Toda Kogyo Corp. (4100) AI Stock Analysis

• Market Cap: ¥6.57B
• Dividend Yield: N/A
• Average Volume (3M): 15.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• Revenue Growth: 12.11%
• EPS Growth: 46.97%
• Country: JP
• Employees: 1,112
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.76
• Shares Outstanding: 6,099,192
• 10 Day Avg. Volume: 14,410
• 30 Day Avg. Volume: 15,720
• PEG Ratio: 3.10
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 0.21
• P/FCF Ratio: 6.28
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: ¥1,165.00 ▲(2.19% Upside)

Toda Kogyo Corp.'s stock is currently under pressure due to weak financial performance and bearish technical indicators. The negative valuation metrics further highlight profitability challenges. Investors should be cautious given the high financial leverage and lack of positive earnings guidance.

Positive Factors

Revenue Growth

The company shows a strong revenue growth rate of 12.11%, indicating successful market penetration and product demand, which supports long-term business expansion.

Free Cash Flow

Generating positive free cash flow suggests improved financial health and the ability to reinvest in growth opportunities, enhancing long-term sustainability.

Innovation and R&D

Continued investment in R&D fosters innovation, helping the company maintain a competitive edge and adapt to evolving market needs, supporting future growth.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth and weather economic downturns.

Negative Margins

Negative margins indicate profitability challenges, which can hinder the company's ability to generate sufficient returns and invest in future growth.

Volatile Cash Flows

Volatile cash flows can create uncertainty in financial planning and limit the company's ability to consistently fund operations and strategic initiatives.

Toda Kogyo Corp. Business Overview & Revenue Model

Company Description

Toda Kogyo Corp. manufactures and sells functional pigments and electronic materials in Japan and internationally. It offers electronic printing materials, including toner materials for printers and copying machines, carriers for color printers and copying machines, and magnetic materials for printers and copying machines, as well as high-chroma pigments for use in cosmetics. The company also provides metal-compatible IC/NFC tags, flexible ferrite sheets, complex noise suppression sheets, multi-functional compounds, noise suppression compound for electric wires and cables, wireless power charger coils for wearable devices, and ultra-thin flexible ferrite sheets; and flexible ferrite sheets for RFID, WPC, digitizers, noise suppression, and NFC antennas. In addition, it offers lithium cobaltate, lithium-nickel oxide, and lithium manganate battery materials for personal computers, mobile phones, hybrid cars, and industrial applications; and electronic materials for inductors and capacitors, magnetic recording materials for magnetic cards, and magnetic materials for general purpose and advanced applications. Further, the company provides environmentally functional and remediation materials comprising raw materials for lead-free vinyl chloride stabilizers; anion catchers for various resins; dioxin reduction and functional compounds for crow-repellent garbage bags, etc.; ligneous biomass hydrogen production systems; and CO2 reduction systems. Additionally, it offers pigments for colored pavements, reflective pigments to combat the heat island phenomenon, non-lead pigments for center lines, and pigments for coatings and resins; magnetic recording materials for digital recording media used with computers and video tapes for broadcasting; and electromagnetic wave shielding materials for displays and catalysts for fuel cells. The company was founded in 1823 and is headquartered in Hiroshima, Japan.

How the Company Makes Money

Toda Kogyo Corp. generates revenue primarily through the sale of its chemical products to various industries. The company's key revenue streams include the production of coatings and adhesives, which cater to automotive manufacturers and construction companies, as well as specialty chemicals used in electronics manufacturing. The company benefits from long-term contracts and partnerships with major industrial clients, which provide a stable income base. Additionally, Toda Kogyo invests in research and development to create innovative products, thereby enhancing its market position and driving growth. The company's focus on sustainability and eco-friendly products also aligns with current market trends, potentially attracting new customers and increasing sales.

Toda Kogyo Corp. Financial Statement Overview

Summary

Toda Kogyo Corp. shows a mixed financial performance. While there are signs of recovery in revenue and free cash flow, profitability remains a significant challenge, with negative margins persisting. The balance sheet is heavily leveraged, adding financial risk. Investors should be cautious of the company's ability to maintain this trajectory without further financial strain.

Income Statement

Toda Kogyo Corp. has demonstrated fluctuating revenue over the past years, with a recent decline from 2023 to 2024 and a partial recovery in 2025. The company shows negative net and EBIT margins for the latest year, indicating profitability challenges. Despite a strong gross profit margin, the negative EBITDA reflects difficulties in managing operating expenses effectively.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio, signaling significant leverage. However, the equity ratio indicates a stable level of stockholder equity relative to total assets. The return on equity is negative due to the net losses, which is a concern for investors seeking returns.

Cash Flow

There is noticeable volatility in operating cash flows, with an improvement in 2025. The company has managed to generate positive free cash flow in the latest year, an improvement from past negative figures. Nonetheless, the operating cash flow to net income ratio suggests challenges in converting accounting profits to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	31.66B	31.67B	26.23B	34.93B	35.33B	29.02B
Gross Profit	5.85B	5.58B	5.87B	7.46B	8.00B	4.78B
EBITDA	-1.76B	-1.48B	-1.48B	5.61B	5.02B	-2.41B
Net Income	-3.70B	-3.56B	-3.58B	3.27B	3.12B	-4.14B
Balance Sheet
Total Assets	49.15B	50.67B	53.71B	52.02B	51.29B	41.78B
Cash, Cash Equivalents and Short-Term Investments	7.34B	8.08B	8.16B	8.48B	7.96B	6.63B
Total Debt	27.18B	27.76B	27.32B	25.73B	24.66B	23.20B
Total Liabilities	38.04B	38.89B	39.19B	35.46B	37.33B	32.41B
Stockholders Equity	10.48B	11.13B	13.96B	15.93B	12.52B	8.20B
Cash Flow
Free Cash Flow	0.00	1.04B	-2.03B	-937.00M	149.00M	-413.00M
Operating Cash Flow	0.00	3.82B	-645.00M	833.00M	903.00M	612.00M
Investing Cash Flow	0.00	-1.89B	-1.43B	-375.00M	-1.14B	-1.22B
Financing Cash Flow	0.00	-2.13B	1.18B	187.00M	913.00M	1.42B

Toda Kogyo Corp. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1140.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4100, the sentiment is Neutral. The current price of 1140 is above the 20-day moving average (MA) of 1116.05, below the 50-day MA of 1188.04, and below the 200-day MA of 1196.15, indicating a neutral trend. The MACD of -10.90 indicates Negative momentum. The RSI at 50.01 is Neutral, neither overbought nor oversold. The STOCH value of 68.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4100.

Toda Kogyo Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4623	72 Outperform	¥6.51B	10.43	―	3.50%	-8.27%	-3.23%
4629	70 Outperform	¥7.27B	9.21	―	2.51%	2.26%	51.04%
4624	66 Neutral	¥5.38B	10.94	―	1.39%	2.67%	37.55%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
4119	56 Neutral	¥5.52B	-4.33	―	2.84%	37.67%	-117.29%
4100	46 Neutral	¥6.57B	-2.36	―	―	12.11%	46.97%
4615	44 Neutral	¥4.19B	-21.40	―	―	8.66%	-239.07%

Toda Kogyo Corp. Corporate Events

Toda Kogyo Corp. Shows Signs of Recovery Amidst Financial Challenges

Toda Kogyo Corp. reported its consolidated financial results for the six months ending September 30, 2025, showing a slight decline in net sales compared to the previous year. Despite a challenging market environment, the company managed to improve its operating profit, indicating a potential recovery in its financial performance. However, the company still faces challenges with a negative profit attributable to owners of the parent, reflecting ongoing financial pressures. The company has revised its full-year forecast, indicating cautious optimism about future performance.