Toho Chemical Industry Company, Limited (JP:4409)
:4409
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Toho Chemical Industry Company, Limited
(4409)
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Rating:55Neutral
Price Target:
¥737.00
▼(-0.94% Downside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by mixed financial performance: improving revenue and margins are outweighed by weak/volatile free cash flow and still-elevated leverage. Technical indicators are bearish with the stock below key moving averages and negative momentum. Valuation helps offset these risks with a low P/E and a ~3% dividend yield.
Positive Factors
Revenue rebound & improving margins
A strong FY2026 revenue rebound (+26% YoY) with gross margin uptick to ~16% signals recovering demand and pricing power. Sustainably higher top-line and margin mix can underpin steady cash generation and R&D/capex plans over the coming months if the improvement holds.
Negative Factors
Weak and volatile free cash flow
Free cash flow is effectively breakeven in FY2026 and has swung sharply in prior years, indicating inconsistent conversion of profits into distributable cash. This undermines ability to sustainably pay dividends, reduce debt, or fund growth without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & improving margins
A strong FY2026 revenue rebound (+26% YoY) with gross margin uptick to ~16% signals recovering demand and pricing power. Sustainably higher top-line and margin mix can underpin steady cash generation and R&D/capex plans over the coming months if the improvement holds.
Read all positive factors
Toho Chemical Industry Company, Limited (4409) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥15.38B
Dividend Yield2.78%
Average Volume (3M)5.01K
Price to Earnings (P/E)10.5
Beta (1Y)0.25
Revenue Growth0.02%
EPS Growth-1.04%
CountryJP
Employees868
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)65.39
Shares Outstanding21,350,000
10 Day Avg. Volume3,890
30 Day Avg. Volume5,010
Financial Highlights & Ratios
PEG Ratio-10.11
Price to Book (P/B)0.66
Price to Sales (P/S)0.30
P/FCF Ratio1.78K
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 Chemical Industry Company, Limited Business Overview & Revenue Model
Company Description
Toho Chemical Industry Company, Limited manufactures and sells surfactants, specialty chemicals, resins, and industrial chemicals in Japan and internationally. It provides chemicals for daily consumable industries, such as cosmetics and toiletry, ...
How the Company Makes Money
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Toho Chemical Industry Company, Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.48B | 53.63B | 53.61B | 50.60B | 55.36B | 49.89B |
| Gross Profit | 8.36B | 8.59B | 8.18B | 6.84B | 7.29B | 7.23B |
| EBITDA | 5.33B | 4.89B | 5.20B | 4.00B | 4.50B | 3.87B |
| Net Income | 1.38B | 1.53B | 1.54B | 546.00M | 977.00M | 1.40B |
Balance Sheet | ||||||
| Total Assets | 67.69B | 70.82B | 67.86B | 69.94B | 67.95B | 66.49B |
| Cash, Cash Equivalents and Short-Term Investments | 5.45B | 5.34B | 5.90B | 6.75B | 6.08B | 7.50B |
| Total Debt | 27.84B | 28.58B | 28.58B | 30.26B | 29.94B | 28.18B |
| Total Liabilities | 47.07B | 46.70B | 46.78B | 50.77B | 50.18B | 49.58B |
| Stockholders Equity | 20.54B | 24.03B | 20.99B | 19.08B | 17.69B | 16.82B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 9.00M | 450.00M | 1.40B | -3.15B | -5.03B |
| Operating Cash Flow | 0.00 | 4.40B | 3.30B | 3.40B | 1.70B | -572.00M |
| Investing Cash Flow | 0.00 | -4.60B | -2.55B | -1.93B | -4.59B | -4.50B |
| Financing Cash Flow | 0.00 | -421.00M | -1.86B | -900.00M | 1.42B | 3.11B |
Toho Chemical Industry Company, Limited Technical Analysis
Negative
744.00
Price Trends
749.41
Negative
740.28
Negative
747.65
Negative
Market Momentum
-8.19
Positive
40.21
Neutral
5.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4409, the sentiment is Negative. The current price of 744 is above the 20-day moving average (MA) of 734.95, below the 50-day MA of 749.41, and below the 200-day MA of 747.65, indicating a bearish trend. The MACD of -8.19 indicates Positive momentum. The RSI at 40.21 is Neutral, neither overbought nor oversold. The STOCH value of 5.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4409.
Toho Chemical Industry Company, Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥32.13B | 8.51 | ― | 3.84% | 3.45% | 14.22% | |
68 Neutral | ¥10.50B | 8.65 | ― | 3.23% | 10.90% | 3.72% | |
64 Neutral | ¥27.00B | 11.36 | ― | 4.27% | 2.37% | -16.75% | |
62 Neutral | ¥23.93B | 10.21 | ― | 4.62% | 2.73% | 206.70% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ¥15.38B | 10.47 | ― | 2.78% | 0.02% | -1.04% | |
53 Neutral | ¥7.20B | 12.53 | ― | 1.35% | -1.83% | 14.37% |
* Basic Materials Sector Average
JP:4409
Toho Chemical Industry Company, Limited
725.00
26.87
3.85%
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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.