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Toho Chemical Industry Company, Limited
(4409)
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Rating:61Neutral
Price Target:
¥807.00
▲(8.47% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily held back by mixed financial performance quality—especially weak and volatile free cash flow and still-elevated leverage despite improving trends. Offsetting factors include a constructive technical setup (price above major moving averages with positive MACD) and supportive valuation (low P/E and moderate dividend yield).
Positive Factors
Revenue Rebound
The strong FY2026 top-line recovery indicates improving demand or product mix and provides a stronger base for operating leverage. However, the prior volatility means the durability of this growth should continue to be monitored.
Negative Factors
Thin Profit Margins
Low operating and net margins leave limited protection against raw-material costs, pricing pressure, or weaker chemical demand. This constrains earnings resilience and makes sustainable profit expansion dependent on continued cost and mix improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The strong FY2026 top-line recovery indicates improving demand or product mix and provides a stronger base for operating leverage. However, the prior volatility means the durability of this growth should continue to be monitored.
Read all positive factors
Toho Chemical Industry Company, Limited (4409) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥16.72B
Dividend Yield2.81%
Average Volume (3M)5.01K
Price to Earnings (P/E)9.6
Beta (1Y)0.28
Revenue Growth3.51%
EPS Growth25.31%
CountryJP
Employees856
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)81.94
Shares Outstanding21,350,000
10 Day Avg. Volume3,890
30 Day Avg. Volume5,010
Financial Highlights & Ratios
PEG Ratio-10.10
Price to Book (P/B)0.66
Price to Sales (P/S)0.30
P/FCF Ratio1.78K
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 Chemical Industry Company, Limited Business Overview & Revenue Model
Company Description
Toho Chemical Industry Company, Limited, established in 1938 and headquartered in Tokyo, Japan, specializes in the global manufacturing and distribution of a diverse array of surfactants, specialty chemicals, resins, and industrial chemicals. The ...
How the Company Makes Money
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Toho Chemical Industry Company, Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.36B | 53.63B | 53.61B | 50.60B | 55.36B | 49.89B |
| Gross Profit | 8.94B | 8.59B | 8.18B | 6.84B | 7.29B | 7.23B |
| EBITDA | 5.36B | 4.89B | 5.20B | 4.00B | 4.50B | 3.87B |
| Net Income | 1.72B | 1.53B | 1.54B | 546.00M | 977.00M | 1.40B |
Balance Sheet | ||||||
| Total Assets | 73.05B | 70.82B | 67.86B | 69.94B | 67.95B | 66.49B |
| Cash, Cash Equivalents and Short-Term Investments | 5.41B | 5.34B | 5.90B | 6.75B | 6.08B | 7.50B |
| Total Debt | 26.61B | 28.58B | 28.58B | 30.26B | 29.94B | 28.18B |
| Total Liabilities | 48.00B | 46.70B | 46.78B | 50.77B | 50.18B | 49.58B |
| Stockholders Equity | 24.96B | 24.03B | 20.99B | 19.08B | 17.69B | 16.82B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 9.00M | 450.00M | 1.40B | -3.15B | -5.03B |
| Operating Cash Flow | 0.00 | 4.40B | 3.30B | 3.40B | 1.70B | -572.00M |
| Investing Cash Flow | 0.00 | -4.60B | -2.55B | -1.93B | -4.59B | -4.50B |
| Financing Cash Flow | 0.00 | -421.00M | -1.86B | -900.00M | 1.42B | 3.11B |
Toho Chemical Industry Company, Limited Technical Analysis
Positive
744.00
Price Trends
744.74
Positive
740.38
Positive
734.89
Positive
Market Momentum
12.64
Negative
63.99
Neutral
84.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4409, the sentiment is Positive. The current price of 744 is below the 20-day moving average (MA) of 759.80, below the 50-day MA of 744.74, and above the 200-day MA of 734.89, indicating a bullish trend. The MACD of 12.64 indicates Negative momentum. The RSI at 63.99 is Neutral, neither overbought nor oversold. The STOCH value of 84.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4409.
Toho Chemical Industry Company, Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥43.92B | 14.54 | ― | 4.27% | 4.51% | 115.09% | |
74 Outperform | ¥47.79B | 18.03 | ― | 2.32% | 2.17% | 4.31% | |
72 Outperform | ¥11.22B | 11.01 | ― | 3.23% | 4.74% | -33.15% | |
67 Neutral | ¥9.51B | 6.95 | ― | 1.35% | 2.22% | 149.18% | |
64 Neutral | ¥29.04B | 9.33 | ― | 4.62% | 3.71% | 272.03% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥16.72B | 9.57 | ― | 2.78% | 3.51% | 25.31% |
* Basic Materials Sector Average
JP:4409
Toho Chemical Industry Company, Limited
784.00
2.25
0.29%
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101.14%
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.