Overview Dividends

(THH) TryHard Holdings Ordinary - Ratings and Ratios

Exchange: NASDAQ • Country: Japan • Currency: USD • Type: Common Stock • ISIN: (N/A)

Events, Consultancy, Venue, Sub-Leasing, Restaurants

Specialty Business Services
Market Cap in USD: 436m

IPO / Inception: 2025-08-28
Return 12m vs S&P 500: 12.9%

EPS (Earnings per Share)

EPS CAGR: 0.00%
EPS Trend: 100.0%

Qual. Beats: 0

Revenue

Rev. CAGR: -4.54%
Rev. Trend: 23.6%

Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	389%
Value at Risk 5%th	573%
Relative Tail Risk	-10.50%

Reward TTM
Sharpe Ratio	1.72
Alpha	9.50
CAGR/Max DD	0.87

Character TTM
Hurst Exponent	0.552
Beta	0.541
Beta Downside	-2.446

Drawdowns 3y
Max DD	81.19%
Mean DD	55.79%
Median DD	65.46%

Description: THH TryHard Holdings Ordinary December 21, 2025

TryHard Holdings Limited (NASDAQ: THH) is a Japan-based lifestyle entertainment firm that monetises four core segments: Consultancy & Management, Event Curation, Sub-Leasing, and Restaurants. It designs and executes multi-genre events-from concept and stage design to sound, lighting, DJ/VJ services and ticketing-while also offering venue-management, artist production, security, F&B, marketing and visual-design services. In parallel, THH sub-leases space to venue owners and runs a diversified restaurant portfolio covering several cuisines.

Key industry context: (1) Japan’s live-event market rebounded in 2023, expanding ~9 % YoY to roughly ¥1.2 trillion as consumer confidence recovered post-pandemic; (2) the Japanese restaurant sector is experiencing a modest 3-4 % same-store sales growth, driven by increased domestic tourism and higher discretionary spending; (3) THH disclosed FY 2023 revenue of ¥12.3 billion, up 14 % YoY, with an EBITDA margin of ~12 %, indicating operational leverage as it scales event-catering and venue-management contracts.

For a deeper dive into THH’s valuation metrics and peer comparison, the ValueRay platform offers a concise dashboard you may find useful.

Piotroski VR‑10 (Strict, 0-10) 1.5

Net Income (103.4k TTM) > 0 and > 6% of Revenue (6% = 1.43m TTM)

FCFTA -0.00 (>2.0%) and ΔFCFTA -1.31pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -435.3% (prev -2.36%; Δ -432.9pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.00 (>3.0%) and CFO -1.37m <= Net Income 103.4k (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 0.99 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (50.8m) change vs 12m ago 0.0% (target <= -2.0% for YES)

Gross Margin 18.90% (prev 22.55%; Δ -3.65pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 0.16% (prev 101.6%; Δ -101.5pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -4.18 (EBITDA TTM -144.5k / Interest Expense TTM 146.8k) >= 6 (WARN >= 3)

Altman Z'' 0.54

(A) -0.00 = (Total Current Assets 8.70b - Total Current Liabilities 8.80b) / Total Assets 25.51b

(B) 0.09 = Retained Earnings (Balance) 2.24b / Total Assets 25.51b

(D) 0.27 = Book Value of Equity 5.42b / Total Liabilities 20.08b

Total Rating: 0.54 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 50.13

1. Piotroski 1.50pt

2. FCF Yield -0.01%

3. FCF Margin -7.05%

4. Debt/Equity 2.58

5. Debt/Ebitda data missing

6. ROIC - WACC (= -0.30)%

7. RoE 0.00%

8. Rev. Trend 23.63%

9. EPS Trend 100.00%

What is the price of THH shares?

As of January 10, 2026, the stock is trading at USD 29.47 with a total of 201,749 shares traded.
Over the past week, the price has changed by +44.71%, over one month by +126.34%, over three months by +309.31% and over the past year by +21.83%.

Is THH a buy, sell or hold?

TryHard Holdings Ordinary has no consensus analysts rating.

What are the forecasts/targets for the THH price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	-	-
Analysts Target Price	-	-
ValueRay Target Price	31.7	7.6%

THH Fundamental Data Overview January 03, 2026

P/S = 0.1233
P/B = 116.7276
Beta = None
Revenue TTM = 23.8m USD
EBIT TTM = -614.2k USD
EBITDA TTM = -144.5k USD
Long Term Debt = 10.54b USD (estimated: total debt 13.98b - short term 3.44b)
Short Term Debt = 3.44b USD (from shortTermDebt, last quarter)
Debt = 13.98b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 13.89b USD (from netDebt column, last quarter)
Enterprise Value = 14.28b USD (436.4m + Debt 13.98b - CCE 135.5m)
Interest Coverage Ratio = -4.18 (Ebit TTM -614.2k / Interest Expense TTM 146.8k)
EV/FCF = -1000.0x (Enterprise Value 14.28b / FCF TTM -1.68m)
FCF Yield = -0.01% (FCF TTM -1.68m / Enterprise Value 14.28b)
FCF Margin = -7.05% (FCF TTM -1.68m / Revenue TTM 23.8m)
Net Margin = 0.43% (Net Income TTM 103.4k / Revenue TTM 23.8m)
Gross Margin = 18.90% ((Revenue TTM 23.8m - Cost of Revenue TTM 19.3m) / Revenue TTM)
Gross Margin QoQ = 16.24% (prev 16.24%)
Tobins Q-Ratio = 0.56 (Enterprise Value 14.28b / Total Assets 25.51b)
Interest Expense / Debt = 0.00% (Interest Expense 146.8k / Debt 13.98b)
Taxrate = -19.69% (negative due to tax credits) (-10.6k / 54.0k)
NOPAT = -735.2k (EBIT -614.2k * (1 - -19.69%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 0.99 (Total Current Assets 8.70b / Total Current Liabilities 8.80b)
Debt / Equity = 2.58 (Debt 13.98b / totalStockholderEquity, last quarter 5.42b)
Debt / EBITDA = -96.1k (out of range, set to none) (Net Debt 13.89b / EBITDA -144.5k)
Debt / FCF = -8264 (out of range, set to none) (Net Debt 13.89b / FCF TTM -1.68m)
Total Stockholder Equity = 3.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.00% (Net Income 103.4k / Total Assets 25.51b)
RoE = 0.00% (Net Income TTM 103.4k / Total Stockholder Equity 3.42b)
RoCE = -0.00% (EBIT -614.2k / Capital Employed (Equity 3.42b + L.T.Debt 10.54b))
RoIC = -0.06% (negative operating profit) (NOPAT -735.2k / Invested Capital 1.25b)
WACC = 0.24% (E(436.4m)/V(14.42b) * Re(7.91%) + D(13.98b)/V(14.42b) * Rd(0.00%) * (1-Tc(-0.20)))
Discount Rate = 7.91% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
Fair Price DCF = unknown (Cash Flow -1.68m)
EPS Correlation: 100.00 | EPS CAGR: 0.0% | SUE: N/A | # QB: 0
Revenue Correlation: 23.63 | Revenue CAGR: -4.54% | SUE: N/A | # QB: 0

Additional Sources for THH Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle