TOYOKOH Inc. (341A) AI Stock Analysis

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TOYOKOH Inc.

(TSE/TYO:341A)

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Rating:53Neutral

Price Target:JPY 1,199.00▲(1.52% Upside)

Action:reiterated

Date:11/12/26

The score is held back primarily by weak cash-flow quality (negative free cash flow and low cash conversion despite reported profits) and bearish technicals (price well below key moving averages with negative momentum). These are partially offset by improving profitability and a repaired balance sheet, while valuation (P/E ~23.5) appears neither clearly cheap nor expensive based on the provided data.

Positive Factors

Rapid Revenue GrowthThe sharp acceleration in revenue indicates materially stronger commercial activity and expanding scale after the earlier downturn. If this growth is sustained, it can support operating leverage, reinforce market relevance, and provide a broader base for future earnings generation.

Negative Factors

Persistently Negative Free Cash FlowRepeatedly negative free cash flow means reported profitability has not yet translated into surplus cash generation. Continued cash absorption could require external funding or constrain reinvestment, making the earnings recovery less durable until conversion improves.

TOYOKOH Inc. (341A) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 20.20B
Dividend Yield: ―
Average Volume (3M): 40.98K
Price to Earnings (P/E): 23.5
Beta (1Y): 0.13
Revenue Growth: ―
EPS Growth: ―
Country: Japan
Employees: 48
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

TOYOKOH Inc. Business Overview & Revenue Model

Company Description

Established in Japan in 1996, TOYOKOH Inc. specializes in advanced solutions for infrastructure maintenance. The company operates through two distinct divisions: the 'SOSEI' business, which rejuvenates aging roofs with a specialized three-layer resin...

TOYOKOH Inc. Financial Statement Overview

Summary

Strong turnaround in the income statement (sharp revenue growth in 2025–2026 and net margins improving to ~15.8%–17.6%) and clear balance-sheet repair (equity rebuilt and debt-to-equity improving to ~0.58x in 2026) are partially offset by very weak cash quality: operating cash flow is low versus net income and free cash flow remains negative across all years (including ~-¥71M in 2026).

Income Statement

74Positive

Balance Sheet

63Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2026	Mar 2025	Mar 2023
Income Statement
Total Revenue	3.30B	2.03B	3.13B	1.10B	1.12B
Gross Profit	1.34B	862.78M	1.30B	305.88M	361.44M
EBITDA	708.64M	310.15M	715.88M	-130.72M	-88.24M
Net Income	544.85M	321.08M	550.35M	-158.47M	-119.20M
Balance Sheet
Total Assets	5.37B	3.89B	5.34B	1.92B	1.35B
Cash, Cash Equivalents and Short-Term Investments	2.31B	2.09B	2.70B	797.65M	258.87M
Total Debt	1.77B	1.47B	1.74B	1.30B	1.24B
Total Liabilities	2.26B	1.86B	2.36B	1.59B	1.56B
Stockholders Equity	3.11B	2.03B	2.98B	328.46M	-218.89M
Cash Flow
Free Cash Flow	0	-222.64M	-70.72M	-229.95M	-124.78M
Operating Cash Flow	0	179.50M	136.50M	-176.59M	-114.67M
Investing Cash Flow	0	-521.71M	-688.00M	-17.15M	-9.15M
Financing Cash Flow	0	1.53B	660.00M	744.69M	-44.00M

TOYOKOH Inc. Technical Analysis

Technical Analysis SentimentNegative

Last Price1181.00

Price Trends

50DMA2074.56Negative

100DMA2034.86Negative

200DMA2092.57Negative

Market Momentum

MACD-137.59Positive

RSI14.96Positive

STOCH6.97Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:341A, the sentiment is Negative. The current price of 1181.00 is below the 20-day moving average (MA) of 1927.35, below the 50-day MA of 2074.56, and below the 200-day MA of 2092.57, indicating a bearish trend. The MACD of -137.59 indicates Positive momentum. The RSI at 14.96 is Positive, neither overbought nor oversold. The STOCH value of 6.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:341A.

TOYOKOH Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:341A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:1972	75Outperform	JPY 24.21B	9.03	―	5.39%	-1.47%	-12.26%
JP:6485	75Outperform	JPY 30.84B	13.04	―	4.16%	1.25%	-26.46%
JP:7820	67Neutral	JPY 16.24B	12.12	―	5.60%	-3.79%	―
JP:5936	64Neutral	JPY 5.30B	7.47	―	5.00%	-3.27%	-4.23%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:341A	53Neutral	JPY 20.28B	23.45	―	―	―	―
JP:5932	53Neutral	JPY 22.17B	-2.02	―	3.49%	-0.53%	-477.91%

* General Sector Average

Performance Comparison

JP:341A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:341A	TOYOKOH Inc.	1181.00	-1387.00	-54.01%
JP:1972	Sanko Metal Industrial Co., Ltd.	1225.00	-114.39	-8.54%
JP:5932	Sankyo Tateyama, Inc.	716.00	135.75	23.40%
JP:5936	Toyo Shutter Co., Ltd.	840.00	-17.59	-2.05%
JP:6485	Maezawa Kyuso Industries Co., Ltd.	1478.00	61.72	4.36%
JP:7820	Nihon Flush Co., Ltd.	643.00	-147.31	-18.64%

TOYOKOH Inc. Corporate Events

TOYOKOH Delays Results After Revenue Recognition Review

Nov 9, 2026

TOYOKOH Inc. is listed on the Tokyo Stock Exchange’s Growth Market under code 341A. The release does not identify its industry, principal products or services, or market focus.The company established an independent investigation committee after its a...

TOYOKOH Shares Designated as Loan Margin Trading Issue on TSE Growth Market

Oct 2, 2026

TOYOKOH Inc. has announced that its shares, previously treated as a Standardized Margin Trading Issue on the Tokyo Stock Exchange Growth Market, have been newly selected as a Loan Margin Trading Issue effective October 5, 2026. This change is expecte...

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.

Date of analysis: Nov 12, 2026

TOYOKOH Inc. AI Stock Analysis