Toda Kogyo Corp. (4100) AI Stock Analysis

• Market Cap: ¥7.98B
• Dividend Yield: N/A
• Average Volume (3M): 26.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: 20.71%
• EPS Growth: 0.54%
• Country: JP
• Employees: 1,112
• Sector: Basic Materials
• Sector Strength: 71
• Industry: Chemicals - Specialty
• EPS (TTM): -478.03
• Shares Outstanding: 6,099,192
• 10 Day Avg. Volume: 57,890
• 30 Day Avg. Volume: 26,186
• PEG Ratio: 0.94
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.63
• 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: ¥944.00
• Price Target Upside: -30.49% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: ¥1,382.00 ▲(1.77%Upside)

The overall stock score reflects a mixed outlook. The strong technical performance suggests positive momentum, but this is offset by significant financial risks and valuation challenges. Investors should be cautious given the company's profitability issues and high leverage.

Toda Kogyo Corp. Business Overview & Revenue Model

Company Description

Toda Kogyo Corp. is a Japanese company primarily engaged in the manufacture and sale of functional pigments and magnetic materials. The company operates through various segments, including the manufacturing of iron oxide pigments, ferrite materials, and electronic materials, catering to industries such as electronics, automotive, and construction. Toda Kogyo is recognized for its innovation in material science, providing solutions that enhance the performance and efficiency of various industrial applications.

How the Company Makes Money

Toda Kogyo Corp. generates revenue through the production and sale of its core products, which include iron oxide pigments used in paints, coatings, and construction materials, and ferrite materials utilized in electronic components and devices. The company also capitalizes on its expertise in developing advanced materials for the electronics industry. Key revenue streams include direct sales to manufacturers and industrial clients, as well as strategic partnerships with companies in sectors that require advanced material solutions. The company's earnings are significantly influenced by its innovation in material technology and its ability to meet the specialized needs of its diverse client base.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	28.38B	31.67B	26.23B	34.93B	35.33B	29.02B
Gross Profit	5.87B	5.58B	5.87B	7.46B	8.00B	4.78B
EBITDA	-3.66B	-1.48B	-1.48B	5.61B	5.02B	-2.41B
Net Income	-5.89B	-3.56B	-3.58B	3.27B	3.12B	-4.14B
Balance Sheet
Total Assets	55.57B	50.67B	53.71B	52.02B	51.29B	41.78B
Cash, Cash Equivalents and Short-Term Investments	8.65B	8.08B	8.16B	8.48B	7.96B	6.63B
Total Debt	29.68B	27.76B	27.32B	25.73B	24.66B	23.20B
Total Liabilities	40.92B	38.89B	39.19B	35.46B	37.33B	32.41B
Stockholders Equity	13.89B	11.13B	13.96B	15.93B	12.52B	8.20B
Cash Flow
Free Cash Flow	0.00	1.04B	-2.11B	-937.00M	149.00M	-413.00M
Operating Cash Flow	0.00	3.96B	-645.00M	833.00M	903.00M	612.00M
Investing Cash Flow	0.00	-2.40B	-1.43B	-375.00M	-1.14B	-1.22B
Financing Cash Flow	0.00	-1.76B	1.18B	187.00M	913.00M	1.42B

Toda Kogyo Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1358.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4100, the sentiment is Positive. The current price of 1358 is above the 20-day moving average (MA) of 1122.45, above the 50-day MA of 1041.44, and above the 200-day MA of 1261.37, indicating a bullish trend. The MACD of 99.48 indicates Negative momentum. The RSI at 80.07 is Negative, neither overbought nor oversold. The STOCH value of 82.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4100.

Toda Kogyo Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4629	78 Outperform	¥7.00B	11.89		2.58%	6.93%	-6.22%
4119	73 Outperform	¥5.09B	1.01		2.98%	42.12%	578.59%
4624	73 Outperform	¥5.02B	11.56		1.50%	2.02%	5.55%
Sector *	70 Neutral	¥174.11B	11.04	6.29%	3.52%	3.95%	5.88%
4623	66 Neutral	¥6.44B	8.92		3.53%	0.26%	82.94%
4100	55 Neutral	¥7.98B	―		―	20.71%	0.54%
4615	44 Neutral	¥4.42B	20.50		―	9.52%	88.23%

Toda Kogyo Corp. Corporate Events

Toda Kogyo Corp. Reports Increased Sales but Continued Losses in FY2025

Toda Kogyo Corp. reported consolidated financial results for the year ending March 31, 2025, showing a significant increase in net sales by 20.7% to ¥31,667 million. However, the company faced operating and ordinary losses, with a profit attributable to owners of the parent at a loss of ¥3,563 million. The financial position weakened with a decrease in total assets and net assets, and no dividends were declared for the fiscal year. The forecast for the next fiscal year anticipates a decline in net sales and a slight recovery in profitability, indicating challenges in market conditions and operational efficiency.