Togami Electric Mfg.Co., Ltd. (6643) AI Stock Analysis

• Market Cap: ¥19.63B
• Dividend Yield: 3.08%
• Average Volume (3M): 13.52K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 0.70
• Revenue Growth: 2.21%
• EPS Growth: -5.13%
• Country: JP
• Employees: 1,083
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 85.43
• Shares Outstanding: 4,896,558
• 10 Day Avg. Volume: 8,820
• 30 Day Avg. Volume: 13,523
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥4,339.00
• Price Target Upside: 7.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 81 Outperform
• Price Target: ¥4,339.00 ▲(7.80% Upside)

Togami Electric Mfg. Co., Ltd. demonstrates strong financial performance with consistent growth and a robust balance sheet, contributing significantly to its overall score. The technical analysis supports a positive price trend, while the valuation metrics indicate potential undervaluation and an attractive dividend yield. These factors collectively position the stock as a solid investment opportunity in the Electrical Equipment & Parts industry.

Togami Electric Mfg.Co., Ltd. Business Overview & Revenue Model

Company Description

Togami Electric Mfg. Co., Ltd. manufactures and sells tracing devices and measuring instruments, control equipment, switchboards, and medium voltage products in Japan and internationally. The company offers super line checkers, underground distribution fault locators, string tracers, cell line checkers, and new cell line checkers. It also provides electromagnetic switches, including standard and economical electromagnetic switches, reversing magnetic starters/contactors, magnetic and thermal overload relays, and star-delta starters; explosion proof controllers, such as explosion-proof circuit breakers, combination starters, magnetic motor starters, and cast iron and aluminum alloy control switches; and anticorrosion controllers comprising water- and corrosion-proof switches, and corrosion-proof magnetic motor and combination starters. In addition, the company offers metal-enclosed switchgears, low-voltage switchgears, and various motor control centers, as well as medium-voltage overhead distribution products. Togami Electric Mfg. Co., Ltd. was founded in 1925 and is headquartered in Saga, Japan.

How the Company Makes Money

Togami Electric Mfg.Co., Ltd. generates revenue primarily through the sale of its electrical equipment products. The company's key revenue streams include the manufacturing and distribution of circuit breakers, switchboards, and control devices used in various industrial sectors. By providing essential electrical components to industries such as manufacturing, construction, and utilities, the company ensures a steady demand for its products. Significant partnerships with industrial firms and a focus on product innovation and quality contribute to Togami Electric's earnings, allowing it to maintain a competitive position in the electrical equipment market.

Togami Electric Mfg.Co., Ltd. Financial Statement Overview

Summary

Togami Electric Mfg. Co., Ltd. exhibits strong financial health across all verticals with consistent revenue and profit growth, a robust balance sheet, and strong cash flow generation. The company has managed to maintain low leverage while increasing equity, showcasing financial stability and growth potential in the Electrical Equipment & Parts industry.

Income Statement

The company demonstrates strong revenue growth, with a steady increase from 22.6 billion in 2021 to 27.6 billion in 2025. Gross Profit Margin and EBIT Margin have remained healthy, reflecting efficient cost management. Net Profit Margin is also strong, indicating solid profitability. However, margins have shown moderate variations over the years, suggesting room for stability improvement.

Balance Sheet

The balance sheet showcases a robust equity position with a consistent increase in stockholders' equity from 15.4 billion in 2020 to 22.4 billion in 2025. The Debt-to-Equity Ratio remains very low, highlighting low financial leverage and risk. The Equity Ratio is strong, reflecting a solid capital structure. Overall, the balance sheet is stable and well-capitalized.

Cash Flow

Free Cash Flow has grown significantly, indicating strong cash generation capabilities. Operating Cash Flow to Net Income Ratio is healthy, demonstrating efficient cash conversion. The Free Cash Flow to Net Income Ratio further supports the company's ability to generate cash relative to its earnings. The cash flow statement signifies strong liquidity and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	27.65B	27.65B	26.73B	24.81B	23.58B	22.59B
Gross Profit	7.17B	7.17B	6.20B	5.27B	4.81B	4.87B
EBITDA	3.79B	4.02B	3.75B	2.81B	2.46B	2.50B
Net Income	2.39B	2.39B	2.09B	1.43B	1.29B	1.33B
Balance Sheet
Total Assets	32.40B	32.40B	31.40B	28.82B	26.83B	25.75B
Cash, Cash Equivalents and Short-Term Investments	7.71B	7.71B	7.12B	6.81B	6.56B	6.65B
Total Debt	766.77M	766.77M	338.25M	354.68M	380.88M	396.58M
Total Liabilities	9.75B	9.75B	10.30B	9.91B	9.16B	9.09B
Stockholders Equity	22.40B	22.40B	20.88B	18.73B	17.50B	16.51B
Cash Flow
Free Cash Flow	0.00	1.00B	642.29M	719.57M	978.43M	1.33B
Operating Cash Flow	0.00	2.81B	2.15B	1.50B	1.80B	1.91B
Investing Cash Flow	0.00	-1.62B	-1.54B	-874.74M	-1.52B	-585.42M
Financing Cash Flow	0.00	-705.97M	-438.44M	-423.68M	-453.46M	-391.81M

Togami Electric Mfg.Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4025.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6643, the sentiment is Positive. The current price of 4025 is above the 20-day moving average (MA) of 3982.75, above the 50-day MA of 3808.70, and above the 200-day MA of 3378.04, indicating a bullish trend. The MACD of 76.71 indicates Negative momentum. The RSI at 59.97 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6643.

Togami Electric Mfg.Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6643	81 Outperform	¥19.63B	8.84		3.08%	2.21%	-5.13%
6994	80 Outperform	16.96B	9.58	5.11%	2.59%	3.59%	249.94%
6647	78 Outperform	2.68B	4.12	11.02%	2.57%	23.01%	260.84%
6637	75 Outperform	46.97B	10.84	8.66%	0.87%	5.57%	0.99%
6882	61 Neutral	12.53B	114.07	2.06%	4.43%	-17.49%	-96.33%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%