Toho Acetylene Co., Ltd. (4093) AI Stock Analysis

• Market Cap: ¥15.77B
• Dividend Yield: 3.89%
• Average Volume (3M): 33.26K
• Price to Earnings (P/E): 8.0
• Beta (1Y): 0.49
• Revenue Growth: -3.00%
• EPS Growth: -29.83%
• Country: JP
• Employees: 764
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): 11.23
• Shares Outstanding: 35,020,000
• 10 Day Avg. Volume: 27,890
• 30 Day Avg. Volume: 33,256
• PEG Ratio: -1.07
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 8.52
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: ¥533.00 ▲(48.06% Upside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is driven primarily by strong financial fundamentals—especially a robust, low-leverage balance sheet and solid cash generation—offset by some recent profitability margin pressure. Technicals show a clear uptrend, but overbought momentum signals raise near-term risk. Valuation remains supportive with a reasonable P/E and a ~3% dividend yield.

Positive Factors

Strong balance sheet

Low leverage, a healthy equity ratio and steadily falling net debt give Toho Acetylene durable financial resilience. This balance-sheet strength supports operations through cyclical weakness, preserves access to credit for capex or working capital, and underpins long-term strategic optionality such as selective M&A or sustained shareholder distributions.

Negative Factors

Profit margin pressure

Reported declines in net profit and EBIT margins indicate profitability compression that can persist if input costs, pricing power, or mix issues remain. Sustained margin erosion would reduce cash conversion, constrain reinvestment and dividends, and weaken returns on capital, making long-term growth harder without margin recovery or cost restructuring.

Toho Acetylene Co., Ltd. Business Overview & Revenue Model

Company Description

Toho Acetylene Co., Ltd. provides gas and equipment related products in Japan. The company offers high pressure gases, including acetylene, oxygen, nitrogen, argon, carbon dioxide, hydrogen, mixed gas, ammonia, semiconductor material gas, freon, h...

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Toho Acetylene Co., Ltd. provides gas and equipment related products in Japan. The company offers high pressure gases, including acetylene, oxygen, nitrogen, argon, carbon dioxide, hydrogen, mixed gas, ammonia, semiconductor material gas, freon, h...

How the Company Makes Money

Toho Acetylene generates revenue primarily through the production and sale of acetylene gas and other industrial gases. The company has established key revenue streams by serving multiple sectors, including manufacturing, where gases are used in w...

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Toho Acetylene generates revenue primarily through the production and sale of acetylene gas and other industrial gases. The company has established key revenue streams by serving multiple sectors, including manufacturing, where gases are used in w...

Toho Acetylene Co., Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	34.95B	34.80B	35.42B	34.09B	31.29B	29.83B
Gross Profit	10.99B	10.97B	11.17B	10.12B	9.60B	9.45B
EBITDA	2.55B	2.64B	2.76B	2.19B	1.88B	1.83B
Net Income	1.23B	1.29B	1.42B	988.73M	823.63M	738.16M
Balance Sheet
Total Assets	33.07B	33.74B	33.76B	31.42B	30.33B	29.63B
Cash, Cash Equivalents and Short-Term Investments	8.89B	9.50B	8.99B	8.54B	8.33B	7.88B
Total Debt	3.34B	3.84B	3.83B	3.61B	3.60B	3.81B
Total Liabilities	12.73B	13.35B	14.28B	13.10B	12.77B	12.71B
Stockholders Equity	18.27B	18.30B	17.50B	16.48B	15.83B	15.24B
Cash Flow
Free Cash Flow	0.00	1.47B	1.41B	666.94M	968.97M	712.18M
Operating Cash Flow	0.00	2.23B	2.41B	1.11B	1.78B	1.21B
Investing Cash Flow	0.00	-993.79M	-1.46B	-443.35M	-684.06M	-568.92M
Financing Cash Flow	0.00	-730.63M	-492.73M	-454.03M	-630.46M	-509.30M

Toho Acetylene Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 360.00
• 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:4093, the sentiment is Positive. The current price of 360 is below the 20-day moving average (MA) of 450.47, below the 50-day MA of 418.58, and below the 200-day MA of 364.26, indicating a bullish trend. The MACD of 8.14 indicates Positive momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 54.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4093.

Toho Acetylene Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4093	79 Outperform	¥15.77B	8.02	―	3.89%	-3.00%	-29.83%
4097	79 Outperform	¥60.17B	11.06	―	2.88%	3.42%	13.37%
5013	76 Outperform	¥41.17B	5.81	―	3.53%	-3.45%	30.52%
4041	74 Outperform	¥202.44B	8.69	―	4.09%	1.69%	0.94%
4091	74 Outperform	¥2.54T	14.14	―	1.11%	2.35%	0.43%
4463	66 Neutral	¥26.26B	10.33	―	3.53%	6.99%	-0.30%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Toho Acetylene Co., Ltd. Corporate Events