Toyo Engineering Corporation (JP:6330)
:6330
Top Page
Toyo Engineering Corporation
(6330)
Select Model
Select Model
Rating:55Neutral
Price Target:
¥2,400.00
▼(-22.08% Downside)
Action:ReiteratedDate:03/26/26
The score is primarily held back by deteriorating profitability and severe negative free cash flow, despite steady revenue growth and a relatively stable balance sheet. Technical indicators also point to weak momentum (below key moving averages with negative MACD), while valuation support is limited due to a negative P/E and modest dividend yield.
Positive Factors
Revenue growth trend
Consistent 6.6% revenue growth signals sustained demand for EPC services and the ability to convert project pipeline into sales. Over 2–6 months this underpins backlog health and supports operational scale, making revenue a durable pillar despite short-term margin swings.
Negative Factors
Severely negative free cash flow
Deep negative free cash flow erodes liquidity and forces reliance on external funding or asset sales. For an EPC firm with large upfront procurement needs, persistent cash outflows reduce flexibility to fund new awards, increase financing costs, and raise execution risk over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth trend
Consistent 6.6% revenue growth signals sustained demand for EPC services and the ability to convert project pipeline into sales. Over 2–6 months this underpins backlog health and supports operational scale, making revenue a durable pillar despite short-term margin swings.
Read all positive factors
Toyo Engineering Corporation (6330) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥135.42B
Dividend Yield0.96%
Average Volume (3M)1.77M
Price to Earnings (P/E)―
Beta (1Y)2.15
Revenue Growth-5.80%
EPS Growth-126.63%
CountryJP
Employees4,094
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-247.25
Shares Outstanding38,558,506
10 Day Avg. Volume2,851,550
30 Day Avg. Volume1,771,820
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.68
Price to Sales (P/S)0.15
P/FCF Ratio-1.49
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)103.9
Revenue Forecast (FY)¥215.00B
Toyo Engineering Corporation Business Overview & Revenue Model
Company Description
Toyo Engineering Corporation engages in the engineering and construction of industrial facilities in Japan, India, Russia, and internationally. It provides various services, such as research and development support, design, engineering, procuremen...
How the Company Makes Money
Toyo Engineering primarily makes money by executing large-scale industrial plant projects under contracts where it is paid for delivering engineering, procurement, construction, and project management services. Its main revenue stream is project-b...
Toyo Engineering Corporation Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
75
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 264.59B | 278.09B | 260.82B | 192.91B | 202.99B | 184.00B |
| Gross Profit | 26.45B | 25.21B | 27.49B | 23.45B | 20.04B | 17.75B |
| EBITDA | 8.13B | 4.85B | 15.00B | 6.87B | 4.64B | 4.71B |
| Net Income | 1.51B | 2.02B | 9.82B | 1.65B | 1.62B | 814.00M |
Balance Sheet | ||||||
| Total Assets | 252.57B | 286.60B | 286.00B | 256.31B | 240.85B | 218.25B |
| Cash, Cash Equivalents and Short-Term Investments | 79.55B | 90.32B | 119.86B | 108.52B | 92.15B | 97.61B |
| Total Debt | 51.14B | 51.91B | 36.28B | 36.59B | 36.68B | 28.17B |
| Total Liabilities | 195.01B | 226.35B | 221.84B | 207.20B | 196.29B | 178.18B |
| Stockholders Equity | 57.35B | 60.01B | 63.94B | 48.92B | 44.39B | 39.94B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -27.18B | 4.63B | 14.64B | -7.56B | 17.36B |
| Operating Cash Flow | 0.00 | -23.09B | 6.00B | 15.59B | -6.79B | 17.75B |
| Investing Cash Flow | 0.00 | -19.77B | 7.34B | -9.47B | -7.85B | -2.71B |
| Financing Cash Flow | 0.00 | 674.00M | -1.06B | -1.57B | 7.61B | -451.00M |
Toyo Engineering Corporation Technical Analysis
Negative
3080.00
Price Trends
3694.40
Negative
3535.47
Negative
2542.08
Negative
Market Momentum
-320.68
Negative
39.65
Neutral
34.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6330, the sentiment is Negative. The current price of 3080 is above the 20-day moving average (MA) of 2711.20, below the 50-day MA of 3694.40, and above the 200-day MA of 2542.08, indicating a bearish trend. The MACD of -320.68 indicates Negative momentum. The RSI at 39.65 is Neutral, neither overbought nor oversold. The STOCH value of 34.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥269.76B | 12.19 | 7.43% | 2.78% | 1.31% | 59.20% | |
75 Outperform | ¥314.39B | 0.79 | 164.12% | ― | -12.14% | ― | |
72 Outperform | ¥1.30T | 12.95 | 14.94% | 2.00% | 16.43% | 53.76% | |
72 Outperform | ¥688.05B | 12.93 | ― | 2.15% | -5.20% | -1.20% | |
65 Neutral | ¥665.83B | 6.30 | -0.24% | 2.10% | -0.41% | 80.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | ¥135.42B | -3.11 | -33.76% | 0.96% | -5.80% | -126.63% |
* Industrials Sector Average
JP:6330
Toyo Engineering Corporation
2,311.00
1,723.00
293.03%
JP:6366
Chiyoda
1,214.00
894.00
279.38%
JP:1941
CHUDENKO
4,905.00
1,722.13
54.11%
JP:1963
JGC
2,803.00
1,767.23
170.62%
JP:1942
Kandenko Co., Ltd.
6,385.00
3,804.50
147.43%
JP:1959
Kyudenko Corporation
9,712.00
5,254.81
117.89%
Toyo Engineering Corporation Corporate Events
Toyo Engineering Eliminates Class A Preferred Shares Through Full Conversion
Apr 10, 2026
Toyo Engineering Corporation announced that shareholders Integral Team Limited Partnership and Innovation Alpha Team L.P. have fully converted their 500,100 Class A preferred shares into an equivalent number of common shares, eliminating all outst...
Toyo Engineering Reshapes Capital Structure With Large Preferred-to-Common Share Conversion
Apr 1, 2026
Toyo Engineering Corporation announced that major shareholders Integral Team Limited Partnership and Innovation Alpha Team L.P. have partially converted their Class A preferred shares into common shares under the company’s Articles of Associ...
Toyo Engineering to Cancel Majority of Class A Preferred Shares
Mar 23, 2026
Toyo Engineering Corporation has resolved, via written resolution in place of a board meeting, to cancel 14,030,100 Class A preferred shares, representing 69.22% of the outstanding Class A preferred stock as of February 28, 2026. Effective March 3...
Toyo Engineering Dilution Pushes Mitsui Chemicals Below Major Shareholder Threshold
Mar 18, 2026
Toyo Engineering Corporation announced that a change in its major shareholders is expected following the conversion of Class A preferred shares into common shares by certain investors. This conversion increased the company’s common shares by...
Toyo Engineering Sees Major Holders Convert Preferred Shares to Common Stock
Mar 18, 2026
Toyo Engineering Corporation announced that major shareholders Integral Team Limited Partnership and Innovation Alpha Team L.P. have partially converted their Class A preferred shares into common shares under the company’s Articles of Associ...
Toyo Engineering Sees Partial Conversion of Class A Preferred Shares Into Common Stock
Feb 27, 2026
Toyo Engineering Corporation announced that major shareholders Integral Team Limited Partnership and Innovation Alpha Team L.P. have partially converted their Class A preferred shares into common shares under the company’s Articles of Associ...
Toyo Engineering Overhauls Top Management and Governance Roles
Feb 26, 2026
Toyo Engineering Corporation announced a slate of leadership changes, including the appointment of Casey Matsumuro as chairman, succeeding Haruo Nagamatsu, who will become senior advisor following the June 2026 shareholders’ meeting. The mov...
Toyo Engineering Sees Partial Conversion of Class A Preferred Shares Into Common Stock
Feb 16, 2026
Toyo Engineering Corporation announced that major shareholders Integral Team Limited Partnership and Innovation Alpha Team L.P. have partially converted their Class A preferred shares into common shares, in line with the company’s Articles o...
Toyo Engineering Faces ¥4.96 Billion Lawsuit Over Petrochemical Plant Subcontract
Feb 13, 2026
Toyo Engineering Corporation, a major Japanese contractor for petrochemical and industrial plants, has disclosed that it is facing a lawsuit from Asunaro Aoki Construction Co., Ltd. related to a subcontracted portion of a petrochemical plant proje...
Toyo Engineering Swings to Deep Project Losses, Cancels Year-End Dividend
Feb 12, 2026
Toyo Engineering Corporation cut its full-year forecast for the fiscal year ending March 31, 2026, projecting net sales of ¥185 billion versus an earlier ¥200 billion outlook and now expecting an operating loss of ¥20 billion instea...
Toyo Engineering Cuts FY2025 Earnings Outlook on Brazil Project Strain
Feb 12, 2026
Toyo Engineering Corporation has revised its consolidated earnings forecast for the third quarter of the fiscal year ending March 2026, signaling a change in expected net profit compared with its previous second-quarter outlook. The revision refle...
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.