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Toho Acetylene Co., Ltd.
(4093)
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Rating:69Neutral
Price Target:
¥462.00
▲(8.20% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by stable financial performance, led by a conservatively financed balance sheet and generally positive cash generation, offset by recent slowing in revenue/earnings and some free-cash-flow volatility. Valuation is supportive with a modest P/E and a healthy dividend yield, while technical signals are largely neutral and do not add strong momentum to the outlook.
Positive Factors
Conservative balance sheet
Low leverage and a growing equity base provide financial resilience, reduce refinancing risk, and preserve capacity to support operations or investment through changing industrial demand.
Negative Factors
Recent revenue contraction
Recent revenue contraction suggests weaker demand, volume, or pricing across industrial-gas applications. If sustained, it could limit operating leverage and make future profit growth dependent on efficiency gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a growing equity base provide financial resilience, reduce refinancing risk, and preserve capacity to support operations or investment through changing industrial demand.
Read all positive factors
Toho Acetylene Co., Ltd. (4093) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥14.79B
Dividend Yield3.31%
Average Volume (3M)33.26K
Price to Earnings (P/E)11.4
Beta (1Y)0.38
Revenue Growth-0.22%
EPS Growth4.42%
CountryJP
Employees763
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)36.99
Shares Outstanding35,020,000
10 Day Avg. Volume27,890
30 Day Avg. Volume33,256
Financial Highlights & Ratios
PEG Ratio-110.12
Price to Book (P/B)0.80
Price to Sales (P/S)0.44
P/FCF Ratio17.77
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
Toho Acetylene Co., Ltd. Business Overview & Revenue Model
Company Description
Established in Tagajo, Japan, in 1948, Toho Acetylene Co., Ltd. serves as a comprehensive supplier of various gases and related equipment across the country. Their extensive portfolio features a wide array of high-pressure gases, including acetyle...
How the Company Makes Money
The company primarily makes money by manufacturing and selling industrial gases—centered on acetylene—used in welding, cutting, and other industrial processes. Revenue is generated through (1) product sales of gases supplied to end users and distr...
Toho Acetylene Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 34.58B | 34.80B | 35.42B | 34.09B | 31.29B |
| Gross Profit | 11.24B | 10.97B | 11.17B | 10.12B | 9.60B |
| EBITDA | 2.65B | 2.64B | 2.76B | 2.19B | 1.88B |
| Net Income | 1.29B | 1.29B | 1.42B | 988.73M | 823.63M |
Balance Sheet | |||||
| Total Assets | 33.96B | 33.74B | 33.76B | 31.42B | 30.33B |
| Cash, Cash Equivalents and Short-Term Investments | 9.64B | 9.50B | 8.99B | 8.54B | 8.33B |
| Total Debt | 3.75B | 3.84B | 3.83B | 3.61B | 3.60B |
| Total Liabilities | 12.64B | 13.35B | 14.28B | 13.10B | 12.77B |
| Stockholders Equity | 19.14B | 18.30B | 17.50B | 16.48B | 15.83B |
Cash Flow | |||||
| Free Cash Flow | 861.53M | 1.47B | 1.41B | 666.94M | 968.97M |
| Operating Cash Flow | 2.40B | 2.23B | 2.41B | 1.11B | 1.78B |
| Investing Cash Flow | -1.70B | -993.79M | -1.46B | -443.35M | -684.06M |
| Financing Cash Flow | -746.39M | -730.63M | -492.73M | -454.03M | -630.46M |
Toho Acetylene Co., Ltd. Technical Analysis
Positive
427.00
Price Trends
421.42
Positive
417.61
Positive
398.14
Positive
Market Momentum
0.77
Negative
51.49
Neutral
67.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4093, the sentiment is Positive. The current price of 427 is above the 20-day moving average (MA) of 421.35, above the 50-day MA of 421.42, and above the 200-day MA of 398.14, indicating a bullish trend. The MACD of 0.77 indicates Negative momentum. The RSI at 51.49 is Neutral, neither overbought nor oversold. The STOCH value of 67.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4093.
Toho Acetylene Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥40.48B | 9.50 | ― | 3.53% | -9.00% | -15.37% | |
74 Outperform | ¥214.39B | 11.72 | ― | 4.09% | -1.25% | 34.70% | |
70 Outperform | ¥66.47B | 13.11 | ― | 2.88% | 1.10% | 12.09% | |
69 Neutral | ¥14.79B | 11.41 | ― | 3.28% | -0.22% | 4.42% | |
66 Neutral | ¥32.03B | 9.55 | ― | 3.53% | 7.78% | 30.94% | |
65 Neutral | ¥2.42T | 17.68 | ― | 1.05% | 8.74% | 41.93% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4093
Toho Acetylene Co., Ltd.
423.00
79.85
23.27%
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2,001.00
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2,952.00
737.13
33.28%
Toho Acetylene Co., Ltd. Corporate Events
Toho Acetylene Posts Modest Q1 Growth and Maintains Cautious Full-Year Outlook
Aug 7, 2026
Toho Acetylene reported a modest rise in net sales to ¥8.76 billion and a slight increase in profit attributable to owners of parent to ¥285 million for the quarter ended June 30, 2026, with basic earnings per share edging up to ¥8....
Toho Acetylene Completes Restricted Stock Treasury Share Disposal
Aug 3, 2026
Toho Acetylene has completed the payment procedures for the disposal of 16,300 treasury shares under a restricted stock compensation plan approved by its board on July 17, 2026. The shares, priced at 423 yen each for a total value of about 6.89 mi...
Toho Acetylene Issues Restricted Treasury Shares to Align Executive Pay With Shareholders
Jul 17, 2026
Toho Acetylene has approved the disposal of 16,300 treasury shares as restricted stock compensation to three internal directors and two senior vice presidents, valued at about ¥6.89 million at ¥423 per share. The move is part of a stock-...
Toho Acetylene unveils growth plan to lift returns and valuation
Jun 25, 2026
Toho Acetylene has reviewed its capital-cost-conscious management strategy after reporting fiscal 2026 ROE of 6.87%, above its estimated cost of equity but short of its 8% goal, with profits flat amid higher repair, logistics, and labor costs and ...
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.