Tomoku Co., Ltd. (JP:3946)
:3946
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Tomoku Co., Ltd.
(3946)
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Rating:72Outperform
Price Target:
¥4,307.00
▲(22.01% Upside)
Action:Upgraded
Date:05/09/26
The score is driven by attractive valuation (low P/E and solid dividend yield) and supportive technical momentum (price above key moving averages with positive MACD). Offsetting these positives, overall financial strength is only moderate due to uneven cash-flow conversion and thin net margins despite improving profitability and declining leverage.
Positive Factors
Steady Revenue and Margin Improvement
Consistent top-line growth with rising gross and EBIT margins signals improving operational efficiency and pricing/pass-through ability. These trends support durable earnings growth and create buffer versus cost fluctuations, strengthening long-term cash generation potential.
Negative Factors
Weak Cash Conversion
Low and volatile free cash flow versus reported earnings constrains the company's ability to pay down debt, invest in capacity, or increase distributions. Persistent weak cash conversion raises refinancing and flexibility risk if margins or demand soften.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue and Margin Improvement
Consistent top-line growth with rising gross and EBIT margins signals improving operational efficiency and pricing/pass-through ability. These trends support durable earnings growth and create buffer versus cost fluctuations, strengthening long-term cash generation potential.
Read all positive factors
Tomoku Co., Ltd. (3946) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥64.74B
Dividend Yield3.5%
Average Volume (3M)23.72K
Price to Earnings (P/E)7.6
Beta (1Y)0.79
Revenue Growth2.04%
EPS Growth12.91%
CountryJP
Employees3,783
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)400.68
Shares Outstanding19,341,568
10 Day Avg. Volume18,720
30 Day Avg. Volume23,723
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)0.54
Price to Sales (P/S)0.25
P/FCF Ratio10.36
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
Tomoku Co., Ltd. Business Overview & Revenue Model
Company Description
Tomoku Co., Ltd. manufactures and sells corrugated packaging, paper containers, and other forms of packaging indispensables for logistics and distribution businesses in Japan and internationally. The company also engages in the construction and sa...
How the Company Makes Money
Tomoku primarily makes money by selling corrugated cardboard materials and finished corrugated packaging (e.g., corrugated sheets and converted products such as boxes) to corporate customers that need shipping and logistics packaging. Revenue is g...
Tomoku Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 221.16B | 224.09B | 219.61B | 211.53B | 212.82B | 206.01B |
| Gross Profit | 37.85B | 40.60B | 36.94B | 34.80B | 33.58B | 33.89B |
| EBITDA | 17.95B | 19.84B | 17.33B | 15.81B | 14.82B | 15.50B |
| Net Income | 6.60B | 7.36B | 6.51B | 5.31B | 5.25B | 5.98B |
Balance Sheet | ||||||
| Total Assets | 208.98B | 223.84B | 206.82B | 213.37B | 195.38B | 190.02B |
| Cash, Cash Equivalents and Short-Term Investments | 14.98B | 23.96B | 21.00B | 18.13B | 15.02B | 16.70B |
| Total Debt | 70.18B | 70.21B | 68.51B | 74.23B | 71.16B | 68.93B |
| Total Liabilities | 115.79B | 120.87B | 113.45B | 124.16B | 114.67B | 113.89B |
| Stockholders Equity | 92.45B | 102.15B | 92.73B | 88.62B | 80.20B | 75.66B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.37B | 7.80B | 4.05B | -2.42B | -994.00M |
| Operating Cash Flow | 0.00 | 15.17B | 18.14B | 11.12B | 7.01B | 16.70B |
| Investing Cash Flow | 0.00 | -10.65B | -8.26B | -9.29B | -9.39B | -18.22B |
| Financing Cash Flow | 0.00 | -2.18B | -7.05B | 1.05B | 535.00M | 4.12B |
Tomoku Co., Ltd. Technical Analysis
Positive
3530.00
Price Trends
3520.55
Positive
3499.13
Positive
3377.40
Positive
Market Momentum
129.75
Negative
69.81
Neutral
68.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3946, the sentiment is Positive. The current price of 3530 is below the 20-day moving average (MA) of 3729.50, above the 50-day MA of 3520.55, and above the 200-day MA of 3377.40, indicating a bullish trend. The MACD of 129.75 indicates Negative momentum. The RSI at 69.81 is Neutral, neither overbought nor oversold. The STOCH value of 68.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3946.
Tomoku Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥78.43B | 21.16 | ― | 6.64% | 2.45% | 1.87% | |
72 Outperform | ¥64.74B | 7.56 | ― | 3.50% | 2.04% | 12.91% | |
70 Outperform | ¥13.19B | 10.20 | ― | 1.20% | 1.06% | -1.71% | |
69 Neutral | ¥63.18B | 15.41 | ― | 3.31% | 2.25% | 30.32% | |
63 Neutral | ¥97.18B | 12.05 | 7.53% | 3.01% | 5.17% | 20.88% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥18.44B | 7.18 | ― | 4.39% | 1.59% | -5.58% |
* Consumer Cyclical Sector Average
JP:3946
Tomoku Co., Ltd.
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Tomoku Co., Ltd. Corporate Events
Tomoku boosts profits, balance sheet and dividends on steady growth
May 8, 2026
Tomoku Co., Ltd. reported a 2.0% rise in net sales to ¥224.1 billion for the fiscal year ended March 31, 2026, with operating profit up 21.6% and profit attributable to owners of parent climbing 13.1%, boosting ROE and equity while maintainin...
Tomoku Reshapes Top Management and Board to Strengthen Governance
May 8, 2026
Tomoku Co., Ltd. announced a major overhaul of its top management, with current President and CEO Mitsuo Nakahashi set to become Representative Director, Chairman and CEO, while seasoned sales executive Terutaka Fukazawa will be promoted to Repres...
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.