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Toyo Engineering Corporation
(6330)
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Rating:46Neutral
Price Target:
¥2,053.00
▼(-33.34% Downside)
Action:Reiterated
Date:07/28/26
The score is held down primarily by sharply deteriorating recent financial results (large losses and a steep revenue decline) and inconsistent cash-flow history. Technicals are somewhat supportive short term (trading above key short/mid-term averages) but the longer-term trend remains negative (below the 200-day), while valuation is constrained by loss-driven negative P/E and only a modest dividend yield.
Positive Factors
Integrated EPC business model
Toyo’s end-to-end EPC capability (engineering, procurement, construction, commissioning) creates durable client relationships across multi-year projects. Lifecycle participation increases stickiness, milestone billing supports sustained revenue visibility, and integrated services favor repeat work from capital-intensive industrial clients.
Negative Factors
Sharp revenue decline and losses
A 31% revenue drop and a swing to large losses reflect high earnings cyclicality and weak downside protection. For an EPC firm with modest margins historically, such swings erode resilience, threaten backlog conversion economics, and increase the odds of contract margin pressure or renegotiation during prolonged downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated EPC business model
Toyo’s end-to-end EPC capability (engineering, procurement, construction, commissioning) creates durable client relationships across multi-year projects. Lifecycle participation increases stickiness, milestone billing supports sustained revenue visibility, and integrated services favor repeat work from capital-intensive industrial clients.
Read all positive factors
Toyo Engineering Corporation (6330) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥113.80B
Dividend Yield1.29%
Average Volume (3M)1.77M
Price to Earnings (P/E)―
Beta (1Y)2.28
Revenue Growth-34.22%
EPS Growth-825.18%
CountryJP
Employees4,559
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-244.80
Shares Outstanding58,828,808
10 Day Avg. Volume2,851,550
30 Day Avg. Volume1,771,820
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.39
Price to Sales (P/S)0.57
P/FCF Ratio11.92
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)117.4
Revenue Forecast (FY)¥230.00B
Toyo Engineering Corporation Business Overview & Revenue Model
Company Description
Toyo Engineering Corporation is a global enterprise specializing in the engineering and construction of industrial facilities. With operations spanning Japan, India, Russia, and various international markets, the company provides a comprehensive s...
How the Company Makes Money
Toyo Engineering primarily makes money by executing project-based EPC and related contracts for industrial plants and facilities. Under these contracts, revenue is generated from: (1) Engineering services—front-end and detailed engineering/design,...
Toyo Engineering Corporation Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
50
Neutral
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 182.94B | 278.09B | 260.82B | 192.91B | 202.99B |
| Gross Profit | 6.45B | 25.21B | 27.49B | 23.45B | 20.04B |
| EBITDA | -5.27B | 8.98B | 15.00B | 6.87B | 5.28B |
| Net Income | -14.94B | 2.02B | 9.82B | 1.65B | 1.62B |
Balance Sheet | |||||
| Total Assets | 261.14B | 286.60B | 286.00B | 256.31B | 240.85B |
| Cash, Cash Equivalents and Short-Term Investments | 105.25B | 90.32B | 119.86B | 108.52B | 92.15B |
| Total Debt | 60.82B | 51.91B | 36.28B | 36.59B | 36.68B |
| Total Liabilities | 217.43B | 226.35B | 221.84B | 207.20B | 196.29B |
| Stockholders Equity | 43.51B | 60.01B | 63.94B | 48.92B | 44.39B |
Cash Flow | |||||
| Free Cash Flow | 8.74B | -27.18B | 4.63B | 14.64B | -7.56B |
| Operating Cash Flow | 9.30B | -23.09B | 6.00B | 15.59B | -6.79B |
| Investing Cash Flow | 159.00M | -19.77B | 7.34B | -9.47B | -7.85B |
| Financing Cash Flow | 6.26B | 674.00M | -1.06B | -1.57B | 7.61B |
Toyo Engineering Corporation Technical Analysis
Positive
3080.00
Price Trends
1984.24
Positive
2222.61
Negative
2834.11
Negative
Market Momentum
-4.28
Negative
57.04
Neutral
56.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6330, the sentiment is Positive. The current price of 3080 is above the 20-day moving average (MA) of 1938.95, above the 50-day MA of 1984.24, and above the 200-day MA of 2834.11, indicating a neutral trend. The MACD of -4.28 indicates Negative momentum. The RSI at 57.04 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 Positive sentiment for JP:6330.
Toyo Engineering Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥272.79B | 14.35 | 7.85% | 2.72% | 5.94% | -10.93% | |
71 Outperform | ¥536.73B | 13.06 | 10.15% | 2.34% | -13.15% | ― | |
69 Neutral | ¥170.66B | 2.04 | 114.61% | ― | 8.09% | 213.68% | |
66 Neutral | ¥1.10T | 16.98 | 16.33% | 2.00% | 3.66% | 35.60% | |
65 Neutral | ¥601.55B | 14.74 | ― | 2.15% | 1.48% | 41.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | ¥113.80B | -7.93 | -30.80% | 0.96% | -34.22% | -825.18% |
* Industrials Sector Average
JP:6330
Toyo Engineering Corporation
2,018.00
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9.02%
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Toyo Engineering Corporation Corporate Events
Toyo Engineering Revises Breakdown of Operating Cash Flows in FY2026 Results
Jun 23, 2026
Toyo Engineering Corporation has announced a partial correction to its consolidated financial results for the fiscal year ended March 31, 2026, under Japanese GAAP. The company identified an error in the breakdown of cash flows from operating acti...
Toyo Engineering Sets 2026–2030 Plan to Leverage Social Infrastructure for Next Growth Phase
Jun 19, 2026
Toyo Engineering has unveiled a new medium-term management plan for fiscal 2026–2030 under the slogan “Supporting Social Infrastructure, Creating the Next Stage of Growth,” positioning itself as a partner that co-creates social v...
Toyo Engineering to Streamline Share Structure and Add Flexibility to Top Management Rules
May 14, 2026
Toyo Engineering’s board has approved amendments to its Articles of Incorporation to be put before shareholders at the June 25, 2026 annual meeting, reflecting recent changes in its capital structure and governance. Following the full acquis...
Toyo Engineering to Reclassify Reserves to Repair Balance Sheet and Restart Dividends
May 14, 2026
Toyo Engineering Corporation has resolved to propose a reduction of its capital reserve and an appropriation of surplus at its June 25 annual shareholders’ meeting, aiming to cover retained earnings deficits. The move is designed to strength...
Toyo Engineering Swings to Loss but Forecasts Profit and Dividend Rebound
May 14, 2026
Toyo Engineering reported a steep downturn for the fiscal year ended March 31, 2026, with net sales falling 34.2% to ¥182.9 billion and swinging to an operating loss of ¥19.0 billion and a net loss of ¥14.9 billion, compared with a ...
Toyo Engineering Maps Dual-Revenue Shift and Return to Profitability
May 14, 2026
Toyo Engineering has outlined a five-year phase to build a dual-revenue model that combines traditional project-based EPC income with a growing stream of recurring revenues, while reaffirming its FY2030 net profit target of ¥10 billion. The c...
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.