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Toa Road Corporation
(1882)
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Rating:71Outperform
Price Target:
¥1,791.00
▲(4.55% Upside)
Action:Upgraded
Date:08/17/26
The score is primarily supported by solid financial strength (conservative balance sheet and ongoing profitability) but held back by volatile cash flow and softened margins. Technicals are moderately positive with improving momentum, while valuation is helped by a high dividend yield despite a mid-range P/E.
Positive Factors
Conservative Balance Sheet
Low leverage and a sizeable equity base provide financial resilience for a cyclical contracting business. This supports continued investment and helps the company absorb project volatility without relying heavily on additional borrowing.
Negative Factors
Range-Bound Revenue
Limited top-line expansion suggests constrained market growth or project volume and reduces the operating leverage available to offset rising costs. A sustained lack of revenue growth could restrict earnings progression over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a sizeable equity base provide financial resilience for a cyclical contracting business. This supports continued investment and helps the company absorb project volatility without relying heavily on additional borrowing.
Read all positive factors
Toa Road Corporation (1882) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥81.60B
Dividend Yield5.52%
Average Volume (3M)417.02K
Price to Earnings (P/E)21.8
Beta (1Y)0.58
Revenue Growth-3.89%
EPS Growth-22.30%
CountryJP
Employees1,644
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)74.17
Shares Outstanding50,394,730
10 Day Avg. Volume328,020
30 Day Avg. Volume417,023
Financial Highlights & Ratios
PEG Ratio-1.37
Price to Book (P/B)1.47
Price to Sales (P/S)0.65
P/FCF Ratio8.15
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 Road Corporation Business Overview & Revenue Model
Company Description
Established in Tokyo in 1930, Toa Road Corporation is a Japanese civil engineering firm. The company specializes in the construction and enhancement of vital infrastructure, including road networks, expressways, and national routes, alongside rela...
Toa Road Corporation Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
82
Very Positive
Cash Flow
61
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 121.33B | 126.58B | 118.06B | 118.72B | 112.12B |
| Gross Profit | 14.53B | 13.49B | 13.48B | 12.34B | 12.78B |
| EBITDA | 5.57B | 8.61B | 7.90B | 6.98B | 7.76B |
| Net Income | 3.43B | 4.13B | 3.79B | 3.16B | 3.71B |
Balance Sheet | |||||
| Total Assets | 88.50B | 90.72B | 92.89B | 87.18B | 84.69B |
| Cash, Cash Equivalents and Short-Term Investments | 13.91B | 12.31B | 14.23B | 10.00B | 11.65B |
| Total Debt | 4.63B | 6.68B | 2.10B | 2.80B | 2.13B |
| Total Liabilities | 33.44B | 33.79B | 36.82B | 34.47B | 34.22B |
| Stockholders Equity | 53.64B | 55.41B | 54.65B | 51.34B | 49.07B |
Cash Flow | |||||
| Free Cash Flow | 9.68B | -4.37B | 6.83B | -65.00M | 2.06B |
| Operating Cash Flow | 12.21B | -1.75B | 10.91B | 2.18B | 4.58B |
| Investing Cash Flow | -2.33B | -1.22B | -4.00B | -2.97B | -2.84B |
| Financing Cash Flow | -8.27B | 1.06B | -2.69B | -853.00M | -2.86B |
Toa Road Corporation Technical Analysis
Positive
1713.00
Price Trends
1586.98
Positive
1584.96
Positive
1637.42
Negative
Market Momentum
9.55
Negative
60.04
Neutral
74.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1882, the sentiment is Positive. The current price of 1713 is above the 20-day moving average (MA) of 1613.05, above the 50-day MA of 1586.98, and above the 200-day MA of 1637.42, indicating a neutral trend. The MACD of 9.55 indicates Negative momentum. The RSI at 60.04 is Neutral, neither overbought nor oversold. The STOCH value of 74.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1882.
Toa Road Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥90.41B | 13.30 | ― | 1.25% | 7.70% | 18.20% | |
75 Outperform | ¥78.42B | 18.16 | ― | 0.99% | 20.15% | 38.61% | |
71 Outperform | ¥81.60B | 21.80 | ― | 8.02% | -3.89% | -22.30% | |
71 Outperform | ¥93.95B | 10.61 | ― | 5.15% | 2.98% | 16.13% | |
68 Neutral | ¥74.56B | 13.28 | ― | 3.64% | -4.26% | 11.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | ¥67.84B | 11.18 | ― | 2.73% | -5.15% | 115.86% |
* Industrials Sector Average
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Toa Road Corporation Corporate Events
Toa Road Stays in the Red but Keeps Profit and Dividend Outlook Intact
Aug 3, 2026
Toa Road Corporation reported a slight 1.3% year-on-year increase in net sales to ¥23.56 billion for the three months ended June 30, 2026, but remained in the red with an operating loss of ¥333 million and a net loss of ¥80 million....
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.