TV Asahi Holdings, UNSP ADR (THDDY)
OTC PINK OTC PINK Primary 
TV Asahi: Tokyo Dream Park Next Spring Should Amp Earnings
The fiscal year after next holds two major catalysts: likely a new One Piece movie which will contribute to earnings through Toei, and the TDP venue opening next Spring. The TDP venue is a sink for almost 20% of the company's market cap in cash and is centrally located, with substantial operating leverage opportunity in conventions and concerts. Earnings growth will be an important driver of the equity, while there have been capital allocation improvements, they are baby steps and limit the proper appraisal of non-operating assets.
TV Asahi: ABEMA Inflection And Cost Control Ahead Of MediaCity 2026
TV Asahi Holdings Corporation is making headway in disposing ignored security balances and making significant investments into possibly profitable real estate and venue investments. Moreover, the operating business is seeing solid performance. ABEMA is inflecting into profitability, cost control is working, and the S/D dynamics for TV advertising are good. More earnings growth could be coming this year from equity accounted stakes apart from ABEMA with Toei possibly releasing a new One Piece movie soon.
