Tokyo Printing Ink Manufacturing Co., Ltd. (JP:4635)
:4635
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Tokyo Printing Ink Manufacturing Co., Ltd.
(4635)
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Rating:71Outperform
Price Target:
¥1,438.00
▲(0.21% Upside)
Action:UpgradedDate:02/10/26
The score is driven primarily by improving financial performance and a strong balance sheet, tempered by weakened free cash flow. Valuation is supportive (low P/E and solid dividend yield), while technicals show strong uptrend but overbought conditions that elevate near-term downside risk.
Positive Factors
Recurring B2B consumables model
The company's core business sells consumable inks and complementary chemicals to printers and packaging converters, creating repeat purchase cycles and stable recurring revenue. Technical support and service add stickiness and switching costs, supporting predictable demand and long‑term customer relationships.
Negative Factors
Weak free cash flow conversion
Despite positive operating cash generation, weak conversion to free cash flow limits the firm's ability to reinvest, pay higher dividends, or reduce debt. Persistent poor FCF conversion may reflect working capital or capex needs and constrains strategic flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring B2B consumables model
The company's core business sells consumable inks and complementary chemicals to printers and packaging converters, creating repeat purchase cycles and stable recurring revenue. Technical support and service add stickiness and switching costs, supporting predictable demand and long‑term customer relationships.
Read all positive factors
Tokyo Printing Ink Manufacturing Co., Ltd. (4635) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.84B
Dividend Yield3.61%
Average Volume (3M)10.51K
Price to Earnings (P/E)4.3
Beta (1Y)1.00
Revenue Growth8.37%
EPS Growth154.72%
CountryJP
Employees684
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)83.64
Shares Outstanding13,628,790
10 Day Avg. Volume8,100
30 Day Avg. Volume10,506
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)0.37
Price to Sales (P/S)0.23
P/FCF Ratio32.46
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
Tokyo Printing Ink Manufacturing Co., Ltd. Business Overview & Revenue Model
Company Description
Tokyo Printing Ink Mfg. Co., Ltd. manufactures and sells specialty chemicals in Japan and internationally. The company operates through four segments: Inks Business, Chemicals Business, Processed Products Business, and Real Estate Leasing Business...
How the Company Makes Money
The company primarily makes money by manufacturing and selling printing inks and related chemical/functional materials to business customers (e.g., printers, packaging converters, and industrial users). Revenue is generated mainly from (1) product...
Tokyo Printing Ink Manufacturing Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.84B | 46.81B | 43.92B | 43.41B | 41.40B | 38.16B |
| Gross Profit | 7.25B | 6.85B | 6.23B | 5.55B | 6.44B | 5.92B |
| EBITDA | 3.24B | 2.79B | 2.10B | 1.48B | 2.17B | 1.60B |
| Net Income | 1.47B | 1.18B | 881.00M | 1.65B | 725.00M | 600.00M |
Balance Sheet | ||||||
| Total Assets | 51.17B | 50.83B | 52.47B | 47.80B | 47.31B | 45.78B |
| Cash, Cash Equivalents and Short-Term Investments | 3.42B | 3.70B | 3.74B | 3.38B | 3.62B | 3.16B |
| Total Debt | 7.28B | 6.92B | 7.53B | 7.55B | 9.19B | 8.89B |
| Total Liabilities | 21.26B | 21.00B | 23.06B | 20.53B | 21.62B | 20.56B |
| Stockholders Equity | 29.70B | 29.63B | 29.21B | 27.09B | 25.54B | 25.06B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 337.00M | 753.00M | 1.55B | 300.00M | 134.00M |
| Operating Cash Flow | 0.00 | 2.28B | 2.01B | 2.77B | 1.85B | 1.94B |
| Investing Cash Flow | 0.00 | -1.18B | -1.31B | -1.21B | -1.47B | -1.67B |
| Financing Cash Flow | 0.00 | -1.25B | -398.00M | -2.01B | 39.00M | 1.32B |
Tokyo Printing Ink Manufacturing Co., Ltd. Technical Analysis
Negative
1435.00
Price Trends
1537.87
Negative
1480.35
Negative
1324.75
Positive
Market Momentum
-44.13
Negative
36.59
Neutral
9.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4635, the sentiment is Negative. The current price of 1435 is above the 20-day moving average (MA) of 1388.13, below the 50-day MA of 1537.87, and above the 200-day MA of 1324.75, indicating a neutral trend. The MACD of -44.13 indicates Negative momentum. The RSI at 36.59 is Neutral, neither overbought nor oversold. The STOCH value of 9.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4635.
Tokyo Printing Ink Manufacturing Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥116.72B | 10.07 | ― | 3.72% | 4.93% | 30.22% | |
76 Outperform | ¥77.09B | 6.04 | ― | 3.04% | -0.11% | -31.90% | |
75 Outperform | ¥557.12B | 20.62 | ― | 3.26% | 15.83% | 124.18% | |
74 Outperform | ¥34.90B | 15.61 | ― | 3.70% | 21.29% | 38.48% | |
71 Outperform | ¥17.84B | 4.28 | ― | 3.61% | 8.37% | 154.72% | |
65 Neutral | ¥339.25B | 10.69 | 8.14% | 2.61% | -1.77% | 51.80% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4635
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Tokyo Printing Ink Manufacturing Co., Ltd. Corporate Events
Tokyo Printing Ink Posts Sharp Profit Surge and Lifts FY2026 Forecasts
Feb 9, 2026
Tokyo Printing Ink Manufacturing Co., Ltd. reported consolidated net sales of ¥37.6 billion for the nine months ended December 31, 2025, up 8.0% year on year, with operating profit more than doubling to ¥1.9 billion and profit attributab...
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.