Tokyo Printing Ink Manufacturing Co., Ltd. (4635) AI Stock Analysis

• Market Cap: ¥16.08B
• Dividend Yield: 3.24%
• Average Volume (3M): 8.13K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.77
• Revenue Growth: 8.19%
• EPS Growth: 97.44%
• Country: JP
• Employees: 684
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Chemicals - Specialty
• EPS (TTM): 175.25
• Shares Outstanding: 2,725,758
• 10 Day Avg. Volume: 15,180
• 30 Day Avg. Volume: 8,126
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥5,238.00
• Price Target Upside: -14.41% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 80 Outperform
• Price Target: ¥5,238.00 ▼(-14.41% Downside)

The stock of Tokyo Printing Ink Manufacturing Co., Ltd. scores highly due to strong technical indicators and attractive valuation metrics, including a low P/E ratio and high dividend yield. Financial performance also supports the score, though cash flow concerns and overbought technical signals warrant cautious optimism.

Tokyo Printing Ink Manufacturing Co., Ltd. Business Overview & Revenue Model

Company Description

Tokyo Printing Ink Manufacturing Co., Ltd. (4635) is a Japan-based company that specializes in the production and sale of printing inks, pigments, and related chemical products. The company operates in various sectors including packaging, publishing, and industrial printing, providing a wide range of high-quality ink solutions designed to meet the diverse needs of its clients. The company is known for its innovation and commitment to sustainability, offering environmentally friendly products that cater to the global demand for eco-conscious printing solutions.

How the Company Makes Money

Tokyo Printing Ink Manufacturing Co., Ltd. generates revenue primarily through the sale of printing inks and pigments. The company's key revenue streams include supplying inks for packaging, which is a significant market due to the continuous demand for packaged goods globally. Additionally, the company earns from the publishing sector by providing inks for newspapers, magazines, and books. Industrial printing also constitutes a substantial part of their revenue as they supply inks used in various manufacturing processes. The company's partnerships with major printing and packaging companies enhance its market reach and contribute significantly to its earnings. Furthermore, its focus on developing innovative and sustainable products allows it to capture a growing segment of eco-conscious customers, thereby supporting its revenue growth.

Tokyo Printing Ink Manufacturing Co., Ltd. Financial Statement Overview

Summary

The company exhibits a positive financial trajectory with improving revenue and profitability margins. While the balance sheet is robust with low leverage, cash flow management needs attention to ensure long-term liquidity stability. Enhancing operational efficiencies and cash flow generation remains key.

Income Statement

The income statement indicates a strong recovery trajectory with a notable revenue growth rate of 6.57% from 2024 to 2025 and a net profit margin improving to 2.52% in 2025. Gross profit margin remains healthy at 14.63%, reflecting effective cost management. However, the EBIT margin is modest at 2.82%, suggesting room for operational efficiency improvements. Overall, profitability is improving with EBITDA margin at 6.63%.

Balance Sheet

The balance sheet is stable, with a low debt-to-equity ratio of 0.23, indicating conservative leverage. Return on equity rose to 3.98% in 2025, marking improved shareholder value creation. The equity ratio stands at 58.30%, reflecting a solid equity base. However, the modest ROE suggests potential to enhance profitability.

Cash Flow

The cash flow statement shows a positive operating cash flow to net income ratio of 1.93, indicating efficient cash generation. However, free cash flow has decreased significantly, with a negative free cash flow to net income ratio of 0.29, signaling potential liquidity challenges. Free cash flow growth rate remains volatile, warranting a focus on sustaining positive cash flows.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	46.81B	43.92B	43.41B	41.40B	38.16B
Gross Profit	6.85B	6.49B	5.86B	6.75B	6.20B
EBITDA	3.10B	2.50B	1.48B	2.17B	1.60B
Net Income	1.18B	881.00M	1.65B	725.00M	600.00M
Balance Sheet
Total Assets	50.83B	52.47B	47.80B	47.31B	45.78B
Cash, Cash Equivalents and Short-Term Investments	3.70B	3.74B	3.38B	3.62B	3.16B
Total Debt	6.92B	7.53B	7.55B	9.19B	8.89B
Total Liabilities	21.00B	23.07B	20.53B	21.62B	20.57B
Stockholders Equity	29.63B	29.20B	27.09B	25.54B	25.06B
Cash Flow
Free Cash Flow	337.00M	408.00M	-2.16B	-190.00M	51.00M
Operating Cash Flow	2.28B	1.99B	-893.00M	1.43B	1.94B
Investing Cash Flow	-1.18B	-1.28B	2.46B	-1.04B	-1.67B
Financing Cash Flow	-1.25B	-398.00M	-2.01B	39.00M	1.32B

Tokyo Printing Ink Manufacturing Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6120.00
• 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:4635, the sentiment is Positive. The current price of 6120 is above the 20-day moving average (MA) of 4817.00, above the 50-day MA of 4407.70, and above the 200-day MA of 3730.63, indicating a bullish trend. The MACD of 434.98 indicates Negative momentum. The RSI at 91.16 is Negative, neither overbought nor oversold. The STOCH value of 86.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4635.

Tokyo Printing Ink Manufacturing Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4635	80 Outperform	¥16.08B	10.98		3.24%	8.19%	97.44%
4625	78 Outperform	¥3.45B	12.33		2.61%	0.68%	5.33%
4628	77 Outperform	¥139.25B	14.28	5.49%	1.31%	3.44%	-28.70%
4633	74 Outperform	¥113.52B	11.33		3.96%	4.86%	11.72%
Sector *	70 Outperform	¥180.86B	11.30	5.69%	3.08%	2.67%	-11.84%
4620	67 Neutral	¥17.95B	29.19		3.01%	0.78%	-53.36%
4615	46 Neutral	¥4.49B	20.50		―	8.91%	-42.21%

Tokyo Printing Ink Manufacturing Co., Ltd. Corporate Events

Tokyo Printing Ink Reports Strong Financial Growth and Positive Outlook

Tokyo Printing Ink Manufacturing Co., Ltd. reported a significant increase in its financial performance for the three months ended June 30, 2025, with net sales rising by 9.4% and operating profit surging by 273.1% compared to the previous year. The company has revised its earnings forecast for the fiscal year ending March 31, 2026, indicating strong expected growth in net sales and profits, which reflects positively on its market position and potential future performance.