Toray Industries (JP:3402)
:3402
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3402 Stock Chart & Stats
¥1105.50
¥14.50(1.43%)
At close: 4:00 PM EST
¥1105.50
¥14.50(1.43%)
Day’s Range― - ―
52-Week Range¥913.70 - ¥1,353.50
Previous CloseN/A
Volume7.98M
Average Volume (3M)4.93M
Market Cap
¥1.61T
Enterprise Value¥2.38T
Total Cash (Recent Filing)¥265.30B
Total Debt (Recent Filing)¥905.56B
Price to Earnings (P/E)20.5
Beta0.91
Next Earnings
Aug 12, 2026EPS Estimate
18.45Next Dividend Ex-DateN/A
Dividend Yield1.85%
Share Statistics
EPS (TTM)52.84
Shares Outstanding1,504,481,400
10 Day Avg. Volume6,748,400
30 Day Avg. Volume4,930,880
Financial Highlights & Ratios
PEG Ratio2.52
Price to Book (P/B)0.92
Price to Sales (P/S)0.64
P/FCF Ratio25.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,316.67Price Target Upside19.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)68.45
Revenue Forecast (FY)¥2.76T
Bulls Say, Bears Say
Bulls Say
Diversified Advanced-materials PortfolioToray's breadth across fibers, performance chemicals, carbon-fiber composites and environmental engineering gives durable exposure to multiple end markets (automotive, aerospace, electronics, water treatment). This reduces single-market cyclicality and supports long-term specialty-margin potential and cross-segment technology leverage.
Improving Profitability And MarginsMargins have meaningfully recovered from a weak 2024 and now sit at healthier levels, indicating structural cost control and/or better product mix toward specialty materials. Sustained mid-single-digit net margins and ~10% EBITDA improve cash generation capacity and strengthen reinvestment and R&D funding over the medium term.
De-risking Balance Sheet And Manageable LeverageDebt-to-equity around 0.49–0.50 marks an improvement from prior higher leverage, while equity growth supports resilience. Lower leverage improves financial flexibility to fund capex, invest in specialty materials, and weather demand cycles without aggressive refinancing or asset sales, strengthening medium-term stability.
Bears Say
Modest Top-line GrowthToray's sales trajectory shows only modest growth which constrains long-term earnings leverage and the ability to scale higher-margin businesses rapidly. Without stronger organic or acquisition-driven revenue expansion, margin improvements alone may not translate into meaningfully higher returns on capital over the next several quarters.
Low Returns On EquityAn ROE near 4.4% signals limited capital efficiency relative to peers and suggests the business is not generating high shareholder returns from its asset and equity base. Persistently low ROE pressures investor returns and requires either sustained margin expansion or faster profitable growth to materially improve long-run shareholder value.
Weak Cash Conversion And VolatilityFCF at roughly 30% of net income, coupled with historical swings, indicates cash generation is modest and less predictable. This constrains the company's ability to consistently fund R&D, deleverage, or raise dividends without recurringly relying on working-capital improvements or asset disposals, increasing medium-term funding risk.
Toray Industries News
3402 FAQ
What was Toray Industries’s price range in the past 12 months?
Toray Industries lowest stock price was ¥913.70 and its highest was ¥1353.50 in the past 12 months.
What is Toray Industries’s market cap?
Toray Industries’s market cap is ¥1.61T.
When is Toray Industries’s upcoming earnings report date?
Toray Industries’s upcoming earnings report date is Aug 12, 2026 which is in 63 days.
How were Toray Industries’s earnings last quarter?
Toray Industries released its earnings results on May 13, 2026. The company reported ¥26.43 earnings per share for the quarter, beating the consensus estimate of ¥19.192 by ¥7.238.
Is Toray Industries overvalued?
According to Wall Street analysts Toray Industries’s price is currently Undervalued.
Does Toray Industries pay dividends?
Toray Industries pays a Semiannually dividend of ¥13 which represents an annual dividend yield of 1.85%. See more information on Toray Industries dividends here
What is Toray Industries’s EPS estimate?
Toray Industries’s EPS estimate is 18.45.
How many shares outstanding does Toray Industries have?
Toray Industries has 1,504,481,400 shares outstanding.
What happened to Toray Industries’s price movement after its last earnings report?
Toray Industries reported an EPS of ¥26.43 in its last earnings report, beating expectations of ¥19.192. Following the earnings report the stock price went up 1.921%.
Which hedge fund is a major shareholder of Toray Industries?
Currently, no hedge funds are holding shares in JP:3402
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Toray Industries
Headquartered in Tokyo, Japan, Toray Industries, Inc. is a global conglomerate, established in 1926, that develops, manufactures, and distributes a comprehensive range of advanced materials and innovative products. Through its worldwide network of subsidiaries, the company's extensive operations encompass several key divisions. It produces a wide variety of fibers and textiles, including filament and staple yarns, spun yarns, and woven and knitted fabrics made from materials like nylon, polyester, and acrylics, alongside non-woven textiles and apparel. Its performance chemicals segment delivers specialized resins (such as ABS, PBT, and PPS), molded plastic goods, polyolefin foams, diverse films, raw materials for synthetics, fine chemicals, and electronic and graphic materials. Toray is also a prominent supplier of carbon fibers and their composite materials. Beyond material science, the firm provides environmental and engineering solutions, including water treatment systems, industrial machinery, IT-related equipment, and construction materials. Additionally, it operates in the life sciences sector, offering pharmaceuticals and medical devices, and provides analytical and research services. Originally founded as Toyo Rayon Co., Ltd., the company rebranded to Toray Industries, Inc. in 1970, serving customers across Japan, China, North America, Europe, and numerous other international markets.
3402 Company Deck
3402 Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with record high core operating income and significant revenue increases across key segments like Performance Chemicals and Carbon Fiber Composite Materials. However, challenges remain in asset management and specific segments like Life Science and Fibers & Textiles in Korea.View all JP:3402 earnings summaries3402 Stock 12 Month Forecast
Average Price Target
¥1,316.67
▲(19.10% Upside)
Technical Analysis
Options Prices
Currently, No data available
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