Broker cuts Tsuruha target to JPY 2,150 for Tsuruha stock

Published on 10/25/2026 at 01:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target fell from JPY 2,400 to JPY 2,150 on October 9, 2026. Tsuruha stock reported JPY 1.28 trillion in half-year sales.

Analyst target and reporting dates

A Japanese major securities house cut its target from JPY 2,400 to JPY 2,150 on October 9, 2026.
Tsuruha reported JPY 1,275,514 million in sales for the six months ended August 31, 2026.
Tsuruha announced a JPY 24.00 interim dividend on October 7, 2026, payable on November 2, 2026.

Tsuruha, JP3536150000, Illustration mit AI erstellt.

Tsuruha stock (ISIN JP3536150000) faces a lower analyst target after a Japanese major securities house cut its view from JPY 2,400 to JPY 2,150 while keeping a Neutral rating on October 9, 2026, according to Monex. The decision followed interim results that combined Tsuruha with Welcia Holdings for the first time.

Results show scale after integration

For the six months ended August 31, 2026, Tsuruha reported sales of JPY 1,275,514 million, compared with JPY 557,831 million a year earlier. Net income rose to JPY 30,252 million from JPY 20,365 million, while basic earnings per share fell to JPY 66.75 from JPY 83.64, according to MarketScreener.

The comparison is shaped by the Welcia combination, so the sales increase does not represent an ordinary like-for-like period. The earnings-per-share decline still gives the target cut a concrete counterweight to the larger consolidated revenue base.

What does the target cut signal?

The October 9 note kept the rating at Neutral and placed the target at JPY 2,150. The same report listed a consensus target of JPY 2,652 from nine analysts, giving the market a quantified gap between the lowered single-house view and the broader estimate, according to Monex.

Three dated signals for Tsuruha

On October 7, 2026, Tsuruha reported JPY 1,275,514 million in six-month sales; on the same date, it announced a JPY 24.00 interim dividend payable on November 2, 2026; on October 9, 2026, the Japanese major securities house cut its target to JPY 2,150. The results and dividend were reported by MarketScreener and the target revision by Monex.

Which dates come next?

The interim dividend is scheduled for payment on November 2, 2026, and the next earnings release is listed for January 7, 2027, according to MarketScreener.

Tokyo quote and valuation

Tsuruha was last quoted at JPY 2,226.50 on the Tokyo Stock Exchange on October 23, 2026 at 3:30 p.m. JST. Its market capitalization was JPY 1.0 trillion on that date, while the reported 52-week range was JPY 1,889.00 to JPY 2,993.00.