Totetsu Kogyo Co., Ltd. (JP:1835)
:1835
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Totetsu Kogyo Co., Ltd.
(1835)
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Rating:62Neutral
Price Target:
¥5,035.00
▲(10.78% Upside)
Action:Reiterated
Date:05/16/26
The score is driven mainly by solid underlying fundamentals (healthy profitability and a conservative balance sheet) but is held back by weak cash-flow conversion/volatility. Technical signals are notably bearish with the stock well below key moving averages and negative momentum, while reasonable valuation and a ~3.16% dividend yield provide partial offset.
Positive Factors
Conservative balance sheet
Low leverage and steadily growing equity provide financial resilience typical of capital-intensive engineering firms. A conservative balance sheet supports bidding on multi-year infrastructure contracts, cushions cyclical revenue swings, and preserves capacity for targeted reinvestment without forcing asset sales.
Negative Factors
Weak cash-flow conversion
Low operating cash conversion versus net income suggests working-capital strain or timing mismatches on project billing and collections. This weak cash conversion constrains self-funded growth, raises reliance on external financing for capex or large projects, and heightens liquidity risk during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and steadily growing equity provide financial resilience typical of capital-intensive engineering firms. A conservative balance sheet supports bidding on multi-year infrastructure contracts, cushions cyclical revenue swings, and preserves capacity for targeted reinvestment without forcing asset sales.
Read all positive factors
Totetsu Kogyo Co., Ltd. (1835) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥148.55B
Dividend Yield3.44%
Average Volume (3M)51.17K
Price to Earnings (P/E)11.4
Beta (1Y)0.56
Revenue Growth1.86%
EPS Growth11.05%
CountryJP
Employees1,853
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)344.64
Shares Outstanding36,100,000
10 Day Avg. Volume50,500
30 Day Avg. Volume51,166
Financial Highlights & Ratios
PEG Ratio1.30
Price to Book (P/B)1.39
Price to Sales (P/S)1.13
P/FCF Ratio84.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)400.7
Revenue Forecast (FY)¥170.00B
Totetsu Kogyo Co., Ltd. Business Overview & Revenue Model
Company Description
Totetsu Kogyo Co., Ltd. engages in the railway track maintenance, civil engineering, architectural, and environmental businesses in Japan. The company is involved in the repair and reconstruction of railway tracks, as well as building new railway ...
How the Company Makes Money
Totetsu Kogyo makes money primarily by delivering railway track engineering and lifecycle services and by supplying track-related materials. Key revenue streams typically include: (1) construction and renewal work for railway tracks (e.g., track l...
Totetsu Kogyo Co., Ltd. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
83
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 163.07B | 163.02B | 160.05B | 141.85B | 124.66B | 114.72B |
| Gross Profit | 25.80B | 28.08B | 24.67B | 20.16B | 17.39B | 14.78B |
| EBITDA | 18.64B | 20.57B | 18.29B | 14.42B | 11.39B | 9.19B |
| Net Income | 11.87B | 12.85B | 11.56B | 8.30B | 7.91B | 5.33B |
Balance Sheet | ||||||
| Total Assets | 155.41B | 203.85B | 181.12B | 168.12B | 149.70B | 136.67B |
| Cash, Cash Equivalents and Short-Term Investments | 32.56B | 20.57B | 15.71B | 16.38B | 13.61B | 25.79B |
| Total Debt | 3.43B | 20.47B | 10.66B | 10.78B | 5.88B | 982.64M |
| Total Liabilities | 35.11B | 69.87B | 60.34B | 56.63B | 46.21B | 38.14B |
| Stockholders Equity | 119.10B | 132.67B | 119.62B | 110.43B | 102.38B | 97.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.19B | 2.48B | 973.22M | -14.45B | -3.12B |
| Operating Cash Flow | 0.00 | 5.24B | 4.16B | 4.84B | -8.96B | 3.09B |
| Investing Cash Flow | 0.00 | -4.90B | -1.25B | -3.68B | -4.96B | -5.83B |
| Financing Cash Flow | 0.00 | 4.52B | -3.58B | 1.61B | 1.75B | -3.17B |
Totetsu Kogyo Co., Ltd. Technical Analysis
Negative
4545.00
Price Trends
5242.97
Negative
5075.74
Negative
4668.44
Negative
Market Momentum
-312.58
Positive
24.46
Positive
8.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1835, the sentiment is Negative. The current price of 4545 is below the 20-day moving average (MA) of 4908.25, below the 50-day MA of 5242.97, and below the 200-day MA of 4668.44, indicating a bearish trend. The MACD of -312.58 indicates Positive momentum. The RSI at 24.46 is Positive, neither overbought nor oversold. The STOCH value of 8.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1835.
Totetsu Kogyo Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥261.79B | 14.20 | 7.43% | 2.78% | 2.69% | -6.90% | |
78 Outperform | ¥656.39B | 16.46 | ― | 2.15% | 0.46% | 38.67% | |
69 Neutral | ¥219.96B | 11.85 | ― | 3.09% | 0.55% | 65.67% | |
65 Neutral | ¥213.85B | 8.91 | ― | 3.82% | 7.97% | 37.15% | |
64 Neutral | ¥165.24B | 15.99 | ― | 2.87% | -1.92% | -12.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥148.55B | 11.44 | ― | 3.44% | 1.86% | 11.05% |
* Industrials Sector Average
JP:1835
Totetsu Kogyo Co., Ltd.
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Totetsu Kogyo Co., Ltd. Corporate Events
Totetsu Kogyo Revamps Capital-Conscious Management to Boost Corporate Value
May 14, 2026
Totetsu Kogyo Co., Ltd. has updated its management policies to place greater emphasis on cost of capital and stock price in strategic and operational decision-making. The move reflects a focus on enhancing corporate value over the medium to long t...
Totetsu Kogyo Overhauls Board and Executive Ranks Ahead of June Shareholders’ Meeting
May 14, 2026
Totetsu Kogyo has announced a broad reshuffle of its leadership team, with board and executive changes to be formally decided at the June 25, 2026 shareholders’ meeting and subsequent board meeting. The move includes appointing Kenshi Nakamu...
Totetsu Kogyo Lifts Earnings, Cash and Dividends, Eyes Further Growth in FY 2027
May 14, 2026
Totetsu Kogyo reported steady growth for the fiscal year ended March 31, 2026, with net sales up 1.9% to ¥163.0 billion and operating profit rising 13.4% to ¥17.6 billion, lifting profit attributable to owners of parent by 11.1% to ¥...
Totetsu Kogyo Revamps Railway Track Organization, Creates Estimation Unit
Mar 25, 2026
Totetsu Kogyo Co., Ltd. will abolish its Railway Track Construction Department and, effective April 1, 2026, establish a new Railway Track Estimation Department dedicated to handling estimation operations within its Railway Track Maintenance Busin...
Totetsu Kogyo Ups Earnings Outlook and Hikes Dividend Under Capital-Efficient Strategy
Feb 25, 2026
Totetsu Kogyo has raised its full-year forecast for the fiscal year ending March 31, 2026, citing steady progress on a large backlog of projects and improved profitability from productivity gains and mechanization. The company now expects higher n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.