Toenec Corporation (JP:1946)
:1946
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Toenec Corporation
(1946)
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Rating:66Neutral
Price Target:
¥2,077.00
▲(7.12% Upside)
Action:DowngradedDate:03/24/26
The score is driven primarily by improving fundamentals (profitability recovery, strong 2025 growth, and manageable leverage), supported by reasonable valuation and dividend yield. These positives are partially offset by weak technical signals (price below key moving averages and negative MACD) and historical earnings/cash-flow volatility.
Positive Factors
Profitability recovery
Margins have meaningfully recovered by 2025 after the 2023 loss year, indicating durable operational improvement. Sustained ~6.7% operating margin and rising net margin bolster cash generation capacity, support reinvestment and dividends, and reduce sensitivity to modest revenue swings.
Negative Factors
Earnings and cash-flow volatility
Historical swings, including a net loss in 2023, show earnings and cash flow are cyclical. Persistent volatility undermines forecastability, can raise funding costs, and increases the chance that a future downturn will pressure margins, capital allocation and creditor covenants.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
Margins have meaningfully recovered by 2025 after the 2023 loss year, indicating durable operational improvement. Sustained ~6.7% operating margin and rising net margin bolster cash generation capacity, support reinvestment and dividends, and reduce sensitivity to modest revenue swings.
Read all positive factors
Toenec Corporation (1946) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥199.22B
Dividend Yield3.09%
Average Volume (3M)107.85K
Price to Earnings (P/E)12.1
Beta (1Y)1.01
Revenue Growth3.75%
EPS Growth87.00%
CountryJP
Employees6,077
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)39.93
Shares Outstanding96,649,950
10 Day Avg. Volume122,180
30 Day Avg. Volume107,850
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)0.66
Price to Sales (P/S)0.33
P/FCF Ratio7.75
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)N/A
Revenue Forecast (FY)N/A
Toenec Corporation Business Overview & Revenue Model
Company Description
Toenec Corporation, an integrated facility company, engages in the construction and improvement of social infrastructure in the energy, environment, and information technology fields in Japan. The company constructs electricity distribution routes...
Toenec Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 272.14B | 270.97B | 252.86B | 232.05B | 219.62B | 215.68B |
| Gross Profit | 41.73B | 40.48B | 37.41B | 32.32B | 34.90B | 35.54B |
| EBITDA | 29.17B | 28.82B | 27.40B | 8.28B | 23.38B | 23.55B |
| Net Income | 10.90B | 10.76B | 9.35B | -5.55B | 8.28B | 8.83B |
Balance Sheet | ||||||
| Total Assets | 292.95B | 315.28B | 310.57B | 305.22B | 306.59B | 312.92B |
| Cash, Cash Equivalents and Short-Term Investments | 40.20B | 43.03B | 39.78B | 31.80B | 30.52B | 48.41B |
| Total Debt | 81.40B | 91.17B | 93.02B | 97.06B | 98.98B | 109.11B |
| Total Liabilities | 157.46B | 178.60B | 179.43B | 188.03B | 179.99B | 193.17B |
| Stockholders Equity | 135.45B | 136.63B | 131.10B | 117.16B | 126.57B | 119.72B |
Cash Flow | ||||||
| Free Cash Flow | 2.48B | 11.62B | 14.44B | 9.02B | -455.00M | 17.85B |
| Operating Cash Flow | 3.72B | 17.77B | 17.75B | 11.40B | 4.52B | 22.67B |
| Investing Cash Flow | -806.00M | -3.72B | -2.64B | -3.01B | 2.29B | -4.20B |
| Financing Cash Flow | -4.62B | -11.79B | -7.95B | -6.23B | -25.42B | -8.01B |
Toenec Corporation Technical Analysis
Negative
1939.00
Price Trends
2145.76
Negative
2010.30
Negative
1673.65
Positive
Market Momentum
-50.24
Positive
43.65
Neutral
36.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1946, the sentiment is Negative. The current price of 1939 is below the 20-day moving average (MA) of 2120.65, below the 50-day MA of 2145.76, and above the 200-day MA of 1673.65, indicating a neutral trend. The MACD of -50.24 indicates Positive momentum. The RSI at 43.65 is Neutral, neither overbought nor oversold. The STOCH value of 36.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1946.
Toenec Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥145.56B | 9.06 | ― | 3.22% | 12.23% | 43.29% | |
76 Outperform | ¥259.31B | 12.19 | 7.43% | 2.78% | 1.31% | 59.20% | |
76 Outperform | ¥96.56B | 13.41 | ― | 4.38% | -0.84% | -1.80% | |
71 Outperform | ¥184.07B | 9.99 | ― | 2.87% | 6.66% | 46.38% | |
70 Outperform | ¥127.11B | 9.59 | ― | 1.55% | 20.44% | 106.45% | |
66 Neutral | ¥199.22B | 12.14 | ― | 3.09% | 3.75% | 87.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:1946
Toenec Corporation
2,075.00
1,108.21
114.63%
JP:1941
CHUDENKO
4,715.00
1,516.60
47.42%
JP:1926
Raito Kogyo Co., Ltd.
4,000.00
1,561.97
64.07%
JP:1934
Yurtec Corporation
2,688.00
1,004.36
59.65%
JP:1939
Yondenko Corporation
2,002.00
721.09
56.30%
JP:1965
Techno Ryowa Ltd.
6,320.00
3,583.46
130.95%
Toenec Corporation Corporate Events
Toenec Confirms Reviewed Nine-Month Results as Profit Jumps Despite Lower Sales
Feb 9, 2026
Toenec Corporation reported consolidated financial results for the nine months ended December 31, 2025, under Japanese GAAP, confirming that its interim review by independent auditors has been completed with no changes to the figures previously di...
Toenec Lifts Profit 80% on Higher Margins Despite Lower Sales
Feb 2, 2026
Toenec Corporation reported consolidated net sales of ¥192.1 billion for the nine months ended December 31, 2025, down 3.1% year on year, but delivered a sharp profit recovery with operating profit up 28.6% to ¥12.9 billion and profit at...
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.
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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.