Toda Corporation (JP:1860)
:1860
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Toda Corporation
(1860)
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Rating:70Outperform
Price Target:
¥1,713.00
▲(35.31% Upside)
Action:ReiteratedDate:02/11/26
The score is driven primarily by solid financial performance (strong revenue growth and improved profitability) but held back by negative free cash flow. Technicals are supportive with a strong uptrend above key moving averages, though overbought momentum increases pullback risk. Valuation appears reasonable with a moderate P/E and a 2.25% dividend yield.
Positive Factors
Revenue Growth
Sustained double-digit top-line growth strengthens backlog and market presence, helping Toda win larger and repeat contracts. Over 2–6 months this supports predictable work flow, scale benefits and improves bargaining leverage with subcontractors and suppliers for margin protection.
Negative Factors
Negative Free Cash Flow
Negative free cash flow constrains internal funding for capital expenditures and working capital, common in construction due to progress billing timing. Persisting FCF deficits raise reliance on debt or equity raises, increasing financing risk and limiting reinvestment over the next few quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit top-line growth strengthens backlog and market presence, helping Toda win larger and repeat contracts. Over 2–6 months this supports predictable work flow, scale benefits and improves bargaining leverage with subcontractors and suppliers for margin protection.
Read all positive factors
Toda Corporation (1860) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥457.90B
Dividend Yield2.73%
Average Volume (3M)544.57K
Price to Earnings (P/E)6.1
Beta (1Y)0.72
Revenue Growth18.92%
EPS Growth73.08%
CountryJP
Employees6,621
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)51.82
Shares Outstanding322,656,800
10 Day Avg. Volume822,090
30 Day Avg. Volume544,566
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)0.78
Price to Sales (P/S)0.45
P/FCF Ratio-7.31
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)101.66
Revenue Forecast (FY)¥633.77B
Toda Corporation Business Overview & Revenue Model
Company Description
Toda Corporation primarily engages in the building construction and civil engineering businesses in Japan and internationally. The company is involved in the research, planning, design, management, and execution of architectural and civil engineer...
How the Company Makes Money
Toda Corporation generates revenue primarily through its construction and engineering services, which include contracts for public works, private construction projects, and infrastructure development. Key revenue streams come from civil engineerin...
Toda Corporation Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 606.21B | 586.66B | 522.43B | 547.15B | 501.51B | 507.13B |
| Gross Profit | 82.15B | 76.80B | 65.58B | 57.32B | 62.68B | 64.89B |
| EBITDA | 40.82B | 35.57B | 25.38B | 20.77B | 29.25B | 31.62B |
| Net Income | 25.01B | 25.19B | 16.10B | 11.00B | 18.56B | 19.73B |
Balance Sheet | ||||||
| Total Assets | 890.18B | 923.57B | 872.06B | 815.56B | 761.20B | 735.79B |
| Cash, Cash Equivalents and Short-Term Investments | 80.17B | 89.17B | 114.41B | 97.54B | 130.84B | 105.14B |
| Total Debt | 244.66B | 256.28B | 226.91B | 211.75B | 179.48B | 151.13B |
| Total Liabilities | 541.03B | 570.37B | 516.53B | 492.29B | 442.15B | 423.25B |
| Stockholders Equity | 338.05B | 342.23B | 348.52B | 317.25B | 316.57B | 310.02B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -36.38B | 6.95B | -67.11B | 3.99B | -48.62B |
| Operating Cash Flow | 0.00 | 26.41B | 62.15B | -30.84B | 27.27B | -21.14B |
| Investing Cash Flow | 0.00 | -61.19B | -48.85B | -26.10B | -20.43B | -30.85B |
| Financing Cash Flow | 0.00 | 7.36B | 1.03B | 22.53B | 18.31B | 31.28B |
Toda Corporation Technical Analysis
Neutral
1266.00
Price Trends
1494.84
Negative
1360.60
Positive
1172.37
Positive
Market Momentum
-5.57
Positive
47.25
Neutral
58.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1860, the sentiment is Neutral. The current price of 1266 is below the 20-day moving average (MA) of 1531.15, below the 50-day MA of 1494.84, and above the 200-day MA of 1172.37, indicating a neutral trend. The MACD of -5.57 indicates Positive momentum. The RSI at 47.25 is Neutral, neither overbought nor oversold. The STOCH value of 58.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:1860.
Toda Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥346.38B | 11.11 | 16.55% | 4.26% | 9.49% | 64.79% | |
75 Outperform | ¥2.68T | 10.54 | 14.23% | 2.47% | 2.27% | 70.36% | |
74 Outperform | ¥274.28B | 9.47 | 7.62% | 3.44% | 7.54% | 115.47% | |
71 Outperform | ¥2.95T | 15.14 | 13.56% | 1.96% | 10.52% | 71.09% | |
70 Outperform | ¥457.90B | 6.11 | ― | 2.73% | 18.92% | 73.08% | |
64 Neutral | ¥501.88B | 9.14 | 10.95% | 1.88% | 16.67% | 5.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Toda Corporation Corporate Events
Toda Corporation Launches ¥7 Billion Share Buyback for Full Cancellation
Feb 13, 2026
Toda Corporation’s board has approved a share buyback of up to 7 million common shares, equivalent to 2.30% of its outstanding stock excluding treasury shares, for a total purchase price of up to ¥7 billion. The repurchases will be cond...
Toda Corporation Lifts FY2026 Profit Outlook and Hikes Dividend
Feb 13, 2026
Toda Corporation revised its full-year earnings outlook for the fiscal year ending March 31, 2026, raising both consolidated and non-consolidated profit forecasts while keeping net sales targets unchanged. Higher gross margins on domestic architec...
Toda Corporation Lifts Full-Year Forecast on Sharp Profit Growth
Feb 13, 2026
Toda Corporation reported strong results for the nine months ended December 31, 2025, with net sales up 20.9% to ¥460.2 billion and operating profit surging 135.6% as profit attributable to owners of parent more than doubled. The company̵...
Toda Corporation to Dispose of Treasury Shares for Employee Stock Grant Program
Feb 13, 2026
Toda Corporation will dispose of 46,050 treasury shares by third-party allotment to its Group Employee Shareholding Association as part of a post-delivery stock grant program for domestic group employees. The disposal, scheduled for March 27, 2026...
Toda Corporation to Dispose of Treasury Shares for Employee Stock Grant Program
Feb 13, 2026
Toda Corporation has approved the disposal of 443,700 treasury shares through a third-party allotment to its employee shareholding association as part of a post-delivery stock grant program. Priced at ¥1,580.5 per share for a total of about &...
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.