Totetsu Kogyo Co., Ltd. (JP:1835)
:1835
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Totetsu Kogyo Co., Ltd.
(1835)
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Rating:62Neutral
Price Target:
¥4,447.00
▼(-2.16% Downside)
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 steady equity growth provide financial resilience across project cycles. Modest debt-to-equity (~0.15 in 2026) and growing equity support capacity to fund bids, absorb timing shocks, and maintain investment without jeopardizing solvency, aiding long-term stability.
Negative Factors
Weak operating cash conversion
Very low operating cash conversion versus reported profits suggests material working-capital timing or collection issues. This undermines internal liquidity, limits capacity to fund growth or cushion downturns, and increases the chance of needing external financing during lean periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and steady equity growth provide financial resilience across project cycles. Modest debt-to-equity (~0.15 in 2026) and growing equity support capacity to fund bids, absorb timing shocks, and maintain investment without jeopardizing solvency, aiding long-term stability.
Read all positive factors
Totetsu Kogyo Co., Ltd. (1835) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥144.41B
Dividend Yield3.44%
Average Volume (3M)51.17K
Price to Earnings (P/E)11.2
Beta (1Y)0.55
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 Target
¥5,500.00Price Target Upside21.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)395.87
Revenue Forecast (FY)¥168.60B
Totetsu Kogyo Co., Ltd. Business Overview & Revenue Model
Company Description
Totetsu Kogyo Co., Ltd. is a Japanese enterprise specializing in a broad range of services, including railway infrastructure, civil engineering, property development, and sustainable environmental solutions. The company's railway operations encomp...
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 | 19.16B | 21.44B | 19.40B | 14.97B | 13.83B | 9.77B |
| 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
Neutral
4545.00
Price Trends
4704.40
Negative
4968.76
Negative
4657.63
Negative
Market Momentum
-119.54
Negative
41.41
Neutral
41.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1835, the sentiment is Neutral. The current price of 4545 is above the 20-day moving average (MA) of 4128.75, below the 50-day MA of 4704.40, and below the 200-day MA of 4657.63, indicating a neutral trend. The MACD of -119.54 indicates Negative momentum. The RSI at 41.41 is Neutral, neither overbought nor oversold. The STOCH value of 41.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ¥310.19B | 16.49 | 7.43% | 2.78% | 2.69% | -6.83% | |
78 Outperform | ¥661.42B | 16.49 | ― | 2.15% | 0.46% | 38.67% | |
69 Neutral | ¥217.65B | 11.82 | ― | 3.09% | 0.55% | 65.67% | |
65 Neutral | ¥208.84B | 8.68 | ― | 3.82% | 7.97% | 37.14% | |
64 Neutral | ¥167.64B | 16.28 | ― | 2.87% | -1.92% | -12.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥144.41B | 11.25 | ― | 3.44% | 1.86% | 11.05% |
* Industrials Sector Average
JP:1835
Totetsu Kogyo Co., Ltd.
4,195.00
446.47
11.91%
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Totetsu Kogyo Co., Ltd. Corporate Events
Totetsu Kogyo Clarifies Independence Despite Major Shareholding by East Japan Railway
Jun 25, 2026
Totetsu Kogyo has detailed its relationship with East Japan Railway Company, which holds 22.6% of its voting rights and is classified as an other affiliated company and largest shareholder. The construction firm is treated as a partner within the ...
Totetsu Kogyo Revamps Executive Lineup Ahead of June 2026 Shareholders Meeting
Jun 8, 2026
Totetsu Kogyo has announced a series of changes to its directors and executive officers, to be formally approved at the June 25, 2026 shareholders meeting and subsequent board session. The reshuffle spans top management and operating units, reflec...
Totetsu Kogyo Sets Up Expert Panel After Antitrust Inspections
Jun 5, 2026
Totetsu Kogyo has established an Expert Investigative Committee after on-site inspections by the Japan Fair Trade Commission over suspected Antimonopoly Act violations linked to bids for track maintenance and related work on the Toei Subway and ot...
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 ¥...
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.