Toho Acetylene Co., Ltd. (JP:4093)
:4093
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Toho Acetylene Co., Ltd.
(4093)
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Rating:63Neutral
Price Target:
¥429.00
▲(19.17% Upside)
Action:Downgraded
Date:05/15/26
Score is supported by a conservative, low-leverage financial profile and attractive valuation (low P/E plus dividend yield), but is held back by weak technical momentum and recent slowing in revenue/earnings with a 2026 free-cash-flow decline.
Positive Factors
Conservative balance sheet
Low leverage and a steadily growing equity base provide durable financial flexibility. This conservative financing lets the company sustain operations through industry cycles, fund targeted investments or maintenance capex without large refinancing risk, and supports creditor and supplier confidence over the coming months.
Negative Factors
Recent revenue slowdown
A multi-year slowdown and recent declines reduce the firm's ability to leverage fixed costs and compress future earnings power. If demand remains weak, organic growth and margin expansion will be challenged, limiting free cash flow upside and constraining reinvestment over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a steadily growing equity base provide durable financial flexibility. This conservative financing lets the company sustain operations through industry cycles, fund targeted investments or maintenance capex without large refinancing risk, and supports creditor and supplier confidence over the coming months.
Read all positive factors
Toho Acetylene Co., Ltd. (4093) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.95B
Dividend Yield3.89%
Average Volume (3M)33.26K
Price to Earnings (P/E)10.8
Beta (1Y)0.45
Revenue Growth-0.65%
EPS Growth-0.09%
CountryJP
Employees764
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)35.50
Shares Outstanding35,020,000
10 Day Avg. Volume27,890
30 Day Avg. Volume33,256
Financial Highlights & Ratios
PEG Ratio-110.11
Price to Book (P/B)0.80
Price to Sales (P/S)0.44
P/FCF Ratio17.77
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
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...
How the Company Makes Money
Toho Acetylene makes money primarily by selling industrial gases and related products to business customers. Revenue is generated through (1) sales of gases (e.g., for fabrication, welding/cutting, metal processing, and other industrial uses) supp...
Toho Acetylene Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.95B | 34.58B | 34.80B | 35.42B | 34.09B | 31.29B |
| Gross Profit | 10.99B | 11.24B | 10.97B | 11.17B | 10.12B | 9.60B |
| EBITDA | 2.55B | 2.65B | 2.64B | 2.76B | 2.19B | 1.88B |
| Net Income | 1.23B | 1.29B | 1.29B | 1.42B | 988.73M | 823.63M |
Balance Sheet | ||||||
| Total Assets | 33.07B | 33.96B | 33.74B | 33.76B | 31.42B | 30.33B |
| Cash, Cash Equivalents and Short-Term Investments | 8.89B | 9.64B | 9.50B | 8.99B | 8.54B | 8.33B |
| Total Debt | 3.34B | 3.75B | 3.84B | 3.83B | 3.61B | 3.60B |
| Total Liabilities | 12.73B | 12.64B | 13.35B | 14.28B | 13.10B | 12.77B |
| Stockholders Equity | 18.27B | 19.14B | 18.30B | 17.50B | 16.48B | 15.83B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 861.53M | 1.47B | 1.41B | 666.94M | 968.97M |
| Operating Cash Flow | 0.00 | 2.40B | 2.23B | 2.41B | 1.11B | 1.78B |
| Investing Cash Flow | 0.00 | -1.70B | -993.79M | -1.46B | -443.35M | -684.06M |
| Financing Cash Flow | 0.00 | -746.39M | -730.63M | -492.73M | -454.03M | -630.46M |
Toho Acetylene Co., Ltd. Technical Analysis
Positive
360.00
Price Trends
426.17
Negative
405.90
Negative
375.75
Positive
Market Momentum
-8.96
Negative
47.38
Neutral
80.30
Negative
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 395.05, below the 50-day MA of 426.17, and below the 200-day MA of 375.75, indicating a neutral trend. The MACD of -8.96 indicates Negative momentum. The RSI at 47.38 is Neutral, neither overbought nor oversold. The STOCH value of 80.30 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥45.18B | 8.51 | ― | 3.53% | -7.83% | 13.79% | |
70 Outperform | ¥198.09B | 10.74 | ― | 4.09% | -2.00% | 23.48% | |
69 Neutral | ¥60.78B | 13.04 | ― | 2.88% | -0.31% | -2.59% | |
64 Neutral | ¥2.68T | 21.61 | ― | 1.11% | 3.94% | 25.43% | |
64 Neutral | ¥27.68B | 9.28 | ― | 3.53% | 4.47% | 9.89% | |
63 Neutral | ¥13.95B | 10.79 | ― | 3.89% | -0.65% | -0.09% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4093
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Toho Acetylene Co., Ltd. Corporate Events
Toho Acetylene Affirms Independence Despite Major Stakes Held by Tosoh and Hikari Tsushin
May 14, 2026
Toho Acetylene disclosed the status of its key affiliated shareholders, confirming that Tosoh Corporation directly holds 24.72% of its voting rights and that HIKARI TSUSHIN indirectly controls 20.66% through several subsidiaries. Both shareholders...
Toho Acetylene Posts Flat FY2026 Earnings, Keeps Dividend as Profit Outlook Softens
May 14, 2026
Toho Acetylene reported virtually flat earnings for the fiscal year ended March 31, 2026, with net sales dipping 0.7% to ¥34.6 billion and profit attributable to owners of parent edging down 0.0% to ¥1.29 billion, as margins held steady ...
Toho Acetylene Classifies Hikari Tsushin as Other Associated Company After Stake Rises Above 20%
Apr 17, 2026
Toho Acetylene Co., Ltd. has announced that diversified services group HIKARI TSUSHIN, INC. has become an “other associated company” after its indirect ownership in Toho Acetylene surpassed 20 percent of voting rights through multiple ...
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.