TOCALO Co., Ltd. (JP:3433)
:3433
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TOCALO Co., Ltd.
(3433)
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Rating:78Outperform
Price Target:
¥3,517.00
▲(58.14% Upside)
Action:ReiteratedDate:02/04/26
The score is primarily driven by strong financial performance: consistent revenue growth, improving margins, and a low-leverage balance sheet supported by solid operating cash flow. Technicals add support via a clear uptrend above major moving averages, but elevated RSI/Stoch indicate the stock may be stretched. Valuation is reasonable with a mid-range P/E and a ~2.9% dividend yield, contributing moderately to the overall score.
Positive Factors
Consistent revenue growth and improving margins
Multi-year top-line growth paired with rising net margins indicates durable demand for TOCALO's surface engineering services and improved operational efficiency. Sustained revenue expansion and margin improvement support reinvestment, stable profitability and stronger returns on capital over the medium term.
Negative Factors
Moderate free cash flow conversion
Free cash flow materially below net income suggests significant capex or working capital absorption relative to earnings. That limits internally available funds for growth initiatives, larger dividends or acquisitions, constraining strategic flexibility over the medium term unless conversion improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth and improving margins
Multi-year top-line growth paired with rising net margins indicates durable demand for TOCALO's surface engineering services and improved operational efficiency. Sustained revenue expansion and margin improvement support reinvestment, stable profitability and stronger returns on capital over the medium term.
Read all positive factors
TOCALO Co., Ltd. (3433) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥164.81B
Dividend Yield3.39%
Average Volume (3M)169.44K
Price to Earnings (P/E)16.4
Beta (1Y)1.13
Revenue Growth14.21%
EPS Growth29.38%
CountryJP
Employees1,389
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)33.90
Shares Outstanding61,200,000
10 Day Avg. Volume202,670
30 Day Avg. Volume169,436
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)1.63
Price to Sales (P/S)1.82
P/FCF Ratio27.78
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)164.5
Revenue Forecast (FY)¥63.20B
TOCALO Co., Ltd. Business Overview & Revenue Model
Company Description
TOCALO Co.,Ltd. develops surface modifying technologies in Japan and internationally. It produces functional coatings through thermal spraying technology, including vacuum and atmospheric plasma, electric arc, high velocity oxy-fuel spraying, susp...
How the Company Makes Money
TOCALO Co., Ltd. generates revenue through the sale of its precision cutting tools and machinery to various industries. The company has a diversified revenue model that includes direct sales to manufacturers, distribution partnerships, and export ...
TOCALO Co., Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.52B | 54.23B | 46.73B | 48.14B | 43.81B | 39.29B |
| Gross Profit | 21.62B | 20.29B | 16.27B | 17.38B | 16.59B | 14.77B |
| EBITDA | 16.82B | 15.57B | 12.25B | 13.55B | 13.04B | 11.66B |
| Net Income | 8.75B | 8.05B | 6.33B | 7.35B | 6.91B | 5.46B |
Balance Sheet | ||||||
| Total Assets | 80.15B | 82.78B | 77.94B | 74.90B | 70.07B | 64.65B |
| Cash, Cash Equivalents and Short-Term Investments | 15.68B | 17.98B | 20.91B | 20.91B | 20.11B | 19.23B |
| Total Debt | 3.40B | 3.88B | 5.10B | 2.94B | 4.29B | 6.07B |
| Total Liabilities | 14.83B | 17.05B | 18.01B | 17.25B | 17.61B | 17.76B |
| Stockholders Equity | 60.43B | 60.65B | 55.46B | 53.84B | 49.10B | 44.20B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.55B | 3.09B | 5.28B | 5.31B | 6.24B |
| Operating Cash Flow | 0.00 | 9.08B | 7.88B | 9.89B | 9.87B | 10.59B |
| Investing Cash Flow | 0.00 | -6.19B | -4.63B | -5.09B | -5.04B | -4.62B |
| Financing Cash Flow | 0.00 | -5.12B | -3.24B | -4.56B | -4.55B | -3.80B |
TOCALO Co., Ltd. Technical Analysis
Positive
2224.00
Price Trends
2708.77
Negative
2449.47
Positive
2233.44
Positive
Market Momentum
-33.86
Negative
50.55
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3433, the sentiment is Positive. The current price of 2224 is below the 20-day moving average (MA) of 2629.19, below the 50-day MA of 2708.77, and below the 200-day MA of 2233.44, indicating a neutral trend. The MACD of -33.86 indicates Negative momentum. The RSI at 50.55 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3433.
TOCALO Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥112.83B | 15.71 | ― | 4.64% | 3.99% | -28.28% | |
78 Outperform | ¥164.81B | 16.40 | ― | 3.39% | 14.21% | 29.38% | |
77 Outperform | ¥90.67B | 8.96 | ― | 3.82% | 3.68% | -46.19% | |
76 Outperform | ¥190.33B | 11.03 | ― | 2.50% | -2.46% | -10.72% | |
72 Outperform | ¥178.75B | 14.12 | 10.28% | 2.77% | 2.74% | 7.86% | |
67 Neutral | ¥91.95B | 17.07 | ― | 3.77% | -5.87% | 24.10% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:3433
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TOCALO Co., Ltd. Corporate Events
TOCALO Lifts Nine-Month Profit and Keeps Full-Year Outlook, Plans Higher Dividend
Feb 4, 2026
For the nine months ended 31 December 2025, TOCALO reported consolidated net sales of ¥42.6 billion, up 6.8% year on year, with operating profit rising 12.3% to ¥9.5 billion and profit attributable to owners of parent increasing 11.4% to...
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.