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Takasago Thermal Engineering Co., Ltd.
(1969)
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Rating:69Neutral
Price Target:
¥4,590.00
▲(3.49% Upside)
Action:Downgraded
Date:05/13/26
The score is primarily supported by strong multi-year earnings growth and a conservative balance sheet, but it is tempered by cash-flow volatility. Technicals are moderately constructive without strong momentum, while valuation is somewhat demanding with only a moderate dividend yield.
Positive Factors
Multi-year revenue and earnings expansion
Sustained multi-year top-line and operating-profit growth demonstrates the company has scaled its project and service operations while improving operating leverage. That trajectory supports reinvestment capacity, stronger margins over time, and a larger recurring-service base that underpins medium-term earnings durability.
Negative Factors
Volatile operating and free cash flow
Meaningful year-to-year swings in operating and free cash flow point to working-capital and project-cycle variability inherent to contracting. That volatility can constrain consistent reinvestment, make dividend or buyback policies harder to sustain, and elevate execution risk across 2–6 month planning horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue and earnings expansion
Sustained multi-year top-line and operating-profit growth demonstrates the company has scaled its project and service operations while improving operating leverage. That trajectory supports reinvestment capacity, stronger margins over time, and a larger recurring-service base that underpins medium-term earnings durability.
Read all positive factors
Takasago Thermal Engineering Co., Ltd. (1969) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥591.68B
Dividend Yield2.7%
Average Volume (3M)593.99K
Price to Earnings (P/E)14.9
Beta (1Y)0.86
Revenue Growth11.07%
EPS Growth37.40%
CountryJP
Employees7,287
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)285.79
Shares Outstanding140,478,800
10 Day Avg. Volume596,360
30 Day Avg. Volume593,993
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)2.68
Price to Sales (P/S)1.33
P/FCF Ratio23.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,900.00Price Target Upside10.48% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)311.08
Revenue Forecast (FY)¥445.00B
Takasago Thermal Engineering Co., Ltd. Business Overview & Revenue Model
Company Description
Takasago Thermal Engineering Co., Ltd., a Tokyo-based company established in 1923 and known as Takasago Heating Works Co., Ltd. until its 1943 rebranding, operates globally in the specialized field of thermal engineering. The company provides a fu...
How the Company Makes Money
Takasago Thermal Engineering primarily makes money through project-based contracting and recurring service work tied to building and industrial facility mechanical systems. Its main revenue model is (1) engineering and construction contracts: earn...
Takasago Thermal Engineering Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 423.92B | 381.66B | 363.37B | 338.83B | 302.75B |
| Gross Profit | 90.73B | 71.65B | 59.95B | 46.36B | 41.40B |
| EBITDA | 57.01B | 41.07B | 30.07B | 19.61B | 18.90B |
| Net Income | 37.47B | 27.63B | 19.61B | 12.23B | 11.54B |
Balance Sheet | |||||
| Total Assets | 381.82B | 334.95B | 340.11B | 313.39B | 300.74B |
| Cash, Cash Equivalents and Short-Term Investments | 48.23B | 47.65B | 53.30B | 72.32B | 56.96B |
| Total Debt | 42.41B | 38.56B | 39.59B | 30.50B | 33.70B |
| Total Liabilities | 166.76B | 150.66B | 172.87B | 166.22B | 163.84B |
| Stockholders Equity | 209.89B | 180.67B | 164.36B | 142.47B | 132.90B |
Cash Flow | |||||
| Free Cash Flow | 24.22B | 1.55B | -16.45B | 20.78B | -1.82B |
| Operating Cash Flow | 29.28B | 5.88B | -13.10B | 25.83B | 1.19B |
| Investing Cash Flow | -11.40B | -1.41B | -8.10B | -5.43B | 1.04B |
| Financing Cash Flow | -16.96B | -12.71B | -491.00M | -8.32B | -8.01B |
Takasago Thermal Engineering Co., Ltd. Technical Analysis
Negative
4435.00
Price Trends
4675.06
Negative
4583.94
Negative
4576.20
Negative
Market Momentum
-154.11
Positive
36.35
Neutral
37.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1969, the sentiment is Negative. The current price of 4435 is above the 20-day moving average (MA) of 4431.20, below the 50-day MA of 4675.06, and below the 200-day MA of 4576.20, indicating a bearish trend. The MACD of -154.11 indicates Positive momentum. The RSI at 36.35 is Neutral, neither overbought nor oversold. The STOCH value of 37.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1969.
Takasago Thermal Engineering Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥103.93B | 17.01 | 4.76% | 3.59% | -1.80% | 16.84% | |
72 Outperform | ¥264.54B | 17.27 | 10.28% | 2.44% | 3.59% | 44.84% | |
69 Neutral | ¥591.68B | 14.92 | ― | 2.13% | 11.07% | 37.40% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥6.82T | 24.78 | 9.01% | 1.42% | 5.53% | 3.94% | |
63 Neutral | ¥1.11T | 28.23 | 7.97% | 1.48% | 2.01% | 331.85% | |
50 Neutral | ¥499.01B | 89.99 | 1.26% | 4.96% | 1.71% | -20.26% |
* Industrials Sector Average
JP:1969
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Takasago Thermal Engineering Co., Ltd. Corporate Events
Takasago Thermal Engineering Delivers Strong FY2026 Earnings and Lifts Shareholder Returns
Jun 15, 2026
Takasago Thermal Engineering reported strong consolidated results for the fiscal year ended March 31, 2026, with net sales rising 11.1% to ¥423.9 billion and operating profit surging 47.3% to ¥47.7 billion. Profit attributable to owners ...
Takasago Thermal Engineering Corrects Key Figures in FY2026 Results Briefing
Jun 12, 2026
Takasago Thermal Engineering has announced corrections to several aggregated figures previously disclosed in its financial results briefing for the fiscal year ended March 31, 2026. The revisions affect data on consolidated cash flows, trends in s...
Takasago Thermal Engineering Revises Cash Flow Figures in FY2026 Results
Jun 12, 2026
Takasago Thermal Engineering has announced corrections to certain items in its consolidated financial results for the fiscal year ended March 31, 2026, originally released in May. The company identified errors in aggregated figures in the consolid...
Takasago Thermal Engineering Raises Annual Dividend on Profit Growth
May 26, 2026
Takasago Thermal Engineering has proposed a year-end dividend of 72 yen per share, with a record date of March 31, 2026, to be approved at its 146th Ordinary General Meeting of Shareholders on June 25, 2026. The payout, sourced from retained earni...
Takasago Thermal Engineering Details FY2025 Results and FY2026 Outlook
May 12, 2026
Takasago Thermal Engineering has released briefing materials covering its financial results for the fiscal year ended 31 March 2026, labeled as FY2025 in its reporting. The materials outline the company’s performance, the progress of its 202...
Takasago Thermal Engineering Delivers Strong FY2026 Results and Signals Steady Growth
May 12, 2026
Takasago Thermal Engineering reported strong earnings for the fiscal year ended March 31, 2026, with net sales rising 11.1% to ¥423.9 billion and operating profit surging 47.3% to ¥47.7 billion, lifting profit attributable to owners of t...
Takasago Thermal Engineering Raises Dividend Forecast on Improved Earnings Outlook
May 12, 2026
Takasago Thermal Engineering has revised its dividend forecast for the fiscal year ending March 31, 2026, raising the planned year-end dividend from ¥69 to ¥72 per share. Ignoring the impact of an October 2025 two-for-one share split, th...
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.