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:69Neutral
Price Target:
¥1,353.00
▼(-5.71% Downside)
Action:Downgraded
Date:05/15/26
The score is driven primarily by improving financial performance (better margins and a stronger balance sheet) and attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals, with the stock in a clear downtrend despite oversold readings, and by relatively thin/volatile free cash flow.
Positive Factors
Recurring consumables business
The company sells inks and related materials that are consumed and repurchased regularly, supplemented by technical support services. This creates recurring B2B demand and higher customer stickiness, supporting predictable revenue streams and long-term margin stability versus one‑off sales.
Negative Factors
Thin and volatile free cash flow
Profits are not consistently converting into surplus cash, with free cash flow low relative to earnings and volatile year to year. This undermines durable funding for dividends, buybacks or unexpected investments and increases dependence on operating performance or external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables business
The company sells inks and related materials that are consumed and repurchased regularly, supplemented by technical support services. This creates recurring B2B demand and higher customer stickiness, supporting predictable revenue streams and long-term margin stability versus one‑off sales.
Read all positive factors
Tokyo Printing Ink Manufacturing Co., Ltd. (4635) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥16.37B
Dividend Yield3.61%
Average Volume (3M)10.51K
Price to Earnings (P/E)9.2
Beta (1Y)0.99
Revenue Growth6.67%
EPS Growth66.03%
CountryJP
Employees684
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)111.64
Shares Outstanding13,628,790
10 Day Avg. Volume8,100
30 Day Avg. Volume10,506
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.54
Price to Sales (P/S)0.35
P/FCF Ratio39.97
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
74
Positive
Balance Sheet
81
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.84B | 49.93B | 46.81B | 43.92B | 43.41B | 41.40B |
| Gross Profit | 7.25B | 8.00B | 6.85B | 6.23B | 5.55B | 6.44B |
| EBITDA | 3.24B | 3.85B | 2.79B | 2.10B | 1.48B | 2.17B |
| Net Income | 1.47B | 1.87B | 1.18B | 881.00M | 1.65B | 725.00M |
Balance Sheet | ||||||
| Total Assets | 51.17B | 53.42B | 50.83B | 52.47B | 47.80B | 47.31B |
| Cash, Cash Equivalents and Short-Term Investments | 3.42B | 4.23B | 3.70B | 3.74B | 3.38B | 3.62B |
| Total Debt | 7.28B | 6.21B | 6.92B | 7.53B | 7.55B | 9.19B |
| Total Liabilities | 21.26B | 21.48B | 21.00B | 23.06B | 20.53B | 21.62B |
| Stockholders Equity | 29.70B | 31.72B | 29.63B | 29.21B | 27.09B | 25.54B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 431.00M | 337.00M | 753.00M | 1.55B | 300.00M |
| Operating Cash Flow | 0.00 | 2.38B | 2.28B | 2.01B | 2.77B | 1.85B |
| Investing Cash Flow | 0.00 | 98.00M | -1.18B | -1.31B | -1.21B | -1.47B |
| Financing Cash Flow | 0.00 | -1.97B | -1.25B | -398.00M | -2.01B | 39.00M |
Tokyo Printing Ink Manufacturing Co., Ltd. Technical Analysis
Negative
1435.00
Price Trends
1376.04
Negative
1461.34
Negative
1373.10
Negative
Market Momentum
-45.46
Positive
36.35
Neutral
22.24
Neutral
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 1282.50, above the 50-day MA of 1376.04, and above the 200-day MA of 1373.10, indicating a bearish trend. The MACD of -45.46 indicates Positive momentum. The RSI at 36.35 is Neutral, neither overbought nor oversold. The STOCH value of 22.24 is Neutral, 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 | ¥111.87B | 8.38 | ― | 3.72% | 4.49% | 27.96% | |
73 Outperform | ¥75.50B | 9.11 | ― | 3.04% | -0.37% | -20.95% | |
69 Neutral | ¥16.37B | 9.23 | ― | 3.61% | 6.67% | 66.03% | |
69 Neutral | ¥555.50B | 21.11 | ― | 3.26% | 15.83% | 124.18% | |
64 Neutral | ¥421.88B | 4.51 | 8.14% | 2.61% | -0.45% | 50.53% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | ¥34.62B | 20.68 | ― | 3.70% | 29.30% | -82.16% |
* Basic Materials Sector Average
JP:4635
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Tokyo Printing Ink Manufacturing Co., Ltd. Corporate Events
Tokyo Printing Ink Posts Profit Surge but Guides for Softer FY2027
May 13, 2026
Tokyo Printing Ink Manufacturing reported consolidated net sales of ¥49.93 billion for the fiscal year ended March 31, 2026, up 6.7% year on year, with operating profit surging 69.4% to ¥2.22 billion and ordinary profit jumping 247.6% as...
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.