Tobishima Holdings, Inc. (JP:256A)
:256A
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Tobishima Holdings, Inc.
(256A)
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Rating:61Neutral
Price Target:
¥2,126.00
▼(-9.76% Downside)
Action:Downgraded
Date:05/17/26
The score is primarily supported by very attractive valuation (low P/E and high dividend yield), but is capped by uneven cash-flow conversion and rising leverage in the financials, alongside weak-to-neutral technical momentum (below key moving averages with negative MACD).
Positive Factors
Margin expansion & profitability
Sustained operating profit and net income growth with expanding gross and net margins from 2023–2026 implies improved project execution and pricing discipline. That structural improvement increases durable earnings power, supports reinvestment and dividends, and creates a buffer against industry cost pressure.
Negative Factors
Volatile cash generation
Highly inconsistent operating and free cash flow, including years of sharp negative cash flow and a zero-OCF year, signals weak cash conversion and working-capital or project-timing volatility. This undermines liquidity, can force reliance on debt, and makes sustainable investment or distributions less certain.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin expansion & profitability
Sustained operating profit and net income growth with expanding gross and net margins from 2023–2026 implies improved project execution and pricing discipline. That structural improvement increases durable earnings power, supports reinvestment and dividends, and creates a buffer against industry cost pressure.
Read all positive factors
Tobishima Holdings, Inc. (256A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥37.61B
Dividend Yield3.88%
Average Volume (3M)103.19K
Price to Earnings (P/E)7.8
Beta (1Y)0.75
Revenue Growth0.72%
EPS Growth30.10%
CountryJP
Employees1,425
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)64.53
Shares Outstanding19,225,868
10 Day Avg. Volume87,460
30 Day Avg. Volume103,190
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.73
Price to Sales (P/S)0.29
P/FCF Ratio24.26
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
Tobishima Holdings, Inc. Business Overview & Revenue Model
Company Description
Tobishima Holdings Inc. engages in the construction business in Japan and internationally. The company is involved in the research, survey, planning, designing, supervision, and management of civil engineering and building construction works, as w...
How the Company Makes Money
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Tobishima Holdings, Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 139.25B | 138.26B | 132.05B | 125.94B | 117.66B |
| Gross Profit | 16.93B | 15.80B | 15.04B | 13.60B | 13.21B |
| EBITDA | 8.25B | 7.49B | 6.50B | 4.97B | 5.15B |
| Net Income | 4.84B | 3.72B | 3.40B | 3.04B | 3.22B |
Balance Sheet | |||||
| Total Assets | 163.10B | 157.17B | 150.87B | 128.06B | 114.63B |
| Cash, Cash Equivalents and Short-Term Investments | 20.87B | 25.84B | 24.07B | 20.32B | 12.97B |
| Total Debt | 35.95B | 36.41B | 34.85B | 18.64B | 16.19B |
| Total Liabilities | 108.68B | 106.71B | 102.07B | 82.33B | 70.76B |
| Stockholders Equity | 54.33B | 50.36B | 48.79B | 45.72B | 43.86B |
Cash Flow | |||||
| Free Cash Flow | 1.64B | 0.00 | -11.88B | 5.64B | -7.81B |
| Operating Cash Flow | 3.54B | 0.00 | -9.99B | 6.33B | -6.19B |
| Investing Cash Flow | -4.65B | -1.35B | -1.44B | -508.00M | -1.77B |
| Financing Cash Flow | -4.02B | 207.00M | 14.91B | 1.45B | -4.56B |
Tobishima Holdings, Inc. Technical Analysis
Negative
2356.00
Price Trends
2053.30
Negative
2207.40
Negative
2134.53
Negative
Market Momentum
-28.23
Negative
44.68
Neutral
51.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:256A, the sentiment is Negative. The current price of 2356 is above the 20-day moving average (MA) of 1998.50, above the 50-day MA of 2053.30, and above the 200-day MA of 2134.53, indicating a bearish trend. The MACD of -28.23 indicates Negative momentum. The RSI at 44.68 is Neutral, neither overbought nor oversold. The STOCH value of 51.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:256A.
Tobishima Holdings, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥44.54B | 10.32 | ― | 1.96% | 24.91% | 51.00% | |
73 Outperform | ¥41.42B | 8.82 | ― | 3.97% | -3.24% | 60.95% | |
70 Outperform | ¥46.62B | 11.14 | ― | 3.78% | 24.67% | 72.89% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥62.23B | 10.49 | ― | 0.79% | 0.81% | -53.76% | |
61 Neutral | ¥37.61B | 7.80 | ― | 3.88% | 0.72% | 30.10% | |
60 Neutral | ¥57.30B | 14.53 | ― | 1.57% | 4.01% | 21.41% |
* Industrials Sector Average
JP:256A
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Tobishima Holdings, Inc. Corporate Events
Tobishima Holdings Lifts Profit and Dividend Despite Modest Sales Growth
May 13, 2026
Tobishima Holdings reported modest top-line growth for the year ended March 31, 2026, with net sales edging up 0.7% to ¥139.3 billion while operating profit rose 7.5% and profit attributable to owners of parent surged 30.2% to ¥4.8 billi...
Tobishima Holdings Delivers Profit Surge and Confirms Outlook for FY2025
Feb 25, 2026
Tobishima Holdings, Inc. reported consolidated net sales of ¥100.9 billion for the nine months ended Dec. 31, 2025, a slight 0.6% increase year on year, while operating profit jumped 27.9% to ¥5.2 billion and profit attributable to owner...
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.