Unless you borrow money to invest, the potential losses are limited. But when you pick a company that is really flourishing, you can make more than 100%. For example, the TOKYO BASE Co.,Ltd. (TSE:3415) share price has soared 127% return in just a single year. Also pleasing for shareholders was the 84% gain in the last three months. It is also impressive that the stock is up 68% over three years, adding to the sense that it is a real winner.

The past week has proven to be lucrative for TOKYO BASELtd investors, so let’s see if fundamentals drove the company’s one-year performance.

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

TOKYO BASELtd was able to grow EPS by 110% in the last twelve months. This EPS growth is reasonably close to the 127% increase in the share price. So this implies that investor expectations of the company have remained pretty steady. We don’t think its coincidental that the share price is growing at a similar rate to the earnings per share.

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

earnings-per-share-growthTSE:3415 Earnings Per Share Growth August 5th 2025

We know that TOKYO BASELtd has improved its bottom line lately, but is it going to grow revenue? Check if analysts think TOKYO BASELtd will grow revenue in the future.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It’s fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for TOKYO BASELtd the TSR over the last 1 year was 131%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!

A Different Perspective

It’s nice to see that TOKYO BASELtd shareholders have received a total shareholder return of 131% over the last year. And that does include the dividend. That gain is better than the annual TSR over five years, which is 13%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that TOKYO BASELtd is showing 1 warning sign in our investment analysis , you should know about…

If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Japanese exchanges.

Valuation is complex, but we’re here to simplify it.

Discover if TOKYO BASELtd might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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