TOTO Ltd (JP:5332)
:5332
Top Page
TOTO
(5332)
Select Model
Select Model
Rating:67Neutral
Price Target:
¥6,405.00
▲(8.50% Upside)
Action:ReiteratedDate:01/23/26
The score is primarily supported by solid financial performance (revenue growth, healthy operating margins, and a strong balance sheet). Technicals are bullish but appear overextended, which adds near-term risk. The biggest constraint is valuation, as the very high P/E meaningfully drags the overall score despite a modest dividend yield.
Positive Factors
Balance sheet strength
A high equity ratio and manageable leverage provide durable financial flexibility, lowering refinancing and solvency risk. This balance-sheet strength supports sustained capex, product development and dividend capacity across economic cycles, enabling strategic investment without heavy reliance on external funding.
Negative Factors
Sharp EPS decline
An almost 90% drop in EPS signals a material hit to underlying earnings power that may stem from one-off losses, margin pressure, or weak core profitability. If the drivers persist, this curtails the company's ability to invest, sustain dividends, and improve returns, posing medium-term earnings risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A high equity ratio and manageable leverage provide durable financial flexibility, lowering refinancing and solvency risk. This balance-sheet strength supports sustained capex, product development and dividend capacity across economic cycles, enabling strategic investment without heavy reliance on external funding.
Read all positive factors
TOTO (5332) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥937.97B
Dividend Yield2.36%
Average Volume (3M)683.91K
Price to Earnings (P/E)9.0
Beta (1Y)0.68
Revenue Growth-0.03%
EPS Growth-89.02%
CountryJP
Employees33,386
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)119.18
Shares Outstanding166,358,400
10 Day Avg. Volume690,950
30 Day Avg. Volume683,906
Financial Highlights & Ratios
PEG Ratio-0.81
Price to Book (P/B)1.26
Price to Sales (P/S)0.91
P/FCF Ratio24.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥6,158.75Price Target Upside4.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)196.18
Revenue Forecast (FY)¥736.41B
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...
How the Company Makes Money
TOTO makes money primarily by selling manufactured products to the housing and construction value chain. Its key revenue stream is the sale of sanitary ware and bathroom-related products—such as toilets, Washlet bidet toilet seats, bathroom unit s...
TOTO Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 725.69B | 724.45B | 702.28B | 701.19B | 645.27B | 580.93B |
| Gross Profit | 253.68B | 254.07B | 239.00B | 242.97B | 236.89B | 212.50B |
| EBITDA | 54.20B | 59.67B | 88.58B | 91.46B | 84.92B | 64.46B |
| Net Income | 9.73B | 12.17B | 37.20B | 38.94B | 40.13B | 27.20B |
Balance Sheet | ||||||
| Total Assets | 770.44B | 813.92B | 790.25B | 731.64B | 641.02B | 646.01B |
| Cash, Cash Equivalents and Short-Term Investments | 92.59B | 122.75B | 103.55B | 98.12B | 90.54B | 143.33B |
| Total Debt | 24.65B | 75.03B | 72.09B | 73.09B | 39.84B | 99.77B |
| Total Liabilities | 262.40B | 283.52B | 279.70B | 270.54B | 227.65B | 272.84B |
| Stockholders Equity | 500.41B | 522.28B | 502.72B | 453.80B | 405.74B | 366.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 26.83B | 25.18B | 3.83B | 19.23B | 20.81B |
| Operating Cash Flow | 0.00 | 71.38B | 76.31B | 31.58B | 49.36B | 59.55B |
| Investing Cash Flow | 0.00 | -38.38B | -53.79B | -35.27B | -31.89B | -42.62B |
| Financing Cash Flow | 0.00 | -19.01B | -18.95B | 8.78B | -75.77B | 22.70B |
TOTO Technical Analysis
Neutral
5903.00
Price Trends
5563.26
Positive
4852.19
Positive
4334.80
Positive
Market Momentum
10.62
Positive
48.57
Neutral
25.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5332, the sentiment is Neutral. The current price of 5903 is above the 20-day moving average (MA) of 5810.65, above the 50-day MA of 5563.26, and above the 200-day MA of 4334.80, indicating a neutral trend. The MACD of 10.62 indicates Positive momentum. The RSI at 48.57 is Neutral, neither overbought nor oversold. The STOCH value of 25.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5332.
TOTO Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥38.14B | 7.75 | ― | 3.59% | 6.91% | 13.17% | |
67 Neutral | ¥937.97B | 9.02 | 0.85% | 2.36% | -0.03% | -89.02% | |
67 Neutral | ¥103.27B | 8.48 | 2.57% | 3.57% | 2.69% | 1.74% | |
66 Neutral | ¥5.78T | 42.68 | 9.46% | 1.52% | 1.60% | 5.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | ¥20.45B | 5.49 | ― | 4.35% | -4.00% | -386.52% | |
52 Neutral | ¥485.24B | 16.11 | 1.44% | 4.80% | 0.68% | ― |
* Industrials Sector Average
JP:5332
TOTO
5,903.00
1,952.78
49.43%
JP:6367
Daikin
19,765.00
2,886.53
17.10%
JP:5938
LIXIL Group
1,688.00
-32.79
-1.91%
JP:5943
Noritz
2,360.00
605.34
34.50%
JP:7820
Nihon Flush Co., Ltd.
816.00
25.25
3.19%
JP:7971
Toli Corporation
700.00
254.48
57.12%
TOTO Corporate Events
TOTO Revamps Board and Management to Speed Decisions Amid Market Shifts
Feb 25, 2026
TOTO has outlined a new board composition and management structure to be submitted to shareholders in June 2026, shifting greater authority to executive officers to speed up decision-making and business execution. The company will increase the pro...
TOTO Revamps Executive Lineup to Drive WILL2030 Transformation
Feb 25, 2026
TOTO Ltd. announced a comprehensive overhaul of its management and executive structure effective April 1, 2026, aligning its leadership roles with the “TOTO WILL2030” strategy that targets new value creation in lifestyles, society, and...
TOTO Leverages Core Remodeling Business While Expanding into Advanced Ceramics for Semiconductors
Jan 30, 2026
TOTO reported that its core housing equipment business, built over more than a century and led by its remodeling-focused sanitary ware and WASHLET lines, remains the main driver of profitability and global growth, particularly in the Americas and ...
TOTO Posts Slight Sales Growth but Lower Nine-Month Profit, Keeps Dividend and Full-Year Outlook Intact
Jan 30, 2026
TOTO reported consolidated net sales of ¥547.1 billion for the nine months ended December 31, 2025, a modest 0.9% year-on-year increase, while operating profit slipped 2.6% to ¥40.4 billion and profit attributable to owners of parent fel...
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.