TOTO (5332) AI Stock Analysis

• Market Cap: $659.60B
• Dividend Yield: 2.58%
• Average Volume (3M): 869.60K
• Price to Earnings (P/E): 67.6
• Beta (1Y): 0.58
• Revenue Growth: 2.18%
• EPS Growth: -75.73%
• Country: JP
• Employees: 33,386
• Sector: Industrials
• Sector Strength: 86
• Industry: Construction
• EPS (TTM): 37.32
• Shares Outstanding: 176,981,300
• 10 Day Avg. Volume: 696,390
• 30 Day Avg. Volume: 869,596
• PEG Ratio: -0.74
• Price to Book (P/B): 1.29
• 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: $4,244.86
• Price Target Upside: 13.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 66 Neutral
• Price Target: ¥4,261.00 ▲(13.66%Upside)

TOTO's strong financial health and operational efficiency are the primary drivers of its stock score. Positive technical indicators support a favorable market position, though the high P/E ratio suggests valuation concerns. The absence of recent earnings call insights and corporate events limits further analysis.

TOTO Business Overview & Revenue Model

Company Description

Toto Ltd. manufactures and sells bathroom and kitchen plumbing products worldwide. It offers sanitary ware, such as toilet basins, urinals, sinks, washbasins, etc.; system toilets; toilet seats; plumbing accessories, etc.; bathtubs; unit bathrooms; and fittings consisting of various faucets, drain fittings, etc. The company also provides modular kitchens; bathroom vanity units; marbright artificial marble counters; bathroom ventilation, heating, and drying systems; and welfare equipment, etc. In addition, it offers green building materials, such as tiles, ceramic slabs, etc.; and ceramics consisting of air bearings, electrostatic chucks, bonding capillaries, and receptacles for the semiconductor, FPD manufacturing, and optical communication industries, as well as optical components. The company was formerly known as TOTO Kiki Ltd. and changed its name to Toto Ltd. in 2007. Toto Ltd. was founded in 1917 and is headquartered in Kitakyushu, Japan.

How the Company Makes Money

TOTO makes money primarily through the design, production, and sale of bathroom products and plumbing fixtures, including toilets, bidets, faucets, and related accessories. The company's revenue streams are diversified across residential, commercial, and public sectors, with a significant portion of its earnings generated from its innovative products like the Washlet. TOTO also benefits from its global presence, with sales in various international markets contributing to its revenue. Significant partnerships with construction companies, real estate developers, and retail distributors enhance its market reach and sales. Additionally, TOTO invests in research and development to continuously innovate and maintain its competitive edge, which in turn drives sales and profitability.

TOTO Financial Statement Overview

Summary

TOTO demonstrates solid financial performance with consistent revenue growth and strong operational margins. The balance sheet is stable with a good equity base and manageable debt levels. While cash flow generation is strong, there is a need to address the declining net income and its impact on profitability metrics. Overall, TOTO is in a good financial position but should focus on improving profitability and maintaining cash flow efficiency.

Income Statement

TOTO's income statement shows a steady revenue growth with a significant increase from 2024 to 2025. The gross profit margin remains healthy, indicating effective cost management. However, the net profit margin declined due to a substantial drop in net income, potentially indicating increased expenses or other financial pressures. EBIT and EBITDA margins remain solid, demonstrating operational efficiency.

Balance Sheet

The balance sheet reflects a strong equity position with a high equity ratio, showcasing financial stability. The debt-to-equity ratio is manageable, although there is a slight increase in total debt. Return on equity shows a decline, aligning with the decrease in net income. Overall, the company maintains a robust financial structure with ample assets to cover liabilities.

Cash Flow

Operating cash flow remains strong, indicating good cash generation from operations. The free cash flow has improved significantly year-over-year, reflecting better capital expenditure management. However, the free cash flow to net income ratio indicates potential challenges in converting profits into cash flow, which requires monitoring.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	724.45B	702.28B	701.19B	645.27B	580.93B
Gross Profit	254.07B	239.00B	242.97B	236.89B	212.50B
EBITDA	59.67B	88.58B	80.53B	79.12B	66.58B
Net Income	12.17B	37.20B	38.94B	40.13B	26.98B
Balance Sheet
Total Assets	813.92B	790.25B	731.64B	641.02B	647.63B
Cash, Cash Equivalents and Short-Term Investments	122.75B	103.55B	98.12B	90.54B	143.33B
Total Debt	67.87B	67.89B	67.92B	38.04B	97.96B
Total Liabilities	283.52B	279.70B	270.55B	227.66B	273.93B
Stockholders Equity	522.28B	502.72B	453.80B	405.73B	367.03B
Cash Flow
Free Cash Flow	26.83B	18.17B	-4.75B	14.26B	15.82B
Operating Cash Flow	71.38B	76.31B	31.58B	49.36B	59.55B
Investing Cash Flow	-38.38B	-53.79B	-35.27B	-31.89B	-42.62B
Financing Cash Flow	-19.01B	-18.95B	8.78B	-75.77B	22.70B

TOTO Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3749.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5332, the sentiment is Negative. The current price of 3749 is below the 20-day moving average (MA) of 3816.25, above the 50-day MA of 3718.42, and below the 200-day MA of 3888.52, indicating a neutral trend. The MACD of 43.18 indicates Positive momentum. The RSI at 47.11 is Neutral, neither overbought nor oversold. The STOCH value of 56.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5332.

TOTO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5332	66 Neutral	$659.60B	67.62	2.03%	2.58%	2.18%	-75.73%
Sector *	65 Neutral	$10.84B	16.29	5.52%	2.09%	3.14%	-29.96%
JSGCF	―	$3.34B	75.54	1.08%	2.97%	―	―
NRTZF	―	$557.23M	16.04	4.31%	0.19%	―	―
SNWAF	―	$5.84B	17.95	19.96%	4.78%	―	―
7VK	―	€1.00B	13.01	12.17%	2.77%	―	―
7943	62 Neutral	¥115.88B	61.65		3.61%	1.05%	-76.91%

TOTO Corporate Events

TOTO LTD. Announces Share Buyback Progress

TOTO LTD. announced the acquisition of 1,954,000 of its own shares for a total of 7,455,897,500 yen during July 2025. This move is part of a broader strategy approved by the Board of Directors to acquire up to 8,000,000 shares by the end of December 2025, aiming to optimize the company’s capital structure and potentially enhance shareholder value.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4400.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO LTD. Reports First Quarter Results and Strategic Growth Initiatives

TOTO LTD. has announced its first quarter results for the fiscal year ending March 2026, highlighting its strategic focus on leveraging its expertise in the sanitary ware business to develop new ceramic products for semiconductor and flat panel display manufacturing equipment. This move is part of TOTO’s growth strategy, positioning itself as a key player in the international housing equipment market, and aiming to become indispensable in regions like the Americas and Asia. The announcement underscores TOTO’s commitment to innovation and market expansion, which could have significant implications for its operations and stakeholders.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4400.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO Corporation Reports Mixed Financial Results for Q1 2025

TOTO Corporation reported its consolidated financial results for the three months ending June 30, 2025, showing a slight increase in net sales by 0.8% compared to the previous year. However, the company experienced a decline in operating profit by 16.3% and ordinary profit by 39.2%, indicating challenges in maintaining profitability. The financial outlook for the fiscal year ending March 31, 2026, projects a 4.0% increase in net sales with a modest rise in operating profit, suggesting cautious optimism for future performance.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4400.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO LTD. Announces Acquisition of Own Shares to Enhance Shareholder Value

TOTO LTD. has announced the acquisition of 644,000 of its own common shares, amounting to 2,342,636,400 yen, from June 1 to June 30, 2025. This move is part of a broader plan approved by the Board of Directors to acquire up to 8,000,000 shares, reflecting 4.7% of the total issued shares, with a budget of up to 20 billion yen. The acquisition aims to enhance shareholder value and optimize capital structure, potentially impacting market perception and investor relations.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4500.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO LTD. Announces Disposal of Treasury Shares for Director Compensation

TOTO LTD. has announced a disposal of 21,900 treasury shares as part of a restricted share compensation plan for its eligible directors. This move aims to align directors’ interests with shareholders and incentivize long-term value creation, with a transfer restriction period set at 30 years to ensure sustained corporate growth.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4500.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO Ltd. Announces Share Repurchase Plan

TOTO Ltd. has announced a strategic move to repurchase up to 2,000,000 of its own shares through the ToSTNeT-3 trading system on the Tokyo Stock Exchange. This decision is part of a broader plan approved by the Board of Directors to acquire up to 8,000,000 shares by the end of 2025, reflecting the company’s commitment to enhancing shareholder value and optimizing its capital structure.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4500.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO LTD. Announces Structural Reform and Extraordinary Losses in China

TOTO LTD. announced the recording of extraordinary losses due to a structural reform of its Mainland China Business, which involves closing and liquidating two manufacturing bases to improve productivity and eco-friendliness. This reform is expected to result in a ¥15.0 billion extraordinary loss for the fiscal year ending March 31, 2026, but aims to improve profits by ¥7.0 billion for the fiscal year ending March 31, 2027. The company is committed to revitalizing its Mainland China operations and contributing to a sustainable society.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4500.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.