Toa Corporation (JP:6809)
:6809
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Toa Corporation
(6809)
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Rating:70Outperform
Price Target:
¥1,707.00
▲(6.55% Upside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by strong financial strength (improving profitability, robust recent free cash flow, and very low leverage) and supported by reasonable valuation with an attractive dividend yield. This is tempered by weak current technical momentum, with the stock trading below key moving averages and negative MACD.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt provides durable financial flexibility for a contractor business: it lowers refinancing risk, supports competitive bidding on large public works, and allows the firm to fund working-capital swings, dividends, or opportunistic investments without relying on markets.
Negative Factors
Cash-flow volatility / working-capital swings
Historic swings in OCF and a negative FCF year highlight working-capital and project-timing risks inherent in construction. That variability can strain liquidity during bid ramps or claims resolution, forcing short-term financing and constraining consistent capital deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt provides durable financial flexibility for a contractor business: it lowers refinancing risk, supports competitive bidding on large public works, and allows the firm to fund working-capital swings, dividends, or opportunistic investments without relying on markets.
Read all positive factors
Toa Corporation (6809) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥53.85B
Dividend Yield3.69%
Average Volume (3M)53.29K
Price to Earnings (P/E)14.2
Beta (1Y)0.63
Revenue Growth9.40%
EPS Growth34.69%
CountryJP
Employees3,025
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)83.01
Shares Outstanding34,736,633
10 Day Avg. Volume57,700
30 Day Avg. Volume53,286
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)0.94
Price to Sales (P/S)0.99
P/FCF Ratio10.15
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)N/A
Revenue Forecast (FY)N/A
Toa Corporation Business Overview & Revenue Model
Company Description
TOA Corporation manufactures and sells sound and video equipment worldwide. The company offers public address systems, including PA systems, voice evacuation systems, wireless systems, network PA systems, intercom systems, professional audio syste...
How the Company Makes Money
Toa Corporation primarily makes money by executing construction contracts and recognizing revenue as it delivers contracted work. Its key revenue streams generally consist of (1) civil engineering projects—such as public infrastructure and other l...
Toa Corporation Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.83B | 55.39B | 50.63B | 48.81B | 45.12B | 40.86B |
| Gross Profit | 23.20B | 24.72B | 22.48B | 20.92B | 18.16B | 17.38B |
| EBITDA | 6.00B | 6.53B | 5.65B | 5.40B | 4.22B | 3.88B |
| Net Income | 2.50B | 3.31B | 2.37B | 2.00B | 1.76B | 1.47B |
Balance Sheet | ||||||
| Total Assets | 65.69B | 76.77B | 68.63B | 64.73B | 63.91B | 60.69B |
| Cash, Cash Equivalents and Short-Term Investments | 17.61B | 27.39B | 19.16B | 16.43B | 16.94B | 17.91B |
| Total Debt | 4.13B | 1.37B | 3.50B | 3.02B | 3.84B | 2.91B |
| Total Liabilities | 15.00B | 15.20B | 16.04B | 15.49B | 15.14B | 13.75B |
| Stockholders Equity | 47.74B | 58.32B | 49.51B | 46.58B | 46.24B | 44.72B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.40B | 5.01B | 4.16B | -819.00M | 867.00M |
| Operating Cash Flow | 0.00 | 5.88B | 5.62B | 5.07B | 583.00M | 1.63B |
| Investing Cash Flow | 0.00 | 1.06B | -2.40B | -928.00M | -2.79B | -752.00M |
| Financing Cash Flow | 0.00 | 2.76B | -2.08B | -5.23B | -1.44B | -458.00M |
Toa Corporation Technical Analysis
Negative
1602.00
Price Trends
1705.48
Negative
1693.25
Negative
1502.09
Positive
Market Momentum
-49.53
Negative
38.33
Neutral
34.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6809, the sentiment is Negative. The current price of 1602 is above the 20-day moving average (MA) of 1599.85, below the 50-day MA of 1705.48, and above the 200-day MA of 1502.09, indicating a neutral trend. The MACD of -49.53 indicates Negative momentum. The RSI at 38.33 is Neutral, neither overbought nor oversold. The STOCH value of 34.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6809.
Toa Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥106.76B | 19.73 | ― | 0.82% | 8.60% | 28.39% | |
82 Outperform | ¥171.32B | 16.73 | ― | 1.39% | 12.59% | 26.31% | |
75 Outperform | ¥297.30B | 21.26 | ― | 2.42% | 4.46% | 23.01% | |
72 Outperform | ¥13.80B | 12.63 | ― | 3.98% | 4.54% | -17.09% | |
70 Outperform | ¥53.85B | 14.18 | ― | 3.69% | 9.40% | 34.69% | |
64 Neutral | ¥2.82T | 22.84 | 8.35% | 1.77% | 4.75% | 6.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Toa Corporation Corporate Events
TOA Corporation Doubles Annual Dividend, Boosts Shareholder Payouts
May 25, 2026
TOA Corporation’s board has approved a year-end dividend of ¥50 per share for the fiscal year ended March 31, 2026, matching its most recent forecast. The payout, comprising a stable dividend of ¥45 and a performance-linked dividen...
TOA Extends Takeover Defense to Safeguard Long-Term Strategy
May 18, 2026
TOA Corporation’s board has resolved to continue its policy against large-scale purchases of the company’s shares, a takeover defense first introduced in 2008 and repeatedly renewed with shareholder approval. The latest continuation, s...
TOA Corporation Lifts Dividend Forecast on Stronger Earnings
May 7, 2026
TOA Corporation announced a revision to its dividend forecast for the fiscal year ending March 2026, reflecting stronger-than-expected consolidated results. The company adheres to a policy of maintaining a stable annual dividend of 85 yen while ta...
TOA Corporation Delivers Strong Earnings and Doubles Dividend, Guides for Modest Growth
May 7, 2026
TOA Corporation reported strong results for the fiscal year ended March 31, 2026, with consolidated net sales rising 9.4% to ¥55.4 billion and profit attributable to owners of parent jumping 39.9% to ¥3.3 billion, driven by higher operat...
TOA Corporation to Add Veteran Executive Yukiko Tsujimoto as Independent Outside Director
Mar 18, 2026
TOA Corporation has nominated veteran marketing and communications executive Yukiko Tsujimoto as a new outside director, with formal approval scheduled for the June 2026 annual shareholders’ meeting. Tsujimoto, whose legal name is Yukiko Oka...
TOA Raises Earnings and Dividend Forecast on Strong Sales and Weaker Yen
Mar 18, 2026
TOA Corporation has revised its consolidated earnings forecast for the fiscal year ending March 31, 2026, projecting higher net sales, ordinary profit, and profit attributable to owners of the parent than previously expected. The company cites rob...
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.