairs Division, TBS HOLDINGS, INC.; General Manager, General Affairs Division, TBS Television, Inc. Jun 2020 Director, TBS Art & Technology, Inc. (now TBS Act, Inc.) Jun 2024 Full-time Statutory Auditor, TBS HOLDINGS, INC. (current); Statutory Auditor, TBS Television, Inc. (current)
1964-11-28
Mie FUJIMOTO
Statutory Auditor
Apr 1993 Registered as attorney-at-law; joined Shin-Tokyo Sogo Law Office Jun 2009 Outside Corporate Auditor, Kuraray Co., Ltd. Apr 2015 Joined TMI Associates (current) Jun 2015 Outside Corporate Auditor, Seikagaku Corporation Jun 2016 Outside Statutory Auditor, TBS HOLDINGS, INC. (current); Statutory Auditor, TBS Television, Inc. (current) Mar 2019 Outside Director, Kuraray Co., Ltd. Mar 2020 Outside Director, Ebara Corporation (current) Jun 2024 Outside Director, Elematec Corporation
1967-08-17
Masahiko OSHIMA
Statutory Auditor
Apr 2019 Director and Deputy President, Executive Officer, Sumitomo Mitsui Banking Corporation; Executive Vice President, Sumitomo Mitsui Financial Group, Inc. Apr 2023 Vice Chairman, Sumitomo Mitsui Banking Corporation Jun 2023 Outside Director, Toyota Motor Corporation (current) Apr 2024 Senior Adviser, Sumitomo Mitsui Banking Corporation Jun 2024 Outside Statutory Auditor, TBS HOLDINGS, INC. (current) Aug 2024 Statutory Auditor, TBS Television, Inc. (current) Chairman, Ares Management Asia Japan K.K. (current)
1960-09-13
Junko OGAYU
Statutory Auditor
Apr 1991 Joined Chuo Shinko Audit Corporation Mar 1994 Registered as Certified Public Accountant Sep 2006 Joined Asahi Audit Corporation (now PricewaterhouseCoopers Japan LLC) Jan 2020 Opened Junko Ogayu CPA Office (current) Mar 2020 Registered as Certified Tax Accountant Apr 2020 Joined Takeuchi Ayako Tax Accountant Office (current) Dec 2020 Outside Director, Nihon Chori Kiki Co., Ltd. (current) Jun 2021 Outside Director, Nissin Co., Ltd. Mar 2022 Outside Director, Ceres Inc. Jun 2024 Outside Statutory Auditor, TBS HOLDINGS, INC. (current); Statutory Auditor, TBS Television, Inc. (current)
1967-10-10
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-02
株主総会招集通知
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-05
Securities Registration Statement
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-07-01
Amended Securities Registration Statement
EDINETAmended
2024-07-01
Amended Securities Registration Statement
EDINET
2024-06-27
Securities Registration Statement
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-27
Securities Registration Statement
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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