Tomoku Co., Ltd. (3946) AI Stock Analysis

• Market Cap: ¥45.80B
• Dividend Yield: 3.94%
• Average Volume (3M): 59.34K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.75
• Revenue Growth: 3.82%
• EPS Growth: 22.44%
• Country: JP
• Employees: 3,783
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Packaging & Containers
• EPS (TTM): 133.82
• Shares Outstanding: 19,341,568
• 10 Day Avg. Volume: 36,950
• 30 Day Avg. Volume: 59,340
• PEG Ratio: 0.71
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 74 Outperform
• Price Target: ¥3,091.00 ▲(10.75%Upside)

Tomoku Co., Ltd. has a strong overall stock score driven by robust financial performance and favorable valuation. The technical analysis suggests a bullish outlook, though caution is advised due to overbought conditions. The absence of earnings call data means this assessment does not include recent management insights.

Tomoku Co., Ltd. Business Overview & Revenue Model

Company Description

Tomoku Co., Ltd. is a Japanese company primarily engaged in the manufacturing and sale of paper products. The company operates in various sectors, including corrugated cardboard products, paper processing, and real estate. Tomoku's core products include corrugated cardboard boxes, processed paper products, and related packaging solutions, catering to diverse industries such as electronics, food, and logistics.

How the Company Makes Money

Tomoku Co., Ltd. generates revenue through multiple streams, with its primary income derived from the sale of corrugated cardboard and paper products. The company manufactures and supplies packaging solutions to a wide range of industries, which ensures a steady demand for its products. In addition to product sales, Tomoku benefits from its real estate operations, which involve leasing properties and managing commercial facilities. Strategic partnerships with other manufacturing and distribution companies also contribute to its revenue by expanding its market reach and enhancing its service offerings.

Tomoku Co., Ltd. Financial Statement Overview

Summary

Tomoku Co., Ltd. demonstrated strong financial performance with improvements in revenue, profitability, and cash flow. The company's leverage management and capital structure are stable, though asset reduction may indicate investment constraints.

Income Statement

Tomoku Co., Ltd. showed solid revenue growth with a 3.82% increase in 2025 compared to 2024. The gross profit margin improved to 16.82%, and the net profit margin rose to 2.96%, indicating enhanced profitability. EBIT and EBITDA margins also showed positive trends, with EBIT margin at 4.26% and EBITDA margin at 8.26%. This indicates efficient cost management and operational performance.

Balance Sheet

The company's debt-to-equity ratio decreased to 0.73, reflecting a stable capital structure and reduced leverage. Return on Equity (ROE) improved to 7.02%, suggesting effective use of shareholder equity. The equity ratio remained robust at 44.84%, indicating strong financial stability. However, total assets slightly decreased, which could signal capital investment constraints.

Cash Flow

Operating cash flow increased significantly by 63.16% in 2025, leading to a strong free cash flow of 7.8 billion yen. Free cash flow to net income ratio improved, signifying better cash conversion. However, the company experienced negative investing cash flow, potentially indicating high capital expenditures or investment activities.

Breakdown
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
219.17B	219.61B	211.53B	212.82B	206.01B	175.65B
	Gross Profit
36.30B	36.94B	34.80B	33.58B	33.89B	30.48B
	EBIT
8.71B	9.36B	8.06B	7.45B	8.33B	7.23B
	EBITDA
14.25B	18.14B	17.05B	14.82B	15.50B	13.36B
	Net Income Common Stockholders
5.91B	6.51B	5.31B	5.25B	5.98B	4.89B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.84B	21.00B	18.13B	15.02B	16.70B	14.05B
	Total Assets
207.08B	206.82B	213.37B	195.38B	190.02B	179.74B
	Total Debt
73.22B	67.66B	72.98B	69.59B	67.17B	61.52B
	Net Debt
59.38B	46.66B	54.85B	54.58B	50.47B	47.48B
	Total Liabilities
122.54B	113.45B	124.16B	114.67B	113.89B	108.53B
	Stockholders Equity
83.98B	92.73B	88.62B	80.19B	75.66B	70.73B
Cash Flow		Free Cash Flow
0.00	7.80B	4.03B	-2.47B	-1.07B	1.30B
	Operating Cash Flow
0.00	18.14B	11.12B	7.01B	16.70B	11.07B
	Investing Cash Flow
0.00	-8.26B	-9.29B	-9.39B	-18.22B	-13.45B
	Financing Cash Flow
0.00	-7.05B	1.05B	535.00M	4.12B	5.83B

Tomoku Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2791.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 2791 is above the 20-day moving average (MA) of 2753.40, above the 50-day MA of 2546.02, and above the 200-day MA of 2350.04, indicating a bullish trend. The MACD of 74.89 indicates Positive momentum. The RSI at 61.55 is Neutral, neither overbought nor oversold. The STOCH value of 30.75 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3947	79 Outperform	¥19.78B	4.94		3.51%	9.75%	153.81%
3950	79 Outperform	¥62.11B	10.57		4.04%	2.76%	-3.98%
7923	74 Outperform	¥3.41B	5.70		1.48%	7.96%	22.49%
3946	74 Outperform	¥45.80B	7.06		3.94%	3.82%	22.44%
3951	73 Outperform	¥18.70B	10.82		4.61%	4.95%	6.56%
7482	72 Outperform	¥27.71B	13.68		4.42%	4.99%	-12.09%
Sector *	63 Neutral	$6.94B	11.34	2.80%	4.26%	2.68%	-24.70%

Tomoku Co., Ltd. Corporate Events

Tomoku Co., Ltd. Announces Increased Year-End Dividend

Tomoku Co., Ltd. has announced a resolution to pay dividends of surplus, with a record date of March 31, 2025. The company will distribute a year-end dividend of 55 yen per share, resulting in an annual dividend of 100 yen per share, reflecting its progressive dividend policy aimed at aligning with medium- to long-term profit growth. This decision underscores Tomoku’s focus on returning profits to shareholders and enhancing capital efficiency, with a target dividend payout ratio of approximately 30%.

Tomoku Co., Ltd. Reports Strong Financial Performance for Fiscal Year 2025

Tomoku Co., Ltd. reported its consolidated financial results for the fiscal year ended March 31, 2025, showing a notable increase in net sales and profits compared to the previous year. The company achieved a 3.8% rise in net sales and a 22.6% increase in profit attributable to owners of the parent, reflecting a strong operational performance. The company also announced an increase in annual dividends, signaling confidence in its financial health and commitment to shareholder returns.

Tomoku Co., Ltd. Announces Leadership Changes

Tomoku Co., Ltd. announced a series of changes in its directors and executive officers, which will be finalized at their upcoming Annual General Meeting of Shareholders. These changes include new appointments and resignations, reflecting a strategic shift in leadership roles that could impact the company’s operational and strategic direction.

Tomoku Co., Ltd. Reports Strong Financial Performance for FY 2025

Tomoku Co., Ltd. reported its consolidated financial results for the fiscal year ending March 31, 2025, showing a notable increase in net sales and profits. The company achieved a 3.8% increase in net sales and a 22.6% rise in profit attributable to owners of the parent compared to the previous year. The financial position improved with a higher equity-to-asset ratio, and cash dividends per share increased significantly, indicating a strong financial performance and a positive outlook for stakeholders.

Tomoku Co., Ltd. Merges Subsidiaries to Enhance Housing Services

Tomoku Co., Ltd. announced the merger of its subsidiaries, Sweden House Co., Ltd. and Sweden House Reform Co., Ltd., to streamline operations and enhance service offerings in the housing market. This strategic move is designed to provide a comprehensive service from construction to renovation, aiming to increase corporate value and optimize resource utilization, with minimal impact on the company’s financial results.

Tomoku Co., Ltd. Increases Year-End Dividend Forecast for FY 2025

Tomoku Co., Ltd. has revised its year-end dividend forecast for the fiscal year ending March 31, 2025, increasing the expected dividend to 55 yen per share from the previously forecasted 45 yen. This decision aligns with the company’s strategy to enhance shareholder returns and improve capital efficiency, reflecting its commitment to a progressive dividend policy in response to favorable financial trends and future business prospects.