Tokyo Steel Manufacturing Co Ltd (JP:5423)
:5423
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Tokyo Steel Manufacturing Co
(5423)
Select Model
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Rating:73Outperform
Price Target:
¥1,723.00
▲(5.13% Upside)
Action:ReiteratedDate:05/16/25
Tokyo Steel Manufacturing Co maintains a stable financial foundation with strong profitability and low leverage. However, challenges in revenue growth and diminished cash flow pose risks. While technical indicators show mixed signals with a slight bearish trend, the company is attractively valued, offering a solid dividend yield and low P/E ratio, which enhances its investment appeal.
Positive Factors
Low leverage / strong balance sheet
The company reports a robust equity ratio and low debt-to-equity, indicating low financial risk and durable capital strength. This balance-sheet flexibility supports funding for capex, maintains dividend capacity, and provides a buffer through steel-cycle downturns without forced deleveraging.
Negative Factors
Declining revenue and earnings
Material declines in revenue (-20.7%) and EPS (-36.5%) point to weakening demand or pricing power. Persistent top-line erosion reduces scale economics, pressures margins, and makes sustained investment or margin recovery harder without a reversal in construction/industrial demand or pricing conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
The company reports a robust equity ratio and low debt-to-equity, indicating low financial risk and durable capital strength. This balance-sheet flexibility supports funding for capex, maintains dividend capacity, and provides a buffer through steel-cycle downturns without forced deleveraging.
Read all positive factors
Tokyo Steel Manufacturing Co (5423) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥173.64B
Dividend Yield3.42%
Average Volume (3M)481.92K
Price to Earnings (P/E)7.8
Beta (1Y)0.25
Revenue Growth-18.72%
EPS Growth-25.26%
CountryJP
Employees1,103
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)47.07
Shares Outstanding110,064,250
10 Day Avg. Volume492,540
30 Day Avg. Volume481,920
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)0.81
Price to Sales (P/S)0.52
P/FCF Ratio-61.35
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)84.92
Revenue Forecast (FY)¥270.51B
Tokyo Steel Manufacturing Co Business Overview & Revenue Model
Company Description
Tokyo Steel Manufacturing Co., Ltd. manufactures and sells various steel products in Japan. The company offers various long products, such as H beams, U-shaped steel-sheet piles, I-beams, checkered H-beams, channels, and deformed bars for use in v...
How the Company Makes Money
Tokyo Steel Manufacturing Co., Ltd. generates revenue primarily through the sale of its steel products. The company's revenue model relies on manufacturing and distributing a variety of steel products such as H-beams, I-beams, steel sheets, and bi...
Tokyo Steel Manufacturing Co Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 306.69B | 326.77B | 367.24B | 361.25B | 270.88B | 141.45B |
| Gross Profit | 52.45B | 57.77B | 65.09B | 62.68B | 50.00B | 19.64B |
| EBITDA | 32.36B | 36.90B | 43.97B | 43.07B | 36.30B | 9.53B |
| Net Income | 18.37B | 21.20B | 27.96B | 30.85B | 31.94B | 5.89B |
Balance Sheet | ||||||
| Total Assets | 296.28B | 293.96B | 312.13B | 273.87B | 243.65B | 188.38B |
| Cash, Cash Equivalents and Short-Term Investments | 90.44B | 96.11B | 112.22B | 85.07B | 68.64B | 58.33B |
| Total Debt | 11.10B | 39.00M | 0.00 | 396.00M | 1.26B | 2.19B |
| Total Liabilities | 86.78B | 84.04B | 108.22B | 94.61B | 85.36B | 57.48B |
| Stockholders Equity | 209.50B | 209.92B | 203.91B | 179.25B | 158.28B | 130.90B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.77B | 36.66B | 30.59B | 17.12B | 167.00M |
| Operating Cash Flow | 0.00 | 19.59B | 53.38B | 39.77B | 26.91B | 7.58B |
| Investing Cash Flow | 0.00 | -21.88B | -18.20B | -11.90B | -9.68B | -8.95B |
| Financing Cash Flow | 0.00 | -13.77B | -8.14B | -11.70B | -7.48B | -7.22B |
Tokyo Steel Manufacturing Co Technical Analysis
Positive
1639.00
Price Trends
1586.44
Positive
1512.58
Positive
1519.49
Positive
Market Momentum
6.84
Positive
49.29
Neutral
29.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5423, the sentiment is Positive. The current price of 1639 is above the 20-day moving average (MA) of 1598.95, above the 50-day MA of 1586.44, and above the 200-day MA of 1519.49, indicating a neutral trend. The MACD of 6.84 indicates Positive momentum. The RSI at 49.29 is Neutral, neither overbought nor oversold. The STOCH value of 29.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5423.
Tokyo Steel Manufacturing Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥763.23B | 9.48 | 10.78% | 4.68% | -1.97% | 47.63% | |
74 Outperform | ¥338.77B | 12.83 | ― | 3.26% | -7.77% | 58.84% | |
74 Outperform | ¥401.47B | 9.05 | 6.16% | 2.99% | -0.02% | -40.45% | |
74 Outperform | ¥234.99B | 14.50 | 6.87% | 5.25% | -1.43% | 171.44% | |
73 Outperform | ¥173.64B | 7.83 | 7.36% | 3.42% | -18.72% | -25.26% | |
64 Neutral | ¥1.12T | 9.28 | 2.09% | 4.59% | -8.07% | -41.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:5423
Tokyo Steel Manufacturing Co
1,590.00
-34.69
-2.14%
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0.97%
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206.33
11.64%
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32.10%
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Tokyo Steel Manufacturing Co Corporate Events
Tokyo Steel Reshapes Board and Organization Ahead of June Shareholders’ Meeting
Mar 18, 2026
Tokyo Steel Manufacturing has announced a series of leadership changes, appointing Executive Officer Soichiro Tsuda and Executive Officer Gaku Ito as directors, effective following the annual shareholders’ meeting on June 24, 2026. At the sa...
Tokyo Steel Profit Plunges as Sales Slide, But Dividend and Balance Sheet Stay Firm
Jan 23, 2026
Tokyo Steel reported a sharp deterioration in non-consolidated results for the nine months ended 31 December 2025, with net sales down 20.8% year-on-year to ¥201.8 billion and operating profit dropping 65.2% to ¥8.2 billion, while ordina...
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.