Toa Corporation (JP:6809)
:6809
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Toa Corporation
(6809)
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Rating:78Outperform
Price Target:
¥2,102.00
▲(31.21% Upside)
Action:ReiteratedDate:11/06/25
Toa Corporation's stock is supported by a strong financial performance and attractive valuation, making it a promising investment within the Security & Protection Services industry. The technical analysis indicates strong momentum, although the overbought RSI suggests caution for short-term investors. Overall, the stock presents a solid opportunity with a balanced risk-reward profile.
Positive Factors
Balance Sheet Strength
The company’s minimal leverage and high equity ratio provide durable financial flexibility for capital-intensive construction projects, reduce refinancing risk, and allow Toa to pursue competitive bids or absorb project delays without stressing liquidity, supporting long-term stability.
Negative Factors
Moderate Return on Equity
ROE under 5% indicates modest efficiency in converting equity into shareholder returns. Over time this could limit attractiveness to equity investors unless management improves asset turnover, margin expansion, or pursues higher-return projects to enhance capital productivity.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
The company’s minimal leverage and high equity ratio provide durable financial flexibility for capital-intensive construction projects, reduce refinancing risk, and allow Toa to pursue competitive bids or absorb project delays without stressing liquidity, supporting long-term stability.
Read all positive factors
Toa Corporation (6809) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥62.97B
Dividend Yield3.69%
Average Volume (3M)53.29K
Price to Earnings (P/E)8.6
Beta (1Y)0.72
Revenue Growth4.46%
EPS Growth127.52%
CountryJP
Employees3,025
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)46.43
Shares Outstanding34,736,633
10 Day Avg. Volume57,700
30 Day Avg. Volume53,286
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.56
Price to Sales (P/S)0.55
P/FCF Ratio5.55
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 makes money primarily by contracting and executing construction projects for public-sector and private-sector customers. Revenue is recognized from construction contracts as work progresses and/or upon completion depending on contr...
Toa Corporation Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.83B | 50.63B | 48.81B | 45.12B | 40.86B | 40.58B |
| Gross Profit | 23.20B | 22.48B | 20.92B | 18.16B | 17.38B | 17.31B |
| EBITDA | 6.00B | 5.65B | 5.40B | 4.22B | 3.88B | 4.09B |
| Net Income | 2.50B | 2.37B | 2.00B | 1.76B | 1.47B | 1.60B |
Balance Sheet | ||||||
| Total Assets | 65.69B | 68.63B | 64.73B | 63.91B | 60.69B | 58.57B |
| Cash, Cash Equivalents and Short-Term Investments | 17.61B | 19.16B | 16.43B | 16.94B | 17.91B | 16.84B |
| Total Debt | 4.13B | 3.50B | 3.02B | 3.84B | 2.91B | 2.18B |
| Total Liabilities | 15.00B | 16.04B | 15.49B | 15.14B | 13.75B | 12.20B |
| Stockholders Equity | 47.74B | 49.51B | 46.58B | 46.24B | 44.72B | 44.40B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.01B | 4.16B | -819.00M | 867.00M | 3.07B |
| Operating Cash Flow | 0.00 | 5.62B | 5.07B | 583.00M | 1.63B | 5.29B |
| Investing Cash Flow | 0.00 | -2.40B | -928.00M | -2.79B | -752.00M | -2.07B |
| Financing Cash Flow | 0.00 | -2.08B | -5.23B | -1.44B | -458.00M | -3.06B |
Toa Corporation Technical Analysis
Positive
1602.00
Price Trends
1744.94
Positive
1675.07
Positive
1389.99
Positive
Market Momentum
23.20
Negative
55.62
Neutral
56.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6809, the sentiment is Positive. The current price of 1602 is below the 20-day moving average (MA) of 1775.23, below the 50-day MA of 1744.94, and above the 200-day MA of 1389.99, indicating a bullish trend. The MACD of 23.20 indicates Negative momentum. The RSI at 55.62 is Neutral, neither overbought nor oversold. The STOCH value of 56.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥80.79B | 8.04 | ― | 0.82% | 7.10% | 36.47% | |
78 Outperform | ¥62.97B | 8.62 | ― | 3.69% | 4.46% | 127.52% | |
76 Outperform | ¥265.04B | 14.78 | ― | 2.42% | 9.55% | 9.52% | |
74 Outperform | ¥11.27B | 8.12 | ― | 3.98% | 4.35% | 7.25% | |
73 Outperform | ¥2.72T | 19.24 | 8.35% | 1.77% | 5.39% | 4.89% | |
73 Outperform | ¥153.72B | 14.99 | ― | 1.39% | 11.23% | 16.49% | |
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 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...
TOA Sets Governance Reforms After Fraud-Linked Fund Outflow at U.S. Subsidiary
Feb 16, 2026
TOA Corporation has disclosed the findings of an internal investigation into a fund outflow incident at its U.S. subsidiary, confirming that the misappropriation resulted from fraudulent instructions by a malicious third party and that no employee...
TOA Corporation posts strong nine-month profit growth and plans higher dividends
Feb 3, 2026
TOA Corporation reported solid growth for the nine months ended 31 December 2025, with net sales rising 7.7% year-on-year to ¥38.6 billion and operating profit surging 70.8% to ¥3.1 billion, driving a 73.6% increase in profit attributabl...
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.