Toppan Printing Co (7911) AI Stock Analysis

• Market Cap: $1.02T
• Dividend Yield: 1.23%
• Average Volume (3M): 1.05M
• Price to Earnings (P/E): 12.5
• Beta (1Y): 0.74
• Revenue Growth: 3.01%
• EPS Growth: 6.48%
• Country: JP
• Employees: 53,712
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 71.51
• Shares Outstanding: 294,706,240
• 10 Day Avg. Volume: 1,089,770
• 30 Day Avg. Volume: 1,053,650
• PEG Ratio: 0.49
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.71
• P/FCF Ratio: -20.98
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 0.80
• Enterprise Value/Gross Profit: 3.29
• Enterprise Value/Ebitda: 5.38
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ¥5,501.00 ▲(18.15% Upside)

Toppan Printing Co's stock score is driven by strong financial performance and bullish technical indicators. The company's robust revenue growth and profitability are offset by cash flow challenges. The technical analysis indicates strong momentum, though overbought conditions suggest caution. Valuation metrics show the stock is fairly valued, with a moderate dividend yield.

Positive Factors

Revenue Growth

Consistent revenue growth indicates Toppan's ability to expand its market presence and adapt to industry demands, supporting long-term business sustainability.

Balance Sheet Health

A solid balance sheet with prudent leverage management enhances financial stability, providing a strong foundation for future investments and growth.

Market Position

Diversified operations across multiple sectors strengthen Toppan's market position, reducing dependency on any single revenue stream and enhancing resilience.

Negative Factors

Cash Flow Challenges

Negative free cash flow indicates potential liquidity issues, which could limit Toppan's ability to invest in growth opportunities and manage financial obligations effectively.

Operational Efficiency

Lower EBIT margin highlights inefficiencies in operations, suggesting the need for cost optimization to enhance profitability and competitive edge.

Profitability Concerns

Moderate ROE suggests limited returns for shareholders, indicating potential challenges in maximizing shareholder value and attracting investment.

Toppan Printing Co Business Overview & Revenue Model

Company Description

Toppan Inc. develops solutions based on its printing technologies worldwide. The company offers security documents, business forms, data printing services, smart and other cards, in-store instant smart cards, gift card ASP services, RFID tags and solutions, counterfeit prevention devices, and payment services; and content and marketing services, such as books, magazines, supplements, textbooks, e-books, flyers, catalogs, pamphlets, promotional tools, space design, event planning and implantation services, digital content, and digital marketing services. It also provides back-office operations services, customer contact operations, and operations support services; flexible packaging, folding cartons, composite liquid containers, plastic molded goods, corrugated fiberboards, sustainable packaging development, and contract-based filling services; decorative sheets, flooring materials, decorative panels, and exterior and flame retardant products and materials; transparent barrier films, media and supplies for printers, electronics packaging materials, lithium-ion battery-related materials, and precision processed and exterior decorated components; and photomasks, LSI design services, FC-BGA substrates, lead frames, etched products, on-chip color filter arrays, and nanoimprint molds. In addition, the company offers displays, such as color filters, surface treatment films, TFT LCDs, metal masks for OLEDs, copper touch sensors, and light control films. Further, it is involved in the event planning and operation of Toppan hall; insurance, travel and human resources agency, filling, system development, shipping, and warehousing services; education and consultation services for invigorating individuals and workplaces; sales and intermediary services for publishing and newspaper content; and operation of e-book store and distribution platform. The company was formerly known as Toppan Printing Co., Ltd. Toppan Inc. was founded in 1900 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Toppan Printing Co. generates revenue through multiple streams, primarily from its diverse printing services and solutions. Key revenue sources include commercial printing services, which cater to various sectors such as advertising, publishing, and packaging, and security printing services, which encompass banknotes, identification cards, and other secure documents. Additionally, the company earns money from its packaging solutions, which are increasingly in demand due to the growth of e-commerce and consumer goods sectors. Toppan also leverages digital transformation services, providing clients with innovative technologies that integrate printing with digital applications. Significant partnerships with major corporations across industries further bolster Toppan's earnings, as they provide a steady demand for its products and services. The company's commitment to research and development allows it to stay competitive and adapt to changing market trends, thus ensuring sustained revenue growth.

Toppan Printing Co Financial Statement Overview

Summary

Toppan Printing Co exhibits strong revenue growth and profitability, supported by a stable balance sheet. However, cash flow management poses challenges, particularly with negative free cash flow, indicating a need for improved liquidity management.

Income Statement

The income statement of Toppan Printing Co shows a strong financial performance with consistent revenue growth, notably a 2.37% increase from 2024 to 2025. The gross profit margin is healthy at 24.05%, and the net profit margin improved to 5.20% in 2025, indicating efficient cost management. However, the EBIT margin of 4.89% suggests room for improvement in operational efficiency. Overall, the company demonstrates robust revenue growth and profitability.

Balance Sheet

Toppan Printing Co maintains a solid balance sheet with a debt-to-equity ratio of 0.36, indicating prudent leverage management. The equity ratio stands at 51.44%, reflecting a strong equity base. Return on equity (ROE) is 6.91%, signifying moderate profitability relative to shareholders' equity. The company's financial stability is commendable, though ROE suggests potential for enhanced shareholder returns.

Cash Flow

The company's cash flow statement indicates a challenging year with a negative free cash flow in 2025 due to significant capital expenditures. The operating cash flow to net income ratio of 0.73 suggests efficient cash-generating operations, but the free cash flow to net income ratio is negative, pointing to cash flow pressures. While operational cash flows remain strong, improved cash management is necessary to enhance liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.71T	1.72T	1.68T	1.64T	1.55T	1.47T
Gross Profit	415.57B	413.04B	387.41B	362.16B	334.76B	301.40B
EBITDA	253.70B	258.59B	218.12B	189.33B	251.51B	198.96B
Net Income	88.73B	89.35B	74.39B	60.87B	123.18B	82.00B
Balance Sheet
Total Assets	2.44T	2.52T	2.43T	2.24T	2.29T	2.36T
Cash, Cash Equivalents and Short-Term Investments	376.26B	778.59B	558.03B	504.92B	464.65B	543.39B
Total Debt	476.68B	467.60B	208.46B	223.78B	254.08B	324.24B
Total Liabilities	1.04T	1.10T	865.58B	786.65B	850.98B	910.34B
Stockholders Equity	1.27T	1.29T	1.42T	1.33T	1.37T	1.32T
Cash Flow
Free Cash Flow	0.00	-58.33B	75.35B	40.69B	22.21B	20.25B
Operating Cash Flow	0.00	64.80B	157.13B	106.08B	64.75B	76.86B
Investing Cash Flow	0.00	47.02B	-3.78B	-29.95B	32.80B	81.31B
Financing Cash Flow	0.00	120.33B	-90.17B	-51.59B	-186.96B	42.15B

Toppan Printing Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4656.00
• 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:7911, the sentiment is Positive. The current price of 4656 is above the 20-day moving average (MA) of 4189.25, above the 50-day MA of 3960.28, and above the 200-day MA of 3966.94, indicating a bullish trend. The MACD of 261.08 indicates Negative momentum. The RSI at 62.85 is Neutral, neither overbought nor oversold. The STOCH value of 68.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7911.

Toppan Printing Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7911	74 Outperform	$1.02T	12.48	6.28%	1.23%	3.01%	6.48%
7912	73 Outperform	$1.27T	12.66	6.97%	1.50%	3.37%	-31.10%
7914	69 Neutral	¥49.24B	10.64	―	3.85%	-0.04%	93.95%
7919	68 Neutral	¥3.28B	7.11	―	3.89%	0.62%	-24.08%
7893	65 Neutral	¥27.96B	-49.62	―	4.25%	4.10%	-121.49%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
7916	61 Neutral	¥5.21B	9.59	―	2.99%	-1.30%	―

Toppan Printing Co Corporate Events

Toppan Holdings Reports Mixed Financial Results Amid Strategic Expansions

Toppan Holdings Inc., a prominent player in the printing and electronics industry, is known for its innovative approaches in digital and sustainable transformation, offering a wide range of solutions across various sectors globally. In its latest earnings report for the six months ended September 30, 2025, Toppan Holdings Inc. reported a 4.3% increase in net sales, reaching ¥863.6 billion, despite a decrease in operating and ordinary profit by 12.8% and 19.7%, respectively. The company’s profit attributable to owners of the parent also saw a decline of 9.2% to ¥29.8 billion. The Information & Communication segment saw a slight increase in sales, driven by acquisitions and expansions in the digital business, while the Living & Industry segment experienced a significant sales increase due to the acquisition of packaging businesses and a focus on environmentally friendly products. However, the Electronics segment faced challenges with a decrease in sales and operating profit. Looking ahead, Toppan Holdings Inc. remains committed to its strategic focus on digital and sustainable transformation, aiming to enhance its competitive edge and address global market opportunities, despite the challenges posed by geopolitical risks and economic fluctuations.

Toppan Holdings Reports Mixed Financial Results Amid Revenue Growth

Toppan Holdings Inc. reported a 4.3% increase in net sales for the six months ending September 30, 2025, but experienced declines in operating profit and ordinary profit by 12.8% and 19.7%, respectively. The company has revised its financial forecast for the fiscal year ending March 31, 2026, indicating a 4.1% increase in net sales but expecting a 17.7% decrease in operating profit, reflecting challenges in maintaining profitability despite revenue growth.

The most recent analyst rating on (JP:7911) stock is a Hold with a Yen4040.00 price target. To see the full list of analyst forecasts on Toppan Printing Co stock, see the JP:7911 Stock Forecast page.

Toppan Holdings Acquires Own Shares to Optimize Capital Structure

Toppan Holdings Inc. announced the acquisition of 1,198,000 of its own shares through market purchases on the Tokyo Stock Exchange, amounting to 4,527,516,000 yen. This move is part of a larger plan approved by the Board of Directors to acquire up to 11,000,000 shares by May 2026, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (JP:7911) stock is a Hold with a Yen4040.00 price target. To see the full list of analyst forecasts on Toppan Printing Co stock, see the JP:7911 Stock Forecast page.

Toppan Holdings Advances Share Buyback Program

Toppan Holdings Inc. announced the acquisition of 480,600 of its own shares, costing 1,877,470,600 yen, through market purchases on the Tokyo Stock Exchange during September 2025. This acquisition is part of a broader plan approved in May 2025 to buy back up to 11 million shares, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:7911) stock is a Hold with a Yen4156.00 price target. To see the full list of analyst forecasts on Toppan Printing Co stock, see the JP:7911 Stock Forecast page.

Toppan Holdings Announces Strategic Merger to Enhance Synergies

Toppan Holdings Inc. has announced a reorganization within its group, involving an absorption-type merger of its subsidiaries, Toppan Inc., Toppan Edge Inc., and Toppan Digital Inc., effective April 1, 2026. This strategic move aims to enhance synergies, optimize resource allocation, and strengthen the company’s competitive edge, particularly in the Information & Communication segment, while improving capital efficiency and corporate value.

The most recent analyst rating on (JP:7911) stock is a Hold with a Yen4147.00 price target. To see the full list of analyst forecasts on Toppan Printing Co stock, see the JP:7911 Stock Forecast page.

Toppan Holdings Announces Share Buyback Progress

Toppan Holdings Inc. announced the acquisition of 1,018,900 of its own shares through market purchases on the Tokyo Stock Exchange, as part of a resolution made by the Board of Directors. This move is part of a broader plan to acquire up to 11,000,000 shares, which could impact the company’s stock value and shareholder equity.

The most recent analyst rating on (JP:7911) stock is a Hold with a Yen4147.00 price target. To see the full list of analyst forecasts on Toppan Printing Co stock, see the JP:7911 Stock Forecast page.