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Toagosei Co
(4045)
Toagosei Co (4045) vs. iShares MSCI Japan ETF (EWJ)
Toagosei Co Business Overview & Revenue Model
Toagosei Co Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 166.37B | 162.31B | 167.59B | 159.37B | 160.82B | 156.31B |
| Gross Profit | 45.96B | 47.13B | 45.71B | 41.37B | 42.93B | 45.34B |
| EBITDA | 27.20B | 25.83B | 25.54B | 27.88B | 27.87B | 29.52B |
| Net Income | 10.55B | 12.77B | 11.88B | 12.18B | 12.49B | 13.77B |
Balance Sheet | ||||||
| Total Assets | 269.84B | 289.11B | 278.02B | 272.29B | 265.13B | 258.95B |
| Cash, Cash Equivalents and Short-Term Investments | 31.62B | 31.52B | 41.82B | 56.11B | 58.37B | 75.46B |
| Total Debt | 11.01B | 21.81B | 12.30B | 12.35B | 12.38B | 11.49B |
| Total Liabilities | 59.19B | 73.16B | 64.35B | 59.77B | 54.33B | 52.34B |
| Stockholders Equity | 209.55B | 214.81B | 212.59B | 211.51B | 205.97B | 201.76B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.68B | -1.86B | 9.98B | -9.31B | 9.70B |
| Operating Cash Flow | 0.00 | 22.29B | 20.18B | 21.64B | 10.99B | 21.22B |
| Investing Cash Flow | 0.00 | -29.64B | -13.59B | -3.53B | -3.58B | -10.24B |
| Financing Cash Flow | 0.00 | -4.50B | -14.51B | -15.52B | -9.46B | -8.64B |
Toagosei Co Technical Analysis
Toagosei Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥228.38B | 14.98 | ― | 4.09% | 1.69% | 0.94% | |
73 Outperform | ¥197.65B | 15.87 | 4.41% | 3.80% | -1.50% | -32.46% | |
69 Neutral | ¥370.00B | 20.96 | ― | 5.28% | -0.47% | 25.41% | |
68 Neutral | ¥850.26B | 24.82 | 4.79% | 4.21% | -1.21% | -27.21% | |
64 Neutral | ¥287.14B | -31.24 | -4.00% | 3.71% | 0.24% | -234.36% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ¥558.53B | 77.05 | 1.08% | 3.37% | -1.94% | -84.08% |
Toagosei Co Corporate Events
Toagosei Co., Ltd. has bought back 1,150,000 shares of its common stock for approximately 2.1 billion yen, at an average price of 1,830.5 yen per share, via extended-hours trading on the Tokyo Stock Exchange’s ToSTNeT-3 system on February 13, 2026. This transaction forms part of a board-approved share repurchase program authorizing up to 2,000,000 shares or 3.0 billion yen through year-end 2026, signaling continued capital returns to shareholders and leaving room for further buybacks that could support the stock and optimize the company’s capital structure.
Following this initial execution, Toagosei has already used a significant portion of its authorized repurchase capacity, with 1,150,000 shares acquired against the 2,000,000-share ceiling. The remaining authorization provides flexibility for additional market purchases over the course of 2026, potentially enhancing earnings per share and reinforcing management’s commitment to shareholder value, while also indicating confidence in the company’s financial position and long-term prospects.
The most recent analyst rating on (JP:4045) stock is a Hold with a Yen1975.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.
Toagosei Co., Ltd. has resolved to acquire up to 1,150,000 shares, or about 1.07% of its outstanding common stock excluding treasury shares, via extended-hours trading on the Tokyo Stock Exchange’s ToSTNeT-3 system at ¥1,830.5 per share, matching the February 12 closing price. The move is part of a broader buyback program authorized the same day that allows purchases of up to 2 million shares, or 1.86% of shares, for a maximum of ¥3 billion through December 31, 2026, signaling an effort to enhance shareholder returns and optimize capital allocation, though execution will depend on market conditions and some or all orders may go unfilled.
The most recent analyst rating on (JP:4045) stock is a Hold with a Yen1975.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.
Toagosei will dispose of 198,000 shares of its treasury stock on March 3, 2026, at ¥1,878 per share, transferring them to a trust account at Sumitomo Mitsui Trust Bank for use in its employee stock compensation plan. The transaction totals about ¥371.8 million and represents a dilution of roughly 0.18% of outstanding shares, a level the company deems minor for the secondary market.
The disposal supports a previously introduced employee stock compensation plan designed to heighten staff awareness of corporate performance and share price, thereby improving results and boosting medium- to long-term corporate value. Shares will be granted to employees based on position and responsibilities over the life of the trust, which runs through March 2029, reinforcing welfare benefits while further aligning employees with shareholder interests.
The most recent analyst rating on (JP:4045) stock is a Hold with a Yen1975.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.
Toagosei will continue its employee stock compensation plan, first introduced in April 2023, by extending the associated employee share granting trust through March 31, 2029. The board has approved an additional monetary contribution of ¥371.844 million, enabling the trust to acquire 198,000 shares of common stock via transfer of treasury shares on March 3, 2026, reinforcing long-term incentive alignment and potentially improving employee retention and engagement.
The trust will be administered by Sumitomo Mitsui Trust Bank, with Custody Bank of Japan as re-trustee, and voting rights will be exercised by the trustee under instructions from an independent trust administrator. By committing further capital to this scheme, Toagosei signals a continued focus on stock-based rewards as part of its compensation policy, which may modestly affect treasury share levels while supporting a shareholder-oriented culture among employees.
The most recent analyst rating on (JP:4045) stock is a Hold with a Yen1975.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.
Toagosei has unveiled its 2026–2028 medium-term management plan, “Connect and Create 2028,” targeting resilient growth amid geopolitical risks, inflation, and rising ESG and digital demands. The company plans continued investment in four priority areas—mobility, semiconductors, medical, and environmental infrastructure—while leveraging R&D, M&A, and partnerships with academia and startups to expand applications and deepen technological differentiation.
The plan emphasizes portfolio optimization through “selection and concentration,” global expansion, and groupwide digital transformation across production, quality control, R&D, and administrative functions. Financially, Toagosei is aiming by FY2028 for net sales of ¥180 billion, operating income of ¥18 billion with a 10.0% margin, EPS of ¥130, and at least 4% of sales for R&D, while slightly reducing capital expenditures versus the prior plan period.
The company also sets non-financial targets, including a 40% reduction in greenhouse gas emissions from 2013 levels, increasing the ratio of female managers to 8.0%, and improving ROE to 6.5% with a PBR of at least 1.0x. These initiatives are designed to strengthen its production base, improve capital efficiency, promote ESG, and secure diverse talent, positioning Toagosei to achieve its 2030 vision of a high-value, sustainability-focused portfolio of advanced materials.
The most recent analyst rating on (JP:4045) stock is a Hold with a Yen1975.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.
Toagosei Co., Ltd. has approved a new share buyback program, authorizing the acquisition of up to 2,000,000 shares, or about 1.86% of its outstanding common stock, for a maximum of 3.0 billion yen. The purchases will be conducted on the Tokyo Stock Exchange between February 13 and December 31, 2026, via market transactions including discretionary investment agreements and extended-hours trading.
The company stated that the treasury stock acquisition is aimed at enhancing shareholder returns, improving capital efficiency, and supporting flexible capital policies to raise corporate value. As of December 31, 2025, Toagosei held 348,199 shares in treasury against 107,651,801 shares outstanding, indicating that the new program represents a significant expansion of its existing treasury stock position.
The most recent analyst rating on (JP:4045) stock is a Hold with a Yen1975.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.
Toagosei reported consolidated net sales of ¥162.3 billion for the fiscal year ended December 31, 2025, down 3.2% year-on-year, while operating profit was nearly flat at ¥14.2 billion and ordinary profit declined 5.8% to ¥15.1 billion. Despite weaker sales and ordinary profit, profit attributable to owners of parent rose 7.5% to ¥12.8 billion, supported by improved comprehensive income and higher basic earnings per share of ¥117.02.
The company’s financial position remained solid, with total assets increasing to ¥289.1 billion and an equity-to-asset ratio of 74.3%, although cash and cash equivalents fell due to heavier investing outflows. Toagosei continued its shareholder return policy by raising its annual dividend from ¥60 to ¥65 per share for 2025 and forecasts a further increase to ¥70 in 2026, while guiding modest 2026 sales and profit growth but anticipating a near 10% decline in net income attributable to owners of parent.
The most recent analyst rating on (JP:4045) stock is a Hold with a Yen1975.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.
Toagosei Co., Ltd. has announced its decision to cancel a significant portion of its treasury stock, specifically 5,000,000 common shares, making up 4.42% of total shares before cancellation. This move, scheduled for December 25, 2025, highlights the company’s ongoing efforts to optimize its capital structure and could impact shareholder value positively, reflecting strategic adjustments to enhance financial operations.
The most recent analyst rating on (JP:4045) stock is a Buy with a Yen1687.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.
Toagosei Co., Ltd. announced significant organizational changes effective January 1, 2026, aimed at enhancing innovation and operational efficiency under its Medium-Term Management Plan. The company plans to strengthen its chemical substance management and develop innovative production processes to introduce new products swiftly and increase profits. These changes include the establishment of new sections for managing chemical substances and developing next-generation operation models, as well as changes in the company’s leadership to support these strategic goals.
The most recent analyst rating on (JP:4045) stock is a Buy with a Yen1687.00 price target. To see the full list of analyst forecasts on Toagosei Co stock, see the JP:4045 Stock Forecast page.